2007 Lexus GS 350 Car Insurance Cost

Want better auto insurance rates for your Lexus GS 350? Trying to come up with a payment for high-priced auto insurance can dry up your accounts and put the squeeze on your family’s finances. Getting a rate comparison can help to lower your bills every month.

Because there are so many options when it comes to auto insurance, it can be challenging to find the best insurer.

It’s smart to get comparison quotes every six months due to the fact that insurance prices change frequently. If you had the lowest rates for GS 350 coverage on your last policy a different company probably has better rate quotes today. You can find a lot of wrong information about auto insurance out there, but in a few minutes you can learn some solid techniques on how to buy auto insurance cheaper.

The purpose of this post is to teach you how to effectively get price quotes and some tips to save money. If you currently have a car insurance policy, you will be able to cut costs considerably using these techniques. Drivers just need to understand the proper methods to get comparison quotes online.

The fastest way that we advise to get rate comparisons is to know the fact most larger insurance companies will pay a fee to give you rate quotes. To start a quote, the only thing you need to do is provide the companies a bit of rating information including the ages of drivers, if it has an anti-theft system, whether your vehicle is owned or leased, and your occupation. The rating information gets sent immediately to multiple companies and you will get price comparisons very quickly.

If you would like to compare rates now, click here and see if a lower rate is available.

Use discounts on insurance coverage

The cost of insuring your cars can be expensive, but you might be missing out on some discounts that can dramatically reduce your bill. Certain discounts will be applied when you purchase, but some discounts are required to be asked for before you get the savings. If you’re not getting every credit available, you may be paying too high a price.

  • Multi-line Discount – Not all companies offer life insurance, but some may give you a discount if you purchase some life insurance in addition to your auto policy.
  • Multi-policy Discount – If you can bundle your auto and home insurance and place coverage with the same company you could earn a discount of at least 10 to 15 percent or more.
  • Good Students Pay Less – Maintaining excellent grades may save as much as 25% on a insurance coverage quote. The discount lasts up to age 25.
  • Drive Less and Save – Maintaining low annual mileage could qualify for lower premium rates on the low mileage vehicles.
  • Waiver for an Accident – This one is not really a discount per se, but a few companies such as Progressive, Allstate, and GEICO will turn a blind eye to one accident before raising your premiums as long as you don’t have any claims prior to being involved in the accident.
  • New Vehicle Savings – Buying a new car instead of a used car can get you a discount because new vehicles are generally safer.
  • Defensive Driver Discounts – Taking a driver safety class can save you 5% or more if your company offers it.
  • No Accidents – Good drivers with no accidents have much lower rates when compared with insureds who have frequent claims or accidents.

Don’t be surprised that most discounts do not apply to the entire policy premium. Most cut the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like it’s possible to get free car insurance, companies wouldn’t make money that way. But any discount will cut your overall premium however.

Popular insurance coverage companies and some of their more popular discounts are included below.

  • Progressive may include discounts for multi-policy, homeowner, good student, online quote discount, and online signing.
  • AAA policyholders can earn discounts including anti-theft, AAA membership discount, multi-car, education and occupation, good student, and multi-policy.
  • Farmers Insurance has savings for alternative fuel, mature driver, electronic funds transfer, business and professional, switch companies, pay in full, and distant student.
  • GEICO has discounts for driver training, membership and employees, defensive driver, emergency military deployment, and five-year accident-free.
  • Esurance offers premium reductions for multi-policy, paid-in-full, emergency road assistance, good driver, anti-lock brakes, DriveSense, and anti-theft.
  • SAFECO offers discounts including multi-car, teen safe driver, bundle discounts, anti-lock brakes, safe driver, and anti-theft.
  • State Farm discounts include Steer Clear safe driver discount, driver’s education, safe vehicle, multiple autos, accident-free, and Drive Safe & Save.

When getting free insurance coverage quotes, it’s a good idea to all the companies the best way to save money. All car insurance discounts may not apply to policyholders in your state.

What affects Lexus GS 350 insurance premiums?

Multiple criteria are part of the calculation when quoting car insurance. Some of the criteria are obvious such as your driving record, but others are more obscure such as whether you are married or how financially stable you are.An important part of buying insurance is that you know a few of the rating criteria that come into play when calculating the rates you pay for auto insurance. If you know what positively or negatively impacts your premiums, this enables informed choices that will entitle you to lower rates.

Shown below are some of the items auto insurance companies consider when setting premiums.

  • Deter vehicle theft – Selecting a car model with an alarm system can save you some money. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent auto theft and help lower rates.
  • Drive lots and pay more – The higher the mileage driven in a year’s time the more you will pay for auto insurance. Many insurance companies price each vehicle’s coverage based on how the vehicle is used. Cars left parked in the garage qualify for better rates than vehicles that are driven to work every day. Having an incorrect usage rating on your GS 350 may be costing you. It’s always a good idea to double check that your vehicle rating properly reflects the correct driver usage, because it can save money.
  • Add-on coverages that may not be needed – There are a lot of additional coverages you can purchase if you don’t pay attention. Coverages like rental car coverage, high-cost glass coverage, and membership fees may be costing you every month. They may sound like good ideas when buying your policy, but if you don’t need them consider taking them off your policy.
  • Defend yourself with liability coverage – Liability coverage will afford coverage if a court rules you are at fault for personal injury or accident damage. Liability provides legal defense coverage to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
  • Does insurance cost less for women? – Statistics have proven that women are safer drivers than men. Now that doesn’t mean women are BETTER drivers than men. Males and females cause accidents at about the same rate, but males cause more damage and cost insurance companies more money. Men also get higher numbers of serious violations like driving under the influence (DUI).
  • Gaps in coverage mean higher premiums – Not having insurance can get your license suspended and companies may charge more for letting your insurance coverage expire. Not only will you pay more, being ticketed for driving with no insurance could result in a steep fine or even jail time.
  • Save money by having multiple policies – Lots of insurers provide better rates for people that buy multiple policies such as combining an auto and homeowners policy. The amount of the discounts can be ten or even fifteen percent. Even if you already get this discount, it’s still a good idea to compare other company rates to make sure you are getting the best deal. Consumers may save even more by buying from different companies
  • Know your vehicle’s safety rating – Safe vehicles tend to have lower insurance rates. These vehicles have better occupant injury protection and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders.

Tailor your car insurance coverage to you

When choosing proper insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions can help discover if your insurance needs would benefit from an agent’s advice.

  • Can I rent a car in Mexico?
  • Why does it cost so much to insure a teen driver?
  • Am I covered when pulling a rental trailer?
  • Can I still get insurance after a DUI?
  • Am I covered if I wreck a rental car?
  • Does liability extend to a camper or trailer?
  • Can my teen drive my company car?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can help protect your family.

Insurance advertising tricks

Consumers can’t avoid all the ads that claim the best rates from the likes of GEICO, State Farm and Progressive. All the companies state the claim that people will save after switching your policy.

How is it possible that every company can offer you a better deal? It’s all in the words they use.

Most companies quote their best rates for the type of driver they prefer to insure. One example of this type of driver may need to be a female over age 40, owns a home, and insures a new vehicle. A customer getting a price quote who meets those qualifications will get the preferred car insurance rates and therefore will save quite a bit of money when switching.

People who may not quite match the “perfect” profile will see a higher rate and the customer not buying. The ad wording is “customers that switch” but not “everyone who gets a quote” will save that much if they switch. That is how companies can truthfully advertise the way they do.

Different companies use different criteria so you really should get insurance coverage quotes as often as possible. It’s not possible to predict with any certainty which company will be your best fit.

Parts of your insurance policy

Understanding the coverages of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and nobody wants to actually read their policy. These are the usual coverages found on most insurance policies.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for immediate expenses for ambulance fees, rehabilitation expenses, funeral costs and doctor visits. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability coverage – Liability coverage protects you from damage that occurs to other’s property or people that is your fault. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things such as funeral expenses, loss of income, repair bills for other people’s vehicles and emergency aid. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Lexus GS 350.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these limits are set the same as your liablity limits.

Collision coverages – Collision insurance pays for damage to your GS 350 resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as backing into a parked car, rolling your car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive insurance – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a deer, damage from flooding, theft and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

One last thing

When you buy insurance coverage online, it’s very important that you do not reduce coverage to reduce premium. In many cases, an insured cut uninsured motorist or liability limits only to regret that the savings was not a smart move. Your goal is to buy enough coverage at the lowest possible cost, but do not sacrifice coverage to save money.

We just showed you many ways to get a better price on 2007 Lexus GS 350 insurance. The key thing to remember is the more you quote insurance coverage, the higher the chance of saving money. Drivers may discover the lowest car insurance rates come from the least-expected company. They may cover specific market segments cheaper than their larger competitors like Progressive or GEICO.

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