Cheap Insurance for a Lexus HS 250h in Aurora

Insurance quote for Lexus HS 250h in AuroraIf you want to save money, the best way to find better pricing on auto insurance rates is to regularly compare quotes from insurance carriers who sell auto insurance in Aurora. You can shop around by following these guidelines.

One tip to remember is to compare identical coverage information on each quote request and and to look at as many auto insurance providers as possible. Doing this enables an accurate price comparison and many rates to choose from.

Amazingly, most Colorado insurance customers renewed their policy with the same company for four years or more, and nearly 40% of drivers have never shopped around. American consumers could save $859 a year, but most just don’t grasp the benefits if they replace their high priced policy.

Four Tips to Get Cheaper Aurora Insurance Prices

Many different elements are used in the calculation when quoting car insurance. Some factors are common sense like a motor vehicle report, but others are more transparent such as your marital status and annual miles driven. Part of the insurance buying process is learning a few of the rating criteria that come into play when calculating insurance rates. If you have a feel for what influences your rates, this enables informed choices that could help you find cheaper rates.

The factors shown below are some of the most common factors used by insurance companies to determine prices.

Get hitched and pay lower prices – Having a significant other can actually save you money on your insurance bill. Marriage means you’re less irresponsible and statistics show drivers who are married file infrequent claims.

Low physical damage deductibles can be expensive – Coverage for physical damage, termed comprehensive and collision coverage on your policy, protects your Lexus from damage. Examples of covered claims could be a dented fender, hitting a deer, or theft. Physical damage deductibles state the amount of money you are willing to pay if the claim is covered. The more damage repair cost the insured is willing to pay, the better rate you will receive.

Teen driver insurance premiums – Older people are more cautious drivers, file fewer claims, and receive fewer citations. Beginning drivers are statistically proven to be careless and easily distracted with other occupants in the car and because of this, their insurance rates are much higher.

The following chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

Only buy what you need – There are many extra add-on coverages that sound like a good idea at the time if you don’t pay attention. Coverages like replacement cost coverage, accidental death, and membership fees could be just wasting money. You may think they are a good idea when deciding what coverages you need, but your needs may have changed so eliminate them to save money.

Most major insurance companies like Progressive, GEICO, Allstate and State Farm allow consumers to get coverage price quotes on their websites. Comparing prices online for Lexus HS 250h insurance in Aurora is fairly straightforward as all you need to do is type in your coverage information into the form. When complete, their quoting system orders your credit score and driving record and returns a price quote based on these and other factors.

This streamlines rate comparisons, and it’s also necessary to perform this step if you are searching for the cheapest price on car insurance.

In order to compare pricing, compare rates from the companies below. If you have your current policy handy, we recommend you copy the coverages exactly as they are listed on your policy. This ensures you are getting rate quotes based on similar coverages.

The car insurance companies shown below offer quotes in Aurora, CO. If you want to find cheaper car insurance in Aurora, CO, we suggest you visit as many as you can in order to get a fair rate comparison.

Lexus HS 250h insurance analysis

The information below showcases different coverage prices for Lexus HS 250h models. Understanding more about how insurance quotes are calculated is important for you to make decisions on which coverage to buy.

Lexus HS 250h Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $266 $566 $388 $22 $116 $1,358 $113
HS 250H Premium 4-Dr Sedan $266 $566 $388 $22 $116 $1,358 $113
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rates do not factor in specific zip code location which can affect price quotes significantly.

Physical damage deductible comparison

One of the more difficult decisions when buying insurance is where to set your physical damage deductibles. The following insurance rates may help to illustrate how much more you’ll pay when you select higher and lower deductibles. The first data table uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Lexus HS 250h insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $342 $620 $298 $18 $90 $1,393 $116
HS 250H Premium 4-Dr Sedan $342 $620 $298 $18 $90 $1,393 $116
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Lexus HS 250h insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $278 $500 $298 $18 $90 $1,184 $99
HS 250H Premium 4-Dr Sedan $278 $500 $298 $18 $90 $1,184 $99
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in Aurora location which can raise or lower coverage rates considerably.

Using the premium rates above, we can conclude that using a $250 deductible costs approximately $17 more each month or $204 each year averaged for all HS 250h models than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at least 15 months between claims, you would come out ahead going with the higher deductible.

Cautious drivers save money

The illustration below demonstrates how speeding tickets and at-fault accidents can influence Lexus HS 250h premium costs for different ages of insureds. The premium estimates are based on a single male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

Full coverage versus liability-only

The illustration below visualizes the comparison of Lexus HS 250h insurance premiums when comparing full coverage to liability only. Data assumes no claims or driving citations, $1,000 deductibles, marital status is single, and no other discounts are factored in.

Are you wasting money on full coverage?

There is no clear-cut formula that works best for making the decision to drop physical damage insurance, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your Lexus HS 250h settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $8,000 after paying your deductible. If you are currently paying more than $800 a year to have full coverage, then you might consider buying liability only.

There are a few situations where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Insurance is not optional in Colorado

Despite the high insurance cost for a Lexus HS 250h in Aurora, buying insurance may be mandatory for several reasons.

The benefits of having insurance are definitely more than the cost, particularly for liability claims. An average driver in America is overpaying more than $869 every year so compare rates once a year at a minimum to help ensure money is not being wasted.

Affordable rates with discounts

Some insurers don’t always list every discount available very clearly, so the next list breaks down some of the best known and also the more inconspicuous credits that you can use to lower your rates.Insurance discounts

It’s important to note that some credits don’t apply to the entire cost. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think all those discounts means the company will pay you, nobody gets a free ride.

The diagram below compares Lexus HS 250h insurance costs with and without some available policy discounts. The premiums assume a female driver, no violations or accidents, Colorado state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, multi-car, marriage, homeowner, and safe-driver discounts applied.

Larger insurance companies and some of the discounts are detailed below.

Before buying, ask every insurance company to give you their best rates. Discounts might not apply everywhere.

Shop online but buy locally

Many drivers would prefer to buy from a local agent and doing so can bring peace of mind Insurance agents will help you protect your assets and help file insurance claims. The best thing about getting online price quotes is that you can find lower prices and still have an agent to talk to. Buying insurance from local agencies is important especially in Aurora.

Find insurance agent in AuroraBy using this quick form, your insurance coverage information is sent to participating agents in Aurora who will return price quotes for your car insurance coverage. You never need to contact an agency due to the fact that quote results will go to you directly. If you need to get a price quote from a specific company, just jump over to their website and fill out their quote form.

If you are wanting to find an insurance agent, there are two different types of agencies and how they are slightly different. Aurora agents can be described as either exclusive or independent agents depending on their company appointments. Both types of agents can do a good job, but it’s good to learn the difference in how they write coverage because it can factor into your agent selection.

Independent Agents (or Brokers)

Agents that elect to be independent do not write with just one company and that allows them to write policies with any number of different companies and potentially find a lower price. If your agent finds better pricing, an independent agent can move your coverage and you don’t have to switch agencies.

If you are comparing car insurance prices, it’s recommended you get insurance quotes from several independent insurance agents to have the most options to choose from. Most also write with additional companies that you may not be familiar with which can save you money.

Shown below is a short list of independent insurance agents in Aurora that can possibly get you comparison quotes.

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Exclusive Car Insurance Agents

Exclusive agents generally can only insure with one company and examples are Allstate, State Farm and Farm Bureau. They are unable to provide prices from multiple companies so it’s a take it or leave it situation. They are trained well on what they offer which helps offset the inability to provide other markets. Consumers often use the same agent primarily because of loyalty to the company and solid financial strength.

Below are Aurora exclusive insurance agents willing to provide rate quotes.

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Picking an auto insurance agent is decision based upon more than just the premium amount. Here are some questions you might want to ask.

Best auto insurance company in Aurora

Ending up with a high-quality auto insurance company is difficult considering how many different insurance companies sell coverage in Colorado. The rank data below can help you select which auto insurers you want to consider purchasing a policy from.

Best Auto Insurance Companies in Aurora
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies

There’s no such thing as the perfect car insurance policy

When choosing a policy for your vehicles, there is no one size fits all plan. Every insured’s situation is different.Higher deductibles save money

For instance, these questions can help discover if your situation would benefit from an agent’s advice.

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and can help protect your family.

Compare but don’t skimp

In this article, we covered a lot of tips how to compare Lexus HS 250h insurance prices in Aurora. The key concept to understand is the more companies you get rates for, the better likelihood of getting cheaper Aurora auto insurance quotes. You may even discover the lowest prices come from an unexpected company.

Cost effective Lexus HS 250h insurance is definitely available both online and from local agencies, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance providers do not offer online price quotes and usually these regional carriers only sell through independent agents.

Insureds leave their current company for any number of reasons including unfair underwriting practices, questionable increases in premium, an unsatisfactory settlement offer and being labeled a high risk driver. Regardless of your reason, finding the right insurance provider can be easier than you think.

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