Cheap 2008 Lexus RX 400h Insurance Quotes

Trying to find better insurance prices for a Lexus RX 400h can be a painful process, but you can follow a few tricks to save time. There is a right way and a wrong way to find car insurance online and you need to know the absolute fastest way to get price quotes for a new or used Lexus and get the cheapest rates.

It’s a good idea to quote other rates occasionally because prices are variable and change quite frequently. Even if you got the best rates for RX 400h insurance two years ago you will most likely find a better premium rate today. Block out anything you think you know about car insurance because you’re about to learn the easiest way to properly buy coverages while reducing your premium.

First Step: Get free insurance quotes

Comparing insurance rates is a ton of work if you don’t utilize the most efficient way. You can waste a lot of time talking to local insurance agents in your area, or you could save time and use the web to quickly compare rates.

Many companies enroll in a system that allows shoppers to enter their policy data once, and each company can provide price quotes for coverage. This prevents consumers from doing quote forms to every company.

To find out how much you can save on insurance click to open in new window.

The one disadvantage to doing it this way is that consumers can’t choose which carriers to get quotes from. So if you prefer to choose from a list of companies to request quotes from, we have a page of low cost insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but be certain you are entering exactly the same information for each price quote. If each company quotes different liability limits it will be very difficult to truly determine the lowest rate.

Get cheap rates by getting discounts

The price of auto insurance can be rather high, but there are discounts available that you may not even know about. Most are applied when you purchase, but occassionally some discounts must be requested specifically in order for you to get them.

  • Discount for Swiching Early – A few companies offer discounts for switching to them prior to your current policy expiring. It’s a savings of about 10%.
  • Discount for Good Grades – Excelling in school could provide a savings of up to 20% or more. The good student discount can last up until you turn 25.
  • Life Insurance Discount – Select insurance companies reward you with a small discount if you purchase some life insurance in addition to your auto policy.
  • Data Collection Discounts – Insureds who allow driving data collection to monitor when and where they use their vehicle by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system could save a few bucks as long as they are good drivers.
  • Multi-Vehicle Discounts – Having multiple cars on one policy qualifies for this discount.
  • Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • 55 and Retired – Seniors may receive a discount up to 10% for RX 400h insurance.
  • Distant Student Discount – Children who are enrolled in a college that is more than 100 miles from home and don’t have a car may be able to be covered for less.

A little disclaimer on discounts, some of the credits will not apply to the entire cost. Most cut the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy. Any amount of discount should definitely cut your policy cost.

Companies and some of their more popular discounts are:

  • American Family may include discounts for bundled insurance, Steer into Savings, mySafetyValet, good student, accident-free, and early bird.
  • State Farm has discounts for driver’s education, multiple autos, Steer Clear safe driver discount, Drive Safe & Save, and good driver.
  • 21st Century offers premium reductions for defensive driver, teen driver, good student, air bags, 55 and older, anti-lock brakes, and driver training.
  • Travelers policyholders can earn discounts including multi-car, driver training, continuous insurance, new car, and save driver.
  • GEICO offers discounts for emergency military deployment, military active duty, seat belt use, daytime running lights, anti-lock brakes, and federal employee.

Before buying, ask each company or agent which discounts they offer. Depending on the company, some discounts may not apply to policyholders in your state. If you would like to see a list of insurers who offer discounts, click this link.

Your car insurance coverage should be tailored to you

When it comes to choosing coverage, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s.

Here are some questions about coverages that could help you determine if your insurance needs might need an agent’s assistance.

  • Are split liability limits better than a combined single limit?
  • Do I need more liability coverage?
  • At what point should I drop full coverage?
  • Is upholstery damage covered by car insurance?
  • What is an SR-22 filing?
  • Do I have coverage when pulling a U-Haul trailer?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form. It’s fast, free and you can get the answers you need.

Insurance coverage options for a 2008 Lexus RX 400h

Learning about specific coverages of your policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Collision coverage

Collision insurance will pay to fix damage to your RX 400h resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as scraping a guard rail, sideswiping another vehicle, backing into a parked car and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

Comprehensive auto coverage

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as damage from getting keyed, hitting a deer and hitting a bird. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses like surgery, doctor visits and rehabilitation expenses. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection 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 Lexus RX 400h.

Because many people carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Liability auto insurance

Liability insurance can cover damage or injury you incur to a person or their property. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for claims such as legal defense fees, loss of income and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.