2018 Lexus RC 300 Insurance Rates – 5 Tips to Save

Want cheaper car insurance rates for your Lexus RC 300? I can’t think of a single person who fancies paying their premiums for car insurance, especially when they are aware that their premiums are too high.

Online insurance companies like State Farm, Allstate, Geico and Progressive all claim big savings with advertising and it is challenging if not impossible to avoid their marketing magic and effectively compare rates to find the best deal.

Which insurance coverage is cheapest?

To find cheap prices, there are a couple of ways of comparing rate quotes from many different insurance companies. One of the best ways to do a complete rate comparison involves getting comparison quotes online. This can be done in a couple of different ways.

  • Probably the best way to get quotes for comparison is a comparison rater form like this one (opens in new window). This style of form eliminates the need for repetitive form entry for each company you want a rate for. One quote request gets you coverage quotes from insurance coverage companies with the best prices.
  • A slightly less efficient method to compare rate quotes consists of going to each company’s website and fill out a new quote form. For instance, we’ll assume you need rates from Progressive, Allstate and Travelers. In order to compare rates, you need to take the time to go to each site and repeatedly enter your information, which is not fast way to get rate quotes. For a list of links to companies insuring cars in your area, click here.
  • The least efficient way to find and compare rates is to drive around to all the different insurance agencies. The ability to get quotes online can eliminate the need for a local agent unless you prefer the advice and guidance that only an agent can give. Although, it is possible price shop online and get advice from an agent in your area.

The method you choose is up to you, but ensure you’re using exactly the same coverage data for every company. If you enter mixed coverages you will not be able to make a fair comparison for your Lexus RC 300. Having just a slight variation in insurance coverages or limits can result in a big premium difference. And when quoting insurance coverage, remember that having more price comparisons helps improve the odds of finding more affordable rates.

Switch companies and save? Really?

Companies like State Farm and Allstate consistently run television, radio, and online ads. They all seem to convey the message about savings if you move your policy. How does each company give you a lower rate? Here is the trick they use.

Companies require specific criteria for the type of customer that will be a good risk. For example, a profitable customer might have to be a female over age 40, has no driving citations, and has great credit. Any person who fits that profile will probably get cheap rates and will save if they switch.

Potential customers who don’t meet this stringent profile may receive a more expensive rate and this can result in the customer not purchasing. If you listen closely, the ads state “drivers who switch” but not “everyone who gets a quote” save that much when switching. That’s the way insurance companies can make those claims.

Because every company is different, it’s extremely important to compare as many free insurance quotes as you can. It is impossible to guess which insurance companies will have the best prices.

More affordable rates with these five car insurance discounts

Insurance can cost an arm and a leg, but there are discounts available that you may not know about. Many discounts should be triggered when you quote, but once in a while a discount must be inquired about prior to getting the savings. If you’re not getting every credit you deserve, you are paying more than you should be.

  • Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems may qualify for discounts as much as 30%.
  • Discount for Life Insurance – Larger insurance carriers have lower premium rates if you buy a life insurance policy as well.
  • Accident Waiver – Not a discount per se, but some insurance companies will turn a blind eye to one accident before hitting you with a surcharge so long as you are claim-free prior to the accident.
  • Defensive Driver Discounts – Passing a defensive driving course may get you a small discount if your company offers it.
  • Full Payment Discount – If you can afford to pay the entire bill rather than paying in monthly installments you could save 5% or more.

Policy discounts save money, but some of the credits will not apply to the entire policy premium. A few only apply to specific coverage prices like comp or med pay. So when the math indicates you could get a free car insurance policy, that’s just not realistic.

Popular car insurance companies and a selection of discounts are outlined below.

  • State Farm includes discounts for anti-theft, good student, safe vehicle, driver’s education, and passive restraint.
  • Liberty Mutual has discounts for new vehicle discount, new move discount, multi-policy, newly retired, safety features, good student, and newly married.
  • American Family may include discounts for TimeAway discount, good student, multi-vehicle, accident-free, mySafetyValet, early bird, and good driver.
  • Progressive has savings for online quote discount, multi-policy, online signing, continuous coverage, good student, multi-vehicle, and homeowner.
  • Farmers Insurance policyholders can earn discounts including switch companies, pay in full, bundle discounts, electronic funds transfer, distant student, and good student.
  • Auto-Owners Insurance offers premium reductions for multiple vehicles, paperless, mature driver, safe vehicle, multi-policy, and anti-lock brakes.
  • SAFECO discounts include safe driver, anti-theft, homeowner, teen safety rewards, bundle discounts, and accident prevention training.

Before purchasing a policy, check with all companies you are considering what discounts are available to you. Some of the discounts discussed earlier may not apply to policyholders in your area. To see providers with discount rates, click here.

Insurance coverage can get complicated

When choosing coverage, there really is no cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions might help in determining whether your personal situation may require specific advice.

  • When can I cancel my policy?
  • Are all vehicle passengers covered by medical payments coverage?
  • Will my rates increase for filing one claim?
  • Is motorclub coverage worth it?
  • Can I still get insurance after a DUI?
  • Does insurance cover tools stolen from my truck?
  • Who is covered when they drive my 2018 Lexus RC 300?
  • Where can I find high-risk insurance?
  • Am I covered if I hit a deer?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Coverage specifics

Knowing the specifics of your auto insurance policy can be of help when determining which coverages you need for your vehicles. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages found on most auto insurance policies.

Coverage for collisions

Collision coverage pays for damage to your RC 300 resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like crashing into a ditch, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits are set the same as your liablity limits.

Comprehensive coverage

This 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 coverage pays for claims such as damage from flooding, damage from a tornado or hurricane, damage from getting keyed and vandalism. The maximum amount you can receive from a comprehensive 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.

Liability car insurance

Liability insurance provides protection from damage that occurs to a person or their property that is your fault. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against claims such as attorney fees, structural damage and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for bills for ambulance fees, X-ray expenses and funeral costs. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

In any little way, save everyday

In this article, we covered many ideas to get a better price on 2018 Lexus RC 300 insurance. The key thing to remember is the more you quote insurance, the better chance you’ll have of finding low cost insurance. Drivers may discover the lowest priced auto insurance comes from the smaller companies. They may cover specific market segments cheaper as compared to the big name companies such as State Farm and Allstate.

More affordable auto insurance can be sourced online and with local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who may not have rates over the internet and most of the time these smaller companies only sell coverage through independent agents.

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