Locating better insurance prices for a Lexus LX 570 in Illinois can turn out to be an all-consuming task, but you can follow our auto insurance buying tips to make it easier. There is a right way and a wrong way to shop for auto insurance so you’re going to learn the absolute fastest way to get price quotes for your Lexus and obtain the lowest possible price.
It’s astonishing, but the vast majority of auto insurance customers have bought auto insurance from the same company for four years or more, and about 40% of consumers have never taken the time to shop around. Illinois drivers could save themselves nearly $600 a year by just shopping around, but they just don’t understand how easy it is to compare rates.
Smart consumers take time to quote other rates as often as possible because insurance prices trend upward over time. Just because you found the best deal on Lexus LX 570 insurance in Chicago on your last policy there is a good chance you can find better rates now. Block out anything you think you know about auto insurance because you’re going to get a crash course in how to use the internet to reduce your cost while increasing coverage.
The auto insurance companies shown below are our best choices to provide comparison quotes in Chicago, IL. If multiple companies are listed, we suggest you visit several of them to get the most affordable price.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $354 | $786 | $340 | $20 | $102 | $1,602 | $134 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Table data does not factor in zip code location which can increase or decrease insurance rates considerably.
Deductible comparison
When comparing auto insurance rates, the most common question is how low should you set your deductibles. The following insurance rates outline the cost difference when you buy lower versus higher coverage deductibles. The first data set uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $332 | $582 | $262 | $16 | $78 | $1,295 | $108 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $204 | $366 | $262 | $16 | $78 | $926 | $77 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can revise premium rates noticeably.
We can derive from the above data that using a $250 deductible would cost the average driver about $31 more each month or $372 every year than buying the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 24 months between claim filings, you would come out ahead if you elect the higher deductible. Here is an example of how you can perform this determination yourself.
| Average monthly premium for $250 deductibles: | $108 |
| Average monthly premium for $1,000 deductibles (subtract): | – $77 |
| Monthly savings from raising deductible: | $31 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $31 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 24 months |
One thing to be aware of is that raising deductibles results in having to pay to pay more out-of-pocket when you have a physical damage claim. It will be required that you have some extra funds in order to pay the higher deductible.
Illustration showing the impact of accidents and violations
The example below demonstrates how citations and accidents impact Lexus LX 570 annual premium costs for different categories of driver ages. The premiums assume a single male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
Insurance is unique, just like you
When buying coverage, there really isn’t a “best” method to buy coverage. Everyone’s situation is a little different so your insurance should reflect that
For example, these questions might help in determining whether or not you could use an agent’s help.
- Does my insurance cover my expensive audio equipment?
- When can my company non-renew my policy?
- Does my insurance cover a custom paint job?
- What is the ISO rating for a Lexus LX 570?
- Can I afford low physical damage deductibles?
- Can my teen driver be rated on a liability-only vehicle?
If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.
Compare prices but buy from a local Chicago insurance agency
Some consumers would rather get professional advice from a licensed agent and doing that can be a smart decision Most agents can point out coverage gaps and will help you if you have claims. One of the benefits of comparing insurance online is the fact that you can find cheaper premium rates and also buy local.
Upon completion of this short form, your insurance coverage information is transmitted to participating agents in Chicago who will give you bids for your business. You won’t need to contact an agency because prices are sent to the email address you provide. If you want to quote rates from a specific insurance provider, just visit that company’s website and give them your coverage information.
Choosing an insurer is decision based upon more than just the bottom line cost. Some important questions to ask are:
- Which insurance company do they prefer to write with?
- Are they in the agency full-time?
- Where would glass claims be handled in Chicago?
- Do they offer claims assistance after hours?
- Where are claims handled?
- Is there any savings for paying the full premium?
- Is the agent properly licensed in Illinois?
- If you have an accident, will your rates go up?
When searching for a reputable insurance agent or broker, it’s helpful to know the different types of agents that you can choose from. Agencies in Chicago may be either independent agents or exclusive agents. Either one can insure your vehicles, but we need to point out the differences because it can influence your selection of an agent.
Exclusive Insurance Agents
Exclusive agents work for only one company and examples are Allstate, State Farm and Farmers Insurance. They generally cannot compare other company’s rates so it’s a take it or leave it situation. They are very knowledgeable on their company’s products which aids in selling service over price. Some consumers prefer to choose to use a exclusive agent partially due to the brand legacy rather than having the cheapest rates.
Listed below are exclusive insurance agencies in Chicago that are able to give price quotes.
- Jim Mays Jr – State Farm Insurance Agent
4465 N Milwaukee Ave – Chicago, IL 60630 – (773) 282-1500 – View Map - Linda Kuczka – State Farm Insurance Agent
954 W Webster Ave – Chicago, IL 60614 – (773) 975-9111 – View Map - Gus Andrade – State Farm Insurance Agent
4355 W 26th St – Chicago, IL 60623 – (773) 521-0216 – View Map
Independent Insurance Agencies
Independent insurance agents are not restricted to one company and that is an advantage because they can write policies with many different companies and help determine which has the cheapest rates. If they find a cheaper price, your agent can just switch to a different company which is easy for the insured. If you are trying to find cheaper rates, it’s recommended you include price quotes from several independent insurance agents to ensure the widest selection of prices. Most have the option of insuring with smaller companies that may have much lower rates than larger companies.
The following are Chicago independent agents that can give you price quote information.
- Riehn Insurance
4541 N Lincoln Ave – Chicago, IL 60625 – (773) 561-4200 – View Map - Lincoln Auto Insurance
855 W Washington Blvd – Chicago, IL 60607 – (312) 666-8800 – View Map - Serpe Insurance Agency
2538 N Lincoln Ave – Chicago, IL 60614 – (773) 871-0808 – View Map
After you get satisfactory answers to your questions and locked in a price quote, most likely you have located an insurance agency that is a good match to provide insurance coverage. Just be aware that you are able to cancel a policy for any reason so don’t think that you are permanently stuck with a specific agent indefinitely.