Would you like an easy way to compare more competitive auto insurance rates in Denver, CO? Denver buyers have lots of choices when searching for low-cost Lexus LS 460 insurance. You can either spend your time driving around to get rate comparisons or save time using the internet to compare rates. There is a better way to buy auto insurance so we’re going to tell you the absolute fastest way to quote coverages on a Lexus and locate the lowest possible price from Denver insurance agents and online providers.
If you have a current car insurance policy or are looking for a new policy, you can follow these tips to reduce premiums and possibly find even better coverage. The purpose of this article is to familiarize you with how insurance works and how you can save the most money. Comparison shoppers just need to know the tricks to compare different rates over the internet.
Get cheaper Lexus LS 460 insurance in Denver with discounts
Buying auto insurance is not cheap, but you might be missing out on some discounts that many consumers don’t even know exist. Larger premium reductions will be automatically applied at quote time, but some may not be applied and must be asked for prior to getting the savings.
- Accident-Free Discounts – Drivers with accident-free driving histories are rewarded with significantly better rates on Denver auto insurance quote as opposed to drivers who are more careless.
- Online Discount – Some of the larger companies give back up to $50 for completing your application on the web.
- Discounts for Good Drivers – Drivers without accidents may save up to 50% more compared to rates paid by drivers with frequent claims.
- Discounts for Seat Belt Usage – Forcing all vehicle occupants to buckle up before driving can save up to 10 percent (depending on the company) off the personal injury premium cost.
- Military Discounts – Having a family member in the military may qualify for rate reductions.
- Student in College – Older children who are enrolled in higher education away from home without a vehicle on campus could qualify for this discount.
- Home Ownership Discount – Owning a home in Denver can save you money because owning a home is proof that your finances are in order.
- Bundle and Save – When you combine your home and auto insurance with the same insurance company you may earn at least 10 to 15 percent or more.
- Fewer Miles Equal More Savings – Maintaining low annual mileage can earn substantially lower auto insurance rates.
Discounts reduce rates, but you should keep in mind that many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. Despite the appearance that all those discounts means the company will pay you, insurance companies wouldn’t stay in business. Any qualifying discounts will lower your premiums.
Some companies who might offer many of the previously listed discounts include:
If you are trying to find inexpensive Denver auto insurance quotes, ask every insurance company how many discounts you can get. Some of the discounts discussed earlier might not apply everywhere. If you would like to view providers that offer some of these discounts in Denver, click this link.
The auto insurance companies shown below offer comparison quotes in Denver, CO. If multiple companies are listed, we recommend you compare several of them in order to get a fair rate comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LS 460 4-Dr Sedan | $320 | $666 | $286 | $16 | $86 | $1,374 | $115 |
| LS 460 4-Dr Sedan | $258 | $524 | $280 | $16 | $84 | $1,162 | $97 |
| LS 460 AWD 4-Dr | $288 | $650 | $338 | $20 | $102 | $1,398 | $117 |
| LS 460 L 4-Dr Sedan | $458 | $936 | $298 | $18 | $90 | $1,800 | $150 |
| LS 460 L AWD 4-Dr | $218 | $482 | $338 | $20 | $102 | $1,160 | $97 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in Denver location which can revise premiums greatly.
Should you raise deductibles?
When comparing car insurance rates, the most common question is where should you set your physical damage deductibles. The data tables below may help you to understand the differences in premium rates between high and low policy deductibles. The first price estimate table uses a $250 physical damage coverage deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LS 460 4-Dr Sedan | $412 | $784 | $298 | $18 | $90 | $1,627 | $136 |
| LS 460 4-Dr Sedan | $412 | $784 | $298 | $18 | $90 | $1,627 | $136 |
| LS 460 AWD 4-Dr | $412 | $784 | $298 | $18 | $90 | $1,627 | $136 |
| LS 460 L 4-Dr Sedan | $412 | $784 | $298 | $18 | $90 | $1,627 | $136 |
| LS 460 L AWD 4-Dr | $412 | $784 | $298 | $18 | $90 | $1,627 | $136 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LS 460 4-Dr Sedan | $334 | $632 | $298 | $18 | $90 | $1,372 | $114 |
| LS 460 4-Dr Sedan | $334 | $632 | $298 | $18 | $90 | $1,372 | $114 |
| LS 460 AWD 4-Dr | $334 | $632 | $298 | $18 | $90 | $1,372 | $114 |
| LS 460 L 4-Dr Sedan | $334 | $632 | $298 | $18 | $90 | $1,372 | $114 |
| LS 460 L AWD 4-Dr | $334 | $632 | $298 | $18 | $90 | $1,372 | $114 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Price estimates do not factor in vehicle garaging location which can increase or decrease auto insurance rates greatly.
Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $22 more each month or $264 a year than opting for the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you have at least 11 months between claim filings, you would save money going with the higher deductible.
Gender differences in car insurance premiums
The example below shows the difference between Lexus LS 460 premium costs for male and female drivers. The rate quotes are based on a clean driving record, no claims, full physical damage coverage, $100 deductibles, marital status is single, and no discounts are applied.
Do you need full coverage?
The illustration below illustrates the difference between Lexus LS 460 insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The premiums are based on no claims or violations, $500 deductibles, married male driver, and no discounts are factored in.
When to stop paying for full coverage
There isn’t a written rule that is best for determining when to drop comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s assume your Lexus LS 460 settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $2,000 after paying your policy deductible. If you are paying more than $200 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are a few cases where dropping physical damage coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.
You Can Change Your Insurance Rates
Multiple criteria are used when quoting car insurance. Some are obvious such as your driving history, but some are more transparent like your continuous coverage or your financial responsibility.
- Is car insurance cheaper for males or females? – Over the last 50 years, statistics have shown females are less aggressive when driving. It does not mean females are better drivers. Women and men tend to get into accidents at about the same rate, but the men cause more damage and cost insurance companies more money. Not only that, but men also receive more costly citations like DUI and reckless driving.
- Insurance rates for married couples – Having a significant other can actually save you money on insurance. Marriage means you’re more mature it has been statistically shown that married drivers get in fewer accidents.
- Performance influences costs – The performance level of the car or truck you are buying insurance for makes a significant difference in your car insurance bill. Since the Lexus LS 460 falls in the luxury sedan class, insuring your vehicle will cost more as compared to the average rate in Denver. Smaller low performance passenger cars receive the most favorable rates, but the cost you end up paying is determined by many additional factors.
- Does your occupation raise your premiums? – Occupations like lawyers, business owners and emergency personnel have higher rates than average due to high stress levels and extremely grueling work hours. Conversely, professions such as farmers, students and homemakers get better rates.
- Bump up coverage deductibles to lower rates – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your Lexus. A few examples of covered claims could be a broken windshield, collision with an animal, and rolling your vehicle. Physical damage deductibles are the amount of money you are willing to pay if a covered claim is submitted. The more expense you’re willing to pay, the lower your rates will be.
- Insurance losses for a Lexus LS 460 – Car insurance companies use statistical claims data in order to profitably underwrite each model. Vehicles that statistically have a trend towards higher claim severity or frequency will cost more to insure. The table below shows the actual insurance loss data for Lexus LS 460 vehicles.
For each policy coverage type, the claim probability for all vehicles, regardless of make, model or trim level, is equal to 100. Percentages below 100 suggest losses that are better than average, while percentage numbers above 100 indicate a higher chance of having a claim or statistically larger claims.
Lexus LS 460 Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Lexus LS 460 4dr 2WD 155 76 203 52 Lexus LS 460 4dr 4WD 207 102 239 62 Lexus LS 460 L 4dr 2WD 199 Lexus LS 460 L 4dr 4WD 251 324 Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Special considerations
Always keep in mind that when comparing proper insurance coverage for your personal vehicles, there really isn’t a “perfect” insurance plan. Each situation is unique so your insurance should reflect that These are some specific questions might help in determining if you might need an agent’s assistance.
- Do I need higher collision deductibles?
- Do I need PIP coverage since I have good health insurance?
- Who is covered by my policy?
- How much liability coverage do I need in Colorado?
- Can my teen drive my company car?
- What is high-risk coverage and where do I buy it?
If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.
When should I get advice from a local insurance agent?
A lot of people just prefer to get advice from a local agent and that is a personal choice. Professional agents are trained to spot inefficiencies and help file insurance claims. A good thing about comparing rate quotes online is that you can obtain lower rates and still have a local agent.
By using this short form, your coverage information is transmitted to participating agents in Denver that can provide free Denver auto insurance quotes for your business. It makes it easy because there is no need to find an agent because prices are sent immediately to you. If you want to get a comparison quote from one company in particular, you just need to find their quoting web page and give them your coverage information.
Selecting an company should depend on more than just a cheap quote. Agents should be asked these questions:
- Will they take your side in the event of a claim?
- Can glass repairs be made at your home?
- Is the agent and/or agency licensed to do business in Colorado?
- Do they get extra compensation for selling add-on coverages?
- When do they do a full risk review?
- Is the agent CPCU or CIC certified?
- Are aftermarket or OEM parts used to repair vehicles?
Two types of car insurance agents
If you want to use a local Denver insurance agency, it can be helpful to understand the different types of agents and how they function. Car insurance agents are categorized either independent agents or exclusive agents. Either one can sell car insurance policies, but it is important to understand the difference in the companies they write for since it can impact buying decisions.
Exclusive Car Insurance Agencies
Exclusive agencies can only provide one company’s prices and examples are AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot provide rate quotes from other companies so you need to shop around if the rates are high. These agents are usually quite knowledgeable on the products they sell and that can be a competitive advantage. Some consumers prefer to use the same exclusive agent mostly because of the brand name and the convenience of having a single billing for all their coverages.
Listed below is a short list of exclusive agents in Denver who can help you get comparison quotes.
- Stephanie Sponder – State Farm Insurance Agent
671 E 19th Ave – Denver, CO 80203 – (303) 744-0757 – View Map - Farmers Insurance Agent Mike
I-25 – Denver, CO 80231 – (303) 752-2900 – View Map - Austin Domsch – State Farm Insurance Agent
400 S Colorado Blvd #890 – Denver, CO 80246 – (303) 321-0895 – View Map
Independent Car Insurance Agencies
Independent agents do not write with just one company so they can quote policies through many different car insurance companies and get the cheapest rates. If premiums increase, an independent agent can move your coverage and you don’t have to do anything. If you are comparing car insurance prices, you will want to get insurance quotes from independent agents for maximum quote selection. Most also have access to smaller companies which may provide better rates.
The following are Denver independent insurance agents that can give you comparison quotes.
- Gonzalez Insurance Agency
6450 E Colfax Ave – Denver, CO 80220 – (303) 320-4901 – View Map - Alliance General Insurance Agency
2696 CO-2 – Denver, CO 80222 – (303) 377-1172 – View Map - Nationwide Insurance: Lloyd Pro Group Agency
1400 S Columbine St – Denver, CO 80210 – (970) 230-3020 – View Map
After you get acceptable answers to all your questions as well as a price you’re happy with, most likely you have located a car insurance agent that meets your needs to adequately provide car insurance.
Insurance is not optional but you don’t have to overpay
Even though it can be expensive, insurance may not be optional for several reasons.
- Most states have compulsory liability insurance requirements which means state laws require specific minimum amounts of liability coverage if you drive a vehicle. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you took out a loan on your LS 460, most lenders will require that you carry insurance to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank will be required to insure your Lexus at an extremely high rate and require you to fork over for the expensive policy.
- Insurance preserves both your Lexus LS 460 and your personal assets. It will also reimburse you for all forms of medical expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If you have damage to your Lexus as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of buying insurance definitely exceed the cost, specifically if you ever have a liability claim. According to a survey of 1,000 drivers, the average driver is wasting up to $820 a year so it’s important to compare rates at every renewal to make sure the price is not too high.
Quote more and you will save more
There are still a few companies who do not provide online rate quotes and most of the time these smaller companies provide coverage only through independent insurance agencies. Affordable Lexus LS 460 insurance in Denver can be sourced on the web and with local Denver insurance agents, and you need to price shop both to have the best rate selection.
We just showed you a lot of information how to get a better price on Lexus LS 460 insurance in Denver. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your prices. Drivers may even discover the lowest premium rates come from some of the smallest insurance companies. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate or State Farm.
More information is available at these links:
- Drunk Driving Statistics (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Rates After a Speeding Ticket in Denver? (FAQ)
- How Much are Car Insurance Quotes for a Kia Optima in Denver? (FAQ)
- How Much is Car Insurance for College Students in Denver? (FAQ)
- Who Has Cheap Denver Auto Insurance Rates for a Chevrolet Equinox? (FAQ)
- Who Has Cheap Auto Insurance for College Graduates in Denver? (FAQ)
- Who Has Cheap Denver Car Insurance Quotes for Used Cars? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Drivers Over Age 50 in Denver? (FAQ)
- All About Airbag Safety (State Farm)
- Teen Driving Statistics (GEICO)