Would you prefer to buy more competitive Lexus RX 350 insurance in Phoenix? Purchasing discount Phoenix Lexus RX 350 insurance quotes on the internet can appear to be difficult for consumers new to quoting and comparing and buying insurance on the web. With more and more insurers available, how can you effectively compare the different rates to find the lowest price available?
Unbelievable but true according to a study the majority of drivers renewed their policy with the same company for more than four years, and 38% of drivers have never compared rates from other carriers. Many consumers in Arizona could save an average of as much as $730 each year by just comparing quotes, but they won’t spend time to save money by comparing rate quotes.
You should make it a habit to check insurance prices as often as possible since insurance rates fluctuate regularly. Just because you found the best rate on Lexus RX 350 insurance in Phoenix a couple years back a different company probably has better prices today. There is lot of inaccurate information about RX 350 insurance online but by reading this article, you’re going to learn a bunch of ideas how to lower your insurance rates in Phoenix.
If you have insurance now, you will most likely be able to buy cheaper insurance using this information. Comparing quotes for affordable insurance coverage in Phoenix is not as confusing as people think. Although Arizona car owners do need to know how insurance companies sell insurance online and use it to your advantage.
Companies offering Lexus RX 350 insurance in Arizona
The following companies offer price quotes in Arizona. If more than one company is shown, it’s a good idea that you visit as many as you can to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RX 350 2WD||$312||$714||$440||$26||$132||$1,624||$135|
|RX 350 4WD||$332||$530||$444||$26||$132||$1,464||$122|
|Get Your Own Custom Quote Go|
Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium costs do not factor in vehicle location which can affect rates substantially.
Cost of full coverage in Phoenix
The illustration below examines Lexus RX 350 car insurance rates with full physical damage coverage and with liability coverage only. The costs are based on no violations or claims, $100 deductibles, single female driver, and no additional discounts are factored in.
Guidelines for dropping full coverage
There is no clear-cut rule of when to eliminate physical damage coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s assume your Lexus RX 350 settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $6,000 after paying your deductible. If you are paying over $600 annually to have full coverage, then it might be time to buy liability only.
There are some cases where dropping physical damage coverage is not recommended. If you haven’t satisfied your loan, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Discounts can help save money on Lexus RX 350 insurance in Phoenix
Companies that sell car insurance don’t always publicize the complete list of policy discounts very clearly, so we took the time to find some of the more common and the more hidden auto insurance savings.
- Own a Home and Save – Just owning your own home can save a few bucks because maintaining a house means you have a higher level of financial diligence.
- Full Payment Discount – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid the installment charge.
- Life Insurance – If the company offers life insurance, you could get a break if you buy life insurance from them.
- Data Collection Discounts – Drivers that enable driving data submission to spy on when and where they use their vehicle through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they exhibit good driving behavior.
- Employee of Federal Government – Active or former government employment may reduce rates when you quote Phoenix auto insurance with some auto insurance companies.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education if offered at their school.
- ABS and Traction Control Discounts – Cars equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
Consumers should know that some of the credits will not apply to all coverage premiums. Some only reduce specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears adding up those discounts means a free policy, auto insurance companies aren’t that generous.
Auto insurance companies that may offer quotes with most of these discounts include:
If you are trying to find affordable Phoenix auto insurance quotes, ask each insurance company which discounts you qualify for. Savings might not be offered on policies in your state. To view providers who offer online Lexus RX 350 insurance quotes in Arizona, click here to view.
How do Insurance Companies Determine Lexus RX 350 Insurance Prices?
Many things are considered when quoting car insurance. Some are pretty understandable such as your driving history, although some other factors are more transparent such as whether you are married or your commute time.
The factors shown below are just a few of the factors utilized by car insurance companies to help set your rate level.
Car insurance lapses lead to higher prices – Driving without insurance coverage in place is a big no-no and companies may charge more for letting your coverage cancel without a new policy in place. And not only will your rates increase, the inability to provide proof of insurance can result in a license revocation or jail time.
Accidents hurt – Even one speeding ticket could increase your next policy renewal forty percent or more. Drivers with clean records have lower premiums than their less careful counterparts. Drivers with multiple violations like DUI or reckless driving may be required to file a SR-22 with their state’s department of motor vehicles in order to drive a vehicle legally.
Does insurance coverage cost more for men? – Statistics show women are more cautious behind the wheel. The data does not necessarily mean that females are better drivers. Men and women are in auto accidents in similar numbers, but men tend to have higher claims. Men also receive more costly citations like reckless driving and DUI.
Bundle policies to earn discounts – Lots of companies provide a discount to policyholders who buy several policies from them such as combining an auto and homeowners policy. The discount can add up to ten percent or more. Even with this discount, it’s always a smart idea to get quotes from other companies to confirm you are receiving the best rates possible.
Deter theft and pay less – Driving a car with an alarm system can earn a premium discount. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms all help prevent car theft and help bring rates down.
Save miles driven and save money – The more miles you rack up on your Lexus in a year the more it will cost to insure it. Most companies charge to insure your cars based upon how the vehicle is primarily used. Autos that do not get driven very much get more affordable rates than vehicles that are driven to work every day. A policy that improperly rates your RX 350 may be costing you. It’s a smart idea to ensure your car insurance policy shows annual mileage.
Loss probability for a Lexus RX 350 – Companies factor in insurance loss information to help set a rate to offset losses. Models that have higher frequency or amount of claims will cost more for coverage. The information below illustrates the compiled insurance loss statistics for Lexus RX 350 vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles, as an average, is a value of 100. Percentages below 100 imply a favorable loss record, while numbers above 100 indicate frequent claims or statistically larger claims.
Car Insurance Loss Data for Lexus RX 350 Models
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Lexus RX 350 4dr 2WD||111||96||91||72||97||88|
|Lexus RX 350 4dr 4WD||122||99||112||83||75||78|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
How do I know if I need professional advice?
Always keep in mind that when comparing your policy for your vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different and your auto insurance should unique, too.
Here are some questions about coverages that might point out if your situation would benefit from professional advice.
- Is borrowed equipment or tools covered if stolen or damaged?
- Do I have ACV or replacement cost coverage?
- Is extra glass coverage worth it?
- Can I insure my car for more than it’s worth?
- What can I do if my company won’t pay a claim?
- What states are considered no-fault?
- What discounts do I qualify for?
If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to 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 auto insurance companies in your area.
What if I want to buy from local Phoenix insurance agents?
Some consumers just prefer to get advice from a local agent and that can be a smart move A nice benefit of comparing rate quotes online is you may find cheaper prices and still have a local agent. And buying from local insurance agents is important particularly in Phoenix.
To make it easy to find an agent, after completing this simple form, your insurance data is sent to agents in your area that can give you free Phoenix auto insurance quotes for your car insurance coverage. It’s much easier because you don’t need to drive around since rate quotes are delivered straight to your inbox. It’s the lowest rates and an insurance agent to talk to. If you wish to get a price quote from one company in particular, you would need to visit that company’s website and submit a quote form there.
Pick the best auto insurance agent in Phoenix for you
When finding a reputable agency, it’s helpful to know the different types of agents that you can choose from. Agencies in Phoenix are classified as either exclusive or independent.
Independent Agencies or Brokers
Agents that choose to be independent are not employed by one company and that is an advantage because they can write policies with lots of companies and help determine which has the cheapest rates. If they find a cheaper price, your policy is moved internally which is easy for the insured.
When comparing car insurance prices, it’s recommended you get rate quotes from at least one independent agent to have the most options to choose from. They also have the ability to place coverage with additional companies that you may not be familiar with which could offer lower prices.
Featured below are independent agents in Phoenix that can possibly get you cheap rate quotes.
- Fasula Kaplan Insurance Agency
11022 N 28th Dr Suite 125 – Phoenix, AZ 85029 – (602) 564-0880 – View Map
- American Premier Insurance Agency
16815 S Desert Foothills Pkwy #140 – Phoenix, AZ 85048 – (480) 423-3444 – View Map
- General Southwest Insurance Agency
5628 E Thomas Rd – Phoenix, AZ 85018 – (480) 990-1900 – View Map
Exclusive Car Insurance Agents
Exclusive insurance agents can only quote rates from one company and examples are State Farm or Allstate. They usually cannot provide other company’s prices so they have to upsell other benefits. These agents are trained well on what they offer which helps them compete with independent agents. Consumers sometimes buy insurance from these agents primarily because of high brand loyalty and strong financial ratings.
Shown below are Phoenix exclusive agents that can give you rate quotes.
- American Family Insurance – Luke Shafer
1717 E Bell Rd #7 – Phoenix, AZ 85022 – (602) 788-5359 – View Map
- Jacob Rosell – State Farm Insurance Agent
2218 N 24th St – Phoenix, AZ 85008 – (602) 267-8200 – View Map
- Severiano Torres III – State Farm Insurance Agent
1820 N 75th Ave #106 – Phoenix, AZ 85035 – (623) 846-0240 – View Map
Finding a good insurance agency requires more thought than just the quoted price. A good agent in Phoenix will have answers to these questions.
- Can glass repairs be made at your home?
- If your car is in the repair shop, do you have coverage for a rental car?
- Do you work with a CSR or direct with the agent?
- How often do they review coverages?
- Are they properly licensed to sell insurance in Arizona?
- Which family members are covered?
If you get positive responses for all questions you ask and a low price estimate, it’s possible that you found a car insurance agent that meets your needs to properly insure your vehicles. Just understand that consumers can cancel your policy at any point so don’t think that you’re stuck with any specific company for the full policy term.
Don’t listen to company ads
Well-known auto insurance companies like State Farm, GEICO and Progressive consistently run ads on TV and radio. They all advertise the message of big savings if you switch your auto insurance coverage to their company. How is it plausible that every one can claim to save you money? Just pay attention to how they say it.
Insurance providers quote their cheapest rates for a prospective insured that will generate a profit. A good example of this type of driver could be over age 30, carries high limits, and has great credit. Someone who fits that profile receives the best rates in Phoenix and have a good chance to pay quite a bit less when switching companies.
Drivers who do not meet the “perfect” profile may be required to pay more expensive rates which results in the customer buying from someone else. If you pay attention, the ads say “customers who switch” but not “all drivers who get quotes” save that much money. That is how companies can truthfully make it sound like they have such great premium rates.
Each company has different criteria, so you really need to compare many company’s premium rates. It is impossible to guess the company that will have the best Lexus RX 350 insurance in Phoenix.
More quotes mean more insurance savings
Low-cost Lexus RX 350 insurance in Phoenix can be sourced from both online companies as well as from insurance agents, and you need to comparison shop both to have the best rate selection. A few companies may not have online quoting and usually these small insurance companies only sell coverage through local independent agents.
You just read some good ideas how you can shop for Lexus RX 350 insurance online. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may even find the lowest prices come from a small local company. These companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive and GEICO.
Additional information is available below:
- Older Drivers FAQ (iihs.org)
- Who Has Cheap Phoenix Auto Insurance Rates for Drivers Over Age 70? (FAQ)
- How Much is Car Insurance for Electric Cars in Phoenix? (FAQ)
- What Insurance is Cheapest for a Dodge Journey in Phoenix? (FAQ)
- Who Has the Cheapest Phoenix Auto Insurance Rates for 4×4 Vehicles? (FAQ)
- Who Has the Cheapest Car Insurance Quotes with Multiple Speeding Tickets in Phoenix? (FAQ)
- Speed and Speed Limit FAQ (iihs.org)
- How to Avoid Common Accidents (State Farm)
- Airbag FAQ (iihs.org)
- Collision Coverage (Liberty Mutual)