1998 Lexus GS 400 Insurance Cost

Finding low-cost insurance online may at first seem to be impossible for vehicle owners who are new to price shopping over the internet. With so many insurance agents and companies, how can anyone possibly compare them all to find the cheapest price possible?

Educated choices result in lower insurance rates

When buying insurance it’s important to understand a few of the rating criteria that play a part in calculating your insurance rates. When you know what positively or negatively controls the rates you pay, this enables informed choices that could result in lower insurance prices. Lots of factors are considered when premium rates are determined. Some of the criteria are obvious such as your driving record, but other factors are more transparent like where you live or how safe your car is.

The factors shown below are some of the most rate-impacting factors insurance companies consider when setting prices.

• Occupation reflects on prices – Did you know your career choice can influence rates? Occupational choices like military generalsair traffic controllers and financial analysts generally have higher average rates in part from job stress and extremely grueling work hours. Other professions such as scientists, engineers and performers have the lowest average rates for GS 400 insurance.
• Optional features impact premiums – Owning a car with advanced anti-theft systems can help lower your premiums. Systems that thwart theives such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent vehicle theft.
• Rates for males may be higher – Statistics demonstrate females are less aggressive when driving. This data doesn’t prove that men are WORSE drivers than women. They both get in auto accidents in similar numbers, but guys have costlier accidents. Not only that, but men also get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly. Young males are the most expensive to insure so they pay the highest premiums.
• Your liability limits – The liability coverage on your policy is the protection if ever you are determined to be liable for causing damage or personal injury in an accident. Liability insurance provides legal defense to attempt to prove you were not liable. Liability is cheap compared to other policy coverages, so insureds should have plenty of protection for their assets.

Car insurance policy discounts you can’t miss

The cost of insuring your cars can be expensive, but you might be missing out on some discounts that you may not know about. Certain credits will be shown at the time of quoting, but lesser-known reductions have to be specially asked for before being credited. If you don’t get every credit you deserve, you may be paying too high a price.

• Auto/Home Discount – When you have multiple policies and place coverage with the same company you may earn 10% to 20% off each policy.
• Homeowners Discount – Owning a house may earn you a small savings because owning a home requires a higher level of personal finance.
• Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems may qualify for discounts of more than 20%.
• Mature Driver Discount – Drivers that qualify as senior citizens could receive a small decrease in premiums for GS 400 insurance.
• Professional Organizations – Joining certain professional organizations could qualify you for a break on your bill.
• Early Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can avoid the installment charge.
• Low Mileage – Driving less can earn lower prices on the low mileage vehicles.

Don’t be shocked that some credits don’t apply to the entire policy premium. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. If you do the math and it seems like you can get free auto insurance, it doesn’t quite work that way.

Companies and a selection of discounts can be read below.

• 21st Century includes discounts for 55 and older, theft prevention, homeowners, good student, anti-lock brakes, and teen driver.
• Progressive discounts include online signing, multi-policy, good student, multi-vehicle, homeowner, and continuous coverage.
• State Farm has discounts for accident-free, defensive driving training, safe vehicle, Drive Safe & Save, good driver, and passive restraint.
• Nationwide offers premium reductions for family plan, multi-policy, anti-theft, accident-free, easy pay, and business or organization.
• Esurance policyholders can earn discounts including defensive driver, multi-car, anti-theft, multi-policy, online quote, emergency road assistance, and DriveSense.
• The Hartford may include discounts for driver training, good student, bundle, air bag, anti-theft, defensive driver, and vehicle fuel type.

Check with every company which discounts you qualify for. Savings may not be offered in your area. To see car insurance companies that have a full spectrum of discounts, click here.

Insurance agents can help

When choosing coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions may help highlight whether you may require specific advice.

• Am I covered if hit by an uninsured driver?
• Exactly who is provided coverage by my policy?
• Is my nanny covered when driving my vehicle?
• Are rock chip repairs covered?
• Do I need an umbrella policy?
• Does my policy cover my teen driver if they drive my company car?

If you’re not sure about those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance policy coverages for a 1998 Lexus GS 400

Knowing the specifics of your policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Collision coverages – Collision insurance pays for damage to your GS 400 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as driving through your garage door, sideswiping another vehicle, hitting a parking meter and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to get cheaper collision coverage.

Comprehensive insurance – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like damage from flooding, hitting a deer, fire damage, rock chips in glass and vandalism. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, 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.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for expenses such as EMT expenses, dental work, chiropractic care, nursing services and rehabilitation expenses. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Liability car insurance – This protects you from damages or injuries you inflict on other’s property or people. It protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things such as medical expenses, attorney fees, court costs, medical services and funeral expenses. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Don’t break the bank

We just presented a lot of techniques to lower your 1998 Lexus GS 400 insurance car insurance rates. The key thing to remember is the more companies you get premium rates for, the better likelihood of getting cheaper auto insurance. You may even discover the best car insurance rates are with a small local company.

Affordable 1998 Lexus GS 400 insurance is definitely available online and also from your neighborhood agents, so you need to shop auto insurance with both in order to have the best price selection to choose from. There are still a few companies who may not have rate quotes online and these small insurance companies only sell through independent agencies.

Drivers leave their current company for many reasons like being labeled a high risk driver, delays in paying claims, lack of trust in their agent or policy non-renewal. No matter why you want to switch, finding the right insurance coverage provider can be easier than you think.

Helpful articles

• Safe Vehicles for Teens (iihs.org)
• Insurance Losses by Make and Model (iihs.org)
• Teen Driving Statistics (Geico)
• What to do at the Scene of an Accident (Insurance Information Insitute)
• Help Your Teen Be a Better Driver (State Farm)
• What is Gap Insurance? (Insurance Information Insitute)