How to Save on Lexington Lexus GS 350 Insurance

Insurance quote for Lexus GS 350 in LexingtonThe most effective way to get more affordable Lexus GS 350 insurance is to regularly compare price quotes from providers in Lexington.

First, try to learn a little about how your policy works and the measures you can control to prevent rate increases. Many rating criteria that are responsible for high rates such as multiple speeding tickets and an unfavorable credit rating can be amended by making minor driving habit or lifestyle changes.

Second, compare prices from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like GEICO and Allstate, while independent agents can provide price quotes from multiple companies. View a list of agents

Third, compare the new rates to your current policy and see if there is a cheaper rate in Lexington. If you can save money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

The critical component of shopping around is to use the same liability limits and deductibles on each quote request and and to analyze all possible companies. Doing this enables an accurate price comparison and and a good selection of different prices.

It’s a known fact that auto insurance companies want to prevent you from shopping around. Consumers who get comparison quotes at least once a year will presumably switch auto insurance companies because they have good chances of finding a more affordable policy. A recent survey revealed that people who made a habit of comparing rate quotes saved on average $865 annually compared to other drivers who never shopped for cheaper rates.

If finding the best rates on car insurance is the reason you’re reading this, then learning a little about how to shop for car insurance can make it easier to shop your coverage around.

Locating the best insurance company for you in Lexington can really be easy if you know what you’re doing. If you already have coverage, you will most likely be able to reduce premiums using this information. But Kentucky vehicle owners must understand how big insurance companies price insurance differently and apply this information to your search.

How to get free Lexus GS 350 insurance quotes online

When comparison shopping, there are several ways of comparing rates from lots of Kentucky insurance companies. The easiest way by far to lower the rate you pay for insurance is to use the internet to compare rates.

Doing price comparisons online is so simple that it takes the place of having to spend time driving to and from local Lexington insurance agencies. Doing it all online has reduced the need for local agents unless you have a need for the peace of mind that only an agent can give. Some companies do allow you to get prices online and have a local agent actually service the policy. When comparison shopping, quoting more will increase your chances of finding the best price.

The companies shown below have been selected to offer quotes in Lexington, KY. If your goal is to find cheap auto insurance in KY, it’s highly recommended you compare several of them to get the most competitive price.

Car insurance does more than just protect your car

Even though it can be expensive, paying for car insurance is mandatory in Kentucky but it also protects more than you think.

The benefits of insuring your GS 350 outweigh the cost, particularly when you have a large claim. Today the average American driver is overpaying more than $865 each year so compare rate quotes at every policy renewal to ensure rates are inline.

Lexus GS 350 insurance rate analysis

The data table displayed below showcases estimates of coverage costs for Lexus GS 350 models. Learning a little about how policy premiums are established can be valuable when making decisions on which coverage to buy.

Lexus GS 350 Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $342 $674 $284 $16 $84 $1,400 $117
GS 350 AWD $378 $764 $284 $16 $84 $1,526 $127
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Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium amounts do not factor in zip code location which can increase or decrease premium rates greatly.

Deductible analysis

One common question asked by Lexington drivers is where to set your physical damage deductibles. The rates shown below illustrate the cost difference between high and low coverage deductibles. The first pricing table uses a $250 deductible and the second rate chart uses a $500 deductible.

Lexus GS 350 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $318 $576 $278 $16 $84 $1,297 $108
GS 350 AWD $350 $652 $278 $16 $84 $1,405 $117
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Lexus GS 350 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $258 $466 $278 $16 $84 $1,102 $92
GS 350 AWD $284 $526 $278 $16 $84 $1,188 $99
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Information does not factor in specific location information which can increase or decrease prices considerably.

Based on the above data, using a $250 deductible would cost the average driver about $17 more each month or $204 each year than opting for the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 15 months between claim filings, you would save money if you opt for a higher deductible.

The illustration below highlights how deductible choice and can affect Lexus GS 350 premium costs for each different age group. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

Full coverage versus liability-only in Lexington

The diagram below illustrates the comparison of Lexus GS 350 car insurance rates when comparing full coverage to liability only. The premiums are based on no claims, a clean driving record, $250 deductibles, drivers are single, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no clear-cut formula to stop paying for full coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s say your Lexus GS 350 replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after the deductible is paid. If it’s costing you more than $700 annually for full coverage, then it could be time to drop full coverage.

There are a few cases where removing full coverage is not advised. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not drop full coverage.

Cheaper Lexington insurance quotes with discounts

Insuring your fleet can be pricey, but you might find some hidden discounts that you may not even be aware of. Most are applied at quote time, but some discounts are required to be specially asked for prior to getting the savings.Cheaper insurance with discounts

Discounts lower rates, but most of the big mark downs will not be given to all coverage premiums. Most only cut individual premiums such as comp or med pay. So when it seems like you can get free auto insurance, it doesn’t quite work that way. But all discounts will help lower the premium cost.

The chart below visualizes the comparison of Lexus GS 350 auto insurance rates with and without discounts applied. The data is based on a female driver, no claims or driving violations, Kentucky state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, multi-policy, marriage, and homeowner discounts applied.

Auto insurance companies that may have these benefits may include but are not limited to:

Before you buy a policy, ask all the companies how you can save money. Depending on the company, some discounts might not be offered on policies in Lexington. For a list of companies offering insurance discounts in Kentucky, click here.

When to get professional advice

Keep in mind that when it comes to choosing insurance from an agent or online for your vehicles, there is no cookie cutter policy. Your financial needs are unique.Safe vehicles cost less to insure

For example, these questions can aid in determining if your situation might need professional guidance.

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