Lexus GS 350 Insurance Rate Quotes in Chandler

The easiest way to get affordable Lexus GS 350 insurance in Chandler is to compare quotes annually from companies who can sell car insurance in Arizona.

First, read about car insurance and the changes you can make to prevent high rates. Many rating factors that increase rates such as traffic tickets, fender benders, and a poor credit rating can be rectified by making minor changes to your lifestyle. This article gives additional ideas to help find cheaper rates and get additional discounts.

Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO or State Farm, while independent agencies can quote rates from multiple companies.

Third, compare the new rates to your current policy premium to see if a cheaper price is available in Chandler. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.

The key thing to remember is to use the same physical damage deductibles and liability limits on every quote and and to look at as many different insurance providers as possible. This ensures an accurate price comparison and the best price selection.

Everyone knows that auto insurance companies don’t want policyholders to compare prices from other companies. Consumers who get comparison quotes at least once a year will probably buy a new policy because there is a great chance of finding a policy with better rates. A recent survey discovered that people who routinely compared rates saved as much as $865 annually compared to policyholders who never compared other company’s rates.

If finding the lowest rates on car insurance in Chandler is why you’re here, then having a good understanding how to compare insurance rates can help you be more efficient.

How to Lower Your Insurance Premiums

Consumers need to have an understanding of the different types of things that go into determining the rates you pay for auto insurance. When you understand what controls the rates you pay, this enables you to make decisions that can earn you cheaper rates. Lots of factors are part of the equation when pricing auto insurance. Most are fairly basic such as your driving record, but others are not as apparent such as your marital status or your financial responsibility.

The following are most of the major factors used by insurance companies to determine premiums.

• Poor credit score equals high costs – Having a bad credit score is a big factor in determining your rates. People with very high credit ratings tend to file fewer claims and have better driving records than those with lower ratings. Therefore, if your credit rating leaves room for improvement, you could potentially save money when insuring your Lexus GS 350 by repairing your credit.
• Insure your auto and home with one company – Lots of insurance companies apply a discount to buyers that buy multiple policies. It’s known as a multi-policy discount. Even if you qualify for this discount already, it’s always a smart idea to check prices from other companies to help ensure you have the lowest rates.
• Never go without auto insurance – Driving with no insurance is illegal and companies may charge more for letting your coverage lapse. In addition to paying higher premiums, the inability to provide proof of insurance may earn you a license revocation or jail time.
• Lower stress equals lower premiums – Jobs like fire fighters, business owners, and stock brokers usually pay the highest rates because of job stress and long work hours. Conversely, jobs such as scientists, engineers and retirees generally pay rates lower than average.
• Where you reside factors in – Living in less populated areas has it’s advantages when insuring your vehicles. People in densely populated areas have to deal with more traffic problems and longer commute times. Fewer people means fewer accidents as well as less vandalism and auto theft.
• Too many claims will drive prices up – Companies in Arizona generally give cheaper rates to people who do not rely on their insurance for small claims. If you are a frequent claim filer, you can expect higher rates. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.
• How do annual miles impact prices? – The higher the mileage driven every year the more you’ll pay to insure it. Most insurance companies rate vehicles determined by how the vehicle is used. Cars used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Improper usage on your GS 350 can cost quite a bit. Double check that your auto insurance coverage reflects the correct driver usage.
• Prevent your car from being stolen – Selecting a car model with a theft deterrent system can help bring down rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent car theft and help bring rates down.

• Lexus GS 350 claim data – Car insurance companies analyze the history of losses to calculate a rate that offsets possible losses. Vehicles that the data determines to have higher loss trends will have higher premium rates. The table below shows the historical loss data for Lexus GS 350 vehicles.

  For each policy coverage type, the loss probability for all vehicles as a whole is considered to be 100. Numbers under 100 suggest losses that are better than average, while numbers above 100 indicate more frequent claims or tendency to have larger claims.

  
  

  Lexus GS 350 Insurance Claim Statistics

  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

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

Rates and information analytics

The rate table below showcases estimates of coverage costs for Lexus GS 350 models. Being more informed about how insurance policy premiums are determined can aid in making smart choices when selecting a coverage provider.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price estimates do not factor in your specific Chandler location which can revise prices substantially.

Physical damage deductibles: Should you raise them?

A question often asked by Chandler drivers is which comprehensive and collision deductibles to buy. The comparisons below may help to conceptualize the premium difference between low and high physical damage coverage deductibles. The first set of rates uses a $250 deductible for physical damage and the second price chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Prices do not factor in garaging location in Chandler which can increase or decrease premiums greatly.

We can derive from the above data that using a $250 deductible costs roughly $29 more each month or $348 every year than choosing the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 26 months between claim filings, you would probably be better off if you choose the higher deductible.

Responsible drivers pay cheaper insurance rates

The chart below illustrates how violations and fender-benders can drive up Lexus GS 350 car insurance rates for different age groups. The prices are based on a single male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.

Insurance premiums based on gender

The chart below shows the comparison of Lexus GS 350 insurance costs for male and female drivers. The information is based on no claims or driving citations, comp and collision included, $1,000 deductibles, drivers are single, and no discounts are factored in.

Should you buy full coverage?

The illustration below compares Lexus GS 350 insurance rates with full coverage and liability only. The data is based on no accidents, no driving violations, $1,000 deductibles, drivers are single, and no discounts are applied.

Should you pay for full coverage or liability only?

There is no written rule to stop buying full coverage, but there is a broad guideline. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Lexus GS 350 settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $4,000 after paying the physical damage deductible. If you are paying more than $400 annually to have full coverage, then it might be time to buy liability only.

There are some conditions where only buying liability is not advised. If you still owe money on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Affordable rates on Lexus GS 350 insurance in Chandler with these discounts

Auto insurance is expensive, but there could be available discounts that may help make it more affordable. Certain reductions will be credited at the time you complete a quote, but some may not be applied and must be requested specifically before being credited.

• Pay Early and Save – If paying your policy premium upfront instead of monthly or quarterly installments you can avoid monthly service charges.
• Buy New and Save – Buying auto insurance coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.
• Paperless Signup – Certain companies will discount your bill up to fifty bucks just for signing your application on the web.
• Multi-line Discount – Companies who offer life insurance give a lower auto insurance rate if you buy some life insurance in addition to your auto policy.
• Student in College – Kids who live away from home at college and don’t have a car may be able to be covered for less.
• Discounts for Federal Employees – Having worked for a branch of the government can save as much as 8% with select insurance companies.
• Lower Rates for Military – Being on active duty in the military could mean lower auto insurance rates.

One last thing about discounts, many deductions do not apply to the entire cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, you aren’t that lucky.

The information below illustrates the difference between Lexus GS 350 insurance prices with and without discounts. The data assumes a female driver, a clean driving record, no claims, Arizona state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, safe-driver, multi-car, multi-policy, and marriage discounts applied.

A few of the larger companies and their offered discounts can be found below.

• State Farm has discounts for accident-free, anti-theft, safe vehicle, good student, multiple autos, and multiple policy.
• Nationwide may include discounts for defensive driving, anti-theft, family plan, accident-free, multi-policy, Farm Bureau membership, and easy pay.
• GEICO may offer discounts for good student, seat belt use, driver training, defensive driver, and federal employee.
• AAA has savings for pay-in-full, multi-car, good student, education and occupation, and good driver.
• 21st Century offers discounts including early bird, driver training, homeowners, theft prevention, and teen driver.
• The Hartford policyholders can earn discounts including driver training, good student, anti-theft, defensive driver, air bag, and vehicle fuel type.

When comparing rates, check with each insurance company which discounts can lower your rates. Some discounts may not be available in every state. If you would like to choose from a list of companies that offer some of these discounts in Chandler, click here to view.

Cheaper coverage is out there

When shopping online for insurance, don’t be tempted to reduce coverage to reduce premium. There have been many situations where an accident victim reduced uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. Your goal is to get the best coverage possible at the best possible price, not the least amount of coverage.

You just learned some good ideas how you can find lower-cost Lexus GS 350 insurance in Chandler. The key concept to understand is the more companies you get rates for, the better chance you’ll have of finding low cost Chandler auto insurance quotes. Consumers could even find that the best price on insurance is with a lesser-known regional company. Smaller companies may only write in your state and offer lower rates than their larger competitors like Allstate or State Farm.

Additional learning opportunities

• Frontal Crash Tests (iihs.org)
• Who Has Affordable Chandler Car Insurance Quotes for Retired Military? (FAQ)
• Who Has Affordable Chandler Auto Insurance for a Toyota RAV4? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for Low Credit Scores in Chandler? (FAQ)
• How Much Auto Coverage do I Need? (Insurance Information Institute)
• A Tree Fell on Your Car: Now What? (Allstate)