2002 Lexus GS 300 Insurance Cost – 10 Policy Discounts

Perplexed by the dozens of auto insurance company choices? Many other drivers are as well. Drivers have so many choices that it can quickly become a challenge to find lower rates.

You should make it a habit to take a look at other company’s rates quite often since rates fluctuate regularly. Just because you had the best rates for GS 300 coverage on your last policy there may be better deals available now. Block out anything you think you know about auto insurance because you’re about to learn the easiest way to find the best coverage while lowering your premiums.

Cheap Auto Insurance Comparisons

Performing a rate comparison can be a daunting task if you don’t understand the most efficient way to do it. You could spend your day discussing policy coverages with insurance companies in your area, or you can utilize the internet to achieve your goal.

Many companies enroll in a system where prospective buyers submit their information once, and at least one company returns a rated price for coverage. This prevents consumers from doing quotation requests for each company you want a rate for. To use this form to compare 2002 Lexus GS 300 insurance rates click here (opens in new window).

The only downside to pricing coverage this way is buyers cannot specifically choose which insurance companies to get pricing from. So if you want to select specific insurance companies to receive pricing from, we have a listing of auto insurance companies in your area. Click here to view list.

Whichever way you use, ensure you’re using the exact same coverages for every company. If you compare differing limits it’s not possible to determine the best price for your Lexus GS 300. Quoting even small variations in limits may cause a big price difference. And when comparing auto insurance rates, know that obtaining a wide range of quotes helps locate the best price.

Tailor your coverage to you

When it comes to choosing adequate coverage for your vehicles, there really is no cookie cutter policy. Everyone’s needs are different.

These are some specific questions might help in determining whether you would benefit from an agent’s advice.

• Does my policy cover me when driving someone else’s vehicle?
• When should my teen driver be added to my policy?
• Does my personal policy cover me when driving out-of-state?
• How do I file an SR-22 for a DUI in my state?
• Why am I required to get a high-risk car insurance policy?
• Do I need PIP coverage since I have good health insurance?
• Do I need added coverage for expensive stereo equipment?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form.

Car insurance policy specifics

Having a good grasp of your car insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Lexus GS 300.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits are set the same as your liablity limits.

Liability insurance – Liability insurance can cover damage that occurs to a person or their property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Occasionally you may see a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like bail bonds, legal defense fees, funeral expenses and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.

Comprehensive protection – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from getting keyed, damage from flooding, a tree branch falling on your vehicle, falling objects and hitting a deer. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like rehabilitation expenses, surgery and EMT expenses. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. They cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as backing into a parked car, driving through your garage door and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.