Cheap 1996 Lexus GS 300 Car Insurance Cost

Trying to find the cheapest insurance rates for your Lexus GS 300? Are you irritated from paying out the nose to pay your insurance bill each month? You’re in the same situation as most other drivers.

Many car insurance companies compete to insure your vehicles, so it can be very hard to choose a company to find the best price available.

It’s smart to quote other rates every six months since insurance prices are usually higher with each renewal. Even if you think you had the lowest rates for GS 300 insurance a year ago you can probably find a better rate quote now. You can find a lot of information about insurance online but by reading this article, you’re going to learn a bunch of ideas how to put money back in your pocket.

How you can control Lexus GS 300 insurance prices

Lots of factors are used when you get a price on insurance. Some of the criteria are obvious such as your driving record, but other criteria are less obvious like where you live or how safe your car is.Smart consumers have a good feel for some of the factors that come into play when calculating your premiums. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that could help you find cheaper rates.

The itemized list below are some of the most rate-impacting factors that factor into your premiums.

  • Women tend to be lower risk – Over time, data shows that females tend to be a little less risky than males. That doesn’t necessarily mean that females are better at driving than males. Women and men have auto accidents in similar percentages, but the male of the species have costlier accidents. Men also statistically get ticketed for serious violations like reckless driving and DUI.
  • High credit scores save money – Credit history can be an important factor in determining what you pay. People that have high credit ratings tend to be better risks to insure as compared to drivers with lower ratings. If your credit could use some work, you could be paying less to insure your 1996 Lexus GS 300 by repairing your credit.
  • Marriage discount – Being married actually saves money on insurance coverage. Having a significant other translates into being more mature and responsible and it’s statistically proven that being married results in fewer claims.
  • Liability insurance preserves assets – Your policy’s liability coverage will provide protection if ever a court rules you are at fault for damages from an accident. It provides legal defense which can cost a lot. It is affordable coverage compared to physical damage coverage, so do not skimp.
  • Deter car thieves – Choosing to buy a car with an alarm system can help lower your premiums. Theft prevention features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart auto theft and help lower rates.
  • Big city or small town – Being located in a rural area is a positive aspect when buying insurance coverage. Drivers who live in large cities have to deal with much more traffic and more time behind the wheel. Less people living in that area corresponds to lower accident rates and also fewer theft and vandalism claims.
  • Fewer miles means better costs – The more you drive every year the higher your rates will be. A lot of companies rate vehicles partially by how you use the vehicle. Cars and trucks that are left in the garage get more affordable rates than vehicles that have high annual mileage. Having the wrong rating on your GS 300 can cost quite a bit. Make sure your vehicle rating reflects the proper vehicle usage, because it can save money.

Shop car insurance online

To find the best car insurance quotes, there are several ways to compare rate quotes from local car insurance companies. The easiest way by far to find affordable 1996 Lexus GS 300 insurance rates is to jump online and get quotes. It’s really quite simple and can be done in a couple minutes as outlined below.

If you are pressed for time, the simplest way to find the lowest comparison rates is to use a rate comparison form (click to open form in new window). This style of form prevents you from having to do separate forms to each individual car insurance company. One form gets insurance cost estimates from all major companies.

A less efficient way to obtain and compare quotes online consists of visiting each individual company website and complete a new quote form. For instance, let’s say you want to see prices from State Farm, Geico and GMAC. To find out each rate you need to visit each site and type in your information over and over, which can get rather old. For a list of companies in your area, click here.

The least recommended method to compare price quotes is driving around to local insurance agencies. Doing it all online eliminates the middleman unless you want the extra assistance of a local agent. Although, it is possible find lower rates online but purchase the actual policy in an agency.

It’s your choice how you get your quotes, but compare the exact same deductibles and coverage limits for each comparison quote. If you use differing limits it will be next to impossible to decipher which rate is best. Even a minor difference in insurance coverages or limits could throw off the whole comparison. Just remember that obtaining a wide range of quotes helps you find more affordable rates. Not every company allows you to get online rate quotes, so you also need to get quotes from those companies as well.

You may qualify for discounts

Companies do not advertise every available discount in a way that’s easy to find, so we researched some of the more common in addition to some of the lesser obvious credits that may apply to you.

  • Bundled Policy Discount – If you insure your home and vehicles with the same company you could earn a discount of at least 10 to 15 percent or more.
  • Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle up can save up to 15% off the PIP or medical payment premium.
  • Include Life Insurance and Save – Car insurance companies who offer life insurance give a discounted premium rate on car insurance if you buy a life insurance policy as well.
  • Senior Citizen Rates – Drivers that qualify as senior citizens could receive lower premium rates for GS 300 insurance.
  • Passenger Safety Discount – Cars that have air bags and/or automatic seat belt systems could see savings of up to 25% or more.
  • Multiple Cars – Buying coverage for all your vehicles on the same car insurance policy could earn a price break for each car.
  • Federal Government Employee – Active or former government employment may reduce rates when you quote insurance coverage for GS 300 insurance depending on your car insurance provider.

As a disclaimer on discounts, most of the big mark downs will not be given the the whole policy. The majority will only reduce specific coverage prices like liability and collision coverage. So when it seems like it’s possible to get free car insurance, company stockholders wouldn’t be very happy.

Companies and their possible discounts are included below.

  • The Hartford may include discounts for air bag, vehicle fuel type, anti-theft, bundle, driver training, defensive driver, and good student.
  • American Family includes discounts for mySafetyValet, bundled insurance, good student, air bags, good driver, and early bird.
  • Progressive offers discounts for online signing, continuous coverage, multi-vehicle, multi-policy, homeowner, online quote discount, and good student.
  • Travelers may offer discounts for good student, home ownership, driver training, continuous insurance, IntelliDrive, multi-policy, and new car.
  • Farmers Insurance has savings for switch companies, pay in full, multi-car, youthful driver, business and professional, and mature driver.
  • USAA discounts include loyalty savings, multi-policy, family discount, new vehicle, vehicle storage, driver training, and safe driver.
  • Liberty Mutual may have discounts that include newly retired, newly married, good student, safety features, new vehicle discount, teen driver discount, and preferred payment discount.

When getting a coverage quote, ask every insurance company which discounts you qualify for. Some of the earlier mentioned discounts might not be available to policyholders in your area. To see car insurance companies with the best car insurance discounts, click this link.

There’s no such thing as the perfect insurance coverage policy

When buying coverage, there really is no “best” method to buy coverage. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that might point out if your insurance needs might need professional guidance.

  • Is my nanny covered when driving my vehicle?
  • Do I have coverage when making deliveries for my home business?
  • Where can I find high-risk insurance?
  • Is my Lexus GS 300 covered if I use it for business?
  • What happens if I owe more than my 1996 Lexus GS 300 is worth?
  • Is my camper covered by my car insurance policy?
  • How much liability insurance is required?
  • What vehicles should carry emergency assistance coverage?
  • What if I don’t agree with a claim settlement offer?
  • Am I covered when driving a rental car?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Auto insurance coverage information

Understanding the coverages of your insurance policy aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring. These are typical coverages available from insurance companies.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Lexus GS 300.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive protection

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as fire damage, a tree branch falling on your vehicle, hitting a deer, a broken windshield and hail damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for bills like ambulance fees, doctor visits and funeral costs. They are utilized in addition to your health insurance policy or if you do not have health coverage. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverage

This covers damage to your GS 300 from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like backing into a parked car, crashing into a building, colliding with another moving vehicle and hitting a mailbox. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Liability coverage

This will cover damages or injuries you inflict on other people or property in an accident. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims like medical expenses, emergency aid and court costs. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Have money to burn

In this article, we presented many tips how you can shop for 1996 Lexus GS 300 insurance online. The most important thing to understand is the more you quote insurance coverage, the better your chances of lowering your rates. Consumers may even find the lowest prices come from a lesser-known regional company. Some small companies can often provide lower rates in certain areas as compared to the big name companies such as Allstate and Progressive.

When you buy insurance coverage online, you should never reduce needed coverages to save money. There are many occasions where an insured cut liability coverage limits only to discover later that it was a big mistake. Your objective should be to get the best coverage possible for the lowest price, not the least amount of coverage.

More information is available on the following sites:

Comments About 1996 Lexus GS 300 Insurance

  1. Alda Cobb

    If you have a good history and live around Eugene, OR, check out State Farm. You might get cheaper rates. Left State Farm to switch. I have kids on my policy, too. Did it all online. Just liability coverage since it’s getting old.

  2. Amie Sherman

    Hope my rates come down. I live just outside Manchester, NH. Not sure of all the companies but I ended up saving about $20 each month.

  3. Miyoko Golden

    I went with GEICO at renewal. Best rates in Philadelphia, PA. Left Mercury to switch. Thankfully I’m not a high risk driver. Just waiting to see how claims go. Anyone else drop full coverage?

  4. Jasmine Fowler

    I compared a lot of rate quotes for a 1996 Lexus GS 300 in Portland, ME. Ended up at darn near $70 every six months with American Family. Left Hartford to switch. Bought it from an online quote.

  5. Despina Hubbard

    Does GEICO insure after a DUI?