Cheap 2008 Lexus RX 400h Car Insurance Cost

Trying to find the cheapest car insurance rates for your Lexus RX 400h? Have you had enough of trying to scrape together enough money each month for car insurance? You’re in the same situation as the majority of other car owners.

Numerous insurance companies battle for your hard-earned dollar, so it’s not easy to compare every company to find the absolute best rates possible.

It’s smart to price shop coverage before your policy renews because insurance rates change frequently. Just because you found the best rates for RX 400h insurance a couple years back you can probably find a lower rate today. Starting now, block out anything you think you know about car insurance because it’s time to teach you the proper way to lower your annual insurance bill.

If you currently have a car insurance policy, you will most likely be able to cut costs considerably using these tips. Buying car insurance is easy if you know what you’re doing. But car owners benefit from understanding how insurance companies sell online and take advantage of how the system works.

Comprehensive Insurance Comparison

There are several ways of comparing rates and find the best price. The easiest way to compare 2008 Lexus RX 400h insurance prices is to get quotes online. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. The fastest way to get the best comparison quotes would be an industry-wide quote request form like this one (opens in new window). This method keeps you from doing repetitive form submissions to each individual insurance company. A single form gets rate comparisons from several companies.
  2. Another way to shop for insurance online consists of going to the website for each individual company and request a quote. For example, let’s say you want rates from Auto-Owners, Allstate and GMAC. To get rate quotes you would need to spend time on each company’s site to enter your coverage information, which is why the first method is quicker.

    For a list of links to insurance companies in your area, click here.

  3. The hardest method to get comparison rates is driving to and from local insurance agencies. The ability to buy insurance online eliminates the need for an insurance agent unless you prefer the professional advice of a local agent. Drivers can compare the best prices online and get advice from an agent in your area. We’ll cover that shortly.

Which method you use is up to you, but double check that you are using identical coverage information on every quote. If the quotes have unequal deductibles or liability limits you will not be able to truly determine the lowest rate. Having just a slight variation in coverage limits can result in a big premium difference. It’s important to know that comparing more company’s prices provides better odds of finding lower pricing.

Companies offer discounts so take them!

Car insurance companies do not advertise every available discount very well, so here is a list both the well known and the harder-to-find savings tricks you should be using.

  • Passive Restraints – Factory air bags may earn rate discounts of up to 25% or more.
  • Multiple Cars – Having all your vehicles on one policy may reduce the rate for each vehicle.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Lexus can earn a substantially lower rate.
  • Federal Employees – Simply working for the federal government may qualify you for a discount for RX 400h insurance with select insurance companies.
  • Pay Upfront and Save – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Safety Course Discount – Successfully completing a course in driver safety can save you 5% or more if you qualify.
  • Auto/Home Discount – When you have multiple policies with one company you will save up to 20% off your total premium.
  • No Charge for an Accident – Some insurance companies will forgive one accident before your rates go up so long as you haven’t had any claims for a set time period.
  • Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save 10% or more off your medical payments premium.
  • College Student – Children living away from home attending college and do not have a car can be insured at a reduced rate.

It’s important to note that most discount credits are not given to the entire policy premium. Most cut specific coverage prices like liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, you won’t be that lucky.

A partial list of companies who might offer these discounts include:

It’s a good idea to ask each insurance company which discounts you may be entitled to. Some discounts might not apply in every state.

Lexus RX 400h insurance rates are influenced by…

It’s important that you understand the factors that go into determining the rates you pay for car insurance. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that can help you get much lower annual insurance costs.

  • Lower rates with optional equipment – Purchasing a vehicle with anti-theft technology or alarm system can help lower your rates. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping auto theft.
  • Marriage brings a discount – Having a spouse helps lower the price on your car insurance policy. Having a significant other usually means you are more mature than a single person and statistics show married drivers get in fewer accidents.
  • Protect yourself with liability coverage – The liability section of your policy is the protection when a court rules you are at fault for causing damage or personal injury in an accident. It provides you with a defense in court which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should carry high limits.
  • No coverage gaps is important – Driving without insurance is illegal and as a result your rates will increase for letting your coverage lapse. Not only will rates go up, but not being able to provide proof of insurance might get you a steep fine or even jail time.Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Cautious drivers pay less – Even one citation can bump up the cost twenty percent or more. Drivers who don’t get tickets tend to pay less for car insurance than people who have multiple driving citations. If you have severe violations like DUI or reckless driving may find they need to file a SR-22 with their state DMV in order to drive a vehicle legally.
  • Safer cars cost less to insure – Vehicles with high crash test scores can get you lower premiums. These vehicles reduce injuries and any reduction in injury severity means less money paid by your insurance company and more competitive rates for policyholders. If your Lexus is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Women pay lower rates – Statistics demonstrate women tend to be less risk to insure than men. However, this does not mean women are BETTER drivers than men. Men and women tend to get into accidents at a similar rate, but men have costlier accidents. Men also get more serious tickets such as DWI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and therefore are the most expensive to insure.
  • Do you have a high stress job? – Did you know your car insurance rates can be affected by your occupation? Careers like real estate brokers, architects and dentists are shown to have the highest average rates attributed to high stress and long work hours. Other occupations like farmers, historians and homemakers pay the least for RX 400h insurance.

Do I just need basic coverages?

When buying the right insurance coverage for your vehicles, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions can aid in determining if your situation could use an agent’s help.

  • Do I have any recourse if my insurance company denies a claim?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • What exactly is covered by my policy?
  • How does medical payments coverage work?
  • Should I get collision insurance on every vehicle?
  • Am I covered if hit by an uninsured driver?
  • Should I have combined single limit or split liability limits?
  • Do I have newly-aquired coverage?
  • Is business equipment covered while in my vehicle?
  • I don’t drive much so do I pay less?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance coverage companies in your area.

Switch companies and save? Really?

Progressive, Allstate and Geico regularly use television and radio advertisements. All the companies make an identical promise about savings if you move to their company. How can each company make the same claim? It’s all in the numbers.

Insurance companies are able to cherry pick for the type of driver that makes them money. For instance, a preferred risk could possibly be between the ages of 40 and 55, has no driving citations, and chooses high deductibles. Any driver who meets those qualifications gets the lowest rates and most likely will cut their rates substantially.

Potential customers who don’t meet this ideal profile will be charged a more expensive rate and this can result in the customer not buying. The ads say “people who switch” not “people who quote” save money. This is how companies can make the claims of big savings. That is why it is so important to get quotes from several different companies. Because you never know which company will fit your personal profile best.

Auto insurance 101

Understanding the coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. Car insurance terms can be confusing and reading a policy is terribly boring. These are the normal coverages found on the average car insurance policy.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like rolling your car, sustaining damage from a pot hole, colliding with another moving vehicle, damaging your car on a curb and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive insurance

This covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as a tree branch falling on your vehicle, damage from flooding, falling objects and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2008 Lexus RX 400h.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Liability coverage

Liability insurance will cover injuries or damage you cause to other’s property or people in an accident. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage protects against claims such as structural damage, legal defense fees, medical expenses and loss of income. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for bills such as funeral costs, hospital visits, prosthetic devices, rehabilitation expenses and pain medications. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Affordable insurance is out there

Discount 2008 Lexus RX 400h insurance can be bought on the web in addition to many insurance agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who do not provide online price quotes and most of the time these smaller companies sell through independent agents.

We’ve covered a lot of techniques to get a better price on insurance. It’s most important to understand that the more you quote, the higher the chance of saving money. You may even find the most savings is with the least-expected company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, Geico and Progressive.

Even more information is located at these sites: