Car Insurance Rate Quotes for a Lexus LX 570 in Tampa

Insurance rates Lexus LX 570 in TampaIf you want to find the absolute lowest rates, then the best way to get the cheapest Lexus LX 570 insurance in Tampa is to regularly compare quotes from providers that sell auto insurance in Florida. You can shop around by completing these steps.

A good tip to remember is to make sure you’re comparing the same physical damage deductibles and liability limits on each quote request and to quote with as many carriers as you can. This enables the most accurate price comparison and the best price selection.

It’s an obvious statement that car insurance companies don’t want customers comparing rates. Consumers who shop around for the cheapest rate will probably switch companies because there is a great chance of finding discount prices. A recent study showed that consumers who compared rates annually saved as much as $860 a year compared to policyholders who didn’t regularly shop around.

If finding the lowest price for Lexus LX 570 insurance in Tampa is the reason you’re here, then having a good understanding how to get free comparison quotes and analyze cheaper coverage can help you be more efficient.

Affordable Tampa Lexus LX 570 insurance rate quotes

When comparison shopping, there are several ways to obtain and compare prices from many auto insurance companies in Florida. The best way to find the lowest rates is to use the internet to compare rates.

Keep in mind that comparing more quotes will enable you to find better pricing.

The companies in the list below have been selected to offer comparison quotes in Tampa, FL. If you wish to find cheap car insurance in Tampa, we recommend you click on several of them to get a more complete price comparison.

Save with these seven discounts on Lexus LX 570 insurance in Tampa

Some insurers do not list every discount very clearly, so the list below gives a summary of both well-publicized and the harder-to-find discounts that you may qualify for.Discount insurance

Discounts save money, but please remember that some credits don’t apply to the whole policy. A few only apply to individual premiums such as physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, it’s just not the way it works.

The diagram below illustrates the difference between Lexus LX 570 car insurance costs with and without some available policy discounts. The data is based on a female driver, no claims, a clean driving record, Florida state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, homeowner, safe-driver, multi-policy, and multi-car discounts applied.

A list of companies and some of the discounts are:

If you want inexpensive Tampa car insurance quotes, ask each company the best way to save money. All car insurance discounts might not be available to policyholders in every state. To see companies that have a full spectrum of discounts in Florida, follow this link.

Rates and statistics

The coverage information displayed next highlights detailed analysis of insurance rates for Lexus LX 570 models. Understanding how insurance prices are established can be valuable when making smart choices when comparing insurance quotes.

Lexus LX 570 Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LX 570 4WD 4-Dr $408 $772 $392 $24 $118 $1,714 $143
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rate information does not factor in the specific area where the vehicle is garaged which can influence coverage rates considerably.

Higher deductibles save money

When buying insurance, a common question is which comprehensive and collision deductibles to buy. The rates below may help you to understand the differences in premium rates between high and low coverage deductibles. The first set of prices uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Lexus LX 570 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LX 570 4WD 4-Dr $590 $1110 $418 $24 $124 $2,291 $191
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Lexus LX 570 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LX 570 4WD 4-Dr $328 $586 $418 $24 $124 $1,480 $123
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate information does not factor in specific location information which can affect coverage prices significantly.

Based on this data, using a $100 deductible costs roughly $68 more each month or $816 each year than requesting the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 13 months between claims, you would probably come out ahead if you opt for a higher deductible.

Insurance cost for men versus women

The example below illustrates the difference between Lexus LX 570 insurance prices for male and female drivers. Data assumes a clean driving record, no at-fault accidents, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Comparison of full coverage and liability-only policies

The diagram below visualizes the comparison of Lexus LX 570 insurance premiums with full physical damage coverage compared to only buying liability only. Data assumes no claims or driving violations, $250 deductibles, drivers are single, and no discounts are applied.

Are you wasting money paying for full coverage?

There is no written rule to stop paying for physical damage coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let’s say your Lexus LX 570 replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $6,000 after the deductible is paid. If you are paying over $600 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are some circumstances where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Which auto insurance company is best in Tampa?

Picking a high-quality insurance provider can be challenging considering how many different insurance companies sell coverage in Tampa. The information in the lists below may help you decide which auto insurance companies you want to consider when comparing rates.

Best Auto Insurance Companies in Tampa
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies