Lexus GS 350 Insurance Rate Quotes in Chandler

Insurance for Lexus GS 350The 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.

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.

Lexus GS 350 Insurance Rates in Chandler, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $296 $582 $262 $16 $78 $1,234 $103
GS 350 AWD $326 $658 $262 $16 $78 $1,340 $112
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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.

Lexus GS 350 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $292 $530 $254 $16 $76 $1,193 $99
GS 350 AWD $322 $600 $254 $16 $76 $1,293 $108
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Lexus GS 350 insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $180 $334 $254 $16 $76 $860 $72
GS 350 AWD $198 $376 $254 $16 $76 $920 $77
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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.Cheaper auto insurance with discounts

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.

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.

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