If saving money is your primary concern, then the best way to get cheaper Lexus LX 570 insurance in Virginia Beach is to regularly compare prices from different companies who sell insurance in Virginia. Drivers can shop around by following these steps.
Step 1: Get a basic knowledge of individual coverages and the modifications you can make to keep rates in check. Many rating factors that increase rates such as accidents, careless driving, and a bad credit rating can be improved by improving your driving habits or financial responsibility.
Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like Progressive or Allstate, while agents who are independent can provide rate quotes from multiple companies.
Step 3: Compare the price quotes to the price on your current policy and see if there is a cheaper rate. If you find a lower rate quote and make a switch, ensure coverage does not lapse between policies.
Step 4: Notify your current company to cancel your current auto insurance policy and submit payment and a completed application for the new policy. Once the application is submitted, put the new certificate verifying coverage along with the vehicle’s registration papers.
The most important part of shopping around is to use the same deductibles and limits on every price quote and and to look at as many carriers as you can. This ensures an apples-to-apples comparison and the best rate selection.
It’s an obvious assumption that auto insurance companies don’t want you to compare rates. Drivers who rate shop once a year will, in all likelihood, buy a new policy because of the high probability of finding a lower rate. A recent car insurance study discovered that people who routinely shopped for cheaper coverage saved as much as $3,400 over four years compared to those who never compared prices.
If finding low prices for Lexus LX 570 insurance in Virginia Beach is why you’re reading this, then learning about the best way to shop and compare cheaper coverage can make it easier to find better rates.
There are several ways to compare prices from all the different companies. One of the best ways to find competitive Lexus LX 570 insurance rates is simply to get online rate quotes.
It’s important to know that more quotes helps you find lower pricing.
The providers in the list below provide comparison quotes in Virginia. To get cheap auto insurance in Virginia Beach, we recommend you visit several of them to get the best price comparison.
Save a ton by getting these nine discounts
Companies that sell car insurance don’t necessarily list every discount they offer in a way that’s easy to find, so the next list breaks down some of the more common and the harder-to-find credits that you can use to lower your rates.
- Professional Organizations – Joining specific professional or occupational memberships or organizations is a good way to get lower rates on your policy.
- Fewer Miles Equal More Savings – Keeping the miles down on your Lexus could earn better premium rates on cars that stay parked.
- Senior Discount – Drivers that qualify as senior citizens may qualify for a small decrease in premiums.
- Discount for Good Grades – Performing well in school could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.
- Accident Waiver – This isn’t a discount exactly, but certain companies will turn a blind eye to one accident without the usual rate increase so long as you are claim-free for a set time period.
- Air Bag Discount – Options like air bags or motorized seat belts can receive discounts of 20% or more.
- Defensive Driving Course – Passing a course that instructs on driving safety could cut 5% off your bill if you qualify.
- Theft Prevention Discount – Vehicles equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and will save you 10% or more on LX 570 insurance in Virginia Beach.
- Military Rewards – Being on active deployment in the military could be rewarded with lower car insurance rates.
Please keep in mind that some credits don’t apply to your bottom line cost. A few only apply to individual premiums such as physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, it doesn’t quite work that way.
The illustration below visualizes the comparison of Lexus LX 570 insurance premiums with and without policy discounts. The premiums assume a male driver, no accidents or driving violations, Virginia state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, homeowner, multi-car, and claim-free discounts applied.
If you would like to choose from a list of insurance companies who offer cheap Lexus LX 570 insurance quotes in Virginia Beach in Virginia Beach, click here.
Statistics and details
The premium information shown below covers estimates of insurance costs for Lexus LX 570 models. Learning a little about how insurance prices are established can aid in making decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $228 | $454 | $270 | $16 | $80 | $1,048 | $87 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rates do not factor in specific location which can revise rates considerably.
Should you raise deductibles?
One of the hardest decisions when shopping for auto insurance is how low should you set your deductibles. The comparisons below show the cost difference when you buy lower versus higher coverage deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $364 | $686 | $258 | $16 | $78 | $1,427 | $119 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $266 | $462 | $258 | $16 | $78 | $1,080 | $90 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in specific zip code location which can alter insurance rates greatly.
Using the data above, we can ascertain that using a $100 deductible costs an average of $29 more each month or $348 a year than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 14 months between claims, you would more than likely save some money going with the higher deductible.
The information below demonstrates how deductibles and can affect Lexus LX 570 annual premium costs for each different age category. The rates are based on a married female driver, full physical damage coverage, and no discounts are factored in.
Illustration showing the impact of accidents and violations
The diagram below demonstrates how traffic citations and at-fault collisions increase Lexus LX 570 insurance premiums for different age groups. The information is based on a married female driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
Comparison of auto insurance rates by age and gender
The chart below shows the difference between Lexus LX 570 insurance prices for male and female drivers. Data assumes no claims, a clean driving record, full physical damage coverage, $500 deductibles, single marital status, and no discounts are factored in.
Price comparison of only insuring for liability
The illustration below shows the difference between Lexus LX 570 insurance costs when comparing full coverage to liability only. The price estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no additional discounts are factored in.
Should you buy full coverage or liability only?
There isn’t a steadfast formula to exclude full coverage, but there is a general convention. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Lexus LX 570 replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,000 after the policy deductible has been paid. If you are paying in excess of $800 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are a few cases where removing full coverage is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
Do I need an agent?
Some people would prefer to have an agent’s advice and often times that is recommended One of the great benefits of comparing rates online is that drivers can save money and get better rates but also keep your business local.
Upon completion of this quick form, your coverage information gets sent to insurance agents in Virginia Beach who can give free rate quotes for your business. There is no need to visit any agencies as quotes are delivered directly to you. You can find better rates and work with a local agent. If you need to quote rates from a specific insurance company, don’t hesitate to jump over to their website and submit a quote form there.
Deciding on an insurance company should include more criteria than just a cheap price quote. You should also get answers to these questions.
- Will the company cover a rental car if your car is getting fixed?
- Do they prorate repair cost based on vehicle mileage?
- Can they give you a list of client referrals?
- How much will you save each year by using a higher deductible?
- Is the coverage adequate for your vehicle?
Pick the best car insurance agent in Virginia Beach for you
If you prefer to buy car insurance from local Virginia Beach agents, it’s helpful to know the different types of agents to choose from. Car insurance agents in Virginia Beach may be either independent (non-exclusive) or exclusive.
Exclusive Car Insurance Agencies
Agents in the exclusive channel normally can only provide a single company’s rates and examples are Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agencies are unable to compare other company’s rates so they have to upsell other benefits. Exclusive agencies are highly trained on their company’s products which aids in selling service over price. Many people buy insurance from these agents mostly because of loyalty to the company and solid financial strength.
Shown below are exclusive agents in Virginia Beach willing to provide price quote information.
- Jessica Hester – State Farm Insurance Agent
2247 W Great Neck Rd #102 – Virginia Beach, VA 23451 – (757) 481-1840 – View Map - Aubrey Pithwa – State Farm Insurance Agent
562 Lynnhaven Pkwy #201 – Virginia Beach, VA 23452 – (757) 227-9700 – View Map - Rhonda Floasin – State Farm Insurance Agent
1115 Independence Blvd #214 – Virginia Beach, VA 23455 – (757) 363-7376 – View Map
Independent Car Insurance Agents
Agents in the independent channel do not write with just one company so they can write business with many different companies and possibly get better coverage at lower prices. If your premiums go up, they simply switch companies in-house and you won’t have to switch agencies. When comparison shopping, you will definitely want to get some free quotes from several independent insurance agents for the best price selection. Most independent agents also contract with smaller mutual companies that may have much lower rates than larger companies.
The following are independent agents in Virginia Beach that are able to give comparison quotes.
- Towne Insurance
301 Bendix Rd #300 – Virginia Beach, VA 23452 – (757) 468-6100 – View Map - Bordeaux Insurance Agency
4654 Haygood Rd – Virginia Beach, VA 23455 – (757) 460-6220 – View Map - Huffman Insurance Agency
5541 Parliament Dr #209 – Virginia Beach, VA 23462 – (757) 200-3183 – View Map
Upon receiving answers to your satisfaction to all your questions as well as a affordable price, most likely you have located a car insurance agent that meets your needs to provide car insurance coverage. Just remember policyholders can cancel a policy at any time so don’t think you are locked into the car insurance policy for the entire policy term.
How to know if you need help
Keep in mind that when it comes to choosing the right insurance coverage, there really is no best way to insure your cars. Everyone’s situation is unique so your insurance needs to address that.
For example, these questions can help discover whether you will benefit from professional help.
- How much can I save by bundling my policies?
- Is my son or daughter covered when driving my car?
- Am I covered if hit by an uninsured driver?
- Are split liability limits better than a combined single limit?
- Is my Lexus LX 570 covered for flood damage?
- Is my Lexus LX 570 covered if I use it for business?
If you can’t answer these questions, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.
Car insurance coverages for a Lexus LX 570
Knowing the specifics of your policy aids in choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverage types found on the average insurance policy.
Coverage for liability – Liability coverage can cover damage that occurs to people or other property that is your fault. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/20 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $20,000 of coverage for damaged property.
Liability coverage protects against things like attorney fees, bail bonds, pain and suffering and funeral expenses. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible. Virginia requires drivers to carry at least 25/50/20 but you should think about purchasing higher limits.
The illustration below shows why low liability limits may not be high enough to cover claims.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage pay for bills like pain medications, surgery and chiropractic care. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Protection from uninsured/underinsured drivers – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Due to the fact that many Virginia drivers carry very low liability coverage limits (Virginia limits are 25/50/20), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Collision – This coverage covers damage to your LX 570 from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as rolling your car, sideswiping another vehicle, scraping a guard rail, backing into a parked car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible on your LX 570 to save money on collision insurance.
Comprehensive (Other than Collision) – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like a tree branch falling on your vehicle, hitting a bird, rock chips in glass and vandalism. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Don’t give up on affordable coverage
Budget-conscious Lexus LX 570 insurance can be found online as well as from insurance agents, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who may not offer online price quotes and most of the time these smaller companies provide coverage only through local independent agents.
When getting Virginia Beach auto insurance quotes online, do not buy poor coverage just to save money. Too many times, an accident victim reduced physical damage coverage only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find at the lowest possible cost, but don’t skip important coverages to save money.
Helpful information
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for Uber Drivers in Virginia Beach? (FAQ)
- How Much is Auto Insurance for Real Estate Agents in Virginia Beach? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Safe Drivers in Virginia Beach? (FAQ)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- How do I File a Claim? (Insurance Information Institute)
- Eight Auto Insurance Myths (Insurance Information Institute)
- Distracted Driving (Insurance Information Institute)