Unbelievable but true, the majority of drivers have remained with the same car insurance company for more than four years, and approximately 40% of consumers have never quoted car insurance rates at all. U.S. consumers could pocket $860 a year just by shopping around, but they don’t understand how simple it is to compare rates online.
If your goal is the lowest price, then the best way to get low-cost Lexus GS 450h insurance is to do an annual price comparison from insurance carriers that sell auto insurance in Jersey City.
First, take a few minutes and learn about how your policy works and the changes you can make to prevent high rates. Many rating factors that result in higher prices such as accidents, careless driving, and poor credit history can be controlled by making small lifestyle or driving habit changes.
Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like GEICO or State Farm, while independent agencies can provide price quotes for a wide range of insurance providers.
Third, compare the price quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find better rates and decide to switch, make sure there is no coverage gap between policies.
Fourth, notify your company or agent of your intent to cancel your current car insurance policy. Submit payment along with a signed and completed policy application for your new policy. Make sure you place the new proof of insurance certificate in an easily accessible location in your vehicle.
A key point to remember is that you’ll want to compare the same coverage limits and deductibles on every price quote and and to get quotes from as many companies as possible. This guarantees a fair rate comparison and maximum price selection.
If you have a current insurance policy, you stand a good chance to be able to get lower rates using the techniques presented in this article. Quoting and buying more affordable policy in Jersey City is actually quite simple. Although New Jersey car owners need to have an understanding of how the larger insurance companies price insurance differently and use this information to your advantage.
Low Cost Lexus insurance rate quotes in Jersey City
The auto insurance companies shown below offer quotes in Jersey City, NJ. To buy cheap car insurance in New Jersey, we recommend you visit several of them in order to get a fair rate comparison.
Coverage statistics and figures
The price information displayed next highlights estimates of insurance coverage prices for Lexus GS 450h models. Learning how policy rates are established can aid in making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $274 | $622 | $544 | $32 | $162 | $1,634 | $136 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price information does not factor in zip code location which can modify auto insurance rates noticeably.
The example below illustrates how your deductible choice and can increase or decrease Lexus GS 450h insurance premiums for different ages of insureds. Data assumes a single female driver, comp and collision included, and no policy discounts are applied.
Responsible drivers pay cheaper auto insurance rates
The example below highlights how speeding tickets and at-fault accidents increase Lexus GS 450h premium costs for different age groups of insureds. The information is based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
Auto insurance premiums by gender
The information below shows the difference between Lexus GS 450h insurance premiums for male and female drivers. The prices are based on no accidents or driving violations, full coverage, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Do you need full coverage?
The illustration below illustrates the comparison of Lexus GS 450h insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no discounts are applied.
When to eliminate full coverage
There is no definitive formula of when to phase out full coverage, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s assume your Lexus GS 450h replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after paying the physical damage deductible. If you are paying more than $300 annually to have full coverage, then you may want to consider only buying liability coverage.
There are some situations where removing full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Get cheap Lexus GS 450h insurance in Jersey City with discounts
Some insurance providers do not list all possible discounts in an easy-to-find place, so below is a list both the well known in addition to some of the lesser obvious ways to save on insurance.
- Federal Employees – Active or former government employment can earn a discount up to 10% with a few insurance companies.
- Discounts for Safe Drivers – Drivers who don’t get into accidents could pay up to 40% less compared to accident prone drivers.
- Student Driver Training – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class in high school.
- Telematics Data Discounts – Drivers that enable their insurance company to monitor vehicle usage remotely such as State Farm’s In-Drive may see discounts if their driving habits are good.
- Drive Less and Save – Keeping the miles down on your Lexus could earn lower prices on the low mileage vehicles.
- Multiple Policy Discount – When you have multiple policies with one insurance company you could earn a discount of approximately 10% to 15%.
As a sidenote, most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce individual premiums such as medical payments or collision. So even though you would think all the discounts add up to a free policy, it just doesn’t work that way.
The information below illustrates the comparison of Lexus GS 450h insurance costs with and without discounts applied to the policy premium. The costs are based on a male driver, no violations or accidents, New Jersey state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, marriage, multi-car, safe-driver, and homeowner discounts applied.
Larger insurance companies and a selection of discounts can be found below.
- Progressive includes discounts for online quote discount, online signing, continuous coverage, good student, homeowner, and multi-vehicle.
- SAFECO offers premium reductions for homeowner, drive less, accident prevention training, anti-theft, bundle discounts, and anti-lock brakes.
- American Family policyholders can earn discounts including defensive driver, accident-free, Steer into Savings, early bird, and bundled insurance.
- MetLife offers discounts for good student, defensive driver, good driver, accident-free, claim-free, multi-policy
- GEICO may have discounts that include anti-theft, seat belt use, defensive driver, good student, and emergency military deployment.
- The Hartford has discounts for bundle, vehicle fuel type, air bag, defensive driver, good student, anti-theft, and driver training.
Check with all the companies the best way to save money. Discounts might not be offered on policies in Jersey City. To view companies that can offer you the previously mentioned discounts in Jersey City, click here to view.
Four factors that impact insurance prices
Multiple criteria are part of the calculation when you get a price on insurance. Some factors are common sense like a motor vehicle report, but other criteria are not as apparent like your continuous coverage and annual miles driven. Smart consumers have a good feel for some of the factors that are used to determine the price you pay for car insurance. If you have a feel for what influences your rates, this enables informed choices that will entitle you to big savings.
Urban areas may pay more – Residing in a small town can save you money when buying car insurance. Drivers who live in large cities regularly have traffic congestion and longer commute times. Fewer drivers and short commutes means fewer accidents and also fewer theft and vandalism claims.
Premiums are affected by your credit rating – Having a good credit score can be a huge factor in calculating your car insurance rates. If your credit rating is not that good, you could potentially save money when insuring your Lexus GS 450h by repairing your credit. Consumers who have excellent credit tend to be better risks to insure than those with lower ratings.
Do you really need to file those car insurance claims? – Insurance companies in New Jersey award lower rates to policyholders who are not frequent claim filers. If you are a frequent claim filer, you can definitely plan on increased rates or even have your policy non-renewed. Your car insurance is intended for larger claims.
Better rates on vehicles with better crash test results – Cars with five star safety ratings get lower rates. Vehicles built for safety have better occupant injury protection and fewer injuries means your insurance company pays less which can result in lower premiums.
Insurance loss data for a Lexus GS 450h – Auto insurance companies take into consideration historical loss data for every vehicle to help determine prices. Vehicles that the data determines to have higher loss trends will have higher rates for specific coverages.
The table below outlines the historical insurance loss data for Lexus GS 450h vehicles. For each coverage category, the claim probability for all vehicles, regardless of make or model, is considered to be 100. Values that are under 100 mean the vehicle has better than average losses, while values over 100 show a trend for more claims or an increased chance of a larger loss.
| 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
How do I know if I need professional advice?
Always remember that when buying insurance from an agent or online, there really is no one-size-fits-all type of policy. Everyone’s needs are different.
For example, these questions might point out if your situation may require specific advice.
- Who is covered when they drive my Lexus GS 450h?
- Which companies are cheaper for teen drivers?
- Where can I find DUI or SR-22 insurance?
- Am I covered if I hit my neighbor’s mailbox?
- Are rental cars covered under my policy?
- Does my policy pay for OEM or aftermarket parts?
- When would I need additional glass coverage?
- Am I missing any policy discounts?
- Can I get a multi-policy discount?
- Should I have a commercial auto policy?
If you don’t know the answers to these questions, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form.
What if I want to buy from local Jersey City insurance agencies?
Many people just want to sit down and talk to an agent and often times that is recommended The biggest benefit of comparing rates online is that you can obtain the best rates but also keep your business local.
Once you complete this short form, your coverage information gets sent to insurance agents in Jersey City who will give competitive quotes for your coverage. There is no need to even leave your home because prices are sent to your email. You can find better rates AND an agent nearby. If you wish to compare rates from a specific car insurance provider, feel free to find their quoting web page and fill out their quote form.
Finding the right insurance company shouldn’t rely on just the price. These questions are important to ask:
- Are claim adjusters local or do you have to take your car somewhere else?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Does the company have a solid financial rating?
- Does the agent have professional designations like CIC, CPCU or AIC?
- How are claims handled?
- Does the agent have a valid license to sell insurance in New Jersey?
- Can they help ensure a fair claim settlement?
Shown below are Jersey City insurance companies that may be able to provide price quotes for Lexus GS 450h insurance in Jersey City.
- Exodus Insurance Services
758 Ocean Ave – Jersey City, NJ 07304 – (201) 433-1015 – View Map - GG Insurance – Independent Insurance Agent
270 Marin Boulevard, Metropolis Towers Suite #14D – Jersey City, NJ 07302 – (800) 801-0394 – View Map - All Insurance Services Inc
574 Newark Ave – Jersey City, NJ 07306 – (201) 963-8888 – View Map - Diaz Insurance Agency
815 Bergenline Ave – Union City, NJ 07087 – (201) 348-1288 – View Map
After getting acceptable answers to these questions and a low price estimate, you may have just found an insurance company that can be relied on to insure your vehicles. But keep in mind policyholders can terminate your policy whenever you choose to so never feel that you’re stuck with any particular company for the full policy term.
Quote more and you will save more
You just learned many tips how you can lower your Lexus GS 450h insurance prices in Jersey City. It’s most important to understand that the more providers you compare, the higher your chance of finding low cost Jersey City car insurance quotes. Consumers could even find that the biggest savings come from the least-expected company.
When you buy Jersey City car insurance online, do not buy less coverage just to save a little money. There have been many situations where drivers have reduced physical damage coverage only to discover later they didn’t have enough coverage. The aim is to buy a smart amount of coverage at an affordable rate.
Lower-priced insurance in Jersey City is definitely available both online and from local insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies don’t offer the ability to get quotes online and usually these smaller providers sell through independent insurance agencies.
Additional articles
- What is Gap Insurance? (Insurance Information Institute)
- How Much is Jersey City Auto Insurance for Teenage Females? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Drivers Over Age 70 in Jersey City? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Young Drivers in Jersey City? (FAQ)
- Learn About Car Insurance (GEICO)
- All About Airbag Safety (State Farm)