Save Money on Lexus RX 450h Insurance in San Antonio

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Insurance rates Lexus RX 450h in San AntonioSaving money on Lexus RX 450h insurance in San Antonio can seem to be challenging for beginners to comparing prices online. With so many insurance agents and companies in the marketplace, it can quickly become a real difficult job to find better prices on Lexus RX 450h insurance.

It's easy to assume that auto insurance companies don't want you to compare rates. Drivers who compare price quotes are likely to switch to a new company because there is a significant possibility of finding a lower-priced company. A recent study showed that people who compared price quotes annually saved as much as $72 a month compared to drivers who don't regularly compare prices.

If saving money on car insurance is your goal, then knowing how to get free comparison quotes and analyze insurance rates can make the process more efficient.

Lexus RX 450h coverage analysis

The rate information displayed next outlines a range of insurance prices for Lexus RX 450h models. Having a good grasp of how insurance rates are formulated can benefit drivers when making smart choices when comparing insurance rates.

Lexus RX 450h Insurance Rates in San Antonio, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 450H Hybrid 2WD 4-Dr $404 $924 $520 $30 $156 $2,034 $170
RX 450H Hybrid 4WD 4-Dr $404 $924 $520 $30 $156 $2,034 $170
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Table data does not factor in garaging location in San Antonio which can modify rates greatly.

Can higher deductibles save money?

One of the more difficult decisions when buying car insurance is how high should the physical damage deductibles be. The tables below help summarize the difference in cost when you select higher and lower comp and collision deductibles. The first set of rates uses a $250 deductible for physical damage and the second pricing table uses a $500 deductible.

Lexus RX 450h insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 450H Hybrid 2WD 4-Dr $370 $672 $430 $26 $128 $1,651 $138
RX 450H Hybrid 4WD 4-Dr $370 $672 $430 $26 $128 $1,651 $138
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Lexus RX 450h insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 450H Hybrid 2WD 4-Dr $300 $542 $430 $26 $128 $1,426 $119
RX 450H Hybrid 4WD 4-Dr $300 $542 $430 $26 $128 $1,426 $119
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Prices do not factor in garaging location in San Antonio which can raise or lower premium rates substantially.

Based on the figures above, using a $250 deductible would cost the average driver about $19 more each month or $228 every year across all Lexus RX 450h models than opting for the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have more than 13 months between claims, you would come out ahead if you choose a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $138
Average monthly premium for $500 deductibles (subtract): - $119
Monthly savings from raising deductible: $19
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

The example below shows how choosing a deductible and can affect Lexus RX 450h insurance costs for different ages of insureds. The premiums assume a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.

Accidents and violations increase rates

The diagram below demonstrates how speeding tickets and at-fault collisions can influence Lexus RX 450h car insurance rates for different ages of insureds. The data assumes a married male driver, comp and collision included, $100 deductibles, and no other discounts are factored in.

Difference between liability only and full coverage rates

The example below visualizes the comparison of Lexus RX 450h insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no violations or accidents, $250 deductibles, drivers are not married, and no other discounts are factored in.

When to buy liability coverage only

There is no set guideline for excluding full coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let's pretend your Lexus RX 450h settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after paying your deductible. If it's costing you more than $400 a year for physical damage coverage, then it could be time to drop full coverage.

There are some scenarios where eliminating full coverage is not a good plan. If you haven't paid off your loan, you have to maintain full coverage to protect the lienholder's interest. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Components of Your Lexus RX 450h Insurance Premiums

Many factors are considered when premium rates are determined. Some of the criteria are obvious such as your driving record, although others are more obscure such as whether you are married or your financial responsibility. Consumers need to have an understanding of the factors that help determine the rates you pay for insurance. When you know what positively or negatively positively or negatively impacts your premiums, this enables informed choices that can earn you much lower annual insurance costs.

Listed below are some of the major factors insurance companies consider when setting your rate level.

  • Your car's features help determine premiums - Driving a car with a theft deterrent system can help lower your rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all hinder your vehicle from being stolen.
  • Urban areas may pay more - Choosing to live in less populated areas of the country may provide you with better prices when buying insurance. Fewer drivers and short commutes translates into fewer accident claims and a lower car theft rate. Drivers who live in large Texas cities have traffic congestion and more time behind the wheel. The longer drive time can result in more accidents.
  • Pleasure use saves money - Driving more miles in a year's time the higher your rates will be. The majority of insurers calculate prices based upon how much you drive. Autos that have low annual miles can be on a lower rate level than those that get driven frequently. Improper usage on your RX 450h can result in significantly higher rates. It's always a good idea to double check that your insurance policy shows the right rating data, because it can save money.
  • Better insurance rates for continuous insurance coverage - Going without insurance is a fast way to bump up your insurance costs. In addition to paying higher rates, not being able to provide proof of insurance will get you fines and jail time.
  • Rates go up with performance - The make and model of the car you are trying to find cheaper insurance for makes a big difference in your auto insurance rates. The best insurance prices will normally be found when insuring small economy passenger vehicles, but many other things help determine your insurance rates.

    The data below assumes a single male driver age 20, full coverage with $500 deductibles, and no discounts or violations. The chart compares Lexus RX 450h car insurance rates compared to other makes and models that have a range of performance risks.

  • Does your occupation cost you more? - Do you work in a high-stress field? Jobs like lawyers, social workers, and medical professionals tend to have higher premium rates attributed to intense work situations and extremely grueling work hours. On the other hand, occupations like actors, historians and homemakers get better rates.
  • Insurance loss probability for a Lexus RX 450h - Insurers use historical loss data when setting premium costs. Vehicles that the data determines to have higher frequency or amount of claims will have higher premium rates.

    The information below illustrates the compiled insurance loss statistics for Lexus RX 450h vehicles. For each coverage category, the statistical loss for all vehicles, as a total average, is equal to 100. Values that are below 100 indicate a favorable loss history, while numbers above 100 point to more losses or a tendency for losses to be larger than average.

    Lexus RX 450h Insurance Loss Statistics
    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
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Statistics from IIHS.org for 2013-2015 Model Years

A conclusion for your insurance search

When buying insurance coverage, it's very important that you do not reduce needed coverages to save money. There have been many cases where an insured cut liability coverage limits and learned later that the savings was not a smart move. The ultimate goal is to get the best coverage possible at the lowest possible cost.

Insureds leave their current company for a variety of reasons including questionable increases in premium, poor customer service, delays in responding to claim requests and even unfair underwriting practices. It doesn't matter why you want to switch finding the right insurance provider is less work than it seems.

A few companies may not provide online quoting and usually these small, regional companies provide coverage only through independent agents. Cheaper insurance in San Antonio is definitely available online in addition to many San Antonio insurance agents, and you need to price shop both to have the best selection.

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