Statistics show that the vast majority of consumers in Oregon have bought auto insurance from the same company for over three years, and just short of a majority have never compared rates to find cheap insurance. Consumers in America can save hundreds of dollars each year, but most just don’t grasp how much money they would save if they swap their current policy for a cheaper one.
To save the most money, the best way to get affordable Lexus GS 450h insurance is to compare prices at least once a year from companies who sell auto insurance in Portland. Price quotes can be compared by following these guidelines.
- Step 1: Read about what coverages are included in your policy and the measures you can control to prevent expensive coverage. Many things that cause high rates such as multiple speeding tickets and poor credit can be amended by making minor driving habit or lifestyle changes. Keep reading for additional tips to prevent rate hikes and get discounts that may be available to you.
- Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agents can quote rates from multiple insurance companies. Compare rates now
- Step 3: Compare the quotes to the price on your current policy and determine if cheaper GS 450h coverage is available. If you find better rates and decide to switch, make sure there is no coverage gap between policies.
The critical component of shopping around is to try to use similar coverage information on each price quote and and to get price estimates from as many different companies as possible. Doing this provides the most accurate price comparison and and a good selection of different prices.
Components of Your Lexus GS 450h Insurance Prices
One of the most helpful ways to save on auto insurance is to to have a grasp of the different types of things that come into play when calculating the price you pay for auto insurance. If you know what determines base rates, this allows you to make good choices that can help you get lower rates. Lots of factors are used in the calculation when quoting car insurance. Some are pretty understandable like an MVR report, although others are not as apparent such as your marital status or your financial responsibility.
The factors shown below are a partial list of the pieces used by your company to calculate premiums.
High performance vehicles cost more to insure – The performance level of the car, truck or SUV you need insurance for makes a significant difference in your car insurance bill. The most favorable rates are generally reserved for lower performance four cylinder passenger cars, but the final cost of insurance is determined by many other factors.
The data below uses these variables: married male driver age 50, full coverage with $500 deductibles, and no discounts or violations. It illustrates Lexus GS 450h policy rates compared to other makes and models that have a range of risk factors.
Buy a safe car and pay less – Cars with high safety ratings get lower rates. The safest vehicles protect occupants better and fewer injuries means your insurance company pays less which can mean better rates for you. If the Lexus GS 450h is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
Gender is a factor – Statistics show that women are safer drivers than men. The data does not necessarily mean that women are BETTER drivers than men. Women and men are in at-fault accidents at about the same rate, but men cause more damage. In addition to higher claims, males also receive more costly citations like DUI and reckless driving.
The information below compares Lexus GS 450h insurance rates for male and female drivers. The rate quotes are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, single marital status, and no other discounts are factored in.
Premiums drop with age – More experienced drivers are viewed as being more responsible, cost insurance companies less in claims, and are safer drivers. Teen drivers have been known to get distracted easily when behind the wheel so auto insurance rates are higher.
The next chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Do you qualify for a multi-policy discount? – Most major insurance companies will award a discount to policyholders who carry more than one policy such as combining an auto and homeowners policy. Even if you already get this discount, it’s in your best interest to comparison shop to verify if the discount is saving money. You may still save more without the discount by buying insurance from more than one company.
Lexus GS 450h insurance loss data – Companies take into consideration historical loss data for every vehicle when setting premium rates. Vehicles that the statistics show to have a trend towards higher claims will have higher premium rates.
The data below shows the actual insurance loss data for Lexus GS 450h vehicles. For each insurance policy coverage type, the statistical loss for all vehicles compiled together is equal to 100. Values that are below 100 represent a good loss history, while numbers shown that are more than 100 indicate a higher chance of having a claim or an increased chance of a larger loss.
| Specific Lexus 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
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Rate information and statistics
The price information displayed next covers estimates of coverage costs for Lexus GS 450h models. Learning a little about how auto insurance premiums are established is important to be able to make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $298 | $648 | $306 | $18 | $92 | $1,362 | $114 |
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in Portland location which can lower or raise auto insurance rates significantly.
The diagram below shows how choosing a deductible and can change Lexus GS 450h yearly insurance costs for different categories of driver ages. The rate quotes are based on a married male driver, full coverage, and no discounts are factored in.
How careless driving impacts Portland car insurance rates
The information below shows how traffic citations and fender-benders can impact Lexus GS 450h insurance rates for different age groups of insureds. The data is based on a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
Do you qualify for discounts on Lexus GS 450h insurance in Portland?
Insurance can cost an arm and a leg, but you might already qualify for some discounts that could drop your premiums quite a bit. Certain discounts will be triggered automatically when you quote, but occasionally some discounts must be inquired about prior to getting the savings.
- Save with More Vehicles Insured – Buying coverage for primary and secondary vehicles with the same company can reduce rates for all insured vehicles.
- Good Drivers – Insureds without accidents can get discounts for up to 45% lower rates compared to rates paid by drivers with frequent claims.
- Payment Method – By paying your policy upfront as opposed to paying monthly you could save 5% or more.
- Government Employee Discount – Federal government employees can save as much as 8% with select insurance companies.
- E-sign – Many insurance companies will provide an incentive for completing your application on your computer.
- 55 and Retired – Drivers that qualify as senior citizens may be able to get better auto insurance rates.
- Discount for Multiple Policies – When you combine your homeowners and auto insurance with the same insurance company you will save 10% to 20% off each policy.
You should keep in mind that some of the credits will not apply to the entire cost. Most only cut the price of certain insurance coverages like medical payments or collision. Despite the fact that it seems like you could get a free auto insurance policy, it’s just not the way it works.
The chart below shows the comparison of Lexus GS 450h auto insurance costs with and without discounts applied. The rates are based on a male driver, no driving violations, no at-fault accidents, Oregon state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-policy, homeowner, safe-driver, and multi-car discounts applied.
A partial list of companies who may offer these money-saving discounts may include but are not limited to:
Before buying, ask each company which credits you are entitled to. Some discounts listed above might not be offered in Portland. If you would like to view providers that can offer you the previously mentioned discounts in Portland, click here.
Best car insurance company in Portland
Choosing the highest-rated insurer is hard considering how many different companies insure vehicles in Oregon. The company information listed below may help you choose which car insurance providers to look at when shopping around.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
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Data Source: Insure.com Best Car Insurance Companies
Be persistent to save money
When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. There are a lot of situations where an accident victim reduced uninsured motorist or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. Your goal is to buy the best coverage you can find at the best cost while still protecting your assets.
You just learned some good ideas how to get a better price on Lexus GS 450h insurance in Portland. The most important thing to understand is the more quotes you get, the better your chances of lowering your premium rates. Drivers may even discover the best auto insurance rates are with some of the lesser-known companies. Smaller companies often have lower premium rates on specific markets than their larger competitors like State Farm, GEICO and Nationwide.
Additional information can be read at the links below
- Cellphones, Texting and Driving (iihs.org)
- Who Has Affordable Auto Insurance for a Chevrolet Equinox in Portland? (FAQ)
- Bodily Injury Coverage (Liberty Mutual)
- Senior Drivers (Insurance Information Institute)