2004 Lexus GS 300 Insurance Quotes – 10 Tips to Save

Want better insurance coverage rates for your Lexus GS 300? Buying affordable insurance coverage on the web can seem to be intimidating for consumers not familiar with shopping for insurance online. Because there are so many choices, how can drivers effectively compare them all to find the lowest rates?

Which Auto Insurance is Cheapest?

All the larger auto insurance companies like State Farm and Allstate provide pricing on the web. The process doesn’t take much effort as you just enter the coverages you want as requested by the quote form. When the form is submitted, the system requests reports for credit and driving violations and returns a price based on many factors.

Quoting online streamlines rate comparisons, but the work required to visit different websites and enter the same data into a form gets old quite quickly. But it’s absolutely necessary to have as many quotes as possible if you are searching for the lowest price.

An easier way to lower your rates utilizes a single form to return rates from many companies. The form is fast, eliminates repetitive work, and makes comparison shopping a little more enjoyable. Once the form is submitted, it is rated and you are able to buy any one of the resulting price quotes. If a lower price is quoted, you can click and sign and buy the policy. This process can be completed in less than 10 minutes and can result in significant savings.

To find out how much you can save on auto insurance, click here to open in new window and begin entering your coverage information. If you have your current policy handy, we recommend you complete the form with the coverage information exactly as shown on your declarations page. This makes sure you will receive comparison quotes using the exact same coverages.

Cut your premium with these ten discounts

Companies offering auto insurance don’t always list all their discounts in an easy-to-find place, so we break down some of the more common and the harder-to-find savings tricks you should be using.

Braking Control Discount – Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
Paperless Signup – A few companies may give you up to $50 for buying your policy on their website.
College Student – Youth drivers who are attending college and don’t have a car may be able to be covered for less.
No Charge for an Accident – A handful of insurance companies will allow you to have one accident before raising your premiums if your claims history is clear for a set time period.
Senior Discount – Mature drivers may qualify for reduced rates for GS 300 coverage.
Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in school.
Low Mileage – Keeping the miles down on your Lexus could qualify for lower rates on the low mileage vehicles.
Multiple Cars – Insuring all your vehicles on one policy could earn a price break for each car.
Lower Rates for Military – Being on active duty in the military could mean lower rates.
Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like it’s possible to get free car insurance, it just doesn’t work that way.

To see a list of insurers with the best insurance discounts, click this link.

What is the best insurance coverage?

When buying proper insurance coverage, there is no single plan that fits everyone. Everyone’s situation is unique.

For instance, these questions can aid in determining if your insurance needs might need an agent’s assistance.

Why am I required to get a high-risk car insurance policy?
What is no-fault insurance?
How high should my uninsured/underinsured coverage be in my state?
Is my custom paint covered by insurance?
Are all vehicle passengers covered by medical payments coverage?
Should I have a commercial auto policy?
Does my 2004 Lexus GS 300 qualify for pleasure use?
Is upholstery damage covered by car insurance?
Should I carry comprehensive and collision coverage?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Insurance coverages 101

Learning about specific coverages of a insurance policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Coverage for collisions

Collision coverage covers damage to your GS 300 resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like crashing into a ditch, driving through your garage door, crashing into a building and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Liability insurance

This protects you from injuries or damage you cause to other’s property or people in an accident. It protects you against claims from other people, 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. As an example, you may have liability limits of 50/100/50 which stand for 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.

Liability coverage protects against claims such as funeral expenses, structural damage, court costs, pain and suffering and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for bills for ambulance fees, doctor visits, pain medications, hospital visits and surgery. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Lexus GS 300.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Comprehensive auto coverage

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from flooding, hail damage and theft. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.