Discount Lexus RX 350 insuranceDo you want low-cost Lexus RX 350 insurance in Indianapolis? Having to pay for overpriced insurance in Indianapolis can take a big chunk out of your funds, especially in this economy.

A study showed that almost 70% of drivers in Indiana have stayed with the same insurance company for well over three years, and almost 40% of drivers have never shopped around. Many drivers in the United States can cut their rates by about $850 a year just by comparing rates, but they don't believe the amount of money they would save if they changed companies.

Vehicle owners have many insurance companies to choose from, and although it's a good thing to have a choice, too many choices makes it more difficult to compare company pricing for Lexus RX 350 insurance in Indianapolis.

It's a good habit to quote other rates before your policy renews because prices are constantly changing. Despite the fact that you may have had the lowest rates on Lexus RX 350 insurance in Indianapolis on your last policy you may be paying too much now. Forget all the misinformation about insurance because we're going to show you how to use online quotes to reduce your cost while increasing coverage.

Quoting and comparing the cheapest coverage in Indianapolis is not as time-consuming as you think. In essence, each driver who requires lower cost insurance will most likely be able to find better rates. But Indiana car owners need to have an understanding of the way companies market on the web and use it to your advantage.

Companies offering cheap Lexus RX 350 rates in Indianapolis, IN

The companies shown below offer price comparisons in Indiana. If the list has multiple companies, it's a good idea that you get rates from several of them in order to get a fair rate comparison.

Lexus RX 350 Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $264 $486 $324 $20 $96 $1,190 $99
RX 350 4WD $236 $504 $304 $18 $92 $1,154 $96
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Rate quotes do not factor in Indianapolis location which can impact premiums noticeably.

Lexus RX 350 insurance premiums by gender and age

The chart below illustrates the comparison of Lexus RX 350 insurance prices for male and female drivers. The rates are based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, single marital status, and no policy discounts are applied.

Physical damage deductible comparison

One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The tables below highlight the differences in price between high and low policy deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.

Lexus RX 350 insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $272 $496 $318 $18 $94 $1,223 $102
RX 350 4WD $272 $496 $318 $18 $94 $1,223 $102
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Lexus RX 350 insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $168 $312 $318 $18 $94 $910 $76
RX 350 4WD $168 $312 $318 $18 $94 $910 $76
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Prices do not factor in specific zip code location which can increase or decrease insurance rates considerably.

We can estimate from the data above that using a $250 deductible costs an average of $26 more each month or $312 annually than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 29 months between claims, you would come out ahead if you elect the higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $250 deductibles: $102
Average monthly premium for $1,000 deductibles (subtract): - $76
Monthly savings from raising deductible: $26
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 29 months

Difference between liability only and full coverage rates

The information below shows the comparison of Lexus RX 350 car insurance costs with full phyical damage coverage and with liability coverage only. The rate quotes are based on no accidents, no driving violations, $500 deductibles, single male driver, and no discounts are applied.

When to drop full coverage

There is no definitive guideline that is best for determining when to drop physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let's assume your Lexus RX 350 book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your deductible. If premiums are more than $400 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some circumstances where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Find Lexus RX 350 Insurance More Affordably

An important part of buying insurance is that you know some of the factors that come into play when calculating the price you pay for car insurance. When you know what positively or negatively influences your rates, this allows you to make educated decisions that could result in lower car insurance prices.

Shown below are some of the things used by insurance companies to determine your rates.

Liability insurance is peace of mind - Liability insurance will provide protection if ever you are determined to be liable for physical damage or personal injury to other. This coverage provides you with a defense in court to defend your case. Liability is cheap compared to comp and collision, so drivers should make sure they buy enough to cover all assets.

How many miles do you drive? - The higher the mileage driven in a year's time the more you'll pay to insure it. Many insurance companies apply a rate determined by how the vehicle is used. Vehicles that sit idle most of the time can be on a lower rate level as compared to vehicles used primarily for driving to work. Make sure your policy states the correct usage for each vehicle, because improper ratings can cost you money. Having an incorrect usage rating on your RX 350 can result in significantly higher rates.

Are you male or female? - Over the last 50 years, statistics have shown that females tend to be a little less risky than males. The data does not necessarily mean that women are BETTER drivers than men. They both have accidents in similar percentages, but males get into accidents with more damage. They also receive more costly citations like DUI and reckless driving.

Traffic violations hurt - A bad driving record has a big impact on rates. Careful drivers receive lower rates compared to bad drivers. Having a single chargable violation can increase the cost of insurance by as much as thirty percent. People who have careless violations such as DWI, reckless driving or hit and run convictions are required to complete a SR-22 with their state's licensing department in order to continue driving.

Higher rates for high stress vocations - Occupations like military personnel, architects and accountants tend to have higher rates than the rest of us because of high stress levels and long work hours. Other professions such as actors, students and retirees pay the least.

Rates can drop if you have more than one policy - Most major companies will give a discount to policyholders that have more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even if you already get this discount, you still need to check prices from other companies to help ensure you have the lowest rates.

Lexus RX 350 claim statistics - Insurance companies factor in insurance loss information to help set a rate to offset losses. Models that the statistics show to have higher number or severity of losses will have higher rates. The next table shows the collected loss data for Lexus RX 350 vehicles.

For each insurance policy coverage type, the loss probablilty for all vehicles, regardless of manufacturer or model, is set at 100. Numbers below 100 suggest losses that are better than average, while values over 100 point to more frequent losses or statistically larger losses.

Lexus RX 350 Insurance Loss Statistics

Vehicle 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 for 2013-2015 Model Years

Discounts can help lower rates on Lexus RX 350 insurance in Indianapolis

Companies that sell car insurance don't always advertise the complete list of policy discounts in a way that's easy to find, so here is a list some of the best known in addition to some of the lesser obvious ways to save on insurance.Insurance discounts

As a disclaimer on discounts, some credits don't apply to your bottom line cost. Most only cut individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears it's possible to get free car insurance, insurance companies aren't that generous.

To see insurance companies that have a full spectrum of discounts in Indiana, click here to view.

Local agents and insurance

Some people would rather talk to an insurance agent and there is nothing wrong with that. One of the great benefits of getting online price quotes is you may find cheap insurance quotes but still work with a licensed agent. Supporting local insurance agents is definitely important in Indianapolis.

Insurance agents in IndianapolisTo make it easy to find an agent, after completing this quick form, the coverage information is immediately sent to insurance agents in Indianapolis who want to provide quotes for your coverage. It simplifies rate comparisons since you won't have to contact an agency as quotes are delivered to you instantly. You'll get the best rates AND an agent nearby. If you want to get a comparison quote from a specific insurance provider, you can always jump over to their website and complete a quote there.

Picking the best company requires more thought than just the price. A good agent in Indianapolis will have answers to these questions.

After receiving answers to your satisfaction to any questions you may have as well as an affordable premium quote, most likely you have located an insurer that can be relied on to service your policy. It's important to know that you are entitled to terminate coverage when you choose so never assume you are locked into any particular company with no way to switch.

Auto insurance advertising gotchas

Big name companies like Progressive, Allstate and GEICO seem to constantly run ads on television and other media. They all have a common claim that you can save if you move your coverage to them. How do they all charge less that you're paying now?

Most companies require specific criteria for the type of driver that earns them the highest profit. One example of a driver they prefer should be a mature driver, has other policies, and drives a lower-performance vehicle. A customer getting a price quote that hits that "sweet spot" may get the lowest car insurance rates in Indianapolis and have a good chance to save money with a new company.

Potential insureds who are not a match for these standards must pay a more expensive rate which translates to the customer not purchasing. If you pay close attention to the ads, they say "drivers that switch" not "everybody who quotes" can get the lowest rates when switching. This is how companies can advertise the savings.

That is why you really need to compare price quotes frequently. It's just not possible to know with any certainty which company will have the best rates at this point in time.

Don't give up on affordable rates

We just showed you quite a bit of information on how to get a better price on Lexus RX 350 insurance in Indianapolis. The most important thing to understand is the more providers you compare, the better chance you'll have of finding affordable Indianapolis car insurance quotes. You may even discover the biggest savings come from some of the lesser-known companies. These smaller insurers often have lower car insurance rates on specific markets as compared to the big name companies such as State Farm and Allstate.

As you go through the steps to switch your coverage, it's not a good idea to reduce needed coverages to save money. There are many occasions where someone sacrificed uninsured motorist or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. Your objective should be to purchase plenty of coverage at the best price, but don't skip important coverages to save money.

Some insurance companies do not provide rate quotes online and these regional carriers sell through independent insurance agencies. Cost effective Lexus RX 350 insurance can be bought on the web in addition to local insurance agencies, so compare prices from both to have the best rate selection.

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