Best Ways to Save on Cincinnati Lexus GS 350 Insurance

We don’t have to point out that fact that car insurance companies don’t want customers comparing rates. Insureds who shop around at least once a year will probably switch companies because there is a good chance of finding coverage at a more affordable price. A recent survey revealed that drivers who made a habit of comparing rate quotes saved approximately $3,400 over four years compared to drivers who never shopped around.

If finding the lowest price for car insurance is the reason you’re here, then having a grasp of the best ways to shop for coverages can help you succeed in saving money.

Insurance for Lexus GS 350If saving the most money is your goal, then the best way to get the cheapest Lexus GS 350 insurance in Cincinnati is to make a habit of comparing prices annually from insurance carriers that insure vehicles in Ohio. Prices can be compared by completing these steps.

First, take a little time to learn about how your policy works and the steps you can take to prevent expensive coverage. Many rating factors that cause rate increases such as speeding tickets, accidents and a substandard credit history can be amended by making minor changes to your lifestyle.

Second, obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Allstate, while agents who are independent can provide rate quotes from multiple insurance companies.

Third, compare the new rate quotes to the price on your current policy and see if you can save money. If you can save some money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, provide notification to your current company to cancel your current policy and submit a down payment and signed policy application to the newly selected company. Immediately upon receiving it, keep your new certificate of insurance along with your vehicle registration.

A good tip to remember is to make sure you enter the same deductibles and limits on each price quote and and to compare as many companies as possible. This ensures a level playing field and many rates to choose from.

Components of Your Lexus GS 350 Insurance Prices

Many things are considered when you get a price on insurance. Some are obvious such as your driving record, but other criteria are less obvious such as your credit history or how financially stable you are. It’s important that you understand the factors that aid in calculating the price you pay for insurance. When you understand what influences your rates, this empowers consumers to make smart changes that could help you find cheaper rates.

Analysis of Lexus GS 350 rates

The information shown next outlines estimates of coverage costs for Lexus GS 350 models. Having a better understanding of how auto insurance premiums are determined can be of help when making smart choices when comparing insurance quotes.


Lexus GS 350 Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $204 $324 $252 $14 $76 $870 $73
GS 350 AWD $226 $366 $252 $14 $76 $934 $78
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium costs do not factor in zip code location which can impact coverage prices substantially.

Policy deductible comparison

A question often asked by Cincinnati drivers is the level to set your comp and collision deductibles. The following insurance rates approximate the difference in cost of buying low and high coverage deductibles. The first table uses a $100 physical damage deductible and the second price chart uses a $1,000 deductible.


Lexus GS 350 insurance prices 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 prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $136 $252 $192 $12 $58 $650 $54
GS 350 AWD $150 $286 $192 $12 $58 $698 $58
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Rate quotes do not factor in specific location information which can increase or decrease premiums greatly.

Based on this data, using a $100 deductible will cost you about $32 more each month or $384 for a full year than selecting the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you have at least 28 months between claim filings, you would probably save some money if you opt for a higher deductible.

The example below shows how different deductible levels and can impact Lexus GS 350 yearly insurance costs for each age group. The information is based on a single female driver, comp and collision included, and no other discounts are factored in.

Does it make sense to buy full coverage?

The diagram below illustrates the comparison of Lexus GS 350 insurance prices with full coverage compared to only the Ohio minimum liability coverage. The data is based on no claims, a clean driving record, $100 deductibles, marital status is single, and no discounts are taken into consideration.

Guidelines for eliminating full coverage

There is no set guideline to stop paying for full coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 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 settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $8,000 after paying your policy deductible. If you are paying in excess of $800 a year for your policy with full coverage, then you might consider buying liability only.

There are a few situations where dropping full coverage is not a good idea. If you still owe money on your vehicle, 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 totaled, you should not buy liability only.

Car insurance discounts are available for cheaper rates

Car insurance is easily one of your largest bills, but you may be missing some discounts that can help lower your rates. Some of these discounts will be visible when you get a quote, but a few must be requested specifically before you will receive the discount.Save money with discounts

Don’t be shocked that most of the big mark downs will not be given to the overall cost of the policy. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, it just doesn’t work that way.

The information below shows the comparison of Lexus GS 350 annual premium costs with and without discounts applied to the policy rates. The premium estimates are based on a female driver, no accidents, no driving violations, Ohio state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, multi-policy, safe-driver, and multi-car discounts applied.

Large car insurance companies and some of their more popular discounts are included below.

When getting free Cincinnati auto insurance quotes, it’s a good idea to all companies you are considering how you can save money. All car insurance discounts may not apply everywhere. To choose providers with the best discounts in Cincinnati, follow this link.

Don’t give up on cheaper rates

As you restructure your insurance plan, don’t be tempted to skimp on critical coverages to save a buck or two. There have been many situations where an insured dropped uninsured motorist or liability limits and learned later that the small savings ended up costing them much more. Your goal should be to purchase a proper amount of coverage at the best cost while still protecting your assets.

Some insurance companies do not provide online rate quotes and usually these regional carriers prefer to sell through independent insurance agencies. Cheaper car insurance in Cincinnati can be purchased on the web and with local Cincinnati insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money.

Throughout this article, we presented some good ideas how to lower your Lexus GS 350 insurance rates in Cincinnati. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding the cheapest Lexus GS 350 rate quotes. You may even discover the lowest rates come from a smaller regional carrier.

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