Compare Lexus GX 460 Insurance Rate Quotes in Cincinnati

Discount Lexus GX 460 insuranceIt takes a little time, but the best way to find cheaper car insurance rates is to compare prices at least once a year from companies that insure vehicles in Cincinnati.

  1. Take a little time to learn about policy coverages and the things you can change to keep rates down. Many policy risk factors that cause high rates like at-fault accidents and an imperfect credit score can be amended by making minor changes to your lifestyle. This article gives the details to get cheaper coverage and find available discounts that you may qualify for.
  2. Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or Allstate, while independent agents can provide price quotes for a wide range of companies. Start a quote
  3. Compare the new quotes to your existing coverage and see if you can save money. If you find a lower rate quote and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Give notification to your current company to cancel your existing policy. Submit a down payment along with a completed application for the new policy. As soon as you can, put the proof of insurance paperwork with your registration paperwork.

A tip to remember is that you’ll want to compare similar limits and deductibles on each quote and and to analyze as many companies as you can. This guarantees the most accurate price comparison and a thorough selection of prices.

It’s shocking but most drivers have been with the same company for a minimum of four years, and almost half have never compared rates from other carriers. Many drivers in Ohio could save up to 55% each year by just comparing rate quotes, but they underestimate how much money they would save if they replace their high priced policy.

The best way we recommend to compare policy rates for Lexus GX 460 insurance in Cincinnati is to know the trick most of the larger companies participate in online systems to give you rate quotes. All you need to do is provide a little information like marital status, your credit rating estimate, what your job is, and the year, make and model of vehicles. That rating information is instantly submitted to many highly-rated insurers and they return cost estimate very quickly.

To compare lower-cost Lexus GX 460 insurance rates now, click here and complete the quick form.

The providers in the list below can provide quotes in Ohio. If you wish to find the best cheap auto insurance in Cincinnati, it’s highly recommended you visit two to three different companies to get a more complete price comparison.

Rate information and statistics

The table displayed below outlines a range of coverage costs for Lexus GX 460 models. Having a better understanding of how auto insurance prices are established can be of help when making smart choices when purchasing an insurance policy.

Lexus GX 460 Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GX 460 4WD 4-Dr $214 $392 $232 $14 $70 $922 $77
GX 460 Premium 4WD 4-Dr $236 $392 $232 $14 $70 $944 $79
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rates do not factor in vehicle garaging location which can raise or lower prices noticeably.

How high should deductibles be?

A question often asked by Cincinnati drivers is where should you set your physical damage deductibles. The rates shown below illustrate the premium difference between low and high policy deductibles. The first table uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Lexus GX 460 insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GX 460 4WD 4-Dr $220 $400 $226 $14 $68 $953 $79
GX 460 Premium 4WD 4-Dr $244 $400 $226 $14 $68 $977 $81
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Lexus GX 460 insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GX 460 4WD 4-Dr $136 $252 $226 $14 $68 $696 $58
GX 460 Premium 4WD 4-Dr $150 $252 $226 $14 $68 $710 $59
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Premium amounts do not factor in specific location which can change rates significantly.

Using the premium rates above, we can conclude that using a $250 deductible will cost you about $21 more each month or $252 for a full year than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 36 months between claim filings, you would probably be better off if you opt for a higher deductible.

The illustration below demonstrates how choosing different deductibles and can increase or decrease Lexus GX 460 annual premium costs for each different age category. The premiums are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Get Lexus GX 460 Insurance at a Discount

Lots of things are considered when pricing auto insurance. Some of the criteria are obvious such as your driving history, but some are less apparent like your continuous coverage or your financial responsibility. A large part of saving on insurance is knowing a few of the rating criteria that help determine your insurance rates. If you understand what positively or negatively impacts your premiums, this enables informed choices that could result in big savings.

Shown below are a few of the “ingredients” that factor into your rates.

Marriage equates to better premiums – Having a wife or husband may save some money on your insurance bill. Marriage may mean you are more mature and it’s proven that being married results in fewer claims.

Small claims can cost you – Auto insurance companies in Ohio provide the best rates to people who file claims infrequently. If you are the type of insured that files lots of claims you can expect either higher rates or even cancellation. Your car insurance is intended for larger claims.

How old are your drivers? – More mature drivers are more cautious drivers, cause fewer claims and accidents, and get fewer tickets. Teen drivers have been known to get distracted easily when behind the wheel and because of this, their insurance rates are much higher.

The following chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Combine policies to earn discounts – Most insurance companies will give lower prices for people who consolidate policies with them in the form of a multi-policy discount. Even if you’re getting this discount drivers will still want to compare Lexus GX 460 rates in Cincinnati to help guarantee you have the best rates. You may still be able to find lower rates by buying insurance from a different company.

Gender and insurance – Statistics have proven that females tend to be a little less risky than males. That doesn’t necessarily mean that men are WORSE drivers than women. Both genders tend to get into at-fault accidents in similar numbers, but males tend to have more serious accidents. Men also statistically get higher numbers of serious violations such as reckless driving. Youthful male drivers are most likely to cause an accident so it costs more to insure them.

The illustration below illustrates the difference between Lexus GX 460 car insurance rates for male and female drivers. The rates are based on no accidents, no driving violations, comp and collision included, $1,000 deductibles, drivers are not married, and no discounts are factored in.

Loss statistics for a Lexus GX 460 – Insurers study historical loss data to help determine the rate you pay. Vehicles that statistically have higher claim amounts or frequency will have increased rates.

The information below illustrates the insurance loss data for Lexus GX 460 vehicles. For each type of coverage, the claim probability for all vehicles averaged together is equal to 100. Percentage numbers below 100 suggest a positive loss record, while numbers that are greater than 100 show a trend for more claims or a tendency for claims to be larger.

Auto Insurance Loss Data for Lexus GX 460 Models
Specific Lexus Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lexus GX 460 4dr 4WD 97 100 125 63 52 63

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Three reasons car insurance is important

Even though it’s not necessarily cheap to insure a Lexus in Cincinnati, insuring your vehicle is required in Ohio but also provides important benefits.

The benefits of carrying adequate insurance greatly outweigh the cost, specifically if you ever have a liability claim. An average driver in America is wasting up to $800 each year so compare rate quotes at every renewal to be sure current rates are still competitive.

How to find a good Ohio auto insurance company

Picking a highly-rated insurance provider is hard considering how many choices there are in Cincinnati. The information below can help you analyze which companies you want to consider putting your business with.

Best Auto Insurance Companies in Ohio
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Best Car Insurance Companies