Lexus GS 350 Insurance Quotes in Columbus

Insurance for Lexus GS 350To save the most money, the best way to get discount Lexus GS 350 insurance is to regularly compare price quotes from providers who sell auto insurance in Columbus.

A valuable tip to remember is to use the same physical damage deductibles and liability limits on every price quote and and to get price estimates from as many carriers as you can. Doing this ensures an apples-to-apples comparison and the most accurate and complete price analysis.

It’s well known that car insurance companies don’t want you to look at other companies. Drivers who shop around for the cheapest price will presumably buy a new policy because the odds are good of finding a cheaper policy. A recent survey revealed that people who compared rates once a year saved $860 a year as compared to drivers who don’t regularly compare prices.

If finding the cheapest rates on Lexus GS 350 insurance in Columbus is your objective, then knowing how to compare insurance premiums can help you succeed in finding affordable rates.

When comparing auto insurance rates, know that comparing more rates from different companies helps you find the best price. Some insurance companies are not set up to provide online price quotes, so it’s necessary to compare prices on coverage from those companies, too.

The companies shown below have been selected to offer free quotes in Columbus, OH. If multiple companies are listed, we recommend you visit as many as you can in order to find the lowest rates.

Get cheaper Lexus GS 350 insurance in Columbus with discounts

Companies that sell car insurance don’t always advertise every discount they offer very well, so below is a list some of the more common as well as some of the hidden car insurance savings.Discount car insurance

It’s important to understand that most discounts do not apply to your bottom line cost. A few only apply to specific coverage prices like liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, you aren’t that lucky.

The illustration below shows the difference between Lexus GS 350 car insurance costs with and without discounts being applied to the rates. The prices are based on a female driver, no violations or claims, Ohio 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-car, safe-driver, homeowner, claim-free, marriage, and multi-policy discounts applied.

To see insurers who offer cheap Lexus GS 350 insurance quotes in Columbus in Ohio, click this link.

Statistics and details

The price information shown below covers detailed analysis of insurance policy prices for Lexus GS 350 models. Being aware of how insurance prices are established can be valuable when making smart choices when choosing a car insurance company.

Lexus GS 350 Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $132 $248 $196 $12 $58 $646 $54
GS 350 AWD $146 $280 $196 $12 $58 $692 $58
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Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Information does not factor in garaging location in Columbus which can alter coverage prices noticeably.

Can higher deductibles save money?

One frequently asked question is how high should the deductibles for physical damage be. The tables below can help illustrate the differences in premium rates when you buy lower versus higher insurance deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Lexus GS 350 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $246 $478 $192 $12 $58 $1,011 $84
GS 350 AWD $270 $542 $192 $12 $58 $1,099 $92
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Lexus GS 350 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $180 $324 $192 $12 $58 $766 $64
GS 350 AWD $198 $366 $192 $12 $58 $826 $69
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate quotes do not factor in garaging location in Columbus which can increase or decrease auto insurance rates greatly.

Based on this data, using a $100 deductible would cost the average driver about $21 more each month or $252 each year than selecting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 19 months between claim filings, you would most likely save money by going with a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $88
Average monthly premium for $500 deductibles (subtract): – $67
Monthly savings from raising deductible: $21
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One important caveat is that higher deductibles means you will have to pay more out-of-pocket if you have a claim. You will want to have enough disposable income in the event you have to pay the higher deductible.

Does it make sense to buy full coverage?

The example below illustrates the difference between Lexus GS 350 car insurance costs with and without physical damage coverage. The premiums are based on a clean driving record, no claims, $100 deductibles, marital status is single, and no additional discounts are factored in.

When to drop comprehensive and collision coverage

There is no clear-cut rule of when to stop paying for physical damage insurance, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s assume your Lexus GS 350 replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after paying your deductible. If premiums are more than $700 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are a few situations where removing full coverage is not advised. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.

Buy More Affordable Auto Insurance with These Tips

One of the most helpful ways to save on auto insurance is to to have a grasp of the different types of things that help calculate your auto insurance rates. When you know what positively or negatively controls the rates you pay, this empowers consumers to make smart changes that may result in better auto insurance rates. Many things are part of the calculation when pricing auto insurance. Some factors are common sense like an MVR report, although some other factors are more transparent such as your credit history or your vehicle rating.

The following are some of the most common factors utilized by car insurance companies to help set your premiums.

Rates may be lower depending on your vocation – Occupations such as lawyers, airline pilots, and miners generally pay higher average rates in part from job stress and incredibly demanding work hours. Conversely, careers such as professors, students and retirees pay lower than average rates.

Gender impacts premiums – Statistics show that women are safer drivers than men. This data doesn’t prove that men are WORSE drivers than women. Women and men tend to get into accidents at about the same rate, but the men have accidents that have higher claims. They also get ticketed for serious violations like DWI (DUI) or reckless driving. Male drivers age 16 to 19 tend to get in the most accidents so they pay the highest premiums.

The diagram below visualizes the comparison of Lexus GS 350 premium costs for male and female drivers. The price estimates are based on no violations or accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Tickets are costly – Whether or not you get tickets influences premium rates substantially. Attentive drivers get better rates as compared to those with violations. Getting just one speeding ticket or other violation may increase your cost by as much as twenty percent. Drivers unfortunate enough to have careless tickets such as reckless driving, hit and run or driving under the influence may be required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to prevent their license from being revoked.

The chart below illustrates how traffic citations and fender-benders can impact Lexus GS 350 car insurance costs for different age groups. The prices are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.

Better auto insurance rates with anti-theft devices – Buying a car with an alarm system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent vehicle theft.

Never let your auto insurance expire – Driving your car without having proper coverage can get you a ticket and you may have a hard time finding new coverage because you let your coverage lapse. In addition to paying higher premiums, not being able to provide proof of insurance might get you a fine, jail time, or a revoked license.

Urban areas may pay more – Residing in less populated areas of the country is a good thing when talking about auto insurance. Fewer drivers and short commutes means fewer accidents in addition to fewer liability claims. City drivers tend to have traffic congestion and more time behind the wheel. Spending more time driving means higher likelihood of an accident.

Save money with higher coverage deductibles – Your deductibles define how much you are willing to pay before your auto insurance pays a claim. Physical damage protection, also called comprehensive and collision insurance, is used to repair damage to your car. A few examples of covered claims are a windshield broken by a bird, fire damage, or theft of your vehicle. The more of the claim you have to pay, the lower your rates will be.

Lexus GS 350 insurance loss data – Companies include the past claim history for a vehicle as a way to help calculate a profitable premium rate. Models that are shown to have higher number or severity of losses will be charged more to insure.

The next table illustrates the compiled insurance loss statistics for Lexus GS 350 vehicles. For each policy coverage, the claim probability for all vehicles, as an average, is considered to be 100. Numbers that are below 100 indicate better than average losses, while values over 100 indicate more frequent claims or tendency to have larger claims.

Auto Insurance Loss Data for Lexus GS 350 Models
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

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

Local Columbus car insurance agents

Many drivers just want to have an agent’s advice and that is a smart decision An additional benefit of comparing rates online is you may find cheap insurance quotes and still choose a local agent. Buying insurance from local agents is especially important in Columbus.

Upon completion of this simple form, your coverage information is transmitted to participating agents in Columbus that can give you free Columbus car insurance quotes for your coverage. You don’t have to contact any insurance agencies because prices are sent to you directly. You can most likely find cheaper rates and work with a local agent. In the event you want to get a price quote from a specific company, just jump over to their website and give them your coverage information.

Exclusive and independent Columbus auto insurance agents

If you are wanting to find local Columbus agents, it’s helpful to know the different types of agencies and how they are distinctly different. Agencies in Columbus can either be independent or exclusive depending on the company they work for.

Independent Insurance Agencies or Brokers

Agents of this type do not sell for just one brand and that is an advantage because they can write policies through many different insurance companies and get the cheapest rates. If premiums increase, the business is moved internally and you stay with the same agent. If you are trying to find cheaper rates, we recommend you get several quotes from a couple of independent agencies to get the most accurate price comparison.

Listed below is a short list of independent agents in Columbus that can possibly get you free price quotes.

3851 N High StColumbus, OH 43214(614) 267-1973View Map

630 E Broad StColumbus, OH 43215(614) 418-5710View Map

655 Metro Pl S Suite 330Dublin, OH 43017(614) 761-2825View Map

More Columbus agents

Exclusive Insurance Agencies

Agents of this type have only one company to place business with and examples are American Family, State Farm, and AAA. These agents are unable to give you multiple price quotes so always compare other rates. Exclusive agencies are well schooled on the products they sell which helps them compete with independent agents.

Shown below are exclusive agencies in Columbus that are able to give price quotes.

1500 S Hamilton RdColumbus, OH 43227(614) 864-1050View Map

20 S 3rd St #210Columbus, OH 43215(614) 274-7130View Map

4612 N High StColumbus, OH 43214(614) 262-1055View Map

More Columbus agents

Choosing an insurance agent requires more thought than just the quoted price. Before buying a policy in Columbus, get answers to these questions.

Be persistent and save

In this article, we presented a lot of ways to save on Lexus GS 350 insurance in Columbus. The most important thing to understand is the more you quote Columbus car insurance, the higher your chance of finding affordable Columbus car insurance quotes. You may even find the best price on car insurance is with a lesser-known regional company. Regional companies may cover specific market segments cheaper compared to the large companies like Progressive or GEICO.

As you shop your coverage around, never buy lower coverage limits just to save a few bucks. In many cases, an insured dropped collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your strategy should be to get the best coverage possible at the lowest possible cost, but don’t skip important coverages to save money.

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