Best Ways to Save on Jersey City Lexus GS 350 Insurance

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Insurance quote for Lexus GS 350 in Jersey CityThe preferred way to find low-cost Lexus GS 350 insurance in Jersey City is to compare prices once a year from insurance carriers in New Jersey. This can be done by following these steps.

  • Step 1: It will benefit you to learn about car insurance and the things you can change to prevent rate increases. Many things that cause rate increases such as getting speeding tickets and a negative credit rating can be eliminated by making minor changes in your lifestyle.
  • Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple sources. View rates
  • Step 3: Compare the new quotes to the price on your current policy and see if you can save money. If you find a lower rate quote, ensure there is no coverage lapse between policies.
  • Step 4: Notify your company or agent of your intent to cancel your current car insurance policy. Submit a down payment and signed policy application to the new insurer. Once the application is submitted, put the proof of insurance paperwork in a readily accessible location in your vehicle.

The most important part of shopping around is to make sure you enter identical limits and deductibles on each quote request and to quote with as many companies as you can. This helps ensure a level playing field and maximum price selection.

Smart shoppers know that auto insurance companies don't want you to look for cheaper rates. Insureds who shop around for better prices will presumably move their business because there are good odds of finding a more affordable policy premium. A survey found that people who shopped around saved on average $72 a month as compared to drivers who never compared other company's rates.

If finding the most affordable insurance is your ultimate target, knowing how to shop and compare insurance premiums can help you succeed in saving money.

Locating the best rates in Jersey City is actually very simple if you learn how to start. If you are already insured, you will most likely be able to buy cheaper auto insurance using the ideas presented in this article. Nevertheless, New Jersey drivers do need to understand how companies set your policy premium because it varies considerably.

The best way we recommend to compare rates for Lexus GS 350 insurance in Jersey City is to understand most insurance companies allow for online access to compare rate quotes. The one thing you need to do is provide the companies a bit of rating information such as whether you are single or married, if you went to college, whether the vehicles are used for commuting, and if you require a SR-22. The data gets sent immediately to insurance companies and they return quotes almost instantly.

If you wish to get multiple quotes for your Lexus GS 350 now, click here and enter your coverage details.

The car insurance companies shown below can provide free rate quotes in New Jersey. If multiple companies are listed, it's highly recommended you compare several of them in order to find the lowest rates.

Three reasons to not skimp on insurance

Despite the high insurance cost for a Lexus GS 350 in Jersey City, maintaining insurance is not optional due to several reasons.

  • Almost all states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability in order to be legal. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you have a loan on your GS 350, most banks will force you to buy insurance to guarantee loan repayment. If you do not keep the policy in force, the bank may insure your Lexus for a much higher rate and require you to reimburse them the higher premium.
  • Insurance safeguards your Lexus and your assets. It also can pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay attorney fees if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.

The benefits of carrying enough insurance definitely exceed the price paid, specifically if you ever have a liability claim. On average, a vehicle owner in Jersey City overpays as much as $800 each year so smart consumers compare quotes once a year at a minimum to ensure rates are competitive.

Rates and other information

The table shown next outlines detailed analysis of insurance prices for Lexus GS 350 models. Having a good understanding how prices are determined can be of help when making smart choices when purchasing an insurance policy.

Lexus GS 350 Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $364 $722 $392 $24 $118 $1,620 $135
GS 350 AWD $402 $816 $392 $24 $118 $1,752 $146
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Price estimates do not factor in your specific Jersey City location which can revise coverage rates significantly.

Analysis of deductible levels

One of the more difficult decisions when buying auto insurance is which deductible level should you buy. The tables below can help illustrate the difference in cost when you buy lower versus higher deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second price table uses a $500 deductible.

Lexus GS 350 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $466 $848 $408 $24 $122 $1,893 $158
GS 350 AWD $514 $960 $408 $24 $122 $2,053 $171
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Lexus GS 350 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 350 $380 $684 $408 $24 $122 $1,618 $135
GS 350 AWD $418 $774 $408 $24 $122 $1,746 $146
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rate quotes do not factor in specific zip code location which can decrease or increase prices significantly.

Based on the above data, using a $250 deductible costs approximately $24 more each month or $288 annually than buying the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 10 months between claims, you would save more money going with the higher deductible.

Comparison of auto insurance rates by age and gender in Jersey City

The diagram below visualizes the comparison of Lexus GS 350 premium costs for male and female drivers. The premium estimates are based on no violations or claims, comp and collision included, $100 deductibles, drivers are single, and no discounts are applied.

Rate difference between full and liability-only coverage

The illustration below visualizes the comparison of Lexus GS 350 annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. The information is based on no claims, a clean driving record, $100 deductibles, single marital status, and no discounts are applied.

When to switch to liability coverage only

There is no set guideline to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let's assume your Lexus GS 350 claim settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying your deductible. If you are paying over $600 annually to have full coverage, then you might want to consider buying only liability coverage.

There are a few cases where removing full coverage is not in your best interest. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should keep full coverage.

Check for these discounts on Lexus GS 350 insurance in Jersey City

Some companies don't always advertise every discount available very clearly, so the list below contains some of the more common and also the lesser-known discounts that may be available. If you do not check that you are getting every discount possible, you're paying more than you need to.Discount auto insurance

  • Club Memberships - Having an affiliation with a professional or civic organization could trigger savings on your next renewal.
  • Anti-theft System - Anti-theft and alarm system equipped vehicles can help prevent theft and will save you 10% or more on GS 350 insurance in Jersey City.
  • Good Student Discount - This discount can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Federal Government Employee - Active or former government employment may qualify for a discount when you quote Jersey City car insurance but check with your company.
  • Discount for New Cars - Putting coverage on a new GS 350 may earn a small discount because newer vehicles are generally safer.
  • Driving Data Discount - Insureds that choose to allow companies to spy on driving habits by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks if they exhibit good driving behavior.

As a sidenote, most of the big mark downs will not be given to all coverage premiums. Some only reduce the price of certain insurance coverages like medical payments or collision. Despite the fact that it seems like adding up those discounts means a free policy, that's just not realistic.

The diagram below shows the difference between Lexus GS 350 premium costs with and without discounts. The premiums are based on a female driver, no violations or claims, New Jersey state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, marriage, homeowner, and multi-car discounts applied.

Car insurance companies that may include these benefits may include but are not limited to:

When getting free Jersey City car insurance quotes, it's a good idea to every company to give you their best rates. Some discounts might not apply in your state. For a list of auto insurance companies who offer cheap Lexus GS 350 insurance quotes in Jersey City, click here to view.

Will just any policy work for me?

Keep in mind that when it comes to choosing proper insurance coverage for your vehicles, there really is no "perfect" insurance plan. Your needs are unique to you.Drive safe and save

These are some specific questions may help highlight whether your personal situation might need professional guidance.

  • Am I covered when pulling a rental trailer?
  • What vehicles should carry emergency assistance coverage?
  • Do I need PIP (personal injury protection) coverage in New Jersey?
  • Can my teen driver be rated on a liability-only vehicle?
  • Can I get a multi-policy discount?
  • What are the liability requirements in my state?
  • What are the best liability limits?
  • I have health insurance so do I need medical payments coverage?
  • Does low annual mileage earn a discount?
  • Should I file a claim if it's only slightly more than my deductible?

If you don't know the answers to these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don't have a local agent, fill out this quick form.