2018 Lexus LS 500 Car Insurance Quotes in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Apr 25, 2024

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Buyers have many options when searching for low-cost Lexus LS 500 insurance. They can either spend hours driving around trying to get quotes or utilize the internet to compare rates.

There is a better way to buy insurance coverage so we’re going to tell you the absolute fastest way to compare rates on a Lexus and obtain the lowest price from local insurance agents and online providers.

Save money with these car insurance discounts

Not many people think insurance is cheap, but there’s a good chance there are discounts that can dramatically reduce your bill. Many discounts should be triggered at the time of quoting, but some may not be applied and must be specifically requested prior to getting the savings.

  • Save over 55 – Drivers that qualify as senior citizens can get reduced rates on LS 500 insurance.
  • Anti-lock Brake System – Cars with ABS and/or traction control can reduce accidents and earn discounts up to 10%.
  • Theft Deterrent Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems prevent vehicle theft and will qualify for a discount on a insurance quote.
  • Distant Student Discount – Kids who live away from home to go to college and won’t have access to an insured vehicle may be able to be covered for less.
  • Safe Driver Discounts – Drivers who avoid accidents can pay as much as 50% less on LS 500 insurance than drivers with accident claims.
  • Defensive Driver Discount – Completing a defensive driving class can save you 5% or more depending on where you live.
  • Early Renewal Discounts – Some car insurance companies give discounts for switching policies before your current expiration date. This discount can save up to 10%.
  • Discounts for Seat Belt Usage – Drivers who require all occupants to buckle up can save up to 15% off the medical payments premium.
  • Low Mileage Discounts – Low mileage vehicles could be rewarded with slightly better car insurance rates than normal.
  • Data Collection Discounts – Drivers that enable driving data collection to analyze driving habits by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they show good driving skills.

It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, that’s just not realistic.

Auto insurance companies that may offer quotes with some of the discounts shown above include:

  • GEICO
  • Travelers
  • Nationwide
  • Farmers Insurance
  • Esurance
  • State Farm
  • Progressive
  • Mercury Insurance

Before you buy a policy, ask every insurance company how many discounts you can get. Depending on the company, some discounts may not apply to policies in your area. For a list of insurance companies with the best car insurance discounts, enter your zip code here.

The quickest method to compare car insurance company rates is to know the fact most of the larger companies actually pay money for the chance to compare their rates. To get started, all you need to do is provide a small amount of information including if you have an active license, if it has an alarm system, if the car is leased, and how much you drive. That information is instantly submitted to multiple top-rated companies and you will receive price estimates very quickly.

To find lower rates now, click here then complete the form.

Auto insurance can get complicated

When it comes to choosing the best auto insurance coverage, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help highlight if your situation will benefit from professional help.

  • Do I have coverage if my license is suspended?
  • Is rental equipment covered for theft or damage?
  • Is my babysitter covered when using my vehicle?
  • Do I have newly-acquired coverage?
  • Do I need replacement cost coverage on my 2018 Lexus LS 500?
  • Do I have coverage for damage caused while driving under the influence?
  • Is my 2018 Lexus LS 500 covered for flood damage?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, simply complete your zip code. It’s fast, free and can provide invaluable advice.

Car insurance coverage information

Knowing the specifics of insurance can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like rehabilitation expenses, prosthetic devices and pain medications. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverage

This provides protection from injuries or damage you cause to people or other property in an accident. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Alternatively, you may have a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as court costs, medical expenses, funeral expenses, loss of income and emergency aid. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Coverage for collisions

This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a mailbox, backing into a parked car, scraping a guard rail, sideswiping another vehicle and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also increase the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hail damage, hitting a deer, fire damage, a tree branch falling on your vehicle and vandalism. The most your insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are similar to your liability insurance amounts.

Save for a rainy day

As you restructure your insurance plan, it’s a bad idea to skimp on coverage in order to save money. In many cases, an insured cut liability coverage limits only to regret at claim time that the few dollars in savings costed them thousands. The aim is to find the BEST coverage at the best cost, but do not sacrifice coverage to save money.

Insureds change insurance companies for a number of reasons such as an unsatisfactory settlement offer, delays in responding to claim requests, policy cancellation and even high rates after DUI convictions. Whatever your reason, switching companies can be easy and end up saving you some money.

We just covered many ways to shop for 2018 Lexus LS 500 insurance online. It’s most important to understand that the more rate quotes you have, the higher your chance of finding cheap insurance. You may even find the biggest savings come from the least-expected company.

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