Truthfully, the best way to get more affordable Lexus HS 250h insurance in Greensboro is to begin comparing prices regularly from companies in North Carolina. Price quotes can be compared by following these steps.
- Try to understand what is in your policy and the factors you can control to prevent expensive coverage. Many policy risk factors that increase rates such as traffic violations and a less-than-favorable credit history can be remedied by making small lifestyle or driving habit changes.
- Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from one company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes from multiple insurance companies.
- Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you can save money and decide to switch, ensure there is no coverage lapse between policies.
One tip to remember is to use the same amount of coverage on every quote and and to look at as many carriers as you can. This guarantees a fair rate comparison and a good representation of prices.
Unbelievable but true, the vast majority of consumers have purchased from the same company for a minimum of four years, and almost half have never compared quotes from other companies. Many drivers in Greensboro could save themselves up to 10% a year, but they won’t spend time to shop their coverage around.
If you have insurance now, you should be able to reduce the price you pay using the ideas presented in this article. This information will instruct you on the best ways to compare prices and also pocket some savings Although North Carolina vehicle owners can benefit by having an understanding of how the larger insurance companies calculate their prices because it can help you find the best coverage.
To find the best auto insurance rates, there are several ways to obtain and compare prices from companies that offer auto insurance in North Carolina. One of the best ways to compare Lexus HS 250h insurance prices consists of shopping online. It’s important to know that making a lot of price comparisons helps increase your odds of locating better pricing.
The auto insurance companies shown below provide price quotes in Greensboro, NC. If you want the best car insurance in Greensboro, NC, we recommend you compare several of them to find the lowest auto insurance rates.
Save money with these six price cutting discounts
Auto insurance can be pricey, but there could be significant discounts to cut the cost considerably. Certain discounts will be applied at quote time, but some discounts are required to be manually applied before they will apply. If you aren’t receiving every discount you qualify for, you are paying more than you should be.
- Lower Rates for Military – Having a family member in the military could qualify you for better premium rates.
- Early Switch Discount – Some auto insurance companies reward drivers for switching to them before your current expiration date. You could save around 10% when you buy Greensboro auto insurance online.
- Pay Early and Save – If you pay your bill all at once rather than spreading payments over time you can avoid monthly service charges.
- First Accident Forgiveness – This isn’t a discount exactly, but companies like State Farm and GEICO allow you one accident before they charge you more for coverage as long as you don’t have any claims for a set time period.
- Student in College – Children who are enrolled in a college that is more than 100 miles from Greensboro without a vehicle on campus can receive lower rates.
- Discounts for Federal Employees – Simply working for the federal government may qualify for a discount when you quote Greensboro auto insurance with select insurance companies.
One last thing about discounts, most discounts do not apply to the entire cost. Most only reduce the price of certain insurance coverages like comp or med pay. Despite the appearance that all the discounts add up to a free policy, companies don’t profit that way.
The diagram below visualizes the comparison of Lexus HS 250h yearly insurance costs with and without discounts. Data assumes a male driver, no accidents or driving violations, North Carolina state minimum liability limits, comp and collision included, and $500 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, multi-car, marriage, and homeowner discounts applied.
A few of the larger companies and their possible discounts include:
- The Hartford offers premium reductions for anti-theft, bundle, good student, air bag, driver training, and vehicle fuel type.
- American Family has discounts for good student, multi-vehicle, Steer into Savings, early bird, bundled insurance, air bags, and TimeAway discount.
- Progressive includes discounts for multi-vehicle, online signing, continuous coverage, homeowner, and online quote discount.
- Travelers has savings for new car, good student, payment discounts, home ownership, and IntelliDrive.
- Farmers Insurance may have discounts that include pay in full, mature driver, early shopping, business and professional, good student, and switch companies.
- USAA may offer discounts for family discount, multi-vehicle, new vehicle, multi-policy, vehicle storage, safe driver, and good student.
- Liberty Mutual discounts include new vehicle discount, teen driver discount, hybrid vehicle, newly retired, new move discount, and newly married.
When getting a coverage quote, ask each company or agent which discounts can lower your rates. A few discounts might not apply in your area. If you would like to choose from a list of auto insurance companies with discount rates in North Carolina, click here.
Rates and other information
The premium information displayed next highlights a range of coverage prices for Lexus HS 250h models. Having a better understanding of how rates are formulated can help drivers make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| HS 250H 4-Dr Sedan | $208 | $432 | $222 | $14 | $66 | $942 | $79 |
| HS 250H Premium 4-Dr Sedan | $208 | $432 | $222 | $14 | $66 | $942 | $79 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Table data does not factor in zip code location which can decrease or increase prices substantially.
How high should deductibles be?
A question often asked by Greensboro drivers is how high should the deductibles for physical damage be. The following tables show the costs and benefits of buying low and high deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| HS 250H 4-Dr Sedan | $242 | $440 | $212 | $12 | $64 | $995 | $83 |
| HS 250H Premium 4-Dr Sedan | $242 | $440 | $212 | $12 | $64 | $995 | $83 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| HS 250H 4-Dr Sedan | $196 | $354 | $212 | $12 | $64 | $838 | $70 |
| HS 250H Premium 4-Dr Sedan | $196 | $354 | $212 | $12 | $64 | $838 | $70 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Table data does not factor in your specific Greensboro location which can raise or lower auto insurance rates substantially.
Based on the figures above, using a $250 deductible costs an average of $13 more each month or $156 each year across all Lexus HS 250h models than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 19 months between claims, you would save money if you elect the higher deductible. The illustration below shows a better example of how you can decide this on your own policy.
| Average monthly premium for $250 deductibles: | $83 |
| Average monthly premium for $500 deductibles (subtract): | – $70 |
| 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 important note is that increasing deductibles to save money means you will have to pay more at claim time. You must have some savings in the event you need to pay the deductible to have repairs made.
Illustration showing the impact of accidents and violations
The illustration below illustrates how traffic citations and accidents can increase Lexus HS 250h premium costs for each different age group. The data assumes a married female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.
Lexus HS 250h full coverage rates compared to liability only
The example below visualizes the comparison of Lexus HS 250h insurance rates when comparing full coverage to liability only. The premiums are based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no discounts are applied.
When to drop comprehensive and collision coverage
There is no exact rule to stop buying physical damage coverage, but there is a general school of thought. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Lexus HS 250h replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after the deductible is paid. If you are paying over $600 annually for physical damage coverage, then it may be the right time to buy liability only.
There are a few cases where only buying liability is not in your best interest. If you haven’t satisfied your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Local Greensboro insurance agents
Certain consumers still prefer to sit down with an agent. A nice benefit of comparing car insurance online is the fact that drivers can get cheap car insurance quotes but also keep your business local. Supporting small agencies is definitely important in Greensboro.
By using this short form, your insurance data is submitted to participating agents in Greensboro that can give you free Greensboro auto insurance quotes for your business. You don’t have to find an agent on your own due to the fact that quote results will go to you. You can find lower rates and a licensed agent to work with. If you wish to get a comparison quote for a specific company, just jump over to their website and fill out their quote form.
What types of auto insurance agents are in Greensboro?
If you are wanting to find a local Greensboro insurance agent, it helps to know the two different agency structures that you can choose from. Car insurance agents are considered either independent agents or exclusive agents.
Independent Insurance Agents
Independent agents do not have single company limitations so they can write business with any number of different companies and find you cheaper rates. If premiums increase, your agent can switch companies and that require little work on your part.
When comparing rates, you definitely need to include multiple independent agents in order to have the best price comparison. Many independent agencies also insure through smaller regional carriers which can be an advantage.
Listed below is a short list of independent agencies in Greensboro who may provide pricing information.
- Craft Insurance
823 N Elm St – Greensboro, NC 27401 – (336) 375-0600 – View Map - Scott Insurance
628 Green Valley Rd #306 – Greensboro, NC 27408 – (336) 273-6599 – View Map - Pelnik Insurance
3828 Burlington Rd – Greensboro, NC 27405 – (336) 621-5057 – View Map
Exclusive Agencies
Agents that choose to be exclusive can usually just insure with one company and examples are State Farm, Allstate and AAA. These agents are not able to provide other company’s prices so it’s a take it or leave it situation. Exclusive insurance agents are trained well on their company’s products and that allows them to sell at a higher price point. Consumers sometimes buy from exclusive agents mostly because of the prominence of the brand rather than low price.
The following is a list of exclusive agents in Greensboro who can help you get price quote information.
- Allstate Insurance: Michael Patterson
3817 Lawndale Dr, Ste B2 – Greensboro, NC 27455 – (336) 545-4596 – View Map - Charlie Ganim – State Farm Insurance Agent
2008 New Garden Rd – Greensboro, NC 27410 – (336) 282-9229 – View Map - State Farm: Eddie Collins
5709 W Market St – Greensboro, NC 27409 – (336) 854-1044 – View Map
Selecting an car insurance agent is decision based upon more than just a cheap quote. Here are some questions you might want to ask.
- Are they in the agency full-time?
- Does the agent help file claims?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Which insurance company do they prefer to write with?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Is there any savings for paying the full premium?
- Do the coverages you’re quoting properly cover your vehicle?
- Can they provide you with a list of referrals?
Insurance agents can help
When choosing the right insurance coverage for your personal vehicles, there is no one-size-fits-all type of policy. You are unique so this has to be addressed.
Here are some questions about coverages that can help discover if your insurance needs may require specific advice.
- When should I have rental car coverage?
- Is pet coverage available?
- How does medical payments coverage work?
- Am I covered when driving a rental car?
- Where can I find high-risk insurance?
- Do I need motorclub coverage?
- Should I have combined single limit or split liability limits?
- What if I owe more than I can insure my car for?
- Can I use my car for my catering business?
- I have health insurance so do I need medical payments coverage?
If you’re not sure about those questions then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Three main reasons to buy auto insurance
Even though Greensboro HS 250h insurance rates can get expensive, insurance is a good idea for several reasons.
- The majority of states have minimum liability requirements which means state laws require a minimum amount of liability protection in order to license the vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a lienholder, most banks will require you to have insurance to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender may insure your Lexus at a much higher rate and make you pay for the expensive policy.
- Insurance protects both your vehicle and your assets. It will also pay for medical transport and hospital expenses that are the result of an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of having auto insurance more than cancel out the cost, especially when you need to use it. Despite what companies tell you, the average driver is overpaying more than $700 annually so we recommend shopping around every year to save money.
Parts of your insurance policy
Understanding the coverages of your policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are typical coverages found on the average insurance policy.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like prosthetic devices, chiropractic care and hospital visits. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Collision coverage
This pays for damage to your HS 250h caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims like driving through your garage door, backing into a parked car, crashing into a ditch, crashing into a building and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to bump up the deductible on your HS 250h to bring the cost down.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your Lexus HS 250h.
Because many people carry very low liability coverage limits (North Carolina limits are 30/60/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these coverages are set the same as your liability limits.
Auto liability insurance
This coverage will cover damage or injury you incur to other’s property or people that is your fault. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 30/60/25 which means a $30,000 limit per person for injuries, a per accident bodily injury limit of $60,000, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for things like structural damage, funeral expenses and loss of income. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford. North Carolina requires drivers to carry at least 30/60/25 but it’s recommended drivers buy more liability than the minimum.
The next chart shows why buying minimum limits may not be enough.
Comprehensive protection
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims like falling objects, a tree branch falling on your vehicle and hail damage. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Best auto insurance in Greensboro
Choosing a good quality insurance company can be rather challenging considering how many choices there are in North Carolina. The company ratings below can help you analyze which companies you want to consider comparing price quotes from.
Top 10 Greensboro Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Top 10 Greensboro Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
The best rates come from being thorough
Throughout this article, we presented many tips how you can lower your Lexus HS 250h insurance rates in Greensboro. It’s most important to understand that the more times you quote, the better chance you’ll have of finding low cost Greensboro auto insurance quotes. You may even find the most savings is with the smaller companies. Regional companies can often provide lower auto insurance rates in certain areas than the large multi-state companies such as State Farm or Progressive.
A few companies may not offer online price quotes and many times these regional carriers work with independent agents. Low-cost Lexus HS 250h insurance in Greensboro is definitely available on the web in addition to many Greensboro insurance agents, so you need to compare both to get a complete price analysis.
More information is located on the following sites:
- Uninsured Motorist Statistics (Insurance Information Institute)
- How Much are Car Insurance Quotes for First-time Drivers in Greensboro? (FAQ)
- Who Has the Cheapest Greensboro Car Insurance for Safe Drivers? (FAQ)
- What Car Insurance is Cheapest for a Honda Pilot in Greensboro? (FAQ)
- Who Has Cheap Auto Insurance for a GMC Sierra in Greensboro? (FAQ)
- How Much are Car Insurance Quotes for Infrequent Drivers in Greensboro? (FAQ)
- Who Has the Cheapest Greensboro Auto Insurance for Electric Cars? (FAQ)
- Young Drivers: The High Risk Years Video (iihs.org)
- Prom Night Tips for Teen Drivers (State Farm)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)