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Lexus LC 500 Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: May 1, 2020

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Buying auto insurance through online companies is easy, in addition you may find lower rates. The key is to compare rates from all providers so you can get all your choices.

People who are new to comparing rates may think buying affordable Lexus LC 500 insurance is difficult. The are a couple different ways of comparing rates from auto insurance companies in your area. The fastest way to find competitive Lexus LC 500 insurance quotes is to get quotes online. This is very easy and can be done by completing this short form.

Criteria which help determine car insurance premiums

Insurance premiums paid to insure a Lexus LC 500 will vary greatly based upon several criteria. A few of these criteria are:

  • Your driving record
  • Your credit history
  • Where you live
  • Annual mileage can affect rates
  • Male rates may be higher
  • Low deductibles cost more
  • NTSB crash rating for your vehicle
  • Your job
  • The amount of protection requested
  • Owning a home can lower rates

One important consideration that helps determine your rates is the age of the vehicle. Older models have a much lower replacement value compared to new LC 500 models so the costs to repair will push premiums down. But newer vehicles have more advanced features including pedestrian detection, a collision avoidance system, and adaptive headlights so those may give discounted rates.

To get more specific information about how rates are influenced for your specific model year, select the year of your vehicle from the following list.

Coverage for liability

Liability insurance can cover injuries or damage you cause to a person or their property in an accident. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so buy as much as you can afford.

Auto collision coverage

Collision insurance covers damage to your LC 500 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from lower value vehicles. It's also possible to increase the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle when the "other guys" either are underinsured or have no liability coverage at all. Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for bills like ambulance fees, surgery, and doctor visits. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage.

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