Best Ways to Save on Irvine Lexus RX 350 Insurance

Inconceivable but true, a large majority of drivers in California have remained with the same car insurance company for at least the last four years, and nearly half have never compared rates from other carriers. Consumers in America can save hundreds of dollars each year, but they won’t spend time to find cheap insurance by shopping around.

The most effective way to find more affordable Lexus RX 350 insurance is to do a yearly price comparison from insurers that sell auto insurance in Irvine.

1. Get an understanding of the coverage provided by your policy and the changes you can make to prevent expensive coverage. Many rating criteria that result in higher prices such as accidents, traffic tickets, and a poor credit rating can be controlled by making minor changes to your lifestyle. This article gives tips to lower rates and get additional discounts that may have been overlooked.
2. Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like Progressive or State Farm, while independent agencies can give you price quotes from multiple companies.
3. Compare the new quotes to your existing policy and determine if cheaper RX 350 coverage is available. If you can save some money and switch companies, ensure there is no coverage lapse between policies.

One key aspect when comparing rates is to use the same coverage limits and deductibles on each quote request and and to get price estimates from as many companies as possible. This helps ensure an apples-to-apples comparison and and a good selection of different prices.

How much does Lexus RX 350 insurance in Irvine, California cost?

Getting a cheap price on Lexus RX 350 insurance isn’t really that difficult. All that’s required is to take a couple of minutes to compare rate quotes online from several insurance companies.

The companies in the list below are our best choices to provide comparison quotes in Irvine, CA. If multiple companies are listed, we suggest you visit two to three different companies to get the best price comparison.

Rates and detailed analysis

The rate information displayed below showcases different insurance coverage prices for Lexus RX 350 models. Being able to understand how insurance policy premiums are calculated can help you make smart choices when purchasing an insurance policy.

Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium amounts do not factor in specific location information which can raise or lower price quotes noticeably.

An analysis of deductible level

One common question asked by Irvine drivers is how high or low should comp and collision deductibles be. The figures shown below may help to illustrate the cost difference between low and high deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Estimates do not factor in vehicle garaging location which can affect rates greatly.

We can derive from the above data that using a $100 deductible could cost the average driver approximately $56 more each month or $672 each year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 16 months between claims, you would probably save some money going with the higher deductible.

One important issue to know is that increasing deductibles to save money means you pay more out-of-pocket if you have a claim. You need to have enough savings in order to pay the deductible for vehicle repair.

The diagram below shows how different deductible levels and can impact Lexus RX 350 insurance costs for each age group. The price estimates are based on a single female driver, comp and collision included, and no policy discounts are applied.

Cost difference between full coverage and liability

The diagram below compares Lexus RX 350 yearly insurance costs with full coverage and liability only. The premiums assume no claims or driving citations, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Deciding between full coverage and liability only

There isn’t a written rule for excluding physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Lexus RX 350 claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $6,000 after you pay the deductible. If you are paying in excess of $600 a year for full coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where only buying liability is not in your best interest. If you haven’t paid off your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage.

Lower your insurance rates with discounts

Some insurers don’t always advertise every policy discount in a way that’s easy to find, so below is a list a few of the more well known as well as some of the hidden savings tricks you should be using when you buy Irvine car insurance online.

• Drive Less and Save – Low annual miles can earn discounted insurance rates on garaged vehicles.
• Accident Free – Claim-free drivers get the best insurance rates when compared with accident-prone drivers.
• Irvine Homeowners Discount – Just owning your own home can save you money because it is proof of financial responsibility.
• New Vehicle Savings – Insuring a vehicle that is new can be considerably cheaper because newer models keep occupants safer.
• Renewal Discounts – A few companies give discounts for renewing your policy before your current RX 350 insurance policy expires. This can save 10% or more.

A little note about advertised discounts, many deductions do not apply to the whole policy. Most only cut the price of certain insurance coverages like collision or personal injury protection. If you do the math and it seems like you can get free auto insurance, insurance companies wouldn’t stay in business.

The chart below shows the comparison of Lexus RX 350 yearly insurance costs with and without discounts applied. The prices are based on a male driver, no tickets, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, marriage, safe-driver, and multi-policy discounts applied.

Larger insurance companies and a summarized list of policyholder discounts can be read below.

• State Farm offers discounts including multiple autos, driver’s education, defensive driving training, student away at school, and anti-theft.
• Farmers Insurance may include discounts for alternative fuel, early shopping, multi-car, switch companies, and teen driver.
• GEICO has discounts for anti-theft, anti-lock brakes, multi-vehicle, seat belt use, and emergency military deployment.
• American Family discounts include air bags, early bird, accident-free, good student, and TimeAway discount.
• Nationwide may have discounts that include multi-policy, business or organization, accident-free, Farm Bureau membership, defensive driving, and family plan.
• Progressive may offer discounts for continuous coverage, multi-policy, online quote discount, homeowner, online signing, multi-vehicle, and good student.

If you want inexpensive Irvine car insurance quotes, ask every prospective company which discounts you may be entitled to. All car insurance discounts may not be available in every state. For a list of insurers that offer many of these discounts in Irvine, follow this link.

Insuring your RX 350 just makes sense

Despite the high cost of buying insurance for a Lexus RX 350 in Irvine, maintaining insurance is required in California but also provides important benefits.

• The majority of states have minimum mandated liability insurance limits which means you are required to carry specific limits of liability insurance coverage if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you bought your Lexus with a loan, more than likely the lender will require that you have comprehensive coverage to ensure they get paid if you total the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Lexus at a much higher premium rate and force you to reimburse them for it.
• Insurance protects both your Lexus RX 350 and your assets. It also can pay for most medical and hospital costs for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, your auto insurance policy will cover the repair costs.

The benefits of carrying adequate insurance outweigh the cost, specifically if you ever have a liability claim. As of last year, the average driver in California overpays as much as $830 a year so it’s very important to do a rate comparison at least once a year to help ensure money is not being wasted.

Special considerations

Always remember that when buying the best car insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is unique so this has to be addressed.
These are some specific questions could help you determine if you may require specific advice.

• Should I bundle my homeowners policy with my auto?
• Why do I have to buy liability insurance?
• What can I do if my company denied a claim?
• Why does it cost so much to insure a teen driver in Irvine?
• Do I have coverage when pulling a U-Haul trailer?
• Is my cargo covered for damage or theft?
• Is motorclub coverage worth it?
• How much can I save by bundling my policies?
• Are split liability limits better than a combined single limit?
• How long can I keep a teen driver on my policy?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

When should I have guidance from an insurance agency?

Certain consumers would rather go talk to an agent and that is OK! Good insurance agents are highly skilled in risk management and give you someone to call. A good thing about getting online price quotes is you can get the lowest rates and still choose a local agent.

After completing this simple form, your information is sent to agents in your area who can give free rate quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to contact an agency because prices are sent directly to your email. If you need to quote rates from a specific auto insurance provider, feel free to navigate to their website to submit a rate quote request.

Picking the best provider requires you to look at more than just a cheap price. Before buying a policy in Irvine, get answers to these questions.

• Will high miles depreciate repair valuations?
• Will one accident increase rates?
• Can glass claims be handled at your home?
• Which family members are covered?
• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Are there any discounts that you might be missing?
• What is the agency’s Better Business Bureau rating?