It’s well known that auto insurance companies don’t want policyholders to shop around. People who shop around for the cheapest rate are highly likely to switch companies because there are good odds of finding better rates. A recent study showed that people who regularly compared rates saved about $3,450 over four years compared to policyholders who never shopped around for better prices.
If finding the cheapest price for Lexus GX 460 insurance is your objective, then learning about how to find companies and compare coverage rates can save money and time.
The most effective way to find affordable quotes for Lexus GX 460 insurance in Oakland is to start doing a yearly price comparison from companies who provide auto insurance in California. You can shop around by completing these steps.
- Try to learn a little about what is in your policy and the things you can change to prevent expensive coverage. Many factors that cause rate increases like multiple speeding tickets and a not-so-good credit rating can be controlled by making small lifestyle or driving habit changes. This article gives more details to get cheaper coverage and get additional discounts.
- Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive and State Farm, while independent agencies can quote rates from multiple companies.
- Compare the price quotes to your existing coverage to determine if you can save on GX 460 insurance in Oakland. If you find a better price and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
An essential thing to point out is to compare the same level of coverage on every quote and and to get prices from as many companies as feasibly possible. This provides the most accurate price comparison and the best price selection.
Finding the cheapest coverage in Oakland can be much easier if you know how to start. Just about anyone who is shopping for car insurance should find a better price. Although California car owners should learn how the larger insurance companies calculate your car insurance rates because rates are impacted by many factors.
The best way to compare rates for Lexus GX 460 insurance in Oakland takes advantage of the fact most larger insurance companies participate in online systems to give free rates quotes. To begin a comparison, all you need to do is provide details such as if you have a valid license, if you lease or own, the make and model of your vehicles, and driver ages. Those rating factors is then sent to insurance carriers in your area and you will receive price estimates very quickly.
To find the cheapest Lexus GX 460 insurance rates, click here then complete the form.
The following companies have been selected to offer free quotes in California. If multiple companies are listed, it’s highly recommended you get price quotes from several of them in order to get a fair rate comparison.
Analysis of Lexus GX 460 rates
The rate information displayed below showcases detailed analysis of insurance premium costs for Lexus GX 460 models. Understanding how insurance prices are established can be valuable when making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GX 460 4WD 4-Dr | $272 | $534 | $424 | $26 | $126 | $1,382 | $115 |
| GX 460 Premium 4WD 4-Dr | $300 | $534 | $424 | $26 | $126 | $1,410 | $118 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Estimates do not factor in Oakland location which can increase or decrease auto insurance rates substantially.
Deductible analysis
One frequently asked question is what deductibles to buy. The premium rates below summarize the cost difference when you choose different coverage deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GX 460 4WD 4-Dr | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| GX 460 Premium 4WD 4-Dr | $474 | $780 | $442 | $26 | $132 | $1,879 | $157 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GX 460 4WD 4-Dr | $266 | $490 | $442 | $26 | $132 | $1,356 | $113 |
| GX 460 Premium 4WD 4-Dr | $292 | $490 | $442 | $26 | $132 | $1,382 | $115 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Prices do not factor in specific location information which can lower or raise prices noticeably.
Based on the figures above, using a $250 deductible will cost you about $41 more each month or $492 every year than opting for the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 18 months between claims, you would probably save some money going with the higher deductible. Here is the way you can make this decision for your own policy.
| Average monthly premium for $250 deductibles: | $155 |
| Average monthly premium for $1,000 deductibles (subtract): | – $114 |
| Monthly savings from raising deductible: | $41 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $41 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 18 months |
One thing to be aware of is that higher deductibles results in more money out-of-pocket at claim time. It will be required that you have a higher level of savings in order to pay more to get your vehicle repaired.
Rate difference between full and liability-only coverage
The diagram below shows the comparison of Lexus GX 460 yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no claims or driving citations, $250 deductibles, marital status is single, and no policy discounts are applied.
Deciding between full coverage and liability only
There is no set guideline to delete physical damage insurance, but there is a general guideline. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your Lexus GX 460 book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $3,000 after paying your deductible. If you are paying in excess of $300 a year for full coverage, then it might be time to buy liability only.
There are some scenarios where only buying liability is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Three reasons to not skimp on insurance
Despite the high cost, maintaining insurance is most likely required but also gives you several important benefits.
- Most states have mandatory liability insurance requirements which means the state requires specific minimum amounts of liability protection if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your vehicle has a lienholder, it’s most likely the lender will have a requirement that you have insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender will be forced to insure your Lexus at a much higher premium rate and force you to pay for the much more expensive policy.
- Insurance preserves not only your Lexus but also your financial assets. It also can pay for medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If you have damage to your Lexus as the result of the weather or an accident, your insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of buying insurance are definitely more than the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer is overpaying over $869 every year so you should quote and compare rates at least once a year to ensure rates are competitive.
Get Cheaper Insurance Premiums by Understanding These Factors
A large part of saving on insurance is knowing some of the factors that go into determining insurance rates. When consumers understand what impacts premium levels, this empowers consumers to make smart changes that could help you find lower premium levels. Lots of things are used in the calculation when premium rates are determined. Some are pretty understandable such as your driving history, but others are more transparent like where you live and annual miles driven.
Females tend to cost less – The statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that females are better drivers. Both sexes tend to get into at-fault accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically receive more major tickets like reckless driving and DUI.
The information below shows the difference between Lexus GX 460 insurance costs for male and female drivers. Data assumes no accidents or driving violations, full physical damage coverage, $500 deductibles, drivers are not married, and no policy discounts are applied.
Cheaper insurance rates with safer cars – Safer cars tend to be cheaper to insure. Vehicles built for safety reduce injuries and any reduction in injury severity translates into savings for insurance companies and thus lower rates.
More traffic equals higher prices – Having an address in a rural area is a good thing when buying insurance. Fewer drivers on the road translates into fewer accidents and also fewer theft and vandalism claims. Urban drivers have to deal with more road rage incidents and longer commute times. The longer drive time means a statistically higher chance of an accident.
Always have insurance – Having a gap between insurance policy dates can be a guaranteed way to increase your renewal premiums. And not only will your rates increase, failure to provide proof of insurance may earn you a steep fine or even jail time. Then you may be required to file a SR-22 with the California motor vehicle department to get your license reinstated.
Can a thief steal your car? – Purchasing a vehicle with anti-theft technology or alarm system can save you some money. Systems that thwart thieves like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping auto theft and help lower rates.
Lexus GX 460 claim data – Auto insurance companies use statistical claims data when they file their rates in each state. Vehicles that the data determines to have a higher amount or frequency of claims will have higher rates for specific coverages. The data below shows the collected loss data for Lexus GX 460 vehicles.
For each insurance policy coverage type, the claim probability for all vehicles compiled together is represented as 100. Numbers shown that are under 100 suggest a better than average loss history, while values that are above 100 indicate a higher chance of having a claim or larger claims.
| Vehicle 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
Car insurance discounts help lower rates for Lexus GX 460 insurance in Oakland
Buying car insurance is not cheap, but you might already qualify for some discounts that you may not know about. Some discounts apply automatically at quote time, but once in a while a discount must be specifically requested prior to getting the savings.
- Student Discount for Driver Training – Teen drivers should participate in a local driver’s education class if it’s offered in school.
- Accident Waiver – This one is not really a discount per se, but certain companies will allow you to have one accident without getting socked with a rate hike if you have no claims prior to being involved in the accident.
- Senior Citizen Rates – Older drivers could receive a small decrease in premiums.
- College Student – College-age children who attend college more than 100 miles from Oakland and do not take a car to college may be able to be covered for less.
- Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts can save 10% or more on medical payment and PIP coverage.
- Onboard Data Collection – Policyholders that allow driving data collection to monitor vehicle usage by using a telematics device like Allstate’s Drivewise might see lower rates if they show good driving skills.
- Military Deployment Discount – Being deployed in the military could trigger a small discount.
- Own a Home and Save – Being a homeowner can save you money because of the fact that having a home means you have a higher level of financial diligence.
- Low Mileage Discounts – Low mileage vehicles may allow you to get discounted car insurance rates on garaged vehicles.
A quick disclaimer, most of the big mark downs will not be given to the overall cost of the policy. Most only apply to the cost of specific coverages such as collision or personal injury protection. Even though it may seem like you can get free auto insurance, company stockholders wouldn’t be very happy. But any discount should help lower your overall bill.
The illustration below shows the comparison of Lexus GX 460 insurance prices with and without discounts applied to the policy premium. The price estimates are based on a female driver, no violations or claims, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, multi-car, multi-policy, and homeowner discounts applied.
A few popular companies and some of their more popular discounts include:
- 21st Century may have discounts that include teen driver, student driver, homeowners, automatic seat belts, early bird, and anti-lock brakes.
- State Farm includes discounts for Steer Clear safe driver discount, multiple autos, multiple policy, good driver, driver’s education, anti-theft, and accident-free.
- AAA offers discounts for multi-policy, multi-car, anti-theft, good student, and good driver.
- Liberty Mutual offers premium reductions for newly retired, exclusive group savings, new vehicle discount, good student, preferred payment discount, and new move discount.
- Progressive offers discounts including homeowner, multi-policy, multi-vehicle, online quote discount, continuous coverage, online signing, and good student.
Before purchasing a policy, check with all companies you are considering what discounts are available to you. A few discounts might not be available to policyholders in Oakland.
You may need specialized insurance coverage
When it comes to a policy, there really is not a “perfect” insurance plan. Your situation is unique and your insurance should be unique as well.
Here are some questions about coverages that can aid in determining whether you will benefit from professional help.
- Am I covered if I wreck a rental car?
- Does low annual mileage earn a discount?
- How does medical payments coverage work?
- How much underlying liability do I need for an umbrella policy?
- Is pleasure use cheaper than using my Lexus GX 460 to commute?
- Am I covered when driving someone else’s vehicle?
If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.
Compare rates but still have a local Oakland insurance agency
Many people would prefer to sit down and talk to an agent and doing so can bring peace of mind A good thing about comparing auto insurance online is the fact that drivers can get the lowest rates and still have an agent to talk to.
After completing this form (opens in new window), your information is sent to participating agents in Oakland who will give you quotes to get your business. There is no reason to contact any insurance agencies since price quotes are sent to your email. You can find lower rates AND an agent nearby. If you have a need to get a price quote for a specific company, just visit that company’s website to submit a rate quote request.
Finding the right provider is decision based upon more than just a cheap price. These are some valid questions you should ask.
- Who is covered by the car insurance policy?
- Can you use your own choice of collision repair facility?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Do the companies they represent have a solid financial rating?
- How is replacement cost determined on your vehicle?
If you are searching for a good Oakland insurance agent, it’s helpful to know the types of insurance agents that differ in how they can insure your vehicles. Agents can either be independent or exclusive depending on the company they work for.
Exclusive Agents
Agents in the exclusive channel can only place business with one company such as Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agencies are unable to provide rate quotes from other companies so you might not find the best rates. Exclusive agents are very knowledgeable on their company’s products which helps offset the inability to provide other markets. Consumers frequently choose to use a exclusive agent mostly because of loyalty to the company and the convenience of having all coverages with one company.
Listed below is a short list of exclusive insurance agents in Oakland that are able to give price quote information.
- Farmers Insurance – Pamela Spikes
3410 Lakeshore Ave #204 – Oakland, CA 94610 – (510) 832-1005 – View Map - Farmers Insurance – Norman Garcia
8105 Edgewater Dr #118 – Oakland, CA 94621 – (510) 878-7555 – View Map - Farmers Insurance – Thy Le
745 E 12th St #101 – Oakland, CA 94606 – (510) 465-2029 – View Map
Independent Auto Insurance Agents
Independent agencies can sell policies from many different companies so they can write business through many companies depending on which coverage is best. If they find a cheaper price, an independent agent can move your coverage and the insured can keep the same agent.
When comparison shopping, you should always include rate quotes from a few independent agents to get the most accurate price comparison. Many write coverage with smaller mutual companies that may have much lower rates than larger companies.
Listed below is a short list of independent insurance agencies in Oakland willing to provide price quotes.
- JCB Insurance Services
6427 Westover Dr – Oakland, CA 94611 – (510) 336-3490 – View Map - David E. Quan Agency Insurance Brokers, Inc.
523 47th St – Oakland, CA 94609 – (510) 653-8880 – View Map - Susan Bernosky – Strahan Ins Services Inc
5940 College Ave a – Oakland, CA 94618 – (510) 450-9051 – View Map
Persistent drivers can save
We just presented a lot of information how to save on Lexus GX 460 insurance in Oakland. The most important thing to understand is the more quotes you get, the better likelihood of getting affordable Oakland car insurance quotes. You may even find the biggest savings come from a lesser-known regional company. Regional companies may cover specific market segments cheaper than their larger competitors like Allstate, GEICO and Progressive.
Cheaper Lexus GX 460 insurance in Oakland can be purchased both online and from local insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance companies do not offer online price quotes and many times these smaller providers prefer to sell through independent insurance agents.
Additional articles
- What is Gap Insurance? (Insurance Information Institute)
- Who Has Cheap Auto Insurance for Immigrants in Oakland? (FAQ)
- How Much are Oakland Auto Insurance Quotes for a Nissan Sentra? (FAQ)
- Who Has Cheap Car Insurance Quotes for Drivers Over Age 50 in Oakland? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Police Officers in Oakland? (FAQ)
- How Much are Car Insurance Quotes After a Speeding Ticket in Oakland? (FAQ)
- Understanding Limits and Deductibles (Allstate)
- Car Insurance: When not to Skimp (BankRate.com)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Where can I buy Insurance? (Insurance Information Institute)