Compare 2014 Lexus ES 350 Insurance Rates

No one in their right mind gets a kick out of paying for auto insurance, in particular when the prices are way too high. Numerous insurers battle to insure your vehicles, and because of this it can be hard to compare car insurance companies to find the lowest rate possible.

Why you might pay increased rates

Part of the car insurance buying process is learning the different types of things that help determine car insurance rates. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that may reward you with lower rates. Lots of factors are considered when premium rates are determined. Some of the criteria are obvious like an MVR report, but some are not as apparent such as your marital status or your vehicle rating.

The factors shown below are some of the items utilized by car insurance companies to help set your premiums.

• Your location is important – Choosing to live in areas with lower population can save you money when buying car insurance. Drivers in populated areas regularly have congested traffic and higher rates of accident claims. Fewer drivers and short commutes translates into fewer accidents and lower theft and vandalism rates.
• Better prices with anti-theft devices – Purchasing a vehicle that has an advanced theft prevention system can save you some money. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your car from being stolen.
• Teenagers vs. experienced drivers – Older insureds tend to be more responsible, tend to cause fewer accidents and receive fewer citations.Beginning drivers have been known to be inattentive and easily distracted when behind the wheel so car insurance rates are higher.
• Vehicles with better crash test results mean better rates – Vehicles with good safety scores cost less to insure. Highly rated vehicles reduce occupant injuries and lower rates of occupant injuries means lower claim amounts passed on to you as lower rates.

Affordable auto insurance quotes with discounts

Some providers don’t necessarily list every policy discount in a way that’s easy to find, so the list below gives a summary of a few of the more common in addition to some of the lesser obvious savings tricks you should be using when you buy auto insurance online.

• Federal Employees – Simply working for the federal government could provide a small rate reduction on ES 350 coverage with some auto insurance companies.
• Save with More Vehicles Insured – Drivers who insure multiple vehicles with the same company can get a discount on all vehicles.
• Service Members Pay Less – Being deployed in the military may lower your premium rates slightly.
• Student in College – Kids living away from home attending college and leave their car at home can receive lower rates.
• New Vehicle Savings – Insuring a new car may earn a small discount because newer models keep occupants safer.

You should keep in mind that many deductions do not apply to the entire cost. Most only apply to the cost of specific coverages such as medical payments or collision. Even though the math looks like you would end up receiving a 100% discount, it doesn’t quite work that way. Any qualifying discounts will positively reduce your policy premium.

Some of the insurance companies that possibly offer most of these discounts possibly include:

• Geico
• Auto-Owners Insurance
• American Family
• Esurance
• Progressive
• State Farm
• AAA

If you need lower rates, check with each company or agent to apply every possible discount. Some credits may not apply to policyholders in your state.

Tailor your auto insurance coverage to you

When buying coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions could help you determine if your situation would benefit from professional advice.

• What is the ISO rating for a 2014 Lexus ES 350?
• Can I drive in Mexico and have coverage?
• Is my trailer covered?
• Is my teen driver covered when they drive my company car?
• Do I get a pro-rated refund if I cancel my policy early?
• Does liability extend to a camper or trailer?
• Am I covered by my spouse’s policy after a separation?
• Does car insurance cover theft of personal property?
• Are my tools covered if they get stolen from my vehicle?

If you can’t answer these questions, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Car insurance coverages explained

Having a good grasp of your car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types found on the average car insurance policy.

Auto liability

Liability coverage can cover injuries or damage you cause to other’s property or people by causing an accident. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims like emergency aid, loss of income and funeral expenses. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Coverage for medical payments

Med pay and PIP coverage pay for expenses such as rehabilitation expenses, hospital visits and EMT expenses. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverages

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, rock chips in glass, hail damage, damage from a tornado or hurricane and damage from flooding. The most your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and damage to your 2014 Lexus ES 350.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Collision protection

Collision coverage pays to fix your vehicle from damage from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like backing into a parked car, damaging your car on a curb and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Don’t break the bank

Some insurance providers may not offer internet price quotes and usually these small insurance companies prefer to sell through independent insurance agents. Affordable 2014 Lexus ES 350 insurance is possible on the web and from local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money.

As you prepare to switch companies, make sure you don’t buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped uninsured motorist or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy a smart amount of coverage at the best cost and still be able to protect your assets.

Even more information can be read in the articles below:

• Teen Driving Statistics (iihs.org)
• Rental Car Insurance Tips (Insurance Information Insitute)
• What is a Telematics Device? (Allstate)
• Auto Crash Statistics (Insurance Information Insitute)