Save Money on Lexus LS 460 Insurance in Seattle

Searching for better insurance prices for a Lexus LS 460 in Washington can be difficult, but you can follow the following methods to make it easier.

There is a right way and a wrong way to buy car insurance so we’re going to tell you the absolute fastest way to get price quotes on a Lexus and get the best price possible.

Astonishing but true, the vast majority of car insurance customers in Washington kept buying from the same company for over three years, and 38% of drivers have never compared rates with other companies. American drivers can cut their rates by approximately $850 a year by just shopping around, but they don’t understand how simple it is to go online and compare rates.

Companies offering low-cost Lexus LS 460 rate quotes in Seattle, WA

The companies shown below are ready to provide comparison quotes in Seattle, WA. If multiple companies are shown, we suggest you visit two to three different companies to get the most affordable price.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Washington minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Premium costs do not factor in vehicle garaging location which can raise or lower auto insurance rates greatly.

Comparison of policy deductibles

When buying car insurance, a common question is where should you set your physical damage deductibles. The data tables below can help illustrate the rate fluctuation when you select higher and lower policy deductibles. The first set of rates uses a $250 physical damage deductible and the second data table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Washington minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rates do not factor in specific zip code location which can raise or lower insurance rates significantly.

Using the data above, we can ascertain that using a $250 deductible will cost in the ballpark of $33 more each month or $396 a year than buying the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 23 months between claims, you would save more money if you opt for a higher deductible.

Male drivers compared to female drivers in Seattle

The illustration below compares Lexus LS 460 insurance prices for male and female drivers. The price estimates are based on no violations or accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are factored in.

Does it make sense to buy full coverage?

The diagram below visualizes the comparison of Lexus LS 460 car insurance rates with full physical damage coverage compared to only buying liability only. The data assumes no claims or violations, $1,000 deductibles, married male driver, and no discounts are applied.

When to stop buying full coverage

There is no exact rule to delete full coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Lexus LS 460 settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $4,000 after the policy deductible has been paid. If it’s costing you more than $400 annually for physical damage coverage, then it might be time to buy liability only.

There are some circumstances where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

How to Lower Your Insurance Premiums

Lots of things are considered when you get a price on insurance. Some factors are common sense such as traffic violations, although others are not quite as obvious like your vehicle usage and annual miles driven. The best way to find cheaper auto insurance is to take a look at some of the elements that are used to determine the level of your policy premiums. If you know what controls the rates you pay, this allows you to make educated decisions that could result in better auto insurance rates.

Responsible drivers pay better premiums – Whether or not you get tickets has a big impact on rates. Getting just one speeding ticket can boost insurance rates forty percent or more. Drivers with clean records get better prices than bad drivers. Drivers with multiple tickets such as DUI, reckless driving or excessive speeding may find they need to complete a SR-22 with their state in order to prevent a license revocation.

Type of car determines base rates – The type of vehicle you are buying insurance for makes a huge difference in your premium level. Since the Lexus LS 460 is considered a luxury sedan, insuring your vehicle will cost more compared to average rates in Seattle. Lower performance four cylinder passenger cars usually have the lowest rates, but the final cost of insurance is determined by many other factors.

Cheaper premiums with safer cars – Safe vehicles get lower rates. Safe vehicles reduce injuries and fewer injuries means less money paid by your insurance company and more competitive rates for policyholders.

Higher comp and collision deductibles are cheaper – Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers your vehicle from damage. Examples of some claims that would be covered would be a broken side mirror, damage from fire, and burglary. Physical damage deductibles tell how much you are required to spend out-of-pocket before your auto insurance pays a claim. The larger the amount you’re willing to pay, the lower your rates will be.

Lexus LS 460 insurance loss probability – Insurance companies use past insurance losses as a tool for profitable underwriting. Models that statistically have higher prevalence or dollar amount of losses will have a higher cost to insure. The table shown below demonstrates the historical insurance loss data for Lexus LS 460 vehicles.

For each policy coverage, the claim probability for all vehicles, as an average, is equal to 100. Percentages below 100 suggest losses that are better than average, while values that are above 100 indicate a higher chance of having a claim or statistically larger losses.

Don’t overlook these Lexus LS 460 insurance discounts

Some providers do not list all available discounts very well, so the next list breaks down a few of the more common as well as the least known ways to save on insurance.

• Accident Free – Drivers who don’t have accidents get the best insurance rates as compared to frequent claim filers.
• Driving Data Discount – Drivers who elect to allow driving data submission to monitor where and when they drive by using a telematic data system such as Drivewise from Allstate or Snapshot from Progressive might see lower rates as long as they are good drivers.
• Federal Government Employee – Simply working for the federal government may reduce rates when you quote Seattle auto insurance depending on your insurance provider.
• Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts can receive discounts as much as 30%.
• Policy Bundle Discount – If you combine your auto and homeowners policies and insure them both with the same insurance company you may earn up to 20% and get you inexpensive Lexus LS 460 insurance in Seattle.

Drivers should understand that many deductions do not apply to the overall cost of the policy. Most cut individual premiums such as medical payments or collision. Even though the math looks like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

A list of insurance companies and a selection of discounts are detailed below.

• 21st Century policyholders can earn discounts including driver training, air bags, early bird, 55 and older, student driver, and defensive driver.
• State Farm offers discounts including accident-free, passive restraint, good driver, multiple policy, and good student.
• AAA has savings for good student, good driver, pay-in-full, multi-car, and anti-theft.
• Liberty Mutual may include discounts for hybrid vehicle, new graduate, new move discount, newly married, exclusive group savings, and good student.
• Progressive offers premium reductions for online signing, online quote discount, continuous coverage, multi-vehicle, homeowner, and good student.

When comparing rates, check with each insurance company which discounts you qualify for. Some credits might not be offered in your state. To find insurance companies that can offer you the previously mentioned discounts in Seattle, follow this link.

Insurance agencies are professional risk managers

Some people just want to get professional advice from a licensed agent and that is a personal choice. Experienced insurance agents will help you protect your assets and help you file claims. One of the great benefits of comparing rate quotes online is you can get cheap rate quotes and still have a local agent. And buying from local insurance agencies is important particularly in Seattle.

After filling out this simple form, your insurance coverage information is submitted to local insurance agents who will gladly provide quotes for your auto insurance coverage. There is no reason to leave your computer due to the fact that quote results will go to the email address you provide. If you want to get a price quote from one company in particular, just find their quoting web page and give them your coverage information.

How to choose the best auto insurance agent in Seattle

When narrowing the list to find a reliable agent, it helps to know the two different types of agencies and how they differ in how they can insure your vehicles. Agents in Seattle are considered either independent agents or exclusive agents. Both can provide auto insurance policies, but it’s good to learn why they differ since it could factor into buying decisions.

Independent Auto Insurance Agencies

Agents in the independent channel do not sell for just one brand so they can quote policies with a variety of different insurance companies enabling the ability to shop coverage around. If premiums increase, your agent can just switch to a different company and you stay with the same agent. When searching for an agent, you will want to include price quotes from at least one independent agent to get the most accurate price comparison. They also have the ability to place coverage with smaller companies who may have lower rates.

The following is a small list of independent agents in Seattle that may be able to give comparison quotes.

• Propel Insurance: Marinkovich Stephen
  925 4th Ave #3200 – Seattle, WA 98104 – (206) 676-4216 – View Map
• Sav-On Insurance
  9614 17th Ave SW – Seattle, WA 98106 – (206) 767-7444 – View Map
• Secord Agency Insurance
  265 NE 45th St – Seattle, WA 98105 – (206) 783-4024 – View Map

View more Seattle agents

Exclusive Insurance Agents

Exclusive insurance agents can only quote rates from one company and examples are Farmers Insurance, American Family, State Farm and Allstate. Exclusive agencies are unable to compare other company’s rates so if the price isn’t competitive there isn’t much they can do. Exclusive agents are well trained on what they offer which helps them compete with independent agents. Consumers sometimes use the same exclusive agent mainly due to the prominent brand name rather than low price.

The following are exclusive agencies in Seattle that can give you rate quotes.

• Alex Bagdasarov – State Farm Insurance Agent
  4719 University Way NE #202 – Seattle, WA 98105 – (206) 946-1986 – View Map
• Terry Gangon – State Farm Insurance Agent
  4727 44th Ave SW Ste 100 – Seattle, WA 98116 – (206) 935-9955 – View Map
• State Farm: Karrie Dubose
  1530 Westlake Ave N Suite 100 – Seattle, WA 98109 – (206) 971-5400 – View Map

View more Seattle agents

Finding the right auto insurance agent requires you to look at more than just the quoted price. The answers to these questions are important, too.

• How much will you save each year by using a higher deductible?
• Is the quote a firm price?
• Is the agency involved in supporting local community causes?
• How often do they review policy coverages?
• What will you get paid if your car is a total loss? How is that amount determined?
• How long have they worked with personal auto insurance coverage?
• Does the company allow you to choose your own collision repair facility?

Shop smart and save

Drivers change insurance companies for a number of reasons such as lack of trust in their agent, not issuing a premium refund, high prices and even unfair underwriting practices. It doesn’t matter why you want to switch finding a new auto insurance company is less work than it seems.

Cheap Lexus LS 460 insurance in Seattle can be purchased both online and from local insurance agents, and you should compare price quotes from both to have the best selection. There are still a few companies who do not offer internet price quotes and most of the time these small insurance companies only sell through independent insurance agencies.

As you go through the steps to switch your coverage, it’s very important that you do not buy lower coverage limits just to save a few bucks. In too many instances, an insured cut liability limits or collision coverage only to discover later that the few dollars in savings costed them thousands. Your goal is to purchase plenty of coverage at the best cost but still have enough coverage for asset protection.

For more information, feel free to visit the following helpful articles:

• Liability Insurance Coverage (Nationwide)
• Who Has Cheap Seattle Car Insurance Rates for Unemployed Drivers? (FAQ)
• Who Has Cheap Auto Insurance Quotes for a Ford Escape in Seattle? (FAQ)
• Who Has Affordable Seattle Auto Insurance for Single Moms? (FAQ)
• Who Has the Cheapest Auto Insurance for Infrequent Drivers in Seattle? (FAQ)
• Child Safety FAQ (iihs.org)
• Medical Payments Coverage (Liberty Mutual)
• Vehicle Insurance in the U.S. (Wikipedia)