Locating better insurance prices for a Lexus LC 500 in Indiana can be an all-consuming task, but you can follow our insurance buying tips to save time.
There is a right way and a wrong way to shop for insurance so you’re going to learn the quickest way to get price quotes for your Lexus and get the cheapest rates.
It’s a good habit to compare prices once or twice a year since prices change quite often. Despite the fact that you may have had the best deal on Lexus LC 500 insurance in Indianapolis on your last policy there may be better deals available now. Ignore everything you know about insurance because I’m going to teach you the quickest way to reduce your cost while increasing coverage.
If you are insured now or just want to save money, you can use these techniques to get lower rates and possibly find even better coverage. Finding and comparing affordable insurance coverage in Indianapolis is not that difficult. Smart shoppers just have to use the quickest way to compare insurance rates from many companies at once.
Save money with these nine discounts
Companies that sell car insurance do not list all possible discounts in a way that’s easy to find, so here is a list some of the best known and the harder-to-find discounts that may be available. If you check and find you aren’t receiving every discount you qualify for, you’re just leaving money on the table.
- 55 and Retired – If you qualify as a senior citizen, you are able to get better auto insurance rates.
- Theft Deterrent – Cars and trucks optioned with advanced anti-theft systems can help prevent theft and can earn a small discount on your policy.
- Multi-car Discount – Having all your vehicles on one policy can get a discount for every vehicle.
- Cautious Driver Discount – Insureds who avoid accidents can pay as much as 50% less than their less cautious counterparts.
- Payment Discounts – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid the installment charge.
- Active Military Service – Being on active deployment in the military may lower your rates slightly.
- Discount for Life Insurance – Not all companies offer life insurance, but some may give you a discount if you purchase some life insurance too.
- Drive Less and Save – Keeping the miles down on your Lexus could earn lower prices due to less chance of an accident.
- Braking Control Discount – Cars and trucks that have steering control and anti-lock brakes are safer to drive so you can save 10 percent or more.
Policy discounts save money, but many deductions do not apply to the entire policy premium. Some only apply to specific coverage prices like collision or personal injury protection. Even though the math looks like having all the discounts means you get insurance for free, it doesn’t quite work that way.
A few popular companies and a summarized list of policyholder discounts are detailed below.
- American Family has discounts for Steer into Savings, multi-vehicle, good student, mySafetyValet, and accident-free.
- State Farm may offer discounts for passive restraint, student away at school, defensive driving training, good student, multiple autos, and anti-theft.
- 21st Century has savings for driver training, automatic seat belts, air bags, early bird, homeowners, teen driver, and student driver.
- Travelers offers discounts for multi-car, IntelliDrive, payment discounts, early quote, good student, and driver training.
- GEICO offers discounts including anti-theft, federal employee, military active duty, membership and employees, and driver training.
If you need lower rates, check with every insurance company which credits you are entitled to. Some discounts may not be available in every state.
The best way to get policy rate comparisons for Lexus LC 500 insurance in Indianapolis is to take advantage of the fact car insurance companies will pay a fee to provide you with a free rate quote. To start a quote, the only thing you need to do is take a few minutes to give details including if the car is leased, whether you are married, your job, and level of coverage desired. Your information is automatically sent to all major companies and they provide comparison quotes immediately.
If you would like to compare rates now, click here and complete the quick form.
The companies in the list below can provide quotes in Indianapolis, IN. If the list has multiple companies, we suggest you visit two to three different companies to get a more complete price comparison.
You may need advice from a local insurance agent
Some people prefer to buy from a local agent and that is not a bad decision Good agents can help you choose the best coverages and help file insurance claims. One of the benefits of comparing insurance online is that you can find the best rates but still work with a licensed agent. Buying from neighborhood insurance agencies is important especially in Indianapolis.
By using this quick form, the quote information gets sent to local insurance agents in Indianapolis who want to provide quotes to get your business. There is no need to search for any insurance agencies because prices are sent to your email. In the event you want to get a comparison quote from a specific insurance provider, just navigate to their website and fill out their quote form.
If you want to use a reliable agent, you must know there are a couple different agency structures and how they can service your needs differently. Indianapolis agents may be either exclusive agents or independent agents. Either one can insure your vehicles, but it’s worth learning the difference between them because it can impact your agent selection.
Independent Insurance Agents
Agents of this type are not locked into one company so they have the ability to put coverage through lots of different companies and potentially find a lower price. If premiums increase, they simply switch companies in-house and the insured can keep the same agent.
When comparison shopping, we highly recommend that you get some free quotes from at a minimum one independent agency for the best price selection. Many can place coverage with less well-known companies that many times have cheaper rates.
Below are independent insurance agencies in Indianapolis that may be able to provide free insurance quotes.
- Summit Insurance Agency Inc
9302 N Meridian St #297 – Indianapolis, IN 46260 – (317) 844-4701 – View Map
- Access Auto Insurance
2107 W Washington St – Indianapolis, IN 46222 – (317) 687-8807 – View Map
- Jensen Ford Insurance
8000 S Meridian St – Indianapolis, IN 46217 – (317) 888-6007 – View Map
Agents that elect to be exclusive can only provide pricing for a single company such as Allstate and State Farm. These agents are unable to give you multiple price quotes so they are skilled at selling on more than just price. Exclusive agencies are highly trained on what they offer which can be an advantage. Consumers sometimes use the same exclusive agent mostly because of the brand legacy rather than having the cheapest rates.
Below are Indianapolis exclusive insurance agencies willing to provide comparison quotes.
- Keith Eberg – State Farm Insurance Agent
7550 S Meridian St d – Indianapolis, IN 46217 – (317) 887-1400 – View Map
- Jim Crinklaw – State Farm Insurance Agent
9423 Pendleton Pike – Indianapolis, IN 46236 – (317) 897-6129 – View Map
- Sarah Holtrup – State Farm Insurance Agent
1480 W Southport Rd c – Indianapolis, IN 46217 – (317) 888-5200 – View Map
Selecting an car insurance agent shouldn’t rely on just the premium amount. Here are some questions you might want to ask.
- Where would glass claims be handled in Indianapolis?
- Has the agent ever had any license suspensions?
- Who is covered by the car insurance policy?
- Do they write coverage based solely on cost?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
What car insurance coverages do you need?
Learning about specific coverages of your policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP pay for immediate expenses for funeral costs, surgery and dental work. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for claims like hail damage, damage from a tornado or hurricane and vandalism. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
This protects you from damage or injury you incur to other’s property or people in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/10 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage pays for things like structural damage, medical expenses, repair bills for other people’s vehicles, legal defense fees and loss of income. How much liability coverage do you need? That is up to you, but buy as much as you can afford. Indiana state law requires minimum liability limits of 25/50/10 but drivers should carry more coverage.
The next chart demonstrates why buying minimum limits may not be enough coverage.
Collision insurance pays for damage to your LC 500 resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage protects against things like rolling your car, sustaining damage from a pot hole, driving through your garage door, hitting a mailbox and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible on your LC 500 to save money on collision insurance.
Uninsured/Underinsured Motorist coverage
This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as damage to your Lexus LC 500.
Because many people only purchase the least amount of liability that is required (25/50/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Normally these coverages do not exceed the liability coverage limits.
Quote. Compare. Save.
Drivers who switch companies do it for any number of reasons including an unsatisfactory settlement offer, high prices, being labeled a high risk driver or even unfair underwriting practices. No matter why you want to switch, finding a new company is easier than you think.
Cheaper Lexus LC 500 insurance in Indianapolis is possible on the web and with local Indianapolis insurance agents, and you should compare price quotes from both to have the best selection. Some insurance companies don’t offer the ability to get quotes online and many times these smaller companies only sell through independent agents.
When getting Indianapolis auto insurance quotes online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible for the lowest cost.
How to save money on Lexus LC 500 insurance in Indianapolis
The most effective way to quote cheaper Lexus LC 500 insurance is to make a habit of regularly comparing prices from insurance carriers who can sell car insurance in Indianapolis.
- Read and learn about individual coverages and the steps you can take to prevent rate increases. Many rating criteria that cause high rates such as at-fault accidents, speeding tickets, and an unacceptable credit score can be amended by paying attention to minor details.
- Quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from one company like Progressive and State Farm, while independent agencies can quote prices from multiple insurance companies.
- Compare the new quotes to the price on your current policy to see if switching to a new carrier will save money. If you find better rates and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Notify your current company to cancel your existing policy. Submit the required down payment along with the signed application for the new coverage. Once coverage is bound, safely store the certificate verifying proof of insurance in your vehicle’s glove compartment or console.
One bit of advice is to try to compare the same amount of coverage on each price quote and and to look at every insurance company. Doing this enables a fair price comparison and and a good selection of different prices.
To learn more, link through to these articles:
- Neck Injury FAQ (iihs.org)
- Who Has Affordable Indianapolis Car Insurance Quotes for Business Use? (FAQ)
- Who Has Cheap Indianapolis Auto Insurance for a Company Car? (FAQ)
- How Much is Auto Insurance for a Honda Civic in Indianapolis? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- Credit Impacts Car Insurance Rates (State Farm)
- What are my Rights when Filing a Claim? (Insurance Information Institute)