Sadly, nearly 70% of customers have bought car insurance from the same company for more than four years, and about 40% of consumers have never taken the time to shop around. Indianapolis drivers can save almost 55% each year, but most undervalue the amount of money they would save if they swap their current policy for a cheaper one.
To save the most money, the best way to get cheaper auto insurance rates in Indianapolis is to make a habit of regularly comparing prices from providers in Indiana.
First, gain an understanding of how insurance companies determine prices and the things you can control to prevent rate increases. Many rating criteria that are responsible for high rates like inattentive driving and an unacceptable credit rating can be amended by making small lifestyle or driving habit changes. This article gives additional ideas to help prevent high rates and find more discounts that you may not know about.
Second, compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from a single company like Progressive or State Farm, while agents who are independent can provide prices for a wide range of companies.
Third, compare the new quotes to your existing coverage to see if you can save by switching companies. If you can save some money and make a switch, verify that coverage does not lapse between policies.
The key aspect of shopping around is that you’ll want to compare the same amount of coverage on each quote request and and to analyze as many different insurance providers as possible. This ensures a level playing field and and a good selection of different prices.
Getting quotes for the lowest-priced protection in Indianapolis is not that difficult. Essentially each driver who compares rates for car insurance will probably be able to cut their insurance bill. But Indiana consumers need to have an understanding of the way companies calculate your policy premium and use this information to your advantage.
Ways to get Lexus GS 450h insurance price quotes in Indianapolis, IN
There are several ways to obtain and compare prices from different companies. One of the best ways to do a complete rate comparison is simply to get online rate quotes. When price shopping your coverage, comparing all the rates in your area will improve the odds of getting the best offered rates. Some smaller insurers do not give Indianapolis GS 450h insurance quotes online, so you also need to get price quotes from them, too.
The companies in the list below are ready to provide comparison quotes in Indiana. If the list has multiple companies, we recommend you visit as many as you can in order to get a fair rate comparison.
Lexus GS 450h insurance analysis
The data table below covers a range of insurance costs for Lexus GS 450h models. Having knowledge of how policy 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 | $258 | $556 | $264 | $16 | $80 | $1,174 | $98 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate information does not factor in specific location which can lower or raise premium rates greatly.
Physical damage deductible comparison
One of the hardest decisions when shopping for insurance is how high should the physical damage deductibles be. The tables below may help to conceptualize the cost difference between low and high policy deductibles. The first table uses a $250 deductible for physical damage and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $300 | $562 | $280 | $16 | $84 | $1,267 | $106 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $244 | $452 | $280 | $16 | $84 | $1,076 | $90 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Premium costs do not factor in specific location which can revise rates considerably.
Based on the data above, we can derive that using a $250 deductible costs approximately $16 more each month or $192 each year averaged for all GS 450h models 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 average more than 16 months between claim filings, you would come out ahead if you decide on a higher deductible.
The information below demonstrates how deductibles and can raise or lower Lexus GS 450h insurance premiums for different ages of insureds. The premiums are based on a single female driver, full coverage, and no policy discounts are applied.
Poor driving habits will raise your insurance rates
The diagram below highlights how speeding tickets and fender-benders can raise Lexus GS 450h insurance premiums for different age categories. The premium estimates are based on a single male driver, full coverage, $250 deductibles, and no policy discounts are applied.
Do you need full coverage?
The illustration below visualizes the comparison of Lexus GS 450h car insurance costs with and without full coverage. The premium estimates are based on no violations or claims, $100 deductibles, drivers are single, and no additional discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no exact rule of when to exclude comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Lexus GS 450h replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $5,000 after paying your policy deductible. If you are paying in excess of $500 annually for physical damage coverage, then it might be time to buy liability only.
There are a few situations where only buying liability is not advised. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not buy liability only.
Lexus GS 450h insurance discounts in Indianapolis
Not many people think insurance is cheap, but there may be some discounts to cut the cost considerably. Most are applied when you quote, but a few need to be inquired about prior to receiving the credit.
- Accident Waiver – Not a discount per se, but some insurance companies will let one accident slide before raising your premiums if you are claim-free prior to the accident.
- Sign Early and Save – Some car insurance companies reward drivers for switching companies before your current expiration date. This can save 10% or more.
- Multiple Cars – Buying insurance for several vehicles on one policy can reduce rates for all insured vehicles.
- Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
- Savings for New Vehicles – Putting insurance on a new GS 450h can save you some money because newer models keep occupants safer.
- Safe Driver Discount – Safe drivers may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
One thing to note about discounts is that most discount credits are not given to your bottom line cost. Most only reduce individual premiums such as comprehensive or collision. Despite the appearance that all the discounts add up to a free policy, companies wouldn’t make money that way.
The chart below compares Lexus GS 450h insurance premiums with and without discounts applied. The information is based on a male driver, no driving violations, no at-fault accidents, Indiana 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-policy, safe-driver, multi-car, marriage, homeowner, and claim-free discounts applied.
A list of companies and some of their more popular discounts are outlined below.
- Progressive offers discounts including online quote discount, continuous coverage, good student, multi-policy, multi-vehicle, and homeowner.
- MetLife has savings for good driver, multi-policy, good student, accident-free, defensive driver, and claim-free.
- Mercury Insurance may offer discounts for type of vehicle, low natural disaster claims, annual mileage, anti-theft, and location of vehicle.
- Nationwide has discounts for good student, multi-policy, anti-theft, defensive driving, accident-free, family plan, and Farm Bureau membership.
- GEICO may have discounts that include multi-policy, driver training, membership and employees, federal employee, anti-lock brakes, and daytime running lights.
- AAA includes discounts for good driver, pay-in-full, multi-car, multi-policy, anti-theft, education and occupation, and AAA membership discount.
When getting free Indianapolis auto insurance quotes, it’s a good idea to each company which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policyholders in Indianapolis. To see a list of companies who offer cheap Lexus GS 450h insurance quotes in Indianapolis, follow this link.
Car insurance is an important decision
Despite the high cost, car insurance is required in Indiana but it also protects you in many ways.
First, just about all states have compulsory liability insurance requirements which means the state requires a specific level of liability protection if you drive a vehicle. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you bought your Lexus GS 450h with a loan, it’s most likely the lender will force you to have full coverage to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Lexus at an extremely high rate and force you to pay a much higher amount than you were paying before.
Third, car insurance preserves your car and your assets. It will also cover medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, your policy will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car more than offset the price you pay, especially for larger claims. An average driver in America is wasting up to $865 each year so you should quote rates every year to ensure rates are competitive.
Local Indianapolis insurance agencies and insurance
Many people just want to go talk to an agent and that is OK! The best thing about comparing insurance online is the fact that you can find lower premium rates and also buy local. Buying from and supporting neighborhood insurance agencies is definitely important in Indianapolis.
By using this simple form, your coverage information is submitted to insurance agents in Indianapolis that can provide free Indianapolis auto insurance quotes for your insurance coverage. You never need to drive around because quoted prices will be sent immediately to your email address. Get lower rates without requiring a lot of work. If you wish to compare prices for a specific company, you just need to jump over to their website and fill out their quote form.
Multiple types of auto insurance agents in Indianapolis
When searching for a reliable insurance agency, it helps to know the two different types of agencies and how they work. Agencies in Indianapolis may be either exclusive agents or independent agents.
Independent Agencies or Brokers
Independent agents can sell policies from many different companies so as a result can place your coverage with multiple insurance companies and find the cheapest insurance rates. If you are not satisfied with one company, they can switch companies in-house and that require little work on your part. If you need cheaper insurance rates, you definitely need to contact several independent agencies so that you have a good selection of quotes to compare. They often place coverage with additional companies that you may not be familiar with that may have much lower rates than larger companies.
Shown below is a list of independent agents in Indianapolis that can give you price quote information.
- Walker and Associates Insurance
360 Gradle Dr – Carmel, IN 46032 – (317) 848-4400 – View Map - Burns Insurance Agency – Commercial, Personal and Transportation Insurance Specialists
1433 N Meridian St – Indianapolis, IN 46202 – (317) 377-1100 – View Map - Dalessandro Agency Inc
4240 N Franklin Rd #109 – Lawrence, IN 46226 – (317) 898-1866 – View Map
Exclusive Insurance Agents
These type of agents can only place business with one company such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents are unable to provide rate quotes from other companies so they have no alternatives for high prices. These agents receive extensive training on what they offer which helps offset the inability to provide other markets. A lot of people buy insurance from these agents mainly due to loyalty to the company instead of buying on price only.
Shown below is a list of exclusive agents in Indianapolis who can help you get price quotes.
- Jim Crinklaw – State Farm Insurance Agent
9423 Pendleton Pike – Indianapolis, IN 46236 – (317) 897-6129 – View Map - State Farm: Amy Henry
7035 E 96th St Suite S-2 – Indianapolis, IN 46250 – (317) 897-1900 – View Map - State Farm: David R Johnson
4770 S Emerson Ave #J, Indianapolis 46203 – 4770 S Emerson Ave #J, IN 46203 – (317) 782-8858 – View Map
Finding the right insurance agent should include more criteria than just a cheap price quote. Here are some questions to ask:
- How long has their agency been open in Indianapolis?
- Are they properly licensed to sell insurance in Indiana?
- Does the agent recommend any additional coverage?
- Are they actively involved in the community?
- Can you get a list of referrals?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Is their price quote a firm figure or are their hidden costs?