2016 Lexus GS 200t Car Insurance Cost – 5 Ideas for Best Prices

Trying to find better auto insurance rates for your Lexus GS 200t? Having to pay for high-priced auto insurance can eat up your budget and make it tough to pay other bills. People have so many insurance companies to purchase coverage from, and although it’s a good thing to have a choice, too many choices makes it more difficult to adequately compare rates.

Buying the lowest cost coverage is not that difficult. If you have a current insurance policy or are just looking to switch companies, you can follow these tips to find the best rates while maximizing coverage. Drivers only need to know the tricks to shop their coverage around over the internet.

Cheapest auto insurance price quotes

Getting cheap 2016 Lexus GS 200t auto insurance pricing is surprisingly easy. Just take time comparing price quotes from different insurance companies. This can easily be done using one of these methods.

  1. Probably the best way to get the best comparison quotes would be an industry-wide quote request form like this one (opens in new window). This form prevents you from having to do repetitive form submissions for each company you want a rate for. Just one form gets rate comparisons instantly.
  2. A more difficult way to get comparison quotes requires you to visit each company’s website and fill out a new quote form. For instance, we’ll assume you want to see prices from State Farm, Progressive and Liberty Mutual. To find out each rate you need to go to every website and enter your policy data, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.
  3. Even if you have time, the least recommended method to comparison shop rate quotes is calling or driving to insurance agents’ offices. The ability to buy insurance online has reduced the need for local agents unless you’re the type of person who wants the personal advice that only a licensed agent can provide. It is possible to compare online quotes but have a local agent actually write the policy.

The approach you take is up to you, just do your best to use nearly identical coverages and limits with each company. If the quotes have different deductibles it’s impossible to make a fair comparison for your Lexus GS 200t.

Get affordable car insurance quotes with discounts

Some insurance providers don’t necessarily list all disounts in an easy-to-find place, so we took the time to find some of the more common and the harder-to-find discounts you could be receiving when you buy insurance coverage online.

  • Anti-theft Discount – Cars that have factory anti-theft systems can help prevent theft so companies will give you a small discount.
  • Claim Free – Insureds who avoid accidents and claims can save substantially as opposed to insureds who have frequent claims or accidents.
  • Active Military Service – Having an actively deployed family member may lower your rates slightly.
  • Distant College Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from home without a vehicle on campus may be able to be covered for less.
  • Cautious Driver Discounts – Insureds without accidents can get discounts for up to 45% lower rates on GS 200t insurance than drivers with accidents.

As a disclaimer on discounts, most discount credits are not given to the entire policy premium. A few only apply to individual premiums such as medical payments or collision. So despite the fact that it appears adding up those discounts means a free policy, companies wouldn’t make money that way.

Larger car insurance companies and some of the discounts can be read below.

  • State Farm has savings for multiple autos, passive restraint, safe vehicle, multiple policy, and Steer Clear safe driver discount.
  • Liberty Mutual has discounts for safety features, multi-car, exclusive group savings, new vehicle discount, newly retired, newly married, and new graduate.
  • American Family offers premium reductions for mySafetyValet, multi-vehicle, good student, early bird, and Steer into Savings.
  • Progressive includes discounts for good student, multi-vehicle, continuous coverage, homeowner, online signing, and multi-policy.
  • Farmers Insurance may include discounts for youthful driver, early shopping, mature driver, business and professional, pay in full, electronic funds transfer, and distant student.
  • Auto-Owners Insurance may have discounts that include anti-lock brakes, company car, safe vehicle, group or association, teen driver, good student, and multiple vehicles.
  • SAFECO policyholders can earn discounts including accident prevention training, bundle discounts, anti-lock brakes, safe driver, and teen safe driver.

Before you buy a policy, ask each insurance company which discounts can lower your rates. Some credits may not apply in your area.

Tailor your car insurance coverage to you

When it comes to choosing coverage, there really is no best way to insure your cars. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that can aid in determining if you would benefit from an agent’s advice.

  • Am I covered when driving on a suspended license?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Should I sign the liability waiver when renting a car?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Should I rate my 2016 Lexus GS 200t as pleasure use or commute?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Specific coverages for a 2016 Lexus GS 200t

Understanding the coverages of your policy can help you determine the right coverages for your vehicles. Car insurance terms can be impossible to understand and coverage can change by endorsement. These are the usual coverages found on most car insurance policies.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for immediate expenses like ambulance fees, nursing services and chiropractic care. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Liability coverages

This coverage will cover damages or injuries you inflict on other’s property or people. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for things such as legal defense fees, funeral expenses, emergency aid and medical services. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

Comprehensive insurance

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as falling objects, damage from flooding and hitting a bird. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Lexus GS 200t.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these coverages are set the same as your liablity limits.

Collision insurance

Collision insurance will pay to fix damage to your GS 200t resulting from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as sideswiping another vehicle, backing into a parked car and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Better coverage you can count on

More affordable auto insurance can be sourced online and with local insurance agents, so you should compare both so you have a total pricing picture. There are still a few companies who do not offer internet price quotes and usually these small insurance companies provide coverage only through independent agents.

Throughout this article, we presented a lot of techniques to lower your 2016 Lexus GS 200t insurance premium rates. It’s most important to understand that the more companies you get prices for, the better your comparison will be. You may even discover the most savings is with some of the lesser-known companies. These companies can often insure niche markets at a lower cost than the large multi-state companies such as GEICO and State Farm.

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