It takes a little time, but the best way to get affordable car insurance rates in Lincoln is to compare quotes annually from insurers in Nebraska.
First, it will benefit you to learn about what coverages are included in your policy and the things you can change to drop your rates. Many rating criteria that result in higher prices like traffic violations, accidents, and a negative credit rating can be controlled by making lifestyle changes or driving safer.
Second, quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like GEICO or Allstate, while agents who are independent can give you price quotes from many different companies. Begin your rate comparison
Third, compare the new rates to your existing policy to see if switching to a new carrier will save money. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide notification to your current company of your intention to cancel the current policy. Submit a completed application and payment to the new company. Immediately store the proof of insurance certificate with your vehicle’s registration.
The most important part of shopping around is that you’ll want to compare the same level of coverage on every price quote and and to look at as many auto insurance providers as possible. This guarantees a level playing field and and a good selection of different prices.
It’s a known fact that auto insurance companies don’t want their policyholders to compare prices. People who shop around for the cheapest rate are very likely to buy a different policy because the odds are good of finding more affordable rates. A survey found that people who routinely compared rates saved on average $70 a month as compared to drivers who never shopped around for cheaper prices.
If finding the lowest price for auto insurance in Lincoln is your goal, then knowing how to find companies and compare coverages can save time, money, and frustration.
The are a couple different ways to compare rate quotes from companies that offer car insurance in Nebraska. The easiest way by far to find the lowest Lexus GS 350 rates consists of shopping online.
Doing price comparisons online is so simple that it makes it a waste of time to make phone calls or go to local insurance agencies. The internet eliminates this option unless your situation requires the trained guidance of a licensed agent. However, consumers can price shop online and get advice from an agent in your area.
When comparing car insurance rates, know that having more price comparisons increases your odds of finding the best price.
The following companies have been selected to offer free quotes in Nebraska. To find the best auto insurance in Nebraska, it’s highly recommended you visit several of them in order to get a fair rate comparison.
Insurance statistics for a Lexus GS 350
The rate information displayed next outlines detailed analysis of policy rates for Lexus GS 350 models. Having a better idea how car insurance prices are figured can help drivers make decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|GS 350 AWD||$312||$588||$260||$16||$78||$1,254||$105|
|Get Your Own Custom Quote Go|
Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Premium costs do not factor in specific Lincoln garaging location which can affect prices substantially.
The chart below demonstrates how deductibles and can influence Lexus GS 350 premium costs for each different age group. The premiums assume a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
Irresponsible driving raises your rates
The diagram below demonstrates how speeding tickets and at-fault fender-benders can impact Lexus GS 350 car insurance rates for each age group. Data assumes a married male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
Annual premiums comparing men and women in Lincoln
The diagram below illustrates the difference between Lexus GS 350 insurance rates for male and female drivers. The rates are based on no tickets, no at-fault accidents, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
Rate difference between full and liability-only coverage
The example below visualizes the comparison of Lexus GS 350 premium costs with full physical damage coverage compared to only buying liability only. The premiums are based on no violations or claims, $100 deductibles, drivers are single, and no discounts are factored in.
When to drop full coverage
There isn’t a written rule for dropping physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Lexus GS 350 replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after paying your deductible. If you are paying more than $600 a year for full coverage, then you might want to consider buying only liability coverage.
There are a few situations where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not remove full coverage.
Auto insurance is not optional in Nebraska
Despite the high cost of buying insurance for a Lexus GS 350 in Lincoln, auto insurance may be required for several reasons.
- Just about all states have compulsory liability insurance requirements which means the state requires specific limits of liability insurance in order to drive the car. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your GS 350, it’s most likely the lender will require you to have full coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Lexus for a lot more money and require you to pay a much higher amount than you were paying before.
- Insurance protects your Lexus GS 350 and your assets. It will also pay for medical bills for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay to defend you if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance outweigh the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is overpaying more than $865 each year so you should quote rates once a year at a minimum to save money.
Learn about car insurance coverages for a Lexus GS 350
Having a good grasp of your policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average car insurance policy.
Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many Nebraska drivers have only the minimum liability required by law (Nebraska limits are 25/50/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Comprehensive coverages – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like a broken windshield, rock chips in glass, a tree branch falling on your vehicle and vandalism. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Coverage for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for surgery, X-ray expenses, doctor visits and hospital visits. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Coverage for liability – Liability insurance will cover damage or injury you incur to a person or their property in an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged property.
Liability coverage pays for things such as funeral expenses, pain and suffering, structural damage, loss of income and medical services. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford. Nebraska state minimum liability requirements are 25/50/25 but you should think about purchasing higher limits.
The chart below demonstrates why buying low liability limits may not provide adequate coverage.
Collision coverage – Collision insurance pays for damage to your GS 350 resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like colliding with another moving vehicle, rolling your car, hitting a mailbox and crashing into a building. This coverage can be expensive, so consider removing coverage from older vehicles. You can also bump up the deductible on your GS 350 to save money on collision insurance.
Best auto insurance in Nebraska
Selecting the highest-rated car insurance provider can be difficult considering how many different companies sell coverage in Nebraska. The company ratings below could help you choose which car insurance companies you want to consider purchasing from.
Top 10 Lincoln Car Insurance Companies Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Liberty Mutual
- The Hartford
- Farmers Insurance
Top 10 Lincoln Car Insurance Companies Overall
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
More affordable car insurance in Lincoln can be bought both online and also from your neighborhood Lincoln agents, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who do not offer online price quotes and usually these smaller providers work with independent agents.
In this article, we covered some good ideas how to compare Lexus GS 350 insurance rates in Lincoln. The key concept to understand is the more quotes you get, the higher the chance of saving money. Drivers may even discover the biggest savings come from the smaller companies. These smaller insurers often have lower auto insurance rates on specific markets than their larger competitors like Progressive or GEICO.
Much more information about car insurance in Nebraska can be read at the links below
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Who Has the Cheapest Auto Insurance for Active Military in Lincoln? (FAQ)
- How Much are Lincoln Auto Insurance Rates for a Honda CR-V? (FAQ)
- Who Has Affordable Lincoln Car Insurance Rates for a Hyundai Elantra? (FAQ)
- Who Has Cheap Car Insurance Quotes for Inexperienced Drivers in Lincoln? (FAQ)
- Who Has Cheap Car Insurance Quotes for Drivers with Good Credit in Lincoln? (FAQ)
- Who Has Cheap Lincoln Car Insurance for a Nissan Sentra? (FAQ)
- Determining Auto Insurance Rates (GEICO)
- Tread Depth and Tire Safety (State Farm)
- Parking Tips to Reduce Door Dings (State Farm)
- Booster Seat Ratings (iihs.org)