Have you fallen victim to an under-performing, overpriced insurance policy? Believe me when I say there are lots of people in the same boat.
It’s a fact that auto insurance companies want to keep you from comparing prices. Insureds who shop around at least once a year will presumably buy a new policy because they have good chances of finding a cheaper policy. A recent insurance study discovered that consumers who regularly compared price quotes saved about $865 a year compared to those who never shopped around.
If finding the best rates on Lexus RX 350 insurance is your target objective, knowing how to quote prices and compare coverages can make it easier to find better rates.
Insurance companies such as GEICO, Progressive and Allstate promote their brand names with ads and consumers find it hard to separate fact from fiction and effectively compare rates to find the best deal.
If you are paying for car insurance now, you will definitely be able to shop for the lowest rates using the tips covered below. Finding the cheapest coverage in Portland is not that difficult as long as you know where to start. Although Oregon consumers benefit from understanding how insurance companies calculate their prices because it can help you find the best coverage.
Most larger insurance companies allow you to get prices for coverage directly from their websites. This process is quite simple as you just type in your coverage information as detailed in the form. Behind the scenes, the quote system automatically orders your credit score and driving record and provides a quote based on these and other factors. Using the web to get rate quotes for Lexus RX 350 insurance in Portland makes it a lot easier to compare rates and it’s absolutely necessary to compare as many rates as possible if you want to get a better rate.
To save time and compare rates now, consider comparing rates from the companies shown below. If you have your current policy handy, we recommend that you enter your coverages identical to your current policy. Using the same limits helps guarantee you’re receiving a fair comparison using the same coverage and limits.
The providers in the list below provide free rate quotes in Portland, OR. If your goal is to find cheap auto insurance in Portland, OR, we suggest you visit as many as you can to get a more complete price comparison.
Discounts can help save money on Lexus RX 350 insurance in Portland
Auto insurance is expensive, but there could be significant discounts to cut the cost considerably. Many discounts should be triggered at the time of purchase, but some may not be applied and must be specifically requested before they will apply.
- Memberships – Having an affiliation with qualifying employment or professional organizations could earn you a nice discount on auto insurance.
- Claim-Free Discount – Drivers who don’t have accidents get the best auto insurance rates as compared to insureds who have frequent claims or accidents.
- Senior Citizens – Seniors could receive lower premium rates.
- Discounts for Government Workers – Active or retired federal employment may qualify for a discount when you quote Portland auto insurance with certain companies.
- Own a Home – Just owning your own home may earn you a small savings due to the fact that maintaining a home is proof of financial responsibility.
- Bundled Policy Discount – When you have multiple policies with one company you could earn a discount of over 10 percent off each policy depending on the company.
- Seat Belt Discounts – Drivers who require all vehicle occupants to buckle their seat belts could cut 10% or more off the medical payments premium.
One thing to note about discounts is that most discount credits are not given to the entire policy premium. A few only apply to the cost of specific coverages such as liability and collision coverage. So even though you would think adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
The chart below shows the comparison of Lexus RX 350 auto insurance costs with and without discounts. The premiums are based on a male driver, no tickets, no at-fault accidents, Oregon state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, claim-free, multi-car, and safe-driver discounts applied.
To find companies with discount rates in Oregon, follow this link.
Insurance coverage analysis
The coverage table displayed next showcases estimates of rate quotes for Lexus RX 350 models. Knowing how insurance policy rates are determined can help you make smart choices when choosing a car insurance company.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RX 350 2WD||$266||$582||$408||$24||$122||$1,402||$117|
|RX 350 4WD||$266||$582||$408||$24||$122||$1,402||$117|
|Get Your Own Custom Quote Go|
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Price estimates do not factor in specific Portland garaging location which can change insurance rates greatly.
The diagram below demonstrates how deductible levels and can increase or decrease Lexus RX 350 yearly insurance costs for different age groups. The data assumes a married male driver, full coverage, and no discounts are applied to the premium.
Components of Your Lexus RX 350 Insurance Prices
When buying auto insurance it’s important to understand some of the things that help determine your policy premiums. When consumers understand what impacts premium levels, this allows you to make educated decisions that will entitle you to cheaper rates. Many different elements are taken into consideration when quoting car insurance. Some factors are common sense like a motor vehicle report, although others are not quite as obvious such as your marital status or how safe your car is.
Listed below are a partial list of the pieces used by companies to determine premiums.
Don’t cancel your policy without a new one in place – Going without insurance is a guaranteed way to increase your renewal premiums. In addition to paying higher rates, being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.
Males pay more for insurance – Over time, data shows that females tend to be a little less risky than males. This data doesn’t prove that women are better drivers. Females and males cause accidents in similar percentages, but guys tend to have more serious accidents. Men also have more aggressive citations like DWI (DUI) or reckless driving.
The example below illustrates the comparison of Lexus RX 350 car insurance costs for male and female drivers. The costs are based on no claims or driving violations, full coverage, $1,000 deductibles, single status, and no additional discounts are factored in.
Poor credit score equals high prices – Credit score is a large factor in calculating your premium rate. Therefore, if your credit history is not that good, you may save money insuring your Lexus RX 350 if you clean up your credit. Insureds with excellent credit tend to be more responsible and file fewer claims as compared to drivers with bad credit.
Prices go up with performance – The type of vehicle you own makes a substantial difference in your car insurance bill. The lowest base rates are usually for lower performance four cylinder passenger vehicles, but the cost you end up paying is determined by many additional factors.
The following chart uses these variables: single male driver age 20, full coverage with $500 deductibles, and no discounts or violations. It illustrates Lexus RX 350 rates compared to other models that have different risk factors.
Insurance loss data for a Lexus RX 350 – Insurance companies analyze past claim statistics to determine a price that will be profitable for them. Models that the statistics show to have increased claim numbers or amounts will cost more for coverage.
The table shown below demonstrates the collected loss data for Lexus RX 350 vehicles. For each coverage type, the claim amount for all vehicles, without regard to make or model, is a value of 100. Numbers below 100 mean the vehicle has better than average losses, while numbers shown that are more than 100 indicate higher probability of having a loss or a tendency for claims to be larger.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Lexus RX 350 4dr 2WD||111||96||91||72||97||88|
|Lexus RX 350 4dr 4WD||122||99||112||83||75||78|
Statistics from IIHS.org for 2013-2015 Model Years
Can’t I compare prices from local Portland insurance agents?
Certain consumers prefer to sit down with an agent and that is a smart decision One of the great benefits of getting free rate quotes online is that you can obtain cheap rate quotes and still have an agent to talk to. Buying from and supporting local agencies is especially important in Portland.
Once you complete this simple form, your insurance data is submitted to insurance agents in Portland who want to provide quotes for your car insurance coverage. It’s much easier because you don’t need to search for any insurance agencies due to the fact that quote results will go to you directly. You can find better rates AND a local agent. If you want to get a price quote from one company in particular, you would need to find their quoting web page and complete a quote there.
Shown below is a list of insurance companies in Portland that may be willing to give price quote information for Lexus RX 350 insurance in Portland.
Picking an company requires you to look at more than just the bottom line cost. Below are some questions you should ask.
- Are they full-time agents?
- Do they make recommendations based only on price?
- Can you choose the body shop in case repairs are needed?
- Do they carry Errors and Omissions coverage?
- What is the agency’s Better Business Bureau rating?
If you feel you receive good responses to these questions and locked in a price quote, you have narrowed it down to an insurance company that is professional and can properly service your car insurance policy. It’s important to know that it’s your policy and you can cancel coverage at any point so never assume that you’re stuck with the car insurance policy indefinitely.
When should I discuss my situation with an agent?
When quoting and choosing proper insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are unique to you.
For instance, these questions can aid in determining if you would benefit from an agent’s advice.
- Does my Lexus RX 350 need full coverage?
- Can my teen driver be rated on a liability-only vehicle?
- What are the financial responsibility laws in my state?
- What can I do if my company denied a claim?
- Are there companies who specialize in insuring high-risk drivers?
- Can my babysitter drive my car?
- What is the rate difference between pleasure use and commuting?
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form.
Quote often and quote early
We just showed you some good ideas how to shop for Lexus RX 350 insurance online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding cheaper Portland auto insurance quotes. Consumers may even find the lowest car insurance rates are with a small mutual company.
Cheaper auto insurance in Portland is attainable online as well as from independent agents in Portland, so you should be comparing quotes from both so you have a total pricing picture. A few companies do not offer online quoting and these small, regional companies only sell coverage through independent insurance agencies.
People who switch companies do it for any number of reasons including being labeled a high risk driver, an unsatisfactory settlement offer, poor customer service and even delays in responding to claim requests. Whatever your reason, finding the right auto insurance provider is easier than you think.
How to buy lower priced Lexus RX 350 insurance in Portland
It takes a few minutes, but the best way to find more affordable auto insurance rates in Portland is to regularly compare price quotes from different companies that sell auto insurance in Oregon.
Step 1: Try to understand how insurance works and the things you can control to prevent expensive coverage. Many rating factors that increase rates like careless driving and an imperfect credit rating can be remedied by making minor changes to your lifestyle.
Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like GEICO or Allstate, while independent agencies can quote prices for many different companies.
Step 3: Compare the new quotes to your existing coverage and determine if cheaper RX 350 coverage is available in Portland. If you can save money and make a switch, make sure there is no lapse in coverage.
Step 4: Tell your current company of your intention to cancel the current policy. Submit the signed application along with the required initial payment to your new company or agent. As soon as you can, keep your new proof of insurance paperwork in an accessible location in your vehicle.
An important note is that you’ll want to make sure you compare similar coverage information on every price quote and and to look at as many auto insurance providers as possible. This guarantees a fair price comparison and the best price quote selection.
More tips and info about auto insurance can be read at these sites: