How to Compare Portland Lexus GS 450h Insurance

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.

Insurance for Lexus GS 450hTo 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.

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.

Car Insurance Loss Data for Lexus GS 450h Models
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: (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.

Lexus GS 450h Insurance Rates in Portland, OR
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.Cheaper auto insurance with discounts

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.

Portland, Oregon Car Insurance Company Rankings
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: 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.

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