Auto Insurance Quotes for a Lexus HS 250h in Jersey City

Insurance rates Lexus HS 250h in Jersey CityWant to learn the secrets to finding more affordable Lexus HS 250h insurance in Jersey City? When searching for more affordable insurance, are you intimidated by the sheer number of insurance sources in Jersey City? You have so many choices that it can turn into a difficult mission to find the best premium rates for Lexus HS 250h insurance in Jersey City. Everyone knows Jersey City is an excellent city in which to live, but high insurance premiums makes it very hard to afford enough coverage.

Statistics show that almost 70% of insureds in New Jersey have remained with the same insurance company for four years or more, and about 40% of consumers have never compared insurance rates at all. The average driver in America can save hundreds of dollars each year just by shopping around, but they just assume it takes a lot of time to do a rate comparison.

If you have car insurance now, you should be able to find better prices using the concepts covered in this article. This information will help you learn the best methods to compare rates and some tips to save money. But New Jersey car owners need to have an understanding of how big insurance companies determine how much to charge because it varies considerably.

Companies offering low-cost Lexus HS 250h prices in Jersey City, NJ

The companies shown below have been selected to offer price comparisons in Jersey City, NJ. If you wish to find cheap auto insurance in New Jersey, we recommend you visit two to three different companies to get the most affordable price.

Lexus HS 250h insurance statistics and information

The rate information shown below showcases estimates of coverage prices for Lexus HS 250h models. Learning a little about how car insurance prices are determined is important for drivers to make decisions on which insurance to purchase.

Lexus HS 250h Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $424 $782 $420 $24 $126 $1,776 $148
HS 250H Premium 4-Dr Sedan $424 $782 $420 $24 $126 $1,776 $148
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rates do not factor in garaging location in Jersey City which can revise price quotes greatly.

Comparison of policy deductibles

When buying car insurance, a common question is at what level do you set your deductibles. The rates below lay out the rate differences when you choose different deductibles. The first pricing table uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.

Lexus HS 250h insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $520 $1014 $408 $24 $122 $2,113 $176
HS 250H Premium 4-Dr Sedan $520 $1014 $408 $24 $122 $2,113 $176
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Lexus HS 250h insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $380 $684 $408 $24 $122 $1,618 $135
HS 250H Premium 4-Dr Sedan $380 $684 $408 $24 $122 $1,618 $135
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium costs do not factor in specific garaging location which can revise prices substantially.

Based on the figures above, using a $100 deductible will cost in the ballpark of $41 more each month or $492 for a full year across all Lexus HS 250h models than quoting the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at least 10 months between claims, you would probably be better off if you decide on a higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $176
Average monthly premium for $500 deductibles (subtract): – $135
Monthly savings from raising deductible: $41
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 10 months

An important thing to remember is that increasing deductibles to lower your rates means you will have to pay more of your own money when you have a claim. It will be required that you have some non-essential savings in order to pay the deductible.

Annual premiums for males compared to females in Jersey City

The illustration below visualizes the comparison of Lexus HS 250h car insurance rates for male and female drivers. The premiums are based on no claims or driving citations, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.

Does full coverage make sense?

The information below illustrates the difference between Lexus HS 250h insurance rates with liability coverage only compared to full coverage. The rates are based on no accidents, no driving violations, $250 deductibles, drivers are single, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There is no definitive rule of when to exclude comp and collision coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 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 HS 250h replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $5,000 after the policy deductible has been paid. If it’s costing in excess of $500 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are a few cases where dropping physical damage coverage is not recommended. If you haven’t paid off your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

How Car Insurance Companies Determine Lexus HS 250h Insurance Costs

Many different elements are part of the calculation when you quote your car insurance policy. Some factors are common sense like an MVR report, but other factors are more transparent such as your marital status or how safe your car is.

Take advantage of these discounts on Lexus HS 250h insurance in Jersey City

Companies don’t always publicize every discount available in a way that’s easy to find, so here is a list both well-publicized in addition to some of the lesser obvious credits available to lower your premiums when you buy Jersey City car insurance online.Car insurance discounts

As is typical with insurance, most discounts do not apply to the entire policy premium. Most only cut specific coverage prices like collision or personal injury protection. Even though it appears you could get a free car insurance policy, companies don’t profit that way.

The illustration below compares Lexus HS 250h auto insurance rates with and without discounts applied. The data is based on a male driver, no driving violations, no at-fault accidents, New Jersey state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, marriage, multi-car, and homeowner discounts applied.

If you would like to view insurance companies that can offer you the previously mentioned discounts in New Jersey, follow this link.

Are auto insurance agents of importance?

Some people just want to go talk to an agent and that is just fine! One of the benefits of price shopping on the web is that you can find better rates and still have an agent to talk to.

Insurance agency in Jersey CityBy using this simple form, your insurance coverage information is transmitted to insurance agents in Jersey City who want to provide quotes to get your business. It makes it easy because there is no need to search for an agent because quoted prices will be sent immediately to you. You can find the lowest rates without the usual hassles of price shopping. If you want to get a rate quote from a specific insurance provider, don’t hesitate to find their quoting web page and fill out the quote form the provide.

Choosing the best insurer is decision based upon more than just the premium amount. Any agent in Jersey City should be forthright in answering these questions:

Do you need an independent or exclusive car insurance agent?

When looking for an insurance agent, you need to know there are two different agency structures to choose from. Insurance agencies can be classified as either independent or exclusive.

Exclusive Agents

These type of agents have only one company to place business with like Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents are unable to provide other company’s prices so it’s a take it or leave it situation. Exclusive insurance agents are trained well on what they offer which helps them compete with independent agents. Many people choose to use a exclusive agent mostly because of the prominent brand name and the convenience of having a single billing for all their coverages.

Shown below is a list of exclusive agencies in Jersey City who can help you get rate quotes.

More Jersey City agents

Independent Agents (or Brokers)

Independent agents are normally appointed by many insurers and that is an advantage because they can write policies through lots of different companies and get the cheapest rates. If prices rise, your agent can switch companies which requires no work on your part. If you need cheaper insurance rates, you definitely need to contact at least one independent agent to have the best price comparison. A lot of them also have access to companies you’ve never heard of which can save you money.

Listed below is a short list of independent agencies in Jersey City that are able to give rate quotes.

More Jersey City agents

New Jersey auto insurance companies

Picking the top insurance company can be a challenge considering how many companies sell insurance in New Jersey. The ranking information shown next can help you choose which companies you want to consider when shopping around.

Top Auto Insurance Companies in New Jersey
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Best Car Insurance Companies

Your situation helps dictate your coverage

When it comes to a policy for your vehicles, there really isn’t a “best” method to buy coverage. Every situation is different and your auto insurance should unique, too.Drive safe and save
These are some specific questions may help highlight whether you may require specific advice.

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

More effort can pay off

As you restructure your insurance plan, do not skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced physical damage coverage only to regret that the few dollars in savings costed them thousands. The aim is to buy enough coverage at the best cost while still protecting your assets.

Throughout this article, we presented many tips how you can compare Lexus HS 250h insurance auto insurance rates in Jersey City. The key concept to understand is the more rate quotes you have, the better your comparison will be. You may even discover the best auto insurance rates are with a small mutual company. Smaller companies often have lower premium rates on specific markets as compared to the big name companies such as State Farm and Allstate.

Steps to finding cheaper rates for Lexus HS 250h insurance in Jersey City

If you want to find the absolute lowest rates, then the best way to find low-cost prices for auto insurance rates in Jersey City is to compare prices once a year from different companies who sell insurance in New Jersey.

An essential thing to point out is that you use identical deductibles and limits on every quote request and and to get prices from as many different insurance providers as possible. Doing this helps ensure an apples-to-apples comparison and a good representation of prices.

Much more information about car insurance in New Jersey is located at these links: