Cheaper 2013 Lexus ES 350 Insurance Rates

Want better auto insurance rates for your Lexus ES 350? Paying for high-priced Lexus ES 350 insurance can dwindle your personal savings and force you to make sacrifices. Shopping your coverage around is free and is an excellent way to help make ends meet. Online insurance companies like Geico, 21st Century and Progressive all claim big savings with catchy ads and it can be hard to sift through the bull and do the work needed to find the best deal.

It’s a good habit to shop coverage around periodically because rates change frequently. Despite the fact that you may have had the lowest rates for ES 350 coverage a few years ago you can probably find a better price now. Ignore everything you know about auto insurance because you’re about to find out the easiest way to buy cheaper auto insurance.

Factors that can influence Lexus ES 350 insurance rates

Smart consumers have a good feel for some of the elements that go into determining the price you pay for insurance. Knowing what controls the rates you pay empowers consumers to make smart changes that may reward you with better insurance rates.

Listed below are a partial list of the pieces used by your company to calculate rates.

  • Save money with special equipment – Driving a car with anti-theft technology or alarm system can get you a discount on your insurance. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your car from being stolen.
  • Teen drivers pay high rates – More mature drivers are more responsible, statistically cause fewer accidents and receive fewer citations. Youthful drivers are known to be careless and easily distracted when driving and because of this, their insurance rates are much higher.
  • Protect your assets with liability insurance – Your policy’s liability coverage is the protection if a court rules you are at fault for personal injury or accident damage. Liability insurance provides you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not cut corners here.
  • Lower miles equals lower premium – The more you drive in a year the more you will pay for insurance. Almost all companies rate vehicles based on their usage. Cars and trucks not used for work or commuting get more affordable rates as compared to vehicles used primarily for driving to work. If your policy improperly rates your ES 350 may be wasting your money. Ask your agent if your insurance policy is rated on the correct driver usage.
  • Marriage pays dividends – Getting married actually saves money when buying insurance. Having a significant other means you’re more responsible and it’s statistically proven that married drivers get in fewer accidents.

Cut your auto insurance rates with discounts

Companies don’t always list all their discounts very well, so we researched both the well known and also the lesser-known ways to save on auto insurance. If you don’t get every credit possible, you are paying more than you should be.

  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates for ES 350 coverage than drivers with accidents.
  • Senior Discount – Older drivers may receive a discount up to 10% for ES 350 coverage.
  • Government Employees – Employees or retirees of the government can save as much as 8% for ES 350 coverage with a few auto insurance companies.
  • Homeowners Pay Less – Owning a house can help you save on auto insurance due to the fact that maintaining a home requires personal responsibility.
  • Pay Upfront and Save – If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
  • Defensive Driving Course – Taking a course teaching defensive driving skills could cut 5% off your bill if you qualify.
  • Good Student Discount – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
  • Auto/Home Discount – When you combine your home and auto insurance with the same insurance company you may save up to 20% off your total premium.
  • Sign Online – Some insurance companies will give a small break for buying your policy digitally online.

It’s important to note that most of the big mark downs will not be given to the entire policy premium. Most only reduce individual premiums such as liability, collision or medical payments. Just because you may think you could get a free auto insurance policy, auto insurance companies aren’t that generous.

To see a list of insurers who offer auto insurance discounts, click here to view.

Is there deception in advertising?

Consumers can’t get away from ads that promise big savings from the likes of State Farm, Allstate and Geico. They all seem to have a common claim that you can save after switching your coverage to them.

How does each company make the same claim?

Insurance companies have a certain “appetite” for the type of customer that makes them money. For example, a profitable customer could possibly be between 25 and 40, a clean driving record, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile is entitled to the best price and as a result will probably save when switching.

Consumers who don’t meet these standards will have to pay higher premiums which usually ends up with the driver buying from a lower-cost company. The ads say “customers who switch” but not “drivers who get quotes” save that much money. That is how companies can claim big savings. Because of the profiling, drivers must get as many comparisons as possible. It is impossible to predict which auto insurance company will have the lowest Lexus ES 350 insurance rates.

You are unique and your insurance coverage should be too

When buying adequate coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every situation is different so this has to be addressed. For example, these questions may help highlight if you would benefit from professional advice.

  • Are all vehicle passengers covered by medical payments coverage?
  • Are my friends covered when driving my 2013 Lexus ES 350?
  • Should I sign the liability waiver when renting a car?
  • Which companies will insure high-risk drivers?
  • Do I need special endorsements for business use of my vehicle?
  • Are my tools covered if they get stolen from my vehicle?
  • Is my dog or cat covered if injured in an accident?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Coverages available on your insurance policy

Learning about specific coverages of a insurance policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be confusing and reading a policy is terribly boring. Below you’ll find the usual coverages offered by insurance companies.

Comprehensive coverages – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from flooding, fire damage, a tree branch falling on your vehicle, hitting a bird and rock chips in glass. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as EMT expenses, prosthetic devices, dental work, doctor visits and hospital visits. They are often used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Collision – This coverage pays for damage to your ES 350 from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things like crashing into a building, rolling your car, hitting a mailbox, hitting a parking meter and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – This provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Lexus ES 350.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Coverage for liability – Liability insurance protects you from damage that occurs to other people or property. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability insurance covers things like structural damage, legal defense fees, pain and suffering and funeral expenses. How much liability should you purchase? That is your choice, but consider buying as much as you can afford.

Shop Smart and Save

When trying to cut insurance costs, you should never buy less coverage just to save a little money. There are too many instances where drivers have reduced liability limits or collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to get the best coverage possible at a price you can afford.

The cheapest 2013 Lexus ES 350 insurance is possible online in addition to many insurance agents, and you should compare price quotes from both to have the best rate selection. Some companies do not provide the ability to get a quote online and these small insurance companies work with independent agents.

We’ve covered a lot of techniques to get a better price on insurance. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. You may even discover the biggest savings come from a company that doesn’t do a lot of advertising. Some small companies may have significantly lower rates on certain market segments than their larger competitors like Allstate or State Farm.

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