Amazingly, a recent NerdWallet.com study showed that almost 70% of drivers have remained with the same auto insurance company for at least four years, and just short of a majority have never taken the time to shop around. Many drivers in Alaska can save roughly 35% each year just by shopping around, but they feel it’s too difficult to shop around.
To save the most money, the best way to find affordable quotes for Lexus GS 200t insurance is to do a yearly price comparison from companies who provide auto insurance in Anchorage. This can be done by following these guidelines.
Step 1: Get a basic knowledge of policy coverages and the changes you can make to prevent high rates. Many policy risk factors that cause rate increases like accidents, traffic violations, and a negative credit rating can be rectified by being financially responsible and driving safely. Read the full article for more information to get lower rates and earn larger discounts.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from a single company like Progressive and State Farm, while independent agencies can provide price quotes from multiple insurance companies.
Step 3: Compare the price quotes to your existing rates to see if a cheaper price is available in Anchorage. If you find a lower rate and switch companies, make sure there is no lapse in coverage.
Step 4: Tell your current company of your intent to cancel your current policy and submit a completed policy application and payment for the new coverage. Once received, store the certificate of insurance along with the vehicle’s registration papers.
A good piece of advice is to try to use the same liability limits and deductibles on each price quote and and to analyze as many carriers as you can. Doing this ensures an apples-to-apples comparison and the best price selection.
If you have a current insurance policy or are looking for a new policy, you will benefit by learning to get lower rates and still get good coverage. Finding the cheapest coverage in Anchorage is quite easy. Drivers just need to use the quickest way to compare rates on the web.
Car insurance providers offering competitive price quotes in Alaska
The car insurance companies shown below are our best choices to provide price comparisons in Alaska. If your goal is to find cheap car insurance in Anchorage, we suggest you visit as many as you can to find the lowest car insurance rates.
These discounts can reduce Lexus GS 200t insurance rates
Car insurance can cost a lot, but there’s a good chance there are discounts that can drop the cost substantially. Many discounts should be triggered when you complete an application, but some must be specially asked for before you get the savings.
- Homeowners Savings – Owning a home in Anchorage may trigger a policy discount on car insurance because of the fact that having a home requires a higher level of personal finance.
- Driver Education Discount – It’s a good idea to have your young drivers take driver’s ed class in school or through a local driver safety program.
- New Car Discount – Insuring a new GS 200t is cheaper since newer vehicles are generally safer.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase some life insurance in addition to your auto policy.
- Accident Free – Drivers with accident-free driving histories have much lower rates as compared to drivers with a long claim history.
Consumers should know that many deductions do not apply to the whole policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the appearance that you could get a free car insurance policy, car insurance companies aren’t that generous. But all discounts will positively reduce your overall bill.
Popular car insurance companies and their possible discounts are included below.
- Progressive offers discounts for multi-policy, good student, homeowner, continuous coverage, online quote discount, multi-vehicle, and online signing.
- SAFECO may have discounts that include multi-car, drive less, anti-lock brakes, bundle discounts, homeowner, accident prevention training, and safe driver.
- American Family may offer discounts for air bags, multi-vehicle, defensive driver, good student, and mySafetyValet.
- MetLife policyholders can earn discounts including multi-policy, good student, accident-free, claim-free, defensive driver, good driver
- GEICO discounts include five-year accident-free, multi-vehicle, multi-policy, military active duty, seat belt use, and federal employee.
- The Hartford has discounts for anti-theft, air bag, driver training, vehicle fuel type, bundle, and defensive driver.
Before you buy a policy, ask each company which discounts you qualify for. Some of the earlier mentioned discounts might not be offered on policies in Anchorage. To find companies who offer free Lexus GS 200t insurance quotes in Alaska, click this link.
You Can Change Your Insurance Prices
Many different elements are considered when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but other criteria are not quite as obvious like where you live or your commute time.
The factors shown below are some of the major factors used by insurance companies to determine premiums.
Liability coverage – Liability coverage is the coverage that protects you in the event that you are ruled to be at fault for damages from an accident. Your policy’s liability insurance provides legal defense coverage up to the limits shown on your policy. This coverage is very inexpensive compared to comp and collision, so do not skimp.
Rural vs Urban Areas – Residing in less populated areas of the country can be a good thing when shopping for auto insurance. Fewer drivers and short commutes translates into fewer accidents. People who live in big cities regularly have more traffic problems and more time behind the wheel. More time on the road can result in more accidents.
Rates increase with driving citations – Your driving citation history can have a huge impact on auto insurance premiums. Good drivers get better prices than bad drivers. Even a single speeding ticket can boost insurance rates substantially. People who have license-revoking citations such as DWI, reckless driving or hit and run convictions may find that they have to to file a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.
Fast cars cost more to insure – The performance level of the car, truck or SUV you need insurance for makes a big difference in your car insurance bill. The lowest performance passenger models generally receive the lowest base rates, but other factors influence the final cost greatly.
Insurance rates and driver gender – Over time, data shows that females tend to be a little less risky than males. That doesn’t necessarily mean that women are better drivers. Both sexes are in accidents at about the same rate, but guys tend to have more serious accidents. Men also get ticketed for serious violations like DUI and reckless driving. Teenage male drivers have the highest risk to insure and are penalized with high auto insurance rates.
Is you employer costing you more? – Do you work in a high-stress field? Occupational choices like military personnel, architects, and financial analysts have higher average rates due to high stress and lengthy work days. On the other hand, occupations such as farmers, engineers and retirees pay the least.
Rate your vehicle for proper use – The more miles you rack up on your Lexus in a year’s time the higher your rate. Almost all companies apply a rate determined by how the vehicle is used. Cars that have low annual miles receive lower rates compared to those used for work or business. Having an incorrect usage rating on your GS 200t is throwing money out the window. It’s a good idea to make sure your policy is showing the proper vehicle usage.
Different people need different auto insurance coverages
Keep in mind that when it comes to choosing proper insurance coverage, there is no best way to insure your cars. Your situation is unique and a cookie cutter policy won’t apply.
Here are some questions about coverages that may help you determine if your insurance needs might need professional guidance.
- What is the premium to book value ratio for dropping full coverage?
- Does medical payments coverage apply to all occupants?
- Are rock chip repairs covered?
- Is other people’s property covered if stolen from my vehicle?
- Is my trailer covered?
- What does medical payments cover?
- What does roadside assistance cover?
- Are my friends covered when driving my Lexus GS 200t?
If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.
Get rate quotes but work with a local Anchorage insurance agent
Some people just prefer to buy from a local agent and that is a personal choice. Professional insurance agents can point out coverage gaps and help you file claims. A nice benefit of getting online price quotes is you may find cheap auto insurance rates and still buy from a local agent. Buying from and supporting local insurance agencies is still important in Anchorage.
By using this form (opens in new window), your coverage information is instantly submitted to agents in your area who will give you quotes for your business. It’s much easier because you don’t need to drive around since rate quotes are delivered straight to your inbox. If you want to get a price quote for a specific company, just search and find their rate quote page and complete a quote there.
Two types of auto insurance agents
If you’re trying to find a reliable insurance agency, it’s helpful to know the different agency structures and how they are slightly different. Agents are categorized either independent (non-exclusive) or exclusive. Both write policy coverage, but it is important to understand the difference between them since it can affect the type of agent you choose.
Independent Agencies or Brokers
Independent agents do not sell for just one brand so they can write business through many companies and get you the best rates possible. If they find a lower price, they simply move the coverage in-house which requires no work on your part.
When shopping rates, we highly recommend that you include at least one independent agent to ensure the widest selection of prices.
Listed below is a list of independent insurance agencies in Anchorage that may be able to provide free rate quotes.
Alaskan General Insurance
1400 W Benson Blvd # 500 – Anchorage, AK 99503 – (907) 297-4500 – View Map
Kevin Dykman Agency
4450 Cordova St #120 – Anchorage, AK 99503 – (907) 563-5300 – View Map
Exclusive Insurance Agents
Agents that elect to be exclusive can only provide one company’s prices such as Farmers Insurance or State Farm. They generally cannot place coverage with different providers so they have no alternatives for high prices. They are well trained on what they offer and that allows them to sell at a higher price point.
Below is a list of exclusive insurance agencies in Anchorage who can help you get price quotes.
Selecting a auto insurance agent needs to be determined by more than just a cheap quote. These are valid questions to ask:
- If your car is totaled, how to they determine the replacement cost?
- Will high miles depreciate repair valuations?
- Is there a 24/7 contact number?
- How often do they review policy coverages?
- Are they paid to recommend certain coverages?
- Do they have designations such as AIC, CPCU, or CIC?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
Once you have acceptable answers to these questions and a good coverage price, it’s possible that you found an insurance agency that meets your needs to insure your vehicles. Just keep in mind you can always cancel your policy for any reason so never feel that you are obligated to any specific company with no way to switch.
Best car insurance in Alaska
Ending up with the top insurer can be rather challenging considering how many companies are available to choose from in Anchorage. The information in the next section may help you choose which insurers to look at when comparing rate quotes.
Top 10 Anchorage Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- The Hartford
- The General
- Farmers Insurance
More comparisons equals cheap rates
We covered some good ideas how to shop for Lexus GS 200t insurance online. The key thing to remember is the more quotes you get, the better chance you’ll have of finding cheaper Anchorage car insurance quotes. Consumers could even find that the lowest premium rates come from a small mutual company. They often have lower prices on specific markets than their larger competitors like State Farm and Allstate.
As you quote Anchorage car insurance, never skimp on critical coverages to save a buck or two. In many instances, drivers have reduced full coverage only to regret at claim time that the small savings ended up costing them much more. Your goal is to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.
Discount Lexus GS 200t insurance in Anchorage is attainable both online as well as from insurance agents, so get free Anchorage car insurance quotes from both of them to get a complete price analysis. A few companies do not provide the ability to get a quote online and many times these smaller companies work with independent insurance agencies.
More tips and info about auto insurance can be read by following these links:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Who Has the Cheapest Anchorage Auto Insurance Quotes for Drivers with Good Credit? (FAQ)
- Safety Belts FAQ (iihs.org)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Understanding Car Crashes Video (iihs.org)
- Five Mistakes to Avoid (Insurance Information Institute)