Auto Insurance Quotes for a Lexus ES 350 in Raleigh

It’s safe to conclude that car insurance companies don’t want policyholders to shop around. Consumers who shop around are very likely to buy a new policy because they have good chances of finding a policy with more affordable rates. A recent auto insurance study discovered that people who compared rate quotes regularly saved over $850 each year compared to other drivers who didn’t regularly shop around.

If saving money on insurance is why you’re here, then learning about how to shop and compare insurance rates can save time, money, and frustration.

Really, the only way to get budget Lexus ES 350 insurance is to compare quotes annually from insurance carriers who provide car insurance in Raleigh. This can be done by following these guidelines.

1. Read and learn about how insurance companies determine prices and the changes you can make to keep rates low. Many policy risk factors that cause rate increases like at-fault accidents, speeding tickets, and an unacceptable credit score can be eliminated by making minor driving habit or lifestyle changes.
2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive and State Farm, while independent agencies can provide prices for a wide range of insurance providers.
3. Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate and decide to switch, make sure there is no coverage gap between policies.
4. Provide proper notification to your current company to cancel your existing policy and submit payment and a completed application for the new policy. Once the application is submitted, keep the new proof of insurance paperwork in an easily accessible location.

A good tip to remember is that you’ll want to make sure you compare the same liability limits and deductibles on each price quote and and to compare as many companies as possible. This guarantees a level playing field and a good representation of prices.

Best companies for affordable Lexus ES 350 insurance in North Carolina

The companies shown below are ready to provide price comparisons in Raleigh, NC. If you want cheap car insurance in NC, we recommend you get prices from several of them to get a more complete price comparison.

Insurance statistics and figures

The premium information shown next showcases a range of coverage costs for Lexus ES 350 models. Being able to understand how rates are calculated can aid in making informed decisions when comparing rates.

Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium amounts do not factor in specific garaging location which can affect coverage rates noticeably.

Where to set your deductibles

A question often asked by Raleigh drivers is where should you set your physical damage deductibles. The tables below sum up how much more you’ll pay when you choose different physical damage deductibles. The first set of prices uses a $100 deductible and the second price table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate quotes do not factor in specific garaging location which can raise or lower rates considerably.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $32 more each month or $384 every year than choosing the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average more than 28 months between claim filings, you would come out ahead if you decide on a higher deductible.

Comparison of insurance rates by gender

The example below compares Lexus ES 350 yearly insurance costs for male and female drivers. The prices are based on no violations or claims, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no discounts are applied.

Difference between full coverage and liability only rates

The illustration below visualizes the comparison of Lexus ES 350 car insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no violations or accidents, $500 deductibles, marital status is single, and no policy discounts are applied.

When to stop buying physical damage coverage

There is no set guideline of when to exclude physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Lexus ES 350 claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after paying the physical damage deductible. If it’s costing you more than $800 a year to have full coverage, then you may want to consider only buying liability coverage.

There are a few situations where dropping full coverage is not a good plan. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Cut your auto insurance rates with discounts

Companies that sell car insurance don’t always advertise every available discount in an easy-to-find place, so the following list contains a few of the more well known and also the lesser-known discounts you could be receiving when you buy Raleigh auto insurance online.

• Multi-Vehicle Discounts – Buying insurance for all your vehicles on a single policy can get a discount on all vehicles.
• Full Payment Discount – By making one initial payment as opposed to paying monthly you can avoid the installment charge.
• One Accident Forgiven – This one is not really a discount per se, but a few companies such as GEICO, State Farm, and Progressive permit an accident without raising rates so long as you are claim-free prior to the accident.
• Online Discount – A few insurance companies will discount your bill up to fifty bucks for completing your application online.
• No Accidents – Raleigh drivers who stay claim-free can earn big discounts in comparison to bad drivers.
• Good Student Discount – Excelling in school can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
• Memberships – Joining a professional or civic organization could qualify you for a break on your next renewal.
• Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle up before driving could cut 10% or more off the medical payments premium.
• Drive Safe and Save – Drivers who avoid accidents may save up to 50% more than drivers with accidents.

Policy discounts save money, but most discount credits are not given to your bottom line cost. Most cut specific coverage prices like physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, nobody gets a free ride.

The illustration below illustrates the difference between Lexus ES 350 auto insurance rates with and without some available policy discounts. The price estimates are based on a female driver, no accidents or driving violations, North Carolina 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, claim-free, multi-car, marriage, safe-driver, and multi-policy discounts applied.

To choose providers with the best Lexus ES 350 insurance discounts in Raleigh in North Carolina, click this link.

Which policy gives me the best coverage?

When it comes to a policy for your vehicles, there really isn’t a one size fits all plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that could help you determine if your situation may require specific advice.

• Why is insurance for a teen driver so high in Raleigh?
• How much cheaper are high deductibles?
• Am I covered when driving a rental car?
• If my pet gets injured in an accident are they covered?
• Does my insurance cover my expensive audio equipment?
• How can I get high-risk coverage after a DUI?

If you’re not sure about those questions, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Car insurance agents can help

A lot of people still prefer to sit down and talk to an agent. A nice benefit of getting online price quotes is that you can find cheap auto insurance rates and still buy from a local agent. And buying from local insurance agents is important especially in Raleigh.

Upon completion of this form (opens in new window), your insurance coverage information is transmitted to insurance agents in Raleigh that can provide free Raleigh auto insurance quotes to get your business. You won’t need to drive around since rate quotes are delivered directly to you. You can find the lowest rates without having to waste a lot of time. If you need to compare rates for a specific company, feel free to go to their quote page and give them your coverage information.

Choose the right car insurance agent

If you prefer to buy auto insurance from a reliable agent, it’s important to understand the types of agencies to choose from. Raleigh agents can be classified as either independent or exclusive.

Independent Auto Insurance Agencies or Brokers

Agents that elect to be independent are normally appointed by many insurers so they can quote policies through many different auto insurance companies and help determine which has the cheapest rates. If prices rise, they simply move your policy to a different company which makes it simple for you. When comparing rates, we recommend you get quotes from at least one independent agent to get the best comparison.

Below is a short list of independent agencies in Raleigh that may be able to provide free auto insurance quotes.

More insurance agents

Exclusive Agencies

These type of agents can only provide one company’s prices and examples are AAA, Allstate, State Farm, or Farmers Insurance. They usually cannot provide other company’s prices so they have no alternatives for high prices. Exclusive agents are very knowledgeable in insurance sales which can be an advantage.

Listed below are Raleigh exclusive insurance agents willing to provide price quotes.

More insurance agents

Picking an car insurance agent should depend on more than just the premium amount. The following questions are important to ask.

• When do they do policy reviews?
• Will the agent help in case of a claim?
• Is working in the agency their full-time job?
• Is the coverage adequate for your vehicle?
• If they are an independent agency in Raleigh, which companies do they recommend?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Is there a local claims center in Raleigh?
• Will they make sure you get an adequate claim settlement?

You can lower your auto insurance rates

Cheaper Lexus ES 350 insurance in Raleigh is possible both online in addition to many Raleigh insurance agents, and you should compare rates from both so you have a total pricing picture. A few companies may not provide rates over the internet and most of the time these small insurance companies only sell through independent insurance agents.

You just read a lot of information how to reduce Lexus ES 350 insurance prices online in Raleigh. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the most savings is with the smaller companies. Regional companies may have significantly lower rates on certain market segments compared to the large companies like Allstate and Progressive.

Helpful articles

• Insurance Losses by Make and Model (iihs.org)
• Who Has the Cheapest Raleigh Auto Insurance Quotes for 16 Year Olds? (FAQ)
• Who Has Affordable Car Insurance Rates for State Employees in Raleigh? (FAQ)
• Where can I buy Insurance? (Insurance Information Institute)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)