2014 Lexus RX 350 Insurance Cost – 6 Ideas for Cheaper Prices

Want cheaper auto insurance rates for your Lexus RX 350? Finding and buying car insurance is not a task car owners enjoy, but like it or not it is mandatory in order to satisfy compulsory insurance requirements.

You should take the time to get comparison quotes every six months because insurance rates are usually higher with each renewal. If you had the lowest price for RX 350 insurance a couple years back you will most likely find a better rate today. So block out anything you think you know about auto insurance because I’m going to teach you how to use online quotes to reduce your cost while increasing coverage.

If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using this strategy. The purpose of this article is to introduce you to the most effective way to quote insurance. Although vehicle owners need to have an understanding of how big insurance companies price online insurance and take advantage of how the system works.

Insurance Prices

To find the best insurance prices, there are several ways of comparing rates from insurance companies in your area. The best way to compare 2014 Lexus RX 350 insurance prices is to use the internet to compare rates. This is very easy and can be done in several different ways.

The first (and easiest) way to get quotes for comparison is a comparison rater form click here to open form in new window. This method eliminates the need for separate forms to each individual insurance company. Taking the time to complete one form will return quotes from insurance companies with the best prices. This is perfect if you don’t have a lot of time.

Another way to find lower rates is going to each company’s website and request a quote. For sake of this example, let’s say you want to compare rates from Geico, Safeco and State Farm. You would have to take the time to go to each site and enter your policy data, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

The least recommended way to get comparison rates is driving to insurance agents’ offices. Buying insurance online makes this process obsolete unless you prefer the trained guidance of a local agent. It is possible to compare online quotes but still have the advice of a local agent and we’ll cover that in a bit.

Which method you use is up to you, but be sure to compare the exact same information on every quote you get. If you enter different liability limits you will not be able to truly determine the lowest rate. Having just a slight variation in coverages could mean much higher rates. And when quoting insurance, remember that having more price comparisons will improve the odds of getting lower pricing.

Tailor your coverage to you

When it comes to choosing the right insurance coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s needs are different.

For example, these questions may help highlight if you would benefit from an agent’s advice.

  • Am I covered if I drive in a foreign country?
  • Will my insurance pay for OEM parts?
  • Does coverage extend to my business vehicle?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Do I have coverage for damage caused while driving under the influence?
  • What vehicles should carry emergency assistance coverage?
  • What exactly is covered by my policy?
  • What happens if I owe more than my 2014 Lexus RX 350 is worth?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form.

Insurance coverages and their meanings

Having a good grasp of your insurance policy can be of help when determining the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Liability car insurance

This will cover damages or injuries you inflict on other people or property. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as medical services, legal defense fees, emergency aid and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like X-ray expenses, ambulance fees and surgery. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims like hitting a bird, a broken windshield, vandalism, damage from a tornado or hurricane and a tree branch falling on your vehicle. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision insurance

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like crashing into a building, sustaining damage from a pot hole, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Lexus RX 350.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these coverages are set the same as your liablity limits.