How Much Does 2017 Lexus RX 350 Insurance Cost?

Are you burned out from being strong-armed each month for insurance coverage? Your situation is no different than many other consumers. Numerous auto insurance companies battle for your business, and it can be difficult to compare rates and get the best coverage at the lowest price

How to buy car insurance online

Getting a more affordable price on 2017 Lexus RX 350 insurance is an easy way to save money. All that’s required is to take a few minutes comparing rate quotes from online providers. Comparing prices online can be done using a couple different methods.

  1. The single most time-saving way to get quotes is an all-inclusive rate comparison click to view form in new window. This type of form keeps you from doing separate quotes for every car insurance company. One form submission compares rates from car insurance companies with the best prices.
  2. A different way to get quotes online requires a trip to each individual company website to request a price quote. For example, let’s say you want to compare Progressive, Allstate and Geico. In order to get each rate, you would have to spend time on each company’s site and punch in your information repeatedly, which is why most consumers use the first method. To view a list of companies in your area, click here.
  3. The least efficient method to find cheaper rates is to waste gas driving to each insurance agency near you. The fact that you can get quotes online eliminates this option unless you prefer the trained advice of an agent trained in personal lines coverage. It is possible with some companies comparison shop online but buy from a local insurance agent.

How you compare quotes is your choice, just try to keep equivalent deductibles and coverage limits on every price quote you get. If each company quotes different values for each quote it will be nearly impossible to determine which rate is truly the best.

The Lexus RX 350 insurance price equation

Many things are used when pricing auto insurance. Some are pretty understandable like a motor vehicle report, but other factors are more obscure such as whether you are married or how safe your car is.

The factors shown below are just a few of the factors used by your company to calculate your rates.

  • Your job is a factor – Jobs such as real estate brokers, architects and financial analysts generally pay higher premium rates because of job stress and lots of time spent at work. Other occupations such as actors, students and retirees have lower than average premiums for RX 350 coverage.
  • Gender and insurance coverage prices – The statistics show females are less aggressive when driving. This data doesn’t prove that men are WORSE drivers than women. Females and males are in fender benders at a similar rate, but guys get into accidents with more damage. Not only are claims higher, but men get more serious tickets like reckless driving and DUI.
  • Inexpensive frequent policy claims are not good – If you file claims often, you can look forward to either policy cancellation or increased premiums. Auto insurance companies generally give the best rates to drivers who only file infrequent claims. Auto insurance is intended for larger claims.
  • Safety ratings are a factor – Vehicles with good safety scores get lower rates. Safe vehicles result in less severe injuries and fewer injuries translates into savings for insurance companies which can result in lower premiums. If your Lexus RX 350 scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Lower rates come with age – Teen drivers are proven to be more careless when driving with friends so insurance coverage rates are higher. Mature drivers have been proven to be more responsible, tend to cause fewer accidents , and are generally more financially stable.
  • Poor driving means higher prices – Whether or not you get tickets can have a huge impact on auto insurance premiums. Drivers who don’t get tickets receive lower rates as compared to those with violations. Having a single driving citation can bump up the cost forty percent or more. Drivers with license-revoking violations like DUI, reckless driving or excessive speeding are required to submit a SR-22 form with the DMV in their state in order to prevent a license revocation.
  • Car plus home equals more savings – Lots of companies give discounts to insureds who have multiple policies with them. It’s known as a multi-policy discount. Discounts can add up to ten percent or more. Even with this discount applied, drivers will still want to shop around to confirm you are receiving the best rates possible.

Lower-cost insurance coverage quotes with discounts

Some providers don’t always publicize every discount in an easy-to-find place, so we researched some of the more common as well as the least known discounts you could be receiving when you buy auto insurance online. If you aren’t receiving every discount possible, you are not getting the best rate possible.

  • Professional Organizations – Joining a qualifying organization may earn a discount on your policy.
  • Multi-car Discount – Buying coverage for multiple cars or trucks on one policy can get a discount for every vehicle.
  • Discount for New Cars – Buying a new car model may earn a small discount compared to insuring an older model.
  • Theft Deterent – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are less likely to be stolen and will qualify for a discount on a auto insurance quote.
  • No Charge for an Accident – This one is not really a discount per se, but some insurance companies will turn a blind eye to one accident before they charge you more for coverage if your claims history is clear for a specific time period.
  • Senior Citizens – Older drivers may receive a slight reduction on a auto insurance quote for RX 350 coverage.
  • ABS Braking Discount – Vehicles with ABS and/or traction control are much safer to drive so companies give up to a 10% discount.
  • Telematics Data – Drivers who agree to allow driving data collection to analyze driving patterns by using a telematics device in their vehicle such as Progressive’s Snapshot could save a few bucks as long as they are good drivers.
  • Discounts for Safe Drivers – Accident-free drivers could pay up to 40% less for RX 350 coverage as compared to drivers with claims.
  • Driver Education Discount – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course in school or through a local driver safety program.

Drivers should understand that some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. Despite the appearance that you could get a free insurance coverage policy, it’s just not the way it works. Any qualifying discounts will lower the cost of your policy.

The best insurance coverage companies and a summarized list of policyholder discounts include:

  • American Family offers discounts for multi-vehicle, good student, TimeAway discount, air bags, good driver, defensive driver, and bundled insurance.
  • Nationwide offers premium reductions for easy pay, good student, family plan, defensive driving, multi-policy, and accident-free.
  • MetLife may offer discounts for accident-free, multi-policy, claim-free, good student, good driver, defensive driver
  • 21st Century may include discounts for 55 and older, anti-lock brakes, theft prevention, defensive driver, good student, air bags, and student driver.
  • Farmers Insurance has savings for alternative fuel, bundle discounts, electronic funds transfer, teen driver, mature driver, pay in full, and business and professional.
  • Allstate policyholders can earn discounts including defensive driver, teenSMART discount, good payer, anti-lock brakes, and FullPay discount.

When comparing rates, check with every insurance company the best way to save money. Depending on the company, some discounts might not apply in your area.

Tailor your car insurance coverage to you

When choosing the right insurance coverage, there is no best way to insure your cars. Every insured’s situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether you might need professional guidance.

  • Do I need added coverage for expensive stereo equipment?
  • What can I do if my company won’t pay a claim?
  • Do I have newly-aquired coverage?
  • Is my babysitter covered when using my vehicle?
  • Should I put collision coverage on all my vehicles?
  • Do I need replacement cost coverage?
  • Do I need motorclub coverage?
  • Is my custom paint covered by insurance?
  • How much liability coverage do I need in my state?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

What auto insurance coverages do you need?

Knowing the specifics of a auto insurance policy helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the usual coverages found on the average auto insurance policy.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Lexus RX 350.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually the UM/UIM limits are similar to your liability insurance amounts.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for claims like scraping a guard rail, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Auto liability

Liability coverage can cover injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers claims like repair costs for stationary objects, court costs and attorney fees. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for expenses for things like dental work, X-ray expenses, chiropractic care, funeral costs and nursing services. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. It covers all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Comprehensive insurance

This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, hail damage and damage from getting keyed. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

At the end of the day…

Discount 2017 Lexus RX 350 insurance is possible both online in addition to many insurance agents, so get free auto insurance quotes from both of them so you have a total pricing picture. A few companies do not provide price quotes online and most of the time these regional insurance providers sell through independent insurance agents.

While you’re price shopping online, it’s very important that you do not reduce coverage to reduce premium. In too many instances, someone sacrificed collision coverage only to discover later they didn’t purchase enough coverage. The ultimate goal is to purchase a proper amount of coverage at the best possible price, but don’t skip important coverages to save money.

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