How Much Does 2016 Lexus RX 350 Insurance Cost?

Want lower insurance coverage rates for your Lexus RX 350? Trying to find low-cost insurance for a Lexus RX 350 could be a painful process, but you can learn a few tricks to find lower rates. There are both good and bad ways to buy insurance coverage and you need to know the proper way to compare rates for a new or used Lexus and obtain the lowest possible price either online or from local insurance agents.

It’s smart to check insurance coverage prices at least once a year because insurance rates change regularly. Just because you found the best price for RX 350 coverage six months ago you may be paying too much now. Starting now, forget all the misinformation about insurance coverage because it’s time to teach you how to quote online to find lower rates on insurance coverage.

Lexus RX 350 insurance rates consist of many parts

It’s important that you understand the different types of things that go into determining the price you pay for auto insurance. Understanding what impacts premium levels helps enable you to make changes that can help you get better auto insurance rates.

  • Do you work long hours in a high stress job? – Careers like lawyers, social workers and accountants tend to pay higher rates than average in part from high stress and lots of time spent at work. On the flip side, occupations like actors, athletes and the unemployed have the lowest average rates for RX 350 coverage.
  • Having a spouse can save you money – Getting married can get you a discount when buying auto insurance. Marriage means you’re more mature than a single person and statistics show married couples file fewer claims.
  • Careful drivers pay lower rates – Only having one moving violation can boost insurance rates forty percent or more. Careful drivers tend to pay less for car insurance than people who have multiple driving citations. Drivers with severe tickets like reckless driving, hit and run or driving under the influence are required to submit a SR-22 form with the DMV in their state in order to drive a vehicle legally.
  • Extra coverages can waste money – There are a ton of add-on coverages you can purchase if you aren’t careful. Things like vanishing deductibles, better glass coverage and additional equipment coverage may be wasting your money. They may seem good when you first buy your policy, but now you might not need them so remove them from your policy.

Insurance Prices Online

Lowering your 2016 Lexus RX 350 insurance rates is not a difficult process. All that’s required is to take the time comparing rates from different insurance companies. This is very easy and can be done in a couple of different ways.

  • The first (and easiest) way to get the best comparison quotes is a comparison rater form click to view form in new window. This method saves time by eliminating separate quotation requests for each company you want a rate for. Completing one form gets you coverage quotes direct from many companies. This is by far the quickest method.
  • Another way to shop for insurance online is going to the website for each individual company and request a quote. For sake of this example, let’s assume you want to compare Liberty Mutual, Safeco and GMAC. You would have to go to every website and enter your information, and that’s why the first method is more popular.

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

Whichever method you choose, ensure you’re using identical deductibles and coverage limits on every quote you get. If you use different limits and deductibles on each one it will be impossible to truly determine the lowest rate.

Can you really save $453 a year?

Consumers get pounded daily by advertisements for the lowest price auto insurance by companies like Allstate, Geico and Progressive. They all seem to have a common claim that you’ll save big if you move to them.

How can each company make the same claim? This is how they do it.

All the different companies have a preferred profile for the driver they prefer to insure. An example of a driver they prefer might be over the age of 50, insures multiple vehicles, and has a short commute. A propective insured that hits that “sweet spot” will get very good rates and most likely will pay quite a bit less when switching companies.

Drivers who don’t meet the “perfect” profile will be charged higher rates and ends up with the driver buying from a lower-cost company. The ads say “customers who switch” not “everybody who quotes” save that kind of money. That’s the way companies can truthfully make the claims of big savings. That is why drivers should get quotes from several different companies. It is impossible to predict the company that will have the lowest Lexus RX 350 insurance rates.

Don’t miss these discounts

Companies do not advertise all available discounts in a way that’s easy to find, so we break down some of the more common as well as the least known discounts you could be receiving. If you aren’t receiving every discount you deserve, you’re paying more than you need to.

  • Passive Restraints – Vehicles with factory air bags or motorized seat belts may earn rate discounts of up to 25% or more.
  • Use Seat Belts – Requiring all passengers to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Early Switch Discount – Some insurance companies reward drivers for signing up before your current policy expires. It’s a savings of about 10%.
  • Senior Discount – Mature drivers can possibly qualify for a small decrease in premiums for RX 350 coverage.
  • Discount for New Cars – Insuring a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • College Student – Children who live away from home and do not have access to a covered vehicle may be able to be covered for less.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive and will save you 10% or more.
  • Driver Safety – Successfully completing a driver safety course could cut 5% off your bill depending on where you live.

It’s important to understand that some of the credits will not apply the the whole policy. A few only apply to the price of certain insurance coverages like medical payments or collision. Just because it seems like it’s possible to get free car insurance, you won’t be that lucky.

Car insurance companies that may offer these benefits are:

It’s a good idea to ask each insurance company which discounts they offer. Savings may not apply everywhere.

When might I need help?

When choosing proper insurance coverage, there isn’t really a one size fits all plan. Everyone’s situation is unique.

Here are some questions about coverages that may help you determine if your situation might need professional guidance.

  • At what point should I drop full coverage?
  • Should I buy only the required minimum liability coverage?
  • Can my teen drive my company car?
  • Do I need an umbrella policy?
  • How can I get my company to pay me more for my totalled car?
  • Are all vehicle passengers covered by medical payments coverage?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form. It’s fast, free and may give you better protection.

Specific coverage details

Knowing the specifics of your insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Coverage for liability

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

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims such as structural damage, attorney fees and medical expenses. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

Comprehensive coverage (or Other than Collision)

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like rock chips in glass, damage from a tornado or hurricane, hail damage, hitting a bird and a tree branch falling on your vehicle. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for collisions

This pays for damage to your RX 350 caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as hitting a parking meter, driving through your garage door, sideswiping another vehicle, damaging your car on a curb and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as chiropractic care, EMT expenses, dental work, prosthetic devices and hospital visits. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Lexus RX 350.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Cheaper insurance is a realistic goal

Drivers change insurance companies for any number of reasons including denial of a claim, poor customer service, not issuing a premium refund and questionable increases in premium. Regardless of your reason for switching companies, switching companies is pretty simple and you could end up saving a buck or two.

Low-cost 2016 Lexus RX 350 insurance is definitely available online and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance coverage companies may not provide the ability to get a quote online and most of the time these small, regional companies sell through independent agents.

When shopping online for insurance coverage, you should never buy poor coverage just to save money. There are many occasions where an insured dropped full coverage and found out when filing a claim that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

Additional information can be found on the following sites: