2010 Lexus GS 350 Insurance Quotes – 10 Discounts for Cheaper Rates

Are you overwhelmed by the number of insurance coverage companies available to you? Many other drivers are too. There are so many options that it can turn into a lot of work to find a more affordable company.

How to buy auto insurance online

To find cheap rates, there are a couple of ways of comparing price quotes from local auto insurance companies. The easiest way to compare 2010 Lexus GS 350 insurance prices is to use the internet to compare rates. This is very easy and can be done in a couple minutes as outlined below.

  1. The recommended way to get the best comparison quotes is a comparison rater form like this one (opens in new window). This quick form eliminates the need for boring form submissions for each company. Just one form gets you price quotes direct from many companies. It’s the fastest way to compare.
  2. A more time consuming way to find better pricing is spending the time to visit each individual company website and fill out a new quote form. For example, let’s assume you want to compare rates from Farmers, Safeco and Travelers. You would have to go to every website to enter the same coverage data repeatedly, which is why the first method is more popular. For a list of companies in your area, click here.

It’s up to you which method you use, but make sure you use apples-to-apples coverage limits and deductibles on every quote you get. If you use mixed coverages then you won’t be able to truly determine the lowest rate. Just a small difference in insurance coverages can mean a large discrepancy in price. And when comparing auto insurance rates, know that comparing more rates from different companies will improve the odds of getting better pricing.

More discounts mean cheaper premiums

Car insurance is not cheap, but there could be available discounts to help bring down the price. Certain credits will be shown at the time you complete a quote, but once in a while a discount must be asked for before they will apply.

  • Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class as it will make them better drivers and lower rates.
  • Homeowners Savings – Owning your own home or condo can help you save on insurance due to the fact that maintaining a home is proof that your finances are in order.
  • Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a break if you buy a life policy as well.
  • Discount for New Cars – Putting insurance on a new car can save up to 30% since newer models have better safety ratings.
  • Federal Government Employee – Having worked for a branch of the government can save as much as 8% for GS 350 insurance with certain companies.
  • Renewal Discounts – A few companies offer discounts for renewing your policy early. You could save around 10% when you buy insurance online.
  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices help deter theft and therefore earn up to a 10% discount.
  • Mature Driver Discount – If you’re over the age of 55, you may receive lower premium rates for GS 350 insurance.
  • Defensive Driver – Taking part in a course in driver safety can save you 5% or more and easily recoup the cost of the course.
  • Good Student – Getting good grades can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.

A little disclaimer on discounts, most discounts do not apply to your bottom line cost. Most only cut the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, it just doesn’t work that way.

To locate insurance companies that can offer you the previously mentioned discounts, click here.

It’s not one size fits all

When buying proper insurance coverage for your vehicles, there isn’t really a one size fits all plan. Every insured’s situation is different.

These are some specific questions may help highlight if your insurance needs would benefit from an agent’s advice.

  • Who is covered when they drive my 2010 Lexus GS 350?
  • Am I getting all the discounts available?
  • What if I owe more than I can insure my car for?
  • Will my rates increase for filing one claim?
  • Is motorclub coverage worth it?
  • Should I drop comprehensive coverage on older vehicles?
  • Am I covered when driving in Canada or Mexico?
  • Are my tools covered if they get stolen from my vehicle?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form.

Parts of your insurance policy

Learning about specific coverages of your insurance policy can be of help when determining the best coverages and the correct deductibles and limits. Insurance terms can be confusing and even agents have difficulty translating policy wording.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your Lexus GS 350.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Most of the time the UM/UIM limits are set the same as your liablity limits.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like prosthetic devices, surgery, chiropractic care, EMT expenses and ambulance fees. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Auto liability – This will cover damage that occurs to other’s property or people. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as pain and suffering, emergency aid, bail bonds, court costs and attorney fees. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

Collision coverages – This covers damage to your GS 350 resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as colliding with another moving vehicle, backing into a parked car, sustaining damage from a pot hole and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Comprehensive insurance – This will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like hitting a deer, vandalism, falling objects, damage from getting keyed and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Buy Smart and Save

People change insurance companies for a variety of reasons including high prices, questionable increases in premium, extreme rates for teen drivers and even an unsatisfactory settlement offer. Regardless of your reason, finding a new car insurance company is pretty simple and you could end up saving a buck or two.

When shopping online for car insurance, never skimp on coverage in order to save money. In many cases, consumers will sacrifice uninsured motorist or liability limits to discover at claim time that it was a big mistake. The goal is to buy enough coverage at the best cost, but do not sacrifice coverage to save money.

The cheapest 2010 Lexus GS 350 insurance is available online in addition to local insurance agencies, so you should compare both to have the best rate selection. Some car insurance companies do not offer online rate quotes and usually these smaller providers work with local independent agents.

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