Compare Lexus GS 350 Insurance Quotes in Plano

  1. Home
  2. >
  3. Plano Auto Insurance
  4. >
  5. Lexus GS 350

Insurance for Lexus GS 350Cutting costs on Lexus GS 350 insurance in Plano could be very difficult for people who are beginners to comparing prices online. With such a large choice of insurance companies available, it can easily be hard work to locate the lowest price in Texas.

Remarkably, a study showed that most drivers kept their policy with the same company for well over three years, and roughly 40% of drivers have never taken the time to shop around. Plano consumers could cut their rates by 70% a year, but they underestimate the amount of money they would save if they switched.

It's a good idea to take a look at other company's rates before your next renewal because insurance prices change regularly. Just because you had the best rates on Lexus GS 350 insurance in Plano a year ago you may be paying too much now. Block out anything you think you know about insurance because I'm going to let you in on the secrets to the tricks you need to know to reduce your cost while improving coverage.

Cheapest Lexus GS 350 insurance quotes in Plano

It's important to know that quoting more helps locate the best rates. Not every company does online Plano GS 350 insurance quotes, so you need to compare prices from those companies as well.

The companies in the list below are ready to provide free quotes in Texas. If multiple companies are listed, it's a good idea that you visit several of them to find the most competitive car insurance rates.

Cheaper rates with discounts

Insuring your vehicles can cost a lot, but there's a good chance there are discounts to help offset the cost. A few discounts will automatically apply when you purchase, but occasionally some discounts must be inquired about prior to receiving the credit.Insurance discounts

  • Claim-Free Discount - Drivers who don't have accidents pay much less in comparison to drivers with a long claim history.
  • Discounts for Cautious Drivers - Drivers without accidents can save as much as half off their rates compared to rates paid by drivers with frequent claims.
  • Passenger Safety Discount - Vehicles equipped with air bags or motorized seat belts can qualify for discounts as much as 30%.
  • College Student - Kids who are enrolled in higher education away from home without a vehicle on campus can be insured at a reduced rate.
  • Renewal Discounts - A few insurance companies allow discounts for buying a new policy before your current coverage expires. This can save 10% or more.
  • Anti-lock Brake System - Anti-lock brake equipped vehicles are safer to drive so you can save 10 percent or more.
  • Buy New and Save - Putting insurance coverage on a new GS 350 can be considerably cheaper because newer vehicles keep occupants safer.
  • Defensive Driving Course - Successfully completing a defensive driving class could cut 5% off your bill if you qualify.

A little disclaimer on discounts, many deductions do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So even though you would think it's possible to get free car insurance, nobody gets a free ride.

The illustration below illustrates the difference between Lexus GS 350 premium costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, no claims or violations, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, multi-policy, multi-car, and marriage discounts applied.

A partial list of companies that have these money-saving discounts are:

When quoting, ask all companies you are considering which discounts you may be entitled to. Some discounts listed above might not be available to policyholders in every state.

Coverage analysis

The price information shown below covers detailed analysis of insurance costs for Lexus GS 350 models. Learning as much as possible about how insurance premiums are figured can benefit drivers when making decisions on which coverage to buy.

Lexus GS 350 Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $354 $788 $340 $20 $102 $1,604 $134
GS 350 AWD $390 $890 $340 $20 $102 $1,742 $145
Get Your Own Custom Quote Go

Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rates do not factor in garaging location in Plano which can change auto insurance rates substantially.

Analysis of deductible levels

The hardest decision when buying coverage is where to set your physical damage deductibles. The rates shown below lay out the differences in price when you choose different policy deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second pricing table uses a $500 deductible.

Lexus GS 350 insurance premium estimates 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 estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $300 $542 $324 $20 $96 $1,282 $107
GS 350 AWD $332 $614 $324 $20 $96 $1,386 $116
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in garaging location in Plano which can raise or lower price quotes considerably.

Based on this data, using a $250 deductible costs roughly $19 more each month or $228 every year than selecting the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average more than 13 months between claims, you would come out ahead if you decide on a higher deductible.

The chart below illustrates how your deductible choice and can affect Lexus GS 350 insurance costs for different age groups of insureds. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

Violations and accidents raise rates

The illustration below highlights how traffic violations and at-fault fender-benders can impact Lexus GS 350 premium costs for each age group. The premiums assume a married male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

Car insurance rates based on gender

The illustration below illustrates the difference between Lexus GS 350 car insurance costs for male and female drivers. The information is based on no claims or violations, full physical damage coverage, $250 deductibles, single marital status, and no discounts are factored in.

Compare rates but buy from a local Plano insurance agency

A small number of people prefer to go talk to an agent and often times that is recommended A good thing about comparing rates online is the fact that drivers can get the best rates and still have an agent to talk to. And buying from local agents is important particularly in Plano.

For easy comparison, once you complete this simple form, the coverage information is instantly submitted to insurance agents in Plano who will give you bids for your insurance coverage. You never need to visit any agencies because quoted prices will be sent straight to your inbox. You can most likely find cheaper rates without having to waste a lot of time. If you have a need to get a price quote from one company in particular, you just need to go to their quote page and give them your coverage information.

Deciding on an company shouldn't rely on just a cheap price. Any good agent in Plano should know the answers to these questions.

  • What insurance companies do they recommend if they are an independent agent?
  • Will you work with the agent or an assistant?
  • Can they provide you with a list of referrals?
  • Will a damage claim use OEM or aftermarket replacement parts?
  • Will the company cover a rental car if your car is getting fixed?
  • Does the agency have a positive business rating?

Insurance is unique, just like you

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a "best" method to buy coverage. Everyone's situation is unique and your insurance should be unique as well.Higher deductibles save money For instance, these questions may help highlight whether you would benefit from an agent's advice.

  • What are the best liability limits?
  • What can I do if my company denied a claim?
  • Am I covered when driving in Canada or Mexico?
  • How many claims can I have before being canceled?
  • Do I need special endorsements for business use of my vehicle?
  • When should I have rental car coverage?
  • Should I have a commercial auto policy?
  • What does medical payments coverage do?
  • Why am I required to buy liability insurance?
  • Why does it cost so much to insure a teen driver in Plano?

If you can't answer these questions, you might consider talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

Informed Decisions Result in Lower Insurance Prices

Lots of factors are used in the calculation when you get a price on insurance. A few of the factors are predictable such as traffic violations, although others are more transparent such as whether you are married or your commute time.

Small claims can cost you - If you are a frequent claim filer, you shouldn't be surprised to get increased rates or even have your policy non-renewed. Car insurance companies in Texas award the best rates to policyholders that do not abuse their auto insurance. Insurance coverage is designed for major claims that would cause financial hardship.

Liability is important - The liability coverage on your policy kicks in if ever a jury decides you are liable for damages caused by your negligence. Your liability coverage provides legal defense starting from day one. Liability insurance is quite affordable when compared with rates for comp and collision, so buy as much as you can afford.

Lower rates with uninterrupted coverage - Going without insurance can be a guaranteed way to bump up your car insurance costs. In addition to paying higher rates, being ticketed for driving with no insurance could earn you a license revocation or jail time.

Drivers with excellent credit save on car insurance - Your credit history is likely to be a major factor in determining premium rates. If your credit score is low, you may save money insuring your Lexus GS 350 by taking the time to improve your credit score. Insureds that have good credit tend to be better drivers and file fewer claims than drivers with poor credit scores.

Cars with good safety ratings means cheaper insurance - Vehicles with high crash test scores tend to be cheaper to insure. These vehicles result in less severe injuries and reduced instances of injuries translates into savings for insurance companies and lower rates for you.

High premiums for teenage drivers - Older people are more responsible, statistically cause fewer accidents, and get fewer tickets. Young drivers have a tendency to be careless and easily distracted when behind the wheel and because of this, their car insurance rates are much higher.

The following chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

Lexus GS 350 claim data - Insurers take into consideration insurance loss statistics for every vehicle as a way to help calculate a profitable premium price. Vehicles that historically have a higher amount or frequency of claims will have higher rates. The next table illustrates the collected loss data for Lexus GS 350 vehicles.

For each coverage type, the loss probability for all vehicles averaged together is set at 100. Values under 100 represent a good loss history, while values that are above 100 point to more frequent losses or tendency to have larger claims.

Insurance Loss Ratings for Lexus GS 350 Vehicles
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
BETTER
AVERAGE
WORSE

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

Auto insurance is not optional in Texas

Despite the high insurance cost for a Lexus GS 350 in Plano, auto insurance is required in Texas but it also protects you in many ways.

  • The majority of states have minimum mandated liability insurance limits which means state laws require specific limits of liability insurance coverage if you drive a vehicle. 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 vehicle has a lienholder, most banks will have a requirement that you have insurance to guarantee their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Lexus at a much higher premium rate and force you to pay for it.
  • Auto insurance preserves not only your vehicle but also your assets. It will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, your policy will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance definitely exceed the price paid, especially with large liability claims. As of last year, the average driver in Texas is wasting up to $820 a year so compare rate quotes at every renewal to be sure current rates are still competitive.

Ratings for Texas auto insurance companies

Finding the highest-rated insurer can be rather challenging considering how many choices drivers have in Texas. The company ratings in the lists below can help you select which car insurance providers to look at comparing price quotes from.

Top 10 Plano 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

Persistent drivers can save

As you quote Plano car insurance, don't be tempted to buy less coverage just to save a little money. In many cases, drivers have reduced liability coverage limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find at the best possible price, but do not skimp to save money.

The cheapest Lexus GS 350 insurance in Plano can be sourced from both online companies and from local agencies, so get free Plano car insurance quotes from both of them to have the best rate selection. Some insurance companies may not provide online rate quotes and many times these smaller providers sell through local independent agencies.

How to find affordable Lexus GS 350 insurance in Plano

Really, the only way to get cheaper Lexus GS 350 insurance in Plano is to compare quotes annually from different companies who sell insurance in Texas.

  1. Get a basic knowledge of how car insurance works and the modifications you can make to keep rates low. Many policy risk factors that cause rate increases such as inattentive driving and a less-than-favorable credit history can be eliminated by being financially responsible and driving safely.
  2. Compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like Progressive or Farmers Insurance, while independent agencies can provide prices for a wide range of companies.
  3. Compare the new quotes to your existing policy to see if cheaper GS 350 coverage is available. If you find a better price and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Provide proper notification to your current company to cancel your current coverage and submit a completed policy application and payment to the new insurer. Make sure you put the certificate of insurance along with the vehicle's registration papers.

A valuable tip to remember is to use similar coverage information on every quote request and and to get price quotes from every company you can. Doing this enables an apples-to-apples comparison and a thorough selection of prices.

Additional detailed information can be read at these sites: