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.

Insurance quote for Lexus RX 350 in ScottsdaleIt 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.

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.

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.

Lexus RX 350 Insurance Rates in Scottsdale, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $204 $418 $382 $22 $114 $1,140 $95
RX 350 4WD $204 $418 $382 $22 $114 $1,140 $95
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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.

Lexus RX 350 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $324 $632 $338 $20 $102 $1,441 $120
RX 350 4WD $324 $632 $338 $20 $102 $1,441 $120
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Lexus RX 350 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $180 $334 $338 $20 $102 $974 $81
RX 350 4WD $180 $334 $338 $20 $102 $974 $81
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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.

How to determine if higher deductibles are a good idea

Average monthly premium for $100 deductibles: $120
Average monthly premium for $1,000 deductibles (subtract): – $81
Monthly savings from raising deductible: $39
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

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.Cheaper insurance with discounts

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:

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.

Top Auto Insurance Companies in Scottsdale
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies