2000 Lexus GS 300 Car Insurance Cost – 10 Tips for Cheaper Prices

Want the cheapest insurance rates for your Lexus GS 300? Tired of not being able to scrape enough together to make your insurance payment? You are no different than most other drivers.

Big companies like Allstate and Progressive promote their brand names with advertising and it can be hard to ignore the flashy ads and find the best price available.

If you currently have car insurance, you will be able to lower your premiums substantially using these methods. Buying car insurance is not rocket science. Nevertheless, drivers can benefit by having an understanding of how the larger insurance companies market on the web.

Earn discounts on insurance

Insurance is easily one of your largest bills, but discounts can save money and there are some available that can help lower your rates. A few discounts will automatically apply at the time of quoting, but some discounts are required to be manually applied in order for you to get them. If you don’t get every credit you qualify for, you’re just leaving money on the table.

• Low Mileage – Maintaining low annual mileage may enable drivers to earn lower insurancerates due to less chance of an accident.
• Theft Deterent System – Vehicles that have factory alarm systems and tracking devices help deter theft and will qualify for a discount on a car insurance quote.
• Safety Restraint Discount – Using a seat belt and requiring all passengers to buckle up can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
• Sign Early and Save – A few larger companies allow discounts for switching policies prior to your current policy expiring. You may see this discount when you get car insurance quotes online.
• Good Driver Discounts – Drivers without accidents can pay as much as 50% less for GS 300 insurance compared to accident prone drivers.
• Air Bag Discount – Cars that have air bags or automatic seat belts may qualify for discounts of 20% or more.
• Full Payment Discount – By paying your policy upfront instead of paying each month you can avoid the installment charge.
• Discounts for Multiple Vehicles – Purchasing coverage when you have all your vehicles with the same insurance company can get a discount for every vehicle.
• Braking Control Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes have fewer accidents and the ABS can save up to 10%.
• Good Grades Discount – A discount for being a good student may save you up to 25%. Most companies allow this discount up until you turn 25.

One last thing about discounts, some credits don’t apply to all coverage premiums. Most cut the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that you can get free auto insurance, companies don’t profit that way. Any qualifying discounts will definitely reduce the premium cost.

The best insurance companies and their possible discounts can be read below.

• State Farm offers discounts including multiple autos, Drive Safe & Save, student away at school, multiple policy, good student, and passive restraint.
• Geico has savings for multi-vehicle, military active duty, daytime running lights, membership and employees, emergency military deployment, five-year accident-free, and good student.
• Liberty Mutual includes discounts for newly married, hybrid vehicle, safety features, good student, and preferred payment discount.
• The Hartford offers premium reductions for vehicle fuel type, defensive driver, driver training, good student, anti-theft, and air bag.
• MetLife may have discounts that include multi-policy, good student, accident-free, good driver, claim-free, and defensive driver.
• Progressive discounts include multi-vehicle, multi-policy, homeowner, online signing, online quote discount, good student, and continuous coverage.

It’s a good idea to ask each company which discounts can lower your rates. Some of the discounts discussed earlier may not be available in your area. To view insurers that can offer you the previously mentioned discounts, click here.

Big brands don’t always mean big savings

Companies like 21st Century, Allstate and State Farm continually stream television and radio advertisements. They all make the point about saving some big amount if you just switch your car insurance coverage to their company. How is it possible that every company can cost less than your current company? This is the trick they use.

Companies provide the lowest rates for the type of driver that earns them a profit. An example of this type of insured may need to be a female over age 40, has other policies, and the vehicle is rated for pleasure use. Any new insured who matches those parameters will get very good prices and most likely will cut their rates substantially.

Potential customers who do not meet these standards may receive higher premium rates with the end result being business going elsewhere. Company advertisements say “customers that switch” not “all people who quote” save that much money. That’s the way insurance companies can confidently state the savings.

That is why you should get as many free car insurance quotes as possible. It is impossible to guess the company that will be your best fit.

Tailor your auto insurance coverage to you

When buying the right insurance coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might point out whether you could use an agent’s help.

• Do I need higher collision deductibles?
• Am I covered if I hit my neighbor’s mailbox?
• When should I remove comp and collision on my 2000 Lexus GS 300?
• Should I waive the damage coverage when renting a car?
• Do I need motorclub coverage?
• Will filing a claim cost me more?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Auto insurance coverages and their meanings

Learning about specific coverages of auto insurance helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. These are the normal coverages found on most auto insurance policies.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, fire damage and damage from a tornado or hurricane. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverage

Liability coverage can cover damage or injury you incur to people or other property in an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims such as pain and suffering, repair costs for stationary objects and structural damage. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Medical expense coverage

Med pay and PIP coverage provide coverage for bills for hospital visits, EMT expenses, ambulance fees, pain medications and rehabilitation expenses. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Collision coverage protection

This pays for damage to your GS 300 caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like hitting a parking meter, hitting a mailbox, damaging your car on a curb and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also increase the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Lexus GS 300.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these limits are similar to your liability insurance amounts.

Quote more. Save more.

We’ve covered a lot of information how to shop for 2000 Lexus GS 300 insurance online. The most important thing to understand is the more companies you get rates for, the better chance you’ll have of finding affordable car insurance. You may even discover the best prices are with a small local company. Regional companies may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate and Progressive.

Some insurance coverage companies do not offer the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agencies. Lower-priced insurance coverage can be purchased from both online companies and from local agencies, so you should be comparing quotes from both in order to have the best price selection to choose from.

Much more information about insurance coverage is available below:

• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• Should I Buy a New or Used Car? (Allstate)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Airbag FAQ (iihs.org)
• Eight Auto Insurance Myths (Insurance Information Insitute)