Save Money on Lexus GS 350 Insurance in Santa Ana

A recent survey discovered that over 70% of California drivers have remained with the same insurance company for over three years, and just under half have never even shopped around for cheap coverage. American drivers can cut their rates by nearly $859 a year just by shopping around, but they think it's difficult to compare rates online.

Truthfully, the best way to find cheaper prices for Lexus GS 350 insurance is to compare quotes annually from insurance carriers who sell insurance in Santa Ana.

• Step 1: Take a little time to learn about how your policy works and the things you can control to prevent high rates. Many factors that result in higher rates such as at-fault accidents, speeding tickets, and a low credit score can be improved by improving your driving habits or financial responsibility.
• Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or Allstate, while independent agents can quote rates from multiple companies. Find a Santa Ana insurance agent
• Step 3: Compare the new rate quotes to the price on your current policy to see if you can save by switching companies. If you can save money and make a switch, make sure coverage is continuous and does not lapse.
• Step 4: Notify your company or agent to cancel your current car insurance policy. Submit a signed application and payment for your new coverage. Immediately upon receiving it, put the certificate of insurance in your glove compartment.

One bit of advice is to use similar limits and deductibles on every quote request and and to get quotes from every company you can. This provides a fair price comparison and a complete price analysis.

Many insurance companies allow consumers to get pricing from their websites. This process is quite easy as all you need to do is type in the coverage amounts you desire as detailed in the form. After the form is submitted, their quoting system gets reports for credit and driving violations and generates pricing information. Getting online price quotes for Lexus GS 350 insurance in Santa Ana streamlines rate comparisons, and it's very important to compare as many rates as possible if you want to find the best rate possible.

To find out if lower rates are available, visit the companies below or click here to submit a quote request to multiple companies at once. If you have a policy now, it's recommended you complete the form with coverages and limits just like they are on your policy. This way, you're receiving an apples-to-apples comparison for the exact same coverage.

The following companies provide price comparisons in Santa Ana, CA. If the list has multiple companies, it's highly recommended you click on several of them to find the cheapest auto insurance rates.

Rates and detailed analysis

The coverage table shown next covers estimates of coverage costs for Lexus GS 350 models. Understanding more about how policy rates are figured can be valuable when making smart buying decisions.

Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in specific zip code location which can modify prices considerably.

Analysis of deductible levels

One common question asked by Santa Ana drivers is which deductibles should you choose. The comparison tables below may help you to understand the premium difference when you choose different policy deductibles. The first table uses a $100 physical damage coverage deductible and the second price table uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rate information does not factor in specific zip code location which can change coverage prices significantly.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $59 more each month or $708 each year than buying the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you go at least 15 months between claims, you would more than likely save some money if you opt for a higher deductible.

The illustration below highlights how deductible choice and can change Lexus GS 350 yearly insurance costs for different age groups. The information is based on a married male driver, full coverage, and no discounts are applied.

Accidents and violations increase rates

The information below shows how traffic citations and at-fault fender-benders can drive up Lexus GS 350 auto insurance costs for different age categories. The information is based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.

Difference between full coverage and liability only rates

The information below illustrates the difference between Lexus GS 350 insurance costs with full coverage and liability only. The prices are based on a clean driving record, no claims, $500 deductibles, single marital status, and no additional discounts are factored in.

When to buy liability coverage only

There is no exact rule of when to eliminate full coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you might consider buying liability only.

For example, let's assume your Lexus GS 350 settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after paying your deductible. If you are paying over $500 a year for physical damage coverage, then you might consider buying liability only.

There are some cases where eliminating full coverage is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.

Why you need insurance for your vehicle

Even though Santa Ana GS 350 insurance rates can get expensive, car insurance is a good idea for several reasons.

• Most states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability coverage in order to drive the car legally. In California 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 took out a loan on your Lexus, most banks will make it a condition of the loan that you carry insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender will be forced to insure your Lexus for a lot more money and make you pay the higher premium.
• Insurance safeguards both your Lexus and your assets. It will also reimburse you for most medical and hospital costs for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay attorney fees if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, your car insurance policy will cover the damage repairs after a deductible is paid.

The benefits of having car insurance more than offset the price you pay, especially for larger claims. But the average American driver is overpaying more than $810 a year so compare rates at least once a year to make sure the price is not too high.

Five Things That Impact Your Insurance Prices

Smart consumers have a good feel for the factors that go into determining the price you pay for car insurance. When you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in much lower annual insurance costs. Many different elements are considered when you get a price on insurance. Some are pretty understandable like an MVR report, although others are less apparent like your continuous coverage or your vehicle rating.

Your spouse saves you money - Your spouse helps lower the price when shopping for car insurance. Having a significant other means you're more stable financially and it's proven that drivers who are married are more cautious.

Cheaper rates with safer cars - Vehicles that have high safety ratings can get you lower premiums. Safe vehicles have better occupant injury protection and better occupant protection means less claims paid and more competitive rates for policyholders.

Male prices may be higher - Over the last 50 years, statistics have shown that women are safer drivers than men. However, don't assume that females are better at driving than males. Females and males cause at-fault accidents in similar numbers, but men get into accidents with more damage. They also get more serious tickets like reckless driving and DUI. Teenage male drivers generally have the highest accident percentage and therefore have the most expensive car insurance rates.

The illustration below illustrates the comparison of Lexus GS 350 insurance costs for male and female drivers. The premiums assume a clean driving record, no claims, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Car insurance liability limits - Your car insurance policy's liability coverage is the coverage that protects you when you are found liable for damages caused by your negligence. It provides legal defense to defend your case. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.

Avoid unnecessary add-on coverages - There are many extra coverages that may not really be needed if you aren't diligent. Things like rental car reimbursement, better glass coverage, and extra equipment coverage may not be needed and are just wasting money. These coverages may sound good at first, but your needs may have changed so think about removing them and cutting costs.

Claims statistics for a Lexus GS 350 - Car insurance companies study historical loss data to calculate a rate that will offset any claims. Models that tend to have higher loss trends will have increased rates.

The table below illustrates the insurance loss data for Lexus GS 350 vehicles. For each insurance policy coverage type, the claim amount for all vehicles averaged together is equal to 100. Values below 100 indicate better than average losses, while numbers above 100 indicate more frequent claims or an increased chance of larger losses than average.

When do I need an agent's advice?

Always remember that when buying a policy, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help highlight if your situation would benefit from professional advice.

• Does my policy pay for OEM or aftermarket parts?
• Is my teen driver covered when they drive my company car?
• Does my Lexus GS 350 need full coverage?
• What does PIP insurance cover?
• Is my nanny covered when transporting my kids?
• What if a claim settlement is too low?

If it's difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Ratings for California auto insurance companies

Ending up with the right company can be difficult considering how many companies provide coverage in California. The company ratings in the next section can help you choose which car insurance companies you want to consider comparing rates with.

Top 10 Santa Ana Car Insurance Companies Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. AAA of Southern California
5. Titan Insurance
6. The General
7. AAA Insurance
8. State Farm
9. Mercury Insurance
10. Nationwide

Top 10 Santa Ana Car Insurance Companies Ranked by Customer Service

1. AAA of Southern California
2. GEICO
3. State Farm
4. The Hartford
5. Mercury Insurance
6. The General
7. Progressive
8. Allstate
9. AAA Insurance
10. American Family

More effort can pay off

Cheap Lexus GS 350 insurance in Santa Ana can be purchased on the web in addition to many Santa Ana insurance agents, so you need to quote Santa Ana auto insurance with both in order to have the best price selection to choose from. Some insurance companies do not offer rate quotes online and most of the time these regional insurance providers only sell through independent agents.

Drivers leave their current company for a variety of reasons including denial of a claim, not issuing a premium refund, high rates after DUI convictions or being labeled a high risk driver. Regardless of your reason for switching companies, finding the right insurance provider is easier than you think.

You just read a lot of information how to compare Lexus GS 350 insurance rates in Santa Ana. The most important thing to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the best rates are with a small mutual company.

For more information, link through to these articles:

• Older Driver Statistics (Insurance Information Institute)
• What Insurance is Cheapest for Drivers with Good Credit in Santa Ana? (FAQ)
• Bodily Injury Coverage (Liberty Mutual)
• What are my Rights when Filing a Claim? (Insurance Information Institute)
• Distracted Driving Statistics (Insurance Information Institute)