2016 Lexus RX 350 Car Insurance Cost

No normal person anticipates paying for insurance, in particular when they could lower their rates if they shopped around. With so many insurance providers from which to choose, it is very difficult to pick the most affordable insurance company.

How to shop auto insurance online

There are a lot of ways you can shop for auto insurance but there is one way that is easier and takes less work. You can spend your afternoon driving to local insurance agents in your area, or you can utilize online quotes to achieve your goal.

Many insurance companies are enrolled in a marketplace that enables customers to complete one form, and at least one company can provide price quotes based on that information. This prevents consumers from doing form submissions for every auto insurance company.

To enter your information into the quoting system, click here to open in new window.

The only drawback to using this type of system is you are unable to specify the providers to get pricing from. So if you want to select from a list of companies to compare rates, we have a listing of the cheapest auto insurance companies in your area. Click here to view list.

Whichever way you use, make sure you use the exact same coverages on every price quote you get. If you have different coverage information it’s impossible to make a fair comparison for your Lexus RX 350.

Four things that affect your insurance rates

Smart consumers have a good feel for the different types of things that play a part in calculating your premiums. If you have a feel for what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in cheaper rates.

Shown below are most of the major factors auto insurance companies consider when setting your rate level.

  • Employer stress can make you pay more – Did you know your occupation can influence how much you pay for auto insurance? Occupations such as lawyersair traffic controllers and dentists generally pay higher average rates because of stressful work requirements and lots of time spent at work. Conversely, professions such as professors, historians and retirees generally pay rates lower than average for RX 350 coverage.
  • Five star safety rating saves money – Vehicles that have high safety ratings cost less to insure. Highly rated vehicles reduce the chance of injuries and any reduction in injury severity means less claims paid and thus lower rates. If the Lexus RX 350 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
  • Don’t cancel your policy without a new one in place – Having an insurance coverage lapse will be a quick way to drive up your policy premiums. In addition to paying higher premiums, not being able to provide proof of insurance may earn you fines and jail time.
  • Policy add-ons may not be needed – Insurance companies have many optional add-on coverages that you can get tricked into buying on your RX 350 policy. Insurance for things like personal injury protection, accident forgiveness, and additional equipment coverage could be just wasting money. They may seem like a good idea when talking to your agent, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.

Save with with these discounts

The cost of insuring your cars can be expensive, but there may be some discounts that many people don’t even know exist. Some trigger automatically at the time of purchase, but some may not be applied and must be manually applied prior to getting the savings.

  • Multi-Vehicle Discounts – Drivers who insure multiple vehicles with one company could earn a price break for each car.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles have fewer accidents and therefore earn up to a 10% discount.
  • Online Discount – Many insurance companies will provide an incentive for completing your application digitally online.
  • Good Grades Discount – This discount can get you a discount of up to 25%. You can use this discount normally up until you turn 25.
  • Employee of Federal Government – Simply working for the federal government can save as much as 8% for RX 350 coverage depending on your company.
  • Driving Data Discount – Insureds that choose to allow their insurance company to study driving manner by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if they have good driving habits.
  • Distant College Student Discount – College-age children who live away from home to go to college and do not have access to a covered vehicle could qualify for this discount.

You can save money using discounts, but some of the credits will not apply to the entire cost. Most cut the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears it’s possible to get free car insurance, company stockholders wouldn’t be very happy.

A few popular companies and their possible discounts are outlined below.

  • State Farm may offer discounts for good driver, multiple autos, safe vehicle, driver’s education, multiple policy, and passive restraint.
  • Farmers Insurance discounts include distant student, electronic funds transfer, multi-car, homeowner, teen driver, alternative fuel, and youthful driver.
  • Progressive may include discounts for online quote discount, good student, multi-vehicle, continuous coverage, online signing, homeowner, and multi-policy.
  • Geico policyholders can earn discounts including military active duty, seat belt use, emergency military deployment, daytime running lights, multi-policy, and five-year accident-free.
  • Auto-Owners Insurance includes discounts for anti-lock brakes, good student, anti-theft, mature driver, student away at school, paperless, and safe vehicle.
  • The Hartford offers discounts including anti-theft, driver training, bundle, air bag, and good student.
  • Farm Bureau has savings for multi-policy, driver training, safe driver, 55 and retired, renewal discount, youthful driver, and multi-vehicle.
  • USAA offers discounts for loyalty savings, multi-vehicle, family discount, defensive driver, vehicle storage, safe driver, and driver training.

When quoting, ask all the companies the best way to save money. Some discounts may not apply in your area. To see a list of companies with the best discounts, click this link.

Your situation helps dictate your coverage

When it comes to choosing proper insurance coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions might point out if your situation will benefit from professional help.

  • Should I sign the liability waiver when renting a car?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I covered by my spouse’s policy after a separation?
  • Can my teen driver be rated on a liability-only vehicle?
  • Should I buy only the required minimum liability coverage?
  • Does my liability insurance cover pulling a trailer or camper?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What can I do if my company denied a claim?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

What insurance coverages do you need?

Having a good grasp of insurance helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average insurance policy.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Lexus RX 350.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages are identical to your policy’s liability coverage.

Liability coverages – Liability insurance provides protection from damage that occurs to people or other property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has 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 liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims such as loss of income, legal defense fees, pain and suffering and court costs. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Collision – Collision coverage pays for damage to your RX 350 caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as crashing into a building, colliding with a tree, colliding with another moving vehicle, rolling your car and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive insurance – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, vandalism, damage from flooding and a broken windshield. The most your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance kick in for expenses like chiropractic care, ambulance fees, prosthetic devices, EMT expenses and doctor visits. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

In Summary

We covered some good ideas how to reduce 2016 Lexus RX 350 insurance rates online. The key concept to understand is the more rate comparisons you have, the better likelihood of getting cheaper insurance. Drivers may discover the lowest rates are with a small local company. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Geico and State Farm.

When shopping online for car insurance, do not buy less coverage just to save a little money. There are too many instances where an accident victim reduced comprehensive coverage or liability limits and found out when filing a claim they didn’t have enough coverage. Your objective should be to purchase a proper amount of coverage at an affordable rate, but do not skimp to save money.

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