1993 Lexus GS 300 Insurance Rates – 6 Tips for Cheaper Quotes

Buyers have options when searching for affordable Lexus GS 300 insurance. You can either spend your time driving around trying to get quotes or leverage the internet to compare rates. There is a better way to buy car insurance so we’re going to tell you the absolute fastest way to quote coverages on a Lexus and get the lowest possible price from local insurance agents and online providers.

The cheapest auto insurance rate quotes

There are a variety of methods you can shop for auto insurance but one way is more efficient than others. You could waste a few hours driving to insurance agencies in your area, or you could use online quoting to accomplish the same thing much quicker.

Most major companies belong to a marketplace that enables customers to submit one quote, and at least one company returns a competitive quote determined by their information. This prevents consumers from doing repetitive form submissions to each individual auto insurance company.

To compare rates using this form now click here to open in new window.

The one downside to using this type of system is you are unable to specify the companies you will receive quotes from. If you would rather choose individual companies to compare prices, we have a listing of companies who write auto insurance in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but make absolute certain that you use identical quote data for each quote you get. If your comparisons have different deductibles it will be next to impossible to determine which company has the best rates.

Insurance policy discounts

Insurance is not cheap nor is it fun to buy but you can get discounts that could help you make your next renewal payment. Certain discounts will be applied when you get a quote, but less common discounts must be requested specifically before being credited.

• Full Payment Discount – If you can afford to pay the entire bill instead of paying each month you can actually save on your bill.
• Low Mileage – Keeping the miles down on your Lexus can earn slightly better insurancerates than normal.
• Passive Restraints – Factory options such as air bags and/or automatic seat belt systems may qualify for discounts of 20 to 30 percent.
• Senior Citizens – Mature drivers may be able to get better insurance rates for GS 300 insurance.
• Discounts for Responsible Drivers – Drivers who don’t get into accidents can save up to 40% or more on their car insurance quote for GS 300 insurance compared to accident prone drivers.
• Home Ownership Discount – Owning your own home or condo can get you a discount since home ownership is proof that your finances are in order.

Just know that most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce individual premiums such as medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, insurance companies aren’t that generous.

Some of the insurance companies that may include some of the above discounts possibly include:

• 21st Century
• State Farm
• AAA
• Liberty Mutual
• Progressive

Check with every company which discounts you qualify for. Some credits might not be available to policyholders everywhere. To see a list of providers that offer the discounts shown above, click this link.

How do I know if I need professional advice?

When buying coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s needs are different.

These are some specific questions could help you determine whether or not you might need an agent’s assistance.

• Am I covered when pulling a rental trailer?
• Am I covered if I hit a deer?
• Is rental equipment covered for theft or damage?
• Is my teen driver covered when they drive my company car?
• Does liability extend to a camper or trailer?
• Does coverage extend to Mexico or Canada?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and can help protect your family.

Car insurance coverages for a 1993 Lexus GS 300

Learning about specific coverages of your policy helps when choosing the best coverages for your vehicles. Car insurance terms can be difficult to understand and reading a policy is terribly boring.

Collision coverage

This will pay to fix damage to your GS 300 caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like damaging your car on a curb, backing into a parked car, colliding with a tree and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Coverage for liability

This coverage will cover damages or injuries you inflict on a person or their property. It protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage protects against things such as emergency aid, pain and suffering, repair costs for stationary objects and medical services. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverages

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, rock chips in glass, damage from a tornado or hurricane and vandalism. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for medical payments

Med pay and PIP coverage provide coverage for bills for things like surgery, nursing services, funeral costs and rehabilitation expenses. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

The bottom line

While you’re price shopping online, it’s not a good idea to sacrifice coverage to reduce premiums. Too many times, someone dropped liability coverage limits only to discover later that it was a big error on their part. Your focus should be to buy a smart amount of coverage for the lowest cost, not the least amount of coverage.

In this article, we covered a lot of ways to compare 1993 Lexus GS 300 insurance prices online. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. Drivers may discover the best prices are with the least-expected company.

Lower-priced 1993 Lexus GS 300 insurance can be purchased both online as well as from insurance agents, so you need to shop car insurance with both in order to have the best chance of saving money. A few companies may not provide rate quotes online and usually these smaller providers only sell coverage through independent insurance agencies.

Helpful resources

• Older Driver Statistics (Insurance Information Insitute)
• Keeping Children Safe in Crashes Video (iihs.org)
• Crash Avoidance Technologies FAQ (iihs.org)
• Side Impact Crash Tests (iihs.org)