Are you doing reasearch to find low-cost Lexus GS 350 insurance in San Antonio? Finding low-cost insurance for a new or used Lexus GS 350 in Texas could be an all-consuming task, but you can learn our car insurance buying tips to make it easier.
There are more efficient ways to buy car insurance and we’ll show you the best way to compare rates for your Lexus and locate the cheapest rates from both online companies and San Antonio agents.
Everyone knows that car insurance companies don’t want customers comparing rates. Drivers who compare rates annually are likely to move their business because they stand a good chance of finding a cheaper policy. Remarkably, a study showed that consumers who did price comparisons regularly saved as much as $72 a month compared to people who never shopped around for better prices.
If finding the most affordable Lexus GS 350 insurance is your objective, then understanding how to get rate quotes and compare coverages can make it easier to find better rates.
It’s a great practice to quote other rates on a regular basis due to the fact that insurance prices are usually higher with each renewal. Despite the fact that you may have had the lowest rates on Lexus GS 350 insurance in San Antonio a few years ago a different company probably has better premium rates today. There is a lot of wrong information about GS 350 insurance on the internet, but you can learn the best ways to put money back in your pocket.
The providers in the list below are ready to provide comparison quotes in San Antonio, TX. If multiple providers are shown, we recommend you visit several of them to get a more complete price comparison.
Lexus GS 350 insurance statistics and information
The rate information shown next showcases a range of coverage costs for Lexus GS 350 models. Being able to understand how car insurance prices are calculated is important for you to make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 350 | $196 | $414 | $366 | $22 | $110 | $1,108 | $92 |
| GS 350 AWD | $216 | $470 | $366 | $22 | $110 | $1,184 | $99 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can increase or decrease insurance rates greatly.
Higher deductibles save money
A question often asked by San Antonio drivers is how high or low should comp and collision deductibles be. The data tables below determine the price difference between low and high policy deductibles. The first table uses a $250 deductible for comp and collision and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 350 | $370 | $672 | $324 | $20 | $96 | $1,507 | $126 |
| GS 350 AWD | $408 | $762 | $324 | $20 | $96 | $1,635 | $136 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 350 | $300 | $542 | $324 | $20 | $96 | $1,282 | $107 |
| GS 350 AWD | $332 | $614 | $324 | $20 | $96 | $1,386 | $116 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Information does not factor in San Antonio location which can change coverage rates substantially.
Based on these figures, using a $250 deductible will cost you approximately $19 more each month or $228 each year across all Lexus GS 350 models than selecting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you usually have at least 13 months between claim filings, you would probably come out ahead by selecting a higher deductible.
How to calculate if a higher deductible is a good decision
| Average monthly premium for $250 deductibles: | $131 |
| Average monthly premium for $500 deductibles (subtract): | – $112 |
| Monthly savings from raising deductible: | $19 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $19 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 13 months |
One big caveat is that raising deductibles to save money means you pay more out-of-pocket if you have a claim. That will require some funds available in the event you need to pay the deductible.
Full coverage rates vs. liability-only
The chart below shows the difference between Lexus GS 350 auto insurance costs with liability coverage only compared to full coverage. The price estimates are based on no claims or violations, $100 deductibles, drivers are single, and no policy discounts are applied.
When to eliminate full coverage
There is no set guideline to stop buying full coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Lexus GS 350 settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying the physical damage deductible. If premiums are more than $400 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are a few cases where dropping physical damage coverage is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not remove full coverage.
Compare rate quotes but buy from a local San Antonio insurance agency
Many people would prefer to get advice from a local agent. Professional insurance agents can point out coverage gaps and help you file claims. An additional benefit of price shopping on the web is you can get lower prices but also keep your business local. And supporting small agencies is definitely important in San Antonio.
To make it easy to find an agent, after completing this form (opens in new window), your insurance data is transmitted to local insurance agents who will return price quotes for your coverage. It makes it easy because there is no need to search for any insurance agencies because prices are sent to your email. If you have a need to compare prices from a specific insurance company, you can always find their quoting web page and fill out the quote form the provide.
Two types of car insurance agents
If you want to buy auto insurance from a reliable insurance agency, there are two different agency structures and how they can quote your rates. San Antonio agents can either be independent or exclusive depending on the company they work for. Either can sell auto insurance policies, but it’s worth mentioning the difference in the companies they write for since it may influence which agent you choose.
Independent Auto Insurance Agents (or Brokers)
These type of agents are appointed with more than one company so they can write business through lots of different companies depending on which coverage is best. If you want to switch companies, they simply switch companies in-house and you can keep the same agent. When comparison shopping, we highly recommend that you get several quotes from independent agents to get the most accurate price comparison. Many write coverage with smaller mutual companies which can be an advantage.
Shown below is a short list of independent insurance agents in San Antonio that can possibly get you comparison quotes.
- San Antonio Insurance Agency
1100 NE Interstate 410 Loop – San Antonio, TX 78209 – (210) 822-2590 – View Map - IBC Insurance Agency Ltd
5300 Walzem Rd – San Antonio, TX 78218 – (210) 646-9870 – View Map - Garcia Insurance Agency
1255 SW Military Dr – San Antonio, TX 78221 – (210) 593-8935 – View Map
Exclusive Auto Insurance Agencies
Agents in the exclusive channel write business for a single company such as State Farm or Allstate. They are unable to place coverage with different providers so it’s a take it or leave it situation. Exclusive agents are well schooled on what they offer which helps overcome the inability to quote other rates. Some consumers prefer to buy from the same agent for years mainly due to the prominent brand name and strong financial ratings.
The following is a short list of exclusive agents in San Antonio who can help you get price quote information.
- Lisa Ybarbo – State Farm Insurance Agent
803 Castroville Rd #128 – San Antonio, TX 78237 – (210) 434-2711 – View Map - Betsy Dippo – State Farm Insurance Agent
19190 Stone Oak Pkwy #112 – San Antonio, TX 78258 – (210) 496-3276 – View Map - B J Kohutek Jr – State Farm Insurance Agent
7863 Callaghan Rd #105 – San Antonio, TX 78229 – (210) 616-0662 – View Map
Picking the best insurance agent should depend on more than just the price. These are some valid questions you should ask.
- Do they reduce claim amounts on high mileage vehicles?
- Does the company have a local claim office in San Antonio?
- What discounts might you be missing?
- Which members of your family are coverage by the policy?
- Do they write coverage based solely on cost?
- Are they properly licensed to sell insurance in Texas?
- What kind of financial rating does the company have?
- What company holds the largest book of business for them?