Car Insurance Quotes for a Lexus GS 350 in Colorado Springs

Unbelievable but true, most consumers in Colorado kept their coverage with the same insurance company for over three years, and 38% of customers have never compared rates to find cheap insurance. U.S. drivers could cut their rates by approximately $850 a year by just comparing rate quotes, but they don’t know the amount of money they would save if they changed companies.

The best way we recommend to find lower priced auto insurance rates in Colorado Springs is to regularly compare quotes from providers who provide car insurance in Colorado. You can compare rates by following these steps.

1. Try to comprehend the different coverages in a policy and the modifications you can make to keep rates low. Many factors that cause rate increases like high-risk driving behaviors and a less-than-favorable credit score can be eliminated by making minor changes in your lifestyle.
2. Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from one company like Progressive or Allstate, while agents who are independent can quote rates from multiple sources.
3. Compare the quotes to your current policy and determine if there is any savings. If you find better rates, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Provide written notification to your current company of your intention to cancel the current policy and submit a signed application and payment for the new policy. As soon as you can, put the certificate verifying coverage with your registration paperwork.

The key thing to remember is to make sure you’re comparing identical coverages on every quote and and to get quotes from as many companies as you can. Doing this ensures an accurate price comparison and a better comparison of the market.

Affordable companies for Lexus GS 350 insurance

The companies in the list below can provide price quotes in Colorado Springs, CO. If you want cheap auto insurance in Colorado Springs, CO, we suggest you visit several of them to get a more complete price comparison.

Analysis of Lexus GS 350 rates

The data table displayed below highlights detailed analysis of insurance coverage prices for Lexus GS 350 models. Having a good grasp of how insurance prices are calculated can assist in making informed decisions when comparing rates.

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in specific location information which can modify coverage rates noticeably.

Physical damage deductibles: Should you raise them?

One of the hardest decisions when shopping for auto insurance is how high should your deductibles be. The rates shown below can help you visualize the rate difference between high and low comp and collision deductibles. The first pricing table uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Estimates do not factor in specific location information which can affect auto insurance rates significantly.

Using the premium rates above, we can conclude that using a $100 deductible would cost the average driver about $32 more each month or $384 annually averaged for all GS 350 models than buying the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you have at least 13 months between claim filings, you would more than likely save some money if you choose the higher deductible.

The diagram below shows how choosing a deductible and can affect Lexus GS 350 insurance costs for different age categories. The premiums are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.

Insurance rate increases from tickets or accidents

The example below demonstrates how traffic citations and at-fault accidents can influence Lexus GS 350 insurance costs for each different age group. The prices are based on a married female driver, full coverage, $500 deductibles, and no discounts are factored in.

Male drivers versus female drivers

The illustration below shows the comparison of Lexus GS 350 insurance premiums for male and female drivers. The prices are based on no violations or claims, comprehensive and collision coverage, $500 deductibles, single marital status, and no discounts are applied to the premium.

Discounts for cheaper insurance quotes

Insurance can cost an arm and a leg, but you may be missing some discounts that you may not know about. Certain discounts will be applied when you quote, but a few need to be requested specifically before you get the savings.

• Drive Less and Save – Driving fewer miles could qualify for better premium rates on cars that stay parked.
• Pay Upfront and Save – If you can afford to pay the entire bill rather than spreading payments over time you may have a lower total premium amount.
• Discounts for Multiple Vehicles – Buying coverage for all your vehicles on a single policy can get a discount on all vehicles.
• Clubs and Organizations – Being a member of a civic or occupational organization in Colorado Springs is a good way to get lower rates on your next renewal.
• ABS Braking Discount – Cars and trucks with ABS braking systems or traction control can avoid accidents and the ABS can save up to 10%.
• Seat Belts Save – Buckling up and requiring all passengers to buckle up before driving could save 15% on medical payment and PIP coverage.
• Telematics Data – Policyholders that allow their company to spy on driving patterns by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate might get better premium rates if they are good drivers.

While discounts sound great, it’s important to understand that some of the credits will not apply to the whole policy. Most cut the cost of specific coverages such as comprehensive or collision. Despite the appearance that you could get a free insurance policy, insurance companies aren’t that generous.

The information below visualizes the comparison of Lexus GS 350 yearly insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no accidents, no driving violations, Colorado 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 multi-policy, safe-driver, homeowner, multi-car, claim-free, and marriage discounts applied.

Larger insurance companies and some of the discounts are:

• State Farm has savings for driver’s education, accident-free, Steer Clear safe driver discount, Drive Safe & Save, safe vehicle, and anti-theft.
• Farmers Insurance may include discounts for multi-car, alternative fuel, homeowner, youthful driver, and early shopping.
• GEICO discounts include air bags, daytime running lights, multi-vehicle, anti-theft, multi-policy, and five-year accident-free.
• American Family policyholders can earn discounts including good student, bundled insurance, early bird, mySafetyValet, and multi-vehicle.
• Nationwide has discounts for anti-theft, business or organization, good student, easy pay, and defensive driving.
• Progressive may have discounts that include multi-policy, continuous coverage, online quote discount, online signing, and multi-vehicle.

Check with every prospective company which discounts you may be entitled to. Some of the discounts discussed earlier might not apply everywhere. If you would like to view insurance companies that offer many of these discounts in Colorado, click here.

Different people need different auto insurance coverages

When it comes to buying the best auto insurance coverage, there is no one-size-fits-all type of policy. Every situation is different so your insurance needs to address that. Here are some questions about coverages that can help discover whether you will benefit from professional help.

• What is an adequate liability insurance limit?
• What is an umbrella policy?
• If I use my vehicle for business use is it covered?
• Does my insurance cover my expensive audio equipment?
• Are split liability limits better than a combined single limit?
• What policy terms are available?
• Do I need to file an SR-22 for a DUI in Colorado?
• Are my company tools covered if they get stolen?
• Should I file a claim if it’s only slightly more than my deductible?
• Is my custom paint covered by insurance?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Compare rate quotes but work with a local neighborhood Colorado Springs car insurance agent

Many drivers prefer to get advice from a local agent and that is OK! A good thing about comparing rates online is the fact that you can find lower prices and still have an agent to talk to.

For easy comparison, once you complete this simple form, your coverage information gets sent to companies in Colorado Springs who can give free rate quotes for your car insurance coverage. You won’t even need to drive around since rate quotes are delivered to the email address you provide. You can find better rates and a licensed agent to talk to. If you need to get a price quote from a particular provider, you would need to navigate to their website and give them your coverage information.

Choosing the best insurer is decision based upon more than just the bottom line cost. Here are some questions to ask:

• What is their Better Business Bureau rating?
• If your car is in the repair shop, do you have coverage for a rental car?
• How does the company pay claims for a total loss?
• Is the agent and/or agency licensed to do business in Colorado?
• Are they full-time agents?
• Will the quote change when the policy is issued?
• Is auto insurance their primary focus in Colorado Springs?
• Does the company use OEM repair parts?

Exclusive agents vs. Independent agents

When narrowing the list to find a good insurance agency, there are a couple of different types of agents and how they can quote your rates. Colorado Springs agents are either independent agents or exclusive agents depending on their employer.

Exclusive Agents

Exclusive insurance agents can only quote rates from one company such as American Family, State Farm, and Allstate. Exclusive agencies are unable to provide prices from multiple companies so they have to upsell other benefits. These agents are highly trained in insurance sales which aids in selling service over price.

Listed below is a short list of exclusive agents in Colorado Springs willing to provide rate quotes.

View more Colorado Springs agents

Independent Car Insurance Agents

These type of agents are not limited to a single company so they can insure your vehicles with many different companies and get the cheapest rates. If you are not satisfied with one company, your policy is moved internally which is easy for the insured. When comparison shopping, you need to contact a couple of independent agencies to have the best price comparison.

Below are Colorado Springs independent agents that can give you price quote information.

View more Colorado Springs agents

Once you have answers to your satisfaction for all questions you ask as well as offering an affordable quote, chances are good that you have found a car insurance agent that meets your needs to properly insure your vehicles.

Best car insurance in Colorado Springs

Choosing the right company can be difficult considering how many companies sell coverage in Colorado Springs. The rank data in the lists below may help you pick which auto insurance companies to look at shopping prices with.

Top 10 Colorado Springs Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. Travelers – A++
3. State Farm – A++
4. GEICO – A++
5. Esurance – A+
6. Nationwide – A+
7. Allstate – A+
8. Mercury Insurance – A+
9. Progressive – A+
10. Titan Insurance – A+

Top 10 Colorado Springs Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Compare auto insurance rates regularly to save

The cheapest Lexus GS 350 insurance in Colorado Springs is available both online as well as from insurance agents, so you should compare both in order to have the best price selection to choose from. A few companies do not provide internet price quotes and many times these smaller providers only sell through local independent agents.

As you prepare to switch companies, do not skimp on coverage in order to save money. There are too many instances where someone sacrificed liability limits or collision coverage only to regret that they should have had better coverage. Your aim should be to buy a smart amount of coverage at a price you can afford and still be able to protect your assets.

More information can be read below:

• What are my Rights when Filing a Claim? (Insurance Information Institute)
• Who Has Affordable Colorado Springs Auto Insurance Quotes for a Honda Civic? (FAQ)
• How Much are Colorado Springs Auto Insurance Quotes for a Toyota Camry? (FAQ)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• What if I Can’t Find Coverage? (Insurance Information Institute)
• Older Driver Statistics (Insurance Information Institute)
• Understanding your Policy (NAIC.org)