Searching for better auto insurance rates for your Lexus GS 350? Overpriced auto insurance can consume your personal savings and force you to make sacrifices. Doing a rate analysis can be a smart way to reduce premiums and put more money in your pocket.
Lots of car insurance companies contend for your hard-earned dollar, and it can be difficult to compare rates and get the definite lowest rate possible.
If you have insurance now or are just looking to switch companies, you can use this information to find the best rates and still get good coverage. Choosing the best insurance company for you is not that difficult. Consumers just need to understand the proper methods to shop for insurance coverage online.
Cutting your insurance coverage rates is actually easier than you may think. You just have to take time to get quotes to find out which insurance company has the cheapest car insurance quotes. Shoppers can get rates in several different ways.
The best way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This type of form saves time by eliminating a different quote for every insurance coverage company. A single, simple form gets coverage cost estimates from all major companies.
A more difficult way to compare rate quotes requires a visit to the website for each individual company to request a price quote. For sake of this example, we’ll pretend you need rates from Liberty Mutual, 21st Century and State Farm. To get each rate you have to visit each site to enter your coverage information, which explains why we recommend starting with the first method. To view a list of companies in your area, click here.
Compare rates however you want, just compare the exact same coverage limits with each company. If you are comparing different deductibles it’s impossible to make a fair comparison for your Lexus GS 350.
A large part of saving on insurance is knowing the rating factors that go into determining your insurance rates. When you know what positively or negatively determines premiums, this enables informed choices that can earn you much lower annual insurance costs.
The following are some of the factors used by companies to determine your rate level.
Car insurance companies don’t always publicize every available discount in an easy-to-find place, so the list below gives a summary of both well-publicized as well as some of the hidden ways to save on car insurance.
We need to note that some credits don’t apply to the entire cost. Most only cut the cost of specific coverages such as comp or med pay. Despite the appearance that adding up those discounts means a free policy, you’re out of luck.
Larger car insurance companies and some of the premium reductions they offer can be read below.
Check with every prospective company what discounts are available to you. Savings may not be offered in your area.
When it comes to choosing adequate coverage, there is no best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that might point out whether your personal situation may require specific advice.
If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area. It is quick, free and may give you better protection.
Learning about specific coverages of insurance aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverage types found on the average insurance policy.
Collision – This pays for damage to your GS 350 from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision can pay for things like scraping a guard rail, colliding with a tree, sustaining damage from a pot hole, colliding with another moving vehicle and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.
Coverage for uninsured or underinsured drivers – This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Lexus GS 350.
Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Coverage for medical expenses – Med pay and PIP coverage pay for short-term medical expenses for hospital visits, prosthetic devices and surgery. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay
Liability auto insurance – Liability insurance will cover injuries or damage you cause to people or other property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Some companies may use a combined limit that pays claims from the same limit rather than limiting it on a per person basis.
Liability can pay for claims such as loss of income, court costs and emergency aid. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage pays for things such as a broken windshield, theft, falling objects and hitting a bird. The most your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
When shopping online for insurance, do not buy less coverage just to save a little money. There are too many instances where an accident victim reduced physical damage coverage only to find out that it was a big error on their part. The ultimate goal is to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.
We’ve covered a lot of ways to save on 2016 Lexus GS 350 insurance. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. Drivers may discover the lowest car insurance rates come from a small local company. They often have lower premium rates on specific markets than their larger competitors like Allstate and Progressive.
Additional insurance information can be read at these links:
Anyone understand their policy?
Compared rates with State Farm and Amica but still pricey.
Got a quote with Allstate for my GS 350 and am saving around $530 a year. Left Western Auto Insurance to switch. Ask about discounts. LOL
Liked the article. Live in Mobile, AL. Got quotes from Amica, Mercury, and some smaller one I can’t remember the name of for my Lexus and saved around $550 a year. Hopefully won’t need it.
Found cheapest coverage with Amica for my 2016 Lexus GS 350 and saved around $210 a year. Moved home policy as well.
Cheap is relative. Quoted with Western Auto Insurance for my Lexus and saved about $360 a year. Left Farmers to switch. BTW speeding tickets are not good.
I live just to the east of Hilo, HI. Don’t remember every company but I ended up saving about $40 each month. My new agent seems to be really good.
Nice info. I live west of Baton Rouge, Louisiana. I quoted with Amica, Erie, and Safeco for my 2016 Lexus GS 350 and I think I cut my rates about $70 each month. Insured with Eastwood before.
Cheap is not always the best policy. Located in Baton Rouge, LA. Got prices from USAA, AIG Insurance, Hartford, and Nationwide for my Lexus and I think I saved about $70 each month.
I found pretty cheap rate quotes for a 2016 Lexus GS 350 in Springfield, MO. Ended up at about $120 every six months with Amica.
Here’s my quote info. I live just outside Boston, MA. Got free quotes online for a 2016 Lexus GS 350. Ended up at about $180 savings annually. Went with State Farm. I got a quote from their website.
Great site. Live in Rapid City, SD. I don’t recall every quote but I ended up saving about $50 each month.