Cheapest 2006 Lexus GS 300 Insurance Rates in 2023

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Aug 23, 2022

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Did you fall for a flashy sales pitch and buy an underperforming, overpriced insurance policy? Believe me when I say you’re not alone. Many auto insurance companies compete for your insurance dollar, and because of this it can be hard to compare insurers and get the definite lowest cost out there.

Smart consumers take time to shop coverage around periodically because insurance rates change frequently. Even if you think you had the best price for GS 300 coverage two years ago a different company probably has better rates today. So block out anything you think you know about insurance because you’re going to learn the right way to save on insurance.

Lexus GS 300 insurance rates are influenced by…

Smart consumers have a good feel for the different types of things that go into determining the rates you pay for car insurance. When you know what positively or negatively determines base rates empowers consumers to make smart changes that may reward you with big savings.

Listed below are some of the items used by your company to calculate rates.

  • Your credit rating is important – Credit score is a large factor in calculating your car insurance rates. If your credit rating is lower than you’d like, you could pay less to insure your 2006 Lexus GS 300 by repairing your credit. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with poor credit.
  • Don’t buy coverages you don’t need – There are many add-on coverages that can waste your money if you aren’t careful. Things like personal injury protection, accident forgiveness and term life insurance may be costing you every month. They may seem good when talking to your agent, but if they’re wasting money remove them from your policy.
  • Lower miles equals lower premium – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. Most insurance companies price each vehicle’s coverage based on how the vehicle is used. Cars and trucks that are left in the garage can get a lower rate compared to those used for work or business. Verify your car insurance declarations sheet is showing the correct usage for each vehicle, because it can save money. Incorrect usage on your GS 300 may be costing you.
  • Marriage brings a discount – Having a wife or husband actually saves money on car insurance. Having a significant other means you’re more mature than a single person and it’s proven that being married results in fewer claims.

How to Compare Auto Insurance

Most major insurance companies like State Farm, Allstate and GEICO quote coverage price quotes online. Getting quotes doesn’t take a lot of time as you simply type in your personal and coverage information into a form. When the form is submitted, the system collects credit information and your driving record and returns pricing information based on these and other factors. This streamlines rate comparisons, but the time it takes to visit each company’s website and repetitively fill out multiple forms gets old quite quickly. Unfortunately, it is important to get many rate quotes in order to get a lower rate.

The quickest way to find cheaper rates is to use a quote form that obtains quotes from a bunch of companies at once. The form is fast, eliminates repetitive work, and makes quoting online a lot less work. Once the form is submitted, your coverage is rated and you can select any or none of the resulting price quotes. If a lower price is quoted, it’s easy to complete the application and buy the new coverage. It takes less than 15 minutes and could lower your rates considerably.

In order to get comparison pricing now, click here to open in a new tab and enter your vehicle and coverage information. If you have your current policy handy, we recommend you copy your coverages identical to your current policy. This helps ensure you will get a fair comparison based on similar coverages.

Save $382 a year? Really?

Drivers constantly see and hear ads that promise big savings by companies like State Farm, Allstate and GEICO. All the companies have a common claim that you can save if you switch to them.

How do they all say the same thing? It’s all in the numbers.

Different companies have a preferred profile for the driver that earns them a profit. An example of a desirable insured might be a mature driver, has no tickets, and has a high credit rating. A customer getting a price quote that hits that “sweet spot” gets the lowest rates and most likely will save quite a bit of money when switching.

Consumers who don’t measure up to this ideal profile will have to pay higher prices and ends up with the customer not buying. The ads say “people who switch” but not “drivers who get quotes” save that much money. That is how insurance companies can confidently make the claims of big savings. Because of the profiling, drivers must get as many comparisons as possible. It’s not possible to predict which insurance coverage company will fit your personal profile best.

Are you getting all your discounts?

Companies offering auto insurance don’t always advertise every discount very well, so we break down some of the more common and the more hidden ways to save on auto insurance. If you don’t get every credit available, you are paying more than you should be.

  • Multiple Vehicles – Insuring multiple vehicles with the same company could earn a price break for each car.
  • Anti-theft System – Anti-theft and alarm systems help deter theft and qualify for as much as a 10% discount.
  • Federal Government Employee – Simply working for the federal government can earn a discount up to 10% for GS 300 coverage with a few auto insurance companies.
  • Payment Discounts – If paying your policy premium upfront instead of making monthly payments you could save 5% or more.
  • 55 and Retired – Mature drivers may qualify for a discount up to 10% for GS 300 coverage.
  • No Charge for an Accident – Some insurance companies allow you one accident before your rates go up if you are claim-free for a particular time prior to the accident.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • Service Members Pay Less – Being deployed with a military unit can result in better rates.

Drivers should understand that some credits don’t apply to the entire cost. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, you’re out of luck.

Insurance companies who might offer some of the above discounts may include but are not limited to:

Check with every prospective company how you can save money. Savings may not be available in your area.

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When might I need an agent?

When it comes to buying the right insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions can help discover whether you could use an agent’s help.

  • Is my nanny covered when driving my vehicle?
  • Where can I find DUI or SR-22 insurance?
  • Which is better, split liability limits or combined limits?
  • What if I owe more than I can insure my car for?
  • Do I really need UM/UIM coverage?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I have coverage for damage caused while driving under the influence?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It’s fast, free and you can get the answers you need.

Insurance coverage specifics

Understanding the coverages of insurance helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement. Shown next are the normal coverages found on the average insurance policy.

Medical expense insurance

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like ambulance fees, hospital visits, doctor visits and chiropractic care. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, vandalism, a broken windshield and fire damage. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.


Liability coverage can cover damage or injury you incur to other’s property or people in an accident. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like legal defense fees, attorney fees and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Coverage for collisions

This coverage will pay to fix damage to your GS 300 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like colliding with another moving vehicle, hitting a mailbox, driving through your garage door and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Lexus GS 300.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Knowledge is power

Low-cost 2006 Lexus GS 300 insurance is available from both online companies in addition to many insurance agents, so compare prices from both to have the best chance of lowering rates. There are still a few companies who do not provide online price quotes and many times these small, regional companies only sell through independent insurance agents.

As you shop your coverage around, never reduce needed coverages to save money. Too many times, consumers will sacrifice liability coverage limits to discover at claim time that it was a big error on their part. The proper strategy is to get the best coverage possible at a price you can afford, not the least amount of coverage.

Additional detailed information can be found by following these links:

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