Sadly, the majority of drivers have remained with the same insurance company for over three years, and just short of a majority have never quoted insurance rates at all. Many consumers in Virginia Beach could save themselves up to $548 a year just by shopping around, but they don’t invest the time required to shop around.
It takes a few minutes, but the best way to get more affordable Lexus GX 460 insurance is to compare prices annually from different companies that insure vehicles in Virginia Beach.
- It will benefit you to learn about how companies price auto insurance and the modifications you can make to prevent high rates. Many policy risk factors that cause rate increases such as accidents, traffic violations, and an unacceptable credit history can be rectified by improving your driving habits or financial responsibility. This article gives the details to lower rates and find possible discounts that are available.
- Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO or Farmers Insurance, while agents who are independent can provide prices from multiple sources.
- Compare the price quotes to your current policy and determine if cheaper GX 460 coverage is available. If you find a lower rate and switch companies, verify that coverage does not lapse between policies.
- Notify your company or agent of your intent to cancel your current auto insurance policy. Submit a completed application and payment to your new insurance company. Don’t forget to put the proof of insurance paperwork in your vehicle.
A key point to remember is to compare similar deductibles and liability limits on each quote request and to quote with as many companies as you can. Doing this helps ensure an accurate price comparison and the best rate selection.
Auto insurance providers offering cheap rate quotes in Virginia
The companies shown below provide free quotes in Virginia Beach, VA. In order to find cheaper auto insurance in Virginia, we recommend you compare several of them to get the most competitive price.
Lexus GX 460 insurance charts and tables
The premium table displayed below showcases a range of insurance prices for Lexus GX 460 models. Learning a little about how car insurance premiums are formulated can help drivers make informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GX 460 4WD 4-Dr | $240 | $532 | $270 | $16 | $80 | $1,138 | $95 |
| GX 460 Premium 4WD 4-Dr | $264 | $532 | $270 | $16 | $80 | $1,162 | $97 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price estimates do not factor in vehicle location which can impact coverage rates considerably.
Deductible analysis
One of the more difficult decisions when buying insurance is what deductibles to buy. The comparison tables below can help show the rate fluctuation when you select higher and lower coverage deductibles. The first data set uses a $250 comprehensive and collision deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GX 460 4WD 4-Dr | $250 | $454 | $258 | $16 | $78 | $1,081 | $90 |
| GX 460 Premium 4WD 4-Dr | $276 | $454 | $258 | $16 | $78 | $1,107 | $92 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GX 460 4WD 4-Dr | $204 | $366 | $258 | $16 | $78 | $922 | $77 |
| GX 460 Premium 4WD 4-Dr | $224 | $366 | $258 | $16 | $78 | $942 | $79 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can affect coverage rates considerably.
Using the premium rates above, we can conclude that using a $250 deductible costs an average of $13 more each month or $156 each year than quoting the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you average more than 19 months between claim filings, you would probably come out ahead going with the higher deductible.
Impact of violations and accidents on rates
The information below highlights how speeding tickets and accident claims influence Lexus GX 460 auto insurance costs for each age group. The premiums assume a single female driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.
Get cheaper rates by earning discounts
Not too many consumers would say insurance is affordable, but you may qualify for discounts that many people don’t even know exist. Certain discounts will be applied when you complete an application, but some need to be requested specifically before you get the savings.
- Passenger Safety Discount – Options like air bags could see savings of 20% or more.
- Braking Control Discount – Cars, trucks, and SUVs with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
- Multi-car Discount – Purchasing coverage when you have multiple vehicles on a single policy could earn a price break for each car.
- Homeowners Savings – Owning a home in Virginia Beach may trigger a policy discount on insurance since home ownership is proof of financial responsibility.
- Active Military Service – Being on active duty in the military could mean lower premium rates.
- Waiver for an Accident – This one is not really a discount per se, but companies like State Farm, Progressive and GEICO allow you one accident before they charge you more for coverage so long as you haven’t had any claims prior to the accident.
- Cautious Drivers – Drivers who don’t get into accidents may receive a discount up to 45% than drivers with accidents.
- Defensive Driver – Completing a defensive driver course could earn you a small percentage discount depending on where you live.
- Driver’s Education for Students – Require your teen driver to participate in a local driver’s education class if it’s offered in school.
Don’t be surprised that most of the big mark downs will not be given to the entire cost. Most only cut the price of certain insurance coverages like comp or med pay. So even though it sounds like you can get free auto insurance, insurance companies wouldn’t stay in business. But any discount should help lower the premium cost.
The information below illustrates the difference between Lexus GX 460 insurance costs with and without discounts applied to the premium. The information is based on a male driver, no accidents or driving violations, Virginia state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-car, homeowner, marriage, and multi-policy discounts applied.
To see providers that offer discounts in Virginia Beach, click here.
Why Informed Consumers Pay Less for Lexus GX 460 Insurance
Many things are part of the calculation when you get your auto insurance bill. Some of the criteria are obvious like your driving record, but others are not as apparent such as your credit history or how safe your car is.
Lower mileage equals lower premium – The higher the mileage driven in a year’s time the more you’ll pay to insure it. The majority of insurers charge to insure your cars based upon how the vehicle is primarily used. Autos that have low annual miles cost less to insure compared to those used for work or business. Incorrect rating for your GX 460 is just wasting money. It’s a smart idea to ensure your car insurance declarations sheet reflects the correct usage for each vehicle, because improper ratings can cost you money.
Small coverages can add up – There are many extra coverages that sound like a good idea at the time if you aren’t careful. Insurance for personal injury protection, towing, and Farm Bureau memberships are examples of these. These coverages may sound good when talking to your agent, but if you don’t need them get rid of them and save.
Gender is a factor – Over the last 30 years, statistics show that men are more aggressive behind the wheel. The data does not necessarily mean that males are worse at driving than females. Men and women have accidents in similar numbers, but males tend to have higher claims. Not only are claims higher, but men get higher numbers of serious violations such as reckless driving. Males from age 16 to 21 have the highest risk to insure and therefore have the most expensive car insurance rates.
The illustration below visualizes the comparison of Lexus GX 460 insurance premiums for male and female drivers. The rate quotes are based on no accidents, no driving violations, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are factored in.
Job impacts prices – Jobs like military generals, business owners, and miners tend to have higher rates than the rest of us because of job stress and lots of time spent away from family. On the flip side, professions such as farmers, athletes and homemakers receive lower rates.
Prevent policy lapses – Allowing your coverage to lapse is a guaranteed way to increase your renewal premiums. Not only will you pay more, getting caught without coverage will get you a revoked license or a big fine. You may have to file a SR-22 with the Virginia motor vehicle department.
Better credit means lower premiums – Having a bad credit score is likely to be a major factor in calculating your car insurance rates. Therefore, if your credit rating can be improved, you could be paying less to insure your Lexus GX 460 if you improve your credit rating. Insureds with very high credit ratings tend to be more responsible and file fewer claims as compared to drivers with lower ratings.
Age of drivers – Teenage drivers in Virginia are statistically shown to be less responsible with other occupants in the car so they pay higher car insurance rates. Parents adding a teenage driver to your policy can really hurt. Older people are proven to be safer behind the wheel, tend to cause fewer accidents, and get fewer tickets.
The following chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
Insurance losses for a Lexus GX 460 – Insurers study historical loss data as a tool for profitable underwriting. Models that statistically have higher loss trends will cost more for specific coverages. The table below outlines the loss history for Lexus GX 460 vehicles.
For each coverage category, the claim probability for all vehicles averaged together is set at 100. Numbers under 100 imply a favorable loss record, while numbers that are greater than 100 indicate higher probability of having a loss or statistically larger claims.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lexus GX 460 4dr 4WD | 97 | 100 | 125 | 63 | 52 | 63 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When to contact a local insurance agent
A small number of people would prefer to visit with an insurance agent and that is a personal choice. One of the great benefits of getting free rate quotes online is you can get cheap auto insurance quotes and still buy from a local agent.
To help locate an agent, after submitting this quick form, the coverage information is transmitted to agents in your area who will give you quotes and help you find cheaper coverage. There is no need to contact any agents due to the fact that quote results will go immediately to you. Get lower rates without requiring a lot of work. If you have a need to get a rate quote from a specific auto insurance provider, just visit that company’s website and fill out the quote form the provide.
Finding a good company requires you to look at more than just a cheap price quote. Here are some questions you might want to ask.
- What company do they have the most business with?
- Is their price quote a firm figure or are their hidden costs?
- How long have they been in business?
- Will you work with the agent or an assistant?
- What discounts might you be missing?
- Is insurance their full-time profession?
- How many companies do they write for?
When searching for a local insurance agency, you should know the different agency structures that you can choose from. Auto insurance policy providers can be categorized as either exclusive or independent.
Exclusive Agencies
These type of agents generally can only insure with one company and some examples include State Farm, Allstate, and Farm Bureau. These agents are unable to give you multiple price quotes so keep that in mind. Exclusive agents are well schooled on the products they sell which helps offset the inability to provide other markets. Drivers often use the same exclusive agent mainly due to high brand loyalty rather than having the cheapest rates.
Below are Virginia Beach exclusive agents willing to provide price quotes.
- Jane Peak – State Farm Insurance Agent
315 N Great Neck Rd #220 – Virginia Beach, VA 23454 – (757) 340-8060 – View Map - Mike McDonald – State Farm Insurance Agent
2122 General Booth Blvd #102 – Virginia Beach, VA 23454 – (757) 721-3300 – View Map - Farmers Insurance
5269 Greenwich Rd # 200 – Virginia Beach, VA 23462 – (757) 456-9440 – View Map
Independent Agents
Independent insurance agents are appointed with more than one company and that enables them to quote your coverage with any number of different companies enabling the ability to shop coverage around. If your premiums go up, they can switch companies in-house and you don’t have to do anything. When comparison shopping, we recommend you contact multiple independent agents so that you have a good selection of quotes to compare. Most have the option of insuring with companies you’ve never heard of which could offer lower prices.
Listed below are Virginia Beach independent agents who can help you get rate quotes.
- Nationwide Insurance: Avery Insurance Agency Inc
5268 Fairfield Shopping Centre – Virginia Beach, VA 23464 – (757) 366-0366 – View Map - Bell Insurance Agency Corporation
1501 Cornwell Ln – Virginia Beach, VA 23454 – (757) 340-0028 – View Map - Toby Leffel Insurance Agency
921 First Colonial Road #1703 – Virginia Beach, VA 23454 – (757) 481-9105 – View Map
Virginia auto insurance company ratings
Choosing the right insurer can be difficult considering how many companies sell coverage in Virginia Beach. The company rank data listed below can help you decide which providers to look at comparing prices from.
Top 10 Virginia Beach Car Insurance Companies Ranked by Claims Service
- Travelers
- Allstate
- Nationwide
- State Farm
- GEICO
- Liberty Mutual
- American Family
- Esurance
- AAA Insurance
- Titan Insurance
Find cheap rates by comparing often
Some insurance companies don’t offer online quoting and many times these regional insurance providers sell through independent agents. The cheapest Lexus GX 460 insurance in Virginia Beach is available from both online companies in addition to many Virginia Beach insurance agents, and you should compare price quotes from both to get a complete price analysis.
We just presented some good ideas how to reduce Lexus GX 460 insurance rates online in Virginia Beach. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding inexpensive Virginia Beach car insurance quotes. Consumers could even find that the lowest rates come from a smaller regional carrier.
As you quote Virginia Beach car insurance, never reduce needed coverages to save money. Too many times, someone dropped uninsured motorist or liability limits only to find out that their decision to reduce coverage ended up costing them more. The aim is to purchase plenty of coverage at a price you can afford, but do not skimp to save money.
To learn more, take a look at these articles:
- Preventing Carjacking and Theft (Insurance Information Institute)
- Who Has Affordable Virginia Beach Auto Insurance for Used Cars? (FAQ)
- Young Drivers: The High Risk Years Video (iihs.org)
- Choosing a Car for Your Teen (State Farm)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)