Compare Lexus HS 250h Insurance Quotes in Memphis

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Want to know how to find more competitive Lexus HS 250h insurance in Memphis? Are you at wits end from sacrificing each month for car insurance? You are in the same boat as many other people in Tennessee.

Insurance quote for Lexus HS 250h in MemphisAnyone knows that insurance companies don't want you shop around. Consumers who rate shop once a year are very likely to switch companies because the odds are good of finding a policy with better rates. Remarkably, a study showed that drivers who compared rates once a year saved $3,500 over four years compared to drivers who never shopped around for better prices.

If saving money on Lexus HS 250h insurance is your objective, then knowing how to get rate quotes and compare coverage rates can save time, money, and frustration.

Many insurers compete for your business, so it can be very hard to choose a company to find the lowest cost out there.

When shopping for Lexus HS 250h insurance in Memphis there are multiple ways to get quotes from different companies. The simplest method to compare rates consists of obtaining rate quotes online.

It's so easy to compare quotes online that it makes it obsolete to drive to insurance agents' offices. The ability to quote Lexus HS 250h insurance online has reduced the need for local agents unless you require the professional guidance that only an agent can give. However, consumers can find lower rates online but purchase the actual policy in an agency. When price shopping your coverage, comparing a wide range of rates gives you a better chance of getting a lower rate than you're paying now. Not every company allows you to get Memphis HS 250h insurance quotes over the internet, so you should also compare prices from those companies as well.

The providers in the list below provide price quotes in Memphis, TN. To buy cheap auto insurance in Memphis, we suggest you visit several of them to get a more complete price comparison.

Why do I need car insurance?

Despite the high cost of buying insurance for a Lexus HS 250h in Memphis, insurance is most likely required but also gives you several important benefits.

  • Most states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability insurance coverage in order to get the vehicle licensed. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
  • If you bought your HS 250h with a loan, it's guaranteed your bank will make it a condition of the loan that you buy full coverage to protect their interest in the vehicle. If the policy lapses, the bank will be required to insure your Lexus at a more expensive rate and force you to pay the higher price.
  • Car insurance preserves not only your car but also your assets. It will also cover all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will cover the repair costs.

The benefits of buying enough insurance definitely exceed the price paid, particularly for liability claims. According to a recent study, the average American driver is wasting up to $820 a year so compare rate quotes at every renewal to help ensure money is not being wasted.

Premium rates and analysis

The premium table shown next highlights detailed analysis of coverage costs for Lexus HS 250h models. Learning a little about how insurance quotes are calculated can benefit drivers when making decisions when shopping around.

Lexus HS 250h Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $240 $506 $230 $14 $70 $1,060 $88
HS 250H Premium 4-Dr Sedan $240 $506 $230 $14 $70 $1,060 $88
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in Memphis location which can decrease or increase auto insurance rates noticeably.

Physical damage deductibles: Should you raise them?

A question often asked by Memphis drivers is where to set your physical damage deductibles. The comparison tables below approximate the rate fluctuation of buying low and high deductibles. The first table uses a $100 physical damage deductible and the second price chart uses a $500 deductible.

Lexus HS 250h insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $312 $608 $246 $14 $74 $1,279 $107
HS 250H Premium 4-Dr Sedan $312 $608 $246 $14 $74 $1,279 $107
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Lexus HS 250h insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
HS 250H 4-Dr Sedan $228 $412 $246 $14 $74 $974 $81
HS 250H Premium 4-Dr Sedan $228 $412 $246 $14 $74 $974 $81
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can impact rates noticeably.

Based on the figures above, using a $100 deductible will cost in the ballpark of $26 more each month or $312 a year across all Lexus HS 250h models than choosing the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 15 months between claim filings, you would save money if you elect the higher deductible.

Impact of citations and accidents on Memphis insurance rates

The example below demonstrates how citations and accident claims impact Lexus HS 250h insurance rates for each age group. The premiums assume a single female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Insurance cost for men versus women

The example below shows the comparison of Lexus HS 250h auto insurance rates for male and female drivers. The premiums are based on a clean driving record, no claims, comp and collision included, $100 deductibles, drivers are single, and no policy discounts are applied.

Cheaper Lexus HS 250h insurance rates in Memphis

Insuring your fleet can be pricey, but there are discounts available that you may not know about. Many discounts should be triggered when you purchase, but a few need to be specially asked for before they will apply. If you do not double check each discount you qualify for, you could be saving more on your auto insurance.Auto insurance discounts

  • Early Signing - A few insurance companies allow discounts for renewing your policy before your current expiration date. You can save around 10% with this discount.
  • Accident-Free Discounts - Drivers with accident-free driving histories pay much less compared to bad drivers.
  • Theft Deterrent - Vehicles that have factory alarm systems and tracking devices are stolen less frequently and qualify for as much as a 10% discount.
  • Homeowners Savings - Owning a house in Memphis can save a few bucks because owning a home is proof of financial responsibility.
  • Driver Education Discount - Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
  • Early Payment Discounts - If paying your policy premium upfront instead of paying each month you could save 5% or more.
  • Discounts for Federal Employees - Having worked for a branch of the government can save as much as 8% with certain companies.
  • Save with a New Car - Insuring a new HS 250h is cheaper compared to insuring an older model.

As a footnote on discounts, many deductions do not apply to all coverage premiums. Most cut specific coverage prices like liability, collision or medical payments. So even though you would think you can get free auto insurance, nobody gets a free ride.

The diagram below visualizes the comparison of Lexus HS 250h car insurance costs with and without discounts applied to the policy rates. The premium estimates are based on a male driver, no driving violations, no at-fault accidents, Tennessee state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, safe-driver, marriage, multi-policy, and multi-car discounts applied.

If you would like to see a list of companies that have a full spectrum of discounts in Memphis, follow this link.

Do I just need basic coverages?

When selecting coverage, there really is no cookie cutter policy. Your situation is unique.Higher deductibles save money

These are some specific questions might point out whether or not you might need an agent's assistance.

  • Should I rate my vehicle as business use?
  • Why does it cost so much to insure a teen driver in Memphis?
  • I have a DUI can I still get coverage?
  • Is extra glass coverage worth it?
  • Is my state a no-fault state?
  • If I drive on a suspended license am I covered?
  • Is my nanny covered when driving my vehicle?
  • Do I benefit by insuring my home with the same company?

If you can't answer these questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form.

Best car insurance company in Tennessee

Selecting the top car insurance provider is hard considering how many companies there are in Memphis. The company information below may help you select which companies you want to consider when looking for cheaper rates.

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

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Erie Insurance - A+
  6. Titan Insurance - A+
  7. Esurance - A+
  8. Progressive - A+
  9. Nationwide - A+
  10. The Hartford - A+

Top 10 Memphis Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General