How long has it been since you compared quotes for low-cost Lexus LS 460 insurance in San Diego? Wish you could get out of high-priced Lexus LS 460 insurance in San Diego? You’re preaching to the choir because there are many San Diego drivers thinking the same thing.
A recent car insurance study revealed that most car insurance buyers kept their policy with the same company for at least four years, and approximately 40% of consumers have never compared rates to find affordable insurance. California drivers could save an average of $500 each year by just comparing quotes, but they think it’s difficult to compare rates and save money. Many insurance companies vie for your business, so it can be very hard to choose a provider and get the definite best price available on Lexus LS 460 insurance in San Diego.
If you’re already insured or are shopping for new coverage, use these cost-cutting techniques to reduce premiums without sacrificing coverage. Locating the best rates in San Diego can initially seem challenging. Drivers just have to use how to shop from many different companies.
Why Smart Buyers Pay Less for Lexus LS 460 Insurance
When buying auto insurance it’s important to understand the factors that go into determining your premiums. When you understand what influences your rates, this enables you to make decisions that can earn you lower auto insurance prices.
Safety first – Safe vehicles are cheaper to insure. Vehicles engineered for safety protect occupants better and reduced instances of injuries means less claims paid and lower rates for you.
Lower rates by increasing comp and collision deductibles – Comp and collision deductibles define the amount you are willing to pay if you file a covered claim. Physical damage protection, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of covered claims are rearending another vehicle, hail damage, and damage from wind. The higher the amount you are required to pay out-of-pocket, the lower your rates will be.
Extra policy coverages that aren’t used – There are a lot of extra bells and whistles you can purchase on your auto insurance policy. Add-on coverages like rental car reimbursement, towing, and motor club memberships may not be needed and are just wasting money. They may seem good when deciding what coverages you need, but if you’ve never needed them in the past eliminate them to save money.
Liability protection is critical – Liability coverage is the protection when you are responsible for personal injury or accident damage. It will provide for a legal defense to attempt to prove you were not liable. It is affordable coverage compared to other policy coverages, so buy as much as you can afford.
Poor credit decisions can cost you – Having a good credit rating is a big factor in your rate calculation. Drivers who have high credit scores tend to be better risks to insure than those with lower credit ratings. If your credit score leaves room for improvement, you may save money insuring your Lexus LS 460 by taking the time to improve your credit score.
Use but don’t abuse your insurance – Insurance companies in California award the best rates to people who do not rely on their insurance for small claims. If you are the type of insured that files lots of claims you can expect much higher rates or policy non-renewal. Your insurance policy is intended to be relied upon for more catastrophic claims.
More performance means higher costs – The performance of the car you are insuring makes a big difference in determining your rates. Due to the fact that the Lexus LS 460 falls in the luxury sedan class, rates will be more than the average rate where you live in San Diego. Lower cost passenger models usually have the lowest rates, but the final cost of insurance is determined by many other factors.
Lexus LS 460 claim data – Insurers factor in historical loss data when setting rates for each model. Vehicles that are shown to have high amounts or severity of claims will cost more for specific coverages. The information below illustrates the insurance loss data used by companies for Lexus LS 460 vehicles.
For each coverage category, the loss probability for all vehicles, as an average, is considered to be 100. Numbers below 100 indicate better than average losses, while values that are 100 or greater point to more frequent losses or an increased likelihood of larger losses.
Lexus LS 460 Insurance Claim Statistics
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lexus LS 460 4dr 2WD | 155 | 76 | 203 | 52 | ||
| Lexus LS 460 4dr 4WD | 207 | 102 | 239 | 62 | ||
| Lexus LS 460 L 4dr 2WD | 199 | |||||
| Lexus LS 460 L 4dr 4WD | 251 | 324 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The companies shown below provide price comparisons in California. If the list has multiple companies, we suggest you visit several of them to get the most affordable price.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LS 460 4-Dr Sedan | $412 | $914 | $454 | $26 | $136 | $1,942 | $162 |
| LS 460 4-Dr Sedan | $404 | $838 | $360 | $22 | $108 | $1,732 | $144 |
| LS 460 AWD 4-Dr | $412 | $914 | $454 | $26 | $136 | $1,942 | $162 |
| LS 460 L 4-Dr Sedan | $306 | $700 | $488 | $28 | $146 | $1,668 | $139 |
| LS 460 L AWD 4-Dr | $496 | $1152 | $394 | $24 | $118 | $2,184 | $182 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Premium amounts do not factor in specific zip code location which can impact insurance rates greatly.
Premiums by gender and age
The chart below compares Lexus LS 460 premium costs for male and female drivers. The rates are based on no violations or accidents, comp and collision included, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
Does it make sense to buy full coverage?
The chart below shows the comparison of Lexus LS 460 yearly insurance costs with full physical damage coverage and with liability coverage only. The rates are based on no claims, a clean driving record, $1,000 deductibles, married female driver, and no discounts are applied.
When to switch to liability coverage only
There is no definitive rule of when to exclude full coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s assume your Lexus LS 460 claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after paying your policy deductible. If premium cost is more than $700 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where only buying liability is not in your best interest. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Save $442 a year! What?
California consumers can’t ignore all the ads that claim the cheapest premium rates by Progressive, GEICO, Allstate and State Farm. All the ads convey the message that people will save just by moving your insurance policy to them.
How is it plausible that every one can charge lower premium rates? You have to listen carefully.
Insurance providers have specific criteria for the type of customer that earns them the highest profit. For instance, this type of driver might be described as over the age of 35, has no claims, and does not commute to work. Any customer that fits those parameters will get very good San Diego rates and as a result will probably save money with a new company.
People who don’t meet this ideal profile will be charged higher premium rates and business not being written. If you listen to the ad wording, they say “customers who switch” not “everyone who quotes” save that much money. That’s why insurance companies can advertise the way they do.
This really illustrates why drivers should do a rate comparison at every renewal. It’s just not possible to know the company that will be your best fit.
Why you need auto insurance
Even though San Diego LS 460 insurance rates can get expensive, insuring your vehicle serves an important purpose.
- Almost all states have minimum mandated liability insurance limits which means the state requires a minimum amount of liability protection if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your Lexus, it’s guaranteed your bank will make it mandatory that you have full coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender will be forced to insure your Lexus at a more expensive rate and force you to pay for the much more expensive policy.
- Insurance protects not only your vehicle but also your assets. It also can pay for all forms of medical expenses that are the result of an accident. Liability insurance will also pay for a defense attorney if you cause an accident and are sued. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of having insurance more than cancel out the cost, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer is wasting up to $869 every year so compare quotes from several companies at every policy renewal to save money.
Get cheaper Lexus LS 460 insurance in San Diego with discounts
The price of auto insurance can be rather high, but you might be missing out on some discounts that you may not know about. Some trigger automatically at the time of purchase, but some may not be applied and must be specifically requested before they will apply.
- Multi-Vehicle Discounts – Having several vehicles with the same company could earn a price break for each car.
- Active Service Discounts – Being deployed with a military unit can result in better auto insurance rates.
- Seat Belts Save – Using a seat belt and requiring all passengers to fasten their seat belts could save 15% on medical payment and PIP coverage.
- Bundled Policy Discount – When you combine your auto and homeowners insurance with the same company you will save up to 20% and get you the cheapest Lexus LS 460 insurance in San Diego.
- Good Student – Maintaining excellent grades can earn a discount of 20% or more. You can use this discount normally until age 25.
- Pay Upfront and Save – By paying your policy upfront as opposed to paying monthly you can avoid monthly service charges.
Don’t be surprised that most credits do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. Even though it may seem like adding up those discounts means a free policy, company stockholders wouldn’t be very happy. Any qualifying discounts should definitely cut your overall bill.
A list of companies and some of the premium reductions they offer are outlined below.
- State Farm has discounts for Steer Clear safe driver discount, accident-free, multiple policy, multiple autos, driver’s education, and good driver.
- GEICO discounts include driver training, multi-vehicle, good student, military active duty, air bags, anti-lock brakes, and five-year accident-free.
- SAFECO includes discounts for anti-lock brakes, teen safe driver, drive less, teen safety rewards, anti-theft, and accident prevention training.
- Farmers Insurance may include discounts for youthful driver, multi-car, bundle discounts, mature driver, good student, and pay in full.
- AAA may have discounts that include education and occupation, anti-theft, multi-policy, pay-in-full, AAA membership discount, and good student.
- USAA has savings for safe driver, defensive driver, vehicle storage, military installation, family discount, driver training, and new vehicle.
Before you buy a policy, ask all the companies which credits you are entitled to. Savings may not be offered in San Diego. To view companies with significant discounts in California, click this link.
Neighborhood San Diego auto insurance agents
Some people just prefer to sit down and talk to an agent and we recommend doing that Experienced insurance agents can help you choose the best coverages and help in the event of a claim. One of the benefits of comparing rates online is you can get the lowest rates and still have a local agent. Putting coverage with neighborhood insurance agencies is definitely important in San Diego.
To help locate an agent, after submitting this quick form, your coverage information is emailed to participating agents in San Diego that can provide free San Diego auto insurance quotes for your insurance coverage. There is no need to find an agent since rate quotes are delivered to you. If you wish to get a rate quote from a specific insurance company, you just need to navigate to their website and fill out their quote form.
If you’re trying to find a reputable insurance agent or broker, it can be helpful to understand the different agency structures and how they are slightly different. Agents in San Diego are categorized either independent (non-exclusive) or exclusive. Either type can provide insurance policies, but it’s worth mentioning the subtle differences since it can impact the kind of agent you use.
Independent Insurance Agents
Independent agencies are not restricted to one company and that gives them the ability to insure through lots of different companies and find you the best rates. To transfer your coverage to a different company, your agent can switch companies which requires no work on your part. If you need lower rates, you should always get rate quotes from several independent insurance agents for maximum quote selection.
Featured below is a partial list of independent insurance agencies in San Diego that can give you free rate quotes.
Oversea Insurance Agency, Inc
1274 Scott St – San Diego, CA 92106 – (800) 266-2662 – View Map
Rubin Insurance
6363 Greenwich Dr #120 – San Diego, CA 92122 – (858) 457-5720 – View Map
ARROWHEAD General Insurance Agency, Inc.
701 B St #2100 – San Diego, CA 92101 – (619) 744-5000 – View Map
Exclusive Agencies
Agents of this type generally can only insure with one company and examples are State Farm, Allstate, and Farm Bureau. These agents are not able to provide other company’s prices so it’s a take it or leave it situation. These agents are well schooled on their products and sales techniques which helps them sell insurance even at higher premiums.
The following are exclusive agents in San Diego willing to provide price quote information.
State Farm: Tom Latsko
8680 Navajo Rd #214 – San Diego, CA 92119 – (619) 462-5701 – View Map
R J Blake – State Farm Insurance Agent
1040 University Ave B201 – San Diego, CA 92103 – (619) 681-0060 – View Map
Mike Morrell – State Farm Insurance Agent
2207 Garnet Ave a – San Diego, CA 92109 – (858) 273-3001 – View Map
Finding a good car insurance agent shouldn’t rely on just a cheap price quote. The following questions are important to ask.
- Are aftermarket or OEM parts used to repair vehicles?
- Which companies can they place coverage with?
- Do they have cheaper tiers of coverage?
- Do they have 24-hour customer assistance?
- Is the agency active in community causes in San Diego?
- Are claims handled at the agent’s location?
- Can you choose the body shop in case repairs are needed?
Upon getting good feedback to these questions in addition to an acceptable price estimate, you may have found a car insurance agent that is reliable enough to provide insurance coverage. Just remember you have the power to cancel a policy whenever you choose to so never assume you’re contractually obligated to a policy for a certain time period.
Cheaper coverage is out there
As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. There have been many cases where someone dropped uninsured motorist or liability limits only to find out they didn’t purchase enough coverage. Your goal is to buy a smart amount of coverage at the best cost while not skimping on critical coverages.
We covered many tips how you can find affordable Lexus LS 460 insurance in San Diego. The key concept to understand is the more companies you get prices for, the better likelihood of getting affordable Lexus LS 460 insurance quotes. You may even discover the lowest premium rates come from the smaller companies. These companies may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.
Other learning opportunities
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Understanding Car Crashes Video (iihs.org)
- What is a Telematics Device? (Allstate)
- How Much Auto Coverage do I Need? (Insurance Information Institute)