How Much Does 2014 Lexus RX 450h Insurance Cost?

Trying to find the cheapest auto insurance rates for your Lexus RX 450h? Sick and tired of paying out the nose to pay your car insurance bill each month? Your situation is no different than millions of other consumers.

Popular companies such as Geico and Progressive all claim big savings, bombarding you with fancy advertisements and it is difficult to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

It’s a good idea to compare prices at least once a year because prices go up and down regularly. If you had the best rates on RX 450h insurance a few years ago there is a good chance you can find better rates now. There is a lot of bad advice regarding auto insurance online but I’m going to show you a bunch of ideas how to put money back in your pocket.

Which Auto Insurance is Cheapest?

Most major insurance companies quote pricing online. This process is pretty easy as you just type in the coverages you want as requested by the quote form. Upon sending the form, their system collects credit information and your driving record and generates a price based on these factors. This streamlines rate comparisons, but the time it takes to visit different websites and type in the same information can be a bit tiresome and repetitive. But it is imperative to have as many quotes as possible if you want to find better auto insurance pricing.

A quicker way to find cheaper rates uses one form that gets prices from several companies at one time. It saves time, reduces the work, and makes comparison shopping much easier to do. As soon as the form is sent, your coverage is rated and you can select any one of the quotes that you receive. If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. The whole process takes less than 15 minutes and you will find out if you’re overpaying now.

To save time and find out how much you can save on auto insurance, click here to open in new window and enter your information. If you have a policy now, it’s recommended that you enter the coverage information just like they are on your policy. This way, you will get rate comparison quotes using the exact same coverages.

Pay less for 2014 Lexus RX 450h insurance

Auto insurance companies don’t necessarily list all available discounts very clearly, so we researched both well-publicized and the harder-to-find ways to save on auto insurance.

  • Own a Home – Owning a home can save you money due to the fact that maintaining a home requires personal responsibility.
  • Life Insurance – Companies who offer life insurance give better rates if you take out life insurance from them.
  • Accident Waiver – Some insurance companies will forgive one accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.
  • Low Mileage – Fewer annual miles on your Lexus can earn lower rates on the low mileage vehicles.
  • Save over 55 – If you’re over the age of 55, you can possibly qualify for a small decrease in premiums on RX 450h insurance.
  • Discount for Swiching Early – Some companies give discounts for signing up prior to your current policy expiring. The savings is around 10%.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
  • Discount for New Cars – Insuring a new car can save up to 30% compared to insuring an older model.

A little note about advertised discounts, some of the credits will not apply to the entire policy premium. Most cut individual premiums such as comprehensive or collision. So even though it sounds like you could get a free auto insurance policy, auto insurance companies aren’t that generous.

Car insurance companies that possibly offer these money-saving discounts include:

Check with all companies you are considering which discounts you may be entitled to. Some discounts may not apply in your state.

Lexus RX 450h insurance premiums are calculated by many factors

An important part of buying insurance is that you know the different types of things that go into determining the rates you pay for insurance coverage. Understanding what influences your rates helps enable you to make changes that will entitle you to better insurance coverage rates.

Listed below are a partial list of the pieces that factor into prices.

  • Little extras can really add up – There are a ton of extra bells and whistles you can purchase if you aren’t careful. Coverages like rental car reimbursement, better glass coverage and motor club memberships may be wasting your money. These coverages may sound good initially, but if you don’t need them get rid of them and save.
  • Don’t skimp on liability – Your policy’s liability coverage provides coverage if ever a court rules you are at fault for causing damage or personal injury in an accident. It will provide legal defense starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.
  • Claim-free discounts can add up – Companies provide discounts to insureds who are claim-free. If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Insurance coverage is designed for the large, substantial claims.
  • Adjust deductibles and save – The deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of covered claims are running into the backend of another car, vandalism, and windstorm damage. The higher the amount you’re willing to pay, the less your company will charge you for insurance on RX 450h insurance.
  • Being married can save on insurance coverage – Having a spouse can actually save you money on your insurance coverage policy. Having a spouse means you’re more mature and responsible it has been statistically shown that drivers who are married are more cautious.
  • One company can mean more discounts – Some companies give discounts to policyholders who consolidate policies with them such as combining an auto and homeowners policy. Discounts can amount to anywhere from five to ten percent in most cases. Even with this discount, you may still want to compare rates to ensure the best deal.
  • Are you male or female? – Statistics show that men are more aggressive behind the wheel. Now that doesn’t mean women are better drivers. Women and men cause accidents in similar numbers, but the males tend to have more serious accidents. They also get cited for more serious violations like DUI and reckless driving.
  • Pleasure use or commuting – The more miles you rack up on your Lexus in a year’s time the higher your rate. The majority of insurers rate vehicles based on how the vehicle is used. Autos that are left in the garage receive lower rates than vehicles that are driven to work every day. Verify your insurance coverage policy properly reflects how each vehicle is driven, because improper ratings can cost you money. If your policy improperly rates your RX 450h may be wasting your money.

Tailor your coverage to you

When it comes to choosing adequate coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. For example, these questions can help discover whether your personal situation might need professional guidance.

  • Should I drop comprehensive coverage on older vehicles?
  • Does car insurance cover theft of personal property?
  • Do I need motorclub coverage?
  • Where can I get insurance after a DUI in my state?
  • Does my liability insurance cover pulling a trailer or camper?
  • What are the financial responsibility laws in my state?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I have newly-aquired coverage?
  • Am I covered when using my vehicle for business?
  • Is a blown tire covered by insurance?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Specifics of your insurance policy

Having a good grasp of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types offered by insurance companies.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as colliding with a tree, hitting a mailbox and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.

Liability auto insurance

This coverage will cover damage that occurs to a person or their property that is your fault. It protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things like loss of income, bail bonds and funeral expenses. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Lexus RX 450h.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive insurance

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like falling objects, hitting a bird, damage from flooding and hail damage. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for expenses for nursing services, chiropractic care and ambulance fees. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Have the Midas touch

We’ve covered quite a bit of information on how to lower your 2014 Lexus RX 450h insurance rates. The key thing to remember is the more times you quote, the better your chances of lowering your rates. You may even find the biggest savings come from some of the smallest insurance companies. They may have significantly lower rates on certain market segments than their larger competitors like State Farm or Progressive.

When buying insurance coverage, do not sacrifice coverage to reduce premiums. In many instances, drivers have reduced uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy a smart amount of coverage at the best price while still protecting your assets.

Lower-priced insurance is available on the web and with local insurance agents, so you should compare both to have the best chance of lowering rates. Some insurance companies do not offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

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