Locating cheaper insurance for your Lexus GS 350 in Texas can be an all-consuming task, but you can learn our insurance buying tips to find lower rates.
There are more efficient ways to shop for insurance so you’re going to learn the quickest way to quote coverages for your Lexus and find the lowest possible price from both online companies and Fort Worth agents.
It’s important to price shop coverage once or twice a year because insurance prices change regularly. Despite the fact that you may have had the lowest quotes on Lexus GS 350 insurance in Fort Worth a couple years back a different company probably has better rates today. There are a lot of ways to save on GS 350 insurance online but you can learn a lot of great tips on how to find affordable insurance in Fort Worth.
Comparing quotes for affordable protection in Fort Worth is not as time-consuming as you think. If you are insured now or just want to reduce your rates, you can use these techniques to reduce the price you pay and still get good coverage. Drivers just have to learn the quickest way to compare insurance rates from multiple carriers.
Cheapest companies for Lexus GS 350 insurance
The companies shown below have been selected to offer free quotes in Fort Worth, TX. If more than one company is shown, we recommend you visit as many as you can to get a more complete price comparison.
Lexus GS 350 insurance analysis
The price information shown next outlines detailed analysis of insurance prices for Lexus GS 350 models. Learning a little about how premiums are calculated can help you make smart choices when purchasing an insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|GS 350 AWD||$216||$494||$366||$22||$110||$1,208||$101|
|Get Your Own Custom Quote Go|
Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Price information does not factor in specific location information which can lower or raise premium rates considerably.
Full coverage or liability only
The example below illustrates the comparison of Lexus GS 350 premium costs with and without full coverage. The premiums assume no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
Should you pay for full coverage or liability only?
There is no set rule to delete comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Lexus GS 350 replacement cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after paying your deductible. If premium cost is more than $200 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some cases where buying only liability insurance is not advised. If you still owe a portion of the original loan, you have to carry full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.
Four Things That Determine Your Insurance Prices
Many factors are used when you get your auto insurance bill. A few of the factors are predictable such as your driving record, but other criteria are less obvious such as your marital status or your financial responsibility. An important part of buying insurance is that you know the different types of things that help calculate your premiums. If you know what positively or negatively impacts your premiums, this allows you to make good choices that may reward you with lower rates.
Marriage is a factor – Being married actually saves money compared to being single. Marriage is viewed as being more responsible and statistics show drivers who are married are more cautious.
Credit history impact auto insurance premiums – Credit score can be an important factor in determining your rates. Insureds with excellent credit tend to file fewer claims and have better driving records than those with lower credit ratings. If your credit score leaves room for improvement, you may save money insuring your Lexus GS 350 by improving your rating.
GPS tracking and theft deterrents lower prices – Selecting a car model with a theft deterrent system can save you a little every year. Advanced theft deterrents like GM’s OnStar, tamper alarm systems and vehicle immobilizers all help stop car theft and help bring rates down.
Accidents increase prices – Just one chargeable violation can boost insurance rates forty percent or more. Drivers who don’t get tickets receive lower rates as compared to those with violations. Drivers who get serious citations like reckless driving, hit and run or driving under the influence may find that they have to to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to drive a vehicle legally.
The diagram below illustrates how traffic citations and fender-benders increase Lexus GS 350 insurance costs for different age groups. The premiums assume a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
Lexus GS 350 claim data – Insurance companies include the past claim history for a vehicle to calculate a rate that will offset any claims. Vehicles that have higher frequency or amount of claims will have higher rates. The next table shows the collected loss data for Lexus GS 350 vehicles.
For each coverage type, the loss probability for all vehicles averaged together is equal to 100. Values that are 100 or less indicate better than average losses, while percentage numbers above 100 point to more losses or tendency to have higher losses.
|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|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Save money by receiving discounts
Not too many consumers would say auto insurance is affordable, but you can get discounts that may help make it more affordable. Some of these discounts will be visible at the time you complete a quote, but some may not be applied and must be specially asked for prior to getting the savings. If you do not double check each discount you deserve, you may be paying too high a price.
- Distant Student Discount – Any of your kids who live away from home to go to college and do not have a car may qualify for this discount.
- Military Deployment Discount – Having a deployed family member could qualify you for better rates.
- Government Employee Discount – Active or former government employment could provide a small rate reduction depending on your company.
- Student Driver Training – Require your teen driver to complete a driver education course if it’s offered in school.
- Responsible Driver Discount – Drivers who avoid accidents may save up to 50% more than drivers with accident claims.
- Discount for New Cars – Insuring a new GS 350 can cost up to 25% less since new vehicles are generally safer.
We need to note that most discounts do not apply to the whole policy. Most only cut specific coverage prices like comprehensive or collision. Despite the appearance that all those discounts means the company will pay you, that’s just not realistic.
The example below illustrates the difference between Lexus GS 350 yearly insurance costs with and without policy discounts. The premium estimates are based on a male driver, no claims or violations, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, claim-free, marriage, multi-car, and homeowner discounts applied.
A few of the larger companies and a selection of discounts are outlined below.
- State Farm has discounts for multiple autos, anti-theft, student away at school, good driver, driver’s education, and defensive driving training.
- Nationwide may include discounts for easy pay, defensive driving, Farm Bureau membership, good student, accident-free, multi-policy, and family plan.
- GEICO policyholders can earn discounts including air bags, anti-lock brakes, seat belt use, five-year accident-free, membership and employees, federal employee, and daytime running lights.
- AAA may offer discounts for pay-in-full, multi-car, anti-theft, AAA membership discount, multi-policy, and good driver.
- 21st Century offers discounts including teen driver, theft prevention, automatic seat belts, good student, homeowners, and driver training.
- The Hartford includes discounts for vehicle fuel type, anti-theft, good student, air bag, driver training, defensive driver, and bundle.
Before you buy a policy, ask each company or agent which discounts they offer. Depending on the company, some discounts may not apply in every state.
Buying car insurance from Fort Worth auto insurance agents
Many drivers still prefer to talk to an insurance agent and that is recommended in a lot of cases Experienced insurance agents are highly skilled in risk management and help submit paperwork. A nice benefit of comparing car insurance online is the fact that drivers can get cheaper auto insurance rates and also buy local. Buying from and supporting local insurance agencies is important particularly in Fort Worth.
By using this form (opens in new window), your insurance coverage information gets sent to local insurance agents in Fort Worth who will give you bids for your coverage. You won’t even need to drive around as quotes are delivered directly to you. If for some reason you want to quote rates from a particular provider, feel free to find their quoting web page and submit a quote form there.
Choose the right car insurance agent
When researching a local agent, there are two types of agencies and how they can service your needs differently. Car insurance policy providers are classified as either exclusive or independent agents depending on their company appointments. Both types can sell car insurance policies, but it’s worth mentioning why they differ since it can impact the selection process.
Independent Insurance Agents
These agents are not employed by any specific company and that allows them to write policies through many different car insurance companies and get you the best rates possible. If premiums increase, they simply move your policy to a different company and you can keep the same agent.
If you are comparing car insurance prices, you definitely need to contact at a minimum one independent agency for the best price selection. Most can insure with smaller mutual companies that can offer cheaper rates than bigger companies.
The following is a short list of independent insurance agents in Fort Worth that can possibly get you price quote information.
- Main Street Independent Insurance- Tim Linzy, Agent
6300 Ridglea Pl #1115 – Fort Worth, TX 76116 – (817) 380-5597 – View Map
- Flores and Associates Insurance Agency
1419 W Berry St – Fort Worth, TX 76110 – (817) 926-1238 – View Map
- Nationwide Insurance: Morris Curlee Jr
3000 Altamesa Blvd #150 – Fort Worth, TX 76133 – (817) 370-9838 – View Map
Exclusive Car Insurance Agents
These type of agents are contracted to one company and some examples include Allstate and State Farm. Exclusive agents cannot compare other company’s rates so they have no alternatives for high prices. Exclusive agencies are usually well trained on sales techniques which aids in selling service over price. Some insured continue to use the same exclusive agent primarily because of the brand name and the convenience of having a single billing for all their coverages.
Shown below are Fort Worth exclusive agents that are able to give price quote information.
- Kathleen Alexander – State Farm Insurance Agent
5336 Wedgmont Cir N – Fort Worth, TX 76133 – (817) 292-6006 – View Map
- Bob McCright – State Farm Insurance Agent
6231 Oakmont Blvd – Fort Worth, TX 76132 – (817) 294-9858 – View Map
- Vince Adams – State Farm Insurance Agent
5932 River Oaks Blvd – Fort Worth, TX 76114 – (817) 377-3401 – View Map
Choosing a car insurance agent requires you to look at more than just the premium amount. Any agent in Fort Worth should have no problem answering these questions:
- How much will you save each year by using a higher deductible?
- How long have they been in business?
- Does their agency support local causes in Fort Worth?
- Will they make sure you get an adequate claim settlement?
- Do they get extra compensation for selling add-on coverages?
- Are aftermarket or OEM parts used to repair vehicles?
- If your car is totaled, how to they determine the replacement cost?
- Are there any extra charges for paying monthly?
Insurance can get complicated
When quoting and comparing coverage online or from an agent for your vehicles, there really is not a single plan that fits everyone. You are unique so your insurance should reflect that
These are some specific questions can aid in determining whether your personal situation may require specific advice.
- Does medical payments coverage apply to all occupants?
- Am I covered if I drive in a foreign country?
- What vehicles should carry emergency assistance coverage?
- Can my babysitter drive my car?
- I don’t drive much so do I pay less?
- Can I make deliveries for my home business?
- Should I put collision coverage on all my vehicles?
- What should my uninsured motorist coverage limits be in Texas?
- Can I still get insurance after a DUI?
- How much cheaper are high deductibles?
If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.
Keep this in mind when shopping around
We just covered many ways to reduce Lexus GS 350 insurance prices online in Fort Worth. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. You may even find the lowest prices are with some of the smallest insurance companies. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like State Farm or Progressive.
As you restructure your insurance plan, never reduce coverage to reduce premium. In many instances, someone sacrificed collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your objective should be to buy the best coverage you can find at the best price and still be able to protect your assets.
Some insurance companies do not provide online price quotes and most of the time these regional insurance providers provide coverage only through local independent agents. Budget-friendly auto insurance in Fort Worth can be sourced both online and also from your neighborhood Fort Worth agents, and you should compare price quotes from both in order to have the best chance of saving money.
How to find cheaper quotes for Lexus GS 350 insurance in Fort Worth
If you want to save money, the best way to find low-cost car insurance rates is to begin comparing prices regularly from insurance carriers in Fort Worth. This can be done by completing these steps.
First, read about how companies set rates and the factors you can control to prevent expensive coverage. Many things that cause high rates like traffic violations, accidents, and a not-so-good credit score can be remedied by paying attention to minor details.
Second, compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Farmers Insurance, while independent agents can quote prices for a wide range of insurance providers. Find a Fort Worth insurance agent
Third, compare the quotes to your current policy and see if there is a cheaper rate in Fort Worth. If you find a lower rate quote, make sure coverage is continuous and does not lapse.
Fourth, provide notification to your current company of your decision to cancel the current policy. Submit a down payment and signed policy application to your new company or agent. As soon as you can, place your new certificate of insurance in your vehicle.
A good piece of advice is to use identical limits and deductibles on every quote and and to look at every company you can. This provides a level playing field and the best price quote selection.
Much more information about auto insurance in Texas is located below:
- Insurance Losses by Make and Model (iihs.org)
- How Much is Fort Worth Car Insurance for Used Cars? (FAQ)
- Who Has Affordable Car Insurance for First-time Drivers in Fort Worth? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Electric Cars in Fort Worth? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Drivers with Good Credit in Fort Worth? (FAQ)
- How Much are Car Insurance Rates for Good Students in Fort Worth? (FAQ)
- Tools for Teen Driving Safety (State Farm)
- Car Insurance: When not to Skimp (BankRate.com)