Car Insurance Rates for a Lexus HS 250h in Raleigh

We don’t have to point out that fact that auto insurance companies don’t want policyholders to shop around. Insureds who shop around for cheaper rates will presumably switch companies because they have a good chance of finding a policy with more affordable rates. A recent insurance study revealed that consumers who compared rate quotes regularly saved over $3,500 over four years compared to those who never compared other company’s rates.

If finding the lowest price on insurance is your objective, then knowing how to shop and compare auto insurance can make it easier for you to save money.

Really, the only way to find better pricing on Lexus HS 250h insurance in Raleigh is to annually compare prices from providers that insure vehicles in North Carolina.

Step 1: Try to learn a little about policy coverages and the things you can change to prevent expensive coverage. Many policy risk factors that increase rates like at-fault accidents and a low credit rating can be eliminated by making minor driving habit or lifestyle changes. This article provides the details to get low prices and find overlooked discounts.

Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while agents who are independent can quote rates for a wide range of companies.

Step 3: Compare the new quotes to your existing rates to see if a cheaper price is available in Raleigh. If you can save some money and switch companies, make sure there is no coverage gap between policies.

Step 4: Tell your current agent or company of your decision to cancel your current auto insurance policy. Submit a completed application and payment to the new insurer. As soon as you can, keep the new certificate of insurance with the vehicle registration.

One thing to remember is that you’ll want to compare the same liability limits and deductibles on each quote request and to quote with every company you can. This enables a level playing field and and a good selection of different prices.

This article’s goal is to let you in on the best way to buy inexpensive auto insurance and some tips to save money. If you’re already insured, you should be able to save money using these methods. Nevertheless, North Carolina drivers can benefit by having an understanding of the way insurance companies price insurance differently because it varies considerably.

How much is Lexus HS 250h insurance in Raleigh, North Carolina?

When comparison shopping, there are several ways to get quotes from lots of North Carolina car insurance companies. By far the easiest way to lower the rate you pay for Lexus HS 250h insurance is simply to get online rate quotes. When comparing car insurance rates, know that comparing more rates from different companies increases the chance that you will find a lower rate.

The companies shown below can provide price comparisons in Raleigh, NC. In order to find the best auto insurance in North Carolina, we recommend you click on several of them in order to find the most competitive rates.

Get cheaper Lexus HS 250h insurance in Raleigh with discounts

Buying car insurance is not cheap, but discounts can save money and there are some available that can help lower your rates. Most are applied at quote time, but some discounts are required to be specially asked for before being credited.

• Passenger Safety Discount – Cars that have air bags or motorized seat belts may earn rate discounts of more than 20%.
• Early Signing – A few larger companies offer discounts for renewing your policy prior to the expiration date on your current HS 250h insurance policy. This can save 10% or more.
• Theft Prevention Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are stolen less frequently and that can save you a little bit as well.
• Government Employees – Having worked for a branch of the government can earn a discount up to 10% with select insurance companies.
• Raleigh Homeowners Discount – Being a homeowner can earn you a little savings since home ownership is proof of financial responsibility.
• Good Student – Excelling in school may save as much as 25% on a Raleigh car insurance quote. The discount lasts up to age 25.
• Accident Waiver – Not necessarily a discount, but companies like Allstate, Progressive, and GEICO will let one accident slide without getting socked with a rate hike so long as you haven’t had any claims before the accident.
• Auto/Home Discount – When you have multiple policies and insure them with the same company you may save as much as 10 to 15 percent.
• Claim Free – Good drivers with no accidents are rewarded with significantly better rates on Raleigh car insurance quote in comparison with accident-prone drivers.

A quick disclaimer, most discount credits are not given to the entire policy premium. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though you would think all the discounts add up to a free policy, you aren’t that lucky.

The diagram below illustrates the comparison of Lexus HS 250h auto insurance costs with and without some available policy discounts. Data assumes a female driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, homeowner, safe-driver, and multi-policy discounts applied.

Car insurance companies that may offer policyholders these money-saving discounts possibly include:

• State Farm
• Farmers Insurance
• GEICO
• American Family
• Nationwide
• Progressive

It’s a good idea to ask every company which discounts they offer. Some of the earlier mentioned discounts might not apply in your state. To choose providers who offer discounts in North Carolina, follow this link.

Analysis of coverages

The table shown next highlights detailed analysis of coverage costs for Lexus HS 250h models. Being more informed about how insurance prices are determined can help drivers make informed purchases.

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Information does not factor in Raleigh location which can revise rates considerably.

Auto insurance deductibles

When comparing auto insurance rates, the most common question is where to set your physical damage deductibles. The following tables may aid in understanding the rate difference when you choose different comp and collision deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Price information does not factor in garaging location in Raleigh which can raise or lower premium rates noticeably.

Based on the above data, using a $100 deductible would cost the average driver about $22 more each month or $264 every year than quoting the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have at a minimum 18 months between claims, you would probably come out ahead if you elect the higher deductible.

Buying auto insurance from Raleigh insurance agents

Some consumers prefer to get advice from a local agent and that is a personal choice. The biggest benefit of getting online price quotes is the fact that drivers can get better rates but still work with a licensed agent. Buying from small agencies is especially important in Raleigh.

Once you complete this form (opens in new window), your coverage information is sent to local insurance agents who will give you quotes for your coverage. There is no reason to even leave your home since price quotes are sent to the email address you provide. You can most likely find cheaper rates AND a local agent. If you want to get a price quote from a particular provider, feel free to jump over to their website to submit a rate quote request.

If you would like to find a local Raleigh insurance agent, you must know there are a couple types of agencies to choose from. Insurance agencies in Raleigh may be either exclusive agents or independent agents.

Independent Agents (or Brokers)

These type of agents often have affiliation with several companies and that allows them to write policies with multiple insurance companies and find the cheapest auto insurance rates. If prices rise, they can switch companies in-house without you having to go to a different agency.

When shopping rates, you definitely need to include at a minimum one independent agency for maximum quote selection. Most can insure with smaller regional carriers which can be an advantage.

The following are Raleigh independent agents that can give you free rate quotes.

• Marcus L Davis Agency
  3901 Barrett Dr Suite 312 – Raleigh, NC 27609 – (919) 772-7698 – View Map
• G. Suggs Insurance Agency, Inc.
  1025 Bullard Ct – Raleigh, NC 27615 – (919) 875-8889 – View Map
• Clark Insurance Agency
  4004 Barrett Dr #206 – Raleigh, NC 27609 – (919) 844-2995 – View Map

More insurance agents

Exclusive Agents

These agents normally can only provide a single company’s rates and some examples include State Farm, Allstate, and Farm Bureau. They generally cannot compare rates from other companies so always compare other rates. Exclusive agents receive a lot of sales training on sales techniques which helps overcome the inability to quote other rates. A lot of people buy from exclusive agents mostly because of loyalty to the company rather than low price.

Shown below is a list of exclusive agents in Raleigh willing to provide comparison quotes.

• Allstate Insurance: Lauri W. Fair
  9101 Leesville Rd Ste 111 – Raleigh, NC 27613 – (919) 846-3901 – View Map
• State Farm: Lisa Davis
  8201 Rowlock Way Suite 112 – Raleigh, NC 27613 – (919) 782-3333 – View Map
• Gina Tickle – State Farm Insurance Agent
  8212 Creedmoor Rd #101 – Raleigh, NC 27613 – (919) 847-9774 – View Map

More insurance agents

Finding the right auto insurance agent needs to be determined by more than just a cheap price quote. The questions below may impact your decision as well.

• Which family members are covered?
• Are they paid to recommend certain coverages?
• Is vehicle damage repaired with OEM or aftermarket parts?
• Where would your vehicle be repaired?
• Do they regularly work with personal auto policies in Raleigh?
• If you raise deductibles, how much can you save?

Upon receiving satisfactory answers to your questions and an affordable coverage quote, chances are good that you have found a car insurance agent that can properly service your auto insurance policy.

Learn How to Lower Your Insurance Premiums

Lots of factors are part of the calculation when pricing auto insurance. A few of the factors are predictable like an MVR report, although some other factors are more transparent such as your credit history or your vehicle rating.

• Cautious drivers pay the best premiums – Having a single chargeable violation can increase rates substantially. Careful drivers pay less for auto insurance than their less careful counterparts. Drivers with multiple tickets such as hit and run, DWI or reckless driving convictions may face state-mandated requirements to complete a SR-22 with the DMV in their state in order to continue driving.

  The illustration below highlights how traffic violations and at-fault claims drive up Lexus HS 250h car insurance rates for different categories of driver ages. The rate quotes are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.

• Pay less with a high IIHS safety rating – Vehicles with high crash test scores are cheaper to insure. Vehicles built for safety reduce occupant injuries and fewer serious injuries means lower claim amounts which can mean better rates for you. If your Lexus HS 250h has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
• How much liability do you need? – A critical coverage on your policy, liability insurance provides coverage in the event that you are determined to be liable for damages caused by your negligence. It will provide legal defense to attempt to prove you were not liable. It is affordable coverage when compared with rates for comp and collision, so do not skimp.

• Is your car built for speed? – The performance of the car you are trying to find cheaper insurance for makes a substantial difference in your auto insurance rates. Lower performance four cylinder passenger models receive the most favorable rates, but there are many factors that impact the final cost.

  The following data is based on a single male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It compares Lexus HS 250h insurance rates compared to other vehicles that have a range of performance rating factors.

• Alarms and GPS tracking lower insurance rates – Buying a car that has an advanced theft prevention system can save you a little every year. Theft deterrent systems like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping your car from being stolen.
• Never let your insurance expire – Driving with no insurance can get your license suspended and companies may charge more for letting your coverage lapse. Not only will you pay higher rates, the inability to provide proof of insurance may earn you a hefty fine and possibly a revoked license.

• Gender matters – Statistics have proven females are less aggressive when driving. However, don’t assume that females are better at driving than males. Females and males cause at-fault accidents at about the same rate, but the male of the species cause more damage. Not only are claims higher, but men receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 tend to get in the most accidents and therefore are the most expensive to insure.

  The information below shows the difference between Lexus HS 250h insurance premiums for male and female drivers. The rates are based on no tickets, no at-fault accidents, full coverage, $250 deductibles, drivers are single, and no other discounts are factored in.

Choosing Lexus vehicle insurance is an important decision

Despite the fact that auto insurance is not cheap in Raleigh, paying for auto insurance may be mandatory for several reasons.

• Most states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability protection in order to license the vehicle. 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 Lexus, it’s most likely the lender will stipulate that you have full coverage to protect their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Lexus for a much higher rate and require you to pay for the much more expensive policy.
• Auto insurance preserves both your Lexus and your personal assets. It will also pay for many types of medical costs for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, your auto insurance policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your car outweigh the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer overpays as much as $869 every year so compare quotes from several companies once a year at a minimum to help ensure money is not being wasted.

Persistence pays off

When trying to cut insurance costs, make sure you don’t sacrifice coverage to reduce premiums. In many cases, an insured dropped uninsured motorist or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. Your focus should be to find the BEST coverage at an affordable rate, but do not skimp to save money.

Insureds who switch companies do it for a variety of reasons including lack of trust in their agent, an unsatisfactory settlement offer, not issuing a premium refund or even delays in responding to claim requests. Regardless of your reason, choosing a new company can be easy and end up saving you some money.

We just covered many tips how you can reduce Lexus HS 250h insurance prices online in Raleigh. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. Drivers may even discover the best price on insurance is with a lesser-known regional company.

More information is located at the links below

• Things to Know Before you Cancel Insurance (Allstate)
• Who Has Cheap Auto Insurance for Teenage Females in Raleigh? (FAQ)
• Who Has the Cheapest Raleigh Car Insurance for Low Mileage Drivers? (FAQ)
• Who Has Affordable Auto Insurance for Drivers Over Age 50 in Raleigh? (FAQ)
• Senior Drivers (Insurance Information Institute)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Side Impact Crash Tests (iihs.org)
• Keeping Children Safe in Crashes Video (iihs.org)