Everyone knows that car insurance companies don’t want their policyholders to compare prices. Drivers who shop around once a year will presumably switch companies because there is a great chance of finding lower rate quotes. A survey found that consumers who did price comparisons regularly saved an average of $70 a month compared to people who never shopped around for better prices.
If finding the most affordable Lexus RX 450h insurance is your intention, then knowing how to get free comparison quotes and analyze cheaper coverage can make the process more efficient.
Really, the only way to get affordable Lexus RX 450h insurance in Boston is to start doing an annual price comparison from different companies that sell auto insurance in Massachusetts. Prices can be compared by following these guidelines.
Step 1: Take a little time to learn about policy coverages and the modifications you can make to lower rates. Many things that increase rates like speeding tickets, accidents and a bad credit score can be improved by making minor changes in your lifestyle.
Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from one company like GEICO and State Farm, while agents who are independent can quote rates from multiple sources.
Step 3: Compare the new quotes to your existing policy to see if switching to a new carrier will save money. If you find a lower rate quote and decide to switch, ensure there is no coverage lapse between policies.
One key aspect when comparing rates is to use the same liability limits and deductibles on every quote request and to quote with as many companies as possible. This provides a fair price comparison and the best price selection.
Best companies for Lexus RX 450h insurance
The companies in the list below offer quotes in Massachusetts. To locate the best auto insurance in Boston, we recommend you click on several of them to get the cheapest price.
Detailed insurance information
The data table below outlines different insurance policy prices for Lexus RX 450h models. Learning a little about how insurance quotes are determined can help guide drivers when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $360 | $726 | $510 | $30 | $152 | $1,778 | $148 |
| RX 450H Hybrid 4WD 4-Dr | $360 | $726 | $510 | $30 | $152 | $1,778 | $148 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in specific zip code location which can raise or lower prices greatly.
The illustration below highlights how deductible selection and can influence Lexus RX 450h insurance costs for different age groups. The premiums assume a married male driver, full physical damage coverage, and no discounts are factored in.
Driving violations and accidents
The chart below shows how violations and fender-benders raise Lexus RX 450h insurance premiums for each different age category. The data assumes a single female driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
Rate difference between full and liability-only coverage
The illustration below shows the difference between Lexus RX 450h insurance rates with full physical damage coverage and with liability coverage only. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no policy discounts are applied.
When to stop buying physical damage coverage
There is no clear-cut rule of when to phase out full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Lexus RX 450h settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying your deductible. If it’s costing in excess of $800 a year for your policy with full coverage, then you might want to think about dropping full coverage.
There are some cases where removing full coverage is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
Companies offer lots of discounts on Lexus RX 450h insurance in Boston
Buying auto insurance is not cheap, but there are discounts available that many consumers don’t even know exist. Some discounts apply automatically at quote time, but occasionally some discounts must be asked for before they will apply.
- Distant Student – College-age children who are enrolled in a college that is more than 100 miles from Boston and won’t have access to an insured vehicle can receive lower rates.
- Clubs and Organizations – Being a member of qualifying clubs or civic groups may earn a discount when shopping for auto insurance.
- Seat Belts Save more than Lives – Drivers who require all occupants to fasten their seat belts could save 15% off PIP or medical payments premium.
- No Claims – Boston drivers who stay claim-free pay less in comparison with insureds who have frequent claims or accidents.
- Senior Citizen Rates – Drivers over the age of 55 may qualify for a small decrease in premiums.
- Bundled Policy Discount – If you have multiple policies with the same insurance company you could get a discount of at least 10 to 15 percent or more.
- Lower Rates for Military – Being on active deployment in the military could trigger a small discount.
- E-sign – Some of the larger companies give back up to $50 for buying your policy digitally online.
- Pay Early and Save – If you pay your bill all at once instead of making monthly payments you could save up to 5%.
You should keep in mind that most of the big mark downs will not be given to the entire cost. Most only reduce specific coverage prices like collision or personal injury protection. Despite the fact that it seems like having all the discounts means you get insurance for free, it just doesn’t work that way. But all discounts should help lower your policy cost.
The information below shows the comparison of Lexus RX 450h auto insurance rates with and without discounts applied to the premium. The prices are based on a female driver, no claims, a clean driving record, Massachusetts state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, safe-driver, claim-free, and multi-policy discounts applied.
Some of the insurance companies that have these discounts include:
If you need lower rates, check with every company the best way to save money. Some of the discounts discussed earlier may not apply in your area. To locate companies who offer auto insurance discounts in Massachusetts, follow this link.
When in doubt talk to an agent
When it comes to choosing proper insurance coverage, there isn’t really a perfect coverage plan. Everyone’s needs are different and your policy should reflect that.
Here are some questions about coverages that might help in determining if your insurance needs might need professional guidance.
- Do I pay less if my vehicle is kept in my garage?
- Does coverage follow the driver or the vehicle?
- Why am I required to get a high-risk car insurance policy?
- Is motorclub coverage worth it?
- Do I have coverage for damage caused while driving under the influence?
- What states are considered no-fault?
- Am I covered if my car is in a flood?
- Am I covered when using my vehicle for business?
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.
Local Boston insurance agents
Many drivers would rather get advice from a local agent. One of the great benefits of comparing insurance online is that drivers can save money and get better rates and still have a local agent. And buying from local agents is especially important in Boston.
By using this short form, the coverage information is sent to local insurance agents who will give you bids to get your business. It’s much easier because you don’t need to contact any insurance agencies due to the fact that quote results will go directly to your email. Get lower rates AND a local agent. If you want to compare rates from a specific insurance company, don’t hesitate to visit that company’s website to submit a rate quote request.
If you’re trying to find a local insurance agency, it’s important to understand the types of insurance agents and how they function. Boston agents can be categorized as either independent or exclusive depending on the company they work for.
Independent Insurance Agencies
Agents that choose to be independent are not required to write business for one company and that is an advantage because they can write policies with an assortment of companies and get you the best rates possible. If prices rise, an independent agent can move your coverage and you won’t have to switch agencies.
If you need cheaper insurance rates, we highly recommend that you get some free quotes from a few independent agents to get the best comparison.
Featured below is a list of independent agencies in Boston that may be able to give free insurance quotes.
Vargas and Vargas Insurance
1133 Washington St – Dorchester Center, MA 02124 – (617) 298-0655 – View Map
Chan Insurance Agency, Inc.
220 Harrison Ave – Boston, MA 02111 – (617) 451-6733 – View Map
Goji Insurance
31 St James Ave – Boston, MA 02116 – (888) 991-1091 – View Map
Exclusive Insurance Agents
Exclusive agents have only one company to place business with such as Allstate, AAA, Farmers Insurance, and State Farm. They usually cannot provide other company’s prices so they have no alternatives for high prices. They are highly trained on what they offer which helps overcome the inability to quote other rates.
Below are exclusive insurance agents in Boston willing to provide price quote information.
Allstate Insurance: Abner Joseph
571 Dudley St Ste A – Boston, MA 02125 – (617) 442-9490 – View Map
AAA Boston
125 High St – Boston, MA 02110 – (617) 443-9300 – View Map
Finding the right insurance agent requires you to look at more than just the quoted price. These are some questions you should get answers to.
- How many years have they been established?
- Do you qualify for any additional discounts?
- Can they give you a list of client referrals?
- How is replacement cost determined on your vehicle?
- Which company do they place the most coverage with?
Upon receiving good answers to these questions as well as a price you’re happy with, it’s possible that you found an insurance agent that is professional and can provide insurance coverage. Just remember you can always cancel a policy any time you want so don’t think that you’re stuck with your new company for the full policy term.
Insurance policy coverages for a Lexus RX 450h
Understanding the coverages of your insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Insurance terms can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types found on most insurance policies.
Collision protection
This coverage will pay to fix damage to your RX 450h caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as colliding with another moving vehicle, rolling your car, hitting a parking meter, damaging your car on a curb and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible on your RX 450h to bring the cost down.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like a tree branch falling on your vehicle, vandalism, damage from a tornado or hurricane, fire damage and damage from flooding. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance reimburse you for bills such as X-ray expenses, nursing services and funeral costs. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits (20/40/5 in Massachusetts), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are identical to your policy’s liability coverage.
Coverage for liability
Liability coverage can cover damage that occurs to people or other property. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 20/40/5 which stand for a $20,000 limit per person for injuries, a total of $40,000 of bodily injury coverage per accident, and property damage coverage for $5,000. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.
Liability can pay for claims like pain and suffering, medical expenses, medical services, structural damage and court costs. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible. Massachusetts state law requires minimum liability limits of 20/40/5 but drivers should carry better liability coverage.
The illustration below demonstrates why buying the state minimum limits may not be adequate.
The best insurance company isn’t always the cheapest
When you buy Boston car insurance online, do not skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped uninsured motorist or liability limits only to discover later that the few dollars in savings costed them thousands. The goal is to find the BEST coverage for the lowest price, not the least amount of coverage.
In this article, we covered many tips how you can compare Lexus RX 450h insurance prices in Boston. The key thing to remember is the more you quote Boston car insurance, the more likely it is that you will get a better rate. Consumers could even find that the lowest prices are with a company that doesn’t do a lot of advertising. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive and GEICO.
More detailed auto insurance information is available at these sites:
- Speed and Speed Limit FAQ (iihs.org)
- Who Has the Cheapest Car Insurance for a Chevrolet Equinox in Boston? (FAQ)
- How Much are Auto Insurance Quotes for Homeowners in Boston? (FAQ)
- Who Has Cheap Car Insurance Rates After a Speeding Ticket in Boston? (FAQ)
- Who Has the Cheapest Boston Auto Insurance Rates for Drivers Requiring a SR22? (FAQ)
- Who Has the Cheapest Auto Insurance for a Ford Explorer in Boston? (FAQ)
- Older Drivers FAQ (iihs.org)
- Teen Driver Licensing Information (iihs.org)
- State Car Insurance Guides (GEICO)
- Young Drivers: The High Risk Years Video (iihs.org)