If you want to find the absolute lowest rates, then the best way to find the cheapest price for Lexus RX 450h insurance in Oakland is to start comparing rates regularly from providers who provide auto insurance in California.
- It will benefit you to learn about coverages and the things you can change to keep rates in check. Many rating criteria that are responsible for high rates like careless driving and poor credit history can be improved by making minor changes in your lifestyle.
- Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and Allstate, while independent agents can provide prices from multiple sources.
- Compare the quotes to your current policy to determine if you can save on RX 450h insurance. If you find a lower rate and change companies, ensure there is no coverage lapse between policies.
- Provide notification to your current company of your intent to cancel your existing policy and submit payment and a signed application to the new insurer. Once the application is submitted, safely store the certificate of insurance along with your vehicle registration.
The most important part of shopping around is that you use similar limits and deductibles on every quote and and to look at as many different insurance providers as possible. This provides a fair price comparison and the best price selection.
A recent study showed that over 70% of consumers kept their coverage with the same insurance company for well over three years, and nearly half have never shopped around. Consumers in California could save themselves about $470 a year, but they don’t understand how simple it is to find cheaper insurance rates.
If you already have coverage or just want a better rate, use these cost-cutting techniques to shop for the lowest rates without sacrificing coverage. Finding the cheapest coverage in Oakland is quite easy. Drivers just have to understand the quickest method to compare rates instantly.
The easiest way to compare policy rates for Lexus RX 450h insurance in Oakland is to know most insurance companies participate in a system to give rate comparisons. The one thing you need to do is provide information including driver details, if you went to college, your occupation, and which vehicles you own. Those rating factors is sent automatically to many different companies and you will receive price estimates immediately.
To get price quotes for your Lexus RX 450h now, click here and enter the information requested.
The companies shown below offer free rate quotes in California. To locate the cheapest car insurance in California, we recommend you visit two to three different companies to get the best price comparison.
Rates and data analysis
The table displayed below showcases different rate quotes for Lexus RX 450h models. Understanding more about how insurance prices are formulated can help guide drivers when making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $342 | $724 | $604 | $36 | $180 | $1,886 | $157 |
| RX 450H Hybrid 4WD 4-Dr | $342 | $724 | $604 | $36 | $180 | $1,886 | $157 |
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in vehicle garaging location which can lower or raise premiums noticeably.
Higher deductibles lower rates
One of the most common car insurance questions is at what level do you set your deductibles. The comparisons below may help to illustrate the rate differences when you buy lower versus higher insurance deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $430 | $780 | $500 | $30 | $150 | $1,915 | $160 |
| RX 450H Hybrid 4WD 4-Dr | $430 | $780 | $500 | $30 | $150 | $1,915 | $160 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 450H Hybrid 2WD 4-Dr | $348 | $630 | $500 | $30 | $150 | $1,658 | $138 |
| RX 450H Hybrid 4WD 4-Dr | $348 | $630 | $500 | $30 | $150 | $1,658 | $138 |
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price estimates do not factor in vehicle garaging location which can affect prices greatly.
Based on the figures above, using a $250 deductible could cost the average driver approximately $22 more each month or $264 each year than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you average more than 11 months between claim filings, you would probably be better off if you elect the higher deductible. The table below shows the way this decision is made.
| Average monthly premium for $250 deductibles: | $160 |
| Average monthly premium for $500 deductibles (subtract): | – $138 |
| Monthly savings from raising deductible: | $22 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $22 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
Protect your vehicle and other assets
Despite the high insurance cost for a Lexus RX 450h in Oakland, maintaining insurance is required in California but it also protects you in many ways.
First, the majority of states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you have a lien on your Lexus RX 450h, almost all lenders will require that you have full coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Lexus for a much higher rate and force you to reimburse them for the much more expensive policy.
Third, car insurance protects both your Lexus RX 450h and your assets. It will also provide coverage for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of buying car insurance outweigh the cost, particularly for liability claims. According to a recent study, the average American driver is currently overpaying as much as $830 a year so compare rate quotes each time the policy renews to ensure rates are competitive.
Four Tips to Get Lower-cost Oakland Insurance Rates
Part of the auto insurance buying process is learning the rating factors that help determine your policy premiums. When consumers understand what influences your rates, this enables you to make decisions that may reward you with big savings. Lots of factors are part of the calculation when you quote your car insurance policy. Some are obvious such as your driving record, although some other factors are less apparent like where you live or your vehicle rating.
Premiums impacted by your city – Choosing to live in small towns and rural areas has it’s advantages when shopping for auto insurance. Less people corresponds to lower accident rates. Residents of big cities have to deal with congested traffic and more time behind the wheel. More time behind the wheel means more chance of being in an accident.
High coverage deductibles reduce costs – Physical damage protection, termed comprehensive and collision coverage on your policy, covers damage that occurs to your Lexus. Some instances where coverage would apply could be a broken windshield, hitting a deer, and rolling your vehicle. Physical damage deductibles represent how much money you are required to spend out-of-pocket before a claim is paid by your company. The more damage repair cost the insured has to pay upfront, the less money you will pay for auto insurance.
Certain vocations raise premiums – Did you know your auto insurance rates can be affected by your occupation? Careers such as military personnel, executives, and stock brokers have the highest rates because of high stress and lengthy work days. Other careers like actors, students and performers receive lower rates.
Tickets drive up prices – Just one ticket may cause rates to rise twenty percent or more. Careful drivers receive lower rates than bad drivers. People who have severe violations such as hit and run, DWI or reckless driving convictions might be required by their state to submit a SR-22 form with their state motor vehicle department in order to legally drive.
The illustration below highlights how traffic violations and accidents raise Lexus RX 450h yearly insurance costs for each age group. Data assumes a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
Lexus RX 450h insurance loss data – Companies factor in insurance loss information in order to profitably underwrite each model. Models that historically have increased losses will have a higher cost to insure.
The information below illustrates the insurance loss data for Lexus RX 450h vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, as a total average, is represented as 100. Values below 100 suggest a better than average loss history, while values over 100 point to more frequent losses or larger claims.
| Vehicle Make and 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 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What is the best auto insurance company in California?
Insuring your vehicle with a good quality insurer is difficult considering how many companies provide coverage in California. The information below could help you choose which insurers to look at when looking for cheaper rates.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
Cheaper insurance is a realistic goal
Budget-friendly insurance in Oakland is definitely available online and from local insurance agents, and you should compare price quotes from both to get a complete price analysis. Some insurance providers may not have the ability to get quotes online and most of the time these small, regional companies only sell coverage through independent agents.
In this article, we covered some good ideas how you can lower your Lexus RX 450h insurance premium rates in Oakland. The key thing to remember is the more quotes you get, the better your chances of lowering your prices. You may even find the best price on insurance is with a small local company. Regional companies can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.
More information
- Collision Coverage (Liberty Mutual)
- How Much are Car Insurance Rates for Infrequent Drivers in Oakland? (FAQ)
- Prom Night Tips for Teen Drivers (State Farm)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Red Light Cameras (State Farm)
- State Car Insurance Guides (GEICO)