2014 Lexus GS 350 Car Insurance Rates – 9 Tips for Best Quotes

Nobody I know anticipates paying for insurance coverage, especially when they are aware that they could get a better deal.

Because you have many insurance coverage companies to choose from, it’s nearly impossible to locate a lower cost insurance coverage company.

More discounts mean cheaper premiums

Some insurers don’t necessarily list every discount very clearly, so the list below gives a summary of some of the more common and also the more inconspicuous savings tricks you should be using when you buy insurance coverage online. If you do not check that you are getting every discount available, you are paying more than you should be.

• Pay Early and Save – By paying your entire bill at once as opposed to paying monthly you may reduce your total bill.
• Discounts for Cautious Drivers – Drivers without accidents can save as much as half off their rates on GS 350 coverage than less cautious drivers.
• Paperless Signup – A few larger online companies will provide an incentive for buying a policy and signing up on their website.
• Multi-Vehicle Discounts – Insuring primary and secondary vehicles on one policy may reduce the rate for each vehicle.
• Drivers Education – Reduce the cost of insurance for teen drivers by having them take driver’s ed class if offered at their school.
• Early Switch Discount – Some insurance companies give discounts for buying a policy prior to your current policy expiration. You could save around 10% when you buy insurance coverage online.
• Mature Driver Discount – Mature drivers may qualify for reduced rates on GS 350 coverage.
• Employee of Federal Government – Federal government employees can save as much as 8% on GS 350 coverage with a few insurance coverage companies.
• Passive Restraints – Vehicles equipped with air bags can qualify for discounts up to 30%.

Don’t be surprised that most credits do not apply to the overall cost of the policy. A few only apply to individual premiums such as medical payments or collision. So when the math indicates it’s possible to get free car insurance, you aren’t that lucky.

Larger insurance coverage companies and a summarized list of policyholder discounts are detailed below.

• Farmers Insurance offers discounts for business and professional, switch companies, homeowner, pay in full, multi-car, early shopping, and good student.
• State Farm policyholders can earn discounts including Steer Clear safe driver discount, multiple policy, accident-free, defensive driving training, passive restraint, good student, and student away at school.
• Liberty Mutual may have discounts that include teen driver discount, multi-car, multi-policy, newly retired, and good student.
• MetLife may offer discounts for multi-policy, claim-free, accident-free, good driver, and good student.
• Progressive may include discounts for online quote discount, multi-vehicle, continuous coverage, good student, online signing, and homeowner.

When quoting, ask each company what discounts are available to you. Some of the earlier mentioned discounts may not apply to policyholders in your area. If you would like to see a list of insurance coverage companies who offer online insurance coverage quotes, click here.

It’s not one size fits all

When choosing adequate coverage for your vehicles, there really is no “best” method to buy coverage. Every situation is different so this has to be addressed. These are some specific questions can help discover whether your personal situation could use an agent’s help.

• At what point should I drop full coverage?
• How high should deductibles be on a 2014 Lexus GS 350?
• I have a DUI can I still get coverage?
• Do I have coverage when using my vehicle for my home business?
• Do I really need UM/UIM coverage?
• Do I need medical payments coverage since I have good health insurance?
• What is the minimum liability in my state?
• Am I covered if my car is in a flood?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Insurance specifics

Knowing the specifics of your policy helps when choosing the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverages found on most insurance policies.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus GS 350.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these coverages are similar to your liability insurance amounts.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for bills like prosthetic devices, rehabilitation expenses and pain medications. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage

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

Collision coverage protects against claims such as scraping a guard rail, damaging your car on a curb, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.

Comprehensive or Other Than Collision

This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as theft, damage from flooding and hitting a bird. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability

Liability insurance protects you from damage or injury you incur to other’s property or people that is your fault. It protects you from legal claims by others. Liability 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. Your policy might show limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like emergency aid, medical expenses and medical services. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Buy online or local, you save

We covered some good ideas how to shop for 2014 Lexus GS 350 insurance online. It’s most important to understand that the more quotes you get, the higher the chance of saving money. Consumers may even find the most savings is with some of the smallest insurance companies. Regional companies may often insure only within specific states and give getter rates than their larger competitors like Geico and State Farm.

Some companies may not provide price quotes online and many times these smaller companies only sell coverage through local independent agencies. The cheapest 2014 Lexus GS 350 insurance is attainable online as well as from insurance agents, so you need to compare both to have the best selection.

Additional information can be read at the links below

• Driving in Bad Weather (Insurance Information Insitute)
• Auto Insurance 101 (About.com)
• Vehicle Size and Weight FAQ (iihs.org)
• Top Signs Your Brakes are Giving Out (State Farm)
• Things to Know Before you Cancel Insurance (Allstate)