View 2018 Lexus GS 300 Insurance Rates

Nobody I know rejoices having to buy insurance, in particular when they could find lower prices if they just compared rates. Popular companies such as State Farm and GEICO continually bombard you with advertising and it is difficult to not get sucked in by the cute commercials and take the time to shop coverage around.

These discounts can lower car insurance rates

Auto insurance companies don’t always advertise every possible discount very clearly, so the list below contains some of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy car insurance online.

  • Club Memberships – Affiliation with qualifying clubs or civic groups may earn a discount when shopping for car insurance.
  • College Student Discount – College-age children who live away from home to go to college and won’t have access to an insured vehicle may qualify for this discount.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to wear their seat belts can save a little on the medical payments or PIP coverage costs.
  • Discount for Life Insurance – Insurance companies who offer life insurance give a discounted car insurance rate on car insurance if you buy some life insurance in addition to your auto policy.
  • Theft Prevention Discount – Cars and trucks with anti-theft systems prevent vehicle theft and earn discounts up to 10% off your car insurance quote.
  • Telematics Data Discounts – Drivers who agree to allow companies to analyze where and when they drive by using a telematic data system such as Progressive’s Snapshot may get a rate reduction as long as the data is positive.
  • Discount for Multiple Policies – If you can combine your auto and homeowners policy with one insurance company you may save at least 10 to 15 percent or more.

Remember that most of the big mark downs will not be given the the whole policy. The majority will only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, car insurance companies aren’t that generous. But all discounts should help reduce the amount you pay for coverage.

A partial list of companies that possibly offer these discounts include:

When quoting, ask each company to give you their best rates. Depending on the company, some discounts might not be offered in your area.

Learn how to lower your insurance premiums

One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that play a part in calculating the level of your policy premiums. When you understand what determines premiums, this helps enable you to make changes that can earn you better auto insurance rates. Many different elements are part of the equation when you quote your car insurance policy. A few of the factors are predictable like your driving record, although others are less apparent like your continuous coverage or how safe your car is.

  • Consolidate policies with the same company – The majority of auto insurance companies apply better rates to policyholders that have more than one policy in the form of a multi-policy discount. Even with this discount applied, you still need to compare other company rates to make sure you are getting the best deal. It’s possible to still save even more than the discount even if you have your coverage with different companies
  • Deter vehicle theft – Selecting a car model with advanced anti-theft systems can help lower your rates. Theft prevention features such as OnStar, LoJack tracking, and tamper alarms all hinder your vehicle from being stolen.
  • Marriage pays dividends – Getting married can actually save you money when shopping for auto insurance. Having a spouse is viewed as being more mature and responsible and statistics prove married couples file fewer claims.
  • Lower rates come with age – Teenage drivers tend to be inattentive when driving so they pay higher auto insurance rates. Older insureds are proven to be safer behind the wheel, tend to cause fewer accidents and are safer drivers.
  • Proper usage rating affects costs – The more you drive your Lexus annually the more it will cost to insure it. Most insurance companies charge to insure your cars determined by how the vehicle is used. Cars that sit idle most of the time qualify for better rates than vehicles that are driven to work every day. Make sure your policy correctly shows the correct usage for each vehicle, because improper ratings can cost you money. A policy that improperly rates your GS 300 is throwing money out the window.
  • Excellent credit equals lower prices – Your credit score is a large factor in determining your rates. Drivers who have very good credit scores tend to be less risk to insure than drivers who have lower credit scores. Therefore, if your credit score could use some work, you could potentially save money when insuring your 2018 Lexus GS 300 if you improve your credit rating.

When do I need an agent’s advice?

When buying the best auto insurance coverage for your vehicles, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions might point out whether you may require specific advice.

  • Can I rent a car in Mexico?
  • Does medical payments coverage apply to all occupants?
  • Should I waive the damage coverage when renting a car?
  • What can I do if my company won’t pay a claim?
  • Do I have coverage when pulling a U-Haul trailer?
  • What are the financial responsibility laws in my state?
  • Do I need roadside assistance coverage?
  • Will my rates increase for filing one claim?
  • What is the rate difference between pleasure use and commuting?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It is quick, free and can help protect your family.

Auto insurance policy specifics

Having a good grasp of your auto insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Listed below are typical coverages found on most auto insurance policies.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for immediate expenses for things like chiropractic care, funeral costs, prosthetic devices and surgery. They can be utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Auto liability

Liability coverage provides protection from injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things such as structural damage, court costs, legal defense fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive coverage

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as falling objects, fire damage, a tree branch falling on your vehicle, damage from getting keyed and hitting a bird. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Coverage for collisions

This coverage covers damage to your GS 300 from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as colliding with a tree, driving through your garage door, rolling your car, sustaining damage from a pot hole and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

In the end, you save

As you quote car insurance, you should never skimp on coverage in order to save money. There are too many instances where an insured dropped liability limits or collision coverage only to find out that the savings was not a smart move. The aim is to buy enough coverage for the lowest cost, but do not skimp to save money.

Cheaper insurance coverage can be purchased both online as well as from insurance agents, and you should be comparing both to have the best chance of lowering rates. Some insurance providers may not have the ability to get a quote online and most of the time these small, regional companies only sell through local independent agents.

Even more information can be found by following these links: