Lexus HS 250h Insurance Quotes in Riverside

If you want to save the most money, the best way to get the cheapest Lexus HS 250h insurance is to do a yearly price comparison from providers that sell auto insurance in Riverside. Rates can be compared by following these steps.

  1. Try to learn a little about how your policy works and the changes you can make to drop your rates. Many things that result in higher rates like distracted driving and an unacceptable credit rating can be improved by making minor changes to your lifestyle.
  2. Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can provide prices from multiple insurance companies. Select a company
  3. Compare the price quotes to your existing policy and determine if cheaper HS 250h coverage is available in Riverside. If you can save money, ensure coverage does not lapse between policies.
  4. Provide proper notification to your current company to cancel your existing policy and submit the signed application along with the required initial payment for your new coverage. Once received, place the new certificate of insurance with your vehicle’s registration.

The most important part of this process is to make sure you’re comparing identical coverage information on each price quote and to quote with every company you can. This helps ensure a fair rate comparison and a complete price analysis.

Insurance for Lexus HS 250hIt’s an obvious conclusion that car insurance companies don’t want you shop around. Consumers who shop around for cheaper rates are likely to switch insurance companies because there is a good chance of finding lower rate quotes. A recent survey found that consumers who routinely compared quotes saved approximately $850 each year compared to drivers who never compared prices.

If finding the lowest rates on insurance is why you’re reading this, then knowing the best way to shop and compare insurance coverage can make the process less intimidating.

Coverage statistics and figures

The premium information shown below outlines a range of insurance coverage prices for Lexus HS 250h models. Knowing how prices are formulated is important for making smart choices when purchasing an insurance policy.

Lexus HS 250h Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $302 $490 $492 $30 $148 $1,462 $122
HS 250H Premium 4-Dr Sedan $302 $490 $492 $30 $148 $1,462 $122
Get Your Own Custom Quote Go

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Price estimates do not factor in specific garaging location which can lower or raise price quotes greatly.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is how high should the physical damage deductibles be. The following insurance rates summarize how much more you’ll pay when you select higher and lower insurance deductibles. The first set of rates uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Lexus HS 250h insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $430 $780 $376 $22 $112 $1,745 $145
HS 250H Premium 4-Dr Sedan $430 $780 $376 $22 $112 $1,745 $145
Get Your Own Custom Quote Go

Lexus HS 250h insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $266 $490 $376 $22 $112 $1,266 $106
HS 250H Premium 4-Dr Sedan $266 $490 $376 $22 $112 $1,266 $106
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price information does not factor in specific zip code location which can alter premium rates substantially.

Based on the above data, using a $250 deductible will cost you about $39 more each month or $468 for a full year averaged for all HS 250h models than quoting the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 19 months between claims, you would probably save some money by selecting a higher deductible. Here is a better example of how you can perform this determination yourself.

Average monthly premium for $250 deductibles: $145
Average monthly premium for $1,000 deductibles (subtract): – $106
Monthly savings from raising deductible: $39
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One big caveat is that raising deductibles results in more money out-of-pocket when you have a comprehensive or collision claim. You need to have enough extra savings in the event you need to pay more for the deductible.

The illustration below highlights how deductible choice and can influence Lexus HS 250h insurance costs for different age groups of insureds. The prices are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

Lexus HS 250h insurance premiums by gender

The diagram below compares Lexus HS 250h insurance costs for male and female drivers. The data is based on no violations or claims, full coverage, $100 deductibles, single marital status, and no discounts are factored in.

Which car insurance company is best in Riverside?

Buying coverage from a highly-rated insurance provider is difficult considering how many companies there are in California. The company information in the next section could help you analyze which auto insurance companies to look at when comparing rate quotes.

Top 10 Riverside Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Esurance – A+
  6. Nationwide – A+
  7. Allstate – A+
  8. Mercury Insurance – A+
  9. Progressive – A+
  10. Titan Insurance – A+

Auto insurance coverage basics

Learning about specific coverages of a auto insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Shown next are the usual coverages available from auto insurance companies.

Collision – Collision insurance pays for damage to your HS 250h resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as backing into a parked car, sideswiping another vehicle and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible on your HS 250h in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for bills for prosthetic devices, X-ray expenses, hospital visits, pain medications and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Lexus HS 250h.

Due to the fact that many California drivers have only the minimum liability required by law (which is 15/30/5), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive insurance – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as a broken windshield, rock chips in glass, falling objects, hitting a deer and damage from a tornado or hurricane. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability coverages – Liability insurance protects you from injuries or damage you cause to people or other property that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 15/30/5 which means a limit of $15,000 per injured person, $30,000 for the entire accident, and property damage coverage for $5,000. Alternatively, you may have a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like legal defense fees, emergency aid, repair costs for stationary objects and court costs. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible. California requires minimum liability limits of 15/30/5 but you should consider buying more coverage.

The illustration below demonstrates why the minimum limit may not be adequate coverage.

Don’t give up on cheaper coverage

You just read many tips how you can lower your Lexus HS 250h insurance premium rates in Riverside. It’s most important to understand that the more you quote Riverside car insurance, the better your chances of lowering your prices. You may even discover the lowest priced insurance comes from a small mutual company. They may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.

When getting Riverside car insurance quotes online, you should never buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced collision coverage only to regret that the small savings ended up costing them much more. The ultimate goal is to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.

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