Car Insurance Quotes for a Lexus HS 250h in Boston

Insurance rates Lexus HS 250h in BostonThe 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.

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.

Lexus HS 250h Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $256 $466 $290 $18 $86 $1,116 $93
HS 250H Premium 4-Dr Sedan $256 $466 $290 $18 $86 $1,116 $93
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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.

Lexus HS 250h insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $362 $704 $284 $16 $86 $1,477 $123
HS 250H Premium 4-Dr Sedan $362 $704 $284 $16 $86 $1,477 $123
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Lexus HS 250h insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $200 $372 $284 $16 $86 $958 $80
HS 250H Premium 4-Dr Sedan $200 $372 $284 $16 $86 $958 $80
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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.

Average monthly premium for $100 deductibles: $123
Average monthly premium for $1,000 deductibles (subtract): – $80
Monthly savings from raising deductible: $43
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $43
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

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 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.

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.Discount insurance

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.

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.

Boston insurance agentsAfter 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.

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.

More insurance agents

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

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.

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