2003 Lexus GS 300 Car Insurance Quotes – 5 Tips to Save

Nobody I know likes paying for insurance coverage, especially when they are aware that they are paying too much. Numerous insurers battle to insure your vehicles, so it’s not easy to compare every company to find the absolute best rate

It’s a good idea to do price comparisons yearly because insurance prices are usually higher with each renewal. Just because you had the lowest rate on GS 300 insurance last year a different company probably has better premium rates today. Block out anything you think you know about insurance coverage because it’s time to teach you the right way to find lower rates on insurance coverage.

Finding insurance coverage

Getting more affordable 2003 Lexus GS 300 insurance coverage pricing is pretty simple and can save money. Consumers just need to take a couple of minutes to compare rate quotes provided by online insurance companies. It’s really simple and can be done using one of these methods.

Experts agree that the best way consumers can analyze rates is to use a rate comparison form click to view form in new window. This method saves time by eliminating separate quotation requests for each company. In just a few minutes this one form gets rate comparisons from multiple low-cost companies.
A more time consuming way to find lower rates is to take the time to go to the website of each company to request a price quote. For instance, we’ll pretend you want to compare prices for USAA, 21st Century and Liberty Mutual. In order to compare rates, you need to take the time to go to each site and enter your policy data, which is why most consumers use the first method.
For a handy list of car insurance company links in your area, click here.

It’s up to you how you get prices quotes, just do your best to use identical quote data for each price quote. If you use unequal deductibles or liability limits it will be nearly impossible to make an equal comparison.

Verify you’re applying every discount

Insurance is not cheap nor is it fun to buy but you might already qualify for some discounts that can drop the cost substantially. Larger premium reductions will be automatically applied when you quote, but once in a while a discount must be manually applied before you get the savings.

Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class in high school.
Use Seat Belts – Buckling up and requiring all passengers to buckle up can save 10% or more on the medical payments or PIP coverage costs.
ABS Braking Discount – Cars with ABS braking systems or traction control are safer to drive and will save you 10% or more.
Theft Prevention Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
Distant College Student Discount – who are enrolled in higher education away from home and do not take a car to college can be insured at a reduced rate.

Just know that some of the credits will not apply to the entire policy premium. Some only apply to the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like all those discounts means the company will pay you, that’s just not realistic.

The best insurance companies and some of the discounts are shown below.

Farm Bureau may have discounts that include driver training, safe driver, good student, multi-vehicle, multi-policy, youthful driver, and 55 and retired.
State Farm offers discounts for Steer Clear safe driver discount, driver’s education, multiple autos, multiple policy, and anti-theft.
Progressive may offer discounts for online signing, multi-policy, multi-vehicle, homeowner, and online quote discount.
Allstate policyholders can earn discounts including anti-theft, farm vehicle, good payer, resident student, 55 and retired, eSmart discount, and EZ pay plan discount.
Nationwide has savings for Farm Bureau membership, defensive driving, family plan, multi-policy, anti-theft, and easy pay.
MetLife includes discounts for good driver, good student, defensive driver, claim-free, and multi-policy.

When quoting, ask every prospective company which discounts can lower your rates. Some of the earlier mentioned discounts might not be offered in your area. If you would like to see a list of providers that offer multiple discounts, click here.

When should I discuss my situation with an agent?

When buying proper insurance coverage for your personal vehicles, there really is no cookie cutter policy. Each situation is unique so your insurance needs to address that. For example, these questions may help highlight if your insurance needs might need professional guidance.

What is PIP insurance?
Do I need medical payments coverage since I have good health insurance?
Why am I required to buy liability insurance?
Will my insurance pay for OEM parts?
Should I drop comprehensive coverage on older vehicles?
Am I covered when pulling a rental trailer?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Coverages available on your policy

Learning about specific coverages of a insurance policy aids in choosing the right coverages for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverage types available from insurance companies.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like rock chips in glass, a broken windshield, vandalism and fire damage. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverage

Liability coverage protects you from damages or injuries you inflict on a person or their property by causing an accident. 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 policy limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage pays for things like structural damage, court costs, repair bills for other people’s vehicles and medical services. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Coverage for collisions

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

Collision coverage protects against things like damaging your car on a curb, scraping a guard rail, rolling your car, sideswiping another vehicle and hitting a parking meter. This coverage can be expensive, so consider dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

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 injuries to you and your family and also any damage incurred to your Lexus GS 300.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Medical expense insurance

Med pay and PIP coverage kick in for short-term medical expenses like EMT expenses, chiropractic care and doctor visits. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay