Auto Insurance Quotes for a Lexus LS 460 in Chandler

Remarkably, a study showed that most insurance buyers have stayed with the same insurance company for more than four years, and just short of a majority have never quoted insurance rates at all. Many drivers in Arizona could pocket 50% a year, but they don’t know the benefits if they switched to a cheaper policy.

Insurance for Lexus LS 460Truthfully, the best way to get discount car insurance rates in Chandler is to regularly compare price quotes from insurers who provide auto insurance in Arizona. Rate comparisons can be done by following these guidelines.

Step 1: Take a little time to learn about how companies price auto insurance and the modifications you can make to lower rates. Many factors that increase rates like inattentive driving and a poor credit rating can be remedied by making small lifestyle or driving habit changes.

Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO or State Farm, while independent agents can give you price quotes from multiple sources. View companies

Step 3: Compare the new rate quotes to your existing coverage to see if a cheaper rate is available in Chandler. If you find a better price and make a switch, make sure coverage does not lapse between policies.

The key thing to know about shopping around is to try to use the same liability limits and deductibles on each quote request and and to get rate quotes from as many companies as possible. Doing this provides an apples-to-apples comparison and a thorough selection of prices.

Coverage statistics and figures

The rate table shown below covers different insurance policy prices for Lexus LS 460 models. Having a better understanding of how car insurance premiums are determined can be of help when making decisions on the best policy to buy.

Lexus LS 460 Insurance Rates in Chandler, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LS 460 4-Dr Sedan $208 $476 $332 $20 $100 $1,136 $95
LS 460 4-Dr Sedan $208 $476 $332 $20 $100 $1,136 $95
LS 460 AWD 4-Dr $208 $476 $332 $20 $100 $1,136 $95
LS 460 L 4-Dr Sedan $208 $476 $332 $20 $100 $1,136 $95
LS 460 L AWD 4-Dr $208 $476 $332 $20 $100 $1,136 $95
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Table data does not factor in vehicle location which can affect premium rates significantly.

Comparison of policy deductibles

One of the most common car insurance questions is where to set your physical damage deductibles. The tables below illustrate the cost difference between low and high policy deductibles. The first rate estimation uses a $100 physical damage deductible and the second rate chart uses a $1,000 deductible.

Lexus LS 460 insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LS 460 4-Dr Sedan $390 $798 $254 $16 $76 $1,559 $130
LS 460 4-Dr Sedan $390 $798 $254 $16 $76 $1,559 $130
LS 460 AWD 4-Dr $390 $798 $254 $16 $76 $1,559 $130
LS 460 L 4-Dr Sedan $390 $798 $254 $16 $76 $1,559 $130
LS 460 L AWD 4-Dr $390 $798 $254 $16 $76 $1,559 $130
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Lexus LS 460 insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LS 460 4-Dr Sedan $216 $420 $254 $16 $76 $982 $82
LS 460 4-Dr Sedan $216 $420 $254 $16 $76 $982 $82
LS 460 AWD 4-Dr $216 $420 $254 $16 $76 $982 $82
LS 460 L 4-Dr Sedan $216 $420 $254 $16 $76 $982 $82
LS 460 L AWD 4-Dr $216 $420 $254 $16 $76 $982 $82
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Prices do not factor in specific zip code location which can lower or raise prices noticeably.

Based on the data above, we can derive that using a $100 deductible costs about $48 more each month or $576 each year than requesting the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 19 months between claims, you would most likely save money if you choose the higher deductible.

Lexus LS 460 annual premiums for males versus females

The chart below shows the difference between Lexus LS 460 premium costs for male and female drivers. Data assumes no violations or accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no policy discounts are applied.

Liability only or full coverage

The chart below shows the comparison of Lexus LS 460 insurance prices with full coverage compared to only the Arizona minimum liability coverage. The price estimates are based on no accidents, no driving violations, $500 deductibles, drivers are not married, and no policy discounts are applied.

When to drop comp and collision

There is no set rule for dropping full coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s pretend your Lexus LS 460 replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,000 after the deductible is paid. If you are paying in excess of $300 annually to have full coverage, then you might consider buying liability only.

There are some situations where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not drop full coverage.

Best car insurance company in Chandler

Choosing the top insurance provider can be difficult considering how many different companies there are to choose from in Arizona. The company ratings in the lists below can help you decide which coverage providers you want to consider comparing price quotes from.

Top 10 Chandler Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. Titan Insurance
  5. The General
  6. Mercury Insurance
  7. AAA Insurance
  8. State Farm
  9. Nationwide
  10. Safeco

Auto insurance coverage specifics

Learning about specific coverages of your auto insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Lexus LS 460.

Since many Arizona drivers carry very low liability coverage limits (Arizona limits are 15/30/10), their limits can quickly be used up. So UM/UIM coverage is a good idea. Normally these coverages do not exceed the liability coverage limits.

Collision – This pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with another moving vehicle, hitting a mailbox and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible on your LS 460 to bring the cost down.

Auto liability insurance – Liability insurance will cover injuries or damage you cause to a person or their property in an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 15/30/10 which means a $15,000 limit per person for injuries, a per accident bodily injury limit of $30,000, and property damage coverage for $10,000. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against things like repair bills for other people’s vehicles, legal defense fees, loss of income and structural damage. How much coverage you buy is your choice, but you should buy higher limits if possible. Arizona requires minimum liability limits of 15/30/10 but drivers should carry better liability coverage.

The chart below demonstrates why buying low liability limits may not be enough.

Medical expense insurance – Med pay and PIP coverage kick in for expenses for rehabilitation expenses, doctor visits, hospital visits and EMT expenses. They can be used in conjunction with a health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive (Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hitting a bird, fire damage, damage from a tornado or hurricane, hitting a deer and vandalism. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

The best insurance company isn’t always the cheapest

People leave their current company for a variety of reasons including high prices, questionable increases in premium, denial of a claim or even high rates after DUI convictions. Regardless of your reason for switching companies, choosing a new insurance company is not as hard as you think.

When trying to cut insurance costs, it’s not a good idea to skimp on coverage in order to save money. There have been many cases where someone sacrificed uninsured motorist or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage for the lowest price, but do not skimp to save money.

Some auto insurance companies may not have the ability to get a quote online and many times these regional carriers only sell coverage through local independent agents. Cost effective Lexus LS 460 insurance can be purchased online and from local insurance agents, so you should compare both to have the best chance of lowering rates.

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