Cheaper 2000 Lexus GS 400 Insurance Cost

Trying to find lower insurance rates for your Lexus GS 400? Have you fallen victim to an underperforming, overpriced insurance policy? It’s quite common and you’re not the only one. Consumers have so many auto insurance companies to choose from, and although it’s a good thing to have a selection, it makes it harder to compare company pricing.

It’s a good idea to shop coverage around before your next renewal because rates go up and down regularly. Even if you think you had the best premium rates on GS 400 coverage six months ago there is a good chance you can find better prices now. There is lot of inaccurate information about insurance online but in this article, you’re going to get a lot of great tips on how to reduce your insurance bill.

Get lower rates by taking advantage of discounts

Insurance is not inexpensive, but you might be missing out on some discounts that can help lower your rates. Most are applied when you quote, but a few must be asked about before being credited. If you aren’t receiving every discount possible, you’re just leaving money on the table.

  • Responsible Driver Discounts – Insureds who avoid accidents can pay as much as 50% less on GS 400 coverage compared to accident prone drivers.
  • Air Bags and Passive Restraints – Factory air bags or automatic seat belts can get savings of up to 25% or more.
  • Anti-theft Discount – Cars and trucks equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your insurance quote.
  • Payment Method – By making one initial payment as opposed to paying monthly you could save up to 5%.
  • One Accident Forgiven – This one isn’t a discount, but some insurance companies will turn a blind eye to one accident before hitting you with a surcharge if you are claim-free for a set time period.
  • Bundled Policy Discount – If you insure your home and vehicles with the same company you could earn a discount of up to 20% and get you cheaper insurance.
  • Low Miles Discount – Low mileage vehicles can earn better premium rates on cars that stay parked.
  • Own a Home – Just being a homeowner can earn you a little savings since owning and maintaining a home is proof that your finances are in order.

Discounts save money, but please remember that most discounts do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, that’s just not realistic.

Car insurance companies who may offer many of the previously listed discounts include:

If you are trying to find affordable insurance quotes, ask each company the best way to save money. Depending on the company, some discounts may not be offered in your area.

Lower your insurance rates

Many factors are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, although others are more obscure like your vehicle usage or your financial responsibility.A large part of saving on auto insurance is knowing some of the factors that help calculate your premiums. When you understand what determines premiums, this empowers consumers to make smart changes that can help you get cheaper rates.

The following are some of the most common factors companies use to determine premiums.

  • Do you have a tough job? – Did you know your occupation can influence how much you pay for auto insurance? Occupations such as lawyers, architects and medical professionals generally pay higher rates than average in part from intense work-related stress and incredibly demanding work hours. Conversely, careers like scientists, engineers and performers receive lower rates on GS 400 coverage.
  • Premiums increase with driving tickets – Getting just one speeding ticket or other violation may increase your cost by twenty percent. Attentive drivers have lower premiums than their less careful counterparts. Drivers who have received careless violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 form with their state DMV in order to prevent their license from being revoked.
  • Older drivers are lower risk – Beginning drivers are proven to be careless and easily distracted when driving with friends so auto insurance rates are higher. Adding a teenage driver onto your auto insurance can be very expensive. Older, more experienced drivers are shown to be more cautious, cause fewer claims and accidents and get fewer tickets.
  • How much liability protection – The liability section of your policy will protect you if you are found liable for personal injury or accident damage. Liability provides legal defense which can cost thousands of dollars. This coverage is relatively inexpensive compared to comp and collision, so drivers should carry high limits.
  • Cheaper rates after marriage – Being married may cut your premiums compared to being single. It means you’re more mature and responsible and it’s proven that married drivers tend to file fewer claims.

How much insurance coverage do I need?

When it comes to buying adequate coverage, there really is not a single plan that fits everyone. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that could help you determine if you might need professional guidance.

  • How many claims can I have before being cancelled?
  • Do I need motorclub coverage?
  • Is my camper covered by my car insurance policy?
  • Which companies will insure high-risk drivers?
  • Do I need added coverage for expensive stereo equipment?
  • Is my business laptop covered if it gets stolen from my vehicle?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance advertising gotchas

Consumers can’t avoid all the ads that promise big savings by 21st Century, Allstate and State Farm. All the companies tend to make the same promise that you can save after switching to them.

It sounds good, but how can they all give you a lower rate? It’s all in the words they use.

All the different companies have specific guidelines for the type of customer that earns them the most money. For example, a profitable risk profile could be between the ages of 30 and 50, has a clean driving record, and drives less than 5,000 miles a year. Anyone that fits those parameters will qualify for the lowest car insurance rates and will most likely save quite a bit of money when switching.

Insureds who cannot meet these criteria will probably have to pay higher premium rates and this results in the customer buying from someone else. Company advertisements say “drivers who switch” but not “everyone who gets a quote” can get the lowest rates when switching. That’s why companies can truthfully make claims like that. Different companies use different criteria so drivers should get price quotes at each policy renewal. It is just not possible to predict the company that will provide the lowest car insurance rates.

Car insurance 101

Knowing the specifics of your policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages found on most car insurance policies.

Auto liability insurance – Liability coverage protects you from damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

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. You might see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things such as loss of income, medical expenses and attorney fees. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for expenses for hospital visits, EMT expenses, surgery and rehabilitation expenses. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Comprehensive insurance – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hail damage, a tree branch falling on your vehicle and vandalism. The maximum payout your car 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 not worth carrying full coverage.

Collision – Collision insurance will pay to fix damage to your GS 400 from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as sideswiping another vehicle, scraping a guard rail, crashing into a building, backing into a parked car and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

The bottom line

You just learned a lot of techniques to save on 2000 Lexus GS 400 insurance. The key thing to remember is the more companies you get car insurance rates for, the better likelihood of getting cheaper insurance. Drivers may discover the biggest savings come from the smaller companies. Smaller companies can often provide lower car insurance rates in certain areas compared to the large companies like Geico and State Farm.

When you buy insurance online, do not skimp on critical coverages to save a buck or two. There are too many instances where an insured cut uninsured motorist or liability limits and learned later that the small savings ended up costing them much more. Your goal should be to buy a smart amount of coverage for the lowest cost while still protecting your assets.

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Comments About 2000 Lexus GS 400 Insurance

  1. Jackqueline Hendrix

    This is too expensive. From Seattle, WA. Went online for free insurance quotes for a 2000 Lexus GS 400. Ended up at about $110 savings annually. Went with 21st Century. Was with USAA. Full coverage costs too much.

  2. Deonna Mcmillan

    Does GEICO insure teenage drivers?

  3. Sachiko Walter

    Hope my car insurance gets cheaper. From Davenport, IA. Got quotes with The General, American Family, Safeco, and a couple others for my GS 400 and I think I saved around $30 each month. BTW speeding tickets are not good. I don’t put full coverage on it.

  4. Jeff Reese

    I found pretty cheap rate quotes for a 2000 Lexus GS 400 in Mesa, AZ. Ended up at about $80 every six months with Auto-Owners. I don’t insure for physical damage though.

  5. Silvia Salazar

    Compared auto insurance prices with Allstate and GEICO but still not cheap enough.

  6. Gisela Turner

    I was with Liberty Mutual last year but switched to 21st Century. From northwest of Warren, MI. Left Auto-Owners to switch. Even increased my liability limits. :P I only have liability coverage on it.

  7. Kaylee Battle

    I’m from Davenport, IA. I don’t recall every quote but I ended up saving about $30 each month. I have kids on my policy, too. Next renewal I’ll just do liability.

  8. Flor Nunez

    I’ve bought from State Farm forever. Cheapest rates in Eugene, OR.

  9. Elinor Frost

    Quoted with Western Auto Insurance for my 2000 Lexus GS 400 and saved about $90 a year. Even increased my liability limits. I only have liability coverage on it.

  10. Daniell Norris

    Just my two cents. I live on the west side of San Jose, CA. Quoted with 21st Century, AIG Insurance, Erie, and Liberty Mutual for my 2000 Lexus GS 400 and saved just over $60 a year. Anyone else drop full coverage?

  11. Twanna Beach

    From Boston, MA. Can’t remember who all I quoted but I ended up saving about $20 each month. Next renewal I’ll just do liability.

  12. Elfrieda Medina

    Anyone know of any company in Huntington, WV that will insure high risk drivers?