It’s easy to assume that auto insurance companies don’t want customers comparing rates. Drivers who get price comparisons are inclined to switch auto insurance companies because of the good chance of finding a lower-cost company. A recent auto insurance study discovered that drivers who made a habit of comparing rates saved as much as $850 each year compared to people who never shopped around for cheaper prices.
If finding the lowest price for Lexus RX 450h insurance in Durham is the reason you’re here, then learning about the best way to shop and compare insurance can save time and make the process easier.
Really, the only way to get more affordable car insurance rates in Durham is to compare quotes annually from insurers who provide auto insurance in North Carolina. Drivers can shop around by completing these steps.
- It will benefit you to learn about how insurance works and the modifications you can make to drop your rates. Many things that are responsible for high rates like accidents, traffic tickets, and a substandard credit history can be eliminated by being financially responsible and driving safely.
- Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for a wide range of companies. Start a quote
- Compare the price quotes to your existing coverage and see if there is a cheaper rate in Durham. If you find a lower rate and decide to switch, make sure there is no coverage gap between policies.
- Tell your current agent or company to cancel your current policy and submit the required down payment along with the signed application for your new policy. Once the application is submitted, place the new certificate verifying proof of insurance with your vehicle’s registration.
One tip to remember is to make sure you enter the same level of coverage on every price quote and and to get quotes from as many companies as possible. This enables the most accurate price comparison and a good representation of prices.
If you have insurance now, you will surely be able to find better prices using the following tips. Our goal is to introduce you to how to effectively get price quotes and also pocket some savings Nevertheless, North Carolina car owners do need to learn how the larger insurance companies set your policy premium and use it to find better rates.
Earn discounts on Durham auto insurance
Auto insurance is neither fun to buy or cheap, but there may be some discounts that many people don’t even know exist. Many of these discounts will be applied automatically at quote time, but some may not be applied and must be asked for before you get the savings.
- Anti-lock Brake Discount – Cars, trucks, and SUVs with ABS and/or traction control are much safer to drive and will save you 10% or more on RX 450h insurance in Durham.
- Driver Safety – Taking part in a course teaching defensive driving skills can save you 5% or more if your company offers it.
- Student Discounts – Maintaining excellent grades can save 20 to 25%. The good student discount can last until age 25.
- Telematics Data – Durham drivers who agree to allow their company to scrutinize vehicle usage by using a telematics device such as Progressive’s Snapshot may see discounts if they have good driving habits.
- Organization Discounts – Having an affiliation with certain professional organizations could earn you a nice discount on your next auto insurance statement.
One last thing about discounts, many deductions do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that adding up those discounts means a free policy, auto insurance companies aren’t that generous.
The diagram below illustrates the difference between Lexus RX 450h auto insurance rates with and without some available policy discounts. The rate quotes are based on a male driver, no claims or violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, homeowner, marriage, claim-free, and multi-policy discounts applied.
To view providers with the best Lexus RX 450h insurance discounts in Durham in North Carolina, click this link.
When looking for low cost Durham car insurance quotes, there are a couple ways of comparing rate quotes from all the different companies. One of the best ways to do a complete rate comparison is to perform an online rate comparison.
Just remember that obtaining a wide range of quotes helps locate more affordable rates.
The companies in the list below can provide price quotes in North Carolina. To locate the best cheap auto insurance in Durham, it’s highly recommended you click on several of them to get the lowest price.
Lexus RX 450h insurance charts and tables
The data table displayed next showcases a range of insurance rates for Lexus RX 450h models. Having a better idea how policy rates are determined can aid in making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $210 | $446 | $270 | $16 | $80 | $1,022 | $85 |
| RX 450H Hybrid 4WD 4-Dr | $210 | $446 | $270 | $16 | $80 | $1,022 | $85 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rates do not factor in garaging location in Durham which can alter rates noticeably.
Physical damage deductible comparison
When shopping for auto insurance, a common question is how high or low should comp and collision deductibles be. The comparisons below determine the premium difference when you buy lower versus higher physical damage coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $242 | $440 | $282 | $16 | $84 | $1,089 | $91 |
| RX 450H Hybrid 4WD 4-Dr | $242 | $440 | $282 | $16 | $84 | $1,089 | $91 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $150 | $276 | $282 | $16 | $84 | $808 | $67 |
| RX 450H Hybrid 4WD 4-Dr | $150 | $276 | $282 | $16 | $84 | $808 | $67 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Price estimates do not factor in specific Durham garaging location which can increase or decrease premium rates considerably.
Based on these figures, using a $250 deductible costs roughly $24 more each month or $288 annually averaged for all RX 450h models than requesting the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 31 months between claim filings, you would probably save some money if you elect the higher deductible. The illustration below shows the way you can do this calculation yourself.
| Average monthly premium for $250 deductibles: | $91 |
| Average monthly premium for $1,000 deductibles (subtract): | – $67 |
| Monthly savings from raising deductible: | $24 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $24 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 31 months |
One important caveat is that a higher deductible means you will have to pay more if you have a claim. You need to make sure you have enough money stashed away in the event you have to pay the deductible.
Reckless driving habits raise Durham auto insurance rates
The information below illustrates how speeding tickets and at-fault collisions raise Lexus RX 450h car insurance rates for each different age category. The data is based on a single female driver, full coverage, $250 deductibles, and no other discounts are factored in.
Why You Might Pay Inflated Rates in Durham
The best way to find cheaper insurance is to take a look at some of the things that come into play when calculating the level of your policy premiums. When you know what positively or negatively impacts premium levels, this allows you to make educated decisions that can help you get big savings.
The following are some of the things used by companies to determine your rate level.
- High credit scores save money – A driver’s credit history can be a huge factor in determining premium rates. Drivers who have very high credit ratings tend to be more responsible than those with lower credit ratings. If your credit is low, you could be paying less to insure your Lexus RX 450h by improving your credit score.
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Are men or women drivers cheaper? – Statistics have proven women tend to be less risk to insure than men. The data does not necessarily mean that women are BETTER drivers than men. They both get in auto accidents at a similar rate, but the men have accidents that have higher claims. Men also get ticketed for serious violations like DUI and reckless driving. Male drivers age 16 to 19 have the highest risk to insure and therefore pay the highest rates.
The information below compares Lexus RX 450h insurance premiums for male and female drivers. The premiums are based on a clean driving record, no claims, comp and collision included, $250 deductibles, drivers are single, and no discounts are applied.
- Incidental coverages you don’t use – Insurance companies have many extra coverages that can waste your money if you aren’t diligent. Insurance for things like vanishing deductibles, towing coverage, and motor club memberships are some examples. You may think they are a good idea when buying your policy, but your needs may have changed so remove them from your policy.
- Consolidate policies and save money – Many companies will give discounts to insureds who consolidate policies with them such as combining an auto and homeowners policy. The discount can be ten percent or more. Even with this discount applied, it’s always a smart idea to get quotes from other companies to confirm you are receiving the best rates possible.
- Put fewer miles on your vehicle – The higher the mileage driven in a year the more you will pay for insurance. Almost all companies apply a rate based upon how you use the vehicle. Vehicles that sit idle most of the time can be on a lower rate level as compared to vehicles used primarily for driving to work. Double check that your insurance policy reflects the proper vehicle usage. Having an incorrect usage rating on your RX 450h is throwing money out the window.
- Don’t cut corners with liability coverage – A critical coverage on your policy, liability insurance will afford coverage if a jury decides you are liable for personal injury or accident damage. Your policy’s liability insurance provides you with a defense in court starting from day one. Carrying liability coverage is mandatory and cheap compared to comp and collision, so insureds should have plenty of protection for their assets.
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Lexus RX 450h insurance claim data – Insurers use claims history as a tool for profitable underwriting. Vehicles that historically have higher claim amounts or frequency will have increased rates. The table below outlines the historical insurance loss data for Lexus RX 450h vehicles.
For each policy coverage type, the claim amount for all vehicles, as a total average, equals 100. Values that are under 100 are indicative of better than average losses, while values that are above 100 indicate a higher chance of having a claim or statistically larger losses.
Lexus RX 450h Insurance Loss Statistics Specific Lexus Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Lexus RX 450h Hybrid 4dr 2WD 125 119 110 60 Lexus RX 450h Hybrid 4dr 4WD 144 112 136 79 57 84 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Your car insurance coverage should be tailored to you
When quoting and choosing adequate coverage for your vehicles, there is no single plan that fits everyone. Your needs are unique to you so your insurance needs to address that. These are some specific questions might point out if you could use an agent’s help.
- Is upholstery damage covered by car insurance?
- Which companies are cheaper for teen drivers?
- What is medical payments coverage?
- Will my rates increase for filing one claim?
- Can I make deliveries for my home business?
- Should I buy full coverage?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Buying from car insurance agents
Some consumers still prefer to sit down and talk to an agent and that is not a bad decision The best thing about comparing rates online is that you can find lower prices and still have an agent to talk to.
After completing this short form, your insurance data is transmitted to agents in your area who can give free rate quotes for your coverage. There is no need to even leave your home since price quotes are sent to you directly. Get lower rates and an insurance agent to talk to. If you need to get a price quote from a specific company, you would need to jump over to their website and fill out the quote form the provide.
Picking the best insurer should depend on more than just the bottom line cost. Here are some questions you should ask.
- When do they do policy reviews?
- Is the agency involved in supporting local community causes?
- Which family members are covered?
- Which insurance companies are they affiliated with?
- What is their Better Business Bureau rating?
- Which company do they place the most coverage with?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Which companies do they recommend if they are an independent agency?
Exclusive or Independent: There is a difference
If you want to use a reputable insurance agent or broker, it’s helpful to know the types of insurance agents and how they work. Insurance policy providers are either exclusive or independent (non-exclusive).
Exclusive Agents
Exclusive agencies can only provide one company’s prices such as Allstate, Farmers Insurance or State Farm. Exclusive agents are unable to give you multiple price quotes so they have to upsell other benefits. Exclusive agents are trained well on their products and sales techniques which can be an advantage. Many people use the same agent primarily because of the brand name and the convenience of having all coverages with one company.
Below is a short list of exclusive insurance agencies in Durham that can give you price quote information.
- Nationwide Insurance: Andrew F Jones
5242 Roxboro Rd Ste C – Durham, NC 27712 – (919) 477-7666 – View Map - Allstate Insurance Agent: Ava Brownlee
14 Consultant Pl Ste 150 – Durham, NC 27707 – (919) 490-6667 – View Map - John Moore – State Farm Insurance Agent
1107 W Main St #201 – Durham, NC 27701 – (919) 598-7900 – View Map
Independent Agents (or Brokers)
Agents of this type can sell policies from many different companies so as a result can place your coverage through many different insurance companies and find you the best rates. If you are not satisfied with one company, your agent can just switch to a different company and you don’t have to do anything.
When comparing insurance rates, we highly recommend that you contact a few independent agents so that you can do a thorough price comparison. They often place coverage with additional companies that you may not be familiar with that can offer cheaper rates than bigger companies.
The following are independent insurance agencies in Durham who can help you get price quote information.
- Superior Insurance of Durham
3825 S Roxboro St #118 – Durham, NC 27713 – (919) 224-8034 – View Map - Tyson Insurance
3814 N Duke St # A – Durham, NC 27704 – (919) 471-8222 – View Map - Triangle Insurance Alliance
2530 Meridian Pkwy #300 – Durham, NC 27713 – (919) 322-3640 – View Map
It may be expensive, but it’s not optional
Even though it’s not necessarily cheap to insure a Lexus in Durham, insuring your vehicle is required in North Carolina but also provides important benefits.
- Almost all states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability in order to be legal. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your RX 450h, almost every bank will make it mandatory that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Lexus at a much higher rate and force you to reimburse them a much higher amount than you were paying before.
- Insurance protects not only your car but also your assets. Insurance will pay for medical expenses for yourself as well as anyone injured by you. Liability coverage also pays expenses related to your legal defense if you are sued as the result of your driving. If damage is caused by hail or an accident, your insurance policy will pay to have it repaired.
The benefits of insuring your RX 450h greatly outweigh the cost, especially with large liability claims. Today the average American driver overpays more than $830 a year so compare quotes from several companies every year to save money.
Persistent drivers can save
As you restructure your insurance plan, do not skimp on coverage in order to save money. In too many instances, an insured dropped liability limits or collision coverage only to regret that the savings was not a smart move. Your goal should be to purchase plenty of coverage at the best price.
Lower-priced insurance in Durham is available both online in addition to many Durham insurance agents, so get free Durham car insurance quotes from both of them in order to have the best price selection to choose from. Some companies may not offer the ability to get quotes online and these regional insurance providers only sell through independent agencies.
For more information, feel free to browse the resources below:
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- How Much are Auto Insurance Quotes for Good Drivers in Durham? (FAQ)
- Who Has Affordable Durham Car Insurance for a Toyota Corolla? (FAQ)
- How Much are Durham Auto Insurance Quotes for 17 Year Olds? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a 20 Year Old Male in Durham? (FAQ)
- Car Insurance FAQ (Trusted Choice)
- Safe Vehicles for Teens (iihs.org)
- What is Gap Insurance? (Insurance Information Institute)