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Lexus NX 300 Insurance Rates

You have lots of choices when trying to insure your Lexus vehicle. You can buy from your neighborhood insurance agent or shop online to compare insurance costs of car insurance companies. Shopping for car insurance from online rate quotes is easy and at the same time you will probably save money.

Consumers not familiar with comparison shopping may think purchasing low-cost Lexus NX 300 insurance is more work than they want to put in. To find the best car insurance prices, there are several ways to get quotes from different insurance companies. The quickest method to find the cheapest Lexus NX 300 insurance quotes consists of shopping online. It is quite easy and can be accomplished by getting a quick quote here.

What factors impact your insurance rates?

Insurance rates on a Lexus NX 300 can vary widely based upon several criteria. Taken into consideration are:

  • The performance level of your NX 300
  • Any accidents you may have
  • Whether you insure your home with the same company
  • Pleasure use vs. commuting use
  • Special coverage such as replacement cost
  • Your profession
  • The level of coverage
  • Whether you rent or own your home

One last important factor that will help determine the rate you pay on your Lexus is the year of manufacture. Older cars and trucks have a reduced actual cash value so the cost to replace them will push premiums down. Conversely, more recent Lexus vehicles may have options such as adaptive cruise control, a collision avoidance system, autonomous braking, and an advanced theft deterrent system which can help offset higher rates.

To get a better idea how much rates will be for your vehicle, select the year of your NX 300 from available model years below.

Liability insurance

Liability insurance will cover damages or injuries you inflict on people or other property by causing an accident. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so purchase higher limits if possible.

Collision coverage

Collision coverage will pay to fix damage to your Lexus resulting from a collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder. Collision coverage for your Lexus NX 300 can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive protection

This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection from other drivers when they are uninsured or don't have enough coverage. Due to the fact that many drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like doctor visits, EMT expenses, and X-ray expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. PIP is only offered in select states and may carry a deductible.

How Much are Lexus NX 300 Insurance Rates?