9 Ways to Save on Lexus GS 450h Insurance

Finding cheaper insurance for a Lexus GS 450h can normally be a lot of work, but you can follow these tips to find lower rates. There is a right way and a wrong way to buy car insurance and we’ll show you the proper way to quote coverages for a Lexus and get the lowest price.

Where Can I Get Cheap Car Insurance?

Performing a rate comparison can be challenging if you don’t know the best way to get rate quotes. You could spend your day discussing policy coverages with insurance companies in your area, or you can stay home and use online quotes to achieve your goal.

Many insurance companies enroll in a system where prospective buyers only type in their quote data once, and each company returns a rated price for coverage. This prevents consumers from doing form submissions for each company you want a rate for.

To get comparison pricing now click here (opens in new window).

One minor caviat to doing it this way is you can’t choose the providers to receive prices from. If you prefer to choose specific insurance companies to compare rates, we put together a list of the cheapest car insurance companies in your area. Click to view list.

It doesn’t matter which method you choose, just be sure to compare the exact same coverage information for each comparison quote. If your comparisons have differing limits it will be very difficult to make an equal comparison.

Policy discounts you shouldn’t miss

Companies that sell car insurance don’t list every available discount very clearly, so we researched both the well known and also the lesser-known savings tricks you should be using. If you’re not getting every credit available, you’re paying more than you need to.

• Student in College – Youth drivers who live away from home without a vehicle on campus may qualify for this discount.
• Discounts for Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on GS 450h coverage than less cautious drivers.
• Life Insurance – Select insurance companies reward you with a break if you buy auto and life insurance together.
• Fewer Miles Equal More Savings – Fewer annual miles on your Lexus can qualify you for a substantially lower rate.
• Organization Discounts – Belonging to a civic or occupational organization is a good way to get lower rates on car insurance on GS 450h coverage.
• Anti-lock Brake System – Cars that have steering control and anti-lock brakes prevent accidents and will save you 10% or more.
• Seat Belts Save more than Lives – Buckling up and requiring all passengers to wear their seat belts can save up to 15% off the personal injury premium cost.
• Passive Restraints – Factory air bags or automatic seat belts may earn rate discounts of up to 25% or more.
• Lower Rates for Military – Being deployed with a military unit can result in better rates.

As a disclaimer on discounts, most discount credits are not given the the whole policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, companies wouldn’t make money that way.

To choose providers with discount car insurance rates, click here to view.

Car insurance 101

Knowing the specifics of a car insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Lexus GS 450h.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as chiropractic care, ambulance fees, doctor visits, nursing services and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Collision coverage

Collision insurance pays for damage to your GS 450h caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as damaging your car on a curb, hitting a mailbox, crashing into a ditch and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Comprehensive car insurance

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from flooding, vandalism, fire damage and falling objects. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability insurance

This protects you from injuries or damage you cause to a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims such as medical services, repair costs for stationary objects, medical expenses, pain and suffering and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

More quotes mean more savings

As you go through the steps to switch your coverage, don’t be tempted to buy poor coverage just to save money. There are a lot of situations where an insured dropped comprehensive coverage or liability limits and found out when filing a claim they didn’t purchase enough coverage. The ultimate goal is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

Throughout this article, we presented many ideas to lower your Lexus GS 450h insurance rates. The most important thing to understand is the more providers you compare, the better your chances of lowering your rates. Drivers may discover the lowest priced car insurance comes from some of the lesser-known companies.

Insureds change insurance companies for many reasons like being labeled a high risk driver, questionable increases in premium, extreme rates for teen drivers or even not issuing a premium refund. Whatever your reason, switching car insurance companies is less work than it seems.