Cheap 2007 Lexus ES 350 Insurance Cost

Trying to find cheaper car insurance rates for your Lexus ES 350? No one in their right mind enjoys paying for car insurance, especially when the price is too high. Multiple car insurance companies compete for your insurance dollar, so it’s not easy to compare every insurer and get the best coverage at the lowest price

If you have insurance now or are shopping for new coverage, you can use these tips to find the best rates and still get good coverage. Buying car insurance is not that difficult. Consumers just need to know the proper way to shop their coverage around over the internet.

Comprehensive Auto Insurance Comparison

Comparing auto insurance rates is a ton of work if you don’t know the most efficient way. You can spend countless hours talking about coverages with local insurance agents in your area, or you can utilize online quotes to quickly compare rates.

Most of the best insurance companies enroll in a system that enables customers to only type in their quote data once, and each participating company can provide price quotes based on that information. This eliminates the need for quote requests to each individual auto insurance company.

To compare pricing click here to open in new window.

The one disadvantage to using this type of form is you don’t know exactly which insurance companies to get pricing from. If you prefer to choose specific providers for rate comparison, we have a page of companies who write auto insurance in your area. Click here to view list.

Whichever way you use, make darn sure you compare apples-to-apples coverage limits and deductibles on every quote you get. If the quotes have differing limits it’s not possible to determine the best price for your Lexus ES 350.

Discounts are great for lower rates

Car insurance can cost a lot, but discounts can save money and there are some available to help offset the cost. Most are applied at quote time, but lesser-known reductions have to be specifically requested prior to getting the savings. If you don’t get every credit available, you are paying more than you should be.

  • Passive Restraint Discount – Cars that have air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.
  • Defensive Driver – Taking a course in driver safety could save 5% or more if you qualify.
  • Save with a New Car – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new cars.
  • Auto/Home Discount – When you have multiple policies with the same company you may save 10% to 20% off each policy.
  • College Student – Kids in college living away from home attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Theft Prevention System – Cars that have factory anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
  • Drivers Education – Have your child enroll in driver’s education in high school.
  • Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.

Consumers should know that most discount credits are not given to the entire cost. Most cut the price of certain insurance coverages like comprehensive or collision. Just because it seems like all the discounts add up to a free policy, companies wouldn’t make money that way. Any amount of discount will help reduce your premiums.

A partial list of companies that may offer these discounts are:

Check with every prospective company how you can save money. Some discounts might not be offered everywhere.

You may need specialized coverage

When it comes to choosing the right insurance coverage for your personal vehicles, there is no perfect coverage plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help highlight if your insurance needs would benefit from an agent’s advice.

  • Do I need added coverage for expensive stereo equipment?
  • Will I be non-renewed for getting a DUI or other conviction?
  • When would I need additional glass coverage?
  • Should I waive the damage coverage when renting a car?
  • Am I covered if I drive in a foreign country?
  • Am I covered if I hit my neighbor’s mailbox?
  • Is my Lexus ES 350 covered if I use it for business?
  • Will filing a claim cost me more?
  • Should I get collision insurance on every vehicle?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and can help protect your family.

Parts of the Lexus ES 350 rate equation

Consumers need to have an understanding of the different types of things that help determine the rates you pay for car insurance. When you know what positively or negatively impacts premium levels allows you to make educated decisions that can help you get much lower annual insurance costs.

  • Do you work long hours in a high stress job? – Occupations like judges, executives and dentists are shown to have the highest average rates due to high stress and long work days. Other occupations such as scientists, historians and retirees pay the least for ES 350 insurance.
  • Sex matters – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. They both tend to get into accidents at about the same rate, but the male of the species tend to have more serious accidents. Men also tend to have more aggressive citations such as DWI and reckless driving.
  • Keep rates low by being claim-free – If you file claims often, you can expect either higher rates or even cancellation. Car insurance companies award better rates to policyholders who file claims infrequently. Car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
  • Lower rates with optional equipment – Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping auto theft.
  • Drive a safer car and pay less – Vehicles with good safety scores can get you lower premiums. These vehicles reduce injuries and lower injury rates means less money paid by your insurance company and lower rates for you. If your Lexus ES 350 is rated at least four stars on Safercar.gov it is probably cheaper to insure.
  • Pleasure use or commuting – Driving more miles in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles based on their usage. Cars and trucks used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Double check that your car insurance coverage is rated on the proper vehicle usage. Incorrect usage on your ES 350 may be costing you.

Specific coverage details

Understanding the coverages of a insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most insurance policies.

Liability insurance

Liability coverage protects you from injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as loss of income, bail bonds and emergency aid. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Collision coverage

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like driving through your garage door, scraping a guard rail and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Lexus ES 350.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Most of the time these coverages are similar to your liability insurance amounts.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for bills for ambulance fees, dental work, rehabilitation expenses and X-ray expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as falling objects, a tree branch falling on your vehicle, hitting a deer, vandalism and damage from getting keyed. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Save your cold hard cash

You just learned a lot of ways to lower your 2007 Lexus ES 350 insurance rates. The key concept to understand is the more price quotes you have, the higher your chance of finding lower rates. Consumers could even find that the best prices are with a company that doesn’t do a lot of advertising. These companies may only write in your state and offer lower rates than their larger competitors like State Farm or Progressive.

Cheaper insurance is attainable both online as well as from independent agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance companies don’t offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

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