Compare Lexus GS 350 Insurance Rate Quotes in Lubbock

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Insurance for Lexus GS 350If saving money is your primary concern, then the best way to get discount Lexus GS 350 insurance in Lubbock is to do an annual price comparison from companies in Texas.

First, spend a few minutes and learn about what is in your policy and the things you can control to prevent expensive coverage. Many risk factors that cause high rates such as getting speeding tickets and a bad credit rating can be rectified by paying attention to minor details.

Second, compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or State Farm, while independent agencies can provide rate quotes from multiple insurance companies.

Third, compare the quotes to the price on your current policy and see if you can save money. If you can save some money, ensure there is no coverage lapse between policies.

Fourth, give notification to your agent or company of your decision to cancel your current auto insurance policy. Submit the application along with any required down payment to your new company or agent. When you receive it, put the proof of insurance paperwork in a readily accessible location in your vehicle.

One bit of advice is to try to compare the same deductibles and limits on every quote and and to get prices from as many different companies as possible. Doing this enables an apples-to-apples comparison and the best price selection.

It goes without saying that insurance companies don't want you to look at other companies. Insureds who compare rates annually will probably switch to a new company because they stand a good chance of finding more affordable rates. Surprisingly, a recent survey revealed that consumers who routinely shopped around saved as much as $3,400 over four years compared to policyholders who don't regularly compare prices.

If saving money on Lexus GS 350 insurance is the reason for your visit, then having some knowledge of how to find companies and compare insurance can make it easier for you to save money.

Lexus GS 350 insurance discounts in Lubbock

Companies don't always publicize every possible discount very clearly, so here is a list some of the best known as well as the least known discounts that may be available.

  • Discounts for Multiple Vehicles - Having multiple cars on one policy could earn a price break for each car.
  • Driving Data Discount - Policyholders that allow driving data collection to look at vehicle usage through the use of a telematics system such as Progressive's Snapshot and State Farm's In-Drive may see discounts as long as they are good drivers.
  • One Accident Forgiven - This isn't a discount exactly, but some companies like Allstate, Progressive, and GEICO permit an accident without the usual rate increase so long as you haven't had any claims prior to the accident.
  • Discount for Multiple Policies - If you insure your home and vehicles and place coverage with the same company you could earn a discount of 10% to 20% off each policy.
  • Anti-theft Discount - Vehicles equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and will qualify for a discount on a Lubbock car insurance quote.

Consumers should know that many deductions do not apply to all coverage premiums. Some only apply to specific coverage prices like physical damage coverage or medical payments. So when it seems like adding up those discounts means a free policy, you won't be that lucky.

The chart below illustrates the comparison of Lexus GS 350 yearly insurance costs with and without discounts being applied to the rates. Data assumes a female driver, no claims or violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, claim-free, safe-driver, and marriage discounts applied.

To view providers who offer auto insurance discounts in Lubbock, follow this link.

The companies in the list below have been selected to offer comparison quotes in Lubbock, TX. To locate cheap car insurance in TX, we suggest you visit as many as you can to get the best price comparison.

Rates and information analytics

The data table shown below outlines a range of insurance prices for Lexus GS 350 models. Having a good grasp of how auto insurance prices are calculated is important for making informed decisions when comparing rate quotes.

Lexus GS 350 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $228 $424 $324 $20 $96 $1,092 $91
GS 350 AWD $252 $478 $324 $20 $96 $1,170 $98
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Estimates do not factor in garaging location in Lubbock which can decrease or increase prices substantially.

Where to set your deductibles

When buying insurance, a common question is how high should the physical damage deductibles be. The figures shown below can help illustrate how much more rates are when you choose different coverage deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second set of rates uses a $1,000 deductible.

Lexus GS 350 insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $370 $672 $324 $20 $96 $1,507 $126
GS 350 AWD $408 $762 $324 $20 $96 $1,635 $136
Get Your Own Custom Quote Go
Lexus GS 350 insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $228 $424 $324 $20 $96 $1,092 $91
GS 350 AWD $252 $478 $324 $20 $96 $1,170 $98
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in specific location which can revise price quotes substantially.

Based on the data above, we can derive that using a $250 deductible costs about $36 more each month or $432 annually than opting for the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 21 months between claim filings, you would probably come out ahead if you opt for a higher deductible.

Learn How to Buy Auto Insurance at a Discount

Lots of factors are considered when you get a price on insurance. Some are pretty understandable such as traffic violations, but other factors are more transparent like where you live or how financially stable you are. A large part of saving on auto insurance is knowing a few of the rating criteria that help calculate the rates you pay for auto insurance. If you have a feel for what positively or negatively impacts your premiums, this allows you to make educated decisions that will entitle you to big savings.

Location can impact price - Living in less populated areas has it's advantages when talking about auto insurance. Less people means a lower chance of having an accident and also fewer theft and vandalism claims. Residents of big cities regularly have more aggressive driving styles and more severe claims. Spending more time driving statistically corresponds to a higher accident and claim rate.

Obey driving laws and save - Attentive drivers get better rates as compared to those with violations. Even one speeding ticket may cause rates to rise forty percent or more. Drivers with careless violations like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.

The chart below illustrates how violations and fender-benders impact Lexus GS 350 car insurance rates for each different age category. The rate quotes are based on a married female driver, full coverage, $250 deductibles, and no additional discounts are factored in.

Vocation reflects on rates - Occupations like real estate brokers, airline pilots, and financial analysts usually pay the highest average rates attributed to stressful work requirements and extremely grueling work hours. Conversely, jobs such as actors, historians and performers have the lowest average rates.

Inexpensive frequent auto insurance claims are not good - If you file claims often, you should expect either a policy non-renewal or much higher rates. Car insurance companies in Texas generally give most affordable rates to insureds who are not frequent claim filers. Auto insurance is meant to be used in the event of the bigger claims that can't be paid out-of-pocket.

Safeguard your assets with liability coverage - Liability insurance will provide protection when you are found liable for causing personal injury or damage in an accident. It provides legal defense coverage to defend your case. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so buy as much as you can afford.

Improve your credit score - Having a bad credit score is a big factor in determining what you pay. If your credit could use some work, you may save money insuring your Lexus GS 350 if you clean up your credit. People that have high credit scores tend to be more responsible and file fewer claims as compared to drivers with worse credit.

Lower rates for married couples - Walking down the aisle actually saves money when buying auto insurance. Having a significant other means you're more stable financially and it's proven that married couples file fewer claims.

Gender and insurance prices - Statistics show that men are more aggressive behind the wheel. Now that doesn't mean men are WORSE drivers than women. Women and men are in accidents in similar numbers, but the males cause more damage and cost insurance companies more money. Men also get ticketed for serious violations like DUI and reckless driving. Young males tend to get in the most accidents so it costs more to insure them.

The example below shows the difference between Lexus GS 350 car insurance costs for male and female drivers. The information is based on no tickets, no at-fault accidents, full physical damage coverage, $100 deductibles, drivers are single, and no discounts are applied.

Lexus GS 350 insurance loss data - Car insurance companies include the past claim trends for vehicles when setting premium prices. Vehicles that tend to have a higher amount or frequency of claims will have higher rates for specific coverages.

The next table illustrates the loss history for Lexus GS 350 vehicles. For each coverage type, the loss probability for all vehicles averaged together equals 100. Numbers under 100 represent a good loss history, while values over 100 indicate more frequent losses or tendency to have higher losses.

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

Buying from insurance agents

Some consumers still like to buy from a licensed agent and we recommend doing that Good agents can point out coverage gaps and help in the event of a claim. A nice benefit of comparing rates online is that you can obtain cheap auto insurance quotes but also keep your business local. Buying insurance from neighborhood agents is definitely important in Lubbock.

Find insurance agent in LubbockAfter completing this short form, the quote information is immediately sent to participating agents in Lubbock who will give competitive quotes for your insurance coverage. There is no need to leave your computer due to the fact that quote results will go straight to your inbox. If you have a need to quote rates from one company in particular, you would need to search and find their rate quote page and fill out their quote form.

If you're trying to find a reliable agent, you need to know there are two types of agencies and how they differ in how they quote coverages. Agencies in Lubbock can be classified as either exclusive agents or independent agents. Both types can sell auto insurance policies, but it is important to understand the subtle differences because it can influence buying decisions.

Independent Auto Insurance Agencies

Agents that elect to be independent do not write with just one company so they can quote policies through many companies and possibly get better coverage at lower prices. If your premiums go up, an independent agent can move your coverage and you can keep the same agent.

When comparing rates, we highly recommend that you contact independent agents to get the most accurate price comparison. Most also have access to smaller regional carriers which can save you money.

Shown below are Lubbock independent agencies who may provide free rate quotes.

More Lubbock agents

Exclusive Agencies

Agents in the exclusive channel normally can only provide a single company's rates and some examples include Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agents receive a lot of sales training in insurance sales and that can be a competitive advantage. Some insured continue to buy from exclusive agents mostly because of the prominent brand name rather than low price.

Shown below is a short list of exclusive insurance agents in Lubbock that are able to give comparison quotes.

More Lubbock agents

Finding the right car insurance agent is decision based upon more than just the quoted price. Any agent in Lubbock should be willing to answer these questions.

  • Does the agency have a good rating with the Better Business Bureau?
  • Where would glass claims be handled in Lubbock?
  • Will you get a loaner vehicle if you car is being repaired?
  • Do they reduce claim amounts on high mileage vehicles?
  • Is every driver in your family covered?
  • Do they offer claims assistance after hours?
  • Will you work with the agent or an assistant?
  • Are they properly licensed to sell insurance in Texas?

Best reasons to buy auto insurance in Texas

Despite the fact that auto insurance is not cheap in Lubbock, buying auto insurance is required for several reasons.

  • Just about all states have mandatory liability insurance requirements which means state laws require specific limits of liability insurance coverage in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your GS 350 has a lienholder, almost all lenders will make it a condition of the loan that you have physical damage coverage to ensure they get paid if you total the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Lexus for a lot more money and force you to pay for the expensive policy.
  • Auto insurance preserves your Lexus and your assets. It will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage will also pay for a defense attorney if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.

The benefits of insuring your GS 350 are definitely more than the cost, particularly for liability claims. According to a recent study, the average American driver is currently overpaying as much as $810 a year so you should quote your policy with other companies every year to make sure the price is not too high.

Car insurance company ratings

Insuring your vehicle with the right insurer can be difficult considering how many companies are available to choose from in Texas. The information shown below can help you select which providers you want to consider comparing rates from.

Top 10 Lubbock Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Lubbock Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

You can lower your auto insurance rates

Cost effective Lexus GS 350 insurance can be sourced on the web in addition to many Lubbock insurance agents, so you need to quote Lubbock car insurance with both in order to have the best chance of saving money. Some auto insurance companies don't offer online rate quotes and most of the time these regional carriers prefer to sell through independent insurance agents.

When searching for the cheapest Lexus GS 350 rate quotes, it's very important that you do not buy poor coverage just to save money. There have been many situations where consumers will sacrifice liability limits or collision coverage and discovered at claim time that it was a big error on their part. The proper strategy is to find the BEST coverage at a price you can afford and still be able to protect your assets.

We've covered a lot of techniques to get a better price on Lexus GS 350 insurance in Lubbock. It's most important to understand that the more quotes you get, the better likelihood of getting low cost Lubbock car insurance quotes. You may even discover the lowest premium rates are with a lesser-known regional company.

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