Lower Your 2007 Lexus GS 350 Insurance Cost

Searching for lower insurance rates for your Lexus GS 350? Are you intimidated by the wide range of insurance options? You have a lot of company. There are so many companies to choose from that it can easily become a real challenge to find the best price.

It’s smart to price shop coverage periodically because rates change quite often. Even if you got the best deal on GS 350 insurance a year ago other companies may now be cheaper. Ignore everything you know about insurance because I’m going to let you in on the secrets to the fastest way to reduce your cost while improving coverage.

Cut your insurance rates with discounts

Companies offering auto insurance don’t necessarily list every available discount in a way that’s easy to find, so we researched both the well known and the harder-to-find insurance savings.

  • New Vehicle Savings – Adding a new car to your policy can save up to 30% since new cars are generally safer.
  • Low Mileage Discounts – Keeping the miles down on your Lexus can earn discounted rates on garaged vehicles.
  • Military Rewards – Having a family member in the military can result in better rates.
  • Own a Home – Simply owning a home can help you save on insurance because maintaining a house requires personal responsibility.
  • Life Insurance Discount – Companies who offer life insurance give a break if you buy auto and life insurance together.
  • Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you could get a discount of at least 10% off all policies.
  • Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% on GS 350 insurance with certain companies.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. A few only apply to specific coverage prices like comprehensive or collision. Just because it seems like you could get a free insurance policy, insurance companies aren’t that generous.

Companies who might offer these discounts are:

Before buying, ask each company how you can save money. Some discounts might not apply in your area.

Compare the Market for Auto Insurance

Most major insurance companies give insurance quotes online. Getting online quotes doesn’t take much effort as you simply type in your coverage information into the quote form. Once entered, the system gets your credit score and driving record and returns pricing information.

Quoting online makes it a lot easier to compare rates but the process of having to visit multiple sites and fill out multiple forms can be a bit tiresome and repetitive. But it’s very important to do this if you are searching for better prices.

The better way to compare rates

The easiest way to lower your auto insurance bill requires only one form that analyzes rates from a bunch of companies at once. It’s a real time-saver, eliminates form submissions, and makes price shopping online much more enjoyable and efficient. Once the form is submitted, your coverage is rated and you can choose any or none of the quotes returned. If a lower price is quoted, you can simply submit the application and buy the policy. This process takes just a few minutes to complete and can result in significant savings.

If you want to compare rates now, simply click here to open in new window and submit the form. If you have coverage now, it’s recommended you type in deductibles and limits as close as possible to your current policy. This ensures you will be getting an apples-to-apples comparison for the exact same coverage.

You are unique and your auto insurance should be too

When buying adequate coverage for your vehicles, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs.

These are some specific questions might help in determining if your situation could use an agent’s help.

  • Am I covered when using my vehicle for business?
  • Am I covered by my spouse’s policy after a separation?
  • Does my policy cover me when driving someone else’s vehicle?
  • I have health insurance so do I need medical payments coverage?
  • What is high-risk coverage and where do I buy it?
  • What are the best liability limits?
  • Why does it cost so much to insure a teen driver?
  • Is business equipment covered while in my vehicle?
  • Am I getting all the discounts available?
  • Is my babysitter covered when using my vehicle?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Coverages available on your auto insurance policy

Learning about specific coverages of your policy can help you determine appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your 2007 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. This is the reason having UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for bills like rehabilitation expenses, dental work and chiropractic care. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Liability insurance

This coverage can cover damages or injuries you inflict on other’s property or people that is your fault. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for things such as structural damage, medical expenses and court costs. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Comprehensive insurance

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as a broken windshield, damage from getting keyed, vandalism and damage from flooding. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision insurance

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as scraping a guard rail, driving through your garage door, sustaining damage from a pot hole, colliding with another moving vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Final considerations

People switch companies for many reasons like policy cancellation, high rates after DUI convictions, unfair underwriting practices or even delays in paying claims. Whatever your reason, finding the right auto insurance provider is pretty simple and you could end up saving a buck or two.

Cost effective 2007 Lexus GS 350 insurance can be bought on the web in addition to many insurance agents, so you should be comparing quotes from both to have the best selection. There are still a few companies who do not provide you the ability to get quotes online and these small, regional companies work with independent agents.

We’ve covered many ways to compare insurance prices online. The key thing to remember is the more you quote, the better chance you’ll have of finding lower rates. You may even find the best price on auto insurance is with a small local company.

More detailed auto insurance information is available at these sites: