Finding better insurance prices for a Lexus GS 450h in Colorado can turn out to be an all-consuming task, but you can learn our insurance buying tips and make it easy.
There are both good and bad ways to find insurance online and we’ll show you the quickest way to get price quotes for your Lexus and get the best price possible either online or from Aurora insurance agents.
It is always a good idea to quote other rates as often as possible due to the fact that insurance rates change regularly. Even if you think you had the best deal on Lexus GS 450h insurance in Aurora six months ago the chances are good that you can find a lower price today. Ignore everything you know about insurance because I’m going to let you in on the secrets to one of the quickest ways to properly buy coverages while reducing your premium.
Finding a better price on car insurance is actually easier than you may think. Consumers just need to spend a little time to compare rates to find the company with the cheapest Lexus GS 450h rate quotes.
The following companies offer free quotes in Colorado. If your goal is to find the best auto insurance in CO, it’s a good idea that you compare several of them to find the most competitive car insurance rates.
Coverage statistics and figures
The table shown below highlights detailed analysis of policy rates for Lexus GS 450h models. Knowing how insurance premiums are established can be of help when making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $364 | $688 | $358 | $22 | $108 | $1,540 | $128 |
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Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Table data does not factor in vehicle location which can lower or raise premium rates greatly.
Physical damage deductibles
One of the most common car insurance questions is where should you set your physical damage deductibles. The premium rates below outline how much more rates are of buying low and high deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $376 | $702 | $352 | $20 | $106 | $1,581 | $132 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $306 | $566 | $352 | $20 | $106 | $1,350 | $113 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Table data does not factor in vehicle location which can change premiums substantially.
Based on this data, using a $250 deductible will cost you about $19 more each month or $228 each year than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 13 months between claims, you would save money by selecting a higher deductible.
The illustration below demonstrates how deductibles and can impact Lexus GS 450h insurance costs for each age group. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are factored in.
Insurance premiums for males and females
The diagram below compares Lexus GS 450h car insurance costs for male and female drivers. The premiums assume no accidents or driving violations, comp and collision included, $250 deductibles, single status, and no discounts are factored in.
Three reasons auto insurance is important
Even though it’s not necessarily cheap to insure a Lexus in Aurora, auto insurance is required in Colorado but it also protects you in many ways.
- Most states have mandatory insurance requirements which means the state requires specific limits of liability protection if you don’t want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your GS 450h has a lienholder, it’s guaranteed your bank will stipulate that you carry insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Lexus for a much higher rate and make you pay the higher premium.
- Insurance safeguards your Lexus and your assets. It will also reimburse you for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage will also pay attorney fees if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your policy will pay all costs to repair after the deductible has been paid.
The benefits of insuring your GS 450h more than offset the price you pay, especially if you ever need it. The average driver in America overpays as much as $865 each year so you should quote your policy with other companies once a year at a minimum to ensure rates are competitive.
Educated Choices Result in Lower Insurance Rates
Smart consumers have a good feel for some of the things that help determine the price you pay for insurance. If you understand what impacts premium levels, this empowers consumers to make smart changes that could result in lower rates. Lots of factors are used in the calculation when quoting car insurance. Some of the criteria are obvious like an MVR report, although others are less apparent like your vehicle usage or your commute time.
Low credit score equals high prices – Credit score is a large factor in determining what you pay. Consumers who have high credit scores tend to file fewer claims as compared to drivers with poor credit. If your credit history is not that good, you could pay less to insure your Lexus GS 450h by taking the time to improve your credit score.
Don’t skimp on liability – Your insurance policy’s liability coverage is the coverage that protects you if ever you are found to be at fault for an accident. It provides legal defense up to the limits shown on your policy. Liability is cheap compared to physical damage coverage, so buy as much as you can afford.
Driver age impacts rates – Mature drivers tend to be more responsible, cost insurance companies less in claims, and tend to be get fewer driving tickets. Teenage drivers are known to be more careless in a vehicle and because of this, their insurance rates are much higher.
The chart below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.
Filing insurance claims can cost more – If you’re an insured who likes to file claims don’t be surprised to see much higher rates or policy non-renewal. Car insurance companies in Colorado generally give most affordable rates to insureds who do not file claims often. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
Is you vocation costing you more? – Occupational choices like military generals, air traffic controllers, and emergency personnel generally pay higher premiums than the average policyholder in part from intense work situations and lots of time spent at work. Other careers such as farmers, engineers and retirees have lower than average premiums.
Raise comp and collision deductibles and save – Comprehensive and collision coverage deductibles are how much you are willing to pay if a covered claim is submitted. Physical damage protection, also called comprehensive and collision insurance, covers damage that occurs to your car. Some coverage claims are colliding with a stationary object, hail damage, or theft of your vehicle. The more the insured has to pay upfront, the less money you will pay for insurance.
Pleasure use or commuting – The more you drive annually the higher your rate. Many insurance companies charge rates based on how the vehicle is used. Cars and trucks that do not get driven very much can be on a lower rate level than those used for commuting. Having an incorrect usage rating on your GS 450h is throwing money out the window. It’s a smart idea to ensure your policy states the correct usage for each vehicle.
Avoid unnecessary incidental coverages – There are a ton of extra add-on coverages that can waste your money on your GS 450h policy. Coverage for things like coverage for rental cars, towing, and extra equipment coverage are examples of these. These may sound like a good investment when discussing your needs, but your needs may have changed so eliminate the coverages to reduce your premium.
Insurance losses for a Lexus GS 450h – Insurance companies include the past claim trends for vehicles when setting premium costs. Models that have higher loss trends will be charged more to insure.
The table below shows the insurance loss data for Lexus GS 450h vehicles. For each insurance policy coverage type, the statistical loss for all vehicles averaged together is equal to 100. Values that are 100 or less suggest losses that are better than average, while numbers above 100 point to more claims or a tendency for losses to be larger than average.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lexus GS 450h Hybrid 4dr | 208 | 250 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Special considerations
Always keep in mind that when comparing coverage online or from an agent, there really is not a cookie cutter policy. Your situation is unique so your insurance needs to address that.
For example, these questions might point out whether or not you would benefit from an agent’s advice.
- What is roadside assistance coverage?
- What is the difference between personal and commercial auto insurance policies?
- Are my friends covered when driving my car?
- Why am I required to get a high-risk car insurance policy?
- How much underlying liability do I need for an umbrella policy?
- Where can I find high-risk insurance?
- Is my custom stereo system covered?
- Are my custom wheels covered?
- How can I get my company to pay me more for my totaled car?
- What is high-risk coverage and where do I buy it?
If you can’t answer these questions but you know they apply to you then you might want to talk 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 is quick, free and may give you better protection.
How much can you save?
As you go through the steps to switch your coverage, don’t be tempted to buy less coverage just to save a little money. There are many occasions where an insured dropped full coverage and found out when filing a claim that it was a big error on their part. Your focus should be to purchase plenty of coverage at the best cost but still have enough coverage for asset protection.
Lower-priced Lexus GS 450h insurance in Aurora can be purchased online in addition to many Aurora insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies don’t offer rate quotes online and many times these regional carriers sell through independent insurance agencies.
Steps to finding cheaper quotes for Lexus GS 450h insurance in Aurora
Truthfully, the best way to find better pricing on Lexus GS 450h insurance is to begin comparing prices regularly from insurance carriers who sell auto insurance in Aurora.
- It will benefit you to learn about how companies set rates and the things you can control to prevent expensive coverage. Many rating factors that cause rate increases like traffic citations, accidents, and a less-than-favorable credit history can be rectified by making minor changes in your lifestyle.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like GEICO or Farmers Insurance, while independent agencies can provide prices for a wide range of insurance providers.
- Compare the new rate quotes to your current policy premium to determine if switching companies saves money. If you find better rates and decide to switch, verify that coverage does not lapse between policies.
- Provide written notification to your current company to cancel your current car insurance policy and submit a down payment along with a completed application to your new company or agent. Once coverage is bound, place your new proof of insurance certificate with your vehicle’s registration.
The key aspect of shopping around is to compare identical limits and deductibles on every price quote and to quote with as many car insurance companies as possible. This helps ensure a fair rate comparison and the best price selection.
Other resources
- Older Driver Statistics (Insurance Information Institute)
- Who Has Affordable Auto Insurance Quotes for Homeowners in Aurora? (FAQ)
- What Insurance is Cheapest for Real Estate Agents in Aurora? (FAQ)
- How to Avoid Staged Accidents (State Farm)
- Cellphones, Texting and Driving (iihs.org)