Compare 2016 Lexus GS 350 Insurance Quotes

Overpriced Lexus GS 350 insurance can stress out your monthly budget and possibly require postponing other expenditures. Comparison shopping can lower your rates and help to lower your bills every month.

Popular companies such as State Farm, Farmers Insurance, Geico and Allstate all claim big savings, bombarding you with catchy ads and it is difficult to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

If you currently have car insurance, you will be able to save some money using these methods. Finding affordable coverage is easy if you know what you’re doing. Although car owners do need to know how insurance companies determine prices and use this information to your advantage.

The method we recommend to compare car insurance company rates is to know the trick most of the bigger providers have advanced systems to give you rate quotes. To start a quote, the only thing you need to do is give them some information like whether the vehicles are used for commuting, if you have a valid license, whether you have decent credit, and coverage limits. Your details gets sent immediately to all major companies and they provide comparison quotes almost instantly.

Why your insurance premiums might be higher

Lots of factors are considered when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, but other factors are less apparent such as whether you are married or how financially stable you are.

The list below includes some of the factors used by companies to determine rates.

• High credit rating translates to low costs – Your credit history can be an important factor in determining your rates. Therefore, if your credit history leaves room for improvement, you could pay less to insure your 2016 Lexus GS 350 by improving your rating. People with very good credit scores tend to file fewer claims and have better driving records than drivers who have lower ratings.
• Do thieves like your car? – Choosing a vehicle with an alarm system can save you a little every year. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop car theft.
• Save by driving less – The more you drive your Lexus every year the more you’ll pay to insure it. Many insurance companies calculate prices based on their usage. Cars left parked in the garage get more affordable rates than those used for commuting. Ask your agent if your declarations sheet shows the proper vehicle usage. An improperly rated GS 350 can cost quite a bit.
• Lower physical damage deductibles cost more – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your Lexus. Examples of some claims that would be covered would be collision with another vehicle, flood damage, and windstorm damage. Deductibles for physical damage define the amount the insured will be required to pay before a claim is paid by your company. The more damage repair cost you pay before a claim is paid (deductible), the less your insurance coverage will be for GS 350 coverage.
• Prices increase with policy add-ons – There are a ton of additional extra coverages that can add up on your insurance coverage policy. Coverages for roadside assistance, accidental death, and term life insurance are probably not needed. They may sound like good ideas when discussing your needs, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
• Filing insurance coverage claims can increase rates – If you frequently file small claims, don’t be surprised to see either a policy non-renewal or much higher rates. Car insurance companies award lower rates to drivers who do not rely on their insurance for small claims. Insurance coverage is intended to be relied upon for claims that pose a financial burden.

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Get cheaper car insurance quotes with discounts

Some providers don’t list all their discounts in a way that’s easy to find, so we took the time to find both the well known as well as some of the hidden car insurance savings.

• Fewer Miles Equal More Savings – Driving less could qualify for better premium rates on cars that stay parked.
• Air Bags and Passive Restraints – Vehicles equipped with air bags may get savings up to 30%.
• Defensive Driver – Taking time to complete a course teaching safe driver skills could cut 5% off your bill if you qualify.
• Savings for New Vehicles – Adding a new car to your policy can get you a discount because new model year vehicles keep occupants safer.
• Auto/Home Discount – If you have multiple policies with one company they may give you a discount of up to 20% off your total premium.
• Anti-theft Discount – Cars, trucks, and SUVs with anti-theft systems have a lower chance of being stolen so companies will give you a small discount.
• Driving Data Discount – Policyholders that allow data collection to track driving manner through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction if they are good drivers.
• Include Life Insurance and Save – If the company offers life insurance, you could get a discounted car insurance rate on car insurance if you buy some life insurance in addition to your auto policy.
• Own a Home – Owning your own home or condo may earn you a small savings since owning and maintaining a home means you have a higher level of financial diligence.

Discounts lower rates, but many deductions do not apply to the entire policy premium. Some only apply to specific coverage prices like medical payments or collision. So when it seems like you could get a free car insurance policy, nobody gets a free ride.

A few popular companies and a summarized list of policyholder discounts can be found below.

• Progressive may have discounts that include multi-vehicle, continuous coverage, homeowner, good student, multi-policy, and online signing.
• SAFECO policyholders can earn discounts including bundle discounts, drive less, anti-theft, anti-lock brakes, multi-car, and teen safe driver.
• American Family may offer discounts for defensive driver, bundled insurance, mySafetyValet, good driver, good student, and accident-free.
• MetLife discounts include defensive driver, good driver, good student, accident-free, and claim-free.
• Geico includes discounts for emergency military deployment, daytime running lights, five-year accident-free, multi-policy, multi-vehicle, and good student.
• The Hartford offers discounts including defensive driver, good student, anti-theft, air bag, and bundle.

It’s a good idea to ask every insurance company which discounts you may be entitled to. Some of the discounts discussed earlier may not be offered everywhere. To see providers with discount car insurance rates, follow this link.

Tailor your insurance coverage coverage to you

When it comes to buying the right insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether your personal situation might need professional guidance.

• Am I covered if I wreck a rental car?
• How can I get high-risk coverage after a DUI?
• I have good health insurance, so how much medical payments coverage do I need?
• Am I covered when driving on a suspended license?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Does my insurance cover a custom paint job?
• What is roadside assistance coverage?
• Is extra glass coverage worth it?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area.

Insurance coverage breakdown

Having a good grasp of insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the usual coverages found on most insurance policies.

Collision coverages – Collision insurance covers damage to your GS 350 from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as colliding with a tree, scraping a guard rail, crashing into a ditch and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers – This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Lexus GS 350.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Comprehensive (Other than Collision) – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as falling objects, hitting a deer, rock chips in glass, hail damage and theft. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for nursing services, surgery, funeral costs and doctor visits. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Liability car insurance – This coverage can cover damages or injuries you inflict on people or other property in an accident. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things such as emergency aid, attorney fees, legal defense fees and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

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Be a money saver!

When you buy auto insurance online, it’s very important that you do not sacrifice coverage to reduce premiums. Too many times, an insured dropped liability coverage limits and discovered at claim time that it was a big error on their part. Your goal is to find the BEST coverage at the best price while not skimping on critical coverages.

We’ve covered many tips how you can lower your 2016 Lexus GS 350 insurance premium rates. The key concept to understand is the more rate comparisons you have, the better your chances of lowering your prices. Consumers could even find that the lowest premium rates come from some of the smallest insurance companies. Regional companies may have significantly lower prices on certain market segments than their larger competitors like Progressive and Geico.

Some companies don’t offer the ability to get a quote online and most of the time these smaller providers only sell coverage through independent agents. Low-cost 2016 Lexus GS 350 insurance is definitely available online and also from your neighborhood agents, and you should compare rates from both so you have a total pricing picture.

Additional car insurance information is available at the links below

• Crash Avoidance Technologies FAQ (iihs.org)
• Information for Teen Drivers (Geico)
• How to Avoid Staged Accidents (State Farm)
• Older Driver Statistics (Insurance Information Insitute)
• Comprehensive Coverage (Liberty Mutual)
• Neck Injury FAQ (iihs.org)

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