Compare 2001 Lexus GS 300 Car Insurance Rates

Shoppers have lots of choices when shopping for affordable Lexus GS 300 insurance. They can either spend hours driving around getting price quotes or save time using the internet to find the lowest rates.

There are both good and bad ways to buy car insurance and we’ll show you the absolute fastest way to quote coverages for your Lexus and locate the lowest price either online or from local insurance agents.

Consumers need to quote other rates periodically since prices change regularly. If you had the lowest price for GS 300 coverage six months ago you may be paying too much now. You’ll find quite a bit of inaccurate information about car insurance on the web, but we’re going to give you the best ways to find cheap car insurance.

This article will help you learn how to get online quotes. If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods. Consumers just need to learn the most efficient way to shop their coverage around on the web.

How to buy auto insurance

There are a variety of methods you can shop for auto insurance but there is one way that is easier and takes less work. You could spend your day driving to insurance agencies in your area, or you could use online quotes to accomplish the same thing much quicker.

Most major companies participate in an industry program that enables customers to submit one quote, and at least one company then gives them pricing based on the submitted data. This system prevents you from having to do quotation requests for every auto insurance company.

To enter your information into the quoting system, click here to open in new window.

The only downside to doing it this way is buyers cannot specifically choose which companies you want to price. So if you want to select specific providers to receive pricing from, we have a page of the cheapest auto insurance companies in your area. View list of insurance companies.

Whichever way you choose to compare rates, try to use the exact same coverage limits and deductibles on every quote. If the quotes have higher or lower deductibles it will be next to impossible to make a fair rate comparison.

Save $424 a year! What?

Consumers can’t get away from all the ads that promise big savings by companies like Progressive, Allstate and Geico. They all convey the message about saving some big amount if you change your policy.

How can each company claim to save you money? Here is the trick they use.

Insurance providers give the cheapest rates for the type of driver that makes them money. A good example of a profitable insured might be over age 30, is a homeowner, and has great credit. Any new insured who meets those qualifications will get very good prices as well as cut their rates if they switch.

Insureds who may not quite match these standards will get higher rates and this can result in the customer buying from someone else. If you listen closely, the ads state “people who switch” not “all people who quote” save that much. That’s why companies can make those claims.

This illustrates why it is so important to get a wide range of price quotes. Because you cannot predict which company will give you the biggest savings.

Lower rate quotes with these discounts

Car insurance is not cheap, but companies offer discounts that many consumers don’t even know exist. Most are applied at the time you complete a quote, but less common discounts must be asked about in order for you to get them.

• Payment Method – If you can afford to pay the entire bill rather than spreading payments over time you may reduce your total bill.
• Distant College Student Discount – Children who live away from home to go to college and won’t have access to an insured vehicle may qualify for this discount.
• Good Student – Being a good student can get you a discount of up to 25%. You can use this discount normally up to age 25.
• Homeowners Discount – Owning your own home or condo can save you money due to the fact that maintaining a home means you have a higher level of financial diligence.
• Anti-lock Brake Discount – Cars, trucks, and SUVs with anti-lock braking systems prevent accidents and the ABS can save up to 10%.

One last thing about discounts, some credits don’t apply to your bottom line cost. Most only cut the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you can get free auto insurance, it’s just not the way it works.

For a list of insurers that offer multiple discounts, click here.

Insurance can be complex

When it comes to choosing proper insurance coverage for your vehicles, there really is no perfect coverage plan. Every insured’s situation is different.

These are some specific questions can help discover if you would benefit from an agent’s advice.

• Can I get a multi-policy discount for packaging my home and auto coverage?
• Do I need PIP (personal injury protection) coverage in my state?
• How do I file an SR-22 for a DUI in my state?
• Am I covered if I break a side mirror?
• Will I be non-renewed for getting a DUI or other conviction?
• Do I have coverage when using my vehicle for my home business?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Car insurance coverage information

Understanding the coverages of a car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for immediate expenses like hospital visits, X-ray expenses, prosthetic devices, pain medications and dental work. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like theft, rock chips in glass, damage from a tornado or hurricane, hitting a deer and a broken windshield. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability – Liability insurance will cover damage or injury you incur to other’s property or people that is your fault. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Alternatively, you may have a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims like loss of income, bail bonds, medical expenses, legal defense fees and funeral expenses. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Lexus GS 300.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision – Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as damaging your car on a curb, backing into a parked car, colliding with another moving vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Shop Smart and Save

We just showed you some good ideas how you can lower your 2001 Lexus GS 300 insurance prices. The key concept to understand is the more price quotes you have, the better likelihood of getting cheaper car insurance. You may even find the best price on car insurance is with the least-expected company.

The cheapest 2001 Lexus GS 300 insurance is definitely available both online and from local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who don’t offer internet price quotes and many times these small insurance companies prefer to sell through independent agencies.

While you’re price shopping online, make sure you don’t reduce needed coverages to save money. There have been many cases where an accident victim reduced physical damage coverage and learned later that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible for the lowest cost and still be able to protect your assets.

More articles

• Understanding Limits and Deductibles (Allstate)
• Property Damage Coverage (Liberty Mutual)
• Winter Driving (Insurance Information Insitute)
• Car Insurance: When not to Skimp (BankRate.com)