Cheap 2010 Lexus RX 350 Insurance Rates

Searching for lower insurance rates for your Lexus RX 350? Feel like you’re a prisoner to high-priced insurance? Trust us, there are many consumers feeling the pinch from expensive insurance.

You have multiple insurance companies to buy insurance from, and even though it’s nice to have a selection, lots of choices makes it harder to compare rates and find the lowest cost insurance.

How to Compare Car Insurance Costs

There are several ways of comparing price quotes from local car insurance companies. The easiest way by far to find competitive 2010 Lexus RX 350 insurance rates consists of shopping online. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. One of the simplest ways consumers can make multiple comparisons is to use a rate comparison form click to view form in new window. This easy form keeps you from doing separate quote forms to each individual car insurance company. A single, simple form will get you price quotes from multiple companies.
  2. A less efficient way to shop for car insurance online is to manually visit the website of each company to complete a price quote. For sake of this example, let’s say you want comparison quotes from Farmers, Geico and American Family. To find out each rate you need to take the time to go to each site to input your insurance information, and that’s why the first method is more popular.

    For a list of links to companies insuring cars in your area, click here.

  3. The least efficient way to get comparison rates is driving around to and from local insurance agencies. The internet can eliminate the need for a local agent unless you prefer the professional advice of a local agent. Drivers can price shop your coverage online but buy from a local insurance agent and we’ll cover that in a bit.

Which method you use is up to you, but compare identical coverage limits and deductibles on every quote you get. If you compare unequal deductibles or liability limits it will be next to impossible to truly determine the lowest rate. Quoting even small variations in coverages can result in a big premium difference. And when quoting car insurance, remember that more quotes helps locate lower pricing.

Policy discounts you shouldn’t miss

Companies don’t always list all available discounts very clearly, so we took the time to find some of the more common and the more hidden ways to save on insurance coverage.

  • Student in College – Children living away from home attending college without a vehicle on campus may qualify for this discount.
  • Payment Method – By paying your policy upfront instead of making monthly payments you may reduce your total bill.
  • Club Memberships – Being a member of a professional or civic organization may earn a discount when shopping for insurance coverage for RX 350 coverage.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
  • E-sign – Some insurance companies give back up to $50 just for signing your application digitally online.
  • Multiple Policy Discount – If you have multiple policies with one insurance company you will save at least 10% off all policies.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like comprehensive or collision. Just because you may think it’s possible to get free car insurance, you won’t be that lucky.

Car insurance companies that may have some of the above discounts include:

Check with each company which discounts they offer. Discounts might not be offered everywhere.

Insurance agents can help

When 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 a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if you could use an agent’s help.

  • Is motorclub coverage worth it?
  • What is medical payments coverage?
  • Do I need rental car coverage?
  • Will my insurance pay for OEM parts?
  • What if I total my 2010 Lexus RX 350 and owe more than it’s worth?
  • Does coverage extend to a rental car in a foreign country?
  • Do I need added coverage for expensive stereo equipment?
  • How can I force my company to pay a claim?
  • When should I buy a commercial auto policy?
  • Does insurance cover tools stolen from my truck?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area.

Lexus RX 350 premiums are determined by many factors

Smart consumers have a good feel for some of the elements that go into determining your car insurance rates. When you know what positively or negatively impacts premium levels helps enable you to make changes that could result in lower car insurance prices.

  • Do you work long hours in a high stress job? – Did you know your job can affect your rates? Occupations such as doctors, social workers and stock brokers tend to pay the highest rates in part from stressful work requirements and lots of time spent at work. On the other hand, occupations such as scientists, students and homemakers have the lowest average rates for RX 350 coverage.
  • How your age affects price – Teenage drivers tend to get distracted easily when driving so they pay higher car insurance rates. Adding a teen driver to your policy can break the bank. More mature drivers are more responsible, tend to file fewer claims and are safer drivers.
  • Car features impact rates – Purchasing a vehicle that has an advanced theft prevention system can get you a discount on your car insurance. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping your vehicle from being stolen.
  • Don’t buy coverages you don’t need – There are a ton of extra bells and whistles you can purchase on your car insurance policy. Coverages for rental car reimbursement, better glass coverage and term life insurance are some examples. They may seem like a good idea initially, but if they’re wasting money eliminate them to save money.

Can you really save that much by switching?

Companies like Geico, State Farm and Progressive consistently run ads in print and on television. All the ads make an identical promise that you can save if you change to them. How do they all say the same thing? It’s all in the numbers.

All companies have a preferred profile for the type of customer that is profitable for them. A good example of a profitable customer could be over the age of 50, a clean driving record, and has great credit. Any driver that hits that “sweet spot” will get the preferred rates and therefore will cut their rates substantially.

Drivers who are not a match for this ideal profile must pay higher prices which usually ends up with business going elsewhere. The ads say “people who switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can truthfully make those claims. This illustrates why it is so important to compare many company’s rates. You cannot predict the company that will fit your personal profile best.

Detailed coverages of your auto insurance policy

Knowing the specifics of your policy can be of help when determining the best coverages and proper limits and deductibles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording. These are typical coverages offered by auto insurance companies.

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Lexus RX 350.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Auto liability

Liability coverage will cover damage that occurs to a person or their property. It protects YOU against other people’s claims, and does not provide coverage for 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. As an example, you may have policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers things like emergency aid, structural damage and medical expenses. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage protection

This coverage covers damage to your RX 350 from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as crashing into a building, rolling your car and backing into a parked car. This coverage can be expensive, so consider dropping it from older vehicles. You can also increase the deductible to bring the cost down.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like pain medications, hospital visits, surgery, doctor visits and nursing services. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as hitting a bird, theft, a tree branch falling on your vehicle and vandalism. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

A penny earned…

Throughout this article, we presented a lot of tips how to get a better price on 2010 Lexus RX 350 insurance. It’s most important to understand that the more times you quote, the better your comparison will be. Drivers may discover the lowest premiums are with some of the smallest insurance companies. They often have lower prices on specific markets than their larger competitors like State Farm, Geico and Nationwide.

As you prepare to switch companies, it’s very important that you do not sacrifice coverage to reduce premiums. In many cases, someone sacrificed liability coverage limits only to regret that the small savings ended up costing them much more. The proper strategy is to buy the best coverage you can find at a price you can afford while still protecting your assets.

Affordable insurance can be found from both online companies and also from your neighborhood agents, so compare prices from both so you have a total pricing picture. Some insurance coverage companies may not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

More tips and info about insurance coverage can be read by following these links: