Car Insurance Rates for a Lexus GS 350 in Irvine

It takes a few minutes, but the best way to get the cheapest Lexus GS 350 insurance is to start comparing prices regularly from insurance carriers that sell auto insurance in Irvine. Drivers can shop around by following these steps.

Step 1: Try to learn about how companies set rates and the things you can control to drop your rates. Many factors that drive up the price like speeding tickets, careless driving and a substandard credit history can be improved by paying attention to minor details.

Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes from multiple companies. Get quotes now

Step 3: Compare the quotes to your current policy to see if a cheaper rate is available in Irvine. If you find better rates and switch companies, make sure there is no coverage gap between policies.

Step 4: Give proper notification to your current agent or company to cancel your existing policy. Submit a completed policy application and payment to the new company. Make sure you put the new proof of insurance paperwork in your vehicle’s glove compartment or console.

One key aspect of rate comparisons is to use similar coverage information on every quote request and and to analyze as many different insurance providers as possible. This ensures an apples-to-apples comparison and a thorough price selection.

It’s safe to assume that car insurance companies want to keep you from shopping around. Drivers who shop around for the cheapest rate are inclined to buy a different policy because there is a significant possibility of finding a cheaper policy. A recent survey revealed that drivers who faithfully checked for cheaper rates saved approximately $3,400 over four years compared to people who didn’t regularly shop around.

If saving the most money on insurance in Irvine is the reason you’re reading this, then having a grasp of the best ways to shop for cheaper coverage can save time and make the process easier.

How Car Insurance Companies Calculate Lexus GS 350 Insurance Prices

When buying insurance it’s important to understand some of the factors that play a part in calculating your premiums. If you have some idea of what determines premiums, this enables informed choices that will entitle you to cheaper rates. Lots of things are part of the calculation when premium rates are determined. A few of the factors are predictable like an MVR report, but other criteria are more transparent like where you live or how financially stable you are.

The following are some of the most rate-impacting factors companies use to determine prices.

• Raising deductibles saves money – The deductibles are the amount of money you are required to pay if the claim is covered. Physical damage coverage, also known as collision and other-than-collision, protects your car from damage. Some examples of covered claims are colliding with a stationary object, fire damage, and having a roll-over accident. The more money the insured is willing to pay, the better rate you will receive.

• Driving citations inflate premiums – Attentive drivers get better prices as compared to careless drivers. Having a single driving citation can boost insurance rates by twenty percent. Drivers who have received dangerous tickets such as DUI or reckless driving may find that they have to to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.

  The illustration below illustrates how traffic citations and at-fault collisions can impact Lexus GS 350 car insurance costs for each age group. The price estimates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.

• Getting married can lower costs – Walking down the aisle helps lower the price on insurance. Marriage is viewed as being less irresponsible and it’s proven that married drivers get in fewer accidents.

• Expect high rates for teens – Mature drivers are more responsible, are lower risk to insure, and tend to be get fewer driving tickets. Inexperience drivers are statistically proven to be less responsible when behind the wheel so they pay higher insurance rates.

  The following chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Lexus GS 350 claim statistics – Insurers analyze the history of losses as a tool for profitable underwriting. Models that the data shows to have increased losses will cost more to insure. The table below illustrates the compiled insurance loss statistics for Lexus GS 350 vehicles.

  For each coverage type, the loss probability for all vehicles, regardless of make or model, is represented as 100. Percentage values below 100 suggest losses that are better than average, while values over 100 show a trend for more claims or a tendency for losses to be larger than average.

  
  

  Insurance Loss Ratings for Lexus GS 350 Vehicles

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Lexus GS 350 4dr 2WD	160	78	190	81	107	79
  Lexus GS 350 4dr 4WD	169	90	217	91	85	68

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance data for a Lexus GS 350

The premium information displayed next covers different policy rates for Lexus GS 350 models. Having a better understanding of how insurance rates are established is important for you to make decisions when shopping your coverage around.

Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium costs do not factor in garaging location in Irvine which can affect coverage rates significantly.

Should you raise deductibles?

One of the more difficult decisions when buying auto insurance is how high should the physical damage deductibles be. The comparisons below can help you visualize the difference in cost between high and low policy deductibles. The first set of rates uses a $250 physical damage deductible and the second rate chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Price information does not factor in specific location information which can impact price quotes noticeably.

Based on this data, using a $250 deductible would cost the average driver about $23 more each month or $276 a year than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at least 11 months between claims, you would save more money if you elect the higher deductible.

An important sidenote is that raising deductibles to save money means you will have to pay more of your own money when you have a claim. You must have enough money put aside in the event you need to pay the deductible to have repairs made.

The illustration below shows how choosing a deductible and can raise or lower Lexus GS 350 insurance costs for different age groups of insureds. The rates are based on a married female driver, comp and collision included, and no policy discounts are applied.

Save money with these discounts on Lexus GS 350 insurance in Irvine

Some companies don’t always advertise all their discounts very clearly, so the following list contains a few of the more well known in addition to some of the lesser obvious discounts that may be available.

• Anti-lock Brake Discount – Cars and trucks that have anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
• Good Grades Discount – Maintaining excellent grades can get you a discount of up to 25%. Most companies allow this discount well after school through age 25.
• Drive Less and Save – Maintaining low annual mileage could earn substantially lower premium rates.
• Bundle and Save – If you have multiple policies with the same company you could earn a discount of as much as 10 to 15 percent.
• Air Bags and Passive Restraints – Vehicles with factory air bags can receive discounts of 20% or more.
• Sign Early and Save – Select larger companies give a discount for renewing your policy prior to your current GS 350 insurance policy expiring. You could save around 10% when you buy Irvine car insurance online.

You should keep in mind that many deductions do not apply to the entire cost. Some only reduce the price of certain insurance coverages like comp or med pay. Just because you may think adding up those discounts means a free policy, insurance companies wouldn’t stay in business. Any amount of discount will cut your overall bill.

The information below illustrates the difference between Lexus GS 350 auto insurance rates with and without policy discounts. The data assumes a male driver, no claims or driving violations, California state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, homeowner, marriage, and multi-policy discounts applied.

To choose insurers who offer cheap Lexus GS 350 insurance quotes in Irvine in Irvine, click this link.

A conclusion for your car insurance search

Consumers change insurance companies for any number of reasons including lack of trust in their agent, extreme rates for teen drivers, questionable increases in premium and high prices. It doesn’t matter what your reason, finding a great new company can be pretty painless.

Discount Lexus GS 350 insurance in Irvine is possible from both online companies in addition to local insurance agencies, and you should be comparing both to have the best chance of lowering rates. A few companies may not provide the ability to get a quote online and these small insurance companies sell through independent agencies.

When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. There have been many cases where an insured cut uninsured motorist or liability limits to discover at claim time that the few dollars in savings costed them thousands. Your aim should be to buy enough coverage at the lowest possible cost, not the least amount of coverage.

Even more information is located in the articles below:

• Drunk Driving Statistics (Insurance Information Institute)
• How Much is Irvine Car Insurance for Teachers? (FAQ)
• Who Has the Cheapest Irvine Auto Insurance Quotes for Drivers with a DUI? (FAQ)
• Who Has the Cheapest Car Insurance for Low Credit Scores in Irvine? (FAQ)
• What Car Insurance is Cheapest for Used Cars in Irvine? (FAQ)
• Car Insurance: When not to Skimp (BankRate.com)
• Rollover Crash FAQ (iihs.org)