How Much Does 1999 Lexus GS 300 Car Insurance Cost?

Are you regretting the purchase of an expensive car insurance policy? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out.

Having so many choices of insurance companies, it can be impossible to choose a lower cost insurer.

The fastest way that we advise to get policy rate comparisons is to understand auto insurance companies provide online access to give free rates quotes. To start a quote, the only thing you need to do is provide information such as deductibles desired, if a SR-22 is required, whether you are married, and the type of vehicles you drive. That rating data is automatically sent to multiple companies and they return cost estimate within a short period of time.

Insurance policy discounts you can’t miss

Car insurance companies don’t always advertise all disounts very clearly, so we researched both well-publicized and the more hidden credits available to bring down your rates.

  • Low Mileage Discounts – Driving less may allow you to get lower prices due to less chance of an accident.
  • Save over 55 – If you qualify as a senior citizen, you can get reduced rates for GS 300 coverage.
  • Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course in school.
  • Discount for Passive Restraints – Vehicles with factory air bags or motorized seat belts may earn rate discounts of 20 to 30 percent.
  • Own a Home – Just owning your own home can save a few bucks since owning and maintaining a home demonstrates responsibility.

We need to note that most credits do not apply the the whole policy. A few only apply to individual premiums such as liability and collision coverage. So when the math indicates having all the discounts means you get insurance for free, it’s just not the way it works. Any amount of discount will definitely lower your policy premium.

A list of insurance companies and their possible discounts can be found below.

  • American Family offers premium reductions for bundled insurance, early bird, Steer into Savings, air bags, accident-free, and defensive driver.
  • Nationwide may offer discounts for defensive driving, easy pay, accident-free, anti-theft, multi-policy, Farm Bureau membership, and business or organization.
  • MetLife offers discounts for multi-policy, good student, accident-free, claim-free, defensive driver, good driver
  • 21st Century offers discounts including good student, driver training, anti-lock brakes, early bird, homeowners, and 55 and older.
  • Farmers Insurance has discounts for bundle discounts, pay in full, homeowner, early shopping, good student, switch companies, and mature driver.
  • Allstate has savings for premier discount, anti-theft, new car, eSmart discount, auto/life discount, and economy car.

Before you buy a policy, ask all the companies what discounts are available to you. Savings may not apply to policies in your area. If you would like to see a list of providers that offer some of these discounts, click this link.

Insurance agents can help

When buying the right insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions may help highlight whether or not you would benefit from an agent’s advice.

  • Is my teen driver covered when they drive my company car?
  • Is pleasure use cheaper than using my 1999 Lexus GS 300 to commute?
  • Does having multiple vehicles earn me a discount?
  • When can I cancel my policy?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Are my friends covered when driving my 1999 Lexus GS 300?
  • Does my policy pay for OEM or aftermarket parts?
  • Can I drive in Mexico and have coverage?
  • Am I covered when driving someone else’s vehicle?
  • How much liability insurance is required?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

Insurance policy specifics

Learning about specific coverages of a insurance policy helps when choosing the right coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages available from insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your 1999 Lexus GS 300.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Collision coverage protection

This covers damage to your GS 300 resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as backing into a parked car, sideswiping another vehicle, crashing into a ditch and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Liability coverages

Liability coverage can cover damages or injuries you inflict on other people or property by causing an accident. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability insurance covers claims like repair costs for stationary objects, court costs, medical services, repair bills for other people’s vehicles and emergency aid. How much coverage you buy is your choice, but buy higher limits if possible.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like funeral costs, rehabilitation expenses, pain medications, dental work and hospital visits. They are utilized in addition to your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like vandalism, falling objects, hail damage and a broken windshield. The most a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.