Car Insurance Rates for a Lexus RX 350 in San Antonio

Has it been a year or more since you last compared quotes for low-cost Lexus RX 350 insurance in San Antonio? Do you get exhausted from trying to scrape together enough money to pay insurance each month? You have the same problem as most other people in Texas.

Unbelievable but true, most consumers in Texas kept their policy with the same company for at least four years, and 38% of drivers have never compared rates to find cheaper insurance. U.S. drivers could save $859 a year just by comparing rates, but they just assume it’s a time-consuming process to save money by comparing rate quotes.

Big-name insurance companies like GEICO and Progressive increase brand awareness with fancy advertisements and it is challenging if not impossible to ignore the promise of big savings and do the work needed to find the best deal.

You need to compare prices periodically because insurance prices trend upward over time. Just because you found the best price on Lexus RX 350 insurance in San Antonio at your last renewal there may be better deals available now. There are lots of tips to save on RX 350 insurance on the internet, but by reading this article, you’re going to learn some great ways to slash your insurance rates in San Antonio.

The quickest method to compare car insurance rates for Lexus RX 350 insurance in San Antonio takes advantage of the fact auto insurance companies allow for online access to provide you with a free rate quote. The only thing you need to do is give them some information such as whether or not you need a SR-22, your credit rating estimate, the type of vehicles you drive, and whether you are single or married. That rating information is submitted instantly to insurance companies and they return quotes almost instantly.

To get price quotes for your Lexus RX 350 now, click here then complete the form.

The companies in the list below have been selected to offer comparison quotes in Texas. If multiple companies are shown, it’s a good idea that you get rate quotes from several of them to get the best price comparison.

Coverage information

The premium information shown next covers a range of coverage prices for Lexus RX 350 models. Being more informed about how rate quotes are established is important for making informed decisions when shopping around for a new policy.

Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in specific location which can change coverage prices considerably.

An analysis of deductible level

One of the most common auto insurance questions is which deductible level should you buy. The comparison tables below can help you understand the rate fluctuation when you select higher and lower physical damage coverage deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second price grid uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rates do not factor in your specific San Antonio location which can alter coverage rates substantially.

Using the data above, we can ascertain that using a $250 deductible will cost you about $19 more each month or $228 for a full year than selecting the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 13 months between claims, you would save more money if you choose a higher deductible.

The chart below illustrates how choosing a deductible and can increase or decrease Lexus RX 350 yearly insurance costs for different age categories. The premium estimates are based on a married male driver, full coverage, and no other discounts are factored in.

Poor driving habits will raise your auto insurance rates

The illustration below shows how traffic citations and at-fault claims can drive up Lexus RX 350 insurance prices for different age categories. The premiums assume a single female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Cost of full coverage

The illustration below visualizes the comparison of Lexus RX 350 premium costs with liability coverage only compared to full coverage. The costs are based on no claims or driving citations, $500 deductibles, drivers are single, and no discounts are applied.

When to stop buying full coverage

There isn’t a written rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Lexus RX 350 book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after paying the physical damage deductible. If you are paying over $500 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.

These discounts can reduce Lexus RX 350 insurance rates

Car insurance is not cheap, but you may find discounts that can dramatically reduce your bill. A few discounts will be applied at the time of purchase, but less common discounts must be inquired about prior to getting the savings.

• Online Discount – Certain insurance companies provide a small discount just for signing your application digitally online.
• Senior Citizen Rates – Mature drivers may qualify for a slight reduction on a San Antonio car insurance quote.
• Own a Home – Just owning your own home can get you a discount since owning and maintaining a home is proof of financial responsibility.
• Onboard Data Collection – People who choose to allow their insurance company to scrutinize their driving habits by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if they show good driving skills.
• Renewal Discounts – Some larger companies reward drivers for switching to them before your current RX 350 insurance policy expires. It can save you around 10%.

A little disclaimer on discounts, some of the credits will not apply to the whole policy. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it appears it’s possible to get free car insurance, you won’t be that lucky.

The illustration below compares Lexus RX 350 insurance premiums with and without discounts. The premium estimates are based on a male driver, no violations or accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, safe-driver, multi-car, and marriage discounts applied.

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

• Farm Bureau includes discounts for renewal discount, youthful driver, driver training, multi-policy, and multi-vehicle.
• Liberty Mutual may include discounts for new graduate, safety features, hybrid vehicle, newly retired, exclusive group savings, good student, and newly married.
• State Farm policyholders can earn discounts including driver’s education, good student, anti-theft, defensive driving training, and multiple policy.
• Auto-Owners Insurance discounts include safe vehicle, paperless, anti-theft, multiple vehicles, anti-lock brakes, and student away at school.
• GEICO has discounts for federal employee, multi-policy, driver training, five-year accident-free, anti-lock brakes, membership and employees, and defensive driver.
• SAFECO may offer discounts for homeowner, multi-car, drive less, accident prevention training, teen safety rewards, and anti-lock brakes.

It’s a good idea to ask every company what discounts are available to you. A few discounts may not be available in San Antonio. To choose companies that offer the discounts shown above in Texas, click here to view.

Three reasons to insure your vehicle

Even though it can be expensive, paying for auto insurance is not optional due to several reasons.

• Almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific 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.
• If you have a lien on your Lexus, it’s most likely the lender will force you to buy insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank may buy a policy for your Lexus at a much higher premium rate and force you to pay for the expensive policy.
• Insurance safeguards your car and your assets. It will also provide coverage for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If your Lexus gets damaged, your policy will cover the repair costs.

The benefits of having auto insurance outweigh the cost, particularly for liability claims. But the average American driver is overpaying more than $820 a year so you should quote rates at least once a year to help ensure money is not being wasted.

Do I need an insurance agent?

Certain consumers would rather get professional advice from a licensed agent and that is not a bad decision One of the best bonuses of comparing insurance prices online is you may find the best rates and still buy from a local agent. Buying insurance from local insurance agents is important particularly in San Antonio.

After filling out this short form, the coverage information is emailed to companies in San Antonio who will give you bids for your insurance coverage. It’s much easier because you don’t need to do any legwork since rate quotes are delivered to your email. You can find lower rates without having to waste a lot of time. If you have a need to quote rates from one company in particular, don’t hesitate to search and find their rate quote page and give them your coverage information.

When searching for a local agent, it’s helpful to know the different types of agencies and how they operate. Agents in San Antonio are categorized either exclusive or independent agents depending on their company appointments.

Independent Insurance Agencies or Brokers

Agents that choose to be independent often have many company appointments so they can write business with an assortment of companies depending on which coverage is best. If they find a lower price, the agent simply finds a different carrier and you stay with the same agent.

If you need cheaper insurance rates, you will definitely want to include price quotes from a few independent agents in order to compare the most rates.

Below are San Antonio independent insurance agents that can possibly get you pricing information.

View more San Antonio agents

Exclusive Agencies

Exclusive insurance agents generally can only insure with one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot provide other company’s prices so it’s a take it or leave it situation. These agents receive extensive training on their company’s products and that enables them to sell even at higher rates.

Shown below is a list of exclusive agents in San Antonio that can give you price quotes.

View more San Antonio agents

Finding the right car insurance agent should include more criteria than just a cheap price quote. Below are some questions you should ask.

• What insurance companies do they recommend if they are an independent agent?
• Does the agency have a current Errors and Omissions policy?
• Can they provide you with a list of referrals?
• Is the agent and/or agency licensed to do business in Texas?
• When do they do a full risk review?
• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• How are claims handled?
• Are all drivers listed on the coverage quote?