Cheap Lexus RX 450h Insurance in Honolulu

It’s an obvious assumption that auto insurance companies want to keep you from shopping around. Drivers who get price quotes annually will probably switch to a new company because there is a significant possibility of finding a lower-priced company. A recent car insurance study revealed that people who faithfully checked for cheaper rates saved approximately $3,500 over four years as compared to drivers who never shopped around for lower prices.

If finding the best price on car insurance is the reason you’re reading this, then having a good understanding how to find companies and compare insurance coverage can save money and time.

Insurance for Lexus RX 450hThe preferred way to find cheaper quotes for car insurance rates is to compare quotes once a year from insurance carriers who sell insurance in Honolulu.

  1. Try to understand what is in your policy and the factors you can control to drop your rates. Many factors that are responsible for high rates like speeding tickets, accidents and a not-so-good credit history can be controlled by making minor changes in your lifestyle.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO and State Farm, while agents who are independent can provide rate quotes for many different companies.
  3. Compare the new rate quotes to the price on your current policy and see if you can save money. If you find a lower rate and change companies, make sure there is no coverage gap between policies.

One thing to point out is to try to use the same liability limits and deductibles on each quote request and and to compare all possible companies. Doing this guarantees a fair price comparison and a thorough selection of prices.

When price shopping your coverage, making a lot of price comparisons will enable you to find more affordable insurance. Not every company allows you to get online Honolulu RX 450h insurance quotes, so you need to compare rates on coverage from those companies, too.

The auto insurance companies shown below have been selected to offer price comparisons in Honolulu, HI. If several companies are displayed, we recommend you compare several of them to find the cheapest auto insurance rates.

Lexus RX 450h detailed coverage information

The price information displayed below showcases a range of rate quotes for Lexus RX 450h models. Learning a little about how car insurance premiums are established helps drivers make decisions on the best policy coverages.

Lexus RX 450h Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 450H Hybrid 2WD 4-Dr $160 $312 $282 $16 $84 $854 $71
RX 450H Hybrid 4WD 4-Dr $160 $312 $282 $16 $84 $854 $71
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in zip code location which can influence price quotes significantly.

Analysis of deductible levels

A question often asked by Honolulu drivers is how high should the physical damage coverage deductibles be. The comparisons below illustrate how much more rates are when you buy lower versus higher coverage deductibles. The first table uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Lexus RX 450h insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 450H Hybrid 2WD 4-Dr $258 $468 $300 $18 $90 $1,159 $97
RX 450H Hybrid 4WD 4-Dr $258 $468 $300 $18 $90 $1,159 $97
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Lexus RX 450h insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 450H Hybrid 2WD 4-Dr $158 $294 $300 $18 $90 $860 $72
RX 450H Hybrid 4WD 4-Dr $158 $294 $300 $18 $90 $860 $72
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rates do not factor in specific garaging location which can alter price quotes noticeably.

We can estimate from the data above that using a $250 deductible could cost the average driver approximately $25 more each month or $300 for a full year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 30 months between claim filings, you would save money going with the higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $97
Average monthly premium for $1,000 deductibles (subtract): – $72
Monthly savings from raising deductible: $25
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 30 months

One thing to be aware of is that raising deductibles to get cheaper rates means you pay more out-of-pocket when you file a claim. You need to have some non-essential savings in the event you have to pay the higher deductible in order to repair your vehicle.

Lexus RX 450h insurance costs by age and gender

The example below visualizes the comparison of Lexus RX 450h insurance costs for male and female drivers. The prices are based on no accidents, no driving violations, full physical damage coverage, $500 deductibles, single marital status, and no discounts are applied to the premium.

Your situation helps dictate your coverage

Keep in mind that when it comes to choosing adequate coverage for your personal vehicles, there is no single plan that fits everyone. You are unique.Insurance savings

These are some specific questions may help highlight if your situation would benefit from an agent’s advice.

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form.

Are insurance agencies of importance?

A small number of people prefer to have an agent’s advice and doing so can bring peace of mind A nice benefit of comparing insurance prices online is the fact that you can find the best rates and also buy local. Buying insurance from neighborhood insurance agencies is still important in Honolulu.

For easy comparison, once you complete this short form, your insurance coverage information is sent to agents in your area who will give competitive quotes for your insurance coverage. There is no need to search for an agent due to the fact that quote results will go directly to your email. You can find lower rates and an insurance agent to talk to. If for some reason you want to get a price quote from a specific insurance company, you can always visit that company’s website and submit a quote form there.

If you want a local insurance agency, you should know the different types of agencies that you can choose from. Insurance policy providers may be either exclusive or independent (non-exclusive).

Independent Agents (or Brokers)

Agents in the independent channel often have affiliation with several companies and that gives them the ability to insure with an assortment of companies enabling the ability to shop coverage around. To transfer your coverage to a different company, your agent can just switch to a different company and you won’t have to switch agencies. When shopping rates, you need to get some free quotes from independent agents to have the most options to choose from.

Below are Honolulu independent insurance agents that can possibly get you comparison quotes.

1100 Alakea St #2600Honolulu, HI 96813(808) 537-1970View Map

250 Ward Ave #220Honolulu, HI 96814(808) 626-5068View Map

1440 Kapiolani Blvd # 950Honolulu, HI 96814(808) 942-5353View Map

More Honolulu agents

Exclusive Insurance Agencies

Exclusive agencies work for only one company and examples are State Farm, AAA, and Liberty Mutual. Exclusive agents are unable to provide other company’s prices so they are skilled at selling on more than just price. Exclusive agents are usually quite knowledgeable in insurance sales which helps them sell on service rather than price.

Shown below is a list of exclusive agencies in Honolulu willing to provide rate quotes.

1016 Kapahulu Ave #250Honolulu, HI 96816(808) 734-3265View Map

2153 N King St #108aHonolulu, HI 96819(808) 847-0835View Map

2038 S King StHonolulu, HI 96826(808) 952-5353View Map

More Honolulu agents

Picking the best insurance agency should depend on more than just a cheap price. Any agent in Honolulu should be willing to answer these questions.