Car Insurance Quotes for a Lexus HS 250h in Boston

The best way we recommend to get budget Lexus HS 250h insurance is to make a habit of regularly comparing prices from different companies in Boston.

• First, spend a few minutes and learn about the coverage provided by your policy and the changes you can make to prevent expensive coverage. Many things that result in higher rates such as at-fault accidents, careless driving, and an imperfect credit score can be controlled by making minor changes in your lifestyle.
• Second, request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO or Farmers Insurance, while independent agencies can quote prices from multiple sources. View companies
• Third, compare the new quotes to your existing rates to see if switching to a new carrier will save money. If you can save money and switch companies, ensure coverage does not lapse between policies.

A tip to remember is to use the same level of coverage on every quote and and to compare every insurance company. Doing this provides an apples-to-apples comparison and a complete price analysis.

Surprisingly, a recent survey revealed that over 70% of drivers have stayed with the same insurance company for more than four years, and almost 40% of drivers have never compared rate quotes at all. Boston insurance shoppers could cut their rates by nearly 45% a year, but most tend to underestimate the benefits if they switched to a more affordable policy.

Our objective in writing this article is to tell you how car insurance works. If you’re already insured, you will definitely be able to buy cheaper auto insurance using the techniques covered below. Drivers only have to learn the fastest way to compare rates instantly.

Shop Lexus HS 250h insurance online

The following companies can provide price quotes in Boston, MA. To find the cheapest auto insurance in Massachusetts, it’s highly recommended you visit two to three different companies to get the best price comparison.

Lexus HS 250h insurance rate analysis

The rate table displayed next covers a range of coverage costs for Lexus HS 250h models. Having a better understanding of how policy rates are calculated is important for making smart choices when choosing a car insurance company.

Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in specific zip code location which can increase or decrease rates significantly.

Policy deductibles

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The rates shown below illustrate the costs and benefits between high and low physical damage deductibles. The first set of rates uses a $100 deductible and the second set of rates uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price estimates do not factor in vehicle garaging location which can revise prices significantly.

We can estimate from the data above that using a $100 deductible costs approximately $43 more each month or $516 each year than quoting the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 21 months between claims, you would most likely save money by going with a higher deductible. Below is a better example of how we made this calculation.

Irresponsible driving raises your rates

The illustration below shows how speeding tickets and at-fault fender-benders drive up Lexus HS 250h premium costs for different age categories. The prices are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

Males versus Females

The example below shows the comparison of Lexus HS 250h insurance prices for male and female drivers. The price estimates are based on no claims or driving citations, full physical damage coverage, $500 deductibles, drivers are single, and no policy discounts are applied.

Full coverage versus liability only rates

The information below illustrates the comparison of Lexus HS 250h car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Massachusetts. The price estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

When to eliminate full coverage

There is no exact formula of when to phase out physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s assume your Lexus HS 250h replacement value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after paying your policy deductible. If it’s costing you more than $400 a year for your policy with full coverage, then you may need to consider dropping full coverage.

There are some scenarios where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Why you need insurance

Even though it’s not necessarily cheap to insure a Lexus in Boston, buying insurance may be mandatory for several reasons.

• The majority of states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability insurance coverage in order to be legal. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you have a loan on your vehicle, it’s guaranteed your bank will require you to carry insurance to ensure they get paid if you total the vehicle. If the policy lapses, the lender will be forced to insure your Lexus at a significantly higher premium and make you pay for it.
• Insurance protects both your car and your assets. It will also reimburse you for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses in the event you are sued. If you have damage to your Lexus as the result of the weather or an accident, your insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car more than offset the price you pay, especially for larger claims. According to a recent study, the average American driver is currently overpaying as much as $830 a year so you should quote and compare rates once a year at a minimum to help ensure money is not being wasted.

Four Tips to Get Lower-cost Boston Insurance Costs

One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that go into determining the price you pay for insurance. If you understand what determines base rates, this helps enable you to make changes that may reward you with better insurance rates. Multiple criteria are part of the equation when quoting car insurance. Some factors are common sense like an MVR report, but some are less obvious like your continuous coverage or your commute time.

• Don’t skimp on liability insurance – Liability insurance will afford coverage if you are ruled to be at fault for an accident. Your policy’s liability insurance provides you with a defense in court to defend your case. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not skimp.
• Safer cars means cheaper insurance – Vehicles with high crash test scores get lower rates. Highly rated vehicles protect occupants better and fewer serious injuries translates into fewer and smaller insurance claims and thus lower rates.

• Is your car built for speed? – The make and model of the car, truck or SUV you need to insure makes a big difference in your car insurance bill. The lowest rates are generally reserved for lower performance four cylinder passenger cars, but many other things help determine your insurance rates.

  The data below assumes a married male driver age 30, full coverage with $500 deductibles, and no discounts or violations. The data compares Lexus HS 250h car insurance rates compared to other makes and models that have different performance risks.

• File insurance claims and pay more – If you’re an insured who likes to file claims you shouldn’t be surprised to get higher rates. Car insurance companies in Massachusetts give the best rates to drivers who do not rely on their insurance for small claims. Your insurance policy is meant to be used in the event of more catastrophic claims.

Insurance policy discounts you can’t miss

Companies don’t always list all possible discounts in a way that’s easy to find, so the below list has both the well known as well as some of the hidden credits available to bring down your rates.

• Sign Early and Save – A few companies offer discounts for switching companies prior to your current HS 250h insurance policy expiration. This discount can save up to 10%.
• Good Grades Discount – Maintaining excellent grades may save you up to 25%. Most companies allow this discount up to age 25.
• Multi-line Discount – Insurance carriers who offer life insurance give a discount if you purchase a life policy as well.
• Defensive Driver Discounts – Completing a defensive driving class could earn you a small percentage discount and make you a better driver.
• Low Miles Discount – Fewer annual miles on your Lexus may allow you to get cheaper prices.
• College Student – Older children who are enrolled in a college that is more than 100 miles from Boston and do not have access to a covered vehicle can receive lower rates.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. Some only apply to specific coverage prices like collision or personal injury protection. Even though it appears it’s possible to get free car insurance, companies don’t profit that way.

The example below illustrates the comparison of Lexus HS 250h annual premium costs with and without discounts applied. The rates are based on a female driver, no accidents or driving violations, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, marriage, claim-free, homeowner, and safe-driver discounts applied.

A list of insurance companies and the discounts they provide are shown below.

• 21st Century offers premium reductions for student driver, good student, theft prevention, air bags, driver training, early bird, and automatic seat belts.
• Progressive offers discounts for multi-vehicle, homeowner, multi-policy, continuous coverage, online quote discount, and good student.
• State Farm has savings for accident-free, driver’s education, defensive driving training, student away at school, Steer Clear safe driver discount, and anti-theft.
• Nationwide has discounts for accident-free, business or organization, good student, multi-policy, anti-theft, and Farm Bureau membership.
• Esurance includes discounts for Switch & Save, DriveSense, good student, good driver, and homeowner.
• The Hartford discounts include anti-theft, defensive driver, bundle, vehicle fuel type, and air bag.

When quoting, ask all companies you are considering how many discounts you can get. All car insurance discounts may not apply in your area. If you would like to view insurance companies with discount insurance rates in Boston, click here to view.

Car insurance is available from local insurance agents

Some consumers just prefer to visit with an insurance agent and that can be a great decision Most agents are trained risk managers and give you someone to call. One of the great benefits of comparing insurance prices online is the fact that drivers can get the best rates and still have an agent to talk to. And buying from local insurance agents is important especially in Boston.

After completing this quick form, your coverage information gets sent to companies in Boston that provide free Boston auto insurance quotes for your business. You never need to do any legwork since price quotes are sent immediately to you. If you want to get a comparison quote from a specific insurance company, feel free to find their quoting web page and give them your coverage information.

When looking for an insurance agent, it’s helpful to know the different types of agents that differ in how they can insure your vehicles. Insurance agencies in Boston are classified as either exclusive agents or independent agents. Either type can provide car insurance policies, but it is a good idea to know why they differ because it can influence buying decisions.

Independent Car Insurance Agencies

Independent insurance agents do not work for one specific company so they can write business with lots of companies and find you cheaper rates. If your premiums go up, your agent can switch companies and that require little work on your part.

When comparing car insurance prices, you need to get several quotes from at a minimum one independent agency for maximum quote selection. Most independent agents also contract with less well-known companies that many times have cheaper rates.

Shown below are Boston independent insurance agencies who may provide comparison quotes.

• Richard Soohoo Insurance
  1148 Washington St – Boston, MA 02118 – (617) 338-8168 – View Map
• Knapp Schenck Insurance Services
  1 India St #204 – Boston, MA 02109 – (617) 742-3366 – View Map
• H. Levenbaum Insurance Agency
  1534 Dorchester Ave – Dorchester, MA 02122 – (617) 825-3900 – View Map

More insurance agents

Exclusive Agencies

Agents in the exclusive channel can only provide pricing for a single company such as Allstate, AAA, Farmers Insurance, and State Farm. They usually cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive agents are well schooled on their products and sales techniques which helps them compete with independent agents. Consumers frequently buy insurance from these agents partially due to the brand name and solid financial strength.

Below is a list of exclusive insurance agencies in Boston who can help you get comparison quotes.

• AAA Boston
  125 High St – Boston, MA 02110 – (617) 443-9300 – View Map
• Allstate Insurance: Abner Joseph
  571 Dudley St Ste A – Boston, MA 02125 – (617) 442-9490 – View Map

More insurance agents

Choosing the best insurance agency is decision based upon more than just the quoted price. Agents should be asked these questions:

• In the event of vehicle damage, can you pick the collision repair facility?
• How is replacement cost determined on your vehicle?
• Is the agent properly licensed in Massachusetts?
• If your car is in the repair shop, do you have coverage for a rental car?
• Do they see any coverage gaps in your plan?
• Are they full-time agents?
• Does the company have a local claim office in Boston?

Smart shoppers get results

We’ve covered a lot of ways to shop for Lexus HS 250h insurance online. The key concept to understand is the more you quote Boston auto insurance, the better likelihood of getting affordable Boston auto insurance quotes. Drivers may even discover the biggest savings come from an unexpected company.

As you restructure your insurance plan, don’t be tempted to sacrifice coverage to reduce premiums. There have been many cases where someone sacrificed collision coverage to discover at claim time that it was a big error on their part. The aim is to buy enough coverage at the best cost, not the least amount of coverage.

Consumers change insurance companies for a number of reasons such as denial of a claim, high prices, poor customer service or delays in responding to claim requests. No matter why you want to switch, switching companies is easier than you think.

Other resources

• Driving in Bad Weather (Insurance Information Institute)
• Who Has the Cheapest Boston Auto Insurance Quotes for a Subaru Outback? (FAQ)
• What Insurance is Cheapest for a Honda Accord in Boston? (FAQ)
• How Much are Auto Insurance Rates for a Subaru Impreza in Boston? (FAQ)
• Who Has Cheap Boston Auto Insurance for Lyft Drivers? (FAQ)
• Cellphones, Texting and Driving (iihs.org)
• Credit and Insurance Scores (Insurance Information Institute)
• Insuring a Leased Car (Insurance Information Institute)
• New head restraint design cuts injuries (Insurance Institute for Highway Safety)