How Much Does 2017 Lexus RC 300 Insurance Cost?

Do you get frustrated by the number of auto insurance sources that you can choose from? People have such a vast assortment of sources available that it can easily become a real difficult job to locate the lowest rates.

You should make it a habit to do price comparisons yearly because auto insurance prices change regularly. Despite the fact that you may have had the best quotes for RC 300 insurance on your last policy there is a good chance you can find better rates now. Ignore everything you know about auto insurance because you’re going to learn the best way to find better rates and still maintain coverage.

Discounts can really help save money

Not many people think insurance is cheap, but there could be available discounts that can drop the cost substantially. A few discounts will automatically apply at the time of purchase, but lesser-known reductions have to be asked about before they will apply.

  • Discounts for Government Workers – Simply working for the federal government may qualify for a discount when you quote insurance for RC 300 insurance with some insurance companies.
  • Include Life Insurance and Save – Select insurance carriers reward you with a discount if you purchase a life insurance policy as well.
  • Pay Upfront and Save – If you can afford to pay the entire bill rather than spreading payments over time you could save 5% or more.
  • Telematics Data – Policyholders that allow driving data submission to monitor when and where they use their vehicle by using a telematics device in their vehicle like Allstate’s Drivewise could see a rate decrease as long as they are good drivers.
  • Homeowners Savings – Owning a home may trigger a policy discount on insurance because owning a home requires a higher level of personal finance.
  • Mature Driver Discount – Seniors may qualify for a small discount on rates for RC 300 insurance.
  • New Vehicle Savings – Adding a new car to your policy can save you some money because newer models keep occupants safer.

A little disclaimer on discounts, most discount credits are not given to all coverage premiums. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, insurance companies aren’t that generous.

To view insurance companies with discount insurance rates, click this link.

Will just any policy work for me?

When choosing the right insurance coverage, there really is no single plan that fits everyone. Every situation is different.

Here are some questions about coverages that might point out if you would benefit from an agent’s advice.

  • Does my 2017 Lexus RC 300 need full coverage?
  • Why do I need rental car insurance?
  • Am I covered if I hit a deer?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • What are the best liability limits?
  • Is my Lexus RC 300 covered if I use it for business?
  • Can I still get insurance after a DUI?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form.

The ad said I’d save $440 a year!

Well-known insurance companies like Allstate, Geico and Progressive seem to constantly run television and radio advertisements. They all state the claim that drivers will save a bundle after switching your insurance policy to them. How is it possible that every company can charge lower premium rates?

Insurance companies have specific criteria for the type of insured that earns them the highest profit. An example of this type of insured may need to be over the age of 35, has no prior claims, and drives a vehicle with a low ISO rating. A customer who meets those qualifications will get a cheap rate quote as well as pay quite a bit less when switching companies.

Potential customers who don’t meet this ideal profile will get a higher premium and this results in the prospect going elsewhere. The trick companies use is to say “drivers who switch” not “everybody who quotes” save the amount stated. That is how insurance companies can confidently advertise the way they do. Because of the profiling, it’s extremely important to get insurance quotes as often as possible. Because you cannot predict which company will have the best car insurance rates for your profile.

Specific coverages for a 2017 Lexus RC 300

Knowing the specifics of a auto insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Collision insurance

Collision coverage pays for damage to your RC 300 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things like rolling your car, colliding with a tree and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible to save money on collision insurance.

Comprehensive coverages

This covers 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 insurance covers things like fire damage, a broken windshield and theft. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for injuries to you and your family as well as damage to your Lexus RC 300.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for short-term medical expenses like chiropractic care, nursing services, prosthetic devices and funeral costs. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability insurance can cover injuries or damage you cause to other’s property or people that is your fault. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers things like court costs, bail bonds and emergency aid. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Quote more, save more

Lower-priced car insurance can be purchased both online and from local agencies, so you need to quote insurance with both in order to have the best chance of saving money. Some insurance companies do not provide online quoting and most of the time these smaller providers provide coverage only through independent insurance agents.

As you prepare to switch companies, never reduce needed coverages to save money. In many cases, an insured dropped liability coverage limits only to discover later they didn’t have enough coverage. Your aim should be to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

People switch companies for a variety of reasons including delays in paying claims, policy non-renewal, being labeled a high risk driver or even delays in responding to claim requests. Regardless of your reason, finding a great new company is not as difficult as it may seem.

Additional information