How Much Does 2014 Lexus RX 350 Insurance Cost?

I can’t think of anyone who enjoys paying for insurance, in particular when the price is too high.

Many auto insurance companies vie for your insurance dollar, so it can be very hard to choose a provider and get the best coverage at the best rates possible.

If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using this information. Finding affordable coverage is not rocket science. But car owners benefit from understanding the methods companies use to price online insurance and take advantage of how the system works.

The fastest way that we advise to compare insurance rates in your area is to know the trick most of the bigger providers actually pay money for the chance to provide you with free rate quotes. All you need to do is take a few minutes to give details including how your vehicles are used, coverage limits, any included safety features, and daily mileage. That rating information is automatically sent to many different companies and you receive quotes very quickly.

To get price quotes for your 2014 Lexus RX 350, click here and enter your coverage details.

Cut your premium with discounts

Car insurance is not cheap, buy you may qualify for discounts that you may not even be aware of. Some discounts apply automatically at quote time, but some may not be applied and must be asked about prior to getting the savings.

  • Seat Belt Usage – Requiring all passengers to buckle their seat belts can save up to 15% off the personal injury premium cost.
  • Anti-theft System – Anti-theft and alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Auto/Home Discount – When you combine your home and auto insurance with the same company you could get a discount of up to 20% off your total premium.
  • Claim Free – Claim-free drivers can earn big discounts when compared with bad drivers.
  • Multi-car Discount – Buying insurance for more than one vehicle on the same car insurance policy could earn a price break for each car.
  • Distant Student – Any of your kids who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.

It’s important to understand that some of the credits will not apply to all coverage premiums. A few only apply to individual premiums such as medical payments or collision. Even though it may seem like you can get free auto insurance, you’re out of luck. Any amount of discount will cut the cost of coverage.

For a list of insurance companies with discount car insurance rates, click this link.

What is the best insurance coverage?

When buying the best car insurance coverage for your personal vehicles, there is no one size fits all plan. Everyone’s needs are different so your insurance should reflect that For example, these questions might help in determining whether or not you would benefit from professional advice.

  • Do I have coverage if my license is suspended?
  • Do I need higher collision deductibles?
  • Is my dog or cat covered if injured in an accident?
  • How can I get my company to pay me more for my totalled car?
  • Is motorclub coverage worth it?
  • How do I file an SR-22 for a DUI in my state?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of car insurance companies in your area.

Lexus RX 350 rate determination is complex

It’s important that you understand the different types of things that go into determining the price you pay for insurance coverage. Knowing what determines base rates empowers consumers to make smart changes that could result in big savings.

  • More people means more accidents – Living in small towns and rural areas is a positive aspect when talking about insurance coverage. Less people living in that area means fewer accidents and a lower car theft rate. Urban drivers have more traffic problems and much longer commute distances. More time commuting translates into higher accident risk.
  • Men pay higher rates – Statistics have proven women tend to be less risk to insure than men. That doesn’t necessarily mean that women are better drivers. Both sexes are in accidents at a similar rate, but the male of the species cause more damage. Men also tend to get more serious tickets such as reckless driving. Young males are several times more likely to be in an accident and therefore have the most expensive insurance coverage rates.
  • Credit scores impact insurance coverage rates – Your credit history is a important factor in determining what you pay for insurance coverage. If your credit is not that good, you could save money insuring your 2014 Lexus RX 350 by improving your rating. People with high credit scores tend to be more responsible as compared to drivers with lower credit scores.
  • Bundling policies can get discounts – Some insurance coverage companies give discounts to customers who carry more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, you may still want to compare rates to confirm you are receiving the best rates possible. Drivers may still find better rates by buying insurance from more than one company.
  • Liability coverage is cheap – Liability coverage is the protection if you are found to be at fault for personal injury or accident damage. It provides you with a defense in court starting from day one. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not cut corners here.

The fine print in insurance ads

Companies like GEICO, State Farm and Progressive constantly bombard you with ads on television and other media. All the ads say the same thing that you can save if you switch to them. But how can every company make almost identical claims? It’s all in the numbers.

All companies can use profiling for the type of driver that earns them a profit. For instance, a driver they prefer might be profiled as between the ages of 30 and 50, insures multiple vehicles, and drives less than 7,500 miles a year. Any driver who meets those qualifications will get very good rates and therefore will save quite a bit of money when switching.

Drivers who do not match these standards must pay more money and ends up with the driver buying from a lower-cost company. The ads say “people who switch” not “people who quote” save that much money. That’s the way insurance companies can confidently make those claims.

This illustrates why it’s extremely important to compare as many rates as you can. You cannot predict which insurance company will fit your personal profile best.

Insurance coverage considerations

Learning about specific coverages of your insurance policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find the usual coverages found on most insurance policies.

Auto liability insurance

Liability insurance will cover injuries or damage you cause to people or other property. This coverage protects you against claims from 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. Your policy might show limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as bail bonds, legal defense fees and pain and suffering. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as EMT expenses, dental work, nursing services and funeral costs. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. It covers both the driver and occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like theft, fire damage and hitting a bird. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Lexus RX 350.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently these coverages are similar to your liability insurance amounts.

Coverage for collisions

Collision coverage will pay to fix damage to your RX 350 from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as driving through your garage door, scraping a guard rail, sideswiping another vehicle, colliding with another moving vehicle and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Don’t be a big spender

When trying to cut insurance costs, never sacrifice coverage to reduce premiums. In many instances, drivers have reduced liability limits or collision coverage and learned later that they should have had better coverage. The aim is to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.

Low-cost 2014 Lexus RX 350 insurance can be purchased on the web and with local insurance agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who do not offer online price quotes and these small, regional companies work with independent agents.

You just learned some good ideas how to get a better price on insurance. The key concept to understand is the more quotes you get, the higher the chance of saving money. You may even discover the biggest savings come from an unexpected company. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as State Farm or Progressive.

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