Save on 2016 Lexus GS 350 Insurance Quotes

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.

Which insurance coverage is cheapest?

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.

Why smart consumers pay less for Lexus GS 350 insurance

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.

• Poor credit decisions can cost you – An insured’s credit rating is a large factor in calculating your premium rate. Drivers who have very good credit scores tend to be better risks to insure than those with worse credit. If your credit rating could use some work, you could potentially save money when insuring your 2016 Lexus GS 350 if you improve your credit rating.
• Stay claim-free and lower prices – Car insurance companies provide the lowest premiums to drivers who do not file claims often. If you file claims often, you can pretty much guarantee much higher rates or policy non-renewal. Auto insurance is designed for major claims that would cause financial hardship.
• Bundle policies and save – The majority of insurance companies allow a discount for people that buy multiple policies. It’s known as a multi-policy discount. Discounts can be as much as ten percent or more If you currently are using one company, drivers will still want to compare other insurance prices to guarantee you are still saving the most.
• Vehicles with better crash test results are cheaper to insure – Vehicles with good safety scores tend to have lower insurance rates. Safe vehicles reduce the chance of injuries and fewer injuries means your insurance company pays less which can result in lower premiums.
• Bad drivers pay high rates – Your driving citation history can have a huge impact on auto insurance premiums. Only having one speeding ticket or other violation can bump up the cost to the point where it’s not affordable. Drivers with clean records pay less for auto insurance as compared to careless drivers. Drivers with license-revoking citations like DUI or willful reckless driving may find they need to submit a SR-22 or proof of financial responsibility with their state DMV in order to drive a vehicle legally.
• Does insurance coverage cost more for males? – Over the last 30 years, statistics show that women are safer drivers than men. The data does not necessarily mean that men are WORSE drivers than women. They both are in at-fault accidents at about the same rate, but the males get into accidents with more damage. Men also statistically have more aggressive citations such as DWI and reckless driving.

Verify you’re receiving every discount

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.

• Theft Deterent System – Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
• Savings for New Vehicles – Insuring a vehicle that is new can save up to 30% because newer models have to meet stringent safety requirements.
• Driving Data Discount – Drivers who elect to allow companies to track vehicle usage by using a telematics device like Allstate’s Drivewise might get better premium rates if they exhibit good driving behavior.
• Discounts for Multiple Vehicles – Buying insurance for all your vehicles on one policy could earn a price break for each car.
• Paperless Signup – A handful of companies may give you up to $50 for buying your policy online.

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.

• State Farm may offer discounts for Steer Clear safe driver discount, multiple autos, defensive driving training, good student, accident-free, and multiple policy.
• Nationwide offers discounts including accident-free, Farm Bureau membership, good student, easy pay, business or organization, and anti-theft.
• Geico offers premium reductions for federal employee, daytime running lights, military active duty, defensive driver, five-year accident-free, anti-theft, and multi-policy.
• AAA has discounts for pay-in-full, education and occupation, AAA membership discount, good driver, anti-theft, and multi-policy.
• 21st Century has savings for teen driver, air bags, defensive driver, student driver, anti-lock brakes, 55 and older, and homeowners.
• The Hartford offers discounts for bundle, driver training, vehicle fuel type, anti-theft, defensive driver, good student, and air bag.

Check with every prospective company what discounts are available to you. Savings may not be offered in your area.

When should I discuss my situation with an agent?

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.

• Should I have a commercial auto policy?
• Are my friends covered when driving my car?
• Do I need special endorsements for business use of my vehicle?
• Can I afford low physical damage deductibles?
• Is my vehicle covered by my employer’s policy when using it for work?
• Why am I required to buy high-risk coverage?
• Should I put collision coverage on all my vehicles?
• Does having multiple vehicles earn me a discount?

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.

What insurance coverages do you need?

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.

A fool and his money are soon parted

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:

• Neck Injury FAQ (iihs.org)
• Distracted Driving Statistics (Insurance Information Insitute)
• Keeping Children Safe in Crashes Video (iihs.org)
• Older Driver Statistics (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)