If your goal is the lowest price, then the best way to get budget Lexus HS 250h insurance is to start doing a yearly price comparison from companies that insure vehicles in Baltimore. You can shop around by following these steps.
- Take a little time to learn about auto insurance and the things you can change to drop your rates. Many rating factors that cause rate increases like multiple speeding tickets and a low credit score can be eliminated by being financially responsible and driving safely.
- Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Allstate, while independent agencies can quote rates for a wide range of insurance providers. View companies
- Compare the new rates to your current policy premium to see if cheaper HS 250h coverage is available in Baltimore. If you find a lower rate, ensure coverage does not lapse between policies.
One important bit of advice is to use the same amount of coverage on every quote and and to compare as many companies as you can. This ensures a level playing field and the best price selection.
Smart shoppers know that insurance companies want to prevent you from shopping around. Consumers who shop around for the cheapest rate are highly likely to switch companies because there is a good probability of finding a lower-priced policy. A recent study showed that people who compared prices regularly saved about $860 a year as compared to drivers who never shopped around for better prices.
If finding low prices for car insurance in Baltimore is your objective, then learning a little about how to shop and compare coverages can save time and money.
Finding and comparing cheaper car insurance policy in Baltimore is not as hard as you think. If you’re already insured or want to find a cheaper company, you can use these tips to save money and still have adequate protection. Vehicle owners only need to know the tricks to compare rates from many different companies online.
The quickest method we recommend to compare insurance rates in your area is to understand all the major auto insurance companies provide online access to give free rates quotes. The only thing you need to do is spend a couple of minutes providing details including if it has an anti-theft system, how old drivers are, what your job is, and your general credit rating. That information is instantly submitted to multiple companies and you will receive price estimates immediately.
If you wish to get multiple quotes for your Lexus HS 250h now, click here and enter your coverage details.
The companies shown below provide comparison quotes in Baltimore, MD. To buy the best cheap auto insurance in Baltimore, MD, it’s highly recommended you visit as many as you can in order to find the most affordable rates.
Facts and figures for Lexus HS 250h insurance
The coverage table shown below highlights different coverage prices for Lexus HS 250h models. Understanding more about how auto insurance prices are calculated can be useful when making smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| HS 250H 4-Dr Sedan | $188 | $374 | $324 | $20 | $98 | $1,004 | $84 |
| HS 250H Premium 4-Dr Sedan | $188 | $374 | $324 | $20 | $98 | $1,004 | $84 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Estimates do not factor in your specific Baltimore location which can raise or lower premium rates significantly.
Comparison of policy deductibles
When comparing insurance rates, the most common question is which comprehensive and collision deductibles to buy. The following insurance rates may help you to understand the differences in price of buying low and high coverage deductibles. The first table uses a $250 deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| HS 250H 4-Dr Sedan | $394 | $718 | $346 | $20 | $104 | $1,607 | $134 |
| HS 250H Premium 4-Dr Sedan | $394 | $718 | $346 | $20 | $104 | $1,607 | $134 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| HS 250H 4-Dr Sedan | $244 | $452 | $346 | $20 | $104 | $1,166 | $97 |
| HS 250H Premium 4-Dr Sedan | $244 | $452 | $346 | $20 | $104 | $1,166 | $97 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rates do not factor in your specific Baltimore location which can affect coverage prices significantly.
Based on the above data, using a $250 deductible could cost the average driver approximately $37 more each month or $444 each year averaged for all HS 250h models than opting for the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 20 months between claims, you would save money if you elect the higher deductible.
The illustration below demonstrates how deductibles and can raise or lower Lexus HS 250h annual premium costs for each different age category. The prices are based on a married male driver, comp and collision included, and no other discounts are factored in.
Gender-based insurance rates by age in Baltimore
The example below compares Lexus HS 250h car insurance costs for male and female drivers. The prices are based on no claims, a clean driving record, full physical damage coverage, $500 deductibles, marital status is single, and no discounts are factored in.
Should you buy full coverage?
The illustration below compares Lexus HS 250h insurance costs with full physical damage coverage and with liability coverage only. The rate quotes are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no other discounts are factored in.
When to drop comprehensive and collision coverage
There is no definitive rule for excluding full coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let’s assume your Lexus HS 250h claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after paying your policy deductible. If premium cost is more than $500 a year for full coverage, then you may want to consider only buying liability coverage.
There are a few situations where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.
Car insurance is an important decision
Even though it’s not necessarily cheap to insure a Lexus in Baltimore, car insurance serves several important purposes.
- The majority of states have mandatory liability insurance requirements which means the state requires a specific level of liability coverage in order to be legal. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your Lexus has a lienholder, almost every bank will require that you have insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Lexus at a much higher rate and require you to pay much more than you were paying before.
- Car insurance protects your car and your assets. Insurance will pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay to defend you if someone files suit against you as the result of an accident. If you have damage to your Lexus as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of carrying enough insurance outweigh the cost, especially for larger claims. An average driver in America overpays more than $825 a year so compare rates once a year at a minimum to ensure rates are competitive.
Why Your Insurance Costs might be higher
Many factors are considered when you get your auto insurance bill. Some are pretty understandable like an MVR report, but other factors are not as apparent such as whether you are married or how financially stable you are.
The list below includes a few of the things companies use to determine your rates.
Good credit scores equal low rates – An insured’s credit history can be an important factor in determining premium rates. Insureds with excellent credit scores tend to be more responsible than those with bad credit. If your credit rating is not that good, you may save money insuring your Lexus HS 250h by improving your credit score.
Lower rates with GPS tracking and theft deterrents – Choosing a vehicle with advanced anti-theft systems can help lower your premiums. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent vehicle theft.
Insurance rates are higher for high performance vehicles – The performance of the car, truck or SUV you need to insure makes a huge difference in the rate you pay. The cheapest insurance rates are generally reserved for economy passenger models, but that’s not the only thing that factors into the final price.
The following data is based on a married female driver age 40, full coverage with $100 deductibles, and no discounts or violations. It illustrates Lexus HS 250h insurance rates compared to other makes and models that have a range of performance rating factors.
Pay more if you have a long commute – Living in small towns and rural areas has it’s advantages when trying to find low car insurance rates. Less people living in that area means a lower chance of having an accident. Residents of big cities have to deal with more traffic problems and longer commutes to work. More time behind the wheel means more chance of being in an accident.
Bad drivers pay high rates – Attentive drivers tend to pay less for car insurance as compared to those with violations. Even a single driving citation can increase rates forty percent or more. Drivers unfortunate enough to have dangerous tickets like hit and run, DWI or reckless driving convictions may find that they have to to prove financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
The illustration below illustrates how traffic citations and at-fault accidents increase Lexus HS 250h car insurance costs for each different age group. The information is based on a married male driver, full coverage, $500 deductibles, and no discounts are applied.
How much auto insurance do I need?
When it comes to buying a policy, there is no “perfect” insurance plan. You are unique.
Here are some questions about coverages that can help discover if your insurance needs could use an agent’s help.
- Where can I find DUI or SR-22 insurance?
- Can I get a multi-policy discount?
- What companies insure drivers after a DUI or DWI?
- Is my state a no-fault state?
- Are my friends covered when driving my Lexus HS 250h?
- If my car is totaled with they pay enough to replace it?
- Is upholstery damage covered by car insurance?
If you’re not sure about those questions but a few of them apply, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form. It is quick, free and you can get the answers you need.
Quote more to save more
People who switch companies do it for a variety of reasons including not issuing a premium refund, high rates after DUI convictions, lack of trust in their agent and policy cancellation. Whatever your reason, finding the right auto insurance provider can be easy and end up saving you some money.
As you go through the steps to switch your coverage, you should never sacrifice coverage to reduce premiums. Too many times, an insured dropped liability limits or collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at the lowest possible cost, not the least amount of coverage.
We just presented some good ideas how you can get a better price on Lexus HS 250h insurance in Baltimore. The most important thing to understand is the more quotes you get, the higher your chance of finding inexpensive Baltimore auto insurance quotes. You may even discover the lowest rates come from a lesser-known regional company.
Additional auto insurance information is available below:
- Top Signs Your Brakes are Giving Out (State Farm)
- What Car Insurance is Cheapest for Seniors in Baltimore? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Active Military in Baltimore? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Bodily Injury Coverage (Liberty Mutual)
- What if I Can’t Find Coverage? (Insurance Information Institute)