2017 Lexus RX 450h Insurance Rates – 7 Discounts for Cheaper Quotes

Searching for cheaper insurance rates for your Lexus RX 450h? If price shopping insurance coverage quotes online is new to you, chances are good that you are overwhelmed thanks to the vast number of local and online companies competing for your business.

How to find affordable insurance coverage

To find affordable insurance coverage quotes, there are several ways to compare rate quotes from companies that offer insurance coverage in your state. The recommended way to find cheaper Lexus RX 450h rates is to jump online and get quotes. This can be accomplished using a couple different methods.

One of the best ways consumers can analyze rates is to use a rate comparison form (click to open form in new window). This type of form keeps you from doing separate quotes for every company. In just a few minutes this one form gets you price quotes from all major companies. It’s definitely the quickest method.

A slightly less efficient method to get quotes online is going to each company website and fill out their own quote form. For examples sake, we’ll assume you are doing a rate comparison from Geico, Liberty Mutual and Progressive. You would need to spend time going to each site individually and type in your information over and over, which is why the first method is quicker. For a handy list of car insurance company links in your area, click here.

You can use whichever method you prefer to find lower rates, just be sure to compare nearly identical coverages and limits for each price quote. If your comparisons have unequal deductibles or liability limits it will be next to impossible to get a fair rate comparison. Just a small difference in limits could mean much higher rates. Just keep in mind that comparing more quotes gives you a better chance of getting more affordable rates. Not every company does prices over the internet, so it’s recommended that you also compare rates from the smaller companies as well.

Seven discounts for cheap insurance coverage rates

Not many people think insurance is cheap, but discounts can save money and there are some available to cut the cost considerably. Some of these disounts will be visible when you quote, but some may not be applied and must be inquired about before they will apply.

• Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and that can save you a little bit as well.
• Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn lower premium rates if you buy life insurance from them.
• Multi-policy Discount – If you have multiple policies with the same insurance company you could earn a discount of up to 20% and get you affordable insurance coverage.
• Passenger Safety Discount – Cars that have air bags can get savings of up to 25% or more.
• Discount for Home Ownership – Being a homeowner can get you a discount because maintaining a house demonstrates responsibility.
• Professional Organizations – Having an affiliation with qualifying employment or professional organizations is a simple method to lower premiums on your policy.
• Early Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you may have a lower total premium amount.

As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like collision or personal injury protection. Despite the fact that it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

For a list of insurance companies that offer many of these discounts, follow this link.

Tailor your car insurance coverage to you

When it comes to buying coverage, there is no “perfect” insurance plan. Each situation is unique.

Here are some questions about coverages that can help discover if your insurance needs could use an agent’s help.

• When can my company non-renew my policy?
• Are split liability limits better than a combined single limit?
• Should I drop comprehensive coverage on older vehicles?
• Do I need added coverage for expensive stereo equipment?
• How much liability insurance is required?
• Can I afford to buy a different vehicle if my 2017 Lexus RX 450h is totaled?
• How much can I save by bundling my policies?
• Do I need PIP (personal injury protection) coverage in my state?
• Am I missing any policy discounts?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form.

The coverage is in the details

Having a good grasp of your car insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Collision coverages – Collision coverage pays for damage to your RX 450h caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, sustaining damage from a pot hole, hitting a mailbox, backing into a parked car and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

Liability insurance – Liability insurance can cover damage or injury you incur to other’s property or people that is your fault. Coverage consists of three different 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 $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things like bail bonds, attorney fees, medical services and funeral expenses. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.

UM/UIM Coverage – This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as damage to your Lexus RX 450h.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, vandalism, a broken windshield, hitting a bird and a tree branch falling on your vehicle. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like doctor visits, X-ray expenses and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage