Save Money on Lexus GS 350 Insurance in Baltimore

The best way we recommend to get low-cost Lexus GS 350 insurance is to regularly compare quotes from different companies in Baltimore.

1. Try to understand how insurance works and the changes you can make to prevent expensive coverage. Many risk factors that cause rate increases such as at-fault accidents, careless driving, and a substandard credit score can be controlled by making minor driving habit or lifestyle changes. This article gives additional ideas to help reduce premium rates and find additional discounts.
2. Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO and State Farm, while independent agents can provide price quotes from multiple insurance companies. Compare rates now
3. Compare the new rates to the premium of your current policy and determine if cheaper GS 350 coverage is available. If you can save some money and change companies, make sure there is no lapse in coverage.

The key aspect of shopping around is to make sure you enter similar limits and deductibles on each quote request and and to get rate quotes from as many companies as feasibly possible. Doing this provides an apples-to-apples comparison and a thorough selection of prices.

It’s an obvious conclusion that car insurance companies don’t want policyholders to shop around. Consumers who do rate comparisons will presumably buy a different policy because the odds are good of finding coverage at a cheaper rate. A recent survey revealed that people who compared rates regularly saved on average $3,450 over four years compared to policyholders who never shopped around for cheaper prices.

If finding the most affordable Lexus GS 350 insurance in Baltimore is your goal, knowing how to quote prices and compare insurance premiums can make the process less intimidating.

Affordable Baltimore insurance rates with discounts

Some providers do not advertise all their discounts very well, so the next list breaks down some of the best known and the more hidden credits available to lower your premiums when you buy Baltimore auto insurance online. If you do not check that you are getting every discount you qualify for, you could be saving more on your insurance.

• Baltimore Homeowners Pay Less – Owning a house in Baltimore can get you a discount since home ownership means you have a higher level of financial diligence.
• Waiver for an Accident – This one isn’t a discount, but companies like GEICO, Progressive, and Allstate will turn a blind eye to one accident before raising your premiums if you are claim-free before the accident.
• Driver Training Discounts – Completing a defensive driver course could save 5% or more if you qualify.
• Discounts for Federal Employees – Active or retired federal employment may qualify for a discount when you quote Baltimore auto insurance with select insurance companies.
• College Student Discount – College-age children who are attending college without a vehicle on campus could qualify for this discount.
• E-sign – A handful of larger companies provide a small discount for buying a policy and signing up on the web.
• Switch and Save Discount – Some larger companies provide a discount for switching policies before your current coverage expires. It can save you around 10%.
• Auto/Home Discount – If you have multiple policies with the same company they may give you a discount of 10% to 20% off each policy.

Policy discounts save money, but most of the big mark downs will not be given to the entire cost. The majority will only reduce specific coverage prices like medical payments or collision. Even though the math looks like you would end up receiving a 100% discount, insurance companies aren’t that generous.

The diagram below illustrates the comparison of Lexus GS 350 auto insurance costs with and without discounts applied to the rates. Data assumes a male driver, no claims, a clean driving record, Maryland 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, marriage, claim-free, multi-car, homeowner, and multi-policy discounts applied.

A list of insurance companies and some of their more popular discounts can be found below.

• Progressive includes discounts for continuous coverage, homeowner, online signing, multi-policy, online quote discount, and good student.
• AAA may include discounts for AAA membership discount, good student, multi-policy, good driver, and education and occupation.
• Farmers Insurance has discounts for switch companies, teen driver, mature driver, good student, and bundle discounts.
• GEICO may have discounts that include good student, driver training, anti-lock brakes, air bags, membership and employees, and multi-vehicle.
• Esurance may offer discounts for emergency road assistance, anti-lock brakes, multi-policy, Pac-12 alumni, DriveSense, and online quote.
• SAFECO offers discounts including multi-car, teen safety rewards, accident prevention training, bundle discounts, homeowner, anti-lock brakes, and anti-theft.
• State Farm discounts include good student, multiple policy, accident-free, good driver, safe vehicle, and multiple autos.

Before purchasing a policy, check with all the companies the best way to save money. Some of the discounts discussed earlier might not apply in your state. To find companies with significant discounts in Maryland, click here to view.

Most larger insurance companies allow consumers to get coverage prices on the web. Comparing Lexus GS 350 insurance rates online doesn’t take a lot of time because you just enter the amount of coverage you want on the page. When the form is submitted, the company’s rating system collects your driving record and credit report and quotes a price.

Getting online quotes for Lexus GS 350 insurance in Baltimore makes it simple to compare prices and it is important to perform this step in order to get a lower rate.

To compare rates using this form now, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you copy coverages and limits identical to your current policy. Using the same limits helps guarantee you will be getting a price comparison using the same coverage and limits.

The companies in the list below are our best choices to provide comparison quotes in Baltimore, MD. To find cheap car insurance in Baltimore, we suggest you visit two to three different companies to get a more complete price comparison.

Auto insurance statistics for a Lexus GS 350

The premium table displayed below covers detailed analysis of coverage prices for Lexus GS 350 models. Learning more about how insurance prices are formulated can help customers make smart choices when choosing a car insurance company.

Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location which can modify rates considerably.

How high should deductibles be?

One of the hardest decisions when shopping for auto insurance is what deductibles to buy. The premium rates below may help you to understand the differences in price when you buy lower versus higher coverage deductibles. The first rate table uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Premium amounts do not factor in specific zip code location which can influence price quotes significantly.

Using the data above, we can ascertain that using a $250 deductible could cost the average driver approximately $39 more each month or $468 a year across all Lexus GS 350 models 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 average at a minimum 19 months between claim filings, you would probably come out ahead by selecting a higher deductible.

Drive safe and save

The diagram below demonstrates how traffic citations and at-fault collisions raise Lexus GS 350 insurance prices for different categories of driver ages. The price estimates are based on a married female driver, full coverage, $100 deductibles, and no additional discounts are factored in.

Full coverage versus liability only rates

The information below shows the comparison of Lexus GS 350 yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no policy discounts are applied.

Should you be buying full coverage?

There is no clear-cut rule of when to stop paying for physical damage insurance, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s say your Lexus GS 350 settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,000 after the policy deductible has been paid. If it’s costing in excess of $400 a year for full coverage, then it might be time to consider dropping full coverage.

There are a few cases where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Getting quotes from local Baltimore auto insurance agents

Certain consumers just want to get advice from a local agent and that can be a smart move Licensed agents are highly skilled in risk management and help submit paperwork. An additional benefit of price shopping on the web is that drivers can save money and get lower rates but still work with a licensed agent.

By using this simple form, the quote information gets sent to local insurance agents in Baltimore that can give you free Baltimore auto insurance quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to find an agent because quoted prices will be sent directly to your email. If you need to get a rate quote from one company in particular, just jump over to their website to submit a rate quote request.

Choosing the best insurance company is decision based upon more than just the quoted price. A good agent in Baltimore will have answers to these questions.

• Will high miles depreciate repair valuations?
• What is their Better Business Bureau rating?
• Will the agent help in case of a claim?
• Can glass repairs be made at your home?
• Can you use your own choice of collision repair facility?

If you want to use a local agent, there are two types of insurance agents and how they differ in how they quote coverages. Agents can be described as either exclusive or independent. Both can sell affordable insurance policies, but it’s a good idea to understand why they differ since it can affect the kind of agent you use.

Exclusive Insurance Agencies

These type of agents are contracted to one company and examples are Farmers Insurance, State Farm, or Allstate. They generally cannot compare other company’s rates so keep that in mind. Exclusive agents are well schooled on the products they sell and that can be a competitive advantage. Consumers sometimes use the same agent primarily because of the brand name rather than low rates.

The following are Baltimore exclusive insurance agents willing to provide rate quotes.

• Allstate Insurance: Jim Craig
  2829 O’Donnell St – Baltimore, MD 21224 – (410) 522-6100 – View Map
• GEICO Insurance Agent
  7915 Belair Rd – Baltimore, MD 21236 – (410) 882-8200 – View Map
• Farmers Insurance – Charles Connolly
  6719 York Rd – Baltimore, MD 21212 – (443) 863-7733 – View Map

More insurance agents

Independent Agencies or Brokers

Independent insurance agents are not employed by one company so they can quote policies with lots of companies and help determine which has the cheapest rates. If your premiums go up, the business is moved internally and you don’t have to switch agencies.

If you are comparing insurance prices, it’s recommended you check rates from several independent insurance agents to ensure the widest selection of prices. Most can insure with smaller mutual companies who may have lower rates.

Shown below is a short list of independent insurance agents in Baltimore who can help you get comparison quotes.

• Nationwide Insurance: Rodgers Insurance Agency Inc
  6800 Holabird Ave a – Baltimore, MD 21222 – (410) 282-1379 – View Map
• Upper Chesapeake Insurance Agency Inc
  900 S Charles St – Baltimore, MD 21230 – (410) 385-0455 – View Map
• Nationwide Insurance: Luray and Associates Inc
  1726 Reisterstown Rd #220 – Baltimore, MD 21208 – (410) 602-2636 – View Map

More insurance agents

Cheaper car insurance premiums are possible

Insureds who switch companies do it for any number of reasons including being labeled a high risk driver, high prices, not issuing a premium refund and even denial of a claim. Regardless of your reason for switching companies, choosing a new company is pretty easy and you might even save some money in the process.

Cheaper Lexus GS 350 insurance in Baltimore is definitely available from both online companies and from local agencies, so you need to quote Baltimore auto insurance with both so you have a total pricing picture. Some companies may not provide the ability to get quotes online and usually these small insurance companies work with independent insurance agencies.

In this article, we covered some good ideas how you can get a better price on Lexus GS 350 insurance in Baltimore. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may even be surprised to find that the most savings is with an unexpected company.

More information

• Collision Insurance Coverage (Nationwide)
• Who Has Cheap Auto Insurance Quotes for Electric Cars in Baltimore? (FAQ)
• Anti-Lock Brake FAQ (iihs.org)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Prom Night Tips for Teen Drivers (State Farm)
• Get the Right Protection (InsureUonline.org)