How to Save on Lubbock Lexus RX 450h Insurance

Did you fall for a flashy sales pitch and buy high-priced Lexus RX 450h insurance in Lubbock? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.

It’s hard to believe, but a large majority of drivers kept their coverage with the same auto insurance company for at least the last four years, and almost half have never compared rates with other companies. Lubbock insurance shoppers could save an average of almost $1,766 each year by just shopping around, but they don’t know how much savings they would realize if they switched to a more affordable policy.

How to find low-cost rates for Lexus RX 450h insurance in Lubbock

Truthfully, the best way to save money on auto insurance rates is to start comparing prices regularly from providers who sell auto insurance in Lubbock. You can shop around by following these steps.

1. Gain an understanding of coverages and the changes you can make to prevent expensive coverage. Many risk factors that increase rates such as speeding tickets, careless driving and poor credit can be rectified by making small lifestyle or driving habit changes.
2. Compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like GEICO or State Farm, while independent agencies can provide rate quotes from multiple companies. Begin your rate comparison
3. Compare the new rate quotes to the price on your current policy to see if you can save by switching companies. If you find a better price and buy the policy, make sure there is no coverage gap between policies.
4. Give notification to your agent or company of your decision to cancel your current coverage. Submit any necessary down payment along with the completed application for your new policy. Don’t forget to keep the new certificate verifying coverage with your registration paperwork.

A key point to remember is to make sure you enter identical deductibles and limits on each quote and and to get rates from as many carriers as you can. This helps ensure a level playing field and plenty of rates choose from.

Having so many insurance providers from which to choose, it can be impossible to pick the most affordable company.

Cheapest Lexus insurance rate quotes in Lubbock

The companies in the list below have been selected to offer comparison quotes in Texas. To locate cheap auto insurance in Lubbock, we recommend you compare several of them to get the cheapest price.

Rates and statistics

The premium table below covers detailed analysis of insurance rates for Lexus RX 450h models. Learning a little about how insurance rates are established can benefit drivers when making smart choices when selecting a coverage provider.

Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in Lubbock location which can raise or lower premium rates greatly.

Can higher deductibles save money?

One of the most common auto insurance questions is which deductible level should you buy. The rates shown below may aid in understanding the difference in cost when you select higher and lower deductibles. The first rate table uses a $100 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in vehicle location which can impact auto insurance rates considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible could cost the average driver approximately $49 more each month or $588 each year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 18 months between claim filings, you would come out ahead if you opt for a higher deductible.

Annual premiums comparing men and women

The example below visualizes the comparison of Lexus RX 450h premium costs for male and female drivers. The prices are based on no claims or driving violations, comp and collision included, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

Get discounts to get affordable Lubbock car insurance quotes

Companies offering auto insurance don’t list all discounts very clearly, so the list below details a few of the more common as well as the least known discounts that you may qualify for.

• Anti-lock Brakes – Cars and trucks with ABS and/or traction control are safer to drive so companies give up to a 10% discount.
• Theft Prevention Discount – Cars with anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
• Discount for Swiching Early – A few companies allow discounts for signing up early. It could save around 10% when you buy Lubbock auto insurance online.
• Multi-Vehicle Discounts – Buying insurance for more than one vehicle with the same company can get a discount on all vehicles.
• Membership in Organizations – Being a member of a civic or occupational organization in Lubbock can get you a small discount on your next car insurance statement.
• Discount for Life Insurance – Not all car insurance companies offer life insurance, but some may give you better prices if you take out auto and life insurance together.
• E-sign Discounts – Many car insurance companies give back up to $50 simply for signing on the internet.
• New Vehicle Savings – Putting car insurance coverage on a new RX 450h can be considerably cheaper since newer models are generally safer.

As a disclaimer on discounts, some credits don’t apply to the entire cost. Most only apply to individual premiums such as medical payments or collision. Even though it may seem like you could get a free car insurance policy, it just doesn’t work that way.

The chart below shows the difference between Lexus RX 450h auto insurance rates with and without discounts. The rate quotes are based on a male driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, safe-driver, multi-policy, and multi-car discounts applied.

A few of the larger companies and some of the discounts can be found below.

• GEICO has savings for military active duty, multi-policy, emergency military deployment, seat belt use, good student, and federal employee.
• SAFECO offers discounts including bundle discounts, accident prevention training, multi-car, anti-lock brakes, safe driver, anti-theft, and drive less.
• State Farm may offer discounts for good driver, multiple policy, defensive driving training, passive restraint, driver’s education, Steer Clear safe driver discount, and Drive Safe & Save.
• MetLife discounts include accident-free, good student, claim-free, good driver, multi-policy, and defensive driver.
• 21st Century policyholders can earn discounts including homeowners, early bird, student driver, anti-lock brakes, and good student.
• Progressive may have discounts that include online quote discount, multi-vehicle, continuous coverage, good student, online signing, and multi-policy.

Before you buy a policy, ask each company or agent which discounts they offer. A few discounts might not be offered on policies in Lubbock. For a list of companies who offer discounts in Texas, follow this link.

Six factors that affect insurance costs

Consumers need to have an understanding of some of the elements that play a part in calculating car insurance rates. If you have some idea of what impacts premium levels, this helps enable you to make changes that could result in lower rates.

• Additional coverages that may be costing you – Policies have extra bells and whistles that can add up if you aren’t careful. Insurance for rental car reimbursement, towing, and motor club memberships may be wasting your money. You may think they are a good idea initially, but if you don’t need them eliminate the coverages to reduce your premium.
• Raising physical damage deductibles saves money – Deductibles for physical damage are the amount of money you are willing to pay in the event of a claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of covered claims are collision with another vehicle, damage from fire, and damage from wind. The higher the amount the insured has to pay upfront, the less your company will charge you for insurance.

• Insurance is expensive for teenage drivers – Beginning drivers in Texas have a tendency to be inattentive and easily distracted when behind the wheel and because of this, their car insurance rates are much higher. Adding a first-time driver onto your car insurance can increase premiums substantially. More mature drivers tend to be more responsible, tend to cause fewer accidents, and get fewer tickets.

  The following data assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

• Advanced theft deterrents – Choosing to buy a car with an alarm system can save you some money. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms all help prevent your car from being stolen.
• Cheaper rates after marriage – Having a significant other helps lower the price on car insurance. Marriage demonstrates that you tend to be more stable financially and it’s proven that married drivers get in fewer accidents.
• A coverage lapse can increase premiums – Allowing your coverage to lapse will be a quick way to increase your renewal premiums. Not only will you pay more, the inability to provide proof of insurance could earn you a steep fine or even jail time.

• Claims statistics for a Lexus RX 450h – Car insurance companies take into consideration insurance loss statistics for every vehicle to calculate a price that will offset any claims. Vehicles that are shown to have higher claim amounts or frequency will have a higher cost to insure.

  The table below outlines the historical loss data for Lexus RX 450h vehicles. For each policy coverage, the claim amount for all vehicles, regardless of make, model or trim level, is a value of 100. Values that are under 100 indicate a favorable loss history, while values over 100 indicate more frequent claims or statistically larger claims.

  
  

  Car Insurance Loss Data for Lexus RX 450h Models

  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
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

When in doubt talk to an agent

When selecting insurance from an agent or online, there really is no one size fits all plan. Your financial needs are unique.

These are some specific questions can aid in determining whether your personal situation would benefit from an agent’s advice.

• Does insurance cover damages from a DUI accident?
• Does car insurance cover theft of personal property?
• When should I not buy collision coverage?
• What can I do if my company won’t pay a claim?
• Is business property covered if stolen from my car?
• Are my tools covered if they get stolen from my vehicle?
• What are the liability requirements in my state?
• When should I not file a claim?
• Should I drop comprehensive coverage on older vehicles?
• Who does medical payments coverage extend to?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, free and can help protect your family.

Local Lubbock insurance agents

A small number of people just want to go talk to an agent and that can be a smart move Good insurance agents can help determine the best coverages and give you someone to call. One of the great benefits of getting free rate quotes online is you may find the best rates and still buy from a local agent. Buying from and supporting neighborhood agents is important especially in Lubbock.

By using this form (opens in new window), your insurance data is emailed to insurance agents in Lubbock that give free quotes for your car insurance coverage. There is no reason to contact any agents due to the fact that quote results will go immediately to you. In the event you want to get a rate quote from a specific insurance company, don’t hesitate to go to their quote page and give them your coverage information.

Types of auto insurance agents

If you would like to find a reliable insurance agency, it’s helpful to know the different types of agents and how they can write your policy. Agencies in Lubbock can be described as either independent agents or exclusive agents depending on their employer. Either one can sell and service car insurance coverage, but it’s good to learn how they are different since it can affect which agent you choose.

Independent Car Insurance Agents (or Brokers)

Independent agents are appointed with more than one company and that gives them the ability to insure with lots of companies and find the cheapest car insurance rates. If premiums increase, your agent can switch companies which makes it simple for you.

When comparison shopping, you will want to get quotes from several independent insurance agents for maximum quote selection.

The following are independent agencies in Lubbock that may be able to give free rate quotes.

More Lubbock agents

Exclusive Agents

Agents of this type can usually just insure with one company like Farmers Insurance, State Farm, or Allstate. They are unable to place coverage with different providers so you might not find the best rates. These agents are well trained on the products they sell which helps them compete with independent agents.

The following are exclusive agents in Lubbock willing to provide price quote information.

More Lubbock agents

Finding the right insurance agent should depend on more than just the bottom line cost. Any agent in Lubbock should be forthright in answering these questions:

• Are there any hidden costs in their price quote and does it include driving and credit history?
• Do the companies they represent have a solid financial rating?
• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Does the company have a local claim office in Lubbock?
• How much can you save by raising your physical damage deductibles?
• Where would your vehicle be repaired?
• Will high miles depreciate repair valuations?

Upon getting satisfactory answers to any questions you have and an affordable coverage quote, most likely you have located a car insurance agent that can be relied on to provide car insurance coverage.

Texas car insurance companies

Picking a high-quality insurer is difficult considering how many choices you have in Lubbock. The information in the lists below can help you decide which car insurance providers to look at to insure your vehicles.

Top 10 Lubbock Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. The Hartford – A+
9. Allstate – A+
10. Nationwide – A+

Top 10 Lubbock Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Cheaper insurance is a realistic goal

As you restructure your insurance plan, it’s a bad idea to buy less coverage just to save a little money. In too many instances, someone dropped collision coverage and learned later that the savings was not a smart move. Your goal should be to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.

More affordable insurance in Lubbock is available on the web and with local Lubbock insurance agents, so get free Lubbock auto insurance quotes from both of them to have the best rate selection. Some insurance providers do not provide rate quotes online and these regional carriers sell through independent insurance agents.

Consumers leave their current company for many reasons like delays in paying claims, unfair underwriting practices, lack of trust in their agent or even being labeled a high risk driver. Regardless of your reason, choosing a new insurance company can be easy and end up saving you some money.

Steps to finding better rates for Lexus RX 450h insurance in Lubbock

To save the most money, the best way to find cheaper prices for Lexus RX 450h insurance is to begin comparing prices regularly from companies in Lubbock. Drivers can shop around by completing these steps.

• Step 1: Try to learn about what is in your policy and the changes you can make to lower rates. Many risk factors that result in higher prices such as at-fault accidents, careless driving, and poor credit history can be remedied by making lifestyle changes or driving safer.
• Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agents can give you price quotes from multiple companies. Find a Lubbock insurance agent
• Step 3: Compare the quotes to your existing rates to see if a cheaper price is available. If you find a lower rate quote, make sure coverage does not lapse between policies.
• Step 4: Provide proper notification to your current company to cancel your current coverage. Submit a down payment along with a completed application for your new policy. As soon as you have the new policy, safely store the proof of insurance certificate along with your vehicle registration.

One bit of advice is to try to use similar limits and deductibles on each quote and and to get prices from as many carriers as you can. Doing this helps ensure an accurate price comparison and plenty of rates choose from.

Additional articles

• Auto Insurance Facts and Statistics (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance for Uninsured Drivers in Lubbock? (FAQ)
• Who Has the Cheapest Lubbock Car Insurance Quotes for Drivers with Good Credit? (FAQ)
• What Auto Insurance is Cheapest for Drivers with Bad Credit in Lubbock? (FAQ)
• Insurance Losses by Make and Model (iihs.org)
• Car Insurance FAQ (Trusted Choice)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)