Compare 1997 Lexus GS 300 Insurance Quotes

Sick and tired of trying to scrape together enough money to insure your Lexus every month? You are no different than many other consumers. Lots of insurance companies contend for your business, and because of this it can be hard to compare insurance companies and get the best coverage at the lowest rate

Low Cost Insurance Coverage

There are a variety of methods you can shop for 1997 Lexus GS 300 insurance coverage but some are less labor-intensive and much quicker. You could waste time talking to local insurance agents in your area, or you can utilize the internet to get pricing more quickly.

Many popular insurance companies belong to a marketplace that allows shoppers to only type in their quote data once, and each participating company returns a rated price based on the submitted data. This system prevents you from having to do quote forms for every insurance coverage company.

To compare pricing click to open in new window.

The single downside to pricing coverage this way is that you can’t choose which carriers you will receive quotes from. So if you want to select specific insurance companies to compare, we have assembled a list of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

However you get your quotes, double check that you are using exactly the same coverage limits on every quote. If you compare differing limits it’s not possible to determine which rate is truly the best.

Cut your insurance coverage rates with discounts

Companies offering auto insurance don’t necessarily list every discount very clearly, so we researched both well-publicized and also the lesser-known insurance coverage savings. If you’re not getting every credit you deserve, you are paying more than you should be.

  • No Claims – Drivers with accident-free driving histories can earn big discounts as compared to frequent claim filers.
  • Employee of Federal Government – Simply working for the federal government can save as much as 8% for GS 300 coverage with certain companies.
  • Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Multi-car Discount – Having more than one vehicle on one policy can get a discount on all vehicles.
  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates for GS 300 coverage than their less cautious counterparts.
  • Save with a New Car – Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Discount for Life Insurance – Larger companies have a break if you buy auto and life insurance together.
  • Memberships – Belonging to a professional or civic organization could qualify you for a break on insurance coverage for GS 300 coverage.
  • Distant Student – Kids in college living away from home attending college and don’t have a car can be insured at a reduced rate.

It’s important to understand that many deductions do not apply to the entire cost. A few only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, companies don’t profit that way.

To see a list of providers who offer insurance coverage discounts, click this link.

Lesser-known factors impacting Lexus GS 300 insurance rates

Smart consumers have a good feel for the rating factors that come into play when calculating the rates you pay for insurance. Knowing what impacts premium levels allows you to make educated decisions that can help you get big savings.

The list below includes a few of the “ingredients” companies use to determine your rates.

  • How credit affects insurance rates – Having a bad credit history is a huge factor in your rate calculation. So if your credit is not that good, you could potentially save money when insuring your 1997 Lexus GS 300 by improving your credit score. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have lower credit scores.
  • Your location is important – Choosing to live in a rural area can be a good thing when talking about insurance. Fewer people translates into fewer accidents and also fewer theft and vandalism claims. Drivers in populated areas have much more traffic to deal with and longer commutes to work. More time commuting means higher likelihood of an accident.
  • Rates may be lower depending on your job – Occupations such as real estate brokers, social workers and accountants tend to have higher rates than average attributed to high stress and long work hours. On the flip side, occupations like farmers, athletes and the unemployed receive lower rates for GS 300 coverage.
  • Liability insurance protects assets – The liability section of your policy is the protection when a court rules you are at fault for personal injury or accident damage. It provides for a legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not cut corners here.
  • Consolidate policies to earn discounts – Some insurers provide better rates to insureds who buy several policies from them. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. Even with this discount, it’s in your best interest to compare rates to confirm you are receiving the best rates possible.
  • Your spouse saves you money – Being married helps lower the price when buying insurance. Having a spouse means you’re more mature and responsible it has been statistically shown that married drivers get in fewer accidents.

You are unique and your insurance should be too

When choosing proper insurance coverage for your vehicles, there is no single plan that fits everyone. Every insured’s situation is different so your insurance needs to address that. These are some specific questions might point out whether your personal situation will benefit from professional help.

  • When would I need additional glass coverage?
  • I don’t drive much so do I pay less?
  • Is my state a no-fault state?
  • How do I file an SR-22 for a DUI in my state?
  • What if I owe more than I can insure my car for?
  • How much liability do I need to cover my assets?
  • What vehicles should carry emergency assistance coverage?
  • How do I insure my teen driver?
  • Why am I required to get a high-risk car insurance policy?
  • Is my ex-spouse still covered by my policy?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Do drivers who switch really save $465 a year?

Consumers can’t ignore all the ads that promise big savings by companies like Allstate and Progressive. They all make the same claim that you can save if you switch to them.

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

All companies can use profiling for the type of customer that makes them money. For instance, a preferred risk might be over the age of 50, has no prior claims, and chooses high deductibles. Any driver that hits that “sweet spot” will qualify for the lowest rates and as a result will probably save quite a bit of money when switching.

Potential insureds who fall outside these standards will be charged higher premiums which leads to the customer not buying. The ad wording is “drivers who switch” not “everybody who quotes” save money. That’s why companies can truthfully state the savings. That is why you need to get quotes from several different companies. It’s not possible to predict which company will provide you with the cheapest Lexus GS 300 insurance rates.

Insurance coverage options for a 1997 Lexus GS 300

Learning about specific coverages of insurance can help you determine the best coverages and the correct deductibles and limits. Insurance terms can be ambiguous and coverage can change by endorsement. Below you’ll find the usual coverages found on most insurance policies.

Auto liability insurance

Liability insurance will cover damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have 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 property damage coverage for $50,000.

Liability coverage protects against things such as repair bills for other people’s vehicles, bail bonds, legal defense fees and medical services. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from flooding, rock chips in glass, falling objects, a tree branch falling on your vehicle and fire damage. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Lexus GS 300.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Coverage for collisions

This coverage pays for damage to your GS 300 resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a building, crashing into a ditch and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for bills for surgery, rehabilitation expenses and hospital visits. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Stretch your dollar

As you shop your coverage around, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many cases, drivers have reduced uninsured motorist or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage at a price you can afford.

In this article, we presented quite a bit of information on how to lower your 1997 Lexus GS 300 insurance rates. It’s most important to understand that the more providers you compare, the higher the chance of saving money. Consumers could even find that the most savings is with some of the lesser-known companies. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm, Geico and Nationwide.

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