Find Affordable Lexus RX 350 Insurance in Scottsdale

A study showed that a large majority of auto insurance policyholders kept their policy with the same company for a minimum of four years, and just short of a majority have never even compared quotes to find lower-cost rates. Scottsdale drivers could cut their rates by approximately $733 a year just by shopping around, but they feel it’s too difficult to shop around.

It takes a few minutes, but the best way to get the cheapest Lexus RX 350 insurance is to compare prices at least once a year from companies who sell auto insurance in Scottsdale.

• First, try to learn about how car insurance works and the changes you can make to lower rates. Many rating criteria that are responsible for high rates such as speeding tickets, accidents and a lousy credit rating can be remedied by improving your driving habits or financial responsibility.
• Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can quote prices for a wide range of companies. Select a company
• Third, compare the new rate quotes to your existing coverage to determine if you can save on RX 350 insurance. If you find a better price, make sure coverage does not lapse between policies.
• Fourth, notify your current company of your intention to cancel your current auto insurance policy. Submit the signed application along with the required initial payment to the new company. Once the application is submitted, put the certificate verifying coverage in an accessible location in your vehicle.

A good piece of advice is that you’ll want to compare identical coverage information on every price quote and and to get price estimates from as many carriers as you can. This enables a fair price comparison and maximum price selection.

If you are insured now or are shopping for new coverage, use these techniques to reduce premiums and still get good coverage. The purpose of this article is to teach you the best ways to compare prices and also save some money in the process Shoppers just have to use the proper methods to shop for car insurance from many different companies.

Finding a better price on insurance is not a difficult process. Consumers just need to take the time to compare rates to see which company has low cost Scottsdale auto insurance quotes.

The providers in the list below provide comparison quotes in Arizona. In order to find cheaper car insurance in Scottsdale, AZ, we suggest you click on several of them to get a more complete price comparison.

Choosing the best Lexus RX 350 insurance in Arizona is an important decision

Despite the potentially high cost of Lexus RX 350 insurance, insuring your vehicle is required for several reasons.

• Most states have mandatory insurance requirements which means state laws require a specific level of liability insurance coverage if you drive a vehicle. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you took out a loan on your Lexus, it’s guaranteed your bank will require that you have full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Lexus at an extremely high rate and require you to pay the higher premium.
• Auto insurance protects both your Lexus RX 350 and your personal assets. It will also provide coverage for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability insurance will also pay attorney fees if anyone sues you for causing an accident. If you have damage to your Lexus as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.

The benefits of insuring your RX 350 definitely exceed the cost, particularly if you ever have a claim. An average driver in America is overpaying over $830 a year so smart consumers compare quotes every year to ensure rates are inline.

Lexus RX 350 insurance coverage information

The price information displayed below highlights a range of insurance prices for Lexus RX 350 models. Having a good understanding how auto insurance policy rates are calculated can help customers make decisions on which coverage to buy.

Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Prices do not factor in garaging location in Scottsdale which can increase or decrease coverage rates considerably.

Policy deductible comparison

A question often asked by Scottsdale drivers is how high or low should comp and collision deductibles be. The comparison tables below sum up the rate fluctuation between low and high deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second data table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Table data does not factor in Scottsdale location which can increase or decrease prices significantly.

Based on the figures above, using a $100 deductible will cost in the ballpark of $39 more each month or $468 each year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go more than 23 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

An important sidenote is that raising deductibles means you will have to pay more when you have to file a claim. You must have some funds available in the event you have to pay the deductible.

Tickets and at-fault accidents raise rates

The example below shows how speeding tickets and at-fault accidents can raise Lexus RX 350 annual premium costs for each different age category. The information is based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Rate difference between full and liability-only coverage

The illustration below illustrates the difference between Lexus RX 350 auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no accidents, no driving violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no definitive formula to stop paying for physical damage coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Lexus RX 350 book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after the policy deductible has been paid. If it’s costing in excess of $700 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where dropping full coverage is not a good idea. If you still have a lienholder on your title, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Don’t overlook these Lexus RX 350 insurance discounts

Insurance is easily one of your largest bills, but you may be missing some discounts to reduce the price significantly. Some trigger automatically at the time of purchase, but a few need to be specifically requested before you will receive the discount.

• Air Bags and Passive Restraints – Factory air bags and/or automatic seat belt systems may get savings of 25 to 30%.
• Accident Forgiveness Coverage – This one isn’t a discount, but a handful of insurance companies will let one accident slide before they charge you more for coverage so long as you haven’t had any claims for a specific time period.
• Good Student – A discount for being a good student may save as much as 25% on a Scottsdale auto insurance quote. Earning this discount can benefit you up until you turn 25.
• Responsible Driver Discount – Insureds who avoid accidents may save up to 50% more as compared to drivers with claims.
• Senior Citizen Rates – Older drivers can get a small decrease in premiums.
• College Student Discount – Children who live away from home at college and don’t have a car could get you a discount.

Remember that most discounts do not apply to all coverage premiums. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Even though it appears adding up those discounts means a free policy, insurance companies wouldn’t stay in business. But all discounts will lower your overall bill.

The illustration below compares Lexus RX 350 insurance costs with and without some available policy discounts. The premiums assume a male driver, no driving violations, no at-fault accidents, Arizona state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, multi-car, claim-free, and multi-policy discounts applied.

Large insurance companies and the discounts they provide include:

• GEICO offers discounts including anti-theft, anti-lock brakes, seat belt use, air bags, and federal employee.
• MetLife offers discounts for multi-policy, defensive driver, accident-free, good student, good driver, and claim-free.
• State Farm may have discounts that include safe vehicle, passive restraint, multiple policy, Drive Safe & Save, and driver’s education.
• Progressive may offer discounts for online signing, multi-vehicle, online quote discount, good student, multi-policy, continuous coverage, and homeowner.
• Mercury Insurance offers premium reductions for age of vehicle, multi-car, multi-policy, location of vehicle, good driver, annual mileage, and type of vehicle.
• 21st Century has discounts for automatic seat belts, good student, teen driver, air bags, defensive driver, theft prevention, and early bird.
• Allstate includes discounts for passive restraint, teenSMART discount, premier discount, utility vehicle, and senior citizen.

Check with all companies you are considering which credits you are entitled to. Some of the earlier mentioned discounts may not be offered everywhere. To choose insurance companies with discount insurance rates in Arizona, follow this link.

How to find a good Scottsdale auto insurance company

Finding the right insurance provider can be challenging considering how many companies sell insurance in Scottsdale. The company information in the next section could help you decide which car insurance companies you want to consider buying from.