Comparing and finding cheaper prices for Lexus LC 500 insurance in Virginia Beach is always challenging for drivers who are beginners to quoting coverage rates online. Drivers have so many options that it can turn into a big hassle to locate the lowest price in Virginia.
We don’t have to point out that fact that car insurance companies don’t want you to compare rates. People who get comparison quotes once a year will probably move their business because they have a good chance of finding coverage at a cheaper rate. A study showed that people who shopped around saved approximately $3,400 over four years as compared to drivers who never shopped around for cheaper prices.
If finding the cheapest rates on Lexus LC 500 insurance in Virginia Beach is the reason you’re here, then knowing how to get price quotes and compare auto insurance can make the process more efficient.
If you already have coverage, you will definitely be able to lower your rates using this strategy. Our objective is to instruct you on the best ways to compare prices and also save some money in the process But Virginia vehicle owners must know how insurance companies calculate their prices and use it to find better rates.
Keep in mind that having more price comparisons provides better odds of finding the best price.
The auto insurance companies shown below have been selected to offer free quotes in Virginia Beach, VA. If your goal is to find cheap auto insurance in Virginia Beach, VA, we suggest you compare several of them to get the best price comparison.
Insuring your LC 500 just makes sense
Despite the high cost of buying insurance for a Lexus LC 500 in Virginia Beach, paying for car insurance may be mandatory for several reasons.
First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage if you want to drive legally. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
Second, if your LC 500 has a loan, almost every bank will have a requirement that you buy insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Lexus at a more expensive rate and require you to reimburse them the higher price.
Third, insurance safeguards not only your Lexus but also your financial assets. It will also provide coverage for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also covers legal expenses if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your car outweigh the cost, especially for larger claims. Unknowingly, the average driver is overpaying over $750 every year so you should quote rates each time the policy renews to save money.
Get cheaper Lexus LC 500 insurance rates in Virginia Beach
Some providers don’t always advertise the entire discount list in an easy-to-find place, so the following list contains a few of the more well known and also the lesser-known credits available to bring down your rates.
- Early Switch Discount – Select insurance companies give a discount for buying a new policy early. The savings is around 10%.
- Save over 55 – Older drivers can get better insurance rates.
- Seat Belt Discounts – Buckling up and requiring all passengers to use their safety belts can save 10% or more off the medical payments premium.
- Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive and will save you 10% or more on LC 500 insurance in Virginia Beach.
- Multi-car Discount – Insuring all your vehicles on a single policy can reduce the rates for all insured vehicles.
Just know that most credits do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as comprehensive or collision. So when the math indicates having all the discounts means you get insurance for free, nobody gets a free ride.
Larger insurance companies and a summarized list of policyholder discounts are shown below.
- Travelers offers discounts for save driver, student away at school, IntelliDrive, home ownership, hybrid/electric vehicle, and multi-policy.
- 21st Century has discounts for air bags, teen driver, theft prevention, automatic seat belts, and early bird.
- State Farm has savings for safe vehicle, good driver, driver’s education, Drive Safe & Save, and Steer Clear safe driver discount.
- GEICO may include discounts for seat belt use, military active duty, federal employee, air bags, defensive driver, and daytime running lights.
- SAFECO may have discounts that include safe driver, anti-theft, teen safe driver, accident prevention training, and drive less.
- AAA offers premium reductions for AAA membership discount, anti-theft, multi-policy, good student, pay-in-full, and multi-car.
When getting free Virginia Beach auto insurance quotes, it’s a good idea to every prospective company the best way to save money. A few discounts may not apply to policyholders everywhere.
Shop online but buy locally
A small number of people prefer to buy from a licensed agent and there is nothing wrong with that. The biggest benefit of price shopping on the web is that you can find lower rates and also buy local. And providing support for local insurance agencies is definitely important in Virginia Beach.
After completing this quick form, your information gets sent to companies in Virginia Beach that give free quotes for your business. You won’t need to leave your house since rate quotes are delivered to you directly. It’s the lowest rates AND an agent nearby. If you have a need to compare rates for a specific company, just jump over to their website and complete a quote there.
If you want to use an insurance agent, it’s important to understand the different types of agents and how they function. Insurance agents in Virginia Beach can be classified as either exclusive or independent (non-exclusive).
Independent Insurance Agents (or Brokers)
Independent agents often have affiliation with several companies and that gives them the ability to insure with an assortment of companies and get the cheapest rates. If they quote lower rates, they simply move the coverage in-house and you stay with the same agent.
When searching for an agent, we recommend you include rate quotes from at least one independent agent so that you can do a thorough price comparison. Many write coverage with companies that do not advertise much which could offer lower prices.
Featured below is a list of independent insurance agencies in Virginia Beach that may be able to give competitive price quotes.
- Nationwide Insurance: Chesson Insurance Agency Inc
307 Lynnhaven Pkwy Ste 201 – Virginia Beach, VA 23452 – (757) 464-4443 – View Map
- Bell Insurance Agency Corporation
1501 Cornwell Ln – Virginia Beach, VA 23454 – (757) 340-0028 – View Map
- WBR Insurance
3213 Virginia Beach Blvd – Virginia Beach, VA 23452 – (757) 340-0028 – View Map
Exclusive agencies can only quote rates from one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. These agents are unable to provide rate quotes from other companies so they are skilled at selling on more than just price. Exclusive agencies are usually well trained on their products and sales techniques which helps them compete with independent agents. Some people will only choose to use an exclusive agent primarily because of high brand loyalty and the convenience of having all coverages with one company.
Shown below are Virginia Beach exclusive agencies that are able to give price quote information.
- Frank Owens – State Farm Insurance Agent
1776 Laskin Rd #102 – Virginia Beach, VA 23454 – (757) 428-3101 – View Map
- Bill Cooper Jr – State Farm Insurance Agent
421 S Witchduck Rd – Virginia Beach, VA 23462 – (757) 490-2744 – View Map
- Jane Peak – State Farm Insurance Agent
315 N Great Neck Rd #220 – Virginia Beach, VA 23454 – (757) 340-8060 – View Map
Finding the right insurance agent should depend on more than just a cheap price. Ask your prospective agent these questions:
- Can glass repairs be made at your home?
- What is the financial rating for the quoted company?
- Do they make recommendations based only on price?
- Will you get a loaner vehicle if you car is being repaired?
- Does their agency support local causes in Virginia Beach?
Shop smart and save
While you’re price shopping online, you should never reduce needed coverages to save money. In many cases, an accident victim reduced physical damage coverage only to regret that their decision to reduce coverage ended up costing them more. Your objective should be to buy enough coverage for the lowest price, but do not skimp to save money.
Throughout this article, we presented a lot of information how to get a better price on Lexus LC 500 insurance in Virginia Beach. The key concept to understand is the more quotes you get, the better likelihood of getting the cheapest Lexus LC 500 rate quotes. Drivers may even discover the lowest rates are with a company that doesn’t do a lot of advertising.
There are still a few companies who may not provide online quoting and usually these regional insurance providers provide coverage only through independent agencies. The cheapest Lexus LC 500 insurance in Virginia Beach is available from both online companies and from local insurance agents, and you need to price shop both to have the best rate selection.
How to save money on Lexus LC 500 insurance in Virginia Beach
Truthfully, the best way to save on auto insurance rates in Virginia Beach is to regularly compare quotes from companies who sell auto insurance in Virginia.
Step 1: Get an understanding of how car insurance works and the measures you can control to prevent high rates. Many rating criteria that are responsible for high rates like inattentive driving and a lousy credit rating can be controlled by making lifestyle changes or driving safer.
Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can provide prices for a wide range of insurance providers.
Step 3: Compare the quotes to the premium of your current policy to see if you can save by switching companies. If you can save some money and buy the policy, verify that coverage does not lapse between policies.
Step 4: Give proper notification to your current agent or company to cancel the current policy. Submit a completed policy application and payment for your new coverage. Be sure to put the certificate of insurance above your visor, in the console, or in the glove compartment.
The most important part of shopping around is to use the same physical damage deductibles and liability limits on every price quote and and to get quotes from as many companies as possible. Doing this ensures a fair rate comparison and a better comparison of the market.
Additional information can be found below:
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Quotes for Welfare Recipients in Virginia Beach? (FAQ)
- Who Has Cheap Auto Insurance for 19 Year Olds in Virginia Beach? (FAQ)
- Who Has Cheap Virginia Beach Car Insurance Rates After a Speeding Ticket? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- Property Damage Coverage (Liberty Mutual)
- Your Car has been Stolen: Now What? (Allstate)