2006 Lexus RX 400h Insurance Rates – 5 Discounts for Best Quotes

Looking for the cheapest auto insurance rates for your Lexus RX 400h? Are you at wits end from sacrificing to buy auto insurance? You have the same problem as many other consumers.

Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate constantly blast consumers with ad campaigns and it can be hard to ignore the flashy ads and effectively compare rates to find the best deal.

How to compare auto insurance rate quotes

There are a lot of ways to compare auto insurance prices and some are less time-consuming than others. You could spend the better part of a day discussing policy coverages with insurance companies in your area, or you could use the web to accomplish the same thing much quicker.

Many insurance companies participate in a marketplace that allows shoppers to send in one quote, and each participating company returns a rated price based on that data. This eliminates the need for quote requests for each company. To use this form to compare rates click to open in new window.

The one downside to using this type of system is you are unable to specify which companies you will receive quotes from. If you would rather choose specific providers to receive pricing from, we have a page of companies who write auto insurance in your area. Click to view list.

It’s your choice how you get your quotes, but ensure you’re using apples-to-apples coverage information with every price quote. If the quotes have mixed coverages you can’t possibly determine the best price for your Lexus RX 400h. Just a small difference in insurance coverages could mean much higher rates. It’s important to know that comparing all the rates in your area gives you a better chance of getting the best price. Not every company allows you to get online rate quotes, so you should also compare rates from them, too.

Take these five policy discounts and save

Companies don’t always publicize all disounts very clearly, so the following list contains a few of the more common as well as some of the hidden credits that you can use to lower your rates.

• Include Life Insurance and Save – Not all companies offer life insurance, but some may give you a discount if you purchase life insurance.
• Online Discount – A few insurance companies may give you up to $50 for signing up on the internet.
• Federal Employees – Active or former government employment may reduce rates when you quote insurance for RX 400h insurance depending on your insurance coverage provider.
• Buy New and Save – Insuring a vehicle that is new can save you some money due to better safety requirements for new vehicles.
• ABS and Traction Control Discounts – Cars with ABS braking systems or traction control have fewer accidents and qualify for as much as a 10% discount.

It’s important to note that many deductions do not apply to the entire cost. Most only apply to the cost of specific coverages such as comprehensive or collision. Despite the appearance that all those discounts means the company will pay you, companies don’t profit that way. Any qualifying discounts will lower your overall premium however.

Popular insurance coverage companies and the discounts they provide can be found below.

• GEICO includes discounts for federal employee, anti-theft, good student, five-year accident-free, and daytime running lights.
• SAFECO offers discounts including bundle discounts, teen safety rewards, anti-theft, teen safe driver, multi-car, drive less, and accident prevention training.
• State Farm has savings for good driver, passive restraint, Drive Safe & Save, defensive driving training, and anti-theft.
• MetLife offers discounts for good driver, defensive driver, claim-free, multi-policy, good student, and accident-free.
• 21st Century may include discounts for student driver, theft prevention, early bird, homeowners, driver training, good student, and 55 and older.
• Progressive offers premium reductions for continuous coverage, homeowner, online signing, multi-vehicle, online quote discount, and multi-policy.

It’s a good idea to ask every company which discounts they offer. Depending on the company, some discounts may not apply to policyholders in every state.

Which policy gives me the best coverage?

When buying the right insurance coverage, there is no perfect coverage plan. Everyone’s situation is a little different so your insurance should reflect that Here are some questions about coverages that may help you determine if your insurance needs will benefit from professional help.

• Do I need added coverage for expensive stereo equipment?
• When should I drop full coverage on my 2006 Lexus RX 400h?
• Will filing a claim cost me more?
• Why do I only qualify for high-risk insurance?
• Is there coverage for injuries to my pets?
• What is the rate difference between pleasure use and commuting?

If it’s difficult to answer those questions, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.

Car insurance coverages 101

Knowing the specifics of a car insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages found on the average car insurance policy.

Collision coverages – This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like hitting a parking meter, sideswiping another vehicle, colliding with a tree, backing into a parked car and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible in order to get cheaper collision rates.

Auto liability insurance – This will cover damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims such as funeral expenses, legal defense fees, bail bonds and medical expenses. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.

Comprehensive coverage – This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as a broken windshield, rock chips in glass, damage from a tornado or hurricane, fire damage and damage from flooding. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for bills for X-ray expenses, hospital visits, prosthetic devices, doctor visits and rehabilitation expenses. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your Lexus RX 400h.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.