2008 Lexus RX 350 Insurance Rates – 10 Tips for Cheaper Quotes

Want cheaper insurance rates for your Lexus RX 350? Car owners that are new to comparing auto insurance rates on the internet may find purchasing the cheapest car insurance is quite challenging.

You need to do price comparisons before your policy renews because insurance rates tend to go up over time. Despite the fact that you may have had the best rate for RX 350 coverage two years ago you may be paying too much now. Forget all the misinformation about insurance because I’m going to let you in on the secrets to one of the best ways to find better coverage at a better price.

If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using these methods. Locating the cheapest insurance coverage is easy if you know what you’re doing. Nevertheless, consumers can benefit by having an understanding of the way companies sell online and take advantage of how the system works.

Cheap auto insurance quotes

Shopping for lower auto insurance rates can take hours if you don’t know the fastest way to get free quotes. You can waste a few hours (or days) driving to agents in your area, or you could save time and use the internet to get rates in a matter of minutes.

All the larger companies belong to an insurance system that enables customers to enter their policy data once, and each participating company then returns a price quote determined by their information. This saves time by eliminating form submissions for every auto insurance company.

To use this form to compare rates click here to open in new window.

The single downside to comparing rates this way is you can’t choose which providers you want to price. If you would rather choose from a list of companies to request quotes from, we have assembled a list of companies who write auto insurance in your area. Click here for list of insurance companies.

The approach you take is up to you, just make darn sure you compare nearly identical coverages and limits for each quote you get. If the quotes have differing limits it’s not possible to make an equal comparison. Slightly different coverages may result in a large different in cost. Just remember that more quotes increases your odds of finding more affordable insurance. Some companies don’t provide price estimates online, so you should also compare rates from those companies as well.

More discounts mean cheaper premiums

Car insurance is not an enjoyable expense, but discounts can save money and there are some available that may help make it more affordable. A few discounts will automatically apply when you get a quote, but a few must be inquired about before they will apply.

  • Drivers Education – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education as it will make them better drivers and lower rates.
  • Low Miles Discount – Driving less could earn substantially lower prices.
  • Club Memberships – Belonging to qualifying employment or professional organizations is a simple method to lower premiums on your policy.
  • Drive Safe and Save – Safe drivers may save up to 50% more for RX 350 coverage than less cautious drivers.
  • Online Discount – Many insurance companies will provide an incentive shop car insurance on the internet.
  • Distant Student Discount – Kids who live away from home to go to college and do not have a car may qualify for this discount.
  • Accident Free – Drivers who don’t have accidents can earn big discounts compared to accident-prone drivers.
  • Buy New and Save – Insuring a vehicle that is new may earn a small discount because newer vehicles keep occupants safer.
  • Discount for Swiching Early – Some companies give discounts for renewing your policy before your current expiration date. It can save you around 10%.
  • Seat Belts Save – Drivers who require all vehicle occupants to buckle their seat belts can save a little off the personal injury premium cost.

While discounts sound great, it’s important to understand that some of the credits will not apply to your bottom line cost. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you could get a free car insurance policy, you won’t be that lucky. But any discount will cut the cost of your policy.

Larger car insurance companies and a partial list of their discounts are included below.

  • GEICO includes discounts for five-year accident-free, emergency military deployment, seat belt use, multi-vehicle, anti-lock brakes, and multi-policy.
  • Mercury Insurance may include discounts for good driver, multi-policy, good student, accident-free, and type of vehicle.
  • Farmers Insurance policyholders can earn discounts including pay in full, good student, homeowner, teen driver, switch companies, electronic funds transfer, and bundle discounts.
  • Auto-Owners Insurance offers discounts including safe vehicle, paperless, multiple vehicles, paid in full, company car, and group or association.
  • Liberty Mutual may offer discounts for teen driver discount, multi-car, multi-policy, hybrid vehicle, good student, and new graduate.
  • SAFECO has discounts for drive less, multi-car, teen safety rewards, accident prevention training, safe driver, teen safe driver, and anti-theft.
  • Progressive offers premium reductions for good student, online quote discount, homeowner, online signing, multi-vehicle, and multi-policy.
  • USAA may have discounts that include driver training, defensive driver, good student, vehicle storage, and safe driver.

Before you buy a policy, ask every company which discounts you may be entitled to. A few discounts might not be offered on policies in every state. If you would like to see a list of insurance companies that offer the discounts shown above, click this link.

It’s not one size fits all

When it comes to buying the best insurance coverage, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For instance, these questions can help discover whether your personal situation would benefit from professional advice.

  • Do I benefit by insuring my home with the same company?
  • Does my insurance cover my expensive audio equipment?
  • Do I need to file an SR-22 for a DUI in my state?
  • Is business property covered if stolen from my car?
  • I have a DUI can I still get coverage?
  • Am I better off with higher deductibles on my 2008 Lexus RX 350?
  • Do I need PIP coverage since I have good health insurance?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Car insurance coverage information

Knowing the specifics of your car insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive coverage

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a deer, hail damage and a broken windshield. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability insurance

Liability coverage will cover damage or injury you incur to a person or their property. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage protects against things like legal defense fees, medical expenses, medical services and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Collision coverage protection

This pays for damage to your RX 350 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like damaging your car on a curb, crashing into a building, sustaining damage from a pot hole and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for short-term medical expenses for ambulance fees, hospital visits, X-ray expenses, chiropractic care and pain medications. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. They cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Lexus RX 350.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Frequently these limits are set the same as your liablity limits.

Shop around and save

In this article, we covered a lot of information how to reduce 2008 Lexus RX 350 insurance car insurance rates online. The key concept to understand is the more companies you get premium rates for, the better likelihood of getting inexpensive car insurance. You may be surprised to find that the lowest car insurance rates come from a small mutual company.

Drivers who switch companies do it for a number of reasons such as being labeled a high risk driver, unfair underwriting practices, high prices and high rates after DUI convictions. It doesn’t matter why you want to switch finding the right insurance provider can be pretty painless.

Some insurance companies do not offer internet price quotes and these small, regional companies provide coverage only through independent agents. Lower-priced 2008 Lexus RX 350 insurance is available on the web and with local insurance agents, so you should compare both to have the best rate selection.

Additional insurance information can be found at these links: