How to Find the Right Amount of Lexus RX Insurance

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Things to Remember...
  • If you are going to buy an expensive luxury car such as the Lexus SUV, take some time to do your insurance market research before making your final decision
  • Launched in 1998, the Lexus RX is the only crossover SUV sold by the luxury division of Toyota
  • Your insurance policy can be tailored to cover you, your passengers, other drivers and their passengers, pedestrians, and public as well as personal property
  • As you scour the depths of the Internet to get the best possible insurance for your Lexus RX, make sure you are wary of fraudulent or inflated offers

There are multiple ways to get auto insurance for a Lexus RX SUV. You can find the right quote on insurance consolidator websites, insurance company websites, or talk to independent insurance agents.

No matter the method, please make sure that you understand all the terms and conditions of your insurance policy before you sign on the dotted line.

If you are confused by the multiple insurance quotes that pop up for your Lexus RX model, type in your ZIP code into our FREE search box now!

According to an article from CBS News, expensive cars can be three times more costly to insure.

So if you are going to buy an expensive luxury car such as the Lexus SUV, take some time to do your insurance market research before making your final decision. It could save you a lot of money!

About Lexus

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Lexus is a luxury brand from the Toyota Motor Corporation. Headquartered in Nagoya, Japan, it is Japan’s largest selling premium car. Lexus was launched in the United States in 1989.

The luxury car company sells its cars throughout 70 countries with operations headquartered in Brussels, Belgium and Torrance, California.

According to Lexus, the Lexus marquee has a range of vehicles including sedans like the Lexus IS, the Lexus ES, and the Lexus LS; SUVs like the Lexus RX and the Lexus GX; convertibles like the Lexus IS C; hybrids such as the Hybrid RX and the Hybrid LS; and performance cars such as the LFA.

Starting at $29,100 for its CT Hybrid, the prices go up to $375,000 for its performance model. For these prices, Lexus offers top-of-the-line luxury interiors, a smooth ride, and high performance.

About the Lexus RX SUV

Launched in 1998, the Lexus RX is the only crossover SUV sold by the luxury division of Toyota. The RX series is offered with V6 engines as well as a hybrid version.The Lexus RX is the best-selling luxury SUV in the U.S.

Starting at approximately $40,000 for its front wheel drive model, the Lexus RX has a 0-60 mph acceleration of 7.7 seconds. It is also sold as an all-wheel drive, which is a little more expensive.

 The highly functional and luxurious Lexus interiors include options such as voice recognition technology, voice activated navigation and a Homelink remote control that allows you to open garage doors.

Lexus Enform with Safety Connect that allows access to a live agent who can help with navigation and emergency situations, among others.

Given the luxurious appointments and high-geared performance, it is important to get the best possible insurance for your Lexus RX model.

So fire up your computer and educate yourself about the insurance industry. This could help you get the best possible insurance coverage.

Understanding the Basics of Auto Insurance

Auto insurance is a necessary expense. According to the Insurance Institute for Highway Safety, auto insurance is meant to cover all and any damages caused to vehicles and property in crashes plus injuries to the people involved, depending on the terms of your insurance policy.

Since car crashes also raise the scepter of lawsuits, it makes financial sense to get the best possible insurance for your cars.

Auto insurance is your safety net, which is meant to protect you from financial disaster in case you are the cause of a catastrophic accident. An auto insurance policy is a legal agreement between you and your insurance company.

For a set amount paid by you, the insurance company assumes all responsibility of any accident, based on the limits set in your policy.

Your insurance policy can be tailored to cover you, your passengers, other drivers and their passengers, pedestrians, and public as well as personal property.

Most states have some basic insurance requirements from their drivers.

For example, the California Department of Motor Vehicles lists the following minimums for CA drivers: $15,000 per individual injury/death for each incident, $30,000 per injury/death of more than one individual per accident and $5,000 to pay for property damage per incident.

Even though car insurance prices have gone up, financial experts strongly recommend getting the maximum insurance possible.

After all, once the limits of your insurance policy are exceeded, the at-fault driver is required to pay the excess amount. So most experts agree you should get $100,000 for bodily injury protection per person and $300,000 per accident, if you can afford it.

So when you decide to get insurance for your Lexus SUV, make sure you understand what you are signing up for. It is much better to know the details before the accident, rather than in the stressful time after.

Different Forms of Auto Insurance

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Besides the mandatory forms of coverage, you can choose from a wide array of car insurance products to protect yourself and your family from financial problems in the aftermath of an auto accident.

In your search for auto insurance, you are likely to find a range of coverage, various types of applicable discounts and varying rates. So choose your insurance policy and insurance company with care.

Some of the well-known forms of coverage are:

– Bodily Injury Liability(BIL)

This covers medical and funeral costs that arise because of an accident that you caused. The coverage is meant to pay for physical damages to the other driver, or any passengers or pedestrians.

This form of liability cover also pays for loss of income, expenses for help around the house during recovery, and at-home nursing and assistance.

BIL is very important since it pays all legal fees in case of an impending lawsuit.

– Property Damage Liability

This form of liability coverage is meant to pay for the repair or replacement of all damaged or totaled properties.

Property is defined as other cars, buildings such as homes, offices or shops, sidewalks, traffic lights and signs, electric poles, and fences, among others.

Personal Injury Protection

Required in many states, personal injury protection covers all medical and death-related costs of the driver and his or her passengers.

– Collision Coverage

This is an expensive form of insurance that is highly recommended if your car is financed and has a large part of the loan left, is expensive or new.

So in the case of your expensive Lexus RX, this might be a good form of insurance to consider.

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– Comprehensive Coverage

As suggested by the name alone, this is umbrella coverage for all forms of damage except those caused by a collision.

Such damages include Acts of God including, but not limited to tornadoes, tsunamis and flooding; human mistakes such as poorly targeted balls; or theft and vandalism.

This form of coverage is highly recommended if you have a financed car, an expensive or new car, or have a true vintage automobile.

– Uninsured/Underinsured Motorist Coverage

MSNBC reports that nearly one-sixth of the drivers on the road today are uninsured. As the economy moves slowly, increasing numbers of people are cutting their insurance coverage to the bone.

This has led to U/UI coverage that protects you from financial pressures in case you collide with a driver carrying no or little insurance as well as in cases of unfortunate hit and run accidents.

Other insurance includes pay-as-you-go insurance that is calculated on the basis of miles driven and driving record, replacement parts coverage, GAP insurance or extended warranty coverage.

Lowering Your Auto Insurance Rates

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Having bought a new Lexus RX for at least $40,000, most drivers look for bargains in auto insurance. This is hardly surprising! But to get the full advantage of bargain hunting, it is essential for your search to be educated.

So take the time, if you can, to read through different resources. You will be surprised by the range of tips and tricks available online.

But do remember the cliché that if something is too good to be true, it probably isn’t! So be vigilant as you look for the best deal for your Lexus RX.

Some of the easiest steps for lowering your auto insurance are as follows:

  • Raise your insurance deductible – If you raise the deductible in your insurance policy, you are likely to save a bundle. According to an article on MSNBC, raising your insurance to $1,000 could save you as much as 40 percent on your insurance bill. However, having raised your deductible, make sure you drive carefully and have an emergency fund ready.
  • Comparison-shopping – Make sure you compare your insurance options and insurance companies that offer you affordable quotes.
  • Renewing your insurance policy – Don’t automatically renew your policy. Ask your insurance company for better rates. If you have been a good customer with a low claims record and timely payment history, you are likely to get a good deal.
  • Seek discounts – You are likely to find a range of discounts such as good driver, low mileage, and good student that can take a bite out of your insurance costs. Additionally, many insurance companies have signature discounts. For instance, if you are driving a hybrid Lexus RX, you might be eligible for discounts put towards environmentally friendly cars.
  • Avoid duplication – If you already have adequate life and health insurance, get the lowest amount of PIP. This could save you a substantial amount of money.

Buying Automobile Insurance for your Lexus RX

In today’s tech savvy world, we are a few keywords away from millions of websites full of information.

However, not all information is valid or true. So as you scour the depths of the Internet to get the best possible insurance for your Lexus RX, make sure you are wary of fraudulent or inflated offers.

Enter your ZIP code into our FREE quote tool below and we will send you a list of quotes as lengthy as the list of your Lexus RX options!

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