Are you trying to find more affordable Lexus RX 450h insurance in Jacksonville? Locating the cheapest insurance for a Lexus RX 450h in Florida can turn out to be difficult, but you can learn the following methods to save time. There are more efficient ways to shop for auto insurance so you’re going to learn the best way to price shop coverage on a Lexus and obtain the lowest possible price from both online companies and Jacksonville agents.
Compare Lexus RX 450h insurance rates
Getting low cost auto insurance pricing doesn’t have to be difficult. All that’s required is to invest a few minutes comparing price quotes to find the company with low cost Jacksonville car insurance quotes.
The following companies provide comparison quotes in Florida. If more than one company is shown, we recommend you get prices from several of them to get a more complete price comparison.
Why insurance is not optional
Even though Jacksonville RX 450h insurance rates can get expensive, insuring your vehicle is most likely required but also gives you several important benefits.
- The majority of states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability in order to drive the car. 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 lien on your RX 450h, almost all lenders will stipulate that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank may insure your Lexus for a lot more money and require you to reimburse them for the expensive policy.
- Insurance preserves both your Lexus RX 450h and your assets. It will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are sued as the result of your driving. If damage is caused by hail or an accident, your insurance policy will pay to repair the damage.
The benefits of carrying enough insurance outweigh the cost, particularly when you have a large claim. Today the average American driver is wasting up to $830 a year so you should quote your policy with other companies each time the policy renews to help ensure money is not being wasted.
Coverage information
The data table displayed next showcases detailed analysis of insurance rates for Lexus RX 450h models. Understanding how insurance premiums are formulated is important for making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $284 | $612 | $532 | $32 | $160 | $1,620 | $135 |
| RX 450H Hybrid 4WD 4-Dr | $284 | $612 | $532 | $32 | $160 | $1,620 | $135 |
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price estimates do not factor in zip code location which can increase or decrease premium rates significantly.
Auto insurance rates by gender and age in Jacksonville
The information below visualizes the comparison of Lexus RX 450h yearly insurance costs for male and female drivers. The premiums assume a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, marital status is single, and no policy discounts are applied.
Rate comparison of full coverage and liability-only
The information below shows the comparison of Lexus RX 450h insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The prices are based on no claims or violations, $250 deductibles, drivers are single, and no discounts are factored in.
When to drop comprehensive and collision coverage
There is no definitive rule to delete comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% 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 say your Lexus RX 450h claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after paying the physical damage deductible. If it’s costing in excess of $700 annually for full coverage, then it might be time to buy liability only.
There are some cases where only buying liability is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not remove full coverage.
Discounts mean cheaper rates for Lexus RX 450h insurance in Jacksonville
Auto insurance companies don’t necessarily list every discount available very clearly, so the list below details a few of the more common in addition to some of the lesser obvious credits available to bring down your rates.
- Memberships – Being a member of qualifying employment or professional organizations may earn a discount on your bill.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase some life insurance too.
- Cautious Driver Discounts – Drivers who avoid accidents may save up to 50% more than drivers with accidents.
- Driver Training Discounts – Taking part in a defensive driving class may get you a small discount and easily pay for the cost of the class.
- Accident-Free Discounts – Drivers who don’t have accidents pay much less when compared to drivers who are more careless.
Just know that most of the big mark downs will not be given to the overall cost of the policy. Most only cut the price of certain insurance coverages like comp or med pay. Just because it seems like adding up those discounts means a free policy, you’re out of luck.
The example below illustrates the comparison of Lexus RX 450h insurance prices with and without discounts applied to the policy rates. The rates are based on a female driver, no violations or claims, Florida state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, safe-driver, marriage, and claim-free discounts applied.
Larger car insurance companies and some of the premium reductions they offer include:
- GEICO has savings for multi-vehicle, defensive driver, military active duty, air bags, driver training, and five-year accident-free.
- Auto-Owners Insurance offers discounts for teen driver, group or association, anti-theft, student away at school, mature driver, and multiple vehicles.
- American Family policyholders can earn discounts including good driver, TimeAway discount, mySafetyValet, accident-free, and bundled insurance.
- Esurance includes discounts for good driver, claim free, defensive driver, anti-theft, and homeowner.
- Progressive discounts include homeowner, multi-vehicle, multi-policy, good student, continuous coverage, online quote discount, and online signing.
- State Farm has discounts for driver’s education, good driver, anti-theft, good student, and accident-free.
- AAA may include discounts for good student, pay-in-full, multi-policy, multi-car, AAA membership discount, and education and occupation.
If you need lower rates, check with every insurance company which discounts they offer. All car insurance discounts might not be offered on policies in Jacksonville. For a list of insurance companies who offer online Lexus RX 450h insurance quotes in Florida, click here to view.