2011 Lexus GS 350 Insurance Rates – 10 Policy Discounts

Having to pay for overpriced auto insurance can bottom out your checking account, especially in this economy. Comparison shopping is an excellent way to ensure you are getting the best deal.

Vehicle owners have so many insurers to choose from, and although it’s a good thing to be able to choose, having more insurance companies makes it harder to find the best rates for your vehicles.

You need to check auto insurance prices periodically since insurance prices fluctuate regularly. Just because you found the lowest rate for GS 350 coverage two years ago you can probably find a better premium rate now. There is a lot of bad advice regarding auto insurance out there, but in this article, you’re going to get some of the best techniques to reduce your auto insurance bill.

Buying car insurance is not rocket science. If you have car insurance now, you will be able to save some money using these tips. Consumers only need an understanding of how to buy auto insurance online.

Ten discounts for cheap car insurance rates

The cost of insuring your cars can be expensive, but you may find discounts to help bring down the price. Certain credits will be shown at the time you complete a quote, but once in a while a discount must be specifically requested before you get the savings.

• Cautious Driver Discounts – Safe drivers may save up to 50% more for GS 350 coverage than drivers with accident claims.
• Discounts for Federal Employees – Being employed by or retired from a federal job can save as much as 8% for GS 350 coverage with certain companies.
• Low Mileage – Driving less could earn discounted prices on garaged vehicles.
• No Charge for an Accident – Not really a discount, but certain companies will let one accident slide without the usual rate increase if you are claim-free before the accident.
• Payment Discounts – By paying your policy upfront rather than paying monthly you may reduce your total bill.
• Air Bags and Passive Restraints – Vehicles equipped with air bags or automatic seat belts may qualify for discounts as much as 30%.
• Bundle and Save – When you have multiple policies with the same insurance company you may save as much as 10 to 15 percent.
• Anti-theft Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen and can earn a small discount on your policy.
• E-sign – Certain car insurance companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
• Organization Discounts – Having an affiliation with a qualifying organization can get you a small discount when shopping for car insurance.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Despite the appearance that you would end up receiving a 100% discount, companies wouldn’t make money that way.

If you would like to see a list of providers who offer online car insurance quotes, follow this link.

The easiest way to compare car insurance company rates is to realize most larger insurance companies have advanced systems to compare their rates. All consumers are required to do is take a few minutes to give details including whether or not you need a SR-22, whether you are married, deductibles desired, and your job. That rating information is submitted instantly to multiple top-rated companies and they return cost estimate quickly.

To compare rates now, click here and find out if lower rates are available.

Tailor your auto insurance coverage to you

When choosing adequate coverage for your vehicles, there really is no one size fits all plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions might help in determining if you might need professional guidance.

• Do I need medical payments coverage since I have good health insurance?
• Is other people’s property covered if stolen from my vehicle?
• Does insurance cover tools stolen from my truck?
• Do I really need UM/UIM coverage?
• How can I force my company to pay a claim?
• Which companies will insure high-risk drivers?
• Am I covered if I hit a deer?
• Am I covered when driving in Canada or Mexico?
• Are all vehicle passengers covered by medical payments coverage?
• Should I rate my 2011 Lexus GS 350 as pleasure use or commute?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverage savings promises

Consumers can’t escape the ads that promise big savings from the likes of Progressive, Geico, Allstate and State Farm. All the ads make the same claim that drivers can save some big amount if you just switch your policy.

How do they all give you a better price?

All the different companies have underwriting criteria for the type of customer that will not have excessive claims. One example of this type of risk profile may need to be over the age of 40, is a homeowner, and chooses high deductibles. Anyone that fits those parameters receive the lowest rate quotes and is almost guaranteed to save a lot if they switch.

People who do not meet these criteria will probably be forced to pay a higher premium and ends up with the customer buying from someone else. If you listen to the ad wording, they say “drivers that switch” not “all people who quote” will save that much if they switch. This is how insurance companies can confidently lure you into getting a quote. Because of this risk profiling, you absolutely need to compare price quotes frequently. It is impossible to guess which insurance companies will fit you best based on your risk profile.

Car insurance coverages and their meanings

Learning about specific coverages of car insurance helps when choosing which coverages you need and proper limits and deductibles. Car insurance terms can be confusing and reading a policy is terribly boring. Shown next are the normal coverages offered by car insurance companies.

Uninsured and underinsured coverage – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as damage to your Lexus GS 350.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Collision – Collision coverage will pay to fix damage to your GS 350 from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like backing into a parked car, hitting a parking meter, sustaining damage from a pot hole and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for liability – Liability coverage will cover damages or injuries you inflict on other people or property in an accident. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like funeral expenses, pain and suffering, legal defense fees and bail bonds. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for immediate expenses for things like nursing services, EMT expenses and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants as well as getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

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

Comprehensive coverage protects against things like hitting a bird, falling objects, hitting a deer, a broken windshield and hail damage. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

The bottom line

You just learned some good ideas how you can reduce 2011 Lexus GS 350 insurance prices online. It’s most important to understand that the more times you quote, the higher your chance of finding affordable insurance coverage. You may even find the most savings is with some of the lesser-known companies. They often have lower rates on specific markets than their larger competitors like State Farm and Allstate.

As you shop your coverage around, don’t be tempted to reduce needed coverages to save money. In many cases, drivers have reduced liability coverage limits only to regret they didn’t have enough coverage. Your goal should be to buy enough coverage at an affordable rate while not skimping on critical coverages.

For more information, feel free to browse the resources below:

• Learn About Car Insurance (Geico)
• Winter Driving (Insurance Information Insitute)
• Drunk Driving Statistics (Insurance Information Insitute)
• Shopping for a Safe Car (Insurance Information Insitute)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)