Cheap Insurance for a Lexus RX 350 in Plano

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Really, the only way to find discount car insurance rates in Plano is to compare prices at least once a year from insurers in Texas.

  • Step 1: It will benefit you to learn about what coverages are included in your policy and the changes you can make to keep rates low. Many factors that cause high rates like traffic violations, accidents, and poor credit history can be controlled by being financially responsible and driving safely. This article provides instructions to get low prices and earn a bigger discount.
  • Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like GEICO or State Farm, while independent agencies can give you price quotes for a wide range of insurance providers. View rates
  • Step 3: Compare the price quotes to your existing coverage to see if a cheaper rate is available. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
  • Step 4: Provide notification to your current company of your decision to cancel your current car insurance policy. Submit a down payment and signed policy application to your new carrier. As soon as you receive it, put the certificate verifying proof of insurance in your vehicle.

A good tip to remember is to make sure you enter identical deductibles and limits on each price quote and and to get rate quotes from as many companies as you can. Doing this enables an accurate price comparison and the best rate selection.

Insurance rates Lexus RX 350 in PlanoWe don't have to tell you that car insurance companies don't want their policyholders to compare prices. Drivers who shop around annually are inclined to switch companies because they stand a good chance of finding lower prices. A recent survey revealed that people who compared rates once a year saved about $3,400 over four years compared to policyholders who never shopped for cheaper rates.

If finding budget-friendly auto insurance in Plano is your goal, then having some insight into how to get price quotes and compare coverage rates can help make the process easier and more efficient.

The quickest method to get policy rate comparisons for Lexus RX 350 insurance in Plano utilizes the fact car insurance companies have advanced systems to provide you with free rate quotes. To begin a comparison, all you need to do is spend a couple of minutes providing details like what you do for a living, how old drivers are, how you use your vehicles, and if you are currently licensed. Those rating factors is then sent to many highly-rated insurers and you will get price comparisons immediately.

To compare cheap Lexus RX 350 insurance rates now, click here and find out if you can get cheaper insurance in Plano.

The companies in the list below provide quotes in Plano, TX. To get the cheapest auto insurance in TX, we recommend you visit several of them to get the best price comparison.

Three main reasons to buy insurance

Despite the high cost of buying insurance for a Lexus RX 350 in Plano, insurance is mandatory in Texas but it also protects more than you think.

First, just about all states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability if you don't want to risk a ticket. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you bought your car with a loan, it's guaranteed your bank will stipulate that you buy insurance to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank or lender will purchase a policy for your Lexus at a more expensive rate and force you to pay for it.

Third, insurance protects your vehicle and your assets. Insurance will also pay for many types of medical costs incurred in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are sued as the result of an accident. If your Lexus gets damaged, your insurance policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your RX 350 greatly outweigh the cost, especially if you ever need it. The average driver in America is wasting up to $850 per year so compare rates at every renewal to make sure the price is not too high.

Lexus RX 350 detailed coverage information

The price information below highlights estimates of insurance premium costs for Lexus RX 350 models. Learning a little about how auto insurance prices are figured can help customers make smart choices when purchasing an auto insurance policy.

Lexus RX 350 Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $228 $424 $430 $26 $128 $1,236 $103
RX 350 4WD $228 $424 $430 $26 $128 $1,236 $103
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in specific location information which can change prices significantly.

Comparison of policy deductibles

When shopping for insurance, a common question is how high should the physical damage deductibles be. The following insurance rates can help you understand the differences in price when you buy lower versus higher policy deductibles. The first rate table uses a $100 physical damage coverage deductible and the second price grid 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 $412 $804 $430 $26 $128 $1,825 $152
RX 350 4WD $412 $804 $430 $26 $128 $1,825 $152
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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 $228 $424 $430 $26 $128 $1,236 $103
RX 350 4WD $228 $424 $430 $26 $128 $1,236 $103
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can revise coverage rates greatly.

Based on the figures above, using a $100 deductible costs an average of $49 more each month or $588 each year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 18 months between claim filings, you would probably save some money if you choose the higher deductible.

The information below demonstrates how choosing different deductibles and can change Lexus RX 350 yearly insurance costs for different age groups of insureds. The premiums are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.

Should you buy full coverage?

The example below illustrates the difference between Lexus RX 350 car insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Should you pay for full coverage?

There is no clear-cut formula to eliminate comp and collision coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let's pretend your Lexus RX 350 claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $4,000 after paying your policy deductible. If it's costing in excess of $400 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some situations where removing full coverage is not advised. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

Take advantage of these price cutting discounts

Some insurance providers don't necessarily list the entire discount list in an easy-to-find place, so below is a list some of the more common and the more hidden discounts that you can inquire about if you buy Plano car insurance online.Cheaper auto insurance with discounts

  • Multi-policy Discount - If you can bundle your auto and home insurance with one insurance company they may give you a discount of nearly 15% which can help you find low cost Lexus RX 350 insurance.
  • Seat Belt Discounts - Forcing all vehicle occupants to use a seat belt can save 10% or more off PIP or medical payments premium.
  • Good Grades Discount - Excelling in school can save 20 to 25%. Most companies allow this discount up to age 25.
  • Data Collection Discounts - Drivers that enable their auto insurance company to monitor driving patterns by using a telematics device in their vehicle such as Allstate's Drivewise and State Farm's In-Drive system may get a rate reduction if they exhibit good driving behavior.
  • Discounts for Good Drivers - Drivers who don't get into accidents can save up to 40% or more on their Plano car insurance quote compared to accident prone drivers.
  • Accident-Free Discounts - Insureds who avoid accidents and claims pay less as compared to frequent claim filers.

Don't be surprised that some credits don't apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like adding up those discounts means a free policy, it doesn't quite work that way.

The chart below compares Lexus RX 350 car insurance rates with and without discounts applied. The premiums are based on a male driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, marriage, homeowner, and safe-driver discounts applied.

A few popular companies and a selection of discounts are included below.

  • American Family may offer discounts for accident-free, multi-vehicle, defensive driver, early bird, TimeAway discount, and good driver.
  • State Farm may have discounts that include safe vehicle, anti-theft, student away at school, driver's education, accident-free, and good driver.
  • 21st Century includes discounts for theft prevention, teen driver, 55 and older, student driver, good student, air bags, and anti-lock brakes.
  • Travelers discounts include good student, student away at school, new car, continuous insurance, early quote, and payment discounts.
  • GEICO policyholders can earn discounts including seat belt use, multi-vehicle, emergency military deployment, membership and employees, federal employee, military active duty, and multi-policy.

It's a good idea to ask all companies you are considering which discounts you qualify for. Discounts might not be available to policyholders in your area. If you would like to view providers that have a full spectrum of discounts in Plano, click this link.

When in doubt talk to an agent

Always keep in mind that when comparing the best insurance coverage for your personal vehicles, there really isn't a single plan that fits everyone. Each situation is unique and your insurance should unique, too.Higher deductibles save money These are some specific questions may help you determine whether your personal situation will benefit from professional help.

  • Am I better off with higher deductibles on my Lexus RX 350?
  • How many claims can I have before being canceled?
  • Should I drop comprehensive coverage on older vehicles?
  • Am I covered if I break a side mirror?
  • Why are teen drivers so expensive to add on to my policy?
  • What is UM/UIM insurance?
  • Does my insurance cover a custom paint job?

If it's difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. If you don't have a local agent, simply complete this short form or click here for a list of insurance companies in your area. It only takes a few minutes and can help protect your family.

Best auto insurance company in Texas

Choosing the right insurance company can be difficult considering how many companies provide coverage in Texas. The ranking data listed below may help you select which auto insurance companies to look at when comparing rates.

Top 10 Plano Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General