2016 Lexus GX 460 Car Insurance Cost in 2024

Did a good deal turn out to be high-priced car insurance? Don’t feel bad because you’re not the only one. People have multiple auto insurance companies to purchase coverage from, and though it is a good thing to be able to choose, more choices can make it harder to find a good deal.

The method we recommend to get rate comparisons is to understand most of the larger companies pay for the opportunity to quote your coverage. The only thing you need to do is spend a couple of minutes providing details such as if the car is leased, level of coverage desired, whether the vehicles are used for commuting, and how many miles driven. Your information is then submitted to multiple companies and you get price estimates instantly to find the best rate.

When to get professional advice

When it comes to choosing adequate coverage for your vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different so your insurance should reflect that These are some specific questions can aid in determining whether you would benefit from an agent’s advice.

• Exactly who is provided coverage by my policy?
• When should I remove comp and collision on my 2016 Lexus GX 460?
• Can my teen drive my company car?
• What is the difference between comprehensive and collision coverage?
• Do I have newly-acquired coverage?
• What companies insure drivers after a DUI or DWI?
• How do I insure my teen driver?
• Will filing a claim cost me more?
• How much liability do I need to cover my assets?

If you’re not sure about those questions then you might want to talk to an agent. If you don’t have a local agent, complete your zip code. It only takes a few minutes and may give you better protection.

Auto insurance coverages 101

Knowing the specifics of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages found on most auto insurance policies.

Collision insurance

This covers damage to your GX 460 resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with another moving vehicle, crashing into a ditch, hitting a parking meter and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Liability coverages

Liability coverage can cover damage that occurs to other’s property or people by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as legal defense fees, medical expenses, emergency aid, structural damage and bail bonds. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, falling objects, hitting a deer, vandalism and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your Lexus GX 460.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as funeral costs, dental work, prosthetic devices, pain medications and doctor visits. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage