Finding better insurance prices for a new or used Lexus RX 300 can turn out to be a painful process, but you can learn a few tricks and make it easy. There are more efficient ways to shop for auto insurance and we’ll show you the quickest way to get price quotes for a new or used Lexus and locate the best price possible from both online companies and local agents.
It’s important to check auto insurance prices occasionally due to the fact that insurance rates change frequently. Just because you had the best rates for RX 300 insurance last year other companies may now be cheaper. Ignore everything you know about auto insurance because we’re going to demonstrate the tricks you need to know to find great coverage at a great price.
Choosing the best insurance company for you is quite easy. Just about everyone who carries auto insurance most likely will be able to cut their insurance bill. Although drivers do need to learn how big insurance companies determine prices and use this information to your advantage.
Take discounts and save
Companies offering auto insurance don’t always list every discount very clearly, so here is a list both the well known and the harder-to-find savings tricks you should be using.
- Life Insurance – Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
- Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
- Claim Free – Claim-free drivers can earn big discounts compared to accident-prone drivers.
- Passive Restraints – Vehicles equipped with air bags or motorized seat belts can qualify for discounts of more than 20%.
- Good Student – This discount can earn a discount of 20% or more. The good student discount can last well after school through age 25.
- One Accident Forgiven – A few companies permit an accident before raising your premiums so long as you haven’t had any claims prior to the accident.
It’s important to understand that most credits do not apply to the entire policy premium. Most only apply to individual premiums such as liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky.
Lexus RX 300 insurance rates are influenced by…
An important part of buying insurance is that you know some of the elements that help determine your auto insurance rates. When you know what positively or negatively controls the rates you pay enables informed choices that could result in lower auto insurance prices.
- Car features impact rates – Choosing a vehicle with a theft deterrent system can help lower your rates. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart auto theft.
- Bundling policies can get discounts – Some insurers give discounts to policyholders who carry more than one policy in the form of a multi-policy discount. Even with this discount, you may still want to shop around to ensure the best deal. Drivers may still find better rates by splitting coverages up.
- With age comes lower rates – More mature drivers tend to be more responsible, tend to cause fewer accidents and get fewer tickets. Youthful drivers are statistically proven to get distracted easily when driving and because of this, their auto insurance rates are much higher.
- Women pay lower rates – The statistics show women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. Both sexes cause accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get more serious tickets such as DWI and reckless driving.
How do I know if I need professional advice?
When it comes to choosing adequate coverage for your personal vehicles, there is no single plan that fits everyone. Every insured’s situation is different.
For example, these questions may help highlight whether or not you might need an agent’s assistance.
- Why does it cost so much to insure a teen driver?
- Are my friends covered when driving my Lexus RX 300?
- Which companies will insure high-risk drivers?
- When should I not file a claim?
- Does my insurance cover a custom paint job?
- When do I need to add a new car to my policy?
- Do I need PIP (personal injury protection) coverage in my state?
- What is the difference between comprehensive and collision coverage?
- Can I pay claims out-of-pocket if I buy high deductibles?
If you’re not sure about those questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form.
What if I want to buy from a local agent?
Certain consumers would rather talk to a local agent and that is a personal choice. The best thing about comparing rates online is you can get lower rates and still have an agent to talk to.
For easy comparison, once you complete this simple form, your insurance data is submitted to local insurance agents who will battle for your coverage. You don’t have to even leave your home as quotes are delivered to the email address you provide. How’s that for easy! It’s the lowest rates without the usual hassles of price shopping.
Choosing an provider needs to be determined by more than just a low price. Ask your prospective agent these questions:
- Do they assist clients in filing claims?
- Do the coverages you’re quoting properly cover your vehicle?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Is their price quote a firm figure or are their hidden costs?
- Which company do they place the most coverage with?
- Does the company allow you to choose your own collision repair facility?
- Do they make recommendations based only on price?
- How long has their agency been in business?
What type of insurance agent is right for you?
When finding local agents, you need to know there are two types of agencies to choose from. agents are categorized either independent (non-captive) or captive.
Captive Agents
This type of agents are contracted to one company and examples are Farmers Insurance, American Family, State Farm and Allstate. They are unable to provide prices from multiple companies so they are skilled at selling on more than just price. Captive agencies are trained well in insurance sales which helps them sell insurance even at higher premiums. Some consumers prefer to buy insurance from these agents primarily because of the brand legacy and the convenience of having all coverages with one company.
Independent Agencies or Brokers
Independent agents are not required to write business for one company so they can insure your vehicles with lots of companies and potentially find a lower price. To transfer your coverage to a different company, the agent simply finds a different carrier and you don’t have to find a new agent.
When shopping rates, it’s recommended you include price quotes from at a minimum one independent agency for maximum quote selection. Most have the option of insuring with smaller regional carriers which can be an advantage.
To view a full list of auto insurance agents, click here.
Upon receiving good answers to any questions you have as well as a affordable price, it’s possible that you found an auto insurance agent that meets your needs to provide auto insurance coverage.
Final thoughts
People who switch companies do it for a number of reasons such as unfair underwriting practices, high prices, denial of a claim or high rates after DUI convictions. No matter why you want to switch, finding a new company can be less work than you think.
The cheapest Lexus RX 300 insurance can be sourced online and with local insurance agents, and you need to comparison shop both to get a complete price analysis. Some companies do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.
While you’re price shopping online, it’s not a good idea to skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced uninsured motorist or liability limits only to regret that they should have had better coverage. The ultimate goal is to find the BEST coverage at an affordable rate while still protecting your assets.
