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Lexus RX 300 Insurance Rates

Finding cheaper auto insurance from online rate quotes is easy, plus you will probably save money. The key is to take the time to get rates from all companies so you can get every option.

Consumers who are new to the process of buying insurance may think purchasing low-cost Lexus RX 300 insurance is more work than they want to put in. Finding a lower price on Lexus RX 300 insurance doesn't have to be difficult. You just have to take a little time comparing rates from different insurance companies. It is quite easy and can be accomplished by completing this short form.

Premiums are calculated by these factors

Insurance rates on a Lexus RX 300 can vary widely based upon several criteria. Including but not limited to:

  • Your driving record
  • Credit rating
  • The size of your community
  • The number of annual miles
  • Your gender can raise or lower rates
  • Low deductibles cost more
  • Crash test rating for your RX 300
  • No claims lowers premiums
  • Maintaining coverage lowers rates
  • Home ownership saves money

One last important factor which can affect the rate you pay on your Lexus is the year of manufacture. New vehicles have a higher actual cash value so repair costs are higher which can inflate annual premiums. But newer models may have options including adaptive cruise control, a collision avoidance system, autonomous braking, and an advanced theft deterrent system which can give discounted rates.

To get more specific information about how rates are influenced for your specific model year, select the year of your vehicle from the list below.

Liability insurance

Liability insurance protects you from damage or injury you incur to people or other property that is your fault. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so purchase higher limits if possible.

Collision coverage

This pays for damage to your Lexus resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder. Collision coverage for your Lexus RX 300 can be pricey, so consider dropping it from vehicles that are 8 years or older. It's also possible to choose a higher deductible to save money on collision insurance.

Comprehensive protection

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle's value is low consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the "other guys" do not carry enough liability coverage. Since a lot of drivers have only the minimum liability required by law, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Medical expense coverage

Med pay and PIP coverage provide coverage for immediate expenses for things like EMT expenses, pain medications, and nursing services. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage.

How Much are Lexus RX 300 Insurance Rates?