2010 Lexus GS 350 Insurance Rates

Looking for cheaper auto insurance rates for your Lexus GS 350? I can’t think of anyone who likes paying for auto insurance, in particular when the cost is way too high.

Having so many online and local companies to choose from, it’s nearly impossible to locate the right car insurance company.

Complexity of Lexus GS 350 insurance rates

It’s important that you understand the factors that go into determining insurance coverage rates. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

  • Drive a safer car and pay less – Vehicles with good safety scores are cheaper to insure. Safer cars have better occupant injury protection and any reduction in injury severity means lower claim amounts passed on to you as lower rates. If your Lexus GS 350 scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Discounts for multiple policies – Most companies provide better rates to people who carry more than one policy in the form of a multi-policy discount. Even though this discount sounds good, it’s in your best interest to shop around to verify if the discount is saving money. You may still be able to find better rates by buying insurance from more than one company.
  • With age comes lower rates – Teen drivers are known to be less responsible when behind the wheel so they pay higher insurance coverage rates. Older insureds tend to be more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Battle of the sexes – The statistics show women are more cautious behind the wheel. However, don’t assume that women are BETTER drivers than men. Women and men have accidents at a similar rate, but the males cause more damage and cost insurance companies more money. They also receive more costly citations such as reckless driving.

Are you getting all your discounts?

Insurance can be prohibitively expensive, but you can get discounts that can drop the cost substantially. Most are applied when you quote, but some may not be applied and must be requested specifically before they will apply.

  • Organization Discounts – Participating in certain professional organizations is a good way to get lower rates when shopping for insurance for GS 350 coverage.
  • Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.
  • Own a Home – Owning a home may earn you a small savings because maintaining a house shows financial diligence.
  • Auto/Life Discount – Companies who offer life insurance give a break if you buy life insurance from them.
  • 55 and Retired – Older drivers can possibly qualify for better insurance rates for GS 350 coverage.

It’s important to note that some of the credits will not apply to the entire policy premium. Most cut specific coverage prices like medical payments or collision. Just because it seems like you would end up receiving a 100% discount, you’re out of luck. Any qualifying discounts will help reduce the amount you have to pay.

Car insurance companies that possibly offer these money-saving discounts are:

Double check with each insurance company how you can save money. Discounts may not be available in every state.

Insurance coverage ads bend the truth

Progressive, Allstate and Geico regularly use ads in print and on television. All the companies make an identical promise that you can save if you move your policy. But how can every company say the same thing?

All companies can use profiling for the driver that makes them money. For instance, a preferred risk could possibly be between the ages of 40 and 55, a clean driving record, and drives less than 10,000 miles a year. A propective insured who meets those qualifications will qualify for the lowest rates and most likely will save when they switch companies.

Drivers who fall outside the requirements will have to pay higher rates and this can result in business not being written. The ads say “drivers who switch” not “everybody who quotes” save that much money. That’s the way companies can make those claims.

Because of the profiling, you should get a wide range of price quotes. It’s impossible to know which insurance coverage company will provide you with the cheapest Lexus GS 350 insurance rates.

Tailor your coverage to you

When it comes to buying proper insurance coverage, there really is no one size fits all plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions can help discover if your insurance needs would benefit from an agent’s advice.

  • How many claims can I have before being cancelled?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I carry comprehensive and collision coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • How can I find cheaper teen driver insurance?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my camper covered by my car insurance policy?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Information about specific coverages

Learning about specific coverages of your policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are the usual coverages found on the average insurance policy.

Comprehensive coverages

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like falling objects, theft and damage from flooding. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like dental work, surgery and X-ray expenses. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Uninsured and underinsured coverage

This provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Lexus GS 350.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently these limits are set the same as your liablity limits.

Liability insurance

Liability coverage will cover damage that occurs to other people or property in an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like pain and suffering, medical services, court costs, funeral expenses and loss of income. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Collision coverage

This will pay to fix damage to your GS 350 from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like colliding with a tree, sustaining damage from a pot hole, colliding with another moving vehicle, crashing into a ditch and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Find Good Coverage for Less

The cheapest 2010 Lexus GS 350 insurance can be bought online and with local insurance agents, so you should compare both to have the best selection. Some insurance companies do not offer the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

You just read a lot of tips how to compare insurance prices online. It’s most important to understand that the more companies you get rates for, the better likelihood of reducing your rate. Drivers may discover the biggest savings come from a small mutual company. Regional companies can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.

More detailed auto insurance information is located in these articles: