Compare Lexus LX 570 Insurance Rate Quotes in Kansas City

Unbelievable but true according to a study most auto insurance buyers kept their policy with the same company for well over three years, and approximately 40% of consumers have never compared auto insurance rates at all. With the average auto insurance premium being $1,500, Kansas City drivers could cut their rates by about $300 a year just by getting comparison quotes, but they don’t know the amount of money they would save if they switched to a more affordable policy.

Insurance quote for Lexus LX 570 in Kansas CityIf you want to save money, the best way to find affordable quotes for Lexus LX 570 insurance is to compare prices annually from insurance carriers that insure vehicles in Kansas City. You can compare rates by completing these steps.

  1. Gain an understanding of the different coverages in a policy and the things you can control to keep rates in check. Many factors that are responsible for high rates like multiple speeding tickets and a less-than-favorable credit history can be improved by being financially responsible and driving safely.
  2. Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or Farmers Insurance, while agents who are independent can quote rates from multiple insurance companies.
  3. Compare the new rates to the premium of your current policy and determine if cheaper LX 570 coverage is available. If you can save some money, make sure there is no lapse in coverage.

A good piece of advice is to use identical coverages on each quote request and and to compare as many car insurance companies as possible. This guarantees a fair price comparison and the best price selection.

The purpose of this article is to help educate you on the best way to buy inexpensive car insurance. If you have car insurance now, you stand a good chance to be able to reduce premiums using this strategy. Shoppers just need to know the proper way to compare price quotes from multiple carriers.

Insurance coverage details

The rate information below showcases estimates of insurance prices for Lexus LX 570 models. Having knowledge of how auto insurance premiums are established can aid in making smart choices when selecting a policy.

Lexus LX 570 Insurance Rates in Kansas City, MO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LX 570 4WD 4-Dr $418 $872 $360 $22 $108 $1,780 $148
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Information does not factor in specific location which can influence auto insurance rates greatly.

Can higher deductibles save money?

When buying auto insurance, a common question is which deductible level should you buy. The data tables below show the rate difference of buying low and high physical damage deductibles. The first set of prices uses a $250 deductible for physical damage and the second price chart uses a $500 deductible.

Lexus LX 570 insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LX 570 4WD 4-Dr $338 $594 $266 $16 $80 $1,319 $110
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Lexus LX 570 insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LX 570 4WD 4-Dr $274 $480 $266 $16 $80 $1,116 $93
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Price information does not factor in specific zip code location which can alter prices considerably.

Using the data above, we can ascertain that using a $250 deductible costs about $17 more each month or $204 annually across all Lexus LX 570 models than requesting the higher $500 deductible. Since you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at least 15 months between claims, you would save money if you choose the higher deductible. The numbers below show the way we made this calculation.

Average monthly premium for $250 deductibles: $110
Average monthly premium for $500 deductibles (subtract): – $93
Monthly savings from raising deductible: $17
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to be aware of is that a higher deductible means you will have to pay more of your own money when you have a claim. You need to have enough savings in order to pay more to get your vehicle repaired.

The example below shows how choosing a deductible and can raise or lower Lexus LX 570 yearly insurance costs for different ages of insureds. The prices are based on a married female driver, full coverage, and no discounts are factored in.

Age-based auto insurance rates by gender in Kansas City

The chart below illustrates the comparison of Lexus LX 570 annual premium costs for male and female drivers. The prices are based on no claims or driving citations, comprehensive and collision coverage, $500 deductibles, single marital status, and no other discounts are factored in.

Lexus LX 570 liability rates compared to full coverage

The diagram below shows the difference between Lexus LX 570 insurance costs with full coverage compared to only the Missouri minimum liability coverage. The rate quotes are based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no clear-cut formula to eliminate full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then you might consider buying liability only.

For example, let’s assume your Lexus LX 570 claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after paying your policy deductible. If premiums are more than $200 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some situations where buying only liability insurance is not in your best interest. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Detailed coverages of your insurance policy

Having a good grasp of your insurance policy aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on the average insurance policy.

Auto liability

This coverage provides protection from damage that occurs to other’s property or people by causing an accident. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/10 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $10,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims like medical services, legal defense fees, repair costs for stationary objects and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying as high a limit as you can afford. Missouri requires minimum liability limits of 25/50/10 but drivers should carry better liability coverage.

The illustration below demonstrates why buying minimum limits may not be adequate coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like EMT expenses, X-ray expenses, prosthetic devices and nursing services. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage

This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Lexus LX 570.

Because many people only carry the minimum required liability limits (25/50/10), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages are set the same as your liability limits.

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as sustaining damage from a pot hole, colliding with a tree, backing into a parked car, driving through your garage door and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible on your LX 570 in order to get cheaper collision rates.

Comprehensive coverages

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, fire damage, theft, damage from flooding and hitting a deer. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Cheap insurance prices are available

We covered some good ideas how you can shop for Lexus LX 570 insurance online. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding affordable Kansas City auto insurance quotes. You may even discover the most savings is with a company that doesn’t do a lot of advertising. Regional companies may often insure only within specific states and give better rates as compared to the big name companies such as GEICO and State Farm.

When shopping online for insurance, you should never skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice liability coverage limits only to discover later that the savings was not a smart move. The proper strategy is to purchase plenty of coverage at an affordable rate but still have enough coverage for asset protection.

Much more information about insurance in Missouri can be found at these links: