Compare 1999 Lexus GS 400 Insurance Rates

Pretty sure you bought high-priced car insurance? Trust us, you’re not the only one.

Companies like State Farm and Geico promote their brand names with catchy ads and consumers find it hard to see through the deception and find the best price available.

If you are paying for car insurance now, you should be able to cut costs considerably using these tips. Finding affordable coverage is quite easy. Nevertheless, consumers must comprehend the way companies price online insurance and take advantage of how the system works.

Which car insurance is cheapest?

Comparing car insurance rates is a ton of work if you don’t understand the best way to get rate quotes. You can spend your afternoon talking about coverages with local insurance agents in your area, or you could save time and use online quoting to get rates in a matter of minutes.

Many popular insurance companies are enrolled in a marketplace that enables customers to submit one quote, and each participating company then gives them pricing based on the submitted data. This prevents consumers from doing form submissions for each company you want a rate for. To submit your quote information now, click here to open in new window.

The one downside to pricing coverage this way is you don’t know exactly which providers you will receive quotes from. So if you want to select specific providers to compare, we have a page of car insurance companies in your area. View list of insurance companies.

Which method you use is up to you, but try to use identical coverages and limits for each comparison quote. If your comparisons have different data it’s not possible to truly determine the lowest rate. Quoting even small variations in limits could mean much higher rates. It’s important to know that comparing a wide range of rates increases the change that you will find a better price.

Tricks in insurance advertising

Well-known insurance companies like Progressive, Geico, Allstate and State Farm regularly use television and radio advertisements. All the companies make an identical promise that you can save if you get a free insurance quote and switch to them. How is it plausible that every one can cost less than your current company? Here is the trick they use.

Insurance providers have a certain “appetite” for the type of customer that earns them the most money. For instance, this type of insured may be between the ages of 30 and 45, has never had a policy lapse, and has a short commute. A driver that matches those criteria will probably get the lowest premium rates and most likely will save quite a bit of money when switching.

Potential insureds who do not match these standards will see a higher premium and this results in the customer not purchasing. If you pay close attention to the ads, they say “drivers that switch” but not “everyone who gets a quote” save that much. That’s why companies can truthfully lure you into getting a quote. Because every company is different, it is so important to get as many free insurance quotes as possible. It’s just not possible to know which insurance companies will have the best premium rates.

Find lower-cost insurance with these tips

Many things are used when pricing auto insurance. Some of the criteria are obvious such as your driving history, but some are not as apparent like your vehicle usage or how financially stable you are.

Listed below are a few of the things utilized by car insurance companies to help set your premiums.

• Infrequent drivers can save – The more miles you rack up on your Lexus in a year’s time the higher your rate. A lot of companies apply a rate based on how the vehicle is used. Cars that do not get driven very much qualify for better rates compared to those used for work or business. Double check that your insurance policy reflects how each vehicle is driven. Having the wrong rating on your GS 400 is throwing money out the window.
• Deter vehicle theft – Choosing to buy a car with a theft deterrent system can help lower your premiums. Systems that thwart theives such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping your vehicle from being stolen.
• Lower premiums for vehicles with better crash test results – Safer cars tend to have lower insurance rates. These vehicles help reduce the chance of injuries in an accident and any reduction in injury severity means lower claim amounts and thus lower rates. If your Lexus is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
• Bad credit will cost you – Credit history factor in determining your rates. Therefore, if your credit can use some improvement, you could pay less to insure your 1999 Lexus GS 400 if you improve your credit rating. Insureds that have excellent credit scores tend to file fewer claims and have better driving records than drivers with lower ratings.
• Teenagers are high risk – More mature drivers are more responsible, tend to file fewer claims and receive fewer citations.Beginning drivers tend to be inattentive and easily distracted behind the wheel so they pay higher insurance rates.
• Don’t abuse claims – If you file a lot of claims you can pretty much guarantee higher premiums or even policy non-renewal. Companies award lower rates to people who do not rely on their insurance for small claims. Your insurance policy is intended for claims that you cannot pay yourself.
• Low coverage deductibles cost more – Coverage for physical damage, aka comp and collision, covers damage that occurs to your Lexus. Some coverage claims are a broken side mirror, hitting a deer, or theft. Physical damage deductibles define how much you are willing to pay if a covered claim is submitted. The more expense the insured is willing to pay, the bigger discount you will receive on GS 400 insurance.
• Defend yourself with liability protection – A critical coverage on your policy, liability insurance will afford coverage if a jury decides you are liable for personal injury or accident damage. It will provide legal defense to defend your case. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Insurance coverage discounts are available to reduce your rates

Not too many consumers would say insurance coverage is affordable, but you may find discounts that may help make it more affordable. Many of these discounts will be applied automatically when you get a quote, but a few must be inquired about before you get the savings.

• Payment Method – If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
• Life Insurance Discount – If the company offers life insurance, you could get a lower rate if you buy a life policy as well.
• Save with More Vehicles Insured – Insuring multiple cars or trucks with the same insurance coverage company can reduce the rates for all insured vehicles.
• Own a Home – Being a homeowner can help you save on insurance coverage due to the fact that maintaining a home requires personal responsibility.
• Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. Most companies allow this discount until age 25.
• Discount for Swiching Early – Some larger companies provide a discount for renewing your policy before your current expiration date. You could save around 10% when you buy insurance online.
• Save over 55 – Drivers that qualify as senior citizens may receive a slight reduction on a insurance quote on GS 400 insurance.
• Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts may earn rate discounts up to 30%.
• Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates on GS 400 insurance compared to accident prone drivers.

One last thing about discounts, some of the credits will not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comp or med pay. Despite the appearance that having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

To choose providers that offer discounts, click here to view.

Everyone needs different insurance coverage coverages

When buying adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions might help in determining if your insurance needs could use an agent’s help.

• Am I covered by my spouse’s policy after a separation?
• Can I still get insurance after a DUI?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• What discounts do I qualify for?
• Do I need higher collision deductibles?
• When should I drop full coverage on my 1999 Lexus GS 400?
• Why does it cost so much to insure a teen driver?
• What are the best liability limits?
• Do I have newly-aquired coverage?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Educate yourself about car insurance coverages

Learning about specific coverages of your policy can help you determine the best coverages for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. These are typical coverage types available from car insurance companies.

Collision protection

This will pay to fix damage to your GS 400 caused by collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with another moving vehicle, hitting a parking meter and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible to save money on collision insurance.

Auto liability insurance

Liability insurance will cover damage or injury you incur to other people or property in an accident. This coverage protects you against other people’s claims. 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 commonly see liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims such as bail bonds, attorney fees, loss of income, court costs and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

UM/UIM Coverage

This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus GS 400.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for expenses like rehabilitation expenses, pain medications and dental work. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as rock chips in glass, hail damage, damage from getting keyed, hitting a bird and damage from a tornado or hurricane. The most a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Never pay more for less

Cheaper 1999 Lexus GS 400 insurance can be bought both online as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies don’t offer rates over the internet and most of the time these regional carriers sell through local independent agencies.

When searching for low cost insurance quotes, it’s not a good idea to reduce needed coverages to save money. In many instances, an insured cut liability coverage limits and found out when filing a claim that the few dollars in savings costed them thousands. Your goal is to buy the best coverage you can find at a price you can afford and still be able to protect your assets.

Additional information can be found on the following sites:

• Rollover Crash FAQ (iihs.org)
• Your Car has been Stolen: Now What? (Allstate)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Teen Driving Statistics (Geico)