1998 Lexus GS 400 Car Insurance Rates

Looking for lower insurance rates for your Lexus GS 400? Did you fall for a flashy sales pitch and buy high-priced insurance? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out. Because you have many insurance providers from which to choose, it is hard for the average consumer to locate the right insurance company.

Discounts on 1998 Lexus GS 400 insurance

Companies offering auto insurance don’t always publicize all available discounts in an easy-to-find place, so the following is a list of some of the best known as well as the least known savings tricks you should be using. If they aren’t giving you every credit available, you’re paying more than you need to.

  • Senior Discount – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10% on GS 400 coverage.
  • Accident Forgiveness – Some insurance companies permit an accident before your rates go up as long as you don’t have any claims for a certain period of time.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes can avoid accidents and earn discounts up to 10%.
  • Homeowners Pay Less – Being a homeowner may trigger a car insurance policy discount because of the fact that having a home shows financial diligence.
  • New Vehicle Savings – Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
  • Service Members Pay Less – Having a deployed family member could be rewarded with lower premiums.
  • Drivers Education – Cut your cost by having your teen driver enroll in driver’s education if it’s offered in school.

A little note about advertised discounts, most discounts do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as comprehensive or collision. Even though it may seem like it’s possible to get free car insurance, you’re out of luck.

Companies that possibly offer these discounts may include but are not limited to:

Double check with each company which discounts they offer. Savings might not apply in every state.

Automobile Insurance Quotes

Reducing your 1998 Lexus GS 400 insurance rates can be surprisingly simple. You just need to spend a little time to compare quotes online with multiple companies. It is quite easy and can be accomplished in several different ways.

  • The most efficient way consumers can analyze rates is to use a rate comparison form (click to open form in new window). This method prevents you from having to do boring form submissions for each company you want a rate for. In just a few minutes this one form will return price quotes from multiple companies.
  • A harder way to get comparison quotes is going to the website for each individual company and fill out their own quote form. For instance, we’ll pretend you want to compare Progressive, Farmers and Liberty Mutual. You would have to take the time to go to each site to enter your coverage information, which is why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

  • The least recommended method of comparing rate quotes is to drive around to and from local insurance agencies. Buying insurance online makes this process obsolete unless you require the professional guidance of a local agent. However, consumers can price shop your coverage online but still have the advice of a local agent and we’ll touch on that later.

Which method you use is up to you, but be sure to compare apples-to-apples coverage information on every quote. If each company quotes different limits and deductibles on each one it will be impossible to truly determine the lowest rate.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Every insured’s situation is different so your insurance should reflect that These are some specific questions can aid in determining whether your personal situation may require specific advice.

  • Can my teen driver be rated on a liability-only vehicle?
  • Do all my vehicles need collision coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Does my 1998 Lexus GS 400 need full coverage?
  • Is pleasure use cheaper than using my 1998 Lexus GS 400 to commute?
  • Do I need higher collision deductibles?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • When should I buy a commercial auto policy?
  • When can I cancel my policy?
  • Are rental cars covered under my policy?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

Car insurance specifics

Understanding the coverages of a car insurance policy can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. These are the normal coverages available from car insurance companies.

Comprehensive coverage

Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as vandalism, fire damage, damage from getting keyed, damage from flooding and hail damage. The highest amount your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as hospital visits, doctor visits and X-ray expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Coverage for collisions

This pays for damage to your GS 400 resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a building, damaging your car on a curb and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your 1998 Lexus GS 400.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability

This coverage can cover injuries or damage you cause to other people or property by causing an accident. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as pain and suffering, repair bills for other people’s vehicles, medical services and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Be a penny pincher

When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. In many cases, an accident victim reduced uninsured motorist or liability limits and learned later they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage at an affordable rate.

We covered quite a bit of information on how to reduce 1998 Lexus GS 400 insurance prices online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even discover the lowest rates come from a small local company. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as Geico and State Farm.

Additional information