Insurance for Lexus RX 350I really doubt anyone loves paying for insurance, especially when they are aware that the cost is too high.

Unbelievably, most insurance customers renewed their policy with the same company for at least the last four years, and 38% of drivers have never compared rate quotes at all. The average driver in Fort Wayne can cut their rates by as much as $700 a year just by shopping around, but they just don't understand the big savings they would realize if they switched. Due to the large number of insurance providers from which to choose, it can be diffult for drivers to choose the right insurance company.

It's smart to compare rates quite often because insurance prices are variable and change quite frequently. Just because you had the best price on Lexus RX 350 insurance in Fort Wayne on your last policy there may be better deals available now. Forget all the misinformation about insurance because you're going to get a crash course in the best way to remove unneeded coverages and save money.

The following companies have been selected to offer free rate quotes in Fort Wayne, IN. If multiple providers are shown, we suggest you compare several of them in order to get a fair rate comparison.

Lexus RX 350 Insurance Rates in Fort Wayne, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $144 $306 $334 $20 $100 $904 $75
RX 350 4WD $162 $352 $412 $24 $124 $1,074 $90
Get Your Own Custom Quote Go

Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Information does not factor in specific Fort Wayne garaging location which can lower or raise premium rates considerably.

Difference between liability only and full coverage rates

The chart below visualizes the comparison of Lexus RX 350 insurance costs with full coverage compared to only the Indiana minimum liability coverage. The rate quotes are based on no violations or accidents, $250 deductibles, married male driver, and no policy discounts are applied.

Are you wasting money paying for full coverage?

There is no definitive rule of when to stop paying for physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of the vehicle's replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let's say your Lexus RX 350 claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $3,000 after you pay the deductible. If you are paying more than $300 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where only buying liability is not recommended. If you haven't paid off your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

Where to set your deductibles

When comparing car insurance rates, the most common question is the level to set your comp and collision deductibles. The rates below can help illustrate how much more you'll pay of buying low and high physical damage deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second data table uses a $500 deductible.

Lexus RX 350 insurance 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
Get Your Own Custom Quote Go
Lexus RX 350 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $222 $400 $318 $18 $94 $1,052 $88
RX 350 4WD $222 $400 $318 $18 $94 $1,052 $88
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price estimates do not factor in specific zip code location which can change prices considerably.

Based on this data, using a $250 deductible will cost you about $14 more each month or $168 a year than choosing the higher $500 deductible. Because you would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 18 months between claim filings, you would save money if you opt for a higher deductible. Here is a better example of how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $102
Average monthly premium for $500 deductibles (subtract): - $88
Monthly savings from raising deductible: $14
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

An important sidenote is that increasing deductibles to save money means you will have to pay more out-of-pocket when you have a physical damage claim. That will require a higher level of savings in the event you have to pay the deductible.

Drive safe and save

The example below highlights how traffic violations and at-fault accidents can increase Lexus RX 350 premium costs for different age categories. The premium estimates are based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.

Three main reasons to buy auto insurance

Despite the high cost, maintaining insurance is mandatory in Indiana but it also protects more than you think.

The benefits of carrying enough insurance are definitely more than the cost, particularly when you have a large claim. On average, a vehicle owner in Fort Wayne is overpaying more than $750 every year so it's very important to do a rate comparison once a year at a minimum to help ensure money is not being wasted.

You Can Change Your Insurance Prices

Lots of things are part of the calculation when you quote your car insurance policy. Some are pretty understandable such as your driving history, but some are not as apparent like your vehicle usage or how safe your car is.

Companies offer many discounts on Lexus RX 350 insurance in Fort Wayne

Not many people think insurance is cheap, but discounts can save money and there are some available that can help lower your rates. Larger premium reductions will be automatically applied at the time of quoting, but some may not be applied and must be specially asked for before they will apply.Car insurance discounts

Don't be shocked that most discounts do not apply to the whole policy. A few only apply to individual premiums such as collision or personal injury protection. So when it seems like you could get a free car insurance policy, that's just not realistic.

A list of companies and some of the discounts are included below.

If you need lower rates, check with every insurance company how many discounts you can get. All car insurance discounts may not apply to policies in every state. To see car insurance companies who offer online Lexus RX 350 insurance quotes in Indiana, click this link.

It's not one size fits all

Always keep in mind that when comparing the best auto insurance coverage, there really is no single plan that fits everyone. Your needs are unique to you and your auto insurance should be unique as well.Safe vehicles cost less to insure These are some specific questions can aid in determining if you may require specific advice.

If you can't answer these questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It's fast, doesn't cost anything and you can get the answers you need.

Comparing rates from local Fort Wayne auto insurance agents

Some consumers still like to sit down and talk to an agent and that is a personal choice. Professional insurance agents can help determine the best coverages and help you file claims. The best thing about comparing rates online is you can get the lowest rates and still buy from a local agent.

Find insurance agent in Fort WayneTo help locate an agent, after submitting this short form, the quote information is immediately sent to insurance agents in Fort Wayne who can give free rate quotes to get your business. There is no need to find an agent on your own because quoted prices will be sent to you instantly. If you want to get a rate quote from a specific insurance provider, you would need to jump over to their website and complete a quote there.

Selecting an insurer should depend on more than just the price. A good agent in Fort Wayne will have answers to these questions.

Two types of car insurance agents

When looking for an insurance agent, it's important to understand the types of agencies and how they operate. Insurance policy providers are categorized either independent agents or exclusive agents. Both properly insure your vehicles, but it's worth mentioning how they are different because it may have an impact on buying decisions.

Exclusive Insurance Agents

Exclusive agents work for only one company such as Allstate, State Farm and Farm Bureau. These agents are not able to provide rate quotes from other companies so they really need to provide good service. Exclusive insurance agents are trained well on their company's products and that enables them to sell even at higher rates.

Shown below are Fort Wayne exclusive agents who may provide you with comparison quotes.

5533 S Anthony Blvd - Fort Wayne, IN 46806 - (260) 447-1074 - View Map

7105 Old Trail Rd - Fort Wayne, IN 46809 - (260) 747-2626 - View Map

3474 Stellhorn Rd - Fort Wayne, IN 46815 - (260) 485-0122 - View Map

View more Fort Wayne agents

Independent Agencies or Brokers

These agents do not sell for just one brand so they have the ability to put coverage with any number of different companies and help determine which has the cheapest rates. If your premiums go up, they simply move the coverage in-house and the insured can keep the same agent.

If you are trying to find cheaper rates, you will definitely want to get quotes from independent agents so that you can do a thorough price comparison.

Below are Fort Wayne independent insurance agents willing to provide price quote information.

10432 Coldwater Rd - Fort Wayne, IN 46845 - (260) 338-0338 - View Map

2700 Lower Huntington Rd - Fort Wayne, IN 46809 - (260) 747-6186 - View Map

3213 E State Blvd - Fort Wayne, IN 46805 - (260) 216-0024 - View Map

View more Fort Wayne agents

Upon receiving answers to your satisfaction and locked in a price quote, you may have just found a car insurance agent that is reliable enough to properly insure your vehicles.

Cheaper auto insurance is a realistic goal

Budget-friendly auto insurance in Fort Wayne is definitely available on the web as well as from independent agents in Fort Wayne, and you should compare price quotes from both so you have a total pricing picture. There are still a few companies who may not provide online price quotes and most of the time these regional insurance providers only sell coverage through independent agents.

In this article, we presented a lot of tips how to save on Lexus RX 350 insurance in Fort Wayne. It's most important to understand that the more times you quote, the better your chances of lowering your prices. Consumers could even find that the biggest savings come from a company that doesn't do a lot of advertising. Smaller companies can often provide lower prices in certain areas than the large multi-state companies such as Allstate or State Farm.

Additional detailed information is located at these sites: