Astonishing but true, 70% of consumers have bought car insurance from the same company for at least four years, and about 40% of consumers have never compared rates to find cheap insurance. With the average premium in Texas being $2,679, drivers could save roughly 70% every year just by shopping around, but they just don’t understand how easy it is to shop their coverage around.
Really, the only way to find more affordable Lexus GX 460 insurance is to compare quotes annually from different companies that insure vehicles in Dallas.
- Step 1: Try to understand auto insurance and the changes you can make to keep rates in check. Many risk factors that cause rate increases like multiple speeding tickets and a poor credit rating can be remedied by making small lifestyle or driving habit changes.
- Step 2: Compare price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes from multiple companies.
- Step 3: Compare the quotes to the price on your current policy and see if there is a cheaper rate. If you find better rates, ensure there is no coverage lapse between policies.
- Step 4: Provide notification to your current agent or company of your decision to cancel your current coverage. Submit payment and a signed application for your new policy. When you receive it, keep the new certificate verifying proof of insurance with the vehicle registration.
An important bit of advice to remember is to make sure you’re comparing the same level of coverage on every price quote and and to get prices from all possible companies. Doing this enables a fair rate comparison and the best price quote selection.
If you have insurance now or just want a better rate, you can use these tips to reduce the price you pay and still have adequate protection. Quoting and comparing cheaper car insurance policy in Dallas is not as confusing as people think. Drivers just need to know the proper methods to compare different rates over the internet.
Finding a better price on car insurance can be quick and easy. Drivers just need to take a few minutes to compare rates to discover which company has the cheapest Lexus GX 460 rate quotes.
The providers in the list below can provide free quotes in Texas. If more than one company is shown, we suggest you visit several of them in order to find the lowest rates.
Insurance statistics and figures
The data table displayed next showcases estimates of insurance premium costs for Lexus GX 460 models. Having a good understanding how premiums are calculated can help you make informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GX 460 4WD 4-Dr | $356 | $760 | $496 | $30 | $148 | $1,790 | $149 |
| GX 460 Premium 4WD 4-Dr | $392 | $760 | $496 | $30 | $148 | $1,826 | $152 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rate information does not factor in specific location information which can change premiums substantially.
Comparison of policy deductibles
One of the more difficult decisions when buying insurance is at what level do you set your deductibles. The following insurance rates sum up how much more you’ll pay of buying low and high policy deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GX 460 4WD 4-Dr | $412 | $804 | $382 | $22 | $114 | $1,759 | $147 |
| GX 460 Premium 4WD 4-Dr | $454 | $804 | $382 | $22 | $114 | $1,801 | $150 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GX 460 4WD 4-Dr | $228 | $424 | $382 | $22 | $114 | $1,170 | $98 |
| GX 460 Premium 4WD 4-Dr | $252 | $424 | $382 | $22 | $114 | $1,194 | $100 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Estimates do not factor in your specific Dallas location which can affect price quotes greatly.
Using the data above, we can ascertain that using a $100 deductible costs an average of $50 more each month or $600 a year than quoting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 18 months between claims, you would come out ahead by selecting a higher deductible.
Full coverage rates vs. liability-only in Dallas
The chart below shows the comparison of Lexus GX 460 car insurance costs with full physical damage coverage and with liability coverage only. The information is based on no violations or claims, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
When to stop paying for full coverage
There is no exact rule that works best for making the decision to drop physical damage coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s assume your Lexus GX 460 settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after paying your policy deductible. If it’s costing in excess of $600 annually for full coverage, then it might be time to consider dropping full coverage.
There are some situations where dropping full coverage is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not opt for liability only.
Insurance does more than just protect your car
Even though it can be expensive, maintaining insurance may be required and benefits you in several ways.
- Almost all states have compulsory liability insurance requirements which means you are required to carry a specific minimum amount of liability in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Lexus has a lienholder, more than likely the lender will make it mandatory that you have physical damage coverage to guarantee payment of the loan. If you let the policy lapse, the bank may buy a policy for your Lexus at a much higher premium rate and require you to reimburse them a much higher amount than you were paying before.
- Insurance protects not only your Lexus but also your financial assets. Insurance will also pay for many types of medical costs incurred in an accident. One policy coverage, liability insurance, also covers legal expenses in the event you are sued. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of having insurance are definitely more than the cost, particularly if you ever have a claim. Today the average American driver is currently overpaying as much as $869 every year so you should quote your policy with other companies every year to help ensure money is not being wasted.
Lower Your Dallas Insurance Premiums
Smart consumers have a good feel for some of the elements that go into determining auto insurance rates. If you know what influences your rates, this enables informed choices that may reward you with better auto insurance rates. Many different elements are used in the calculation when quoting car insurance. Some are pretty understandable such as your driving record, but other criteria are less obvious such as your marital status or your commute time.
The itemized list below are some of the things companies use to determine your rates.
More performance means higher premiums – The type of car you need insurance for makes a big difference in how high your rates are. The lowest performance passenger cars generally have the cheapest insurance rates, but other factors influence the final cost greatly.
The chart below assumes a married male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It shows Lexus GX 460 policy rates compared to other vehicles that have different risk factors.
Prevent auto insurance policy lapses – Not having insurance is against the law and you may have a hard time finding new coverage because you let your coverage lapse. Not only will you pay higher rates, getting caught without coverage could result in a hefty fine and possibly a revoked license. You may need to prove you have insurance by filing a SR-22 with the Texas motor vehicle department to get your license reinstated.
Poor credit decisions can cost you – Having a bad credit rating is a large factor in determining your rates. If your credit is not that good, you could save money insuring your Lexus GX 460 if you clean up your credit. Insureds with high credit ratings tend to be more responsible than drivers who have worse credit.
Insure car and home with the same company – Most insurance companies allow better rates to clients that have more than one policy in the form of a multi-policy discount. The discount can be ten or even fifteen percent. Even though this discount sounds good, you still need to compare Lexus GX 460 rates in Dallas to help guarantee you have the best rates.
Cars with good safety ratings means lower auto insurance rates – Cars with five star safety ratings can get you lower premiums. The safest vehicles reduce injuries and fewer injuries means less claims paid which can result in lower premiums.
Single vs. married – Walking down the aisle may cut your premiums compared to being single. Having a significant other means you’re more mature than a single person and insurance companies like that married drivers tend to file fewer claims.
Liability protection is cheap – Liability coverage will protect you if ever a jury decides you are liable for causing personal injury or damage in an accident. It provides you with a defense in court to attempt to prove you were not liable. It is affordable coverage compared to physical damage coverage, so do not skimp.
Insurance loss data for a Lexus GX 460 – Auto insurance companies include the past claim trends for vehicles as a tool for profitable underwriting. Models that are shown to have high amounts or severity of claims will have a higher premium rate.
The table below illustrates the loss history for Lexus GX 460 vehicles. For each coverage type, the claim probability for all vehicles, as a total average, is equal to 100. Percentage values below 100 mean the vehicle has better than average losses, while values over 100 point to more frequent losses or a tendency for losses to be larger than average.
| Specific Lexus 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
Discounts for affordable car insurance rates
Car insurance is not an enjoyable expense, but discounts can save money and there are some available that can dramatically reduce your bill. Certain discounts will be triggered automatically at the time of purchase, but some must be asked for before you will receive the discount. If they aren’t giving you every credit available, you are throwing money away.
- Accident Waiver – Not a discount per se, but some companies like State Farm, Progressive and GEICO will let one accident slide before raising your premiums so long as you are claim-free for a certain period of time.
- Theft Prevention System – Cars with anti-theft systems have a lower chance of being stolen and that can save you a little bit as well.
- Early Renewal Discounts – A few companies give discounts for buying a policy prior to your current GX 460 insurance policy expiration. It can save you around 10%.
- Accident-Free Discounts – Drivers with accident-free driving histories pay much less compared to policyholders that have many claims.
- Pay Early and Save – By paying your policy upfront instead of making monthly payments you could save up to 5%.
- Passenger Safety Discount – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts as much as 30%.
You should keep in mind that some of the credits will not apply to the entire policy premium. Most only apply to individual premiums such as physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, companies don’t profit that way.
The example below shows the comparison of Lexus GX 460 insurance rates with and without some available policy discounts. The data is based on a female driver, no accidents or driving violations, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, marriage, multi-car, safe-driver, and homeowner discounts applied.
Larger car insurance companies and a summarized list of policyholder discounts are detailed below.
- Progressive may have discounts that include continuous coverage, good student, multi-policy, online quote discount, homeowner, online signing, and multi-vehicle.
- SAFECO offers discounts for drive less, multi-car, accident prevention training, bundle discounts, safe driver, anti-theft, and homeowner.
- American Family may offer discounts for mySafetyValet, defensive driver, good student, TimeAway discount, good driver, and early bird.
- MetLife has discounts for good driver, accident-free, claim-free, multi-policy, and defensive driver.
- GEICO may include discounts for membership and employees, daytime running lights, federal employee, anti-theft, and multi-vehicle.
- The Hartford offers discounts including bundle, vehicle fuel type, anti-theft, driver training, good student, and air bag.
Check with each company or agent the best way to save money. Some credits may not apply to policyholders in Dallas. If you would like to see a list of car insurance companies that offer discounts in Texas, click here to view.
Insurance agents can help
When selecting insurance from an agent or online for your vehicles, there really isn’t a cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that.
For instance, these questions might point out whether you may require specific advice.
- Is borrowed equipment or tools covered if stolen or damaged?
- At what point should I drop full coverage?
- Does car insurance cover theft of personal property?
- Are rental cars covered under my policy?
- What is UM/UIM insurance?
- Can I insure my car for more than it’s worth?
- Do I need an umbrella policy?
- Can my teen drive my company car?
If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.
Local neighborhood Dallas car insurance agents
A small number of people would prefer to have an agent’s advice and often times that is recommended Most agents can answer important questions and help in the event of a claim. One of the best bonuses of price shopping on the web is you may find cheap rate quotes and still choose a local agent.
Upon completion of this simple form, your insurance data gets sent to agents in your area who can give free rate quotes and help you find cheaper coverage. You don’t have to search for an agent as quotes are delivered immediately to your email address. In the event you want to get a comparison quote from a specific insurance provider, you can always find their quoting web page and fill out their quote form.
Selecting an insurer shouldn’t rely on just the bottom line cost. Any agent in Dallas should have no problem answering these questions:
- Will their companies depreciate repairs to your car based on the mileage?
- Does the agency have a good rating with the Better Business Bureau?
- Which family members are covered?
- Does the company have a local claim office in Dallas?
- Is the agency involved in supporting local community causes?
- Do they see any coverage gaps in your plan?
- Will they give you a referral list?
Best car insurance agent in Dallas
If you want to use a reliable insurance agency, there are a couple of different types of agents to choose from. Insurance agents in Dallas can either be independent or exclusive. Either can insure your vehicles properly, but it’s worth mentioning the difference in the companies they write for since it can impact the selection process.
Exclusive Agents
Agents that elect to be exclusive have only one company to place business with such as Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents cannot compare rates from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are trained well on the products they sell and that allows them to sell at a higher price point. Some insured continue to buy insurance from these agents primarily because of high brand loyalty and the convenience of having all coverages with one company.
Listed below is a short list of exclusive insurance agents in Dallas that can give you price quotes.
- Bill Remley – State Farm Insurance Agent
4230 Lyndon B Johnson Fwy #105 – Dallas, TX 75244 – (972) 488-3822 – View Map - Larry Sandlin – State Farm Insurance Agent
4560 W Mockingbird Ln #120 – Dallas, TX 75209 – (214) 526-5227 – View Map - John Hall – State Farm Insurance Agent
3110 Webb Ave #205 – Dallas, TX 75205 – (972) 807-2051 – View Map
Independent Insurance Agencies
Independent agencies do not work for one specific company and that enables them to quote your coverage through many companies depending on which coverage is best. If you want to switch companies, your agent can just switch to a different company which requires no work on your part. If you are trying to find cheaper rates, you should always get several quotes from independent agents in order to compare the most rates. Many independent agencies also insure through mutual insurance companies which can be an advantage.
Shown below are Dallas independent agencies that are able to give rate quotes.
- Rodriguez Insurance Agency LLC
13111 N Central Expy Suite 8001 – Dallas, TX 75243 – (888) 797-1924 – View Map - Bankhead Insurance Agency LLC
10935 Estate Ln #380 – Dallas, TX 75238 – (214) 343-1333 – View Map - Nationwide Insurance: Paula L Ratliff Agency Inc
11661 Preston Rd #146 – Dallas, TX 75230 – (214) 890-0760 – View Map
Smart consumers save more
We covered many ideas to reduce Lexus GX 460 insurance prices online in Dallas. The most important thing to understand is the more rate quotes you have, the higher your chance of finding affordable Lexus GX 460 insurance quotes. Drivers may even discover the biggest savings come from some of the lesser-known companies. Some small companies may often insure only within specific states and give better rates as compared to the big name companies such as Progressive or GEICO.
While you’re price shopping online, it’s very important that you do not reduce coverage to reduce premium. In many instances, drivers have reduced liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. The aim is to buy enough coverage for the lowest cost, but do not sacrifice coverage to save money.
Additional information
- Vehicle Insurance (Wikipedia)
- Who Has Affordable Car Insurance Quotes for Inexperienced Drivers in Dallas? (FAQ)
- How Much are Auto Insurance Quotes for Drivers Requiring a SR22 in Dallas? (FAQ)
- How Much is Dallas Car Insurance for Nurses? (FAQ)
- How Much are Dallas Auto Insurance Quotes for Ride Shares? (FAQ)
- Young Drivers: The High Risk Years Video (iihs.org)
- Side Impact Crash Tests (iihs.org)
- Should I Buy a New or Used Car? (Allstate)