2018 Lexus NX 300 Car Insurance Quotes – 7 Savings Tips

Trying to find better car insurance rates for your Lexus NX 300? Pricey Lexus NX 300 insurance can deplete your monthly budget and make it tough to pay other bills. Shopping your coverage around can be a smart way to make sure you’re not throwing money away.

Vehicle owners have multiple car insurance companies to insure vehicles with, and even though it’s nice to be able to choose, having more insurers makes it harder to find the lowest rates.

It’s a good idea to check car insurance prices once or twice a year because prices are constantly changing. Despite the fact that you may have had the lowest rates for NX 300 insurance six months ago a different company probably has better premium rates today. Forget all the misinformation about car insurance because we’re going to demonstrate the only way to reduce your cost while improving coverage.

This information will familiarize you with the most effective way to quote insurance. If you currently have car insurance, you will most likely be able to cut costs considerably using these methods. Nevertheless, vehicle owners do need to understand how the larger insurance companies price insurance differently and use this information to your advantage.

Which car insurance is cheapest?

There are several ways to compare car insurance prices but one way is less labor-intensive and much quicker. You could waste time talking about coverages with insurance agencies in your area, or you can stay home and use online quoting to get the quickest rates.

Many of the larger companies take part in a program where prospective buyers submit their information once, and at least one company returns a rated price based on the submitted data. This eliminates the need for quotation requests for each company you want a rate for. To use this form to compare rates click here (opens in new window).

The one disadvantage to comparing rates this way is you cannot specify which insurance companies to get quotes from. So if you prefer to pick from a list of companies to receive pricing from, we have a listing of car insurance companies in your area. View list of insurance companies.

Whichever way you use, ensure you’re using identical information for every company. If you use different liability limits you will not be able to find the best deal for your Lexus NX 300. Quoting even small variations in coverage limits could skew the results. It’s important to know that comparing all the rates in your area increases the change that you will find a better price.

Don’t listen to company ads

Well-known auto insurance companies like Allstate and Progressive endlessly run television, radio, and online ads. All the ads make the same claim that you can save just by switching your auto insurance coverage to their company. How is it plausible that every one can make almost identical claims? It’s all in the numbers.

Companies have an ideal profile for a prospective insured that earns them the most money. For example, a profitable insured might have to be over the age of 45, has a low-risk occupation, and drives a safe vehicle. A propective insured that hits that “sweet spot” receives the best rates and therefore will cut their rates substantially.

Potential insureds who do not meet the “perfect” profile will probably be forced to pay a more expensive rate and ends up with the prospect going elsewhere. If you pay attention, the ads say “customers who switch” not “everybody who quotes” save that much money. That’s the way insurance companies can advertise the way they do.

Because of the profiling, it’s extremely important to do a quote comparison often. Because you cannot predict with any certainty which company will provide you with the cheapest prices.

Lower-cost insurance coverage rates with discounts

Insuring your vehicles can cost a lot, but there could be significant discounts that you may not even be aware of. Certain discounts will be applied when you complete an application, but once in a while a discount must be specifically requested before being credited.

  • Discounts for Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates for NX 300 insurance than drivers with accidents.
  • Driving Data Discount – Policyholders that allow their company to track driving habits by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could save a few bucks as long as the data is positive.
  • Multi-car Discount – Buying insurance for multiple cars on a single policy can get a discount on all vehicles.
  • Passive Restraint Discount – Factory air bags could see savings up to 30%.
  • Military Deployment Discount – Having a deployed family member may lower your prices slightly.
  • ABS and Traction Control Discounts – Cars, trucks, and SUVs equipped with ABS or steering control are much safer to drive and will save you 10% or more.
  • Distant College Student Discount – who are enrolled in a college that is more than 100 miles from home and do not have a car can be insured at a reduced rate.

Keep in mind that most of the big mark downs will not be given the the whole policy. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like you could get a free insurance coverage policy, nobody gets a free ride.

Popular insurance coverage companies and their offered discounts are detailed below.

  • Mercury Insurance may include discounts for low natural disaster claims, type of vehicle, location of vehicle, ease of repair, good driver, good student, and age of vehicle.
  • Farmers Insurance may offer discounts for mature driver, youthful driver, switch companies, distant student, and alternative fuel.
  • Farm Bureau offers discounts for youthful driver, 55 and retired, multi-vehicle, renewal discount, and safe driver.
  • State Farm has savings for good student, Drive Safe & Save, accident-free, multiple autos, student away at school, passive restraint, and safe vehicle.
  • Allstate has discounts for farm vehicle, good student, safe driver, multi-policy, teenSMART discount, senior citizen, and defensive driver.
  • GEICO includes discounts for multi-policy, good student, emergency military deployment, defensive driver, and driver training.

If you are trying to find the cheapest insurance quotes, ask every company what discounts are available to you. Some of the earlier mentioned discounts may not apply to policyholders in your area. To view insurance coverage companies with the best insurance coverage discounts, follow this link.

Tailor your auto insurance coverage to you

When choosing proper insurance coverage for your vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions may help you determine if your situation could use an agent’s help.

  • How can I get my company to pay me more for my totalled car?
  • Should I buy full coverage?
  • What is no-fault insurance?
  • What are the best liability limits?
  • Will I lose any money if I cancel my policy before it expires?
  • Is my 2018 Lexus NX 300 covered for flood damage?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Specifics of your car insurance policy

Understanding the coverages of your policy aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Listed below are the usual coverages found on most car insurance policies.

Liability coverage

This coverage protects you from damage that occurs to a person or their property by causing an accident. It protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

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 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is a combined limit that pays claims from the same limit without having the split limit caps.

Liability coverage protects against things such as pain and suffering, repair costs for stationary objects, bail bonds, court costs and emergency aid. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.

Medical expense insurance

Med pay and PIP coverage reimburse you for immediate expenses for things like hospital visits, doctor visits, pain medications, surgery and dental work. They are used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Lexus NX 300.

Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Usually these coverages are set the same as your liablity limits.

Collision protection

Collision insurance will pay to fix damage to your NX 300 resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like sideswiping another vehicle, backing into a parked car, rolling your car, scraping a guard rail and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive (Other than Collision)

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, hail damage, fire damage, vandalism and a broken windshield. The maximum amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Smart shoppers get results

We covered many ways to lower your 2018 Lexus NX 300 insurance car insurance rates. It’s most important to understand that the more price quotes you have, the higher your chance of finding the cheapest insurance. You may even discover the most savings is with the least-expected company. Regional companies may cover specific market segments cheaper than their larger competitors like Progressive or GEICO.

While you’re price shopping online, make sure you don’t buy lower coverage limits just to save a few bucks. In too many instances, an accident victim reduced collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy a smart amount of coverage at the lowest possible cost but still have enough coverage for asset protection.

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