Car Insurance Quotes for a Lexus RX

The average annual premium for a Lexus RX auto insurance policy is $1,656 for full and $900 for minimum coverage.

Purchasing a full coverage policy offers numerous benefits over liability-only, adding first-party benefits to the mix, like comprehensive and collision.

If you need help finding the right cheap auto coverage, Freeway Insurance will help you determine the appropriate coverage levels per your needs and budget.

Lexus RX drivers can take advantage of many types of insurance policies, the most common ones being liability-only and full coverage.

Both fulfill legal requirements in your state. One offers basic financial protection, and the other offers more comprehensive protection with first and third-party benefits, protecting you, your passengers, your property, and third parties in the event of an accident.

Full Coverage

Full coverage offers greater financial protection. With it, your provider pays the cost of injuries and property damage to others, yourself, and your passengers (up to specified limits).

A typical full coverage policy consists of liability, collision, and comprehensive. Adding collision and comprehensive to your policy offers enhanced protection against physical damage due to crashes and non-collisions like theft and vandalism, reducing out-of-pocket expenses in case of an accident.

Typically, drivers can expect to pay several hundred dollars more per year for a full coverage policy versus the other.

State Minimum Liability

State minimum liability refers to the minimum coverage your state law requires for you to drive on its roads.

Every state has its liability requirements. For example, all Arizona drivers must carry a 15/30/10 policy, translating to $15,000 in bodily injury per person, $30,000 in bodily injury per accident, and $10,000 in property damage liability.

In turn, the state of Nevada imposes slightly higher limits, requiring a minimum 25/50/20 policy.

Unfortunately, a minimum liability-only policy may not be enough to cover the costs of an at-fault accident. First and third parties may incur medical expenses, property damage, and severe economic loss through legal disputes and other court matters, eclipsing these limits. For greater peace of mind, go for an increased limit of 100/300/100.

Dozens of other factors go into calculating the cost of premiums for Lexus RX drivers.

Three include your marital status, homeownership, and annual coverage limits.

Marital Status

As for marital status, statistics show that married couples pay lower premiums than singles, partly thanks to shared responsibility, perceived greater stability, and a lower likelihood of engaging in risky driving behavior, e.g., speeding and tailgating.

Homeownership

Additionally, homeownership can lower your premiums. On top of multiple discounts, owning a home is a favorable sign that shows insurers you know how to manage your finances, which offers a perception you are less likely to file a claim.

Annual Coverage Limits

With coverage limits, the lower your deductible and the higher your liability limits, the less you pay out of pocket before insurance coverage kicks in, forcing you to pay higher premiums. With this said, it is best to carefully balance cost savings with having the appropriate coverage.

A conviction for DUI puts drivers into a category called high-risk.

One of the worst things about DUI convictions is the classification of a high-risk driver. Expect premiums to double or even triple with this type of designation. Plus, if you caused an accident while driving drunk, you can expect litigation efforts by third parties that you might have to pay for out-of-pocket (especially if you have inadequate coverage), creating a financial burden that may be hard to overcome.

Additionally, you may have to find an insurance company willing to file an SR-22 for you with the state DMV. An SR-22 is a certificate of financial responsibility that lets the state know you’re carrying the necessary liability coverage.

One of the best ways to save a few dollars on your next premium is by enrolling in multi-policy and good driver discounts.

Assuming you are eligible, multi-policy discounts reward policyholders for purchasing two or more policies under the same insurer (e.g., boat, life, and auto). In contrast, good driver discounts reward those with a clean driving record for the past three to five years.

A clean driving record means no traffic violations, at-fault accidents, SR-22 filings, DUI convictions, claims, or anything else that will spoil your record.

Other discounts you may have been able to secure include but are not limited to:

The Lexus RX is in the midsize SUV segment.

It comes in five trims: Standard, Premium, Premium+, Luxury, and F Sport Handling.

Standard features include a 9.8-inch touchscreen, 12-speaker stereo, power-adjustable front seats, ambient lighting, and 19-inch alloy wheels. Upgrading to higher-level trims introduces a rearview camera, adaptive cruise control, and enhanced safety features like a surround-view parking camera and traffic jam assist.

Main competitors are the Mercedes-Benz GLE class, BMW X5, Porsche Cayenne, and the Genesis GV80.