Cheap Lexus RX 350 Insurance in Kansas City

The preferred way to save money on Lexus RX 350 insurance in Kansas City is to start comparing rates regularly from different companies who provide auto insurance in Missouri. Rate comparisons can be done by following these steps.

1. Spend some time learning about the coverage provided by your policy and the factors you can control to prevent rate increases. Many factors that cause rate increases such as high-risk driving behaviors and a less-than-favorable credit score can be remedied by paying attention to minor details.
2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while independent agencies can provide prices for a wide range of insurance providers. Find a Kansas City insurance agent
3. Compare the new rate quotes to your existing policy and see if you can save money. If you find a lower rate and buy the policy, verify that coverage does not lapse between policies.

An essential thing to point out is to use identical coverage information on every price quote and and to get rate quotes from as many different insurance providers as possible. Doing this guarantees a level playing field and a thorough price selection.

It’s a fact that auto insurance companies don’t want policyholders to shop around. Consumers who compare rates at least once a year are very likely to switch auto insurance companies because the odds are good of finding a lower rate. A study discovered that people who compared price quotes annually saved as much as $3,450 over four years compared to people who never shopped around for lower prices.

If finding the lowest price for Lexus RX 350 insurance is why you’re reading this, then knowing how to quote prices and compare coverage rates can make it easier for you to save money.

Eight Things That Impact Your Insurance Premiums

The best way to find cheaper auto insurance is to take a look at the different types of things that help calculate auto insurance rates. If you understand what impacts premium levels, this allows you to make good choices that may reward you with much lower annual insurance costs.

• Do you work long hours in a demanding vocation? – Occupations like military personnel, business owners, and accountants generally have higher rates than average due to job stress and lengthy work days. Other occupations such as farmers, engineers and homemakers pay the least.
• Rates can change based on your address – Choosing to live in smaller towns and rural areas of the country can save you money if you are looking for the lowest rates. Fewer drivers means a lower chance of having an accident and lower theft and vandalism rates. Drivers in populated Missouri areas have more auto accidents and longer commutes to work. More time on the road means a statistically higher chance of an accident.
• No policy lapses saves money – Driving without insurance can get your license suspended and any future policy may cost more because you let your insurance coverage expire. And not only will insurance be more expensive, being ticketed for driving with no insurance may result in a revoked license or a big fine. You will then be forced to prove you have insurance by filing a SR-22 with the Missouri motor vehicle department to get your license reinstated.
• Theft deterrents systems cut auto insurance rates – Owning a car with anti-theft technology or alarm system can earn a premium discount. Advanced theft deterrents like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft and help lower rates.
• Having a spouse reduces risk – Being married may cut your premiums on your auto insurance bill. Having a spouse demonstrates that you tend to be more stable financially and insurance companies reward insureds because drivers who are married file infrequent claims.

• Age of drivers impacts rates – Youthful drivers in Missouri are statistically shown to be more careless when at the wheel of a vehicle therefore auto insurance rates are much higher. Older insureds are more cautious drivers, file fewer claims, and usually have better credit.

  The next chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Performance makes a difference – The performance of the vehicle you own makes a big difference in your car insurance bill. The best insurance prices tend to be for low performance passenger cars, but there are many factors that impact the final cost.

  The following chart uses these assumptions: single female driver age 30, full coverage with $100 deductibles, and no discounts or violations. The data compares Lexus RX 350 car insurance rates compared to other models that have different performance rating factors.

• Drive a safer car and pay less – Vehicles that have high safety ratings tend to have lower insurance rates. These vehicles result in less severe injuries and fewer serious injuries means less money paid by your insurance company which can result in lower premiums.

• Insurance loss statistics a Lexus RX 350 – Auto insurance companies use statistical claims data to help calculate a profitable premium price. Vehicles that the data determines to have higher losses will have higher rates for specific coverages.

  The table below shows the insurance loss data for Lexus RX 350 vehicles. For each coverage category, the statistical loss for all vehicles, regardless of make, model or trim level, is considered to be 100. Numbers under 100 suggest losses that are better than average, while numbers shown that are more than 100 indicate higher probability of having a loss or an increased likelihood of larger losses.

  
  

  Auto Insurance Loss Data for Lexus RX 350 Models

  Specific Lexus 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

  BETTER

  AVERAGE

  WORSE

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

Detailed insurance information

The rate table below covers different rate quotes for Lexus RX 350 models. Learning a little about how car insurance prices are figured can benefit drivers when making decisions on the best policy to buy.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in specific Kansas City garaging location which can change premium rates noticeably.

Policy deductible comparison

When shopping for car insurance, a common question is how high should the physical damage coverage deductibles be. The comparisons below can help show how much more rates are when you select higher and lower physical damage coverage deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second price table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rates do not factor in zip code location which can impact rates considerably.

Using the premium rates above, we can conclude that using a $100 deductible costs approximately $35 more each month or $420 each year than buying the higher $1,000 deductible. Due to the fact that 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 have more than 26 months between claims, you would save more money by selecting a higher deductible.

The diagram below illustrates how choosing a deductible and can influence Lexus RX 350 insurance costs for each age group. The information is based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

Impact of citations and accidents on Kansas City insurance rates

The chart below illustrates how traffic citations and accidents influence Lexus RX 350 yearly insurance costs for different insured age categories. The information is based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.

Comparison of car insurance rates by gender and age

The chart below illustrates the difference between Lexus RX 350 insurance premiums for male and female drivers. The premium estimates are based on no violations or claims, full physical damage coverage, $250 deductibles, drivers are single, and no discounts are taken into consideration.

Lower your auto insurance rates with discounts

Not too many consumers would say auto insurance is affordable, but you might already qualify for some discounts to help bring down the price. Larger premium reductions will be automatically applied when you complete an application, but some must be requested specifically prior to getting the savings.

• ABS Braking Discount – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents and the ABS can save up to 10%.
• Discounts for Federal Employees – Federal government employees may qualify for a discount when you quote Kansas City auto insurance with a few auto insurance companies.
• Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase auto and life insurance together.
• Discount for Good Grades – This discount can earn a discount of 20% or more. The discount lasts up until you turn 25.
• Military Deployment Discount – Having a deployed family member could mean lower rates.
• Data Collection Discounts – Insureds who allow driving data submission to look at driving habits by using a telematics device in their vehicle such as Progressive’s Snapshot may get a rate reduction if they have good driving habits.
• Defensive Driver Discount – Taking time to complete a course in safe driver may get you a small discount and easily recoup the cost of the course.
• Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to buckle their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.

We need to note that most discount credits are not given to the entire policy premium. Some only apply to specific coverage prices like physical damage coverage or medical payments. Even though the math looks like you can get free auto insurance, it’s just not the way it works.

The chart below shows the comparison of Lexus RX 350 auto insurance rates with and without discounts applied. The premiums are based on a female driver, no violations or claims, Missouri 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, homeowner, safe-driver, claim-free, marriage, and multi-car discounts applied.

A few popular companies and a partial list of their discounts are shown below.

• The Hartford has savings for air bag, defensive driver, driver training, vehicle fuel type, good student, anti-theft, and bundle.
• American Family offers discounts including TimeAway discount, good driver, Steer into Savings, multi-vehicle, mySafetyValet, defensive driver, and bundled insurance.
• Progressive offers premium reductions for homeowner, continuous coverage, multi-policy, online signing, multi-vehicle, and good student.
• Travelers may have discounts that include save driver, hybrid/electric vehicle, payment discounts, good student, and driver training.
• Farmers Insurance includes discounts for early shopping, multi-car, business and professional, mature driver, alternative fuel, bundle discounts, and youthful driver.
• USAA offers discounts for loyalty savings, family discount, annual mileage, vehicle storage, driver training, multi-vehicle, and good student.
• Liberty Mutual may offer discounts for safety features, newly retired, good student, exclusive group savings, new move discount, and teen driver discount.

When comparing rates, check with every company which discounts you may be entitled to. All car insurance discounts may not be offered everywhere.

Don’t give up on affordable rates

Insureds change insurance companies for a number of reasons such as unfair underwriting practices, policy non-renewal, being labeled a high risk driver and even high rates after DUI convictions. It doesn’t matter what your reason, finding a new company can be pretty painless.

In this article, we presented a lot of tips how to save on Lexus RX 350 insurance in Kansas City. The key thing to remember is the more price quotes you have, the higher the chance of saving money. Consumers may even find the biggest savings come from a company that doesn’t do a lot of advertising.

As you shop your coverage around, you should never reduce coverage to reduce premium. In too many instances, consumers will sacrifice physical damage coverage only to regret at claim time that the savings was not a smart move. Your focus should be to purchase plenty of coverage at the best possible price, but don’t skip important coverages to save money.

To learn more, take a look at these articles:

• Collision Coverage (Liberty Mutual)
• How Much is Kansas City Auto Insurance for a Honda Civic? (FAQ)
• Can I Drive Legally without Insurance? (Insurance Information Institute)
• Smart Auto Insurance Tips (Insurance Information Institute)
• Uninsured Motorists: Threats on the Road (Insurance Information Institute)