Find Affordable Lexus GS 350 Insurance in Anchorage

Everyone knows that insurance companies don’t want you comparing rates. Insureds who shop around for the cheapest rate are inclined to switch companies because the odds are good of finding more affordable rates. A recent study showed that drivers who routinely compared quotes saved approximately $3,400 over four years compared to drivers who never shopped around for lower prices.

If finding discount rates on car insurance is the reason you’re reading this, learning the best way to shop and compare auto insurance can make it easier for you to save money.

The most effective way to get cheaper Lexus GS 350 insurance is to make a habit of comparing prices annually from providers who provide car insurance in Anchorage.

1. Take a little time to learn about how insurance works and the measures you can control to prevent high rates. Many rating criteria that increase rates like at-fault accidents, careless driving, and an imperfect credit score can be amended by making small lifestyle or driving habit changes. This article provides ideas to prevent high rates and earn a bigger discount.
2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO and Allstate, while independent agencies can provide prices from multiple sources.
3. Compare the new rate quotes to the premium of your current policy and determine if cheaper GS 350 coverage is available in Anchorage. If you can save some money, make sure there is no lapse in coverage.

The critical component of shopping around is that you’ll want to compare identical limits and deductibles on each quote and and to compare as many companies as possible. Doing this guarantees the most accurate price comparison and a complete rate analysis.

Locating the best rates in Anchorage is not rocket science. If you are insured now or want to find a cheaper company, use these money-saving tips to reduce premiums and possibly find even better coverage. Shoppers just need to learn the most efficient way to get comparison quotes on the web.

Many insurance companies like State Farm and Allstate provide insurance quotes on their websites. Obtaining pricing for Lexus GS 350 insurance in Anchorage is very simple as you simply enter your required coverages as detailed in the form. Upon sending the form, their quoting system will order your driving and credit reports and provides a quote determined by many factors.

Getting online price quotes for Lexus GS 350 insurance in Anchorage simplifies rate comparisons, and it’s absolutely necessary to have as many quotes as possible in order to find a better rate.

To save time and compare rates now, compare quotes from the companies shown below. If you currently have coverage, we recommend you input the coverages exactly as they are listed on your policy. Doing this guarantees you are getting rate quotes for similar coverage.

The companies shown below can provide comparison quotes in Anchorage, AK. If multiple companies are listed, we suggest you visit as many as you can to get a more complete price comparison.

Lexus GS 350 insurance coverage information

The information displayed next showcases detailed analysis of coverage costs for Lexus GS 350 models. Knowing how policy rates are calculated is important to be able to make smart choices when comparing insurance rates.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in garaging location in Anchorage which can affect premium rates greatly.

Where to set your deductibles

One of the more difficult decisions when buying insurance is which deductibles should you choose. The following insurance rates outline the rate difference when you buy lower versus higher insurance deductibles. The first rate estimation uses a $100 deductible and the second set of prices uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Table data does not factor in vehicle location which can raise or lower premium rates substantially.

Using the data above, we can ascertain that using a $100 deductible costs an average of $37 more each month or $444 each year averaged for all GS 350 models than opting for the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 24 months between claim filings, you would save more money by selecting a higher deductible. Below is the way this calculation is made.

One big caveat is that a higher deductible level results in having to pay to pay more out-of-pocket when you have a physical damage claim. You will want to have some extra funds in the event you need to pay more for the deductible.

The information below highlights how deductible selection and can raise or lower Lexus GS 350 premium costs for different age groups of insureds. The price estimates are based on a single female driver, full coverage, and no additional discounts are factored in.

Price comparison of only insuring for liability

The example below shows the difference between Lexus GS 350 auto insurance rates with and without physical damage coverage. The costs are based on no claims or driving citations, $250 deductibles, drivers are single, and no discounts are applied to the premium.

When to drop comprehensive and collision

There is no definitive guideline to exclude physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s assume your Lexus GS 350 claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $6,000 after you pay the deductible. If you are currently paying more than $600 a year for comprehensive and collision coverage, then it might be time to buy liability only.

There are some situations where only buying liability is not financially feasible. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Discount Anchorage car insurance rates

Car insurance is not inexpensive, but discounts can save money and there are some available that many people don’t even know exist. Many discounts should be triggered at quote time, but some may not be applied and must be inquired about prior to receiving the credit.

• Good Student – Performing well in school can earn a discount of 20% or more. Most companies allow this discount well after school through age 25.
• Life Insurance – Select companies reward you with a discount if you purchase life insurance.
• Safety Restraint Discount – Requiring all passengers to buckle up before driving can save 10% or more on the medical payments or PIP coverage costs.
• One Accident Forgiven – Not a discount per se, but a handful of insurance companies allow you one accident without raising rates if you have no claims before the accident.
• Sign Early and Save – Some insurance companies reward drivers for switching companies prior to the expiration date on your current GS 350 insurance policy. You may see this discount when you get Anchorage car insurance quotes online.
• Onboard Data Collection – Anchorage drivers who agree to allow their insurance company to track vehicle usage by using a telematic data system such as Progressive’s Snapshot could save a few bucks if they show good driving skills.
• Senior Discount – Drivers that qualify as senior citizens may receive lower premium rates.
• Early Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you can actually save on your bill.
• Employee of Federal Government – Active or former government employment may reduce rates when you quote Anchorage car insurance with select insurance companies.

A little disclaimer on discounts, most credits do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears you can get free auto insurance, you aren’t that lucky.

The illustration below illustrates the comparison of Lexus GS 350 auto insurance costs with and without discounts applied to the policy premium. The data is based on a female driver, no accidents, no driving violations, Alaska state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, multi-policy, claim-free, and safe-driver discounts applied.

Companies and some of their more popular discounts are outlined below.

• State Farm has savings for good driver, Steer Clear safe driver discount, Drive Safe & Save, driver’s education, multiple autos, safe vehicle, and defensive driving training.
• Farmers Insurance may include discounts for early shopping, teen driver, multi-car, good student, youthful driver, homeowner, and switch companies.
• Progressive may have discounts that include multi-vehicle, online quote discount, multi-policy, continuous coverage, good student, and online signing.
• GEICO discounts include federal employee, military active duty, seat belt use, membership and employees, driver training, and anti-theft.
• Auto-Owners Insurance policyholders can earn discounts including student away at school, safe vehicle, multiple vehicles, air bags, paperless, teen driver, and paid in full.
• The Hartford offers discounts for good student, anti-theft, bundle, vehicle fuel type, defensive driver, air bag, and driver training.
• Farm Bureau offers premium reductions for good student, safe driver, youthful driver, multi-vehicle, multi-policy, and driver training.
• USAA has discounts for good student, multi-vehicle, loyalty savings, annual mileage, driver training, and military installation.

If you need lower rates, check with each company or agent which discounts you qualify for. Depending on the company, some discounts might not be offered in every state. To choose insurance companies with significant discounts in Anchorage, follow this link.

Car insurance does more than just protect your car

Despite the potentially high cost of Lexus GS 350 insurance, insuring your vehicle may be mandatory for several reasons.

• Most states have compulsory liability insurance requirements which means the state requires a minimum amount of liability coverage in order to drive the car legally. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your vehicle, it’s guaranteed your bank will require you to have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender may have to buy a policy to insure your Lexus at a much higher premium rate and require you to fork over much more than you were paying before.
• Insurance safeguards both your assets and your vehicle. It will also provide coverage for many types of medical costs for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.

The benefits of carrying enough insurance are definitely more than the cost, especially for larger claims. In a recent study of 1,000 drivers, the average customer overpays as much as $855 a year so shop around at least once a year to be sure current rates are still competitive.

Shop online but buy locally

Certain consumers would prefer to sit down with an agent and there is nothing wrong with that. Most agents are trained risk managers and help in the event of a claim. One of the benefits of getting online price quotes is the fact that drivers can get lower rates but still work with a licensed agent.

To make it easy to find an agent, after completing this simple form, your information is submitted to companies in Anchorage who will give you bids for your auto insurance coverage. You won’t even need to do any legwork because quoted prices will be sent to your email. If you wish to get a comparison quote from a specific insurance company, just go to their quote page and complete a quote there.

Choosing an company should include more criteria than just the bottom line cost. The questions below may impact your decision as well.

• Who are their largest clients?
• Does the agent help file claims?
• Do they have a Better Business Bureau rating in Anchorage?
• Can they give you a list of client referrals?
• Can you choose the body shop in case repairs are needed?
• How long has their agency been open in Anchorage?
• Which insurance company do they prefer to write with?
• Where are claims handled?

Choose the right car insurance agent

When finding a local Anchorage insurance agent, it helps to know the two different types of agents from which to choose. Insurance agencies in Anchorage can be categorized as either exclusive agents or independent agents. Either type can do a good job, but it’s worth learning how they are different because it may have an impact on the kind of agent you use.

Exclusive Insurance Agencies

Agents of this type can only provide one company’s prices like Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents are unable to place coverage with different providers so you might not find the best rates. These agents are very knowledgeable on the products they sell which aids in selling service over price. Some consumers prefer to buy from the same agent for years mainly due to loyalty to the company and strong financial ratings.

Listed below are Anchorage exclusive insurance agents willing to provide price quotes.

• Allstate Insurance: Kay Rodriguez
  5001 Arctic Blvd Ste 201 – Anchorage, AK 99503 – (907) 562-0003 – View Map
• Stacey Allen – State Farm Insurance Agent
  2203 W Dimond Blvd #100B – Anchorage, AK 99515 – (907) 277-2233 – View Map
• Art Dorsey – State Farm Insurance Agent
  9191 Old Seward Hwy #6 – Anchorage, AK 99515 – (907) 522-1231 – View Map

More Anchorage agents

Independent Agents (or Brokers)

These type of agents do not sell for just one brand and that allows them to write policies through lots of different companies and possibly get better coverage at lower prices. If your premiums go up, they simply move the coverage in-house which requires no work on your part. When comparing auto insurance prices, you will definitely want to get quotes from several independent insurance agents to ensure the widest selection of prices. Many independent agencies also insure through companies you’ve never heard of who may have lower rates.

Shown below is a list of independent insurance agents in Anchorage that are able to give price quote information.

• Umialik Insurance Company
  3301 C St #300 – Anchorage, AK 99503 – (907) 338-5445 – View Map
• J C Morris Insurance Services
  4011 Arctic Blvd #105 – Anchorage, AK 99503 – (907) 272-2524 – View Map
• Kevin Dykman Agency
  4450 Cordova St #120 – Anchorage, AK 99503 – (907) 563-5300 – View Map

More Anchorage agents