Best Ways to Save on Riverside Lexus LS 460 Insurance

It’s safe to assume that car insurance companies don’t want you shop around. People who perform rate comparisons are inclined to switch auto insurance companies because there is a high probability of finding lower rate quotes. Surprisingly, a recent survey revealed that drivers who made a habit of comparing rate quotes saved an average of $865 annually compared to those who don’t make a habit of comparing rates.

If finding the lowest rates on insurance is your ultimate objective, then having an understanding of how to compare coverages can make the process less intimidating.

Insurance for Lexus LS 460The most effective way to find more affordable Lexus LS 460 insurance in Riverside is to regularly compare quotes from different companies that insure vehicles in California.

An important note is that you’ll want to make sure you compare identical limits and deductibles on every quote and and to get price quotes from every insurance company. Doing this ensures a fair price comparison and the best price selection.

If you’re already insured, you will surely be able to lower your rates using these methods. Comparison shopping for affordable insurance policy in Riverside is simple if you know the tricks. But California drivers must learn the way companies price online insurance and use it to find better rates.

What Impacts Lexus LS 460 Insurance Rates?

Many different elements are part of the equation when you get your auto insurance bill. Most are fairly basic like an MVR report, but some are not quite as obvious like your vehicle usage or how safe your car is.

The following are some of the things companies use to determine rates.

Premiums are lower the older you get – Inexperience drivers tend to be inattentive and easily distracted in a vehicle therefore insurance rates are much higher. More experienced drivers tend to be more responsible, cost insurance companies less in claims, and receive fewer citations.

The chart below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

How much liability insurance – Liability insurance is the protection if ever you are found to be at fault for personal injury or accident damage. Liability provides legal defense starting from day one. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.

Your location is important – Residing in smaller towns and rural areas of the country can be a good thing when buying insurance. People in densely populated areas tend to have congested traffic and much longer commute distances. Fewer people means a lower chance of having an accident and lower theft and vandalism rates.

Physical damage deductibles – The deductibles you choose define how much you are required to spend out-of-pocket if a claim is determined to be covered. Insurance for physical damage, also called comprehensive and collision insurance, is used to repair damage to your car. Some coverage claims are collision with another vehicle, collision with a deer, or theft of your vehicle. The more money the insured has to pay upfront, the less money you will pay for insurance.

Car and home together may be cheaper – Most larger companies will give a discount to people that purchase more than one policy in the form of a multi-policy discount. Even with this discount, consumers should still compare other company rates to ensure the best deal.There is a chance you can find lower rates by buying insurance from more than one company.

Driving citations hurt – Even one ticket can bump up the cost twenty percent or more. Drivers who don’t get tickets pay lower auto insurance prices as compared to careless drivers. Drivers who have multiple citations like hit and run, DWI or reckless driving convictions may be required to complete a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.

The diagram below demonstrates how citations and accident claims raise Lexus LS 460 premium costs for different insured age categories. The data assumes a single male driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.

The type of car makes a difference – The performance level of the vehicle you are buying insurance for makes a huge difference in determining your rates. The lowest premiums tend to be for lower performance four cylinder passenger cars, but your final cost has many other factors.

The next chart assumes a married female driver age 30, full coverage with $250 deductibles, and no discounts or violations. It shows Lexus LS 460 rates compared to other models of vehicles that have different risk factors.

Premiums are affected by your credit score – Having a good credit score will be a significant factor in determining what you pay for insurance. Drivers with good credit tend to be better drivers and file fewer claims than drivers who have poor credit. So if your credit rating leaves room for improvement, you could save money insuring your Lexus LS 460 if you improve your credit rating.

Insurance losses for a Lexus LS 460 – Insurers analyze the history of losses when they set coverage costs for each model. Vehicles that tend to have increased claim numbers or amounts will cost more for coverage.

The table below demonstrates the insurance loss data used by companies for Lexus LS 460 vehicles. For each policy coverage, the claim probability for all vehicles combined as an average is a value of 100. Numbers under 100 imply a favorable loss record, while values that are above 100 indicate higher probability of having a loss or an increased likelihood of larger losses.

Lexus LS 460 Insurance Loss Statistics
Specific Lexus 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 from for 2013-2015 Model Years

Lexus LS 460 insurance statistics and information

The information shown below highlights a range of insurance prices for Lexus LS 460 models. Understanding more about how policy premiums are established can aid in making smart choices when comparing insurance rates.

Lexus LS 460 Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LS 460 4-Dr Sedan $502 $966 $384 $22 $114 $1,988 $166
LS 460 4-Dr Sedan $502 $966 $384 $22 $114 $1,988 $166
LS 460 AWD 4-Dr $502 $966 $384 $22 $114 $1,988 $166
LS 460 L 4-Dr Sedan $502 $966 $384 $22 $114 $1,988 $166
LS 460 L AWD 4-Dr $502 $966 $384 $22 $114 $1,988 $166
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price information does not factor in specific garaging location which can change rates noticeably.

Where to set your deductibles

One of the more difficult decisions when buying auto insurance is which deductible level should you buy. The rates shown below illustrate the differences in premium rates when you choose different comp and collision deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second rate table uses a $500 deductible.

Lexus LS 460 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LS 460 4-Dr Sedan $576 $1176 $376 $22 $112 $2,287 $191
LS 460 4-Dr Sedan $576 $1176 $376 $22 $112 $2,287 $191
LS 460 AWD 4-Dr $576 $1176 $376 $22 $112 $2,287 $191
LS 460 L 4-Dr Sedan $576 $1176 $376 $22 $112 $2,287 $191
LS 460 L AWD 4-Dr $576 $1176 $376 $22 $112 $2,287 $191
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Lexus LS 460 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LS 460 4-Dr Sedan $420 $794 $376 $22 $112 $1,724 $144
LS 460 4-Dr Sedan $420 $794 $376 $22 $112 $1,724 $144
LS 460 AWD 4-Dr $420 $794 $376 $22 $112 $1,724 $144
LS 460 L 4-Dr Sedan $420 $794 $376 $22 $112 $1,724 $144
LS 460 L AWD 4-Dr $420 $794 $376 $22 $112 $1,724 $144
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can modify insurance rates substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $47 more each month or $564 annually across all Lexus LS 460 models than requesting the higher $500 deductible. Because you would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at least 9 months between claim filings, you would most likely save money if you opt for a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $191
Average monthly premium for $500 deductibles (subtract): – $144
Monthly savings from raising deductible: $47
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $47
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 9 months

The information below demonstrates how deductibles and can influence Lexus LS 460 yearly insurance costs for each different age category. The premium estimates are based on a married female driver, full physical damage coverage, and no discounts are applied.

Lexus LS 460 insurance costs by gender and age

The diagram below compares Lexus LS 460 auto insurance rates for male and female drivers. The premiums assume a clean driving record, no at-fault accidents, full coverage, $100 deductibles, drivers are single, and no discounts are applied.

Cheaper Lexus LS 460 insurance in Riverside

Properly insuring your vehicles can get expensive, but there could be available discounts that may help make it more affordable. Most are applied when you complete an application, but a few must be inquired about before you get the savings.Car insurance discounts

It’s important to note that most credits do not apply to the entire policy premium. Some only apply to the cost of specific coverages such as comprehensive or collision. Just because you may think all the discounts add up to a free policy, you won’t be that lucky.

The information below visualizes the comparison of Lexus LS 460 car insurance costs with and without discounts applied. The prices are based on a female driver, no accidents or driving violations, California 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 safe-driver, homeowner, marriage, multi-car, multi-policy, and claim-free discounts applied.

Larger car insurance companies and some of the premium reductions they offer are detailed below.

When getting free Riverside car insurance quotes, it’s a good idea to each insurance company what discounts are available to you. Some discounts might not be offered on policies in Riverside. To choose providers with significant discounts in Riverside, click here.

Best car insurance company in Riverside

Picking the highest-rated insurance company is hard considering how many companies there are to choose from in California. The information shown below could help you analyze which auto insurance companies to look at when shopping your coverage around.

Riverside, California 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
AAA of Southern California 91 94 97 92% A+ 94.1
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
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies

How much can you save?

When searching for inexpensive Riverside car insurance quotes, never reduce needed coverages to save money. In many cases, an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage at the best price but still have enough coverage for asset protection.

Throughout this article, we presented a lot of techniques to find cheap Lexus LS 460 insurance in Riverside. The key concept to understand is the more companies you get rates for, the better your comparison will be. Consumers could even find that the lowest priced auto insurance comes from the least-expected company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive and GEICO.

Additional detailed information can be read in the articles below: