Affordable Quotes for Lexus RX 350 Insurance in Lubbock

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Astonishing but true, 70% of consumers have remained with the same car insurance company for at least the last four years, and practically 40% of car insurance customers have never compared car insurance rates at all. American drivers could save an average of as much as $850 each year by just shopping around, but they don't believe the benefits if they bought a different policy.

Discount Lexus RX 350 insuranceThe most effective way to find affordable car insurance rates is to make a habit of comparing prices annually from different companies in Lubbock. Rate comparisons can be done by following these steps.

  1. Read and learn about how your policy works and the factors you can control to prevent rate increases. Many things that are responsible for high rates like multiple speeding tickets and a poor credit score can be rectified by making minor changes to your lifestyle.
  2. Compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like Progressive or State Farm, while independent agents can give you price quotes for a wide range of companies.
  3. Compare the new quotes to the price on your current policy to determine if switching companies saves money. If you can save some money and make a switch, make sure there is no coverage gap between policies.

A valuable tip to remember is that you use the same amount of coverage on every quote and to quote with as many carriers as you can. Doing this provides an apples-to-apples comparison and many rates to choose from.

Finding quotes for the lowest cost auto insurance coverage in Lubbock is not as time-consuming as you think. If you're already insured or just want cheaper rates, use these cost-cutting techniques to find the best rates without reducing protection. Drivers just have to learn the quickest method to compare prices instantly.

Lowering your insurance rates can be surprisingly simple. You just need to take time comparing rates online with multiple companies.

The providers in the list below are our best choices to provide quotes in Texas. If multiple companies are listed, it's a good idea that you get price quotes from several of them to find the lowest car insurance rates.

Get cheap Lexus RX 350 insurance in Lubbock with discounts

Companies don't always list all discounts in an easy-to-find place, so the below list has both the well known as well as the least known credits available to bring down your rates. If you're not getting every credit you qualify for, you are paying more than you should be.Cheaper car insurance with discounts

  • Payment Discounts - If paying your policy premium upfront instead of paying each month you can actually save on your bill.
  • Life Insurance Discount - Not every insurance company offers life insurance, but if they do you may earn a lower rate if you buy life insurance from them.
  • Low Mileage Discounts - Keeping the miles down on your Lexus can qualify you for discounted premium rates on garaged vehicles.
  • Drive Safe and Save - Drivers who don't get into accidents can save as much as half off their rates as compared to drivers with claims.
  • Multi-car Discount - Buying insurance for multiple vehicles with the same company may reduce the rate for each vehicle.
  • ABS Braking Discount - Cars, trucks, and SUVs with ABS and/or traction control can avoid accidents and the ABS can save up to 10%.
  • Switch and Save Discount - Some companies reward drivers for switching companies before your current expiration date. Ten percent is about the average savings.
  • Drivers Education - It's a good idea to have your young drivers successfully complete driver's ed class if offered at their school.
  • Online Discount - Many insurance companies will give you a small discount for buying a policy and signing up digitally online.
  • Discount for Multiple Policies - If you can bundle your homeowners and auto insurance with the same insurance company you may save at least 10% off all policies.

As is typical with insurance, most credits do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like medical payments or collision. So even though you would think all those discounts means the company will pay you, car insurance companies aren't that generous. But all discounts will lower the premium cost.

The chart below shows the difference between Lexus RX 350 auto insurance rates with and without discounts applied. The premium estimates are based on a female driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, safe-driver, multi-car, and multi-policy discounts applied.

Large car insurance companies and some of their more popular discounts are included below.

  • GEICO offers discounts including defensive driver, daytime running lights, multi-vehicle, five-year accident-free, and anti-lock brakes.
  • USAA may include discounts for defensive driver, military installation, vehicle storage, multi-vehicle, driver training, loyalty savings, and good student.
  • Progressive policyholders can earn discounts including good student, online signing, online quote discount, continuous coverage, and homeowner.
  • American Family has savings for accident-free, mySafetyValet, good driver, early bird, and good student.
  • Esurance may offer discounts for multi-policy, defensive driver, renters, online shopper, homeowner, and paid-in-full.
  • Farmers Insurance includes discounts for pay in full, electronic funds transfer, multi-car, switch companies, bundle discounts, and mature driver.
  • State Farm offers discounts for Steer Clear safe driver discount, multiple policy, safe vehicle, anti-theft, and good student.

If you need the cheapest Lexus RX 350 rate quotes, ask every insurance company to apply every possible discount. Savings may not be offered in Lubbock. For a list of companies that offer the discounts shown above in Lubbock, click this link.

Auto insurance analysis for a Lexus RX 350

The price information displayed next outlines a range of coverage prices for Lexus RX 350 models. Having insight into how car insurance premiums are calculated can help drivers make decisions on the best policy to buy.

Lexus RX 350 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $288 $572 $414 $24 $124 $1,422 $119
RX 350 4WD $288 $572 $414 $24 $124 $1,422 $119
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Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rates do not factor in zip code location which can revise coverage rates noticeably.

Comparison of policy deductibles

One of the most common auto insurance questions is how low should you set your deductibles. The premium rates below can help you visualize the rate differences of buying low and high coverage deductibles. The first rate quote example uses a $250 deductible and the second price grid uses a $500 deductible.

Lexus RX 350 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $370 $672 $430 $26 $128 $1,651 $138
RX 350 4WD $370 $672 $430 $26 $128 $1,651 $138
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Lexus RX 350 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $300 $542 $430 $26 $128 $1,426 $119
RX 350 4WD $300 $542 $430 $26 $128 $1,426 $119
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Table data does not factor in Lubbock location which can change price quotes substantially.

Based on this data, using a $250 deductible costs approximately $19 more each month or $228 for a full year than choosing the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 13 months between claim filings, you would probably save some money if you decide on a higher deductible. The numbers below show how we made this calculation.

Average monthly premium for $250 deductibles: $138
Average monthly premium for $500 deductibles (subtract): - $119
Monthly savings from raising deductible: $19
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One thing to be aware of is that increasing deductibles to lower your rates means you will have to pay more of your own money when you have to file a claim. That will necessitate some non-essential savings in the event you have to pay the deductible to have repairs made.

Auto insurance rates by gender and age in Lubbock

The information below illustrates the comparison of Lexus RX 350 auto insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

Lexus RX 350 full coverage rates compared to liability only

The diagram below compares Lexus RX 350 insurance costs with and without full coverage. The data is based on no claims or driving violations, $100 deductibles, single status, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no exact formula that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let's say your Lexus RX 350 settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after the policy deductible has been paid. If premiums are more than $400 annually for full coverage, then you might consider buying liability only.

There are some cases where dropping full coverage is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

What Determines Lexus RX 350 Insurance Prices?

The best way to find cheaper car insurance is to take a look at some of the factors that go into determining the rates you pay for car insurance. When consumers understand what controls the rates you pay, this helps enable you to make changes that will entitle you to big savings.

Rates may be lower depending on your occupation - Occupational choices like judges, air traffic controllers, and stock brokers have higher premiums than the average policyholder because of high stress levels and long work days. Conversely, occupations such as professors, students and the unemployed have the lowest average rates.

Vehicle risk influences costs - The performance of the vehicle you own makes a huge difference in your rates. The cheapest insurance rates are for low performance passenger models, but the final cost of insurance is determined by many other factors.

The chart below uses these variables: married male driver age 20, full coverage with $500 deductibles, and no discounts or violations. It compares Lexus RX 350 insurance premiums compared to other models that have different risk factors.

Small frequent car insurance claims are not good - Companies in Texas generally give better rates to drivers who do not rely on their insurance for small claims. If you frequently file small claims, you can pretty much guarantee higher premiums or even policy non-renewal. Auto insurance is designed for the bigger claims that can't be paid out-of-pocket.

Experienced drivers pay less - More experienced drivers tend to be more responsible, tend to file fewer claims, and tend to be get fewer driving tickets. Beginning drivers are statistically proven to be more careless behind the wheel so they pay higher car insurance rates.

The following chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Alarm systems save money - Purchasing a vehicle with a theft deterrent system can help lower your premiums. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping car theft and help bring rates down.

Insure car and home with the same company - Many car insurance companies provide discounts to buyers who carry more than one policy, otherwise known as a multi-policy discount. Discounts can add up to 10 percent or more. Even with this discount applied, it's always a smart idea to shop around to help ensure you have the lowest rates.

Insurance loss data for Lexus RX 350 vehicles - Companies analyze the history of losses when they file their rates in each state. Models that tend to have increased losses will have increased rates. The table below outlines the insurance loss data used by companies for Lexus RX 350 vehicles.

For each policy coverage, the loss probability for all vehicles combined as an average equals 100. Values that are 100 or less indicate better than average losses, while values that are above 100 indicate frequent claims or a tendency for losses to be larger than average.

Auto Insurance Loss Data for Lexus RX 350 Models
Make and 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Get rate quotes but buy from a local neighborhood Lubbock car insurance agent

Some consumers just want to get professional advice from a licensed agent and that is recommended in a lot of cases Agents can make sure you are properly covered and help in the event of a claim. One of the best bonuses of getting online price quotes is you may find cheap rate quotes but still work with a licensed agent. And providing support for small agencies is especially important in Lubbock.

Insurance agency in LubbockTo help locate an agent, after submitting this form (opens in new window), your coverage information is emailed to local insurance agents who want to provide quotes for your business. You don't have to find an agent on your own since price quotes are sent immediately to your email address. If you have a need to get a rate quote from a specific car insurance provider, just find their quoting web page to submit a rate quote request.

Deciding on an company requires you to look at more than just a cheap quote. Some important questions to ask are:

  • Who are their largest clients?
  • Is the agent CPCU or CIC certified?
  • How are they compensated?
  • Does the company allow you to choose your own collision repair facility?
  • Which company do they place the most coverage with?

Tailor your auto insurance coverage to you

When selecting the right insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else's so this has to be addressed.Drive safe and save Here are some questions about coverages that could help you determine if your insurance needs could use an agent's help.

  • I have a DUI can I still get coverage?
  • Is my ex-spouse still covered by my policy?
  • What exactly is covered by my policy?
  • Should I buy additional glass protection?
  • Am I covered while delivering pizza?
  • Is my son or daughter covered when driving my car?

If you're not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

Be persistent and save

Some insurance providers do not provide the ability to get a quote online and usually these small insurance companies work with independent insurance agencies. Cost effective Lexus RX 350 insurance is possible on the web and from local agencies, so you need to compare both in order to have the best chance of saving money.

When getting Lubbock auto insurance quotes online, make sure you don't skimp on critical coverages to save a buck or two. There have been many situations where someone dropped full coverage and discovered at claim time they didn't purchase enough coverage. The aim is to buy enough coverage at the best price, but don't skip important coverages to save money.

We just showed you a lot of tips how to lower your Lexus RX 350 insurance rates in Lubbock. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest rates come from some of the smallest insurance companies. These smaller insurers can often provide lower car insurance rates in certain areas than their larger competitors like GEICO and State Farm.

Additional auto insurance information can be read at the links below