How long have you put off shopping around for cheaper Lexus RX 450h insurance in Baltimore? No sane person is fond of buying auto insurance, especially when it costs too dang much.
Unimaginable but true, about 70% of customers have been with the same company for more than four years, and 38% of drivers have never compared rates with other companies. With the average premium in America being $1,847, drivers could save about 46.5% each year by just comparing rate quotes, but they just don’t understand the rate savings if they just switched companies.
There is such a variety of insurers to choose from, and even though it’s nice to have a selection, lots of choices makes it harder to find a good deal for Lexus RX 450h insurance in Baltimore.
Locating the best rates in Baltimore is much easier if you have a good place to start. If you currently have a car insurance policy, you will be able to shop for the lowest rates using the techniques presented in this article. But Maryland drivers should learn the way companies determine prices because it can help you find the best coverage.
To find cheaper rates, there are a couple of ways to compare rate quotes from companies that offer insurance in Maryland. The easiest way to comparison shop is to perform an online rate comparison.
Comparison shopping rate quotes online is easy and it makes it a waste of time to go to insurance agencies in your area. Doing it all online has made agencies unnecessary unless you have a need for the guidance of a local Baltimore agent. You can, however, comparison shop your insurance online and have a local agent actually service the policy. When quoting insurance, remember that comparing all the rates in your area helps improve the odds of finding a lower rate than you’re paying now. Some companies don’t provide rate quotes online, so it’s important to also get prices from the smaller companies as well.
The companies shown below provide comparison quotes in Maryland. If multiple companies are listed, we recommend you visit two to three different companies in order to get a fair rate comparison.
Insurance just makes sense
Despite the potentially high cost of Lexus RX 450h insurance, insurance is mandatory in Maryland but it also protects more than you think.
- Just about all states have compulsory liability insurance requirements which means state laws require specific limits of liability coverage if you don’t want to risk a ticket. 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 you took out a loan on your RX 450h, more than likely the lender will require that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may insure your Lexus at a much higher premium rate and make you pay a much higher amount than you were paying before.
- Insurance protects your vehicle and your assets. It will also provide coverage for medical bills incurred in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you cause an accident and are sued. If damage is caused by hail or an accident, your insurance policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance are without a doubt worth the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver is overpaying more than $700 annually so compare rate quotes every year to help ensure money is not being wasted.
Rates and data analysis
The data table shown below outlines detailed analysis of policy rates for Lexus RX 450h models. Having a better idea how insurance rates are formulated can help customers make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $430 | $984 | $556 | $32 | $166 | $2,168 | $181 |
| RX 450H Hybrid 4WD 4-Dr | $430 | $984 | $556 | $32 | $166 | $2,168 | $181 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in Baltimore location which can affect premiums noticeably.
Comparison of policy deductibles
When shopping for insurance, a common question is how high should the deductibles for physical damage be. The comparisons below help summarize the rate difference of buying low and high policy deductibles. The first rate comparisons uses a $250 deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $394 | $718 | $458 | $28 | $138 | $1,761 | $147 |
| RX 450H Hybrid 4WD 4-Dr | $394 | $718 | $458 | $28 | $138 | $1,761 | $147 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $320 | $578 | $458 | $28 | $138 | $1,522 | $127 |
| RX 450H Hybrid 4WD 4-Dr | $320 | $578 | $458 | $28 | $138 | $1,522 | $127 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Table data does not factor in specific Baltimore garaging location which can modify auto insurance rates noticeably.
Based on the figures above, using a $250 deductible costs about $20 more each month or $240 for a full year averaged for all RX 450h models than requesting the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally go at least 13 months between claim filings, you would most likely save money by selecting a higher deductible.
Lexus RX 450h insurance premiums by gender
The example below illustrates the difference between Lexus RX 450h annual premium costs for male and female drivers. The prices are based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Does it make sense to buy full coverage?
The illustration below shows the difference between Lexus RX 450h car insurance rates with and without full coverage. The premiums are based on no accidents or driving violations, $500 deductibles, drivers are not married, and no discounts are factored in.
Should you pay for full coverage or liability only?
There is no set guideline to delete physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Lexus RX 450h book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after paying the physical damage deductible. If premiums are more than $400 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are some circumstances where only buying liability is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
Get cheaper Lexus RX 450h insurance in Baltimore with discounts
Car insurance is not cheap, but there’s a good chance there are discounts that can drop the cost substantially. Many of these discounts will be applied automatically at quote time, but occasionally some discounts must be inquired about before you will receive the discount. If you do not check that you are getting every discount available, you could be getting lower rates.
- Early Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you may have a lower total premium amount.
- Driver Safety – Successfully completing a course teaching defensive driver skills could cut 5% off your bill and also improve your driving technique.
- Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less than their less cautious counterparts.
- Air Bags and Passive Restraints – Cars that have air bags may earn rate discounts of up to 25% or more.
- Government Employee Discount – Active or former government employment may reduce rates when you quote Baltimore car insurance depending on your company.
- Student Discounts – Getting good grades can earn a discount of 20% or more. This discount can apply until age 25.
- Military Rewards – Being deployed in the military could trigger a small discount.
- Anti-lock Brakes – Cars and trucks that have steering control and anti-lock brakes are much safer to drive and will save you 10% or more on RX 450h insurance in Baltimore.
- Early Signing – Select companies give a discount for switching policies prior to the expiration date on your current RX 450h insurance policy. This discount can save up to 10%.
- Discounts for Multiple Vehicles – Insuring multiple cars or trucks on the same car insurance policy can reduce rates for all insured vehicles.
Discounts reduce rates, but you should keep in mind that some credits don’t apply to the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. Even though it appears you can get free auto insurance, you aren’t that lucky.
The information below visualizes the comparison of Lexus RX 450h insurance costs with and without discounts applied to the policy rates. The premium estimates are based on a female driver, no claims or driving violations, Maryland state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, claim-free, multi-car, marriage, and safe-driver discounts applied.
Auto insurance companies that may offer some of the above discounts may include but are not limited to:
Double check with each insurance company which discounts can lower your rates. Discounts may not apply in your state. If you would like to see a list of providers who offer car insurance discounts in Baltimore, click here.
Special considerations
When selecting coverage, there really isn’t a cookie cutter policy. Your situation is unique.
For example, these questions might point out if your insurance needs could use an agent’s help.
- Do I have coverage if I rent a car in Mexico?
- What is covered by UM/UIM coverage?
- What can I do if my company denied a claim?
- Am I better off with higher deductibles on my Lexus RX 450h?
- What if I don’t agree with a claim settlement offer?
- What is an SR-22 filing?
If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form.