2018 Lexus NX 300 Car Insurance Cost

If you’re searching for lower-priced insurance online, are you overwhelmed by the wide range of insurance companies available to you? Many other people are too. You have such a large number of options that it can really be a difficult situation to find the perfect company for you.

You should make it a habit to get comparison quotes once or twice a year since prices go up and down regularly. Even if you think you had the best price for NX 300 coverage six months ago there is a good chance you can find better rate quotes now. Block out anything you think you know about insurance because it’s time to teach you the best way to find better rates and still maintain coverage.

Locating the best coverage is not that difficult. Essentially every vehicle owner who is required by state law to have insurance will most likely be able to find better rates. Although drivers must comprehend how the larger insurance companies price online insurance.

How much is car insurance?

Comparing car insurance rates can take time and effort if you don’t utilize the most efficient way to do it. You could spend your day talking to local insurance agents in your area, or you can utilize online quotes to achieve your goal.

Many companies belong to a marketplace that allows shoppers to enter their policy data once, and every company returns a competitive quote. This system prevents you from having to do quotation requests for each company you want a rate for.

To enter your information into the quoting system, click to open in new window.

The only downside to doing it this way is that you can’t choose which companies to get quotes from. If you prefer to choose from a list of companies for rate comparison, we put together a list of companies who write car insurance in your area. View list of insurance companies.

Take whichever approach you prefer, but do your best to enter equivalent coverage limits and deductibles for each quote you get. If you enter mixed coverages it will be nearly impossible to determine the best price for your Lexus NX 300. Having just a slight variation in insurance coverages or limits can result in a big premium difference. It’s important to know that comparing more rates from different companies will enable you to find the best rates.

Eight things that affect your insurance premiums

The best way to find cheaper insurance is to take a look at some of the elements that help calculate your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this enables you to make decisions that can help you get cheaper rates. Many factors are taken into consideration when pricing auto insurance. Some are pretty understandable such as your driving record, although others are not as apparent such as whether you are married or your vehicle rating.

The list below includes some of the most rate-impacting factors that factor into your rates.

  • Lower premiums for safer vehicles – Vehicles with high crash test scores get lower rates. Highly rated vehicles result in less severe injuries and lower rates of occupant injuries means your insurance company pays less which can mean better rates for you. If your Lexus NX 300 has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Rate your vehicle for proper use – The more you drive in a year the higher your rates will be. Most insurance companies calculate prices based on their usage. Autos that have low annual miles cost less to insure than those used for commuting. It’s a smart idea to ensure your policy correctly shows the correct driver usage, because it can save money. Improper usage on your NX 300 may be costing you.
  • Your liability coverage limits – The liability coverage on your policy is the coverage that protects you when you are found to be at fault for physical damage or personal injury to other. Liability provides legal defense which can cost a lot. This coverage is relatively inexpensive compared to other policy coverages, so do not cut corners here.
  • Additional coverages that may be costing you – There are quite a few add-on coverages that you can get tricked into buying on your NX 300 policy. Coverages like roadside assistance, accidental death, and motor club memberships could be just wasting money. These may sound like a good investment when talking to your agent, but if they’re wasting money eliminate them to save money.
  • Too many claims and you’ll pay more – Insurance companies provide cheaper rates to policyholders who are not frequent claim filers. If you tend to file frequent claims, you can look forward to higher rates. Insurance coverage is designed for more catestrophic claims.
  • Prevent policy lapses – Having a gap between insurance policy dates is a fast way to bump up your insurance costs. Not only will you pay more, failure to provide proof of insurance may earn you fines or a revoked license. You may need to file a SR-22 with your state motor vehicle department.
  • Higher coverage deductibles are cheaper – Comprehensive and collision coverage deductibles are how much you are required to spend out-of-pocket if a covered claim is submitted. Coverage for physical damage, aka comp and collision, is used to repair damage to your car. A few examples of covered claims are a windshield broken by a bird, fire damage, and damage caused by road hazards. The more damage repair cost you have to pay, the bigger discount you will receive for NX 300 coverage.
  • Don’t get traffic citations – Good drivers tend to pay less for car insurance compared to bad drivers. Even a single moving violation can increase rates twenty percent or more. Drivers who have license-revoking violations like hit and run, DWI or reckless driving convictions may need to submit a SR-22 or proof of financial responsibility with their state’s licensing department in order to continue driving.

Don’t overlook these auto insurance discounts

Car insurance is not cheap, but you might find some hidden discounts that may help make it more affordable. Some discounts apply automatically at quote time, but a few must be inquired about before they will apply.

  • Early Payment Discounts – If you can afford to pay the entire bill as opposed to paying monthly you could save up to 5%.
  • Paper-free Discount – Many insurance companies may give you up to $50 for buying your policy on the web.
  • Passenger Safety Discount – Factory air bags could see savings of 20 to 30 percent.
  • Save over 55 – Seniors can get a small decrease in premiums for NX 300 coverage.
  • College Student Discount – Older children living away from home attending college and won’t have access to an insured vehicle may qualify for this discount.
  • Early Switch Discount – A few companies offer discounts for renewing your policy prior to your current policy expiring. It’s a savings of about 10%.
  • Accident-Free Discounts – Good drivers with no accidents have much lower rates in comparison to policyholders that have many claims.
  • Multi-car Discount – Having more than one vehicle with one company can get a discount on all vehicles.
  • Anti-lock Brake Discount – Cars with ABS braking systems or traction control are safer to drive and therefore earn up to a 10% discount.

We need to note that most credits do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like all the discounts add up to a free policy, nobody gets a free ride. Any amount of discount should definitely cut the premium cost.

A few popular companies and a selection of discounts are detailed below.

  • Travelers offers discounts including early quote, good student, driver training, IntelliDrive, save driver, and payment discounts.
  • 21st Century includes discounts for early bird, teen driver, 55 and older, homeowners, and driver training.
  • State Farm has discounts for accident-free, multiple autos, driver’s education, safe vehicle, and multiple policy.
  • GEICO may have discounts that include good student, multi-policy, air bags, membership and employees, emergency military deployment, and military active duty.
  • SAFECO may include discounts for teen safety rewards, accident prevention training, teen safe driver, multi-car, safe driver, and anti-lock brakes.
  • AAA discounts include good student, pay-in-full, education and occupation, AAA membership discount, anti-theft, and multi-car.

Check with each company or agent how you can save money. Some credits might not be available to policyholders in every state. To find companies who offer free auto insurance quotes, click here.

When to get professional advice

When choosing adequate coverage for your personal vehicles, there is no perfect coverage plan. Your needs are not the same as everyone else’s.

For example, these questions may help highlight whether you may require specific advice.

  • Where can I find high-risk insurance?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • At what point should I drop full coverage?
  • What vehicles should carry emergency assistance coverage?
  • Does my liability insurance cover pulling a trailer or camper?
  • Can I afford to pay high deductible claims out of pocket?
  • Do I have coverage for damage caused while driving under the influence?
  • If my 2018 Lexus NX 300 is totaled, can I afford another vehicle?
  • What can I do if my company denied a claim?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Coverages available on your insurance policy

Learning about specific coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Liability coverages

This provides protection from injuries or damage you cause to other’s property or people in an accident. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims like repair costs for stationary objects, court costs, legal defense fees, emergency aid and pain and suffering. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your Lexus NX 300.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these coverages are similar to your liability insurance amounts.

Collision protection

This pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like hitting a mailbox, rolling your car, sustaining damage from a pot hole, backing into a parked car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like surgery, chiropractic care, X-ray expenses, hospital visits and doctor visits. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive protection

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hail damage, damage from getting keyed, hitting a bird, damage from flooding and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

At the end of the day…

When you buy auto insurance online, it’s not a good idea to reduce coverage to reduce premium. In too many instances, consumers will sacrifice uninsured motorist or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy enough coverage at an affordable rate and still be able to protect your assets.

We covered some good ideas how you can lower your 2018 Lexus NX 300 insurance prices. The key concept to understand is the more times you quote, the better likelihood of getting the cheapest auto insurance. Drivers may discover the lowest prices come from some of the lesser-known companies.

People who switch companies do it for a number of reasons such as extreme rates for teen drivers, high prices, being labeled a high risk driver or unfair underwriting practices. It doesn’t matter what your reason, finding a new company can be less work than you think.

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Comments About 2018 Lexus NX 300 Insurance

  1. Ila Guerrero

    Cheap is relative. I’m in the south part of Rapid City, South Dakota. I got free rates from 21st Century, Liberty Mutual, and Erie for my NX 300 and saved just over $450 a year. Got better coverage too.

  2. Carma Carson

    Good site, thanks. Went with The General for my NX 300 and cut my rates about $130 a year. It’s easy to compare rates online now.