How to Save on Portland Lexus GS 350 Insurance

Unbelievably, most car insurance policyholders in Oregon have been with the same company for four years or more, and just short of a majority have never shopped around. American insurance shoppers could save almost $859 a year just by getting comparison quotes, but most just don’t grasp the amount of money they would save if they bought a different policy.

It takes a few minutes, but the best way to find discount Lexus GS 350 insurance in Portland is to make a habit of regularly comparing prices from insurers in Oregon.

• Step 1: Get an understanding of how companies price auto insurance and the steps you can take to keep rates low. Many things that are responsible for high rates such as traffic citations and poor credit history can be rectified by making lifestyle changes or driving safer.
• Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from a single company like Progressive or State Farm, while agents who are independent can quote prices from multiple insurance companies.
• Step 3: Compare the new rate quotes to the price on your current policy and determine if cheaper GS 350 coverage is available in Portland. If you find a lower rate quote and change companies, make sure there is no lapse in coverage.
• Step 4: Give notification to your agent or company to cancel your current policy and submit payment and a completed application to your new carrier. As soon as coverage is bound, store the proof of insurance certificate somewhere easily accessible.

One important bit of advice is to compare identical limits and deductibles on each quote request and and to get rates from as many companies as you can. This provides a fair price comparison and a better comparison of the market.

Locating the best rates in Portland can initially seem challenging. If you are paying for car insurance now, you should be able to get lower rates using the techniques covered below. Drivers just have to know how to compare price quotes online.

Compare Lexus GS 350 insurance rates

Most major insurance companies make it easy to get price estimates directly from their websites. This process is quite simple as all you need to do is type in your personal and coverage information into the form. Behind the scenes, the company’s rating system orders your driving record and credit report and provides a quote.

Quoting online for Lexus GS 350 insurance in Portland makes it easy to compare insurance prices and it’s necessary to perform this step in order to get the cheapest price on car insurance.

To save time and find out if lower rates are available, compare rates now from the companies shown below. If you currently have coverage, we recommend you type in coverages and limits just like they are on your policy. Doing this guarantees you will have a price comparison based on similar coverages.

The companies in the list below have been selected to offer price comparisons in Oregon. If your goal is to find the best car insurance in Portland, it’s highly recommended you visit two to three different companies to get a more complete price comparison.

Get cheaper Lexus GS 350 insurance in Portland with discounts

Insuring your vehicles can cost a lot, but there could be significant discounts that many consumers don’t even know exist. Some trigger automatically when you purchase, but a few need to be asked about before they will apply.

• Good Students Pay Less – A discount for being a good student may save you up to 25%. You can use this discount normally until age 25.
• Military Discounts – Having an actively deployed family member could be rewarded with lower rates.
• Responsible Driver Discount – Accident-free drivers can save as much as half off their rates than less cautious drivers.
• Home Ownership Discount – Just being a homeowner can earn you a little savings due to the fact that maintaining a home is proof of financial responsibility.
• Senior Discount – If you’re over the age of 55, you are able to get better car insurance rates.
• Passive Restraints and Air Bags – Factory air bags or automatic seat belts can receive discounts of 25 to 30%.
• Braking Control Discount – Vehicles with anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
• Multi-policy Discount – If you have multiple policies with one insurance company you could earn a discount of approximately 10% to 15%.
• No Claims – Drivers who don’t have accidents can earn big discounts in comparison to drivers who are more careless.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So when the math indicates you can get free auto insurance, you aren’t that lucky. Any amount of discount should help reduce the amount you pay for coverage.

The chart below visualizes the comparison of Lexus GS 350 insurance costs with and without discounts applied to the policy rates. The rates are based on a male driver, no claims or violations, Oregon state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, multi-policy, marriage, and claim-free discounts applied.

If you would like to see a list of insurers who offer discounts in Oregon, click here to view.

Rates and data analysis

The price information below covers a range of insurance costs for Lexus GS 350 models. Having knowledge of how car insurance prices are established can benefit drivers when making smart buying decisions.

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Prices do not factor in specific location information which can change rates considerably.

Should you raise deductibles?

When comparing insurance rates, the most common question is at what level do you set your deductibles. The following insurance rates can help show the rate differences between low and high comp and collision deductibles. The first set of rates uses a $250 deductible and the second pricing table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Prices do not factor in garaging location in Portland which can lower or raise coverage prices greatly.

Based on the figures above, using a $250 deductible costs roughly $31 more each month or $372 every year across all Lexus GS 350 models than choosing the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 24 months between claim filings, you would more than likely save some money if you opt for a higher deductible.

The example below highlights how deductible selection and can raise or lower Lexus GS 350 insurance costs for different age groups of insureds. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

Accidents and violations increase rates

The example below demonstrates how speeding tickets and accidents can affect Lexus GS 350 annual premium costs for different age groups of insureds. The rate quotes are based on a single male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.

Difference between liability only and full coverage rates

The chart below compares Lexus GS 350 auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Oregon. Data assumes no claims, a clean driving record, $250 deductibles, single status, and no discounts are applied to the premium.

When to eliminate full coverage

There isn’t a written rule to stop paying for full coverage, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Lexus GS 350 claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after you pay the deductible. If premiums are more than $700 a year for full coverage, then you might consider buying liability only.

There are some scenarios where dropping full coverage is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Car insurance quotes from local Portland insurance agents

A small number of people prefer to buy from a licensed agent and that is just fine! Licensed agents are very good at helping people manage risk and will help you if you have claims. A nice benefit of comparing rate quotes online is you may find the best rates and still choose a local agent.

To help locate an agent, after submitting this form (opens in new window), your insurance coverage information is immediately sent to local insurance agents in Portland that can give you free Portland car insurance quotes for your coverage. You never need to contact any agents because prices are sent to the email address you provide. In the event you want to get a comparison quote for a specific company, don’t hesitate to go to their quote page and give them your coverage information.

Finding a good company needs to be determined by more than just the quoted price. Some important questions to ask are:

• How long has the business existed?
• Are they giving you every discount you deserve?
• Do they specialize in personal lines auto insurance in Portland?
• Are they able to influence company decisions when a claim is filed?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• Is working in the agency their full-time job?

Different types of Portland auto insurance agents

If you prefer to buy car insurance from a reliable agent, there are a couple of different agency structures and how they are distinctly different. Insurance agencies in Portland are classified as either exclusive agents or independent agents. Both can sell car insurance policies, but it’s worth learning why they differ because it can factor into which type of agent you select.

Exclusive Car Insurance Agents

Agents that choose to be exclusive normally can only provide a single company’s rates such as State Farm, Allstate and AAA. They generally cannot provide rate quotes from other companies so it’s a take it or leave it situation. They are usually quite knowledgeable on their company’s products and that enables them to sell even at higher rates. Some people will only purchase coverage from exclusives primarily because of loyalty to the company rather than having low rates.

Below are Portland exclusive insurance agents willing to provide price quotes.

• Gustavo Soares – State Farm Insurance Agent
  650 NE Holladay St Ste 1600 – Portland, OR 97232 – (503) 287-0027 – View Map
• Mark Nguyen – State Farm Insurance Agent
  14146 SE Stark St – Portland, OR 97233 – (503) 253-2110 – View Map
• Allstate Insurance: Peggy Romero
  7825 SE Foster Rd – Portland, OR 97206 – (503) 255-7828 – View Map

More insurance agents

Independent Agents (or Brokers)

Agents of this type are not limited to a single company so as a result can place your coverage with an assortment of companies and find you the best rates. To move your coverage to a new company, the business is moved internally without you having to go to a different agency. When comparing car insurance rates, you will definitely want to get insurance quotes from at least one independent agent to ensure the widest selection of prices. Most can insure with small mutual carriers who may have lower rates.

Below are Portland independent insurance agencies that are able to give price quotes.

• Matthew K Barnett Agency
  3332 N Lombard St – Portland, OR 97217 – (503) 285-2546 – View Map
• Cundari Insurance
  8309 SW 22nd Ave – Portland, OR 97219 – (503) 292-0075 – View Map
• Hecht and Hecht Insurance Agency Inc.
  425 NE Hancock St – Portland, OR 97212 – (503) 542-1130 – View Map

More insurance agents

Informed Consumers Know How to Find Car Insurance More Affordably

A large part of saving on car insurance is knowing some of the things that come into play when calculating car insurance rates. When consumers understand what controls the rates you pay, this allows you to make good choices that could help you find cheaper rates.

• Pleasure use saves money – The higher the miles on your Lexus every year the more you will pay for car insurance. A lot of companies charge rates based upon how the vehicle is primarily used. Cars and trucks not used for work or commuting get more affordable rates than vehicles that have high annual mileage. It’s a smart idea to ensure your car insurance policy properly reflects the right rating data, because improper ratings can cost you money. Improper usage on your GS 350 may be wasting your money.

• High premiums for younger drivers – More mature drivers tend to be more responsible, file fewer claims, and are safer drivers. Teenage drivers are proven to be inattentive and easily distracted when driving with friends therefore car insurance rates are much higher.

  The next chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Costs may be higher where you live – Residing in a small town has it’s advantages if you are looking for the lowest rates. People in densely populated areas have to deal with traffic congestion and much longer commute distances. Less people living in that area translates into fewer accident claims in addition to fewer liability claims.
• Extra policy coverages that aren’t used – Policies have additional extra coverages that may not really be needed if you aren’t careful. Coverages for rental car coverage, high-cost glass coverage, and additional equipment coverage are probably not needed. They may seem good at first, but now you might not need them so think about removing them and cutting costs.

• Insurance loss data for a Lexus GS 350 – Car insurance companies analyze claim trends for every vehicle as a way to help calculate a profitable premium price. Models that are shown to have a trend towards higher claims will have increased rates.

  The table shown below demonstrates the actual insurance loss data for Lexus GS 350 vehicles. For each coverage type, the statistical loss for all vehicles, regardless of make or model, is set at 100. Percentage values below 100 mean the vehicle has better than average losses, while percentages above 100 point to more claims or tendency to have larger claims.

  
  

  Lexus GS 350 Insurance Loss Statistics

  Specific Lexus 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

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Car insurance does more than just repair your car

Even though it’s not necessarily cheap to insure a Lexus in Portland, car insurance serves an important purpose.

• The majority of states have compulsory liability insurance requirements which means the state requires specific limits of liability in order to drive the car. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If you have a loan on your Lexus, almost all lenders will have a requirement that you have full coverage to protect their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Lexus at a much higher premium rate and force you to pay the higher premium.
• Insurance protects not only your Lexus GS 350 but also your financial assets. Insurance will pay for many types of medical costs for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you have damage to your Lexus as the result of the weather or an accident, collision and comprehensive coverages will pay to have it repaired.

The benefits of carrying enough insurance are definitely more than the cost, especially when you need to use it. On average, a vehicle owner in Portland is overpaying more than $810 a year so compare rate quotes each time the policy renews to save money.

Shop around and save

People change insurance companies for a variety of reasons including denial of a claim, lack of trust in their agent, unfair underwriting practices or high rates after DUI convictions. It doesn’t matter why you want to switch choosing a new company is actually quite simple.

We just presented some good ideas how to shop for Lexus GS 350 insurance online. It’s most important to understand that the more you quote Portland car insurance, the better chance you’ll have of finding affordable Portland car insurance quotes. Drivers may even discover the lowest rates are with an unexpected company.

Cost effective Lexus GS 350 insurance is attainable on the web and also from your neighborhood Portland agents, and you need to price shop both to get a complete price analysis. A few companies may not offer the ability to get quotes online and these small, regional companies sell through local independent agents.

More detailed car insurance information can be read at these sites:

• Frontal Crash Tests (iihs.org)
• What Auto Insurance is Cheapest for a 20 Year Old Male in Portland? (FAQ)
• Who Has Affordable Portland Auto Insurance Quotes for Lyft Drivers? (FAQ)
• What Car Insurance is Cheapest for High School Students in Portland? (FAQ)
• Who Has Cheap Portland Car Insurance for 4×4 Vehicles? (FAQ)
• Who Has the Cheapest Portland Auto Insurance Rates for Electric Cars? (FAQ)
• Who Has the Cheapest Portland Car Insurance Quotes for Drivers Under 25? (FAQ)
• Who Has Cheap Portland Auto Insurance for Drivers Over Age 70? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for Low Mileage Drivers in Portland? (FAQ)
• Who Has Affordable Portland Auto Insurance Rates for Hybrid Vehicles? (FAQ)
• How to shop for a safer car (Insurance Institute for Highway Safety)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• Auto Crash Statistics (Insurance Information Institute)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)