How Much Does 2014 Lexus RX 350 Car Insurance Cost?

Are you sick and tired of robbing Peter to pay Paul each month for car insurance? You are no different than most other car owners. You have so many insurance companies to buy insurance from, and although it’s nice to have multiple companies, it can be more difficult to find the best rates.

Finding affordable coverage is not rocket science. If you have a current car insurance policy or are just looking to switch companies, you will benefit by learning to shop for the lowest rates while maintaining coverages. Drivers just need to understand the proper methods to compare price quotes over the internet.

Do you qualify for a discount?

Car insurance companies don’t always publicize all available discounts in a way that’s easy to find, so we break down both well-publicized and also the lesser-known savings tricks you should be using. If you aren’t receiving every discount available, you are throwing money away.

  • Claim Free – Drivers with accident-free driving histories can earn big discounts as compared to bad drivers.
  • Auto/Home Discount – When you have multiple policies with the same insurance company you will save at least 10% off all policies.
  • Driver Safety – Successfully completing a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes prevent accidents and therefore earn up to a 10% discount.
  • No Charge for an Accident – A few companies permit an accident without raising rates as long as you don’t have any claims for a set time period.
  • Homeowners Pay Less – Being a homeowner can save you money because owning a home requires personal responsibility.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.

Consumers should know that some credits don’t apply to the entire policy premium. Most only apply to the price of certain insurance coverages like comprehensive or collision. Just because you may think adding up those discounts means a free policy, companies don’t profit that way.

A partial list of companies that possibly offer these money-saving discounts are:

It’s a good idea to ask all companies you are considering which discounts you may be entitled to. Savings might not apply in your state.

Elements that influence Lexus RX 350 insurance rates

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for car insurance. Knowing what controls the rates you pay allows you to make educated decisions that will entitle you to lower car insurance prices.

  • Discounts for multiple policies – The majority of insurance companies will give a discount to people who carry more than one policy. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even if you’re getting this discount you may still want to comparison shop to ensure the best deal.
  • Rates may be higher depending on your occupation – Occupations such as real estate brokers, business owners and dentists tend to pay the highest average rates due to job stress and lots of time spent at work. Other occupations like scientists, historians and the unemployed have the lowest average rates on RX 350 coverage.
  • More miles equals more premium – Driving more miles each year the more you will pay for car insurance. Most insurance companies price each vehicle’s coverage determined by how the vehicle is used. Autos used primarily for pleasure use can get a lower rate than those used for commuting. If your policy improperly rates your RX 350 can result in significantly higher rates. Double check that your car insurance coverage is rated on the proper vehicle usage, because it can save money.
  • Teen drivers pay high rates – Teen drivers are known to be careless and easily distracted when behind the wheel so they pay higher car insurance rates. Older insureds are more cautious drivers, file fewer claims and receive fewer citations.
  • Don’t skimp on liability – Liability coverage is the coverage that protects you when you are found liable for causing damage or personal injury in an accident. Liability provides legal defense which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should carry high limits.
  • Marriage pays dividends – Having a spouse can get you a discount when buying car insurance. Having a significant other means you’re more mature it has been statistically shown that married drivers get in fewer accidents.
  • Safer cars cost less to insure – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates. If your Lexus earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

What coverages do I need?

When buying the best insurance coverage coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that may help highlight whether or not you will benefit from professional help.

  • When should I not file a claim?
  • Does medical payments coverage apply to all occupants?
  • Am I covered when driving a rental car?
  • How many claims can I have before being cancelled?
  • Is my babysitter covered when using my vehicle?
  • Can I rate high risk drivers on liability-only vehicles?
  • What vehicles should carry emergency assistance coverage?
  • How high should deductibles be on a 2014 Lexus RX 350?
  • Are there companies who specialize in insuring high-risk drivers?
  • How high should my medical payments coverage be?

If you don’t know the answers to these questions but one or more may apply to you 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 only takes a few minutes and may give you better protection.

Insurance coverage basics

Having a good grasp of insurance aids in choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types available from insurance companies.

Comprehensive or Other Than Collision

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

Comprehensive insurance covers things like theft, damage from flooding, hail damage and fire damage. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability coverage

Liability coverage protects you from injuries or damage you cause to other people or property in an accident. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims such as repair costs for stationary objects, pain and suffering, legal defense fees, repair bills for other people’s vehicles and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Collision coverage

Collision coverage covers damage to your RX 350 resulting from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like backing into a parked car, damaging your car on a curb and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to get cheaper collision coverage.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for bills such as pain medications, hospital visits, nursing services, rehabilitation expenses and funeral costs. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your 2014 Lexus RX 350.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

A little work can save a LOT of money

Lower-priced 2014 Lexus RX 350 insurance is available online and with local insurance agents, so you should compare both in order to have the best chance of saving money. Some companies do not offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

We just showed you many ideas to shop for insurance online. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. Drivers may discover the best prices are with the least-expected company. These smaller insurers may have significantly lower rates on certain market segments than their larger competitors like Progressive or Geico.

As you prepare to switch companies, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to get the best coverage possible at the best price while still protecting your assets.

Additional insurance coverage information can be read at these links: