Do you want to learn how to find more affordable Lexus RX 450h insurance in Phoenix? Finding a different company that has cheaper RX 450h insurance could seem overwhelming if you’re new to quote comparisons online. But don’t be intimidated because finding cheaper rates for Lexus RX 450h insurance in Phoenix is actually fairly simple.
Amazingly, almost 70% of insureds in Arizona kept buying from the same company for at least the last four years, and nearly half have never compared rates to find cheaper insurance. Drivers in the United States could save an average of approximately $850 each year by just shopping around, but they don’t believe the amount of savings they would get if they switched to a cheaper policy.
Locating the most cost-effective auto insurance policy in Phoenix is much easier if you know where to start. If you currently have auto insurance, you will be able to get lower rates using these tips. But Arizona car owners should learn the methods companies use to set your policy premium.
The best way to compare rates for Lexus RX 450h insurance in Phoenix is to realize most of the bigger providers have advanced systems to give you rate quotes. The one thing you need to do is give them some information including whether you are single or married, how much coverage you want, if you have an active license, and if it has an anti-theft system. That information is then sent to insurance carriers in your area and you receive quotes immediately.
To get price quotes for your Lexus RX 450h now, click here and enter the information requested.
The companies in the list below are our best choices to provide price quotes in Arizona. If several companies are displayed, we suggest you visit as many as you can to get a more complete price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $278 | $650 | $382 | $22 | $114 | $1,446 | $121 |
| RX 450H Hybrid 4WD 4-Dr | $204 | $418 | $382 | $22 | $114 | $1,140 | $95 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in your specific Phoenix location which can influence auto insurance rates noticeably.
Comparison of full coverage and liability-only policies
The chart below visualizes the comparison of Lexus RX 450h insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. The rates are based on no accidents or driving violations, $250 deductibles, single male driver, and no discounts are applied to the premium.
When to stop buying comprehensive and collision coverage
There is no specific rule of when to phase out physical damage coverage, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Lexus RX 450h replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after you pay the deductible. If you are paying over $200 annually for physical damage coverage, then you might consider buying liability only.
There are some cases where buying only liability insurance is not advised. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Safe drivers pay cheaper rates
The example below demonstrates how speeding tickets and accident claims increase Lexus RX 450h insurance prices for different age groups of insureds. The costs are based on a single male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
Should you raise deductibles?
When buying auto insurance, a common question is where should you set your physical damage deductibles. The rates shown below can help you visualize the rate difference between low and high insurance deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $324 | $632 | $338 | $20 | $102 | $1,441 | $120 |
| RX 450H Hybrid 4WD 4-Dr | $324 | $632 | $338 | $20 | $102 | $1,441 | $120 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $236 | $428 | $338 | $20 | $102 | $1,124 | $94 |
| RX 450H Hybrid 4WD 4-Dr | $236 | $428 | $338 | $20 | $102 | $1,124 | $94 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can affect rates greatly.
Based on the above data, using a $100 deductible costs approximately $26 more each month or $312 each year than quoting the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you have more than 15 months between claims, you would probably save some money going with the higher deductible.
Car insurance just makes sense
Even though it can be expensive, maintaining insurance serves an important purpose.
- Most states have mandatory insurance requirements which means the state requires a minimum amount of liability insurance if you don’t want to risk a ticket. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Lexus RX 450h, almost every bank will make it a condition of the loan that you buy full coverage to protect their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Lexus at an extremely high rate and force you to reimburse them much more than you were paying before.
- Insurance safeguards both your Lexus and your personal assets. It will also provide coverage for most medical and hospital costs for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your Lexus gets damaged, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of carrying enough insurance more than offset the price you pay, particularly when you have a large claim. The average driver in America is overpaying over $830 a year so smart consumers compare quotes at every policy renewal to be sure current rates are still competitive.
Smart Consumers Can Cut Insurance Costs
Multiple criteria are used in the calculation when you get your auto insurance bill. Most are fairly basic like a motor vehicle report, although some other factors are more obscure such as your marital status or your commute time.
The items below are some of the things car insurance companies consider when setting your premiums.
- Pay more for higher performance vehicles – The performance level of the car, truck or SUV you drive makes a significant difference in how high your rates are. The cheapest rates are usually for small economy passenger models, but there are many factors that impact the final cost. Because the Lexus RX 450h is considered a luxury SUV, insuring your vehicle will cost substantially more in price when compared to the average rates in Phoenix.
- Choose high safety ratings and save – Cars with high safety ratings are cheaper to insure. Vehicles engineered for safety protect occupants better and any reduction in injury severity means your insurance company pays less and lower rates for you. If the Lexus RX 450h earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
- When should you file a policy claims? – Insurance companies in Arizona award the lowest premiums to policyholders who file claims infrequently. If you are a frequent claim filer, you can expect either policy cancellation or increased premiums. Auto insurance is designed for claims that you cannot pay yourself.
- Cheaper rates with high comp and collision deductibles – Protection for physical damage, otherwise known as comp (or other than collision) and collision, helps pay for damage to your vehicle. Some instances where coverage would apply are collision with another vehicle, vandalism, and having your car stolen. Comp and collision deductibles define how much you are willing to pay if the claim is covered. The larger the amount you’re willing to pay, the bigger discount you will receive.
- Loss statistics for a Lexus RX 450h – Insurers study historical loss data to help determine prices. Vehicles that the data shows to have higher losses will have higher rates for specific coverages.
The table shown below demonstrates the historical insurance loss data for Lexus RX 450h vehicles. For each coverage category, the claim probability for all vehicles, as an average, is a value of 100. Percentage values below 100 mean the vehicle has better than average losses, while values that are above 100 indicate more frequent losses or a tendency for losses to be larger than average.
Auto Insurance Loss Data for Lexus RX 450h Models
Specific Lexus Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Lexus RX 450h Hybrid 4dr 2WD 125 119 110 60 Lexus RX 450h Hybrid 4dr 4WD 144 112 136 79 57 84 Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Discounts can help save money on Lexus RX 450h insurance in Phoenix
Car insurance is not cheap nor is it fun to buy but companies offer discounts that may help make it more affordable. Certain reductions will be credited at the time of purchase, but once in a while a discount must be asked for before you will receive the discount.
- Multiple Policy Discount – When you combine your home and auto insurance and insure them with the same company you may earn as much as 10 to 15 percent.
- Multi-car Discount – Purchasing coverage when you have multiple cars on one policy qualifies for this discount.
- Discount for Good Grades – Being a good student can save 20 to 25%. This discount can apply up until you turn 25.
- Memberships – Being in a civic or occupational organization in Phoenix could earn you a nice discount on your policy.
- Seat Belt Discounts – Buckling up and requiring all passengers to buckle up can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
As a footnote on discounts, most of the big mark downs will not be given to the entire cost. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.
If you would like to see a list of car insurance companies with discount rates in Arizona, click here to view.
How to know if you need help
Always remember that when buying proper insurance coverage, there really is not a “best” method to buy coverage. Everyone’s needs are different.
For example, these questions may help highlight whether you could use an agent’s help.
- What if I owe more than I can insure my car for?
- What is motorclub and do I need it?
- I don’t drive much so do I pay less?
- What are the best liability limits?
- When should I remove comp and collision on my Lexus RX 450h?
- Are my friends covered when driving my Lexus RX 450h?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.
Do I need an agent?
A small number of people would rather sit down with an agent and often times that is recommended A good thing about comparing rate quotes online is the fact that you can find cheap rate quotes but still work with a licensed agent.
After filling out this quick form, the coverage information is emailed to local insurance agents in Phoenix who want to provide quotes for your car insurance coverage. You won’t need to find an agent on your own due to the fact that quote results will go to you. You can get cheaper car insurance rates without a big time investment. If you need to compare rates from a particular provider, feel free to go to their quote page and give them your coverage information.
Choosing the best provider requires more thought than just a cheap price. Here are some questions you might want to ask.
- How much training do they have in personal risk management?
- Is the agency covered by Errors and Omissions coverage?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Will one accident increase rates?
- Is there a local claims center in Phoenix?
- Which insurance companies are they affiliated with?
Listed below are agents in Phoenix who can help you get rate quotes for Lexus RX 450h insurance in Phoenix.
- Eric Hamilton – State Farm Insurance Agent
10265 W Camelback Rd #120 – Phoenix, AZ 85037 – (623) 848-3048 – View Map - Llyrena Sherwood – State Farm Insurance Agent
3415 W Glendale Ave #7 – Phoenix, AZ 85051 – (602) 368-9102 – View Map - Fasula Kaplan Insurance Agency
11022 N 28th Dr Suite 125 – Phoenix, AZ 85029 – (602) 564-0880 – View Map - Jerry Wood – State Farm Insurance Agent
3738 E Thomas Rd – Phoenix, AZ 85018 – (602) 955-3284 – View Map
Be persistent and save
In this article, we presented many ideas to get a better price on Lexus RX 450h insurance in Phoenix. It’s most important to understand that the more price quotes you have, the higher your chance of finding affordable Phoenix auto insurance quotes. Consumers may even find the best prices are with an unexpected company.
Drivers leave their current company for a number of reasons such as an unsatisfactory settlement offer, policy non-renewal, extreme rates for teen drivers and unfair underwriting practices. Whatever your reason, finding a great new company is pretty simple and you could end up saving a buck or two.
Low-cost Lexus RX 450h insurance in Phoenix can be purchased both online and from local agencies, so you need to quote Phoenix auto insurance with both so you have a total pricing picture. Some companies do not offer the ability to get quotes online and most of the time these regional carriers provide coverage only through independent agents.
Helpful information
- Auto Theft Statistics (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Quotes for a Ford F-150 in Phoenix? (FAQ)
- How Much are Phoenix Car Insurance Quotes for Teachers? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers with Bad Credit in Phoenix? (FAQ)
- Who Has the Cheapest Auto Insurance for Uber Drivers in Phoenix? (FAQ)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Uninsured Motorist Statistics (Insurance Information Institute)