2016 Lexus ES 350 Insurance Rates – 8 Ideas for Cheapest Quotes

Did a good deal turn out to be high-priced insurance coverage? Trust us when we tell you you’re not the only one. Big-name insurance companies like Geico, 21st Century and Progressive all claim big savings, bombarding you with TV and radio ads and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.

It’s a great practice to quote other rates on a regular basis since rates are usually higher with each renewal. If you had the best deal for ES 350 insurance a year ago there is a good chance you can find better prices now. Forget all the misinformation about insurance coverage because I’m going to teach you the right way to find lower rates on insurance coverage.

The best way to compare insurance rates from multiple companies is to know the fact all the major auto insurance companies have advanced systems to give you rate quotes. The one thing you need to do is spend a couple of minutes providing details such as if you went to college, if it has an alarm system, your credit rating estimate, and if you are currently licensed. Your details is instantly submitted to multiple different insurance companies and you will receive price estimates within a short period of time.

To compare rates now, click here then complete the form.

Can switching companies really save?

Consumers get pounded daily by advertisements that promise big savings by State Farm, Geico and Progressive. All the ads tend to make the same promise about savings if you switch to them.

How is it possible that every company can give you a lower rate? You have to listen carefully.

Different companies give the cheapest rates for the type of customer that will generate a profit. A good example of a profitable insured may need to be over age 30, has no claims, and drives a car with an anti-theft system. A customer getting a price quote that fits those parameters receives the best rates and is almost guaranteed to save some money.

People who do not meet these standards will be quoted higher prices which usually ends up with the prospect going elsewhere. The ads say “customers who switch” not “everyone that quotes” save that much money. That’s why companies can truthfully make the claims of big savings. Because every company is different, it is so important to compare quotes as often as possible. You cannot predict which insurance companies will provide you with the cheapest premium rates.

Find hidden discounts on insurance

Insuring your fleet can be pricey, but you might be missing out on some discounts that can drop the cost substantially. Many discounts should be triggered when you purchase, but some must be asked for before you get the savings.

  • E-sign – A handful of companies will give a small break for buying your policy over the internet.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle up before driving could save 15% on medical payment and PIP coverage.
  • No Accidents – Insureds who avoid accidents and claims are rewarded with significantly better rates on car insurance quote compared to accident-prone drivers.
  • Passenger Safety Discount – Factory options such as air bags and/or automatic seat belt systems may earn rate discounts of 25 to 30%.
  • College Student Discount – Kids living away from home attending college and do not have a car can receive lower rates.
  • Membership in Organizations – Joining a professional or civic organization could earn you a nice discount when shopping for insurance.
  • Employee of Federal Government – Employees or retirees of the government may reduce rates when you quote car insurance for ES 350 insurance with some insurance companies.
  • Accident Waiver – This isn’t a discount exactly, but companies like State Farm and Geico may permit one accident before raising your premiums so long as you are claim-free for a particular time prior to the accident.

It’s important to understand that most discounts do not apply to your bottom line cost. A few only apply to individual premiums such as liability and collision coverage. Even though the math looks like you can get free auto insurance, you won’t be that lucky.

Large insurance companies and some of their more popular discounts are:

  • Geico has discounts for military active duty, emergency military deployment, multi-policy, good student, five-year accident-free, and seat belt use.
  • Mercury Insurance may have discounts that include multi-car, age of vehicle, anti-theft, type of vehicle, good student, and location of vehicle.
  • Farmers Insurance may offer discounts for electronic funds transfer, homeowner, good student, bundle discounts, early shopping, multi-car, and alternative fuel.
  • Auto-Owners Insurance may include discounts for multi-policy, group or association, air bags, paperless, and company car.
  • Liberty Mutual includes discounts for safety features, multi-car, newly retired, teen driver discount, good student, and exclusive group savings.
  • SAFECO offers premium reductions for safe driver, teen safety rewards, multi-car, anti-lock brakes, bundle discounts, and homeowner.
  • Progressive offers discounts including online signing, continuous coverage, multi-vehicle, online quote discount, and multi-policy.
  • USAA discounts include defensive driver, safe driver, loyalty savings, annual mileage, military installation, family discount, and new vehicle.

If you need cheap car insurance quotes, ask all the companies what discounts are available to you. All car insurance discounts may not apply to policyholders everywhere. If you would like to choose from a list of insurers that offer multiple discounts, follow this link.

Tailor your auto insurance coverage to you

When buying proper insurance coverage, there really is no one size fits all plan. Every insured’s situation is different so this has to be addressed. For instance, these questions might help in determining if you may require specific advice.

  • Does my insurance cover my expensive audio equipment?
  • Can I still get insurance after a DUI?
  • At what point should I drop full coverage?
  • Is business property covered if stolen from my car?
  • Am I covered if I break a side mirror?
  • Are my friends covered when driving my car?
  • Does coverage extend to a rental car in a foreign country?
  • If my 2016 Lexus ES 350 is totaled, can I afford another vehicle?
  • Does liability extend to a camper or trailer?
  • Am I covered when driving on a suspended license?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Insurance policy coverages for a Lexus ES 350

Learning about specific coverages of your insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. These are the usual coverages found on the average insurance policy.

Liability car insurance

Liability coverage will cover damage that occurs to people or other property by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims such as repair bills for other people’s vehicles, funeral expenses, court costs, loss of income and pain and suffering. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.

Collision insurance

Collision insurance pays for damage to your ES 350 resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as driving through your garage door, colliding with another moving vehicle, hitting a parking meter and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for bills like hospital visits, funeral costs, surgery, EMT expenses and rehabilitation expenses. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and damage to your Lexus ES 350.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, a tree branch falling on your vehicle and damage from getting keyed. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Shop. Compare. Save.

While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced collision coverage and discovered at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage at the best price, but don’t skip important coverages to save money.

You just learned some good ideas how you can get a better price on 2016 Lexus ES 350 insurance. The most important thing to understand is the more you quote car insurance, the better your comparison will be. Drivers may discover the lowest rates are with some of the smallest insurance companies. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and Geico.

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