Cheaper 1998 Lexus GS 300 Car Insurance Quotes

Want cheaper insurance coverage rates for your Lexus GS 300? There isn’t anyone who looks forward to paying for insurance coverage, in particular when the cost is way too high.

Many car insurance companies compete to insure your vehicles, so it can be very hard to choose a insurer to get the lowest rate

It’s a great practice to compare rates at least once a year because insurance prices are adjusted regularly by insurance companies. Just because you had the best deal on GS 300 insurance six months ago you can probably find a better premium rate now. Forget all the misinformation about insurance coverage because you’re about to learn the best methods to get good coverage at a lower rate.

Lower rate quotes by earning discounts

Auto insurance companies do not list every discount very clearly, so here is a list some of the more common and the harder-to-find discounts that you can inquire about if you buy car insurance online.

• Good Student Discount – A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
• Paper-free Discount – A few larger companies provide a small discount for buying your policy on your computer.
• Anti-lock Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes are safer to drive so companies give up to a 10% discount.
• Lower Rates for Military – Being on active duty in the military could mean lower rates.
• Sign Early and Save – A few larger companies offer discounts for signing up before your current coverage expires. You could save around 10% when you buy car insurance online.
• No Claim Discounts – Claim-free drivers have much lower rates when compared to drivers with a long claim history.
• Senior Citizens – Drivers over the age of 55 can possibly qualify for a discount up to 10% on GS 300 insurance.
• Fewer Miles Equal More Savings – Low mileage vehicles could earn better rates on cars that stay parked.
• Payment Method – By paying your entire bill at once rather than paying monthly you may reduce your total bill.

You can save money using discounts, but most discount credits are not given to your bottom line cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like you could get a free car insurance policy, company stockholders wouldn’t be very happy.

Car insurance companies that may offer most of the discounts above possibly include:

• Geico
• MetLife
• Progressive
• Travelers
• SAFECO
• AAA

Before purchasing a policy, check with each insurance company what discounts are available to you. Some credits might not apply in your area. To see a list of providers offering car insurance discounts, click here.

The quickest method we recommend to get policy rate comparisons is to understand car insurance companies participate in online systems to provide you with free rate quotes. To get started, all you need to do is give the companies some data such as whether you drive to work or school, if a SR-22 is required, whether you are single or married, and daily mileage. Your rating data gets transmitted to multiple different insurance companies and they return quotes within a short period of time.

Insurance premium influencing factors

Lots of factors are part of the calculation when you get a price on insurance. Some are obvious such as traffic violations, although some other factors are less obvious such as your marital status or how financially stable you are.

The items below are some of the most common factors car insurance companies consider when setting your rates.

• Too many car insurance claims and you’ll pay more – Auto insurance companies generally give lower rates to insureds that do not abuse their auto insurance. If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Your car insurance is designed for larger claims.
• Extra coverages push up rates – Insurance companies have many optional add-on coverages that can waste your money when buying car insurance. Things like replacement cost coverage, towing, and extra equipment coverage could be just wasting money. These may sound like a good investment when talking to your agent, but if you don’t need them remove them and pocket the money.
• Liability protection – The liability section of your policy will protect you when you are responsible for personal injury or accident damage. Your liability coverage provides for a legal defense to defend your case. It is affordable coverage when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Married drivers pay lower prices – Your spouse actually saves money on your car insurance policy. It may mean you are more stable financially it has been statistically shown that married drivers tend to have fewer serious accidents.

Your auto insurance coverage should be tailored to you

When it comes to buying proper insurance coverage for your personal vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions could help you determine whether or not you might need an agent’s assistance.

• Where can I find DUI or SR-22 insurance?
• Am I covered if I drive in a foreign country?
• Are my tools covered if they get stolen from my vehicle?
• Why am I be forced to buy a membership to get insurance from some companies?
• Is my trailer covered?
• Am I covered when using my vehicle for business?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Save $385 a year. For real?

Big name companies like Allstate and Progressive seem to constantly run ads on television and other media. All the companies advertise the message that you’ll save big just by switching your policy. How does each company say the same thing? This is the way they can do it.

All companies are able to cherry pick for the right customer that will add to their bottom line. For instance, a profitable insured could be between the ages of 30 and 50, carries high limits, and drives a lower-performance vehicle. Any customer that matches those criteria will get the preferred rates and most likely will save quite a bit of money when switching.

Drivers who do not match this stringent profile may be forced to pay more expensive rates with the end result being the customer not purchasing. If you pay close attention to the ads, they say “people who switch” not “everybody who quotes” will save that much if they switch. That is how companies can truthfully lure you into getting a quote.

That is why you really need to get a wide range of price quotes. It is just not possible to predict with any certainty which company will have the lowest premium rates for your situation.

Auto insurance coverages 101

Understanding the coverages of your auto insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverage types offered by auto insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Liability coverage

Liability insurance will cover damage that occurs to people or other property. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like loss of income, pain and suffering, bail bonds, court costs and legal defense fees. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like X-ray expenses, chiropractic care, dental work, hospital visits and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision insurance pays for damage to your GS 300 resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as hitting a mailbox, crashing into a ditch, sustaining damage from a pot hole and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

This coverage covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like damage from a tornado or hurricane, vandalism, damage from flooding and theft. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Shop smart and save

As you shop your coverage around, never buy less coverage just to save a little money. Too many times, an insured dropped liability limits or collision coverage only to find out that it was a big error on their part. Your goal is to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.

In this article, we covered a lot of ways to lower your 1998 Lexus GS 300 insurance premium rates. The key concept to understand is the more price quotes you have, the better likelihood of getting low cost car insurance. You may even find the lowest priced auto insurance comes from a small mutual company. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, Geico and Nationwide.

To learn more, feel free to visit the following helpful articles:

• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Teen Driving and Texting (State Farm)
• Liability Insurance Coverage (Nationwide)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• Medical Payments Coverage (Liberty Mutual)