1998 Lexus GS 300 Insurance Cost

Searching for the cheapest auto insurance rates for your Lexus GS 300? Are you tired of scraping the payment together each month for car insurance? Your situation is no different than millions of other consumers. Numerous insurers battle for your insurance dollar, so it’s not easy to compare every provider and get the best coverage at the best price available.

Don’t miss out on these money-saving discounts

Companies don’t necessarily list all available discounts in an easy-to-find place, so the following is a list of both well-publicized as well as the least known discounts you could be receiving. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Bundle and Save – If you insure your home and vehicles with the same insurance company you could get a discount of 10% to 20% off each policy.
  • Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt could cut 10% or more on the medical payments or PIP coverage costs.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
  • One Accident Forgiven – Certain companies will allow you to have one accident before hitting you with a surcharge so long as you haven’t had any claims for a particular time prior to the accident.
  • Distant Student – Youth drivers who live away from home and don’t have a car can receive lower rates.
  • Senior Discount – If you’re over the age of 55, you may receive better auto insurance rates for GS 300 coverage.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same auto insurance policy could earn a price break for each car.
  • Payment Method – By paying your policy upfront instead of paying each month you could save up to 5%.
  • Auto/Life Discount – Select insurance companies reward you with a break if you buy auto and life insurance together.

Drivers should understand that most credits do not apply the the whole policy. Most only reduce individual premiums such as comprehensive or collision. So even though they make it sound like you could get a free auto insurance policy, companies wouldn’t make money that way.

To see a list of providers with the best auto insurance discounts, click here to view.

Automobile Insurance Quotes

Getting a lower price on 1998 Lexus GS 300 insurance can be quick and easy. The only requirement is to take the time comparing rate quotes online with multiple companies. This is very easy and can be done in a couple of different ways.

  1. The fastest way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This type of form eliminates the need for separate quotation requests for each company. One form submission gets rate comparisons from all major companies.
  2. A more time consuming way to compare rate quotes is to take the time to go to each company’s website to complete a price quote. For sake of this example, let’s say you want to compare rates from Farmers, State Farm and American Family. To get each rate you have to take the time to go to each site to enter your coverage information, and that’s why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

  3. The least efficient method of getting rate comparisons is to spend time driving to insurance agents’ offices. The internet makes this process obsolete unless you require the professional advice only provided by licensed agents. You can, however, compare the best prices online but buy from a local insurance agent. We’ll cover that shortly.

Whichever method you choose, ensure you are comparing the exact same deductibles and coverage limits with each company. If each company quotes different values for each quote it’s impossible to truly determine the lowest rate.

Some factors that can determine what Lexus GS 300 insurance costs

It’s important that you understand the factors that go into determining your insurance coverage rates. Understanding what controls the rates you pay helps enable you to make changes that may reward you with much lower annual insurance costs.

Listed below are some of the items that factor into rates.

  • Drive less and save money – The higher the mileage driven in a year’s time the more you will pay for insurance coverage. Most companies charge to insure your cars based on how the vehicle is used. Vehicles that are left in the garage qualify for better rates than those used for commuting. Having the wrong rating on your GS 300 can cost quite a bit. Verify your insurance coverage declarations sheet is rated on the correct usage for each vehicle.
  • Little extras can really add up – There are many additional coverages that you can get tricked into buying on your insurance coverage policy. Things like vanishing deductibles, accidental death and motor club memberships are some examples. These may sound like a good investment when you first buy your policy, but if you don’t need them remove them from your policy.
  • Do you have a high stress job? – Did you know that where you work can have an impact on rates? Occupations like judges, architects and dentists tend to have the highest average rates attributed to high stress and long work hours. Other occupations such as scientists, historians and performers receive lower rates for GS 300 coverage.
  • Careful drivers pay lower rates – A bad driving record has a lot to do with how much you pay for insurance. Even one speeding ticket can bump up the cost forty percent or more. Drivers who don’t get tickets tend to pay less for car insurance than their less careful counterparts. If you have dangerous violations such as DUI or reckless driving may find they need to file a SR-22 with the DMV in their state in order to prevent a license revocation.
  • Do you qualify for a multi-policy discount? – Many companies will award you with lower prices to policyholders who carry more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, you still need to shop around to verify if the discount is saving money. You may still find better rates by buying insurance coverage from a different company.
  • Save money with special equipment – Driving a car with a theft deterrent system can help lower your rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder car theft.
  • Are you male or female? – Statistics demonstrate that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. Men and women tend to get into accidents in similar numbers, but the men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations such as DWI and reckless driving.

Do I need special coverages?

When it comes to choosing adequate coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different and your policy should reflect that. These are some specific questions can help discover if your situation would benefit from professional advice.

  • Am I covered when delivering products for my home-based business?
  • Where can I find high-risk insurance?
  • What vehicles should carry emergency assistance coverage?
  • Can I get a multi-policy discount?
  • Who is covered when they drive my 1998 Lexus GS 300?
  • Is my cargo covered for damage or theft?
  • How many claims can I have before being cancelled?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.

Specific coverage details

Knowing the specifics of your policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement. These are typical coverages found on most insurance policies.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for immediate expenses for dental work, EMT expenses, nursing services and doctor visits. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Lexus GS 300.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision coverage protection

Collision insurance covers damage to your GS 300 resulting from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like sideswiping another vehicle, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also choose a higher deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like a broken windshield, rock chips in glass and damage from getting keyed. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Auto liability

This provides protection from damage or injury you incur to other people or property that is your fault. This coverage protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims like pain and suffering, medical expenses, bail bonds and legal defense fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Cheaper insurance is a realistic goal

The cheapest 1998 Lexus GS 300 insurance is available both online as well as from independent agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies don’t offer online price quotes and usually these small insurance companies provide coverage only through local independent agents.

As you prepare to switch companies, you should never buy lower coverage limits just to save a few bucks. There have been many cases where consumers will sacrifice physical damage coverage only to regret that the savings was not a smart move. Your focus should be to purchase plenty of coverage at the best price.

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