How long has it been since you compared quotes for the cheapest Lexus GS 350 insurance in Long Beach? Did budget coverage turn out to be high-priced Lexus GS 350 insurance in Long Beach? You’re in good company because there are many people just like you.
It’s an obvious statement that insurance companies don’t want you to look for cheaper rates. People who shop around once a year are highly likely to switch car insurance companies because there is a good chance of getting low-cost coverage. A recent study showed that people who made a habit of comparing rate quotes saved about $3,450 over four years compared to policyholders who never compared rates.
If finding low prices for Lexus GS 350 insurance in Long Beach is the reason you’re here, understanding how to get rate quotes and compare cheaper coverage can help simplify the task of finding more affordable coverage.
Steps to finding more affordable Lexus GS 350 insurance in Long Beach
The recommended way to get budget car insurance rates in Long Beach is to regularly compare quotes from insurers who sell auto insurance in California.
- First, spend a few minutes and learn about auto insurance and the changes you can make to prevent expensive coverage. Many things that drive up the price like accidents, traffic tickets, and a not-so-good credit history can be amended by paying attention to minor details.
- Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes from multiple companies.
- Third, compare the new rates to your existing coverage to see if a cheaper rate is available. If you find better rates, make sure there is no lapse in coverage.
- Fourth, provide proper notification to your current company to cancel your existing policy and submit the required down payment along with the signed application to the newly selected company. As soon as you receive it, place the new proof of insurance certificate in a readily accessible location in your vehicle.
One important bit of advice is to compare similar coverage information on every quote and and to get price estimates from every company you can. This guarantees an apples-to-apples comparison and the best rate selection.
Due to the increasing number of different company options, it can be difficult for people to locate the right insurance company.
When comparison shopping, comparing more rates from different companies gives you a better chance of getting a better price. Some companies don’t provide online price quotes, so it’s necessary to compare prices from the smaller companies as well.
The companies shown below are our best choices to provide quotes in California. If multiple companies are listed, we suggest you click on several of them to find the lowest auto insurance rates.
Rates and data analysis
The premium table displayed next outlines estimates of insurance coverage prices for Lexus GS 350 models. Having a good understanding how insurance premiums are determined can benefit drivers when making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 350 | $228 | $506 | $424 | $26 | $128 | $1,312 | $109 |
| GS 350 AWD | $252 | $572 | $424 | $26 | $128 | $1,402 | $117 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in garaging location in Long Beach which can revise prices substantially.
Responsible drivers pay cheaper Long Beach auto insurance rates
The information below demonstrates how citations and accident claims can influence Lexus GS 350 auto insurance costs for different insured age categories. The rate quotes are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
Cost difference between full coverage and liability
The example below compares Lexus GS 350 insurance premiums with full coverage compared to only the California minimum liability coverage. The rate quotes are based on no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are factored in.
When to drop comprehensive and collision coverage
There is no exact rule of when to stop paying for physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Lexus GS 350 replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after paying your policy deductible. If premiums are more than $500 a year to have full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where dropping full coverage is not a good plan. If you still owe a portion of the original loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.
Protect more than your Lexus vehicle
Despite the high cost of buying insurance for a Lexus GS 350 in Long Beach, insurance serves a purpose in several ways.
First, the majority of states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you bought your GS 350 with a loan, almost all lenders will require you to buy insurance to guarantee loan repayment. If coverage lapses or is canceled, the bank may insure your Lexus at a much higher rate and require you to pay for the expensive policy.
Third, insurance protects both your Lexus GS 350 and your assets. It will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your car insurance policy will cover the repair costs.
The benefits of buying car insurance more than cancel out the cost, especially when you need to use it. The average driver in America is overpaying more than $820 a year so you should quote your policy with other companies at every renewal to save money.
How Insurance Providers Calculate Lexus GS 350 Insurance Premiums
Many different elements are used when quoting car insurance. Most are fairly basic like a motor vehicle report, but other criteria are more transparent like your vehicle usage and annual miles driven.
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Auto insurance rates and age – Young drivers in California are proven to be inattentive behind the wheel so auto insurance rates are higher. If you’ve ever had to add a beginning driver to your policy can break the bank. Older people have been proven to be more responsible, are lower risk to insure, and are generally more financially stable.
The following chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
- Occupation and insurance prices – Do you have a high-stress occupation? Jobs like judges, social workers, and dentists are shown to have the highest rates because of high stress and incredibly demanding work hours. On the other hand, occupations such as actors, students and homemakers pay lower than average rates.
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Gender and auto insurance rates – Statistics demonstrate that women are safer drivers than men. However, don’t assume that females are better drivers. Men and women cause fender benders in similar numbers, but men have costlier accidents. Men also receive more major tickets such as reckless driving.
The information below shows the comparison of Lexus GS 350 auto insurance costs for male and female drivers. The premiums assume no claims, a clean driving record, comp and collision included, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
- Continuous auto insurance coverage lowers premiums – Going without insurance is a sure-fire way to increase your rates. And not only will insurance be more expensive, failure to provide proof of insurance can result in a steep fine or even jail time. You may then be required to submit proof of financial responsibility or a SR-22 with the California department of motor vehicles.
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Insurance loss data for Lexus GS 350 vehicles – Auto insurance companies analyze past claim statistics to calculate a rate that offsets possible losses. Models that have increased losses will have a higher premium rate. The table shown below demonstrates the collected loss data for Lexus GS 350 vehicles.
For each policy coverage, the claim amount for all vehicles, without regard to make or model, is a value of 100. Values that are below 100 indicate better than average losses, while percentages above 100 indicate higher probability of having a loss or tendency to have larger claims.
Auto Insurance Loss Data for Lexus GS 350 Models Specific Lexus 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 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Frequent quotes can save
When trying to cut insurance costs, never skimp on coverage in order to save money. In many instances, an insured cut full coverage only to regret that they should have had better coverage. Your focus should be to purchase plenty of coverage at a price you can afford while still protecting your assets.
You just learned a lot of techniques to get a better price on Lexus GS 350 insurance in Long Beach. It’s most important to understand that the more you quote Long Beach auto insurance, the better chance you’ll have of finding the cheapest Lexus GS 350 rate quotes. Drivers may even discover the lowest rates are with the smaller companies. Smaller companies may have significantly lower car insurance rates on certain market segments than their larger competitors like State Farm or Progressive.
Low-cost Lexus GS 350 insurance in Long Beach is attainable online in addition to local insurance agencies, so you need to shop Long Beach auto insurance with both to get a complete price analysis. There are still a few companies who do not offer rates over the internet and most of the time these regional carriers only sell through local independent agencies.
Steps to finding lower priced Lexus GS 350 insurance in Long Beach
If saving money is your primary concern, then the best way to find discount car insurance rates is to compare prices at least once a year from different companies in Long Beach. You can compare rates by completing these steps.
Step 1: Get a basic knowledge of how your policy works and the changes you can make to keep rates down. Many factors that drive up the price like distracted driving and a low credit score can be amended by paying attention to minor details.
Step 2: Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO and State Farm, while agents who are independent can give you price quotes from multiple sources. Start a quote
Step 3: Compare the quotes to the price on your current policy and see if there is a cheaper rate in Long Beach. If you find a better price and switch companies, make sure there is no lapse in coverage.
Step 4: Tell your current company of your decision to cancel your current auto insurance policy and submit the signed application along with the required initial payment to your new insurance company. Once received, safely store the proof of insurance certificate in an accessible location in your vehicle.
An essential thing to point out is to use similar deductibles and liability limits on each quote request and and to analyze as many different insurance providers as possible. Doing this ensures a fair rate comparison and the best price selection.
More tips and info about auto insurance is located at these sites:
- Shopping for a Safe Car (Insurance Information Institute)
- How Much is Auto Insurance with Multiple Speeding Tickets in Long Beach? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Nurses in Long Beach? (FAQ)
- Who Has Cheap Auto Insurance After a Speeding Ticket in Long Beach? (FAQ)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)