Cheap 1996 Lexus GS 300 Insurance Rates

Drivers have options when trying to find affordable Lexus GS 300 insurance. They can either spend hours contacting agents getting price quotes or leverage the internet to make rate comparisons. There is a better way to buy car insurance and you need to know the quickest way to price shop coverage for a new or used Lexus and get the lowest price from local insurance agents and online providers.

It’s a great practice to take a look at other company’s rates quite often because rates are adjusted regularly by insurance companies. Just because you found the best rates for GS 300 insurance a few years ago you can probably find a lower rate today. There is a lot of bad information regarding car insurance online, so I’m going to show you some proven techniques to slash your car insurance rates.

Finding the best rates is quite easy. If you have car insurance now, you will be able to save some money using this strategy. Consumers only need an understanding of how to get comparison rates online.

Factors that can influence Lexus GS 300 insurance rates

It’s important that you understand the factors that play a part in calculating your insurance rates. Knowing what influences your rates helps enable you to make changes that may reward you with big savings.

Shown below are a few of the “ingredients” that factor into rates.

  • Increase deductibles and save – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Lexus. A few examples of covered claims are colliding with a building, damage caused by hail, and rolling your vehicle. Deductibles for physical damage are how much you are willing to pay out-of-pocket before a claim is paid by your company. The more money you have to pay, the bigger discount you will receive for GS 300 insurance.
  • Men pay higher rates – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that men are worse drivers. Both sexes have accidents in similar percentages, but the men cause more damage. Men also statistically have more aggressive citations such as reckless driving. Young males are the most expensive to insure and thus pay the highest rates.
  • More claims means more premium – If you frequently file small claims, you can look forward to either policy cancellation or increased premiums. Companies award lower rates to people who are claim-free. Your insurance policy is meant to be used in the event of larger claims.
  • Car features impact rates – Choosing a vehicle that has an advanced theft prevention system can help lower your rates. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your car from being stolen.
  • Your location affects your rates – Living in small towns and rural areas has it’s advantages when insuring your vehicles. Drivers who live in large cities have congested traffic and longer commutes to work. Lower population translates into fewer accidents as well as less vandalism and auto theft.
  • Do you need those extra coverages? – There are a ton of add-on coverages that you can get tricked into buying if you aren’t careful. Coverages for rental car reimbursement, accidental death and additional equipment coverage are some examples. These may sound like a good investment when you first buy your policy, but now you might not need them so eliminate them to save money.
  • Bad driving skills means higher rates – Drivers with clean records get better rates than bad drivers. Even a single citation may increase your cost by as much as thirty percent. If you have serious violations such as hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 form with their state motor vehicle department in order to continue driving.

How to Compare Car Insurance Costs

Getting better 1996 Lexus GS 300 car insurance pricing is a fairly straight forward process. You just have to take a couple of minutes to compare rate quotes online from several insurance companies. This is very easy and can be done using a couple different methods.

  1. The easiest and least time consuming way consumers can make multiple comparisons would be an industry-wide quote request form like this one (opens in new window). This easy form eliminates the need for multiple quote forms to each individual car insurance company. One form will get you rate comparisons instantly. It’s definitely the quickest method.
  2. Another way to compare rate quotes is spending the time to visit the website for every company you want to comare and fill out their own quote form. For example, we’ll pretend you want to compare State Farm, Safeco and Travelers. You would have to spend time on each company’s site and enter your information, which is why the first method is quicker.

    For a list of links to insurance companies in your area, click here.

  3. The hardest method of getting rate comparisons is driving around to local insurance agencies. The ability to buy insurance online has reduced the need for local agents unless you require the professional guidance of a licensed agent. However, consumers can compare the best prices online and get advice from an agent in your area and you’ll learn how to do that later.

It’s up to you how you get prices quotes, just double check that you are using identical deductibles and coverage limits for each price quote. If you have mixed coverages it’s impossible to decipher which rate is best.

Cut your auto insurance rates with discounts

Companies that sell car insurance don’t list all their discounts very clearly, so we break down some of the best known and also the lesser-known auto insurance savings. If you’re not getting every credit you deserve, you are throwing money away.

  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes prevent accidents and will save you 10% or more.
  • 55 and Retired – If you’re over the age of 55, you may receive a small decrease in premiums for GS 300 insurance.
  • Employee of Federal Government – Simply working for the federal government can earn a discount up to 10% for GS 300 insurance with a few auto insurance companies.
  • E-sign – A handful of insurance companies give back up to $50 for buying your policy on their website.
  • Own a Home – Simply owning a home can help you save on auto insurance because maintaining a house shows financial diligence.
  • Early Signing – Select companies give a discount for buying a policy before your current policy expires. This can save 10% or more.
  • Drivers Education – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.
  • Life Insurance Discount – Companies who offer life insurance give better rates if you take out life insurance from them.
  • Distant Student – Any of your kids who live away from home without a vehicle on campus may be able to be covered for less.
  • Clubs and Organizations – Being a member of a qualifying organization may earn a discount on auto insurance for GS 300 insurance.

As a disclaimer on discounts, many deductions do not apply to the entire policy premium. The majority will only reduce individual premiums such as comprehensive or collision. Even though it may seem like it’s possible to get free car insurance, companies wouldn’t make money that way.

For a list of insurers with discount auto insurance rates, click here to view.

You are unique and your insurance coverage should be too

When it comes to choosing coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s situation is unique.

These are some specific questions could help you determine if your situation might need professional guidance.

  • How high should my medical payments coverage be?
  • Do I need roadside assistance coverage?
  • Does my 1996 Lexus GS 300 need full coverage?
  • How can I get my company to pay me more for my totalled car?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I need rental car coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Can my teen driver be rated on a liability-only vehicle?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. To find an agent in your area, complete this form. It only takes a few minutes and can provide invaluable advice.

Specifics of your car insurance policy

Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive coverage

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as damage from getting keyed, damage from a tornado or hurricane and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for liability

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

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

Liability coverage pays for things like structural damage, attorney fees, emergency aid, repair costs for stationary objects and funeral expenses. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like prosthetic devices, rehabilitation expenses, doctor visits, X-ray expenses and ambulance fees. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Coverage for collisions

Collision insurance covers damage to your GS 300 resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like scraping a guard rail, sideswiping another vehicle 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. It’s also possible to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Lexus GS 300.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Save your hard earned cash

People who switch companies do it for many reasons like lack of trust in their agent, delays in paying claims, unfair underwriting practices and denial of a claim. It doesn’t matter what your reason, finding a new company is not as hard as you think.

When shopping online for insurance, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, someone dropped physical damage coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to get the best coverage possible at the best price while not skimping on critical coverages.

We just covered some good ideas how to shop for 1996 Lexus GS 300 insurance online. It’s most important to understand that the more quotes you get, the better your chances of lowering your rates. You may be surprised to find that the best prices are with a company that doesn’t do a lot of advertising.

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