Car Insurance Quotes for a Lexus RX 450h in Lexington

Unbelievable but true according to a study nearly 70% of consumers kept buying from the same company for four years or more, and nearly 40% of drivers have never even compared quotes to find affordable rates. American drivers could save $860 a year, but they underestimate the actual amount they would save if they swap their current policy for a cheaper one.

Truthfully, the best way to find cheaper prices for Lexus RX 450h insurance is to start comparing prices regularly from providers in Lexington.

• Step 1: Try to learn about the coverage provided by your policy and the measures you can take to drop your rates. Many risk factors that cause high rates such as speeding and a less-than-favorable credit rating can be controlled by being financially responsible and driving safely.
• Step 2: Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from a single company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes from many different companies.
• Step 3: Compare the quotes to your current policy to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, make sure there is no lapse in coverage.

One tip to remember is that you use the same coverage limits and deductibles on each quote request and and to get rates from all possible companies. This helps ensure the most accurate price comparison and the best price selection.

When comparison shopping, making a lot of price comparisons increases the chance that you will find lower pricing.

The companies in the list below have been selected to offer free quotes in Lexington, KY. In order to find cheap auto insurance in Lexington, KY, it’s a good idea that you visit two to three different companies to get the best price comparison.

Auto insurance statistics and figures

The table displayed below highlights different policy rates for Lexus RX 450h models. Having a better idea how prices are calculated can benefit drivers when making informed purchases.

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Prices do not factor in Lexington location which can modify coverage prices considerably.

Analysis of deductible levels

One of the most common auto insurance questions is how low should you set your deductibles. The following tables outline how much more rates are of buying low and high physical damage deductibles. The first rate table uses a $250 deductible for physical damage and the second price chart uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate quotes do not factor in specific garaging location which can influence price quotes substantially.

Using the data above, we can ascertain that using a $250 deductible costs approximately $16 more each month or $192 annually than requesting the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go at least 16 months between claims, you would probably be better off by selecting a higher deductible.

The chart below demonstrates how choosing different deductibles and can raise or lower Lexus RX 450h premium costs for each age group. Data assumes a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Impact of careless driving on auto insurance rates

The illustration below illustrates how violations and accident claims raise Lexus RX 450h auto insurance costs for each age group. The data assumes a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Auto insurance rates based on gender

The illustration below shows the difference between Lexus RX 450h insurance premiums for male and female drivers. The price estimates are based on no violations or accidents, full coverage, $100 deductibles, drivers are single, and no discounts are factored in.

Lower-cost Lexington car insurance quotes with discounts

Companies don’t always list all discounts very well, so the next list breaks down some of the best known and also the lesser-known ways to save on car insurance.

• Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class as it will make them better drivers and lower rates.
• Good Students Pay Less – Being a good student can earn a discount of 20% or more. Most companies allow this discount well after school through age 25.
• Service Members Pay Less – Having a family member in the military may lower your rates slightly.
• Resident Student – Any of your kids who are enrolled in a college that is more than 100 miles from Lexington and do not have access to a covered vehicle can be insured at a reduced rate.
• Defensive Driver Discount – Successfully completing a driver safety class is a good idea and can lower rates depending on where you live.
• Discount for Multiple Policies – If you can combine your auto and home policy with one insurance company you could earn a discount of over 10 percent off each policy depending on the company.

As a sidenote, most of the big mark downs will not be given to the entire cost. Most cut the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The illustration below shows the difference between Lexus RX 450h auto insurance rates with and without discounts being applied to the rates. The prices are based on a male driver, a clean driving record, no claims, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, homeowner, multi-car, safe-driver, and claim-free discounts applied.

To find insurance companies who offer free Lexus RX 450h insurance quotes in Lexington, follow this link.

Why you need insurance for your RX 450h

Even though Lexington RX 450h insurance rates can get expensive, maintaining insurance is required for several reasons.

First, almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific minimum amount of liability protection in order to get the vehicle licensed. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your vehicle, most lenders will make it mandatory that you have full coverage to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender may insure your Lexus at a much higher rate and require you to pay for the much more expensive policy.

Third, insurance protects not only your Lexus RX 450h but also your financial assets. Insurance will pay for all forms of medical expenses that are the result of an accident. One policy coverage, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying enough insurance are definitely more than the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is currently overpaying as much as $820 a year so it’s very important to do a rate comparison once a year at a minimum to ensure rates are competitive.

What if I want to buy from local Lexington car insurance agents?

Certain consumers would rather buy from a licensed agent and we recommend doing that The biggest benefit of price shopping on the web is that you can obtain cheaper rates but also keep your business local. Buying insurance from small agencies is important particularly in Lexington.

Upon completion of this short form, your information is submitted to companies in Lexington who will gladly provide quotes and help you find cheaper coverage. There is no reason to search for any insurance agencies because prices are sent to you. You can find the lowest rates and an insurance agent to talk to. If you have a need to get a comparison quote from a particular provider, don’t hesitate to visit that company’s website and submit a quote form there.

When searching for a good insurance agency, you should know the types of agencies and how they can write your policy. Lexington agents are classified as either exclusive agents or independent agents.

Independent Agents (or Brokers)

These type of agents do not work for one specific company and that is an advantage because they can write policies with an assortment of companies and get you the best rates possible. If you want to switch companies, your agent can just switch to a different company and you don’t have to switch agencies.

If you are trying to find cheaper rates, it’s a good idea to get insurance quotes from at a minimum one independent agency for the best price selection.

Shown below are independent agencies in Lexington that can possibly get you pricing information.

View more Lexington agents

Exclusive Auto Insurance Agents

Agents in the exclusive channel normally can only provide a single company’s rates and examples are Allstate, State Farm and Farmers Insurance. They are unable to place coverage with different providers so you need to shop around if the rates are high. Exclusive agencies receive a lot of sales training in insurance sales and that allows them to sell at a higher price point.

The following are exclusive insurance agents in Lexington that are able to give comparison quotes.

View more Lexington agents

Selecting a auto insurance agent is decision based upon more than just the premium amount. You should also get answers to these questions.

• Are there any extra charges for paying monthly?
• Does the agency have a current Errors and Omissions policy?
• Is every driver in your family covered?
• Does the quote include credit and driving reports?
• Does the agency provide any after hours assistance?
• Where would your vehicle be repaired?
• Do they assist clients in filing claims?

After getting good feedback and a good coverage price, you have narrowed it down to an insurance agent that can be relied on to properly service your auto insurance policy.

Car insurance coverages for a Lexus RX 450h

Knowing the specifics of your policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverage types offered by auto insurance companies.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Lexus RX 450h.

Since many Kentucky drivers have only the minimum liability required by law (Kentucky limits are 25/50/10), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these limits do not exceed the liability coverage limits.

Comprehensive protection

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as damage from getting keyed, vandalism and rock chips in glass. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical expense coverage

Med pay and PIP coverage kick in for expenses like funeral costs, doctor visits, dental work, hospital visits and X-ray expenses. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision insurance

Collision insurance pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like crashing into a building, backing into a parked car, crashing into a ditch, colliding with a tree and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible on your RX 450h to bring the cost down.

Liability coverages

This coverage will cover damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/10 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $10,000. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for things like repair bills for other people’s vehicles, attorney fees, structural damage, pain and suffering and court costs. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible. Kentucky state law requires minimum liability limits of 25/50/10 but you should think about purchasing better liability coverage.

The illustration below demonstrates why buying the state minimum limits may not be enough.