How many times have you told yourself to find lower-priced Lexus GS 450h insurance in Houston? When trying to find more affordable insurance, are you intimidated by the sheer number of car insurance choices in Houston? You’re not alone. There are so many choices that it can quickly become a difficult mission to lower your car insurance rates for Lexus GS 450h insurance in Houston. Everyone knows Houston has many things to offer, but pricey car insurance can make it hard for many residents to maintain proper levels of coverage.
Unbelievably, almost 70% of drivers in Texas kept buying from the same company for at least the last four years, and roughly 40% of drivers have never shopped around. American consumers can cut their rates by about 47% a year, but they just don’t understand the amount of money they would save if they swap their current policy for a cheaper one.
It is always a good idea to get comparison quotes periodically since insurance prices are adjusted regularly by insurance companies. Just because you had the lowest rate on Lexus GS 450h insurance in Houston at your last renewal you may be paying too much now. Forget all the misinformation about car insurance because you’re about to learn one of the best ways to reduce your cost while improving coverage.
Buying the cheapest car insurance in Houston is actually very simple if you learn how to start. Basically, every driver who needs lower cost car insurance stands a good chance to buy a cheaper policy. But Texas drivers do need to understand how the larger insurance companies price insurance differently and take advantage of how the system works.
Auto insurance providers offering competitive prices in Texas
The companies shown below can provide quotes in Houston, TX. If multiple companies are shown, we suggest you click on several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|GS 450H Hybrid||$216||$470||$400||$24||$120||$1,230||$103|
|Get Your Own Custom Quote Go|
Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium costs do not factor in Houston location which can alter price quotes significantly.
Premiums by gender and age
The illustration below illustrates the difference between Lexus GS 450h premium costs for male and female drivers. The data is based on no claims or driving citations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied.
Does full coverage make sense?
The example below shows the difference between Lexus GS 450h auto insurance rates with and without full coverage. The costs are based on no accidents or driving violations, $500 deductibles, single female driver, and no discounts are applied.
When to stop paying for full coverage
There is no definitive guideline to drop comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s assume your Lexus GS 450h claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying your policy deductible. If you are paying in excess of $800 annually for full coverage, then you might consider buying liability only.
There are some cases where dropping physical damage coverage is not a good plan. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Take advantage of these premium slashing discounts
Some providers don’t always advertise every discount available very well, so we break down some of the more common and the more hidden ways to save on auto insurance.
- Passive Restraints and Air Bags – Vehicles equipped with air bags may earn rate discounts of 20% or more.
- Student in College – College-age children who attend college more than 100 miles from Houston and do not take a car to college may qualify for this discount.
- Online Discount – Some of the larger companies will provide an incentive for buying a policy and signing up digitally online.
- Multi-car Discount – Buying insurance for multiple vehicles with one company can reduce the rates for all insured vehicles.
- Student Discount for Driver Training – Have your child take driver’s ed class as it can save substantially.
- No Charge for an Accident – Not really a discount, but a few companies such as GEICO, Allstate and Liberty Mutual will turn a blind eye to one accident before hitting you with a surcharge if you are claim-free for a specific time period.
- Anti-lock Brake Discount – Anti-lock brake equipped vehicles are much safer to drive and qualify for as much as a 10% discount.
- Own a Home – Owning your own home or condo can earn you a little savings because it requires personal responsibility.
- Discounts for Government Workers – Active or former government employment can save as much as 8% but check with your company.
Don’t be surprised that most credits do not apply to the entire policy premium. Most cut the cost of specific coverages such as collision or personal injury protection. Just because it seems like you could get a free auto insurance policy, that’s just not realistic.
A partial list of companies that may have some of the discounts shown above are:
When getting a coverage quote, ask each company to give you their best rates. Discounts may not apply in your area. To locate insurance companies that offer multiple discounts in Houston, click here.
The Lexus GS 450h Insurance Premium Equation
Multiple criteria are taken into consideration when quoting car insurance. Some factors are common sense such as traffic violations, but some are more transparent such as your marital status or your vehicle rating. The best way to find cheaper auto insurance is to take a look at the factors that help determine your policy premiums. When consumers understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in better auto insurance rates.
Credit rating impact auto insurance premiums – Your credit score can be an important factor in determining what you pay. People that have excellent credit scores tend to be more responsible and file fewer claims than those with lower ratings. So if your credit can be improved, you could pay less to insure your Lexus GS 450h by taking the time to improve your credit score.
Pay more if you have a long commute – Choosing to live in areas with lower population is a good thing when trying to find low car insurance rates. Drivers in populated areas tend to have traffic congestion and longer commute times. Less people living in that area translates into fewer accident claims as well as less vandalism and auto theft.
Why do you need liability insurance? – The liability coverage on your policy provides coverage if ever you are found liable for physical damage or personal injury to other. It will provide you with a defense in court which can cost thousands of dollars. It is affordable coverage when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
Safety ratings are a factor – Cars with high safety ratings are cheaper to insure. Safe vehicles reduce injuries and fewer serious injuries translates directly to fewer claims which can result in lower premiums. If your Lexus scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
Premiums may be lower depending on your occupation – Did you know your job can affect your rates? Occupations like judges, architects and accountants tend to have the highest average rates attributed to intense work requirements and lots of time spent at work. Other careers such as farmers, athletes and the unemployed pay lower than average rates.
Being married pays dividends – Your spouse can get you a discount on your auto insurance policy. It usually means you are more mature and it’s proven that married drivers get in fewer accidents.
What type of car, truck or SUV do you drive? – The performance level of the car, truck or SUV you need to insure makes a big difference in your car insurance bill. The most favorable rates are generally reserved for low performance passenger cars, but the cost you end up paying is determined by many additional factors. Because the Lexus GS 450h is classified as a luxury sedan, rates will be more than the average rate where you live in Houston.
Auto insurance rates and age – Older, more experienced drivers are more cautious drivers, cause fewer claims and accidents, and get fewer tickets.Inexperience drivers tend to be inattentive when driving with friends so they pay higher auto insurance rates.
Lexus GS 450h claim probability – Companies factor in historical loss data when they file their rates in each state. Vehicles that the statistics show to have higher prevalence or dollar amount of losses will have a higher cost to insure. The table below demonstrates the collected loss data for Lexus GS 450h vehicles.
For each coverage category, the loss probability for all vehicles, regardless of manufacturer or model, is a value of 100. Percentage values below 100 indicate a favorable loss history, while values that are 100 or greater point to more losses or tendency to have larger claims.
Lexus GS 450h Insurance Loss Statistics
|Vehicle 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
Statistics from IIHS.org for 2013-2015 Model Years
Buying car insurance from Houston insurance agencies
Some people would rather get advice from a local agent and that is OK! The biggest benefit of getting free rate quotes online is that drivers can save money and get cheaper prices and also buy local.
To make it easy to find an agent, after completing this simple form, your information is instantly submitted to participating agents in Houston who will give competitive quotes and help you find cheaper coverage. It makes it easy because there is no need to search for any insurance agencies since price quotes are sent instantly to you. You can find better rates and a licensed agent to talk to. If for some reason you want to get a price quote for a specific company, just find their quoting web page and complete a quote there.
Deciding on an insurance company should depend on more than just the bottom line cost. Any agent in Houston should be forthright in answering these questions:
- Are they paid to recommend certain coverages?
- Do the coverages you’re quoting properly cover your vehicle?
- If your car is totalled, how to they determine the replacement cost?
- When do they do a full risk review?
- Does the agency provide any after hours assistance?
Shown below is a short list of insurance companies in Houston that may be able to provide price quote information for Lexus GS 450h insurance in Houston.
- Texas Prime Insurance Agency, LLC
6750 West Loop S #430 – Bellaire, TX 77401 – (713) 750-9000 – View Map
- Hotchkiss Insurance Agency
13430 Northwest Fwy #600 – Houston, TX 77040 – (713) 956-9800 – View Map
- Kingspoint Insurance Agency, Inc.
11200 Westheimer Rd #850 – Houston, TX 77042 – (713) 850-1660 – View Map
- Joy Knox State Farm Insurance Agency
1510 Eldridge Pkwy #108 – Houston, TX 77077 – (281) 759-4300 – View Map
Auto insurance buyers beware
Auto insurance providers like Allstate, GEICO and Progressive regularly use ads on TV and radio. All the companies try to convey promises of big savings if you switch to their company. But how can every company charge less that you’re paying now? This is the trick they use.
Insurance companies have a preferred profile for a prospective insured that makes them money. A good example of a driver they prefer may be over age 30, has never had a claim, and drives less than 5,000 miles a year. A customer getting a price quote that matches those criteria will get a cheap rate quote in Houston and have a good chance to save quite a bit of money when switching.
Consumers who don’t meet these standards will see a higher premium which usually ends up with the prospect going elsewhere. The ads say “customers that switch” not “everybody who quotes” save money. This is how insurance companies can advertise the way they do. This really illustrates why drivers should quote coverage with many companies. It’s just too difficult to predict the company that will have better rates than you’re paying now.
Cheap coverage is out there
Drivers who switch companies do it for any number of reasons including questionable increases in premium, not issuing a premium refund, poor customer service and delays in responding to claim requests. No matter why you want to switch, switching companies can be easy and end up saving you some money.
Low-cost Lexus GS 450h insurance in Houston can be bought both online and from local insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance providers may not offer online quoting and these smaller companies work with local independent agencies.
We just covered a lot of information how to lower your Lexus GS 450h insurance car insurance rates in Houston. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding affordable Houston auto insurance quotes. You may even discover the best price on auto insurance is with a smaller regional carrier.
More detailed auto insurance information can be read at these sites: