Are you tired of overpaying and want more affordable Lexus GS 350 insurance in Durham? Buying budget-priced Durham Lexus GS 350 insurance quotes on the internet can appear to be rather challenging for people who are beginners to quoting and online price comparisons. With such a big selection of agents and companies competing online, how are we expected to have time to compare all the different companies and get better prices?
Shockingly, about 70% of customers kept buying from the same company for at least the last four years, and almost half have never shopped around. Drivers in North Carolina can save roughly $100 each year just by getting comparison quotes, but they mistakenly think it’s difficult to find affordable rates by getting comparison quotes.
It’s a great practice to compare premium rates periodically because prices are variable and change quite frequently. If you had the lowest price on Lexus GS 350 insurance in Durham two years ago you may be paying too much now. Forget anything you know (or think you know) about insurance because I’m going to teach you the tricks you need to know to reduce your cost while increasing coverage.
If you currently have car insurance, you will definitely be able to buy cheaper car insurance using the tips covered below. Shopping for affordable protection in Durham is not that difficult. But North Carolina drivers do need to know the way companies price online insurance and use this information to your advantage.
How much does Lexus GS 350 insurance in Durham cost?
To find the best car insurance prices, there are several ways to compare prices from many different North Carolina insurance companies. The best way to find the cheapest insurance rates consists of obtaining rate quotes online.
Keep in mind that comparing all the rates in your area helps improve the odds of finding more affordable insurance.
The companies shown below can provide quotes in North Carolina. If you want the best car insurance in North Carolina, it’s a good idea that you visit as many as you can in order to find the cheapest rates.
Lexus GS 350 insurance discounts in Durham
Car insurance is easily one of your largest bills, but there could be significant discounts that can drop the cost substantially. Some discounts apply automatically at the time of quoting, but some need to be specifically requested before you get the savings. If you are not receiving all the discounts possible, you could be getting lower rates.
- Safety Course Discount – Taking part in a course teaching safe driver skills could possibly earn you a 5% discount and also improve your driving technique.
- Multi-line Discount – Select companies reward you with a break if you buy a life insurance policy as well.
- Resident Student – College-age children who attend college more than 100 miles from Durham without a vehicle on campus can be insured at a reduced rate.
- New Car Discount – Putting car insurance coverage on a new GS 350 can save you some money because newer vehicles have to meet stringent safety requirements.
- Theft Prevention System – Cars and trucks optioned with advanced anti-theft systems are stolen less frequently so companies will give you a small discount.
Consumers should know that some of the credits will not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like all those discounts means the company will pay you, you aren’t that lucky. Any amount of discount should help lower the premium cost.
The chart below compares Lexus GS 350 insurance premiums with and without discounts applied to the policy premium. The premiums are based on a male driver, no accidents or driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, claim-free, safe-driver, and multi-policy discounts applied.
Insurance companies that may offer most of the discounts above are:
If you need lower rates, check with each insurance company to give you their best rates. Some discounts may not apply in Durham. To view providers that provide some of the discounts listed above in North Carolina, follow this link.
Lexus GS 350 insurance analysis
The table displayed next covers detailed analysis of insurance coverage prices for Lexus GS 350 models. Being aware of how insurance policy premiums are determined can be valuable when making informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 350 | $220 | $404 | $218 | $12 | $66 | $920 | $77 |
| GS 350 AWD | $242 | $458 | $218 | $12 | $66 | $996 | $83 |
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate information does not factor in your specific Durham location which can impact insurance rates noticeably.
Auto insurance deductibles
When comparing auto insurance rates, the most common question is how high should your deductibles be. The tables below outline the costs and benefits when you select higher and lower comp and collision deductibles. The first set of rates uses a $100 deductible for comp and collision and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 350 | $270 | $524 | $212 | $12 | $64 | $1,107 | $92 |
| GS 350 AWD | $298 | $594 | $212 | $12 | $64 | $1,205 | $100 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 350 | $150 | $276 | $212 | $12 | $64 | $714 | $60 |
| GS 350 AWD | $164 | $314 | $212 | $12 | $64 | $766 | $64 |
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate quotes do not factor in your specific Durham location which can increase or decrease premiums noticeably.
Using the premium rates above, we can conclude that using a $100 deductible costs an average of $34 more each month or $408 a year than opting for the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 26 months between claims, you would save money if you choose the higher deductible.
The diagram below highlights how deductible choice and can impact Lexus GS 350 insurance costs for different ages of insureds. The price estimates are based on a single male driver, comp and collision included, and no discounts are applied to the premium.
Drive safe and save
The example below illustrates how violations and accident claims raise Lexus GS 350 insurance costs for different age groups. The rates are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
Impact of age and gender on auto insurance rates
The example below illustrates the difference between Lexus GS 350 annual premium costs for male and female drivers. The information is based on no violations or claims, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are applied.
Does full coverage make sense?
The example below illustrates the comparison of Lexus GS 350 yearly insurance costs with and without full coverage. The premiums assume a clean driving record, no claims, $500 deductibles, single status, and no discounts are applied to the premium.
When to stop buying full coverage
There is no set rule to exclude physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Lexus GS 350 claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after paying your deductible. If you are paying over $200 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
Why Smart Consumers Pay Less for Lexus GS 350 Insurance
When buying insurance it’s important to understand some of the elements that are used to determine your premiums. If you have a feel for what determines base rates, this allows you to make good choices that may result in better insurance rates. Lots of things are used in the calculation when premium rates are determined. Some factors are common sense such as traffic violations, but others are less apparent such as your credit history and annual miles driven.
Single drivers take more risk – Having a significant other may earn you lower rates when shopping for insurance. Having a significant other is viewed as being more stable financially and insurance companies like that married drivers tend to file fewer claims.
Your occupation may affect premiums – Did you know your career choice can influence rates? Careers such as doctors, air traffic controllers, and medical professionals generally pay higher rates than the rest of us due to high stress and long work hours. Conversely, careers like farmers, engineers and performers generally pay rates lower than average.
Driver age impacts costs – More mature drivers are viewed as being more responsible, cost insurance companies less in claims, and are safer drivers. Young drivers are statistically shown to be easily distracted in a vehicle so they pay higher insurance rates.
The following data assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.
Liability is important – The liability coverage on your policy is the coverage that protects you if ever a court rules you are at fault for damages caused by your negligence. Liability provides legal defense coverage to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
Insurance loss statistics a Lexus GS 350 – Companies use statistical claims data when they calculate premium costs for each model. Models that the data determines to have increased claim numbers or amounts will have higher rates.
The next table shows the insurance loss data for Lexus GS 350 vehicles. For each type of coverage, the claim probability for all vehicles, as a total average, equals 100. Values below 100 mean the vehicle has better than average losses, while numbers that are greater than 100 show a trend for more claims or larger claims.
| Vehicle 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Auto insurance agents can give valuable advice
Many people would rather get professional advice from a licensed agent and there is nothing wrong with that. The biggest benefit of comparing insurance prices online is that drivers can save money and get cheap insurance quotes but still work with a licensed agent.
For easy comparison, once you complete this quick form, the coverage information is instantly submitted to local insurance agents who will give you bids for your insurance coverage. There is no reason to even leave your home because prices are sent to the email address you provide. You can get cheaper insurance rates and a licensed agent to work with. If you wish to compare rates from one company in particular, feel free to search and find their rate quote page and fill out their quote form.
Deciding on an provider should include more criteria than just a cheap price quote. A good agent in Durham will have answers to these questions.
- How much training do they have in personal risk management?
- Do they have 24-hour customer assistance?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- If you have an accident, will your rates go up?
- Can glass claims be handled at your home?
If you want a local Durham insurance agent, you need to know there are two types of insurance agents that differ in how they can insure your vehicles. Agencies in Durham can be described as either independent agents or exclusive agents.
Exclusive Agencies
These type of agents can only quote rates from one company and some examples include Allstate and State Farm. These agents are unable to give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. These agents are trained well on what they offer which aids in selling service over price. Consumers frequently choose to use a exclusive agent mostly because of the prominent brand name rather than low rates.
The following is a short list of exclusive insurance agents in Durham that are able to give rate quotes.
- Shawn Cockerham – State Farm Insurance Agent
5518 NC-55 – Durham, NC 27713 – (919) 316-3276 – View Map - Allstate Insurance Agent: Tae Kim
4837 Hwy Nc 55 10B – Durham, NC 27713 – (919) 560-9000 – View Map - Allstate Insurance Agent: Ella Latreille
2005 N Pointe Dr Ste 3 – Durham, NC 27705 – (919) 479-2077 – View Map
Independent Agents
Independent insurance agents are appointed with more than one company and that gives them the ability to insure with any number of different companies depending on which coverage is best. To move your coverage to a new company, the business is moved internally and you don’t have to switch agencies. If you are trying to find cheaper rates, we recommend you get rate quotes from at least one independent agent to maximize your price options. Most also have access to less well-known companies that may provide cheaper insurance rates.
Listed below is a short list of independent agencies in Durham that are able to give comparison quotes.
- George Stevens Insurance Inc
1320 Hill St – Durham, NC 27707 – (919) 403-3611 – View Map - Joshua E. Matthews Insurance Agency, Inc.
2144 Page Rd Suite 106 – Durham, NC 27703 – (919) 598-6800 – View Map - Bull City Insurance
121 Sherron Rd #302 – Durham, NC 27703 – (919) 596-0671 – View Map
Which is the best car insurance?
When choosing coverage online or from an agent, there is no best way to insure your cars. You are unique.
These are some specific questions can help discover whether you could use an agent’s help.
- When should I drop full coverage on my Lexus GS 350?
- How can I get the company to pay a claim?
- Should I put collision coverage on all my vehicles?
- Is my teenager covered with friends in the car?
- Am I covered if hit by an uninsured driver?
- Is a driver training discount available?
- Why is insurance for a teen driver so high in Durham?
- How do I insure my teen driver?
- What if I owe more than I can insure my car for?
If you don’t know the answers to these questions, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form.
Car insurance companies ranked
Picking the right company can be difficult considering how many companies are available to choose from in Durham. The information shown below could help you pick which auto insurers you want to consider when comparing rate quotes.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Smart shoppers get results
People change insurance companies for a number of reasons such as poor customer service, lack of trust in their agent, not issuing a premium refund or policy cancellation. It doesn’t matter why you want to switch switching companies is actually quite simple.
Some insurance providers do not offer rates over the internet and most of the time these small insurance companies sell through independent insurance agents. Affordable Lexus GS 350 insurance in Durham can be purchased online and with local Durham insurance agents, so you should compare both to get a complete price analysis.
As you restructure your insurance plan, do not reduce coverage to reduce premium. There have been many cases where an insured cut uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to find the BEST coverage at an affordable rate, but don’t skip important coverages to save money.
How to find discount Lexus GS 350 insurance in Durham
The recommended way to save money on Lexus GS 350 insurance is to start doing a yearly price comparison from different companies that insure vehicles in Durham. You can shop around by following these guidelines.
Step 1: Read and learn about car insurance and the measures you can control to keep rates down. Many rating criteria that cause high rates such as getting speeding tickets and an unacceptable credit rating can be rectified by making minor changes to your lifestyle.
Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like Progressive or Allstate, while independent agencies can quote rates from multiple insurance companies.
Step 3: Compare the new rate quotes to your existing policy and determine if there is any savings. If you can save some money, verify that coverage does not lapse between policies.
Step 4: Tell your current company of your decision to cancel the current policy and submit the signed application along with the required initial payment for the new coverage. Be sure to store the proof of insurance certificate in a readily accessible location in your vehicle.
One tip to remember is to compare identical deductibles and limits on each price quote and and to get quotes from as many different companies as possible. This enables an apples-to-apples comparison and a thorough price selection.
More information can be read below:
- Cellphones, Texting and Driving (iihs.org)
- Who Has Affordable Durham Car Insurance Rates for a Ford F-150? (FAQ)
- Who Has Cheap Car Insurance Quotes for Welfare Recipients in Durham? (FAQ)
- Who Has Affordable Auto Insurance Rates for Safe Drivers in Durham? (FAQ)
- Distracted Driving Statistics (Insurance Information Institute)
- Information for Teen Drivers (GEICO)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)