Compare Lexus LS 460 Insurance Quotes in Durham

Insurance quote for Lexus LS 460 in DurhamScraping up a payment for pricey Lexus LS 460 insurance in Durham can drain your savings and make it tough to pay other bills. Comparison shopping can be a smart way to tighten up your finances.

Smart shoppers know that auto insurance companies don’t want you to look at other companies. Drivers who shop around for cheaper rates will presumably buy a new policy because there is a good probability of finding a cheaper policy. A recent survey discovered that consumers who did price comparisons regularly saved an average of $865 annually compared to policyholders who never shopped around for cheaper prices.

If finding the lowest price for car insurance is your objective, learning the best ways to shop for car insurance can make it easier to shop your coverage around.

Consumers have multiple auto insurance companies to choose from, and although it’s nice to have a choice, it makes it harder to adequately compare rates for Lexus LS 460 insurance in Durham.

How to buy Lexus LS 460 insurance online

When shopping for the cheapest Lexus LS 460 rate quotes, there are a couple of ways to compare prices from different companies. The best way to find the cheapest Lexus LS 460 insurance rates consists of shopping online.

Getting quotes online is very simple and it makes it a waste of time to spend your day driving to local insurance agencies. The internet eliminates the middleman unless you’re the type of person who wants the guidance of an agent trained in personal lines coverage. Although, it is possible compare the best prices online but have a local agent actually write the policy.

Keep in mind that comparing a large number of companies helps you find more affordable rates.

The car insurance companies shown below have been selected to offer price comparisons in North Carolina. To get the best car insurance in Durham, NC, it’s highly recommended you visit several of them in order to find the lowest rates.

Lexus LS 460 insurance statistics and information

The information displayed below covers detailed analysis of insurance costs for Lexus LS 460 models. Having insight into how auto insurance prices are formulated can be valuable when making decisions when shopping your coverage around.


Lexus LS 460 Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LS 460 4-Dr Sedan $324 $662 $212 $12 $64 $1,274 $106
LS 460 4-Dr Sedan $324 $662 $212 $12 $64 $1,274 $106
LS 460 AWD 4-Dr $324 $662 $212 $12 $64 $1,274 $106
LS 460 L 4-Dr Sedan $324 $662 $212 $12 $64 $1,274 $106
LS 460 L AWD 4-Dr $324 $662 $212 $12 $64 $1,274 $106
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rates do not factor in vehicle garaging location which can influence insurance rates considerably.

Car insurance deductibles

One frequently asked question is which deductible level should you buy. The comparison tables below may help you to understand the differences in price when you buy lower versus higher deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.


Lexus LS 460 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LS 460 4-Dr Sedan $324 $662 $212 $12 $64 $1,299 $108
LS 460 4-Dr Sedan $324 $662 $212 $12 $64 $1,299 $108
LS 460 AWD 4-Dr $324 $662 $212 $12 $64 $1,299 $108
LS 460 L 4-Dr Sedan $324 $662 $212 $12 $64 $1,299 $108
LS 460 L AWD 4-Dr $324 $662 $212 $12 $64 $1,299 $108
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Lexus LS 460 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LS 460 4-Dr Sedan $236 $448 $212 $12 $64 $972 $81
LS 460 4-Dr Sedan $236 $448 $212 $12 $64 $972 $81
LS 460 AWD 4-Dr $236 $448 $212 $12 $64 $972 $81
LS 460 L 4-Dr Sedan $236 $448 $212 $12 $64 $972 $81
LS 460 L AWD 4-Dr $236 $448 $212 $12 $64 $972 $81
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium amounts do not factor in specific garaging location which can increase or decrease coverage prices considerably.

Based on the data above, we can derive that using a $100 deductible costs about $27 more each month or $324 a year than requesting the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 15 months between claims, you would most likely save money if you elect the higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $108
Average monthly premium for $500 deductibles (subtract): – $81
Monthly savings from raising deductible: $27
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

The example below shows how choosing a deductible and can increase or decrease Lexus LS 460 insurance premiums for different insured age categories. The price estimates are based on a married male driver, full physical damage coverage, and no discounts are applied to the premium.

Full coverage versus liability only rates

The illustration below illustrates the difference between Lexus LS 460 insurance premiums with liability coverage only compared to full coverage. The data is based on no claims, a clean driving record, $100 deductibles, drivers are single, and no policy discounts are applied.

When to stop buying comprehensive and collision coverage

There is no specific rule to stop buying physical damage insurance, but there is a general convention. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your Lexus LS 460 replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after paying your deductible. If premiums are more than $400 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where removing full coverage is not advised. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Lower rates by qualifying for discounts

Some insurers don’t always publicize all discounts very clearly, so the following list contains a few of the more common and the more hidden car insurance savings.Save money with discounts

While discounts sound great, it’s important to understand that some of the credits will not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though it appears adding up those discounts means a free policy, companies wouldn’t make money that way.

The example below visualizes the comparison of Lexus LS 460 annual premium costs with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, homeowner, claim-free, multi-policy, and marriage discounts applied.

A list of car insurance companies and some of the premium reductions they offer include:

If you need lower rates, check with all the companies the best way to save money. Some credits might not be available to policyholders in every state. If you would like to view car insurance companies that offer some of these discounts in North Carolina, follow this link.

Car insurance is not optional in North Carolina

Even though Durham LS 460 insurance rates can get expensive, paying for car insurance is not optional due to several reasons.

The benefits of insuring your LS 460 more than offset the price you pay, particularly when you have a large claim. An average driver in America overpays as much as $700 annually so you should quote your policy with other companies each time the policy renews to be sure current rates are still competitive.

Do I need an insurance agent?

Many people just want to get professional advice from a licensed agent and that can be a great decision A good thing about price shopping on the web is that drivers can save money and get cheap auto insurance rates and also buy local.

Insurance agency in DurhamAfter completing this short form, the coverage information is submitted to insurance agents in Durham who will give you bids and help you find cheaper coverage. You don’t have to search for an agent because prices are sent instantly to you. You can find lower rates without having to waste a lot of time. If for some reason you want to compare rates from a specific insurance company, don’t hesitate to go to their quote page to submit a rate quote request.

Finding the right provider requires you to look at more than just a cheap price. The questions below may impact your decision as well.

After receiving good feedback to any questions you may have and locked in a price quote, it’s possible that you found a company that is professional and can insure your vehicles.