Lower Your 2018 Lexus ES 350 Insurance Rates

Scraping up a payment for pricey Lexus ES 350 insurance can dwindle your family’s budget and require stricter spending habits. Price shopping at each renewal is a great way to lower your bills every month.

You have multiple auto insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, it makes it harder to locate the cheapest rates.

Reduce your auto insurance rates with discounts

Some providers do not advertise every policy discount very clearly, so the below list has a few of the more common in addition to some of the lesser obvious ways to save on auto insurance. If you are not receiving all the discounts you deserve, you are not getting the best rate possible.

  • Online Discount – Certain insurance companies will give you a small discount for buying your policy on your computer.
  • Payment Discounts – By making one initial payment as opposed to paying monthly you can avoid the installment charge.
  • Savings for New Vehicles – Buying a new car instead of a used car may earn a small discount compared to insuring an older model.
  • Theft Deterent – Vehicles that have factory anti-theft systems are stolen less frequently and will qualify for a discount on a insurance quote.
  • No Charge for an Accident – but companies like State Farm and Geico will let one accident slide before your rates go up as long as you don’t have any claims for a specific time period.
  • Good Student Discount – A discount for being a good student can be rewarded with saving of up to 25%. Most companies allow this discount well after school through age 25.
  • Own a Home – Owning a home can save a few bucks because of the fact that having a home means you have a higher level of financial diligence.

A little disclaimer on discounts, most credits do not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, that’s just not realistic.

The best auto insurance companies and some of the premium reductions they offer include:

  • Geico discounts include air bags, good student, multi-vehicle, emergency military deployment, anti-lock brakes, defensive driver, and driver training.
  • Travelers has discounts for student away at school, driver training, hybrid/electric vehicle, payment discounts, good student, and IntelliDrive.
  • Nationwide includes discounts for business or organization, easy pay, accident-free, good student, and family plan.
  • Farmers Insurance may have discounts that include youthful driver, homeowner, teen driver, early shopping, and good student.
  • Esurance offers discounts for online quote, Switch & Save, anti-lock brakes, multi-car, online shopper, claim free, and emergency road assistance.
  • State Farm offers discounts including anti-theft, good driver, multiple autos, multiple policy, accident-free, and good student.
  • Progressive offers premium reductions for multi-policy, continuous coverage, online signing, multi-vehicle, online quote discount, and good student.
  • Mercury Insurance policyholders can earn discounts including age of vehicle, type of vehicle, low natural disaster claims, good driver, location of vehicle, ease of repair, and good student.

If you want inexpensive insurance quotes, ask every insurance company the best way to save money. Discounts may not be available in your area.

You are unique and your insurance coverage should be too

When it comes to choosing the best insurance coverage coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different so this has to be addressed. These are some specific questions may help highlight whether or not you might need an agent’s assistance.

  • Is my camper covered by my car insurance policy?
  • Do I get a pro-rated refund if I cancel my policy early?
  • When should I buy a commercial auto policy?
  • What is covered by UM/UIM coverage?
  • Am I covered if my car is in a flood?
  • Do I need higher collision deductibles?
  • Am I covered when driving on a suspended license?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Car insurance coverage basics

Having a good grasp of a car insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on the average car insurance policy.

Medical costs insurance

Coverage for medical payments and/or PIP pay for short-term medical expenses such as doctor visits, nursing services, X-ray expenses, hospital visits and surgery. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision insurance

This pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like scraping a guard rail, sustaining damage from a pot hole and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Auto liability insurance

This coverage will cover damage that occurs to people or other property in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

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 policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims such as structural damage, repair costs for stationary objects, medical services, court costs and attorney fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive or Other Than Collision

This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like fire damage, damage from getting keyed, falling objects, hitting a deer and vandalism. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

UM/UIM Coverage

This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Lexus ES 350.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Best coverage at the best price

Some insurance coverage companies may not have the ability to get quotes online and many times these small, regional companies prefer to sell through independent insurance agents. Affordable 2018 Lexus ES 350 insurance can be purchased both online and from local insurance agents, and you need to price shop both to have the best chance of lowering rates.

As you restructure your insurance plan, you should never buy poor coverage just to save money. There have been many cases where consumers will sacrifice liability coverage limits only to regret that it was a big mistake. Your goal is to buy enough coverage at the best cost, not the least amount of coverage.

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