Cheaper 2010 Lexus GS 350 Insurance Rates

Are you regretting buying an underperforming, overpriced car insurance policy? Don’t feel bad because there are lots of residents who feel the same.

Big-name insurance companies like Allstate, Liberty Mutual and State Farm promote their brand names with catchy ads and it can be hard to sift through the bull and take the time to shop coverage around.

If you currently have a car insurance policy, you should be able to reduce your rates substantially using these methods. Finding affordable coverage is not that difficult. Nevertheless, car owners must understand how big insurance companies price online insurance and take advantage of how the system works.

Learn how to lower your insurance rates

It’s important that you understand some of the elements that are used to determine the rates you pay for auto insurance. If you have a feel for what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in big savings.

• Safer vehicles lower premiums – Cars with high safety ratings cost less to insure. Safe vehicles reduce injuries and lower rates of occupant injuries translates into savings for insurance companies and thus lower rates.
• Never have policy lapses – Driving without insurance is not a good idea and you may have a hard time finding new coverage because you let your insurance coverage expire. Not only will rates go up, the inability to provide proof of insurance could earn you a hefty fine and possibly a revoked license.
• Reserve policy claims for larger damages – If you tend to file frequent claims, you should expect higher premiums or even policy non-renewal. Car insurance companies provide most affordable rates to policyholders who do not rely on their insurance for small claims. Insurance coverage is intended for claims that pose a financial burden.
• Are you male or female? – Statistics show that women are safer drivers than men. It does not mean males are worse at driving than females. Men and women have accidents at about the same rate, but men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly.

How to compare auto insurance quotes

Most companies such as Allstate, Geico and Progressive allow consumers to get coverage price quotes online. Doing online quotes is fairly simple as you simply enter the coverages you want as detailed in the form. Once entered, their system will obtain information on your driving record and credit history and generates pricing information based on many factors. Being able to quote online makes comparing rates easy, but having to visit many different websites and type in the same information is a waste of time. Unfortunately, it is important to do this in order to find the lowest auto insurance rates.

Online rates the easy way

An easier way to get multiple rate quotes uses just one form to get prices from many companies. This type of form saves time, eliminates repetitive work, and makes quoting online a lot less work. As soon as the form is sent, it gets priced and you are able to buy your choice of the quotes that you receive.

If the quotes result in lower rates, you can simply submit the application and purchase coverage. This process only takes a few minutes and can result in significant savings.

In order to compare rates now, click here to open in a new tab and submit the form. If you currently have coverage, we recommend you input the insurance coverages as shown on your current policy. This guarantees you will have a fair comparison based on similar coverages.

The ad said I’d save $405 a year!

Allstate, Geico and Progressive consistently run ads in print and on television. They all seem to say the same thing about saving some big amount just by moving your policy. How is it plausible that every one can claim to save you money?

All companies have specific guidelines for the type of driver that will most likely be profitable. For instance, this type of insured might have to be between the ages of 40 and 55, has no claims, and insures a new vehicle. Any customer who matches that profile receive the lowest rate quotes and will most likely save a lot of money.

Potential insureds who are not a match for these criteria must pay a higher premium which leads to the customer buying from a different company. Company advertisements say “drivers who switch” not “all people who quote” save that much. That’s why companies can truthfully make those statements.

Because of the profiling, you really need to compare price quotes frequently. Because you never know the company that will provide you with the cheapest prices.

Insurance discounts help reduce rates

Car insurance companies do not list all their discounts in an easy-to-find place, so the following list contains both the well known as well as the least known discounts that you may qualify for.

• Drivers Education – Teen drivers should successfully complete driver’s ed class in high school.
• Driver Safety – Participating in a course in defensive driving could cut 5% off your bill and easily recoup the cost of the course.
• Anti-lock Brakes – Vehicles with ABS and/or traction control are safer to drive so you can save 10 percent or more.
• Paper-free Discount – A handful of larger companies will discount your bill up to fifty bucks just for signing your application digitally online.
• Accident-Free Discounts – Drivers who don’t have accidents are rewarded with significantly better rates on insurance coverage quote in comparison to drivers who are more careless.
• Buy New and Save – Buying insurance coverage on a new vehicle may earn a small discount because newer vehicles keep occupants safer.
• Payment Discounts – If paying your policy premium upfront instead of paying each month you can avoid monthly service charges.
• Sign Early and Save – A few insurance companies offer discounts for buying a policy prior to the expiration date on your current policy. This can save 10% or more.
• Accident Waiver – Not a discount per se, but a few companies such as Progressive, Allstate, and Liberty Mutual will allow you to have one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
• Bundled Policy Discount – When you have multiple policies with one company you may earn at least 10% off all policies.

You can save money using discounts, but some credits don’t apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. If you do the math and it seems like you could get a free insurance policy, companies don’t profit that way.

A partial list of companies that may include some of the above discounts possibly include:

• State Farm
• Geico
• Liberty Mutual
• The Hartford
• MetLife
• Progressive

When getting a coverage quote, ask each company to give you their best rates. Some of the discounts discussed earlier may not apply to policyholders in your area. If you would like to see a list of companies that offer the discounts shown above, follow this link.

Which is the best insurance coverage?

When choosing the right insurance coverage, there really is no “perfect” insurance plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that might point out if your situation could use an agent’s help.

• Which companies will insure high-risk drivers?
• Are my tools covered if they get stolen from my vehicle?
• Should I rate my 2010 Lexus GS 350 as pleasure use or commute?
• Can I drive in Mexico and have coverage?
• Do I have newly-aquired coverage?
• Am I covered when pulling a rental trailer?
• Is my 2010 Lexus GS 350 covered for flood damage?
• Is borrowed equipment or tools covered if stolen or damaged?
• What can I do if my company denied a claim?
• Am I covered when using my vehicle for business?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Parts of your insurance policy

Learning about specific coverages of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the usual coverages available from insurance companies.

Coverage for medical payments

Med pay and PIP coverage provide coverage for immediate expenses for things like ambulance fees, chiropractic care and dental work. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Lexus GS 350.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits do not exceed the liability coverage limits.

Auto liability

Liability insurance protects you from damage or injury you incur to other’s property or people in an accident. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like emergency aid, funeral expenses, pain and suffering, bail bonds and repair costs for stationary objects. How much coverage you buy is your choice, but buy higher limits if possible.

Comprehensive coverages

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like vandalism, a tree branch falling on your vehicle and hail damage. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Coverage for collisions

Collision insurance pays for damage to your GS 350 resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as colliding with a tree, rolling your car, driving through your garage door, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to raise the deductible to bring the cost down.

A penny earned…

While you’re price shopping online, make sure you don’t buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. The goal is to buy enough coverage at an affordable rate.

We covered a lot of ways to save on 2010 Lexus GS 350 insurance. The key thing to remember is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the lowest car insurance rates are with a smaller regional carrier. Smaller companies can often provide lower premium rates in certain areas as compared to the big name companies such as Geico and State Farm.

Even more information is available in these articles:

• Get the Right Protection (InsureUonline.org)
• Child Safety Seats (Insurance Information Insitute)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• Auto Insurance FAQ (Farmers Insurance)