Cheap Lexus RX 350 Insurance in Toledo

Insurance for Lexus RX 350Smart shoppers know that insurance companies don’t want you to look at other companies. Insureds who shop around for the cheapest price are very likely to switch insurance companies because there is a high probability of finding coverage at a cheaper rate. Remarkably, a study showed that people who routinely compared quotes saved as much as $70 a month as compared to drivers who never shopped around for better prices.

If finding the most affordable Lexus RX 350 insurance is the reason you’re here, then knowing the best way to shop and compare insurance rates can save time, money, and frustration.

The preferred way to find cheaper prices for Lexus RX 350 insurance is to regularly compare quotes from companies who sell insurance in Toledo.

A good piece of advice is to use similar deductibles and liability limits on every quote and and to analyze as many different insurance providers as possible. This provides a level playing field and a thorough selection of prices.

Buying the cheapest auto insurance in Toledo is actually very simple if you learn how to start. If you have insurance now, you will surely be able to cut your premiums using these methods. Although Ohio car owners need to have an understanding of how companies price online insurance.

Why Informed Consumers Pay Less for Lexus RX 350 Insurance

Smart consumers have a good feel for the different types of things that help determine your policy premiums. If you know what impacts premium levels, this empowers consumers to make smart changes that could help you find better auto insurance rates. Lots of things are considered when pricing auto insurance. Most are fairly basic such as traffic violations, but others are more obscure like your continuous coverage or how safe your car is.

The items below are a few of the things that factor into your prices.

Rates and information analytics

The premium information below covers estimates of insurance prices for Lexus RX 350 models. Having a better understanding of how insurance prices are determined can be useful when making informed decisions when comparing rate quotes.

Lexus RX 350 Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $174 $316 $262 $16 $78 $846 $71
RX 350 4WD $174 $316 $262 $16 $78 $846 $71
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Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate information does not factor in garaging location in Toledo which can decrease or increase premium rates greatly.

Physical damage deductible comparison

One of the most common insurance questions is how low should you set your deductibles. The following tables may help to illustrate the premium difference between low and high deductibles. The first set of prices uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.

Lexus RX 350 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $220 $400 $256 $16 $76 $993 $83
RX 350 4WD $220 $400 $256 $16 $76 $993 $83
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Lexus RX 350 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $180 $324 $256 $16 $76 $852 $71
RX 350 4WD $180 $324 $256 $16 $76 $852 $71
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Price information does not factor in zip code location which can modify rates considerably.

Based on the above data, using a $250 deductible costs an average of $12 more each month or $144 a year averaged for all RX 350 models than opting for the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 21 months between claims, you would probably be better off if you decide on a higher deductible.

Discounts for cheaper car insurance rates

Some providers don’t list the complete list of policy discounts very clearly, so we researched both the well known and the more hidden credits available to bring down your rates.Save money with discounts

We need to note that most discounts do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates you would end up receiving a 100% discount, you’re out of luck.

The chart below illustrates the comparison of Lexus RX 350 insurance prices with and without discounts being applied to the rates. The rates are based on a female driver, no violations or claims, Ohio state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, homeowner, claim-free, and safe-driver discounts applied.

Car insurance companies that may offer most of the discounts above include:

Before purchasing a policy, check with every company which discounts can lower your rates. All car insurance discounts may not apply everywhere. To see providers that offer discounts in Ohio, click here.

Best car insurance in Ohio

Choosing the right company can be rather challenging considering how many different companies sell coverage in Ohio. The company ratings in the lists below can help you analyze which auto insurance companies to look at when looking for cheaper rates.

Top 10 Toledo Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. GEICO
  7. AAA Insurance
  8. Safeco Insurance
  9. Esurance
  10. The General

Car insurance savings summarized

When trying to cut insurance costs, it’s a bad idea to buy poor coverage just to save money. In many cases, an accident victim reduced full coverage only to regret at claim time they didn’t have enough coverage. The aim is to find the BEST coverage at the best price while not skimping on critical coverages.

Drivers leave their current company for a variety of reasons including high prices, unfair underwriting practices, denial of a claim and even policy cancellation. No matter why you want to switch, switching companies is pretty easy and you might even save some money in the process.

Some insurance companies do not provide price quotes online and these regional insurance providers provide coverage only through local independent agents. Lower-priced Lexus RX 350 insurance in Toledo is possible both online in addition to many Toledo insurance agents, and you should compare price quotes from both to have the best chance of lowering rates.

Additional car insurance information can be found at the links below