Find Cheaper Lexus ES 350 Insurance in Columbus

No car owner is fond of buying car insurance, especially knowing their premiums are too high.

It’s a known fact that car insurance companies want to keep you from comparing rates. Drivers who shop around for the cheapest rate will, in all likelihood, switch companies because of the high probability of finding discount prices. A study discovered that consumers who did price comparisons regularly saved over $70 a month compared to other drivers who never shopped for cheaper rates.

If saving money on insurance is your intention, then having some insight into how to find companies and compare car insurance can make the process less intimidating.

With drivers having so many car insurance companies to choose from, it is very difficult to choose a lower cost car insurance company.

It’s smart to quote other rates occasionally since prices change frequently. Even if you got the best price on Lexus ES 350 insurance in Columbus at your last renewal you may be paying too much now. You can find a lot of misleading information regarding ES 350 insurance on the web, but in this article, you’re going to get some excellent ideas to slash your car insurance rates in Columbus.

How to get free Lexus ES 350 insurance quotes online

When comparison shopping, there are several ways to compare rate quotes from many different Ohio insurance companies. One of the best ways to find competitive insurance rates is to get quotes online.

Online shopping is fast and free, and it makes it obsolete to actually drive to local Columbus insurance agencies. Comparing online rate quotes can eliminate the need for a local agent unless you’re the type of person who wants the extra assistance of a local agency. Some companies do allow you to price shop online and get advice from an agent in your area.

When comparison shopping, comparing more rates from different companies helps increase your odds of locating the best offered rates. Not every company does rate quotes online, so you should also compare quotes from those companies as well.

The companies in the list below can provide free quotes in Ohio. If more than one company is shown, we recommend you compare several of them to find the lowest car insurance rates.

Insurance discounts help lower rates for Lexus ES 350 insurance in Columbus

Some insurers don’t list every available discount very well, so the following is a list of some of the best known in addition to some of the lesser obvious credits available to you.

• Renewal Discounts – A few insurance companies allow discounts for switching companies early. The savings is around 10%.
• Active Service Discounts – Being deployed in the military may lower your premium rates slightly.
• Claim Free – Columbus drivers who stay claim-free pay much less as opposed to bad drivers.
• Passive Restraints and Air Bags – Options like air bags and/or automatic seat belt systems may get savings of 25 to 30%.
• Cautious Driver Discount – Insureds who avoid accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
• Sign Online – Certain larger companies will give you a small discount just for signing your application on your computer.
• Own a Home and Save – Owning a home in Columbus may earn you a small savings because maintaining a house requires personal responsibility.
• Payment Method – If you can afford to pay the entire bill rather than paying in monthly installments you can avoid monthly service charges.
• Student Discount for Driver Training – Require your teen driver to complete a driver education course if offered at their school.

As a sidenote, some of the credits will not apply to the entire cost. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Just because it seems like having all the discounts means you get insurance for free, nobody gets a free ride.

The chart below illustrates the difference between Lexus ES 350 annual premium costs with and without discounts applied to the premium. The prices are based on a female driver, no claims or driving violations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, claim-free, multi-car, marriage, and homeowner discounts applied.

Car insurance companies that may offer policyholders these benefits may include but are not limited to:

• State Farm
• American Family
• AAA
• GEICO
• Mercury Insurance
• Farmers Insurance
• Progressive

When comparing rates, check with all companies you are considering which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policies in your state. For a list of companies with discount rates in Columbus, click this link.

Lexus ES 350 insurance rates and statistics

The rate information displayed next highlights different rate quotes for Lexus ES 350 models. Understanding how insurance policy premiums are calculated can assist in making decisions on which coverage to buy.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Rate quotes do not factor in Columbus location which can modify insurance rates greatly.

Policy deductibles

A question often asked by Columbus drivers is at what level do you set your deductibles. The rates below help summarize the rate difference between high and low deductibles. The first rate table uses a $100 physical damage coverage deductible and the second rate table uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rate information does not factor in specific location which can raise or lower price quotes greatly.

We can estimate from the data above that using a $100 deductible costs an average of $20 more each month or $240 a year than choosing the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 20 months between claim filings, you would save money if you elect the higher deductible.

The diagram below illustrates how choosing a deductible and can affect Lexus ES 350 insurance costs for different categories of driver ages. The premiums assume a single female driver, comp and collision included, and no additional discounts are factored in.

Difference between liability only and full coverage rates

The chart below illustrates the comparison of Lexus ES 350 insurance rates with full coverage and liability only. The information is based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are factored in.

Should you be buying full coverage?

There is no set guideline that is best for determining when to drop comp and collision coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Lexus ES 350 claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after the policy deductible has been paid. If you are paying more than $700 annually for physical damage coverage, then it might be time to buy liability only.

There are a few situations where dropping physical damage coverage is not in your best interest. If you have an outstanding loan on your vehicle, 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 totaled, you should maintain full coverage.

Informed Drivers Can Reduce Their Insurance Rates

Many things are part of the calculation when you get your auto insurance bill. A few of the factors are predictable such as traffic violations, but others are less obvious such as whether you are married or your financial responsibility. When buying auto insurance it’s important to understand some of the elements that help calculate auto insurance rates. If you understand what impacts premium levels, this allows you to make good choices that may result in better auto insurance rates.

Shown below are a partial list of the pieces auto insurance companies consider when setting your rates.

Cheaper auto insurance rates using GPS tracking and theft deterrents – Owning a car with a theft deterrent system can get you a discount on your auto insurance. Theft prevention features like OnStar, LoJack tracking, and tamper alarms can help prevent car theft and help bring rates down.

Insurance rates for married couples – Your spouse may cut your premiums on your policy. Having a significant other generally demonstrates drivers are less irresponsible and insurance companies like that married drivers tend to have fewer serious accidents.

Where you live factors in – Living in a small town has it’s advantages when buying auto insurance. Lower population means fewer accidents as well as less vandalism and auto theft. Residents of big cities regularly have traffic congestion and more time behind the wheel. More time commuting can result in more accidents.

Increase coverage deductibles and save – Physical damage insurance, also called ‘full coverage’, protects your Lexus from damage. Examples of some claims that would be covered are a broken side mirror, hail damage, and damage caused by flying debris. The deductibles you choose define the amount you are required to pay if a claim is determined to be covered. The more expense you’re willing to pay, the bigger discount you will receive.

Use one insurance company and save – Most major insurers apply discounts to clients who buy several policies from them, otherwise known as a multi-policy discount. Discounts can amount to as much as ten percent or more Even with this discount, you still need to compare Lexus ES 350 rates in Columbus to help ensure you have the lowest rates.

Only buy coverage you need – There are many extra add-on coverages that may not really be needed when buying auto insurance. Coverages like replacement cost coverage, accidental death, and motor club memberships are probably not needed. The coverages may be enticing when talking to your agent, but if you have no use for them remove them and pocket the money.

Maintain auto insurance coverage – Driving your car without having proper coverage is a big no-no and your next policy will cost more because you let your insurance coverage expire. Not only will you pay higher rates, the inability to provide proof of insurance could earn you a fine, jail time, or a revoked license.

Poor driving habits means higher rates – How you drive has a lot to do with how much you pay for insurance. Careful drivers have lower premiums as compared to careless drivers. Even one speeding ticket or other violation can bump up the cost by as much as thirty percent. Drivers who have received multiple violations such as DUI or willful reckless driving may find they need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to legally drive.

The information below demonstrates how speeding tickets and at-fault accidents raise Lexus ES 350 insurance costs for different age groups. The data is based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.

Loss statistics for a Lexus ES 350 – Insurers analyze past claim statistics in order to profitably underwrite each model. Models that the statistics show to have higher loss trends will cost more to insure.

The data below shows the historical insurance loss data for Lexus ES 350 vehicles. For each policy coverage, the claim probability for all vehicles averaged together is set at 100. Numbers below 100 imply a favorable loss record, while numbers above 100 indicate more frequent losses or tendency to have higher losses.