Save Money on Lexus ES 350 Insurance in Lubbock

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Insurance for Lexus ES 350The best way to get discount Lexus ES 350 insurance is to regularly compare price quotes from different companies that sell auto insurance in Lubbock.

  1. Try to learn a little about how your policy works and the factors you can control to lower rates. Many risk factors that are responsible for high rates such as at-fault accidents and a poor credit rating can be improved by making minor changes in your lifestyle.
  2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from one company like GEICO or Allstate, while independent agencies can provide price quotes for many different companies.
  3. Compare the new quotes to your current policy to see if a cheaper rate is available. If you find a lower rate quote and buy the policy, verify that coverage does not lapse between policies.
  4. Provide adequate notice to your current company to cancel your current car insurance policy. Submit a down payment along with a signed application to the new company. As soon as coverage is bound, store the certificate of insurance in your vehicle.

One key aspect of rate comparisons is to make sure you're comparing the same liability limits and deductibles on every price quote and and to look at as many companies as possible. This provides the most accurate price comparison and maximum price selection.

Unbelievable but true, most insurance buyers kept buying from the same company for over three years, and nearly half have never taken the time to shop around. With the average premium in Texas being $2,700, drivers can cut their rates by up to $1,770 a year, but most just don't grasp the amount of savings they would get if they replace their high priced policy.

Best Lexus ES 350 insurance prices in Texas

The providers in the list below provide comparison quotes in Texas. If you wish to find cheap auto insurance in Texas, it's highly recommended you click on several of them in order to find the most affordable rates.

Rates and other information

The premium table displayed below outlines detailed analysis of insurance rates for Lexus ES 350 models. Being more informed about how auto insurance policy rates are established is important for you to make decisions on which insurance to purchase.

Lexus ES 350 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $176 $352 $304 $18 $92 $942 $79
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in garaging location in Lubbock which can change rates considerably.

Physical damage deductibles

One common question asked by Lubbock drivers is how high or low should comp and collision deductibles be. The comparison tables below may help to illustrate the rate fluctuation between low and high deductibles. The first rate table uses a $100 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Lexus ES 350 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $412 $804 $324 $20 $96 $1,681 $140
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Lexus ES 350 insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $228 $424 $324 $20 $96 $1,092 $91
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Premium costs do not factor in vehicle location which can affect insurance rates considerably.

Based on the data above, we can derive that using a $100 deductible will cost you roughly $49 more each month or $588 for a full year across all Lexus ES 350 models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 18 months between claims, you would probably come out ahead by going with a higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $140
Average monthly premium for $1,000 deductibles (subtract): - $91
Monthly savings from raising deductible: $49
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $49
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One important caveat is that increasing deductibles to lower your rates results in more money out-of-pocket when you do file a claim. You need some extra funds in order to pay the higher deductible.

Gender-based auto insurance rates

The example below compares Lexus ES 350 insurance premiums for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, comp and collision included, $250 deductibles, drivers are single, and no discounts are applied.

Affordable Lubbock insurance rates with discounts

Companies that sell car insurance do not advertise their entire list of discounts very clearly, so below is a list some of the more common in addition to some of the lesser obvious credits available to you.Cheaper insurance with discounts

  • Low Mileage Discounts - Keeping the miles down on your Lexus can earn lower insurance rates due to less chance of an accident.
  • Discount for Passive Restraints - Factory options such as air bags or automatic seat belts could see savings of 20 to 30 percent.
  • Payment Discounts - By paying your policy upfront instead of making monthly payments you can actually save on your bill.
  • Data Collection Discounts - People who choose to allow their insurance company to monitor where and when they drive by installing a telematics device such as In-Drive from State Farm or Allstate's Drivewise system could save a few bucks if they have good driving habits.
  • Multi-Vehicle Discounts - Buying a policy with multiple cars or trucks on a single policy may reduce the rate for each vehicle.
  • Driver Safety - Taking part in a course in safe driver may get you a small discount and make you a better driver.
  • Accident Free - Insureds who avoid accidents and claims can earn big discounts as compared to insureds who have frequent claims or accidents.
  • Life Insurance Discount - Select companies reward you with better prices if you take out some life insurance in addition to your auto policy.

Consumers should know that some credits don't apply to your bottom line cost. Most cut the cost of specific coverages such as collision or personal injury protection. So when it seems like you could get a free insurance policy, you won't be that lucky. Any qualifying discounts will cut the cost of your policy.

The diagram below shows the difference between Lexus ES 350 auto insurance costs with and without policy discounts. The prices are based on a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, multi-car, safe-driver, and homeowner discounts applied.

Some of the insurance companies that may offer quotes with these money-saving discounts include:

Double check with each company which credits you are entitled to. Some credits might not be offered on policies in every state. If you would like to choose from a list of insurers that offer multiple discounts in Texas, click here.

Choices You Make Can Impact Your Insurance Costs

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the elements that help calculate your auto insurance rates. If you know what impacts premium levels, this helps enable you to make changes that may result in big savings. Lots of factors are part of the equation when pricing auto insurance. A few of the factors are predictable like a motor vehicle report, but other criteria are less apparent like where you live or how financially stable you are.

The following are some of the things used by your company to calculate your premiums.

Eliminate unneeded extra coverages - There are a ton of additional extra coverages you can purchase if you aren't careful. Insurance for personal injury protection, accident forgiveness, and membership fees may be costing you every month. These may sound like a good investment when deciding what coverages you need, but your money might be better spent on other coverage so consider taking them off your policy.

Higher rates for specific jobs - Did you know your auto insurance rates can be affected by your occupation? Careers like lawyers, police officers, and financial analysts tend to have higher premiums than the average policyholder because of job stress and long work days. Other occupations such as professors, athletes and the unemployed pay lower than average rates.

Single drivers take more risk - Your spouse can actually save you money when buying auto insurance. Marriage means you're more stable financially and statistics prove drivers who are married are more cautious.

Small claims can cost you - If you file a lot of claims you can definitely plan on either a policy non-renewal or much higher rates. Companies in Texas provide the best rates to people who file claims infrequently. Your car insurance is designed for claims that pose a financial burden.

Responsible drivers pay lower premiums - Drivers with clean records get better rates as compared to those with violations. Only having one speeding ticket can increase the cost of insurance by twenty percent. Drivers who get license-revoking violations like DWI, reckless driving or hit and run convictions may find that they have to to prove financial responsibility with their state motor vehicle department in order to prevent a license revocation.

The information below shows how traffic citations and accident claims can raise Lexus ES 350 insurance prices for each age group. The data assumes a married male driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.

More miles driven equals more premium - The more you drive your Lexus in a year's time the more you will pay for auto insurance. Almost all companies calculate rates determined by how the vehicle is used. Vehicles not used for work or commuting get more affordable rates as compared to vehicles used primarily for driving to work. Double check that your auto insurance coverage is showing how each vehicle is driven. Having the wrong rating on your ES 350 can cost quite a bit.

Lexus ES 350 insurance loss probability - Companies analyze historical claim data when they calculate premium costs for each model. Models that the data determines to have increased claim numbers or amounts will be charged more to insure. The data below shows the insurance loss data for Lexus ES 350 vehicles.

For each insurance policy coverage type, the claim probability for all vehicles as a whole is set at 100. Numbers under 100 indicate better than average losses, while values over 100 indicate frequent claims or statistically larger losses.

Insurance Loss Ratings for Lexus ES 350 Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lexus ES 350 4dr 126 79 160 91 100 78
BETTER
AVERAGE
WORSE

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

Local Lubbock insurance agencies and auto insurance

A small number of people still like to visit with an insurance agent and that is OK! A nice benefit of getting free rate quotes online is that drivers can save money and get cheap auto insurance quotes and still buy from a local agent.

Lubbock insurance agentsTo make it easy to find an agent, after completing this short form, the coverage information is transmitted to participating agents in Lubbock that can give you free Lubbock car insurance quotes for your auto insurance coverage. It's much easier because you don't need to search for any insurance agencies since rate quotes are delivered immediately to you. You can find better rates without requiring a lot of work. If you wish to get a rate quote from a particular provider, you would need to visit that company's website and fill out the quote form the provide.

Picking the best company should include more criteria than just the price. These are some questions you should get answers to.

  • Will the quote change when the policy is issued?
  • What is the financial rating for the quoted company?
  • How much experience to they have in personal lines coverages?
  • Can glass claims be handled at your home?
  • Do they have any clout with companies to ensure a fair claim settlement?

Car insurance agents in Lubbock come in two varieties

When finding a local Lubbock insurance agency, it's important to understand the types of agencies and how they can service your needs differently. Insurance agencies in Lubbock are considered either exclusive or independent.

Exclusive Agencies

These type of agents can only provide one company's prices such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot give you multiple price quotes so you need to shop around if the rates are high. Exclusive agencies are trained well on their company's products which can be an advantage. Consumers often use the same agent mostly because of high brand loyalty instead of buying on price only.

Shown below are Lubbock exclusive insurance agencies willing to provide rate quotes.

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Independent Agents (or Brokers)

Agents that elect to be independent are not required to write business for one company so they have the ability to put coverage with lots of companies and get the cheapest rates. If your premiums go up, they simply move your policy to a different company and you won't have to switch agencies. If you are comparing rate quotes, we recommend you get insurance quotes from a couple of independent agencies to maximize your price options. Many can place coverage with mutual insurance companies which could offer lower prices.

The following is a list of independent insurance agents in Lubbock who can help you get rate quotes.

More insurance agents

Cheap rates are available

Throughout this article, we presented some good ideas how you can save on Lexus ES 350 insurance in Lubbock. The key thing to remember is the more rate comparisons you have, the better chance you'll have of finding cheaper Lubbock car insurance quotes. You may even be surprised to find that the most savings is with the least-expected company.

People switch companies for any number of reasons including policy non-renewal, an unsatisfactory settlement offer, being labeled a high risk driver and denial of a claim. Regardless of your reason, finding the right auto insurance provider is pretty simple and you could end up saving a buck or two.

While you're price shopping online, never buy less coverage just to save a little money. Too many times, an insured cut full coverage only to discover later that their decision to reduce coverage ended up costing them more. Your goal should be to get the best coverage possible for the lowest cost, but do not skimp to save money.

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