Locating low-cost insurance for a Lexus NX 300h in Florida can turn out to be a lot of work, but you can use these tips to save time. There is a better way to find insurance online so you’re going to learn the absolute fastest way to compare rates for a Lexus and obtain the lowest price from Jacksonville insurance agents and online providers.
What Determines Lexus NX 300h Insurance Prices?
Many factors are taken into consideration when you quote your car insurance policy. Some are obvious such as your driving record, although others are not as apparent like your continuous coverage or your commute time. Smart consumers have a good feel for some of the factors that play a part in calculating your premiums. When you know what positively or negatively determines premiums, this enables informed choices that could result in lower rates.
The factors shown below are some of the items used by companies to determine your premiums.
Location can modify price – Being located in a small town is a positive aspect when insuring your vehicles. Lower population means less chance of accidents in addition to fewer liability claims. City drivers have to deal with traffic congestion and more severe claims. The longer drive time statistically corresponds to a higher accident and claim rate.
Frequent auto insurance claims will cost you – If you file claims often, don’t be surprised to see much higher rates or policy non-renewal. Companies in Florida award most affordable rates to people who do not rely on their insurance for small claims. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.
Eliminate unneeded incidental coverages – Insurance policies have a lot of extra bells and whistles that may not really be needed but may not be useful. Coverage for things like rental car reimbursement, better glass coverage, and term life insurance may be wasting your money. These coverages may sound good when deciding what coverages you need, but now you might not need them so consider taking them off your policy.
Car insurance liability limits – A critical coverage on your policy, liability insurance will protect you when you are found liable for causing personal injury or damage in an accident. It will provide you with a defense in court starting from day one. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
Never allow your auto insurance to lapse – Driving your car without having proper coverage is a big no-no and companies may charge more for letting your coverage lapse. Not only will rates go up, the inability to provide proof of insurance could result in a hefty fine and possibly a revoked license. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the Florida motor vehicle department.
The providers in the list below are our best choices to provide price comparisons in Florida. If multiple companies are shown, we suggest you visit several of them in order to find the most affordable rates.
Auto insurance is not optional but you don’t have to overpay
Despite the potentially high cost of Lexus NX 300h insurance, maintaining insurance serves an important purpose.
- Just about all states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability insurance coverage in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Lexus, more than likely the lender will make it mandatory that you carry insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank will be required to insure your Lexus at a much higher rate and require you to pay the higher premium.
- Insurance safeguards both your vehicle and your assets. It also can pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance also pays for attorney fees and expenses if you are sued as the result of an accident. If you have damage to your Lexus as the result of the weather or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of buying auto insurance outweigh the cost, especially when you need to use it. An average driver in America overpays as much as $830 a year so it’s very important to do a rate comparison every year to make sure the price is not too high.
Companies offer lots of discounts on Lexus NX 300h insurance in Jacksonville
Some companies do not advertise all their discounts very clearly, so the list below gives a summary of a few of the more well known and the more hidden credits available to bring down your rates.
- Air Bag Discount – Factory air bags can qualify for discounts as much as 30%.
- Full Payment Discount – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
- Student in College – Older children living away from Jacksonville attending college without a vehicle on campus may be able to be covered for less.
- Theft Deterrent System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and therefore earn up to a 10% discount.
- Switch and Save Discount – A few larger companies give discounts for renewing your policy before your current coverage expires. The savings is around 10%.
A little note about advertised discounts, most credits do not apply to the overall cost of the policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. So when the math indicates you would end up receiving a 100% discount, you aren’t that lucky. But all discounts will positively reduce your policy cost.
A list of companies and a summarized list of policyholder discounts are shown below.
- GEICO has discounts for federal employee, anti-lock brakes, defensive driver, good student, five-year accident-free, air bags, and daytime running lights.
- Travelers may offer discounts for new car, student away at school, home ownership, good student, early quote, and save driver.
- Farm Bureau may include discounts for good student, safe driver, multi-policy, youthful driver, renewal discount, and 55 and retired.
- Liberty Mutual offers premium reductions for new vehicle discount, good student, new move discount, preferred payment discount, multi-policy, and teen driver discount.
- American Family offers discounts including accident-free, mySafetyValet, air bags, good student, and good driver.
- Progressive may have discounts that include good student, continuous coverage, multi-policy, online quote discount, and homeowner.
Double check with each company or agent which discounts they offer. All car insurance discounts might not be available to policyholders in your state. To see companies that offer some of these discounts in Jacksonville, click here to view.
When to talk to an insurance agent
Some people would prefer to talk to a local agent and that is not a bad decision Most agents can help determine the best coverages and help submit paperwork. One of the best bonuses of comparing rates online is the fact that you can find cheap car insurance rates and still choose a local agent.
To help locate an agent, after submitting this simple form, your coverage information gets sent to local insurance agents in Jacksonville that provide free Jacksonville auto insurance quotes for your insurance coverage. There is no reason to leave your computer as quotes are delivered instantly to you. If you want to get a comparison quote from one company in particular, you would need to find their quoting web page and fill out the quote form the provide.
Choosing a company should include more criteria than just the bottom line cost. Here are some questions to ask:
- Do they specialize in personal lines auto insurance in Jacksonville?
- Do they have any clout with companies to ensure a fair claim settlement?
- How many years of experience in personal auto insurance do they have?
- Are they paid to recommend certain coverages?
- Can you use your own choice of collision repair facility?
- Does the agent have a valid license to sell insurance in Florida?
If you want a good insurance agency, you need to know there are two different types of agencies that you can select. Car insurance policy providers can be classified as either exclusive or independent. Both types can do a good job, but it’s worth mentioning why they differ because it can impact buying decisions.
Exclusive Car Insurance Agents
These type of agents normally can only provide a single company’s rates like American Family, State Farm, and Allstate. They generally cannot provide other company’s prices so they have to upsell other benefits. Exclusive agents are highly trained on what they offer which helps them compete with independent agents. Consumers often use the same agent primarily because of high brand loyalty and the convenience of having a single billing for all their coverages.
Listed below is a short list of exclusive agencies in Jacksonville who can help you get price quote information.
- Jim Register – State Farm Insurance Agent
12058 San Jose Blvd #302 – Jacksonville, FL 32223 – (904) 268-5522 – View Map - Chris Bedford – State Farm Insurance Agent
3943 Baymeadows Rd #1 – Jacksonville, FL 32217 – (904) 730-4300 – View Map - Edie Williams – State Farm Insurance Agent
2325 Park St – Jacksonville, FL 32204 – (904) 425-4054 – View Map
Independent Agents (or Brokers)
Agents of this type can quote rates with many companies and that is an advantage because they can write policies amongst many companies enabling the ability to shop coverage around. If prices rise, your agent can switch companies and you won’t have to switch agencies.
When comparing rate quotes, it’s recommended you compare quotes from a couple of independent agencies for maximum quote selection. A lot of them also have access to additional companies that you may not be familiar with that may provide cheaper car insurance rates.
Listed below are independent agents in Jacksonville who can help you get price quote information.
- Zellner Insurance Agency
4114 Sunbeam Rd #101 – Jacksonville, FL 32257 – (904) 356-1492 – View Map - Rumlin Insurance Agency
5600 New Kings Rd #4 – Jacksonville, FL 32209 – (904) 770-4456 – View Map - Mizell Insurance Agency
11893 New Kings Rd – Jacksonville, FL 32219 – (904) 764-3336 – View Map
If you feel you receive good responses to any questions you have as well as a affordable price, you may have just found an auto insurance agent that will provide car insurance coverage. But keep in mind it’s your coverage and you can cancel coverage at any time so don’t assume you’re contractually obligated to a specific company for the entire policy term.
Frequent quotes can save
When buying insurance coverage, it’s very important that you do not buy less coverage just to save a little money. There are many occasions where someone dropped liability limits or collision coverage and learned later that the savings was not a smart move. Your strategy should be to purchase a proper amount of coverage at the best cost, but do not skimp to save money.
Insureds leave their current company for any number of reasons including unfair underwriting practices, high rates after DUI convictions, extreme rates for teen drivers or even delays in responding to claim requests. It doesn’t matter what your reason, finding a great new company is easier than you think.
Discount Lexus NX 300h insurance in Jacksonville can be sourced from both online companies as well as from insurance agents, so you should compare both to have the best chance of lowering rates. Some companies may not have rates over the internet and many times these regional carriers work with independent agents.
Steps to buying low-cost Lexus NX 300h insurance in Jacksonville
If you want to save money, the best way to find the cheapest price for Lexus NX 300h insurance is to make a habit of regularly comparing prices from insurers that insure vehicles in Jacksonville.
- Step 1: Take a few minutes and learn about what coverages are included in your policy and the factors you can control to prevent high rates. Many things that cause rate increases like at-fault accidents and a poor credit rating can be amended by making small lifestyle or driving habit changes.
- Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Allstate, while agents who are independent can provide prices from multiple insurance companies.
- Step 3: Compare the new rate quotes to your existing coverage to see if you can save by switching companies. If you find better rates and make a switch, ensure there is no coverage lapse between policies.
A good piece of advice is to try to use identical coverage information on each quote request and and to get quotes from as many companies as you can. This ensures a level playing field and the best price quote selection.
Other articles
- What is Gap Insurance? (Insurance Information Institute)
- Teen Driver Statistics (Insurance Information Institute)
- Understanding Limits and Deductibles (Allstate)
- Safety Features for Your New Car (State Farm)
- Shopping for a Safe Car (Insurance Information Institute)