Compare Lexus GS 450h Insurance Rates in Boston

If you want to find the absolute lowest rates, then the best way to find better pricing on auto insurance rates in Boston is to make a habit of regularly comparing prices from insurers who provide auto insurance in Massachusetts. Prices can be compared by following these steps.

  1. Take a few minutes and learn about how companies set rates and the things you can control to prevent rate increases. Many risk factors that cause rate increases such as at-fault accidents, speeding tickets, and poor credit rating can be controlled by improving your driving habits or financial responsibility. Later in this article we will cover more information to help prevent costly coverage and find missing discounts.
  2. Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like GEICO or Allstate, while independent agencies can provide price quotes for a wide range of companies.
  3. Compare the new rate quotes to the price on your current policy to see if cheaper GS 450h coverage is available. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.

A good tip to remember is that you use the same amount of coverage on every quote request and and to get rate quotes from every company you can. This helps ensure an apples-to-apples comparison and a complete price analysis.

Insurance for Lexus GS 450hUnimaginable but true, most consumers have purchased from the same company for four years or more, and approximately 38% of consumers have never shopped around. With the average premium in Massachusetts being $1,400, drivers could save an average of $600 each year by just comparing rate quotes, but they mistakenly think it’s difficult to do a rate comparison.

Best companies for Lexus GS 450h insurance

The companies in the list below are our best choices to provide free rate quotes in Massachusetts. In order to find cheap car insurance in Boston, we suggest you visit as many as you can in order to find the lowest rates.

Coverage analysis

The table below covers estimates of insurance prices for Lexus GS 450h models. Being able to understand how insurance quotes are determined can assist in making decisions when shopping around.

Lexus GS 450h Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 450H Hybrid $214 $412 $340 $20 $102 $1,088 $91
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Table data does not factor in specific garaging location which can increase or decrease coverage prices substantially.

Raise deductibles and save

When comparing insurance rates, the most common question is what deductibles to buy. The rates shown below may help you to understand the rate difference between high and low physical damage deductibles. The first set of rates uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.

Lexus GS 450h insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 450H Hybrid $358 $668 $334 $20 $100 $1,505 $125
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Lexus GS 450h insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GS 450H Hybrid $222 $420 $334 $20 $100 $1,096 $91
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in specific location which can revise premiums noticeably.

Based on the above data, using a $250 deductible costs roughly $34 more each month or $408 a year across all Lexus GS 450h models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 22 months between claims, you would save more money if you choose the higher deductible. The illustration below shows an example of how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $125
Average monthly premium for $1,000 deductibles (subtract): – $91
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

The illustration below shows how choosing a deductible and can impact Lexus GS 450h yearly insurance costs for different age groups. The data assumes a single female driver, comprehensive and collision coverage, and no other discounts are factored in.

Cost of full coverage in Boston

The example below illustrates the comparison of Lexus GS 450h insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Massachusetts. The information is based on no tickets, no at-fault accidents, $250 deductibles, single marital status, and no discounts are applied.

Are you wasting money paying for full coverage?

There is no definitive guideline for phasing out full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then you might consider buying liability only.

For example, let’s say your Lexus GS 450h book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after you pay the deductible. If you are paying over $400 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where only buying liability is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

What Determines Lexus GS 450h Insurance Costs?

The best way to find cheaper car insurance is to take a look at the different types of things that help determine your premiums. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get lower rates. Many different elements are part of the calculation when you quote your car insurance policy. Some are obvious like an MVR report, but other criteria are more transparent like your continuous coverage or how safe your car is.

More people means more accidents – Choosing to live in less populated areas has it’s advantages when buying car insurance. Less people living in that area means a lower chance of having an accident. Drivers who live in large Massachusetts cities regularly have more traffic problems and more severe claims. More time on the road means a statistically higher chance of an accident.

File car insurance claims and pay more – Insurance companies in Massachusetts award most affordable rates to policyholders who are claim-free. If you are the type of insured that files lots of claims you can pretty much guarantee higher premiums or even policy non-renewal. Your car insurance is meant to be used in the event of larger claims.

Drive a safer car and pay less – Cars with five star safety ratings get lower rates. Vehicles engineered for safety reduce the chance of injuries and lower injury rates means your insurance company pays less passed on to you as lower rates.

Avoid tickets and save – Attentive drivers have lower premiums than their less careful counterparts. Only having one chargeable violation may cause rates to rise twenty percent or more. Drivers who get dangerous tickets like DUI or willful reckless driving may find they need to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to continue driving.

The example below demonstrates how traffic citations and accidents impact Lexus GS 450h auto insurance costs for different age groups. The premium estimates are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

High credit score translates to low premiums – A driver’s credit score factor in determining what you pay. If your credit is lower than you’d like, you could potentially save money when insuring your Lexus GS 450h by spending a little time repairing your credit. People with very high credit ratings tend to be less risk to insure than those with lower credit ratings.

If you don’t need it don’t buy it – Policies have extra bells and whistles that can add up if you aren’t careful. Insurance for things like replacement cost coverage, better glass coverage, and extra equipment coverage could be just wasting money. They may seem good when deciding what coverages you need, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.

Qualify for multi-policy discounts – Most car insurance companies apply lower prices to clients who have multiple policies with them such as combining an auto and homeowners policy. Even if you qualify for this discount already, you still need to compare other Boston GS 450h insurance rates to help ensure you have the lowest rates. Drivers may still find lower rates by splitting coverages up.

Insurance losses for a Lexus GS 450h – Insurance companies use claims history when setting rates for each model. Vehicles that tend to have a trend towards higher claim severity or frequency will cost more for coverage.

The table shown below demonstrates the insurance loss data for Lexus GS 450h vehicles. For each policy coverage type, the claim amount for all vehicles averaged together equals 100. Numbers shown that are under 100 are indicative of better than average losses, while numbers that are greater than 100 indicate a higher chance of having a claim or larger claims.

Lexus GS 450h Insurance Claim Statistics
Vehicle Make and 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Save with these premium slashing discounts

Not too many consumers would say car insurance is affordable, but there may be some discounts that could help you make your next renewal payment. Some of these discounts will be visible when you quote, but some discounts are required to be specifically requested before being credited.Car insurance discounts

Please keep in mind that some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability, collision or medical payments. Despite the appearance that you could get a free car insurance policy, you won’t be that lucky.

The chart below illustrates the difference between Lexus GS 450h insurance rates with and without discounts applied. The data is based on a female driver, no claims or driving citations, Massachusetts state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, homeowner, multi-policy, marriage, and safe-driver discounts applied.

A list of car insurance companies and some of the premium reductions they offer are detailed below.

Before you buy a policy, ask all the companies which discounts you may be entitled to. A few discounts might not be available to policyholders in Boston. To find providers that can offer you the previously mentioned discounts in Boston, click here to view.

Buying from insurance agencies

Many drivers just want to go talk to an agent and that is just fine! One of the great benefits of price shopping on the web is you can get the best rates and also buy local.

To make it easy to find an agent, after completing this simple form, your insurance coverage information is instantly submitted to participating agents in Boston that can provide free Boston auto insurance quotes and help you find cheaper coverage. You never need to leave your house as quotes are delivered to your email. You can most likely find cheaper rates and an insurance agent to talk to. In the event you want to quote rates from a specific company, don’t hesitate to find their quoting web page and submit a quote form there.

Finding the right insurance company requires more thought than just the quoted price. You should also get answers to these questions.

Different types of car insurance agents in Boston

When searching for a reputable agency, there are a couple of types of insurance agents and how they differ in how they can insure your vehicles. Auto insurance agents in Boston can be classified as either independent (non-exclusive) or exclusive.

Exclusive Insurance Agencies

Agents that elect to be exclusive write business for a single company such as State Farm, AAA, Farmers Insurance or Allstate. These agents are unable to compare other company’s rates so it’s a take it or leave it situation. Exclusive agencies are usually quite knowledgeable on their products and sales techniques which can be an advantage. Many people choose to use a exclusive agent mostly because of the brand name and strong financial ratings.

Below are Boston exclusive insurance agents who can help you get rate quotes.

View more Boston agents

Independent Agents (or Brokers)

Independent insurance agents are not limited to a single company so they can write business with many different companies and find you the best rates. If they find a cheaper price, they simply switch companies in-house and you don’t have to do anything. If you need lower rates, you should always compare prices from a few independent agents so that you have a good selection of quotes to compare. They also have the ability to place coverage with additional companies that you may not be familiar with which can be an advantage.

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

View more Boston agents

The best rates come from being thorough

More affordable insurance in Boston is definitely available both online and also from your neighborhood Boston agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers don’t offer online price quotes and usually these smaller providers provide coverage only through independent insurance agents.

When searching for cheaper Boston auto insurance quotes, it’s very important that you do not skimp on critical coverages to save a buck or two. There are many occasions where consumers will sacrifice liability limits or collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The goal is to buy the best coverage you can find at the lowest possible cost while not skimping on critical coverages.

Drivers switch companies for a variety of reasons including delays in responding to claim requests, high prices, extreme rates for teen drivers and lack of trust in their agent. It doesn’t matter what your reason, choosing a new insurance company is pretty easy and you might even save some money in the process.

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