How Much Does 2015 Lexus GS 350 Insurance Cost?

Trying to find better insurance coverage rates for your Lexus GS 350? Having to pay for overpriced insurance coverage can overdraw your personal savings and put the squeeze on your family’s finances. Comparing price quotes is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket.

Companies like State Farm, Progressive and Geico all promote huge savings with catchy ads and it is difficult to avoid their marketing magic and effectively compare rates to find the best deal.

If you currently have car insurance, you will be able to lower your premiums substantially using these techniques. Buying car insurance is quite easy. Although drivers can benefit by having an understanding of the way companies sell insurance online and use this information to your advantage.

Car Insurance Prices Online

Shopping for lower car insurance rates can be exhausting if you don’t utilize the best way to get rate quotes. You can waste hours driving to agents in your area, or you can stay home and use the internet to get pricing more quickly.

Many popular insurance companies participate in an industry program that enables customers to enter their coverage request one time, and each company returns a rated price based on the submitted data. This prevents consumers from doing repetitive form submissions to each individual car insurance company. To access this free quoting program, click here to open in new window.

The only downside to pricing coverage this way is you are unable to specify which carriers to get pricing from. If you prefer to choose specific insurance companies to compare rates, we have a listing of low cost car insurance companies in your area. View list of insurance companies.

Whichever way you use, be sure to compare the exact same deductibles and coverage limits for every company. If your comparisons have higher or lower deductibles it will be very difficult to determine the best price for your Lexus GS 350. Slightly different coverages may result in a large different in cost. Keep in mind that comparing a large number of companies will enable you to find a better price.

Save with discounts on Lexus GS 350 insurance

Insuring your fleet can be pricey, but you can get discounts that many people don’t even know exist. A few discounts will automatically apply at the time of purchase, but less common discounts must be asked for prior to receiving the credit.

  • Seat Belts Save – Requiring all passengers to use a seat belt could cut 10% or more off the personal injury premium cost.
  • Paperless Signup – A few companies will give a small break just for signing your application on their website.
  • Early Switch Discount – Some companies give discounts for signing up before your current expiration date. It’s a savings of about 10%.
  • Life Insurance – Select insurance companies reward you with a discount if you purchase a life insurance policy as well.
  • Safety Course Discount – Successfully completing a course in driver safety can save you 5% or more if you qualify.
  • Good Student – This discount can save 20 to 25%. This discount can apply up until you turn 25.
  • Homeowners Discount – Owning a house may trigger a insurance policy discount because maintaining a house is proof that your finances are in order.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Lexus can earn discounted rates on garaged vehicles.

Keep in mind that some of the credits will not apply to the entire policy premium. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, it just doesn’t work that way. But all discounts will help reduce your premiums.

Insurance companies that may offer some of the above discounts are:

Double check with each company what discounts are available to you. Some discounts might not be offered everywhere.

These factors can influence Lexus GS 350 insurance rates

It’s important that you understand the factors that go into determining your car insurance rates. Understanding what impacts premium levels allows you to make educated decisions that will entitle you to lower car insurance prices.

  • Teen drivers pay high rates – Youthful drivers tend to be more careless in a vehicle so they pay higher car insurance rates. Mature drivers are viewed as being more responsible, file fewer claims and get fewer tickets.
  • Being married is a good thing – Having a spouse can actually save you money on car insurance. Marriage translates into being more responsible it has been statistically shown that married drivers get in fewer accidents.
  • Your car’s features help determine rates – Choosing a vehicle with an alarm system can help bring down rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart car theft.
  • Protect yourself with liability coverage – Your policy’s liability coverage is the protection when a court rules you are at fault for damages from an accident. Liability insurance provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should carry high limits.
  • Keep rates low by being claim-free – If you are a frequent claim filer, you can pretty much guarantee either policy cancellation or increased premiums. Insurance companies give cheaper rates to drivers who do not rely on their insurance for small claims. Your insurance policy is intended for the large, substantial claims.
  • Don’t let your coverage lapse – Driving your car without having proper coverage is illegal and your next policy will cost more because you let your insurance expire. Not only will you pay more, but not being able to provide proof of insurance may earn you a license revocation or jail time.
  • Your credit rating is important – Having a bad credit score is a large factor in calculating your car insurance rates. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers with poor credit. If your credit history is low, you could save money insuring your 2015 Lexus GS 350 by spending a little time repairing your credit.

Tailor your coverage to you

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions could help you determine whether you will benefit from professional help.

  • How can I force my company to pay a claim?
  • Why do I need rental car insurance?
  • Will I lose any money if I cancel my policy before it expires?
  • How much liability coverage do I need in my state?
  • Do I need replacement cost coverage?
  • Will filing a claim cost me more?
  • Does medical payments coverage apply to all occupants?
  • Do I have coverage when using my vehicle for my home business?
  • Am I insured when driving a different vehicle?

If you can’t answer these questions but a few of them apply then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

What auto insurance coverages do you need?

Having a good grasp of your policy aids in choosing which coverages you need for your vehicles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by auto insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Most of the time these coverages are identical to your policy’s liability coverage.

Collision protection

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things such as hitting a parking meter, colliding with a tree, hitting a mailbox and crashing into a ditch. This coverage can be expensive, so consider removing coverage from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Liability auto insurance

Liability coverage protects you from damages or injuries you inflict on other’s property or people in an accident. This insurance protects YOU against other people’s claims. It does not 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. You might see policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as medical expenses, funeral expenses and attorney fees. How much coverage you buy is up to you, but buy as much as you can afford.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from 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 protects against things like damage from flooding, vandalism and hitting a deer. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like ambulance fees, dental work, funeral costs, X-ray expenses and EMT expenses. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

Shop smart and save

The cheapest 2015 Lexus GS 350 insurance is available online as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies don’t offer you the ability to get quotes online and these small, regional companies work with independent agents.

In this article, we covered a lot of techniques to shop for insurance online. The most important thing to understand is the more you quote, the better your chances of lowering your rates. You may even find the lowest priced insurance coverage comes from the least-expected company. Smaller companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, Geico and Nationwide.

More information is available on the following sites: