2007 Lexus ES 350 Car Insurance Rates – 6 Ways to Save

Frustrated by the wide range of auto insurance providers that you can choose from? There are so many choices that it can easily become a lot of work to locate the lowest premium rates.

It’s a good habit to compare premium rates yearly since insurance prices fluctuate regularly. If you had the best rates for ES 350 insurance a few years ago other companies may now be cheaper. Ignore everything you know about auto insurance because you’re about to find out the right way to get good coverage at a lower rate.

Car insurance policy discounts

Companies don’t always advertise the entire discount list very clearly, so below is a list both well-publicized as well as the least known credits that you can use to lower your rates.

• Seat Belts Save – Drivers who always wear seat belts and also require passengers to buckle up may be able to save a few bucks on medical payment and PIP coverage.
• Life Insurance Discount – Insurance carriers who offer life insurance give a discounted price on car insurance if you buy some life insurance in addition to your auto policy.
• Driving Data Discount – Policyholders that allow companies to look at driving patterns by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate might see lower rates as long as they are good drivers.
• One Accident Forgiven – Not really a discount, but companies like Allstate, Progressive, and Geico will turn a blind eye to one accident before raising your premiums if your claims history is clear for a set time period.
• Lower Rates for Military – Having an actively deployed family member can result in better prices.
• Auto/Home Discount – When you have multiple policies and insure them both with the same insurance company you could get a discount of up to 20% and get you inexpensive insurance.

One thing to note about discounts is that some of the credits will not apply to your bottom line cost. The majority will only reduce specific coverage prices like liability and collision coverage. Just because it seems like all the discounts add up to a free policy, you’re out of luck.

Larger car insurance companies and a selection of discounts include:

• Esurance discounts include Switch & Save, homeowner, emergency road assistance, claim free, Pac-12 alumni, and multi-policy.
• The Hartford has discounts for good student, air bag, bundle, defensive driver, vehicle fuel type, and driver training.
• AAA offers discounts for pay-in-full, multi-car, anti-theft, good driver, good student, multi-policy, and AAA membership discount.
• Geico has savings for military active duty, multi-vehicle, defensive driver, anti-theft, federal employee, multi-policy, and membership and employees.
• State Farm may include discounts for anti-theft, multiple policy, passive restraint, Drive Safe & Save, good student, and driver’s education.

If you are trying to find the cheapest insurance quotes, ask every insurance company how you can save money. Some of the discounts discussed earlier may not be available in your area. If you would like to see a list of car insurance companies with the best car insurance discounts, click this link.

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Compare free insurance coverage quotes

The are a couple different ways to compare rate quotes from different companies. One of the best ways to find the lowest Lexus ES 350 rates consists of shopping online. This can be done in several different ways.

1. Hands down the most simple method to compare a lot of rates at once would be an industry-wide quote request form click to view form in new window. This method saves time by eliminating separate forms for every insurance coverage company. One form gets you price quotes direct from many companies. This is by far the quickest method.
2. Another way to shop for insurance coverage online is to manually visit the website of each company and go through the quote process again. For sake of this example, we’ll pretend you want rates from Auto-Owners, Esurance and Geico. In order to compare rates, you need to go to each individual site and enter your information, and that’s why the first method is more popular.

   For a list of companies in your area, click here.

It doesn’t matter which method you choose, just make sure you use apples-to-apples coverages and limits for every quote you compare. If you use different coverage information it’s not possible to make a fair comparison for your Lexus ES 350. Just slight variations in insurance coverages or limits can make a big difference in price. Just remember that comparing a large number of companies helps increase your odds of locating a lower rate. Not every company allows you to get quotes online, so it’s important to compare rates from them, too.

How do I know if I need professional advice?

When buying coverage for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is a little different.

For example, these questions can help discover if your situation may require specific advice.

• Am I covered when pulling a rental trailer?
• Can my teen drive my company car?
• Where can I get insurance after a DUI in my state?
• If my 2007 Lexus ES 350 is totaled, can I afford another vehicle?
• What if I don’t agree with a claim settlement offer?
• Does insurance cover damages from a DUI accident?
• Should I have a commercial auto policy?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form.

Car insurance coverages for a 2007 Lexus ES 350

Knowing the specifics of your policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Collision coverage – Collision coverage will pay to fix damage to your ES 350 caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like sustaining damage from a pot hole, colliding with a tree and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.

Uninsured and underinsured coverage – This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Liability coverage – Liability insurance will cover damage or injury you incur to a person or their property by causing an accident. 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 limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability insurance covers claims such as funeral expenses, medical expenses, court costs and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive coverages – This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from getting keyed, a tree branch falling on your vehicle and damage from flooding. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for immediate expenses like pain medications, X-ray expenses and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

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More comparisons equals lower rates

Consumers who switch companies do it for a number of reasons such as an unsatisfactory settlement offer, policy cancellation, questionable increases in premium or even unfair underwriting practices. No matter why you want to switch, switching companies is pretty easy and you might even save some money in the process.

Cheaper 2007 Lexus ES 350 insurance is available online as well as from insurance agents, so you need to shop insurance with both to get a complete price analysis. A few companies may not offer online price quotes and usually these small insurance companies provide coverage only through independent agents.

When trying to cut insurance costs, you should never sacrifice coverage to reduce premiums. In many instances, drivers have reduced liability limits or collision coverage only to find out that it was a big mistake. The goal is to purchase plenty of coverage for the lowest price, but don’t skip important coverages to save money.

More resources

• Bodily Injury Coverage (Liberty Mutual)
• Top Signs Your Brakes are Giving Out (State Farm)
• Distracted Driving Statistics (Insurance Information Insitute)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Understanding your Policy (NAIC.org)

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