The best way we recommend to save money on Lexus LS 460 insurance is to compare quotes annually from insurers who provide car insurance in Charlotte.
- Try to learn a little about the coverage provided by your policy and the measures you can take to prevent rate increases. Many risk factors that drive up the price like traffic citations and a poor credit rating can be amended by being financially responsible and driving safely.
- Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like Progressive and State Farm, while agents who are independent can provide prices from multiple companies. Compare rates
- Compare the quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate, make sure there is no coverage gap between policies.
A crucial key to this process is that you’ll want to make sure you compare identical deductibles and limits on each quote request and and to get rates from as many different insurance providers as possible. This guarantees an accurate price comparison and a complete price analysis.
Astonishing but true, nearly 70% of consumers kept their coverage with the same insurance company for four years or more, and about 40% of consumers have never compared insurance rates at all. With the average insurance premium being $976, North Carolina drivers can save as much as 10% each year just by shopping around, but they don’t know the amount of money they would save if they switch to a new company.
Companies offering Lexus LS 460 insurance in Charlotte
The following companies have been selected to offer price quotes in North Carolina. If you want cheap auto insurance in Charlotte, we recommend you visit several of them to get a more complete price comparison.
Statistics and details
The rate information displayed next highlights a range of insurance costs for Lexus LS 460 models. Having a good grasp of how policy premiums are figured can be valuable when making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LS 460 4-Dr Sedan | $230 | $438 | $216 | $12 | $64 | $960 | $80 |
| LS 460 4-Dr Sedan | $230 | $438 | $216 | $12 | $64 | $960 | $80 |
| LS 460 AWD 4-Dr | $230 | $438 | $216 | $12 | $64 | $960 | $80 |
| LS 460 L 4-Dr Sedan | $230 | $438 | $216 | $12 | $64 | $960 | $80 |
| LS 460 L AWD 4-Dr | $230 | $438 | $216 | $12 | $64 | $960 | $80 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Premium amounts do not factor in specific location information which can change premiums noticeably.
The illustration below illustrates how your choice of deductibles and can impact Lexus LS 460 yearly insurance costs for different age groups. The rates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
Insurance premiums by gender
The diagram below compares Lexus LS 460 insurance costs for male and female drivers. The premiums assume no accidents, no driving violations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied.
Difference between full coverage and liability only rates
The chart below shows the comparison of Lexus LS 460 insurance premiums with liability coverage only compared to full coverage. The premiums assume no claims or driving violations, $500 deductibles, marital status is single, and no additional discounts are factored in.
Guidelines for eliminating full coverage
There is no exact rule of when to eliminate physical damage insurance, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Lexus LS 460 claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after paying the physical damage deductible. If it’s costing you more than $700 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where eliminating full coverage is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
Charlotte insurance discounts for a Lexus LS 460
Companies that sell car insurance don’t always list all their discounts in an easy-to-find place, so the list below gives a summary of some of the best known and the harder-to-find discounts that you can inquire about if you buy Charlotte auto insurance online. If you do not double check each discount possible, it’s possible you qualify for a lower rate.
- Safety Restraint Discount – Requiring all passengers to wear their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
- Anti-lock Brake System – Cars with anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
- Active Military Service – Being deployed in the military may qualify for rate reductions.
- Memberships – Belonging to a qualifying organization could trigger savings on your next car insurance statement.
- Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education if offered at their school.
- Passive Restraints and Air Bags – Vehicles equipped with air bags may earn rate discounts of 25 to 30%.
One last thing about discounts, many deductions do not apply to the whole policy. A few only apply to specific coverage prices like liability and collision coverage. So even though it sounds like you can get free auto insurance, it doesn’t quite work that way.
The example below shows the comparison of Lexus LS 460 insurance prices with and without discounts applied. The information is based on a female driver, no claims, a clean driving record, North Carolina state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, safe-driver, marriage, claim-free, and homeowner discounts applied.
To view providers that offer multiple discounts in North Carolina, follow this link.
Car insurance quotes from neighborhood Charlotte auto insurance agents
Many drivers still prefer to have an agent’s advice and we recommend doing that Experienced insurance agents can make sure you are properly covered and give you someone to call. A nice benefit of getting online price quotes is that drivers can save money and get lower rates and still choose a local agent.
After filling out this form (opens in new window), your insurance coverage information is immediately sent to agents in your area that give free quotes and help you find cheaper coverage. There is no reason to find an agent on your own since rate quotes are delivered to you instantly. If for some reason you want to get a price quote from a particular provider, just find their quoting web page and complete a quote there.
Finding the right provider should depend on more than just a cheap price. Here are some questions to ask:
- Does the agency have a current Errors and Omissions policy?
- Are there any extra charges for paying monthly?
- What are their preferred companies if they are an independent agency?
- How will an accident affect your rates?
- Can you choose the body shop in case repairs are needed?
- How long has their agency been open in Charlotte?
- Can you contact them at any time?
If you want to buy car insurance from local Charlotte agents, there are a couple of different types of agencies and how they differ in how they can insure your vehicles. Agents can either be exclusive agents or independent agents. Either one can do a good job, but it’s worth learning how they differ because it may have an impact on the selection process.
Exclusive Car Insurance Agencies
Exclusive agents are contracted to one company such as Allstate, State Farm and Farmers Insurance. Exclusive agents cannot compare other company’s rates so if the price isn’t competitive there isn’t much they can do. They are well trained in insurance sales which helps them compete with independent agents. Some insured continue to buy from exclusive agents mostly because of the brand name rather than low rates.
Shown below is a list of exclusive insurance agents in Charlotte that are able to give price quote information.
- AAA Carolinas
6600 A A A Dr – Charlotte, NC 28212 – (704) 569-3600 – View Map - Michael Pritchard – State Farm Insurance Agent
8633 Monroe Rd d – Charlotte, NC 28212 – (704) 535-2292 – View Map - Brian McCaw – State Farm Insurance Agent
5950 Fairview Rd #220 – Charlotte, NC 28210 – (704) 554-0144 – View Map
Independent Agents
Agents in the independent channel can sell policies from many different companies so they can quote policies with many different companies and potentially find a lower price. To move your coverage to a new company, your agent can just switch to a different company and you don’t have to do anything.
When comparing car insurance prices, we recommend you compare prices from several independent insurance agents so that you have a good selection of quotes to compare. Most can insure with small mutual carriers that can offer cheaper rates than bigger companies.
Shown below are Charlotte independent insurance agencies that can give you price quotes.
- Nationwide Insurance – William Laurie Agency
8820 University E Dr Ste B – Charlotte, NC 28213 – (704) 945-2331 – View Map - Pegram Insurance
4420 C The Plaza – Charlotte, NC 28215 – (704) 563-4343 – View Map - Nationwide Insurance: Timothy G Hausmann Agency
2313 Randolph Rd – Charlotte, NC 28207 – (704) 332-0011 – View Map
What auto insurance coverages do you need?
Knowing the specifics of your auto insurance policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.
Collision – This will pay to fix damage to your LS 460 from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as hitting a mailbox, rolling your car, colliding with a tree, sustaining damage from a pot hole and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to raise the deductible on your LS 460 to bring the cost down.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required (which is 30/60/25), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Coverage for liability – This coverage can cover damage or injury you incur to other people or property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 30/60/25 which stand for a $30,000 limit per person for injuries, a per accident bodily injury limit of $60,000, and property damage coverage for $25,000.
Liability coverage pays for things like bail bonds, legal defense fees, structural damage and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible. North Carolina state minimum liability requirements are 30/60/25 but it’s recommended drivers buy more coverage.
The chart below shows why buying low liability limits may not be adequate coverage.
Comprehensive auto coverage – This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like fire damage, theft, rock chips in glass and damage from getting keyed. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Medical payments and PIP coverage – Med pay and PIP coverage kick in for expenses for pain medications, prosthetic devices, funeral costs and hospital visits. They are often utilized in addition to your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
One last thing to lower rates
When searching for cheaper Charlotte auto insurance quotes, never reduce coverage to reduce premium. There are many occasions where an insured cut uninsured motorist or liability limits to discover at claim time that the savings was not a smart move. The goal is to buy a smart amount of coverage at a price you can afford, but don’t skip important coverages to save money.
We’ve covered a lot of information how to get a better price on Lexus LS 460 insurance in Charlotte. The most important thing to understand is the more companies you get car insurance rates for, the better likelihood of getting low cost Charlotte auto insurance quotes. You may even find the most savings is with the smaller companies.
Lower-priced Lexus LS 460 insurance in Charlotte is possible on the web as well as from independent agents in Charlotte, and you should compare price quotes from both in order to have the best chance of saving money. Some companies don’t offer internet price quotes and most of the time these small, regional companies provide coverage only through local independent agents.
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