The car insurance you need depends on where you live, if you own your Lexus NX 250, and your personal needs.
Almost every state has regulations around the minimum coverage types and limits you need. However, you may want more coverage than your state’s requirements, or your lender may have requirements for how much insurance you need.
These are some common types of car insurance coverage you can consider:
1. Liability coverage
In almost every state, liability coverage is required by law. Liability insurance helps cover damage to property and others in an accident you cause.
2. Collision insurance
Collision insurance helps cover damage to your own property in an accident you cause. Collision insurance has a deductible which you have to pay before your insurance kicks in to cover the rest of a claim. If you lease or finance your Lexus NX 250, you may be required to carry collision coverage.
3. Comprehensive insurance
Comprehensive insurance helps cover damage to your property caused by a non-collision incident. Covered incidents usually cover things like weather damage, theft, or hitting an animal. Comprehensive insurance also has a deductible, and your lender may require you to have this coverage if you lease or finance your Lexus NX 250.
4. PIP or Medical Payments
In some states, Personal Injury Protection (PIP) or Medical Payments coverage is required. This helps cover medical expenses if you or your passengers are injured in an accident.
5. Uninsured/Underinsured motorist coverage
This type of coverage (required in some states) helps cover repairs to your property if you are in an accident with an uninsured driver. This also usually covers hit and run accidents.
6. Additional coverage or endorsements
The vehicle you drive plays a key role in the price you pay for insurance. However, other factors like where you live, your age, driving record, and many more also factor into the price of your policy. Here are some ways to try to bring the price you pay to insure your NX 250 down:
- Gap insurance (which covers the difference between your Lexus NX 250’s actual cash value and the amount you owe on your loan)
- Rental car reimbursement
- Roadside assistance coverage