Best Ways to Save on San Jose Lexus RX 350 Insurance

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Insurance quote for Lexus RX 350 in San JoseThe best way we recommend to get low-cost Lexus RX 350 insurance is to do an annual price comparison from insurers that sell auto insurance in San Jose. You can compare rates by completing these steps.

  • Step 1: Gain an understanding of how car insurance works and the things you can control to prevent high rates. Many risk factors that cause rate increases such as traffic citations, accidents, and bad credit can be amended by making minor changes to your lifestyle. Read the full article for instructions to help prevent costly coverage and find discounts that may have been missed.
  • Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from one company like Progressive or Farmers Insurance, while independent agencies can give you price quotes from multiple companies.
  • Step 3: Compare the new quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a better price and change companies, make sure there is no lapse between the expiration of your current policy and the new one.

The key thing to remember is to use the same physical damage deductibles and liability limits on every quote request and and to get prices from as many companies as you can. This guarantees the most accurate price comparison and maximum price selection.

Everyone knows that auto insurance companies want to keep your business as long as possible. Consumers who shop around for a cheaper policy are inclined to move their business because of the good chance of finding discount prices. A recent car insurance study discovered that consumers who shopped around every year saved an average of $3,400 over four years compared to other drivers who never shopped around.

If finding the cheapest rates on Lexus RX 350 insurance in San Jose is your target objective, knowing how to find and compare cheaper coverage can help make the process easier and more efficient.

Locating the best rates in San Jose is really quite simple as long as you have a good starting point. If you already have coverage or want to find a cheaper company, you can follow these tips to get lower rates while maintaining coverages. Consumers just need to understand the tricks to compare insurance rates from many different companies online.

Companies offering Lexus RX 350 insurance in San Jose

The auto insurance companies shown below are our best choices to provide price quotes in San Jose, CA. If the list has multiple companies, it's highly recommended you visit two to three different companies in order to get a fair rate comparison.

Lexus RX 350 insurance rate analysis

The rate table displayed next showcases detailed analysis of insurance coverage prices for Lexus RX 350 models. Understanding more about how auto insurance policy rates are figured can benefit drivers when making smart choices when comparing insurance rates.

Lexus RX 350 Insurance Rates in San Jose, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $206 $418 $480 $28 $144 $1,276 $106
RX 350 4WD $206 $418 $480 $28 $144 $1,276 $106
Get Your Own Custom Quote Go

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in garaging location in San Jose which can change premium rates substantially.

Raise deductibles and save

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The following tables may help to conceptualize the rate difference of buying low and high coverage deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Lexus RX 350 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $430 $780 $500 $30 $150 $1,915 $160
RX 350 4WD $430 $780 $500 $30 $150 $1,915 $160
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Lexus RX 350 insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $266 $490 $500 $30 $150 $1,436 $120
RX 350 4WD $266 $490 $500 $30 $150 $1,436 $120
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in specific San Jose garaging location which can revise price quotes considerably.

Based on this data, using a $250 deductible costs an average of $40 more each month or $480 every year than requesting the higher $1,000 deductible. Because you would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 19 months between claims, you would save money if you opt for a higher deductible. The table below illustrates a better example of how you can perform this determination yourself.

Average monthly premium for $250 deductibles: $160
Average monthly premium for $1,000 deductibles (subtract): - $120
Monthly savings from raising deductible: $40
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $40
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One important note is that increasing deductibles to lower your rates results in more money out-of-pocket when you have a comprehensive or collision claim. You need some savings in the bank in order to pay the deductible.

Lexus RX 350 liability-only versus full coverage

The example below shows the difference between Lexus RX 350 yearly insurance costs with full physical damage coverage and with liability coverage only. The information is based on no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no clear-cut rule to exclude full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let's assume your Lexus RX 350 book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after paying your policy deductible. If premium cost is more than $500 a year for full coverage, then it's probably a good time to buy liability coverage only.

There are some cases where removing full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle in case of an accident, you should not buy liability only.

Components of Your Lexus RX 350 Insurance Costs

Consumers need to have an understanding of some of the factors that go into determining the rates you pay for auto insurance. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that can earn you much lower annual insurance costs. Many different elements are taken into consideration when pricing auto insurance. Some are pretty understandable like an MVR report, but other criteria are less obvious like where you live and annual miles driven.

Additional coverages that may be costing you - There are many additional extra coverages you can purchase when buying auto insurance. Coverages for personal injury protection, accident forgiveness, and extra equipment coverage may be wasting your money. These coverages may sound good initially, but if you have no use for them consider taking them off your policy.

Cheaper rates with high comp and collision deductibles - Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Lexus. Some instances where coverage would apply could be a dented fender, flood damage, and rolling your vehicle. Comp and collision deductibles tell how much you are required to pay if you file a covered claim. The more damage repair cost you are required to pay out-of-pocket, the less your company will charge you for insurance.

Cheaper auto insurance rates using GPS tracking and theft deterrents - Selecting a car model that has a built-in theft deterrent system can get you a discount on your auto insurance. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all help prevent auto theft and help lower rates.

Never let your auto insurance expire - Driving without insurance can get your license suspended and auto insurance companies will penalize you for letting your insurance expire. In addition to paying higher rates, failure to provide proof of insurance can result in a hefty fine and possibly a revoked license.

Gender as a rate factor - Statistics show that females take fewer risks when driving. Now that doesn't mean females are better at driving than males. Both genders cause fender benders at a similar rate, but the males cause more damage and cost insurance companies more money. Men also receive more costly citations like reckless driving and DUI.

The illustration below illustrates the difference between Lexus RX 350 insurance costs for male and female drivers. The price estimates are based on a clean driving record, no claims, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are applied.

Miles driven impacts rates - Driving a lot of miles in a year's time the more it will cost to insure it. The majority of insurers apply a rate partially by how you use the vehicle. Vehicles left parked in the garage qualify for better rates than cars that get driven a lot. An incorrectly rated RX 350 is just wasting money. Double check that your auto insurance policy properly reflects how each vehicle is driven.

Your location is a factor - Living in less populated areas is a good thing when buying auto insurance. Fewer drivers and short commutes means a lower chance of having an accident. Urban drivers have to deal with more traffic problems and higher rates of accident claims. Longer commute distances means a statistically higher chance of an accident.

Insurance losses for a Lexus RX 350 - Car insurance companies include the past claim trends for vehicles to determine a price that will be profitable for them. Vehicles that historically have higher prevalence or dollar amount of losses will cost more for coverage. The information below illustrates the actual insurance loss data for Lexus RX 350 vehicles.

For each coverage category, the claim amount for all vehicles averaged together is set at 100. Values that are under 100 indicate a favorable loss history, while percentage values above 100 point to more claims or a tendency for losses to be larger than average.

Insurance Loss Ratings for Lexus RX 350 Vehicles
Vehicle 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
BETTER
AVERAGE
WORSE

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Slash your car insurance rates with discounts

Some insurance providers don't always list their entire list of discounts very well, so here is a list a few of the more well known as well as some of the hidden discounts that you may qualify for.Discount car insurance

  • Air Bags and Passive Restraints - Cars that have air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Driver Education Discount - Cut your cost by having your teen driver successfully take a driver's education course in school or through a local driver safety program.
  • Anti-lock Brakes - Vehicles with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
  • Anti-theft Discount - Cars equipped with anti-theft or alarm systems prevent vehicle theft and will qualify for a discount on a San Jose auto insurance quote.
  • Good Student - Maintaining excellent grades can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • Homeowners Savings - Owning your own home or condo can get you a discount because owning a home is proof that your finances are in order.
  • Telematics Discount - Insureds that choose to allow their insurance company to study driving habits remotely such as Progressive's Snapshot could possibly reduce rates if they exhibit good driving behavior.
  • Low Miles Discount - Fewer annual miles on your Lexus may allow you to get slightly better rates than normal.
  • Auto/Home Discount - If you have multiple policies with one insurance company you may save up to 20% and get you affordable Lexus RX 350 insurance rates in San Jose.

Consumers should know that some credits don't apply to the overall cost of the policy. Most cut specific coverage prices like liability, collision or medical payments. Despite the appearance that having all the discounts means you get insurance for free, companies don't profit that way.

The diagram below illustrates the difference between Lexus RX 350 auto insurance costs with and without discounts applied to the policy rates. The premiums are based on a female driver, no claims or violations, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-car, marriage, homeowner, and multi-policy discounts applied.

Some of the larger companies that possibly offer these money-saving discounts are:

If you are trying to find affordable Lexus RX 350 insurance quotes, ask every insurance company how you can save money. Some discounts listed above might not be offered on policies in San Jose. For a list of car insurance companies that offer the discounts shown above in San Jose, click here.

Auto insurance agents near you

Many drivers prefer to visit with an insurance agent and we recommend doing that Insurance agents can make sure you are properly covered and help you file claims. A good thing about comparing insurance prices online is the fact that drivers can get cheap insurance rates but still work with a licensed agent.

Insurance agents in San JoseAfter filling out this simple form, your insurance data is emailed to local insurance agents in San Jose who can give free rate quotes for your coverage. It makes it easy because there is no need to drive around since rate quotes are delivered directly to you. If for some reason you want to get a comparison quote from a specific company, you can always search and find their rate quote page and complete a quote there.

Choosing an insurance company requires you to look at more than just the premium amount. These are some questions your agent should answer.

  • How often do they review policy coverages?
  • How would your car be valued if totaled?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Do they have designations such as AIC, CPCU, or CIC?
  • Is vehicle damage repaired with OEM or aftermarket parts?
  • Can they help ensure a fair claim settlement?
  • If you are a high risk driver, do they have special markets for your coverage?
  • Is there any savings for paying the full premium?

After talking to the agent and getting good answers to all your questions as well as an affordable premium quote, it's possible that you found an insurance company that can be relied on to provide insurance coverage. Just remember policyholders can terminate coverage for any reason so don't think you're contractually obligated to a policy for the full policy term.

Persistence pays off

As you prepare to switch companies, do not skimp on coverage in order to save money. Too many times, someone dropped liability coverage limits and found out when filing a claim they didn't purchase enough coverage. The proper strategy is to buy a smart amount of coverage for the lowest cost but still have enough coverage for asset protection.

Some insurance companies may not provide online quoting and usually these smaller companies provide coverage only through independent agents. Lower-priced insurance in San Jose is possible on the web in addition to local insurance agencies, and you need to price shop both to have the best selection.

Drivers leave their current company for any number of reasons including high rates after DUI convictions, an unsatisfactory settlement offer, lack of trust in their agent or even being labeled a high risk driver. No matter why you want to switch, finding the right insurance provider can be easier than you think.

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