Compare 2011 Lexus RX 350 Insurance Rates

Want cheaper insurance rates for your Lexus RX 350? Nobody likes paying for insurance, particularly when they are paying too much.

Because there are so many insurance providers from which to choose, it can be challenging to locate the cheapest company.

Choosing the best insurance company for you is not that difficult. Just about everyone who carries insurance coverage should be able to find better rates. Although vehicle owners need to learn the way insurance companies price online insurance and use this information to your advantage.

Lexus RX 350 rate determination is complex

An important part of buying insurance is that you know the rating factors that come into play when calculating the rates you pay for insurance. Understanding what impacts premium levels helps enable you to make changes that can help you get better insurance rates.

  • Poor credit can mean higher rates – Having a bad credit score is a large factor in calculating your insurance rates. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers who have lower credit scores. If your credit history is low, you could pay less to insure your 2011 Lexus RX 350 by repairing your credit.
  • Discounts for married couples – Having a wife or husband can actually save you money when buying insurance. Marriage means you’re more mature than a single person and statistics show drivers who are married are more cautious.
  • Men pay higher rates – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Men and women are in accidents at about the same rate, but men tend to have more serious accidents. Men also get more serious tickets such as reckless driving.
  • Don’t buy coverages you don’t need – There are a ton of additional coverages you can purchase on your RX 350 policy. Coverages like vanishing deductibles, better glass coverage and term life insurance are examples of these. These may sound like a good investment initially, but if they’re wasting money get rid of them and save.
  • Safe vehicles cost less to insure – Vehicles with high crash test scores can get you lower premiums. Safer cars have better occupant injury protection and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates. If your Lexus earned at least four stars on or an “acceptable” rating on it is probably cheaper to insure.
  • Liability coverage protects you – Liability coverage is the protection if ever you are found liable for causing damage or personal injury in an accident. It will provide legal defense coverage which can be incredibly expensive. This coverage is very inexpensive when compared with rates for comp and collision, so do not skimp.
  • Your age impacts your rates – Young drivers have a tendency to be more careless behind the wheel so insurance rates are higher. Parents adding a teen driver onto your insurance can break the bank. Older drivers are viewed as being more responsible, tend to file fewer claims and get fewer tickets.
  • Allowing your policy to lapse raises rates – Driving with no insurance can get your license suspended and you will pay a penalty because you let your insurance lapse. And not only will insurance be more expensive, but being ticketed for driving with no insurance may earn you a hefty fine and possibly a revoked license.

How much can you save with discounts?

Companies don’t necessarily list every discount very clearly, so the following is a list of some of the more common and also the lesser-known savings tricks you should be using.

  • Paperwork-free – Some insurance companies may give you up to $50 just for signing your application digitally online.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same insurance coverage policy qualifies for this discount.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% for RX 350 coverage with a few insurance coverage companies.
  • Student in College – Children who are attending college and don’t have a car can be insured at a reduced rate.
  • Claim Free – Drivers who don’t have accidents pay less when compared to frequent claim filers.
  • Drive Less and Save – Keeping the miles down on your Lexus can qualify you for a substantially lower rate.
  • Save over 55 – If you’re over the age of 55, you can possibly qualify for a discount up to 10% for RX 350 coverage.
  • Seat Belts Save – Requiring all passengers to wear their seat belts can save up to 15% off the personal injury premium cost.

It’s important to note that some of the credits will not apply to the entire cost. Some only apply to specific coverage prices like comp or med pay. Just because you may think having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous.

To see a list of insurers offering insurance coverage discounts, click here to view.

Do you really save 40% when you switch?

Companies like State Farm, GEICO and Progressive regularly use television and radio advertisements. All the ads make the same claim about savings if you move to their company. But how can every company claim to save you money?

All the different companies have a preferred profile for the driver that earns them a profit. For example, a desirable insured might be profiled as between the ages of 40 and 55, insures multiple vehicles, and has great credit. Any new insured who meets those qualifications will qualify for the lowest rates and is almost guaranteed to cut their rates substantially.

Potential insureds who are not a match for the “perfect” profile will be charged higher prices which leads to the customer not buying. The ad wording is “people who switch” not “everybody who quotes” save that kind of money. That’s why companies can truthfully state the savings. That is why it is so important to get as many quotes as possible. It is impossible to predict the company that will fit your personal profile best.

How much car insurance do I need?

When it comes to buying adequate coverage, there really is not a cookie cutter policy. Every situation is different and your policy should reflect that. Here are some questions about coverages that might point out if your insurance needs might need an agent’s assistance.

  • Do I really need UM/UIM coverage?
  • When do I need to add a new car to my policy?
  • Does my policy cover my teen driver if they drive my company car?
  • Can I get a multi-policy discount?
  • Is business property covered if stolen from my car?
  • Can I afford to pay high deductible claims out of pocket?
  • How much liability do I need to cover my assets?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Detailed coverages of your insurance policy

Knowing the specifics of insurance can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Listed below are typical coverages found on the average insurance policy.

Comprehensive coverage

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like vandalism, hitting a bird and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability auto insurance

This will cover damage or injury you incur to other’s property or people by causing an accident. It protects you against other people’s claims. 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. You might see liability 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 a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims like legal defense fees, bail bonds, attorney fees and medical services. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Collision coverage

This coverage will pay to fix damage to your RX 350 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as sustaining damage from a pot hole, hitting a parking meter, sideswiping another vehicle and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your 2011 Lexus RX 350.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like rehabilitation expenses, nursing services and prosthetic devices. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Have the Midas touch

Lower-priced 2011 Lexus RX 350 insurance is possible from both online companies in addition to many insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers do not provide online quoting and many times these small, regional companies only sell through independent insurance agents.

We just presented quite a bit of information on how to reduce insurance prices online. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. You may even discover the best price on insurance coverage is with a smaller regional carrier. Some small companies may only write in your state and offer lower rates than their larger competitors like Progressive or GEICO.

As you restructure your insurance plan, make sure you don’t skimp on coverage in order to save money. Too many times, someone sacrificed liability coverage limits and discovered at claim time that they should have had better coverage. The ultimate goal is to find the BEST coverage at the best price.

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