2017 Lexus ES 350 Car Insurance Rates – 5 Savings Tips

If you are new to online auto insurance, you can easily be overwhelmed thanks to the vast number insurance agents and companies competing for your business.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. Buying the cheapest car insurance coverage is not that difficult. Nevertheless, car owners need to learn how companies sell online and take advantage of how the system works.

Insurance rates and discounts

Car insurance companies don’t always publicize every possible discount very clearly, so we break down both the well known as well as the least known discounts you could be receiving when you buy insurance online.

  • Payment Method – By paying your policy upfront rather than paying monthly you could save 5% or more.
  • Distant Student – Kids living away from home attending college and do not take a car to college could qualify for this discount.
  • Good Student – A discount for being a good student may save you up to 25%. The good student discount can last well after school through age 25.
  • Braking Control Discount – Cars and trucks with ABS braking systems or traction control can stop better under adverse conditions and qualify for as much as a 10% discount.
  • Discount for Home Ownership – Owning a house can earn you a little savings since home ownership means you have a higher level of financial diligence.

Consumers should know that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to individual premiums such as comp or med pay. If you do the math and it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any amount of discount will reduce the amount you pay for coverage.

Insurance companies that may offer most of the discounts above include:

If you want cheap insurance quotes, ask every prospective company which discounts can lower your rates. Discounts may not be offered in every state. To locate insurance companies with the best insurance discounts, click here to view.

How to shop auto insurance online

Most larger insurance companies allow consumers to get coverage price quotes on their websites. Getting quotes is quite simple as you just type in the coverages you want as requested by the quote form. When the form is submitted, the system pulls your driving and credit reports and returns a price quote based on the data you entered.

Being able to quote online makes it a lot easier to compare rates but having to visit many different websites and type in the same data is monotonous and tiresome. But it is imperative to have as many quotes as possible if you want to find the best price possible.

There is an easier way!

The preferred way to compare rates uses just one form to get prices from several different companies. This type of form saves time, requires less work, and makes online quotes much simpler. After your information is entered, your coverage is rated with multiple companies and you can pick any or none of the price quotes you receive.

If you find a better price you can click and sign and purchase the new policy. It takes just a few minutes to complete and you’ll know if lower rates are available.

To quickly find out how much you can save on auto insurance, click here to open in a new tab and begin entering your coverage information. To compare your current rates, we recommend you replicate the insurance coverages identical to your current policy. This guarantees you will receive a rate comparison for exact coverage.

Situations that may require an agent’s advice

When it comes to choosing the right insurance coverage, there really is no one size fits all plan. Every situation is different.

For instance, these questions could help you determine whether you would benefit from an agent’s advice.

  • Does my car insurance cover rental cars?
  • What if I owe more than I can insure my car for?
  • Can I rate high risk drivers on liability-only vehicles?
  • Do I need more liability coverage?
  • Is upholstery damage covered by car insurance?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Does coverage extend to Mexico or Canada?
  • Should I put collision coverage on all my vehicles?
  • Am I covered if I hit my neighbor’s mailbox?

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form.

Insurance companies are expert advertisers

Big name companies like Allstate and Progressive endlessly run ads on TV and radio. They all seem to make an identical promise about saving some big amount just by switching your insurance coverage to their company. How does each company claim to save you money? This is the way they can do it.

Insurance companies have specific guidelines for the type of customer that will be a good risk. One example of this type of driver might be described as a mature driver, has no driving citations, and chooses high deductibles. A driver that matches those criteria will get the preferred premium rates and therefore will cut their rates if they switch.

Consumers who may not quite match those standards must pay a more expensive rate and ends up with business going elsewhere. If you listen closely, the ads state “drivers that switch” not “everyone that quotes” save that much money. This is how companies can truthfully lure you into getting a quote.

This emphasizes why drivers must do a quote comparison often. It is just not possible to predict which insurance companies will fit your personal profile best.

Coverage specifics

Having a good grasp of your policy can help you determine the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and coverage can change by endorsement.

Collision protection

Collision insurance will pay to fix damage to your ES 350 resulting from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like rolling your car, sustaining damage from a pot hole, scraping a guard rail, crashing into a ditch and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Comprehensive coverage

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as hitting a bird, theft, fire damage and damage from a tornado or hurricane. The most your insurance company will pay 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.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like dental work, funeral costs and hospital visits. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

Liability coverages

Liability coverage provides protection from damage that occurs to people or other property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things like court costs, structural damage, pain and suffering and funeral expenses. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your Lexus ES 350.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Most of the time these limits are identical to your policy’s liability coverage.

Smart consumers save more

Some insurance providers do not offer online price quotes and most of the time these smaller companies work with local independent agents. Cheaper 2017 Lexus ES 350 insurance can be purchased online as well as from independent agents, so you need to compare both to have the best rate selection.

Drivers leave their current company for a number of reasons such as high prices, extreme rates for teen drivers, questionable increases in premium or policy cancellation. Regardless of your reason for switching companies, choosing a new insurance company is not as difficult as it may seem.

In this article, we covered a lot of ways to lower your 2017 Lexus ES 350 insurance car insurance rates. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your premium rates. You may even discover the lowest car insurance rates come from the smaller companies.

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