If online insurance comparisons are new to you, you may be baffled thanks to the incredible selection insurance agents and companies all offering big savings in Cincinnati.
It’s safe to assume that car insurance companies want to keep you from shopping around. People who get comparison quotes at least once a year are very likely to switch insurance companies because they have a good chance of finding a policy with better rates. A study showed that consumers who compared rates regularly saved as much as $850 each year compared to drivers who never compared prices.
If finding the cheapest rates on Lexus GS 450h insurance in Cincinnati is your ultimate target, then learning a little about how to get rate quotes and compare coverages can make it simple to find affordable coverage.
Consumers need to get comparison quotes at least once a year due to the fact that insurance prices go up and down regularly. Just because you had the best price on Lexus GS 450h insurance in Cincinnati two years ago you can probably find a lower rate today. Don’t believe everything you read about GS 450h insurance online but in just a couple of minutes you can learn some great ways to find cheap insurance in Cincinnati.
To find the best car insurance quotes, there are several ways to compare prices from many different Ohio insurance companies. The simplest method to find affordable Lexus GS 450h insurance rates is simply to get online rate quotes.
Keep in mind that more quotes increases the chance that you will find the best price.
The auto insurance companies shown below are ready to provide price quotes in Ohio. To buy the best car insurance in Cincinnati, we suggest you click on several of them in order to find the lowest rates.
Cheaper rates on Lexus GS 450h insurance in Cincinnati with these seven discounts
Some providers don’t list every policy discount in a way that’s easy to find, so the list below gives a summary of a few of the more well known and the more hidden ways to save on insurance. If you do not double check each discount you qualify for, you are throwing money away.
- Driving Data Discount – People who choose to allow their insurance company to spy on when and where they use their vehicle by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they exhibit good driving behavior.
- No Accidents – Good drivers with no accidents pay much less in comparison to frequent claim filers.
- Payment Method – If you can afford to pay the entire bill instead of making monthly payments you can avoid monthly service charges.
- Cincinnati Homeowners Pay Less – Being a homeowner can get you a discount because of the fact that having a home is proof that your finances are in order.
- Anti-theft Discount – Cars and trucks with anti-theft systems are stolen less frequently and can earn a small discount on your policy.
- Discounts for New Vehicles – Insuring a new GS 450h can be considerably cheaper since new vehicles are generally safer.
- Renewal Discounts – Some larger companies reward drivers for buying a new policy before your current coverage expires. It’s a savings of about 10%.
Discounts lower rates, but most of the big mark downs will not be given to the entire cost. Most cut specific coverage prices like collision or personal injury protection. So despite the fact that it appears it’s possible to get free car insurance, it just doesn’t work that way. But any discount should help reduce the premium cost.
The chart below visualizes the comparison of Lexus GS 450h auto insurance rates with and without policy discounts. The premiums are based on a male driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, claim-free, marriage, and safe-driver discounts applied.
Companies that have most of the discounts above are:
If you need lower rates, check with each company which discounts you qualify for. Discounts might not be offered on policies in Cincinnati. To choose providers who offer free Lexus GS 450h insurance quotes in Ohio, click this link.
Lexus GS 450h insurance rates and statistics
The coverage table displayed below outlines detailed analysis of prices for Lexus GS 450h models. Having a good grasp of how insurance premiums are established is important to be able to make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $220 | $450 | $306 | $18 | $92 | $1,086 | $91 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rate information does not factor in vehicle location which can raise or lower coverage prices noticeably.
Physical damage deductible comparison
One frequently asked question is how high should the physical damage coverage deductibles be. The comparison tables below outline the differences in price when you buy lower versus higher insurance deductibles. The first pricing table uses a $250 physical damage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $244 | $454 | $226 | $14 | $68 | $1,031 | $86 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $198 | $366 | $226 | $14 | $68 | $872 | $73 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium amounts do not factor in specific garaging location which can alter coverage rates substantially.
Based on the figures above, using a $250 deductible costs about $13 more each month or $156 a year than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 19 months between claim filings, you would come out ahead by selecting a higher deductible. The illustration below shows how you can perform this determination yourself.
| Average monthly premium for $250 deductibles: | $86 |
| Average monthly premium for $500 deductibles (subtract): | – $73 |
| Monthly savings from raising deductible: | $13 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $13 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One thing to be aware of is that raising deductibles to save money results in more money out-of-pocket when you do file a claim. You should have enough extra money in order to pay the deductible for vehicle repair.
Full coverage versus liability only rates
The illustration below shows the difference between Lexus GS 450h auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are applied.
When to eliminate full coverage
There is no definitive rule that is best for determining when to drop comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Lexus GS 450h book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $2,000 after paying the physical damage deductible. If you are paying over $200 annually to have full coverage, then it could be time to drop full coverage.
There are some conditions where dropping full coverage is not a good idea. If you still owe money on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Insurance agents near you
A small number of people still like to have an agent’s advice and we recommend doing that One of the best bonuses of comparing insurance prices online is that you can find the lowest rates and still buy from a local agent. And buying from local insurance agencies is important particularly in Cincinnati.
To find an agent, once you fill out this short form, the quote information is transmitted to insurance agents in Cincinnati who want to provide quotes for your business. You won’t need to do any legwork because quoted prices will be sent directly to you. You can get cheaper insurance rates without having to waste a lot of time. If for some reason you want to compare prices from a specific company, you would need to find their quoting web page and give them your coverage information.
If you’re trying to find a local Cincinnati insurance agency, it helps to know the two different types of agents and how they work. Cincinnati agents may be either exclusive agents or independent agents.
Independent Agencies or Brokers
Agents in the independent channel are not employed by any specific company so they can insure your vehicles through many companies and get the cheapest rates. If your agent finds better pricing, your policy is moved internally and you stay with the same agent.
If you need cheaper insurance rates, you will want to include rate quotes from several independent agencies to maximize your price options. Most can insure with mutual insurance companies which can save you money.
Featured below is a list of independent insurance agencies in Cincinnati that may be able to give free price quotes.
- CAI Insurance Agency, Inc.
2035 Reading Rd – Cincinnati, OH 45202 – (513) 221-1140 – View Map - Huesman Schmid Insurance Agency, Inc
5670 Cheviot Rd – Cincinnati, OH 45247 – (513) 521-8590 – View Map - Hettesheimer Insurance Agency Inc.
3254 Montana Ave #1000 – Cincinnati, OH 45211 – (513) 661-7581 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive can only write with one company such as AAA, Allstate, and State Farm. 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 on what they offer and that enables them to sell even at higher rates. Some people will only use the same agent partially due to the brand name and strong financial ratings.
Below is a list of exclusive insurance agencies in Cincinnati who can help you get price quotes.
- American Family Insurance – Barbara Hall
4010 N Bend Rd Ste 300 – Cincinnati, OH 45211 – (513) 347-9492 – View Map - State Farm: Randy Wagner
1167 8 Mile Rd – Cincinnati, OH 45255 – (513) 474-4100 – View Map - Deatria Walker – State Farm Insurance Agent
3252 N Bend Rd – Cincinnati, OH 45239 – (513) 661-0400 – View Map
Deciding on an auto insurance agent needs to be determined by more than just the price. The following questions are important to ask.
- Does the agency have a current Errors and Omissions policy?
- When do they do policy reviews?
- Will they give you a referral list?
- Do they have cheaper tiers of coverage?
- How are they compensated?
Once you have positive responses for all questions you ask and an acceptable price quote, you may have found an insurance agency that meets your needs to provide insurance coverage.
Insuring your GS 450h just makes sense
Despite the high cost, paying for insurance is most likely required but also gives you several important benefits.
- Almost all states have mandatory insurance requirements which means state laws require a minimum amount of liability in order to drive the car legally. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a loan, it’s most likely the lender will force you to have insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank may insure your Lexus at a significantly higher premium and require you to pay for the much more expensive policy.
- Insurance protects not only your Lexus but also your assets. It will also pay for medical expenses incurred in an accident. Liability coverage will also pay for a defense attorney if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of insuring your car are definitely more than the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is wasting up to $830 a year so we recommend shopping around once a year at a minimum to be sure current rates are still competitive.
Auto insurance policy specifics
Knowing the specifics of your policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance pay for immediate expenses like doctor visits, X-ray expenses, funeral costs and prosthetic devices. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible
Auto liability
This coverage provides protection from injuries or damage you cause to people or other property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged property. Some companies may use a combined limit that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against things such as structural damage, repair costs for stationary objects, bail bonds and attorney fees. How much coverage you buy is a personal decision, but buy higher limits if possible. Ohio requires drivers to carry at least 25/50/25 but it’s recommended drivers buy higher limits.
The illustration below shows why buying minimum limits may not be enough coverage.
Comprehensive coverage (or Other than Collision)
This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as rock chips in glass, fire damage and damage from a tornado or hurricane. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Collision insurance
This coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like crashing into a ditch, colliding with another moving vehicle, hitting a parking meter, damaging your car on a curb and backing into a parked car. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also choose a higher deductible on your GS 450h in order to get cheaper collision rates.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Lexus GS 450h.
Since a lot of drivers only purchase the least amount of liability that is required (25/50/25 in Ohio), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time the UM/UIM limits are set the same as your liability limits.
Ohio auto insurance companies
Selecting the top company can be a challenge considering how many companies sell coverage in Cincinnati. The ranking information shown next may help you analyze which insurers you want to consider buying from.
Top 10 Cincinnati Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- GEICO
- AAA Insurance
- Safeco Insurance
- Esurance
- The General
Top 10 Cincinnati Car Insurance Companies by A.M. Best Rank
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Don’t give up on cheap rates
Consumers who switch companies do it for any number of reasons including denial of a claim, lack of trust in their agent, extreme rates for teen drivers or even delays in paying claims. Regardless of your reason, finding a new company is not as difficult as it may seem.
In this article, we presented a lot of ways to lower your Lexus GS 450h insurance premium rates in Cincinnati. The most important thing to understand is the more quotes you get, the better your comparison will be. Drivers may even discover the lowest priced car insurance comes from some of the lesser-known companies.
When buying insurance coverage, make sure you don’t sacrifice coverage to reduce premiums. There have been many cases where an insured cut physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your objective should be to buy the best coverage you can find at a price you can afford, but do not sacrifice coverage to save money.
How to quote cheaper Lexus GS 450h insurance in Cincinnati
The preferred way to find better pricing on Lexus GS 450h insurance is to start doing an annual price comparison from insurers that insure vehicles in Cincinnati.
- Get a basic knowledge of how companies set rates and the measures you can control to prevent expensive coverage. Many rating factors that drive up the price like traffic tickets, fender benders, and a less-than-favorable credit history can be rectified by making minor driving habit or lifestyle changes.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Allstate, while agents who are independent can quote rates from multiple sources.
- Compare the new rate quotes to your current policy to see if a cheaper price is available. If you find a lower rate and switch companies, ensure there is no coverage lapse between policies.
- Notify your agent or company of your decision to cancel your current car insurance policy and submit the required down payment along with the signed application for your new policy. Once the paperwork is finalized, place your new certificate verifying proof of insurance in your vehicle.
One key aspect when comparing rates is to try to compare similar coverage information on each price quote and and to get price estimates from all possible companies. This ensures the most accurate price comparison and many rates to choose from.
More information is available below:
- Safety Tips for Teen Drivers (Insurance Information Institute)
- How Much are Car Insurance Quotes for Drivers with Bad Credit in Cincinnati? (FAQ)
- How Much is Cincinnati Auto Insurance for Veterans? (FAQ)
- Who Has the Cheapest Cincinnati Car Insurance Rates for High Mileage Drivers? (FAQ)
- What Insurance is Cheapest for College Students in Cincinnati? (FAQ)
- Credit Impacts Car Insurance Rates (State Farm)
- Credit and Insurance Scores (Insurance Information Institute)
- Understanding Rental Car Insurance (Insurance Information Institute)