1995 Lexus GS 300 Insurance Quotes – 8 Ideas for Cheapest Rates

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us when we tell you many consumers feel financially strained by their car insurance policy. Big-name insurance companies like Allstate, Progressive and GEICO constantly blast consumers with ad campaigns and it is challenging if not impossible to see through the deception and take the time to shop coverage around.

How to Get Insurance Comparison Quotes

All major insurance companies such as Progressive, Allstate and GEICO allow you to get pricing online. Obtaining pricing doesn’t take a lot of time as you simply enter the coverages you want into the quote form. After you complete the form, the system pulls your driving record and credit report and quotes a price based on many factors. Being able to quote online makes comparing rates easy, but the time it takes to visit multiple sites and type in the same information is not the best way to spend an afternoon. Unfortunately, it is important to get many rate quotes in order to get lower prices.

The smarter way to compare rates makes use of a single form that gets price quotes from many companies. It saves time, helps eliminate reptitive entry, and makes price shopping online much more enjoyable and efficient. As soon as the form is sent, it is quoted with multiple companies and you can pick any or none of the quote results. If you find a better price you can simply submit the application and buy the policy. The whole process takes just a few minutes to complete and you’ll know if lower rates are available.

To compare rates using this form now, click here and enter your information. If you have a policy now, it’s recommended you type in your coverages as close as possible to your current policy. This way, you will receive rate comparison quotes for similar coverage.

Are you getting all your discounts?

Auto insurance companies don’t necessarily list every available discount in an easy-to-find place, so the following is a list of both the well known as well as the least known savings tricks you should be using. If they aren’t giving you every credit you qualify for, you are paying more than you should be.

  • Multi-car Discount – Buying insurance for more than one vehicle on one policy qualifies for this discount.
  • Federal Government Employee – Employees or retirees of the government could cut as much as 10% off on GS 300 insurance depending on your company.
  • Seat Belts Save – Drivers who require all occupants to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
  • Low Mileage Discounts – Low mileage vehicles could be rewarded with a substantially lower rate.
  • Life Insurance – Companies who offer life insurance give lower rates if you buy auto and life insurance together.
  • Multiple Policy Discount – If you have multiple policies with one insurance company you may save approximately 10% to 15%.
  • Homeowners Pay Less – Being a homeowner can help you save on insurance because owning a home shows financial diligence.

As a disclaimer on discounts, most discounts do not apply to the entire policy premium. Some only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like you could get a free insurance policy, companies wouldn’t make money that way.

For a list of companies who offer insurance discounts, follow this link.

When might I need an agent?

When it comes to buying proper insurance coverage, there is no one size fits all plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if your situation would benefit from an agent’s advice.

  • Does coverage extend to a rental car in a foreign country?
  • What is an SR-22 filing?
  • Which is better, split liability limits or combined limits?
  • Am I covered when delivering products for my home-based business?
  • Can my babysitter drive my car?
  • Do I have coverage if my license is suspended?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Are my tools covered if they get stolen from my vehicle?
  • What happens if I owe more than my 1995 Lexus GS 300 is worth?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Misconceptions in auto insurance advertisements

Consumers can’t get away from ads for car insurance savings by companies like Progressive, Allstate and GEICO. All the companies make an identical promise about savings after switching to them.

How does each company make the same claim? This is how they do it.

Insurance companies have a certain “appetite” for the type of driver they prefer to insure. For instance, a profitable customer could be between the ages of 40 and 55, owns a home, and drives less than 10,000 miles a year. A driver who matches those parameters will get the preferred rates and is almost guaranteed to save when they switch companies.

Potential customers who don’t meet these standards will have to pay higher premiums and this can result in business not being written. The ads state “drivers who switch” not “people who quote” save that much money. This is how insurance companies can confidently claim big savings. Because of the profiling, you need to get as many comparisons as possible. It’s not possible to predict which auto insurance company will provide you with the cheapest Lexus GS 300 insurance rates.

Auto insurance 101

Learning about specific coverages of your policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are the usual coverages available from auto insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Liability auto insurance

Liability insurance protects you from damage or injury you incur to other’s property or people in an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage pays for claims like emergency aid, pain and suffering, funeral expenses and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.

Collision insurance

Collision insurance pays for damage to your GS 300 caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as backing into a parked car, sideswiping another vehicle, colliding with another moving vehicle, hitting a parking meter and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like ambulance fees, doctor visits, funeral costs, rehabilitation expenses and pain medications. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like rock chips in glass, damage from flooding and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Get your money’s worth

As you shop your coverage around, it’s not a good idea to buy less coverage just to save a little money. There are a lot of situations where an insured cut comprehensive coverage or liability limits and discovered at claim time they didn’t purchase enough coverage. The ultimate goal is to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

Lower-priced 1995 Lexus GS 300 insurance can be found both online in addition to many insurance agents, so you should be comparing quotes from both to get a complete price analysis. There are still a few companies who do not provide the ability to get a quote online and these small insurance companies work with independent agents.

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