2016 Lexus GX 460 Car Insurance Rates

Getting the lowest cost insurance coverage over the internet may seem to be somewhat intimidating for people who are beginners to quoting and comparing rates online. With such a big selection of agents and companies competing online, how can anyone effectively compare every insurance coverage company to find the best available price?

Buy car insurance online

There are multiple methods to compare car insurance prices but one way is more efficient than others. You can waste hours talking to local insurance agents in your area, or you could save time and use online quoting to maximize your effort.

Many companies participate in an industry program where prospective buyers enter their coverage request one time, and at least one company returns a competitive quote for coverage. This saves time by eliminating quote requests to each company.

To find out what other companies charge click here (opens in new window).

The only downside to using this type of system is you cannot specify the insurers to get pricing from. So if you want to select specific providers to receive pricing from, we put together a list of companies who write car insurance in your area. Click to view list.

Compare rates however you want, just try to use exactly the same coverages and limits on every quote. If you enter different limits and deductibles on each one you will not be able to truly determine the lowest rate. Just a small difference in insurance coverages or limits can result in a big premium difference. And when price shopping your coverage, more quotes gives you a better chance of getting better pricing. Not every company allows you to get quotes online, so it’s necessary to compare quotes from them, too.

Informed drivers know how to get auto insurance more affordably

Part of the auto insurance buying process is learning the factors that help calculate the price you pay for auto insurance. When consumers understand what determines base rates, this enables you to make decisions that could help you find cheaper rates. Lots of things are part of the calculation when quoting car insurance. Some are pretty understandable like a motor vehicle report, but other criteria are less obvious like your continuous coverage or your vehicle rating.

The items below are just a few of the factors auto insurance companies consider when setting your rates.

  • Gender and auto insurance – Statistics show that women are safer drivers than men. This data doesn’t prove that women are better drivers. Men and women are in at-fault accidents in similar percentages, but the male of the species have costlier accidents. Not only are claims higher, but men get higher numbers of serious violations like driving under the influence (DUI).
  • Limits of liability – The liability coverage on your policy is the protection in the event that you are determined to be liable for damages caused by your negligence. It will provide legal defense coverage which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Youthful drivers cost more – Young drivers are statistically shown to be inattentive behind the wheel therefore auto insurance rates are much higher. Older, more experienced drivers are proven to be safer behind the wheel, tend to cause fewer accidents and get fewer tickets.
  • Big cities have higher costs – Being located in a rural area is a positive aspect when shopping for auto insurance. Fewer people translates into fewer accidents and a lower car theft rate. City drivers have more road rage incidents and higher rates of accident claims. Longer commute distances can result in more accidents.
  • Rate your vehicle for proper use – Driving a lot of miles annually the more you’ll pay to insure your vehicle. Most insurance companies apply a rate determined by how the vehicle is used. Autos left parked in the garage get more affordable rates than those that get driven frequently. It’s a good idea to make sure your auto insurance coverage is rated on how each vehicle is driven. Having the wrong rating on your GX 460 is throwing money out the window.
  • Having a spouse equates to better prices – Walking down the aisle may save some money on your auto insurance bill. It may mean you are more financially stable and insurance companies like that drivers who are married file infrequent claims.
  • Safety first – Vehicles with high crash test scores cost less to insure. These vehicles protect occupants better and reduced instances of injuries means less claims paid and cheaper rates on your policy.

Verify you’re getting every discount

The price of auto insurance can be rather high, but there are discounts available that could drop your premiums quite a bit. A few discounts will be applied when you quote, but less common discounts must be specifically requested before you get the savings. If you do not check that you are getting every discount possible, you’re just leaving money on the table.

  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to use a seat belt can save a little on the premium charged for medical payments and/or PIP.
  • Discounts for Government Workers – Having worked for a branch of the government may qualify for a discount when you quote car insurance on GX 460 insurance depending on your insurance provider.
  • Drive Less and Save – Low mileage vehicles could earn cheaper prices.
  • Good Students Pay Less – Performing well in school could provide a savings of up to 20% or more. Most companies allow this discount until age 25.
  • Driver’s Education for Students – Cut your cost by having your teen driver enroll and complete driver’s education in school or through a local driver safety program.
  • Discount for Life Insurance – Select insurance companies reward you with a discounted rate on car insurance if you buy a life policy as well.
  • Responsible Driver Discount – Drivers who don’t get into accidents could pay up to 40% less on GX 460 insurance than drivers with accidents.

Remember that some of the credits will not apply to the entire policy premium. Most only reduce specific coverage prices like comp or med pay. Despite the appearance that you can get free auto insurance, insurance companies wouldn’t stay in business.

Larger insurance companies and a selection of discounts are shown below.

  • Geico includes discounts for military active duty, anti-theft, emergency military deployment, defensive driver, good student, and daytime running lights.
  • Travelers offers discounts for multi-policy, good student, new car, home ownership, hybrid/electric vehicle, student away at school, and driver training.
  • Farm Bureau may include discounts for 55 and retired, multi-vehicle, safe driver, youthful driver, renewal discount, good student, and multi-policy.
  • Liberty Mutual may offer discounts for multi-car, hybrid vehicle, multi-policy, preferred payment discount, good student, and new move discount.
  • American Family discounts include good driver, accident-free, good student, multi-vehicle, and air bags.
  • Progressive may have discounts that include good student, continuous coverage, online signing, multi-vehicle, homeowner, and online quote discount.

If you are trying to find cheaper car insurance quotes, ask all companies you are considering the best way to save money. Some of the discounts discussed earlier might not be offered on policies in your area. If you would like to choose from a list of insurers that offer many of these discounts, follow this link.

When should I discuss my situation with an agent?

When it comes to choosing proper insurance coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that could help you determine if your insurance needs would benefit from an agent’s advice.

  • Am I missing any policy discounts?
  • Do I have coverage when pulling a U-Haul trailer?
  • Am I covered when driving in Canada or Mexico?
  • How high should deductibles be on a 2016 Lexus GX 460?
  • Does having multiple vehicles earn me a discount?
  • Am I better off with higher deductibles on my 2016 Lexus GX 460?
  • Why am I required to get a high-risk car insurance policy?
  • Is my teen driver covered when they drive my company car?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form.

Coverages available on your insurance policy

Understanding the coverages of a insurance policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus GX 460.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as fire damage, damage from a tornado or hurricane, hitting a deer, falling objects and rock chips in glass. The highest amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverages

Liability insurance will cover damage that occurs to people or other property by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims such as loss of income, bail bonds and pain and suffering. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.

Collision protection

Collision coverage pays for damage to your GX 460 resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like colliding with a tree, scraping a guard rail, crashing into a ditch, sustaining damage from a pot hole and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Medical costs insurance

Coverage for medical payments and/or PIP pay for bills for surgery, rehabilitation expenses, ambulance fees, dental work and pain medications. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Have money to burn

You just learned a lot of tips how to compare 2016 Lexus GX 460 insurance prices online. It’s most important to understand that the more you quote car insurance, the higher the chance of saving money. You may even discover the biggest savings come from the smaller companies.

People leave their current company for a number of reasons such as high prices, delays in responding to claim requests, extreme rates for teen drivers and even not issuing a premium refund. It doesn’t matter what your reason, finding a great new company is less work than it seems.

As you prepare to switch companies, make sure you don’t skimp on coverage in order to save money. There have been many cases where an insured cut full coverage to discover at claim time that the small savings ended up costing them much more. Your strategy should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.

Helpful resources