Car Insurance Quotes for a Lexus RX 350 in Chandler

It’s an obvious conclusion that auto insurance companies don’t want their customers to go rate shopping. Consumers who shop around once a year will, in all likelihood, switch car insurance companies because there is a good chance of finding a lower-cost company. Surprisingly, a recent survey revealed that drivers who compared rates regularly saved $3,400 over four years compared to other drivers who don’t make a habit of comparing rates.

If finding the lowest price on auto insurance in Chandler is your objective, knowing how to find companies and compare coverage rates can make it easier to shop your coverage around.

Insurance for Lexus RX 350Truthfully, the best way to get low-cost Lexus RX 350 insurance in Chandler is to do an annual price comparison from insurers who provide car insurance in Arizona. You can shop around by completing these steps.

  1. Read and learn about how insurance companies determine prices and the measures you can control to lower rates. Many policy risk factors that are responsible for high rates such as accidents, traffic violations, and bad credit can be remedied by paying attention to minor details. Keep reading for information to keep prices down and find available discounts that you may qualify for.
  2. Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from one company like GEICO and Allstate, while independent agents can provide price quotes for a wide range of insurance providers. View companies
  3. Compare the new rate quotes to your existing rates to see if cheaper RX 350 coverage is available in Chandler. If you find better rates and change companies, make sure there is no coverage gap between policies.

The most important part of this process is to make sure you enter the same liability limits and deductibles on each quote request and and to get price quotes from every insurance company. Doing this provides an apples-to-apples comparison and the best price quote selection.

First Step: Get free Lexus RX 350 insurance quotes

When shopping for Lexus RX 350 insurance in Chandler there are multiple ways to get quotes from companies that offer insurance in Arizona. The best way to find the lowest rates involves getting comparison quotes online.

Comparing price quotes online is fast and free, and it replaces the need to call or drive to insurance agencies in your area. Quoting Lexus RX 350 insurance online can eliminate the need for a local agent unless you have a complicated situation and need the personal advice that you can only get from talking to an agent. If you prefer, some companies allow you to get the lowest quotes online and still use a local agent. When price shopping your coverage, comparing more prices helps you find more affordable insurance.

The following companies are our best choices to provide price quotes in Arizona. If your goal is to find cheap car insurance in AZ, it’s highly recommended you visit several of them in order to find the cheapest rates.

Discounts for lower-cost car insurance quotes

Some insurance providers don’t list every discount very well, so the list below contains both the well known in addition to some of the lesser obvious discounts that you can inquire about if you buy Chandler auto insurance online.Cheaper car insurance with discounts

As a disclaimer on discounts, many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as comp or med pay. So even though they make it sound like all the discounts add up to a free policy, you won’t be that lucky.

The example below shows the difference between Lexus RX 350 premium costs with and without discounts being applied to the rates. Data assumes a female driver, no claims, a clean driving record, Arizona state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, homeowner, claim-free, and multi-policy discounts applied.

Large car insurance companies and some of their more popular discounts are shown below.

Before buying, ask every prospective company the best way to save money. A few discounts may not be available in Chandler.

Rates and statistics

The rate table displayed below showcases different policy rates for Lexus RX 350 models. Being aware of how insurance policy rates are formulated can benefit drivers when making decisions on which insurance to purchase.

Lexus RX 350 Insurance Rates in Chandler, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $250 $546 $382 $22 $114 $1,314 $110
RX 350 4WD $250 $546 $382 $22 $114 $1,314 $110
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Price estimates do not factor in specific Chandler garaging location which can raise or lower coverage rates noticeably.

Raise deductibles and save

One of the hardest decisions when shopping for car insurance is which comprehensive and collision deductibles to buy. The rates shown below highlight the differences in premium rates when you buy lower versus higher policy deductibles. The first rate estimation uses a $100 deductible for comp and collision and the second set of rates 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 $324 $632 $338 $20 $102 $1,441 $120
RX 350 4WD $324 $632 $338 $20 $102 $1,441 $120
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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 $180 $334 $338 $20 $102 $974 $81
RX 350 4WD $180 $334 $338 $20 $102 $974 $81
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Price information does not factor in specific garaging location which can increase or decrease coverage prices greatly.

Based on these figures, using a $100 deductible would cost the average driver about $39 more each month or $468 annually than quoting the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 23 months between claims, you would save money if you elect the higher deductible. The table below illustrates how you can make this decision for your own policy.

Average monthly premium for $100 deductibles: $120
Average monthly premium for $1,000 deductibles (subtract): – $81
Monthly savings from raising deductible: $39
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

An important sidenote is that raising deductibles to save money results in a higher out-of-pocket expense when you file a claim. That will require enough savings in the event you need to pay the deductible.

Impact of careless driving on Chandler car insurance rates

The diagram below highlights how traffic violations and fender-benders can impact Lexus RX 350 auto insurance rates for different ages of insureds. The price estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.

Lexus RX 350 liability-only versus full coverage

The chart below compares Lexus RX 350 auto insurance rates when comparing full coverage to state minimum liability only. The data assumes no claims or driving citations, $250 deductibles, single marital status, and no policy discounts are applied.

When to switch to liability coverage only

There is no specific rule for excluding comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Lexus RX 350 replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after the policy deductible has been paid. If premium cost is more than $500 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where dropping full coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not drop full coverage.

You Can Change Your Insurance Costs

Many different elements are taken into consideration when premium rates are determined. Some factors are common sense such as your driving history, but other factors are more obscure like where you live or how financially stable you are.

Older drivers pay less – Older insureds are more cautious drivers, cost insurance companies less in claims, and tend to be get fewer driving tickets. Inexperience drivers are proven to be easily distracted behind the wheel and because of this, their auto insurance rates are much higher.

The data below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Vehicles with better crash test results mean better prices – Vehicles with good safety scores are cheaper to insure. These vehicles reduce the chance of injuries and fewer injuries means less money paid by your insurance company and more competitive rates for policyholders.

Multiple policies with one company – The majority of companies will award lower prices to buyers that buy multiple policies. It’s known as a multi-policy discount. If you currently are using one company, it’s still a good idea to check prices from other companies to help guarantee you have the best rates.There is a chance you can save even more than the discount by splitting coverages up.

Low physical damage deductibles mean high rates – Coverage for physical damage, also known as collision and other-than-collision, insures against damage to your Lexus. Some examples of covered claims could be running into the backend of another car, hail damage, or theft. Comp and collision deductibles state the amount of money you are required to spend if a covered claim is submitted. The more the insured is willing to pay, the lower your rates will be.

Insurance losses for a Lexus RX 350 – Auto insurance companies study historical loss data to help determine the price you pay. Models that the statistics show to have a higher amount or frequency of claims will have higher rates.

The table shown below demonstrates the historical loss data for Lexus RX 350 vehicles. For each policy coverage type, the claim probability for all vehicles, regardless of manufacturer or model, is a value of 100. Values that are under 100 indicate better than average losses, while percentage values above 100 point to more claims or larger claims.

Auto Insurance Loss Data for Lexus RX 350 Models
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

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years