2002 Lexus GS 430 Insurance Rates – 7 Tips for Cheaper Quotes

Are you kicking yourself for buying an expensive insurance coverage policy? You’re preaching to the choir because many consumers feel financially strained by their insurance coverage policy.

Consumers have so many auto insurance companies to buy insurance from, and although it’s a good thing to have a choice, having more car insurance companies makes it harder to locate the cheapest rates.

It is always a good idea to compare rates once or twice a year because insurance rates fluctuate regularly. Just because you found the lowest rate on GS 430 coverage a year ago you may be paying too much now. Forget all the misinformation about insurance coverage because I’m going to let you in on the secrets to the right way to reduce your cost while improving coverage.

The best way we recommend to compare rates is to take advantage of the fact almost all companies will pay a fee to provide you with free rate quotes. All you need to do is spend a couple of minutes providing details such as the make and model of your vehicles, if your license is active, the ages of drivers, and any included safety features. That rating data gets transmitted to insurance companies and they provide comparison quotes instantly to find the best rate.

Reduce your insurance coverage rates with these seven discounts

Insuring your vehicles can cost a lot, but there’s a good chance there are discounts that you may not even know about. Most are applied at the time of purchase, but a few must be requested specifically in order for you to get them. If you do not double check each discount you deserve, it’s possible you qualify for a lower rate.

  • Anti-theft Discount – Anti-theft and alarm system equipped vehicles prevent vehicle theft and that can save you a little bit as well.
  • Driving Data Discount – Drivers who elect to allow their insurance company to analyze where and when they drive through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease if they show good driving skills.
  • Good Drivers – Insureds without accidents can get discounts for up to 45% lower rates on GS 430 coverage than less cautious drivers.
  • Anti-lock Brake System – Cars, trucks, and SUVs equipped with ABS or steering control prevent accidents and the ABS can save up to 10%.
  • Discount for Home Ownership – Just being a homeowner may earn you a small savings because of the fact that having a home requires personal responsibility.
  • Pay Now and Pay Less – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save up to 5%.
  • Discounts for Federal Employees – Active or former government employment can earn a discount up to 10% on GS 430 coverage with certain companies.

It’s important to note that most of the big mark downs will not be given to the entire cost. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, that’s just not realistic.

To see insurance companies that can offer you the previously mentioned discounts, click here to view.

You are unique and your auto insurance should be too

When buying proper insurance coverage for your vehicles, there is no single plan that fits everyone. Every insured’s situation is different and your policy should reflect that. These are some specific questions might help in determining whether or not you would benefit from an agent’s advice.

  • Am I getting all the discounts available?
  • Why do I only qualify for high-risk insurance?
  • Is business equipment covered while in my vehicle?
  • Is my ex-spouse still covered by my policy?
  • Does insurance cover tools stolen from my truck?
  • What if I total my 2002 Lexus GS 430 and owe more than it’s worth?
  • What is covered by UM/UIM coverage?
  • Why does it cost so much to insure a teen driver?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Car insurance coverages and their meanings

Learning about specific coverages of car insurance can help you determine the right coverages and the correct deductibles and limits. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. These are the usual coverages available from car insurance companies.

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from flooding, hitting a deer and falling objects. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like chiropractic care, prosthetic devices, surgery, dental work and rehabilitation expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto liability insurance

Liability coverage will cover damages or injuries you inflict on other’s property or people in an accident. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims such as emergency aid, repair costs for stationary objects, loss of income, medical services and structural damage. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Collision coverage protection

Collision coverage pays for damage to your GS 430 resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like colliding with a tree, backing into a parked car and driving through your garage door. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comments About 2002 Lexus GS 430 Insurance

  1. Illa Stuart

    Here’s what I found out. I live in Grand Rapids, MI. Compared quite a few companies. Saved about $20 a month. GEICO was the most affordable for me. I get multi-vehicle and multi-policy discounts. They have free quotes online. Book value doesn’t justify full coverage anymore.

  2. Lacy Whitehead

    Not sure what I should be paying. I’m just south of Portland, ME. Got quotes with GEICO, Auto-Owners, and some I forget for my Lexus and saved around $80 a year. Left The General to switch. I get lower rates because of my clean driving record. Just waiting to see how claims go.

  3. Emilia Sloan

    I live on the north side of Idaho Falls, ID. Got free quotes online for a 2002 Lexus GS 430. Ended up at about $100 savings annually. Went with State Farm. Left The General to switch. They have a lot of discounts available. I only have liability coverage on it.

  4. Son Dejesus

    I switched to State Farm. Quoted good rates in San Antonio, TX. Was with AAA. I think they have home insurance too. Not sure if rates are cheaper online or through an agent. When should I drop full coverage?

  5. Ayako Mccarthy

    Just my two cents. Checking in from Springfield, Missouri. Quoted prices from Travelers, American Family, The General, and MetLife for my GS 430 and I’m now saving $22 a month. Left USAA to switch. I’m a pretty low risk driver.

  6. Juanita Wilkinson

    Will GEICO be cheaper if I raise deductibles?

  7. Archie Oneill

    Like your site, BTW. Live in the western part of Mobile, AL. Quoted prices online for a 2002 Lexus GS 430. Ended up at about $120 savings annually. Went with 21st Century.

  8. Adrianne Camacho

    I’m in the suburbs of Rochester, MN. Got free quotes online for a 2002 Lexus GS 430. Ended up at about $100 savings annually. Went with State Farm. Was with GMAC. Not worth enough to pay for comprehensive and collision.

  9. Drew Obrien

    Will State Farm cancel me for an at-fault accident?

  10. Gregorio Phillips

    Live in the northern part of Cedar Rapids, Iowa. I quoted with GEICO, AIG Insurance, and Esurance for my GS 430 and saved $119 a year. Was with Western Auto Insurance. Thankfully I’m not a high risk driver. Anyone else drop full coverage?

  11. Tenisha Rollins

    I got decent rates for a 2002 Lexus GS 430 in Jacksonville, Florida. Ended up at roughly $100 every six months with AAA. Was with State Farm. Got better coverage too.

  12. Lashunda Carver

    I’m from Sioux Falls, South Dakota. Got rates from Sentry, Eastwood, Progressive, and AIG Insurance for my Lexus and I think I am saving around $30 each month. I have a teen driver too. Hardly afford to drive anymore. I dropped full coverage awhile back.

  13. Jaimie Shannon

    I’m in Warwick, Rhode Island, and State Farm rates were affordable. Left Allstate to switch. Got better coverage too. Not sure if rates are cheaper online or not.