Save Money on Lexus GS 350 Insurance in Orlando

Are you drained from wondering where the money will come from to buy car insurance? You’re in the same situation as millions of other vehicle owners.

Insurance rates Lexus GS 350 in OrlandoIt’s a known fact that insurance companies don’t want you shop around. Insureds who compare other prices will, in all likelihood, buy a different policy because of the good chance of finding a more affordable policy. A recent study showed that drivers who faithfully checked for cheaper rates saved on average $3,500 over four years compared to other drivers who never shopped around.

If finding discount rates on car insurance is your ultimate goal, then having some insight into how to get rate quotes and compare insurance can make it easier to shop your coverage around.

Lots of auto insurance companies contend for your business, and it can be difficult to compare rates to get the lowest cost out there.

When comparing auto insurance rates, know that more quotes will enable you to find a lower rate than you’re paying now.

The companies in the list below have been selected to offer price comparisons in Orlando, FL. To locate cheap car insurance in FL, we suggest you visit several of them to get the best price comparison.

Auto insurance analysis for a Lexus GS 350

The premium table below outlines different coverage costs for Lexus GS 350 models. Having a better idea how auto insurance prices are figured is important for drivers to make smart choices when comparing insurance quotes.

Lexus GS 350 Insurance Rates in Orlando, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $320 $582 $362 $22 $108 $1,394 $116
GS 350 AWD $352 $658 $362 $22 $108 $1,502 $125
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Estimates do not factor in specific Orlando garaging location which can decrease or increase coverage rates noticeably.

Choosing deductibles

When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The tables below may help you to understand the rate fluctuation when you buy lower versus higher deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second rate table 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 $406 $736 $354 $20 $106 $1,647 $137
GS 350 AWD $446 $834 $354 $20 $106 $1,785 $149
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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 $250 $464 $354 $20 $106 $1,194 $100
GS 350 AWD $276 $524 $354 $20 $106 $1,280 $107
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Information does not factor in the specific area where the vehicle is garaged which can change premiums significantly.

Using the premium rates above, we can conclude that using a $250 deductible will cost you about $39 more each month or $468 each year than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 19 months between claims, you would probably be better off if you choose a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $250 deductibles: $143
Average monthly premium for $1,000 deductibles (subtract): – $104
Monthly savings from raising deductible: $39
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One important issue to know is that increasing deductibles to lower your rates means you will have to pay more of your own money when you have to file a claim. It will be required that you have enough disposable savings in the event you have to pay the higher deductible.

Auto insurance cost for men versus women in Orlando

The illustration below visualizes the comparison of Lexus GS 350 insurance rates for male and female drivers. The costs are based on no claims or driving citations, comp and collision included, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

Should you buy full coverage?

The diagram below shows the difference between Lexus GS 350 insurance premiums with liability coverage only compared to full coverage. The data is based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

When to drop comp and collision

There isn’t a steadfast formula to exclude physical damage coverage on your policy, but there is a general guideline. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s say your Lexus GS 350 book value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after paying your policy deductible. If it’s costing in excess of $400 annually for full coverage, then you might consider buying liability only.

There are a few cases where eliminating full coverage is not advised. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.

Do you qualify for discounts?

Auto insurance companies don’t always list all available discounts very clearly, so the next list breaks down a few of the more well known and also the more inconspicuous discounts that you can inquire about if you buy Orlando auto insurance online.Cheaper insurance with discounts

As is typical with insurance, some credits don’t apply to all coverage premiums. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like you could get a free insurance policy, you aren’t that lucky.

The chart below visualizes the comparison of Lexus GS 350 insurance costs with and without discounts applied to the rates. The rate quotes are based on a male driver, no violations or claims, Florida state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, safe-driver, claim-free, and multi-policy discounts applied.

Insurance companies that may offer most of the discounts above may include but are not limited to:

When quoting, ask each company how you can save money. Some credits might not be available to policyholders everywhere. If you would like to see a list of insurers that offer discounts in Orlando, follow this link.

Three reasons to not skimp on car insurance

Even though Orlando GS 350 insurance rates can get expensive, paying for car insurance is most likely required but also gives you several important benefits.

The benefits of carrying enough insurance greatly outweigh the cost, particularly if you ever have a claim. Unknowingly, the average driver overpays as much as $865 each year so you should quote and compare rates each time the policy renews to ensure rates are competitive.

How to find a good Orlando car insurance company

Ending up with a highly-rated insurance company can be rather challenging considering how many different insurance companies sell coverage in Orlando. The company information listed below can help you decide which insurers to look at purchasing a policy from.

Top 10 Orlando 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

Top 10 Orlando Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Your situation helps dictate your coverage

Always keep in mind that when comparing your policy, there is no one-size-fits-all type of policy. Your needs are unique to you and a cookie cutter policy won’t apply.Drive safe and save
For example, these questions might help in determining whether or not you might need an agent’s assistance.

If you don’t know the answers to these questions but you know they apply to you, 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

Are auto insurance agents a thing of the past?

Some consumers still prefer to go talk to an agent and there is nothing wrong with that. An additional benefit of getting online price quotes is that you can find lower rates but also keep your business local. Buying from small agencies is important particularly in Orlando.

Insurance agency in OrlandoOnce you complete this short form, your coverage information is submitted to insurance agents in Orlando who will return price quotes for your insurance coverage. It makes it easy because there is no need to contact an agency due to the fact that quote results will go to the email address you provide. You can get cheaper insurance rates and an insurance agent to talk to. If you have a need to compare rates from one company in particular, just go to their quote page and complete a quote there.

If you need to find a reputable insurance agent or broker, it can be helpful to understand the types of agencies and how they operate. Insurance agents in Orlando may be either exclusive or independent.

Independent Insurance Agencies

Independent agents are not employed by one company so they can quote policies through many different insurance companies depending on which coverage is best. If they quote lower rates, they simply move the coverage in-house and you stay with the same agent. If you are comparing rate quotes, you will want to include rate quotes from at least one independent agent for maximum quote selection.

Shown below is a small list of independent agents in Orlando that can possibly get you competitive price quotes.

605 E Robinson St #450Orlando, FL 32801(407) 334-7505View Map

522 E Colonial DrOrlando, FL 32803(407) 423-8345View Map

5003 Old Cheney HwyOrlando, FL 32807(407) 273-0230View Map

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Exclusive Insurance Agents

These type of agents can only place business with one company like American Family, State Farm, and Allstate. They are unable to provide rate quotes from other companies so keep that in mind. These agents receive a lot of sales training on the products they sell which can be an advantage.

The following is a short list of exclusive insurance agencies in Orlando that are able to give rate quotes.

992 N Semoran BlvdOrlando, FL 32807(407) 898-8836View Map

3806 Edgewater DrOrlando, FL 32804(407) 290-8544View Map

901 N Mills AveOrlando, FL 32803(407) 843-3333View Map

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Finding the right insurance agency requires more thought than just a low price. Any agent in Orlando should have no problem answering these questions:

After receiving satisfactory answers to any questions you may have as well as an affordable premium quote, you have narrowed it down to an insurance agency that is professional and can insure your vehicles.