Auto Insurance Rate Quotes for a Lexus ES 350 in Jacksonville

Do you want more affordable Lexus ES 350 insurance in Jacksonville? Are you regretting buying an overpriced auto insurance policy? It’s quite common and many Jacksonville consumers are in the same pinch.

Unthinkable but true, about 70% of customers kept buying from the same company for more than four years, and roughly 40% of drivers have never quoted auto insurance rates at all. Jacksonville drivers could save roughly 55% a year, but they don’t believe the amount of savings they would get if they switch to a new company.

How to find more affordable Lexus ES 350 insurance in Jacksonville

To save the most money, the best way to get low-cost Lexus ES 350 insurance in Jacksonville is to start doing an annual price comparison from different companies that insure vehicles in Florida.

• First, spend a few minutes and learn about the coverage provided by your policy and the things you can control to prevent expensive coverage. Many things that result in higher prices such as traffic citations and a not-so-good credit history can be remedied by making minor changes in your lifestyle. This article gives additional tips to prevent expensive rate increases and find overlooked discounts.
• Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO or Allstate, while independent agents can provide rate quotes from multiple companies.
• Third, compare the quotes to the premium of your current policy and determine if there is any savings. If you can save some money and make a switch, make sure coverage is continuous and does not lapse.
• Fourth, provide adequate notice to your current company to cancel your current policy. Submit the signed application along with the required initial payment to your new insurance company. Once received, place your new certificate verifying proof of insurance with the vehicle registration.

One tip to remember is to make sure you enter identical limits and deductibles on each quote and and to get prices from as many different insurance providers as possible. Doing this guarantees a fair rate comparison and plenty of rates choose from.

Because there are so many different company options, it is very difficult to choose the best auto insurance provider.

It’s important to know that comparing more quotes helps locate the best price. Not every company provides online rate quotes, so it’s recommended that you also compare prices from them as well.

The following companies provide price quotes in Jacksonville, FL. If the list has multiple companies, we suggest you compare several of them to get the best price comparison.

Analysis of Lexus ES 350 rates

The table displayed below showcases estimates of insurance prices for Lexus ES 350 models. Having insight into how insurance prices are calculated can help guide drivers when making smart choices when comparing insurance quotes.

Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium costs do not factor in the specific area where the vehicle is garaged which can affect insurance rates greatly.

Physical damage deductible comparison

One of the hardest decisions when shopping for car insurance is how high should the physical damage deductibles be. The premium rates below can help illustrate the price difference when you select higher and lower deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in zip code location which can raise or lower prices substantially.

Based on the data above, we can derive that using a $100 deductible costs about $36 more each month or $432 each year than opting for the higher $500 deductible. Since you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go at least 11 months between claim filings, you would probably be better off by selecting a higher deductible.

An important thing to remember is that raising deductibles means you will have to cover more of the damage yourself when you have a claim. You should have enough disposable income in the event you have to pay the deductible.

Illustration showing the impact of accidents and violations

The chart below illustrates how violations and fender-benders can influence Lexus ES 350 car insurance rates for each age group. The rates are based on a single male driver, full coverage, $100 deductibles, and no additional discounts are factored in.

Lexus ES 350 liability rates compared to full coverage

The diagram below shows the difference between Lexus ES 350 auto insurance costs with and without physical damage coverage. The prices are based on no claims, a clean driving record, $250 deductibles, single marital status, and no policy discounts are applied.

Deciding between full coverage and liability only

There is no exact rule of when to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s say your Lexus ES 350 replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $7,000 after the deductible is paid. If premium cost is more than $700 a year to have full coverage, then you may need to consider dropping full coverage.

There are some circumstances where only buying liability is not in your best interest. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Three good reasons to insure your vehicle

Even though Jacksonville ES 350 insurance rates can get expensive, paying for insurance is required in Florida but it also protects you in many ways.

• The majority of states have mandatory liability insurance requirements which means the state requires a minimum amount of liability coverage in order to be legal. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your Lexus ES 350 with a loan, it’s most likely the lender will make it a condition of the loan that you carry insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Lexus at a much higher rate and make you pay a much higher amount than you were paying before.
• Insurance safeguards both your Lexus ES 350 and your assets. It will also reimburse you for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance definitely exceed the price paid, particularly for liability claims. Unknowingly, the average driver is overpaying over $825 a year so you should quote and compare rates at every policy renewal to save money.

Get cheaper Lexus ES 350 insurance in Jacksonville with discounts

The price of auto insurance can be rather high, but there are discounts available that many people don’t even know exist. Most are applied at quote time, but some must be specially asked for in order for you to get them. If you don’t get every credit available, you are not getting the best rate possible.

• Savings for New Vehicles – Buying coverage on a new vehicle may earn a small discount because new vehicles are generally safer.
• Senior Discount – Drivers that qualify as senior citizens can get a small discount on rates.
• Early Signing – Select insurance companies give a discount for renewing your policy prior to your current ES 350 insurance policy expiration. You could save around 10% when you buy Jacksonville car insurance online.
• Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
• Air Bag Discount – Cars that have air bags or motorized seat belts may qualify for discounts as much as 30%.

A quick disclaimer, most credits do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, companies don’t profit that way. But all discounts should help lower the premium cost.

The example below visualizes the comparison of Lexus ES 350 annual premium costs with and without discounts applied. The premiums assume a female driver, no claims or violations, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, homeowner, multi-policy, and safe-driver discounts applied.

Companies and some of their more popular discounts include:

• Farmers Insurance offers discounts including multi-car, mature driver, bundle discounts, good student, and alternative fuel.
• State Farm policyholders can earn discounts including accident-free, Steer Clear safe driver discount, passive restraint, safe vehicle, and student away at school.
• Liberty Mutual may offer discounts for safety features, teen driver discount, new move discount, new vehicle discount, and newly retired.
• MetLife includes discounts for defensive driver, good student, good driver, multi-policy, claim-free, and accident-free.
• Progressive discounts include continuous coverage, online quote discount, multi-policy, good student, and homeowner.

When quoting, ask each company or agent which discounts they offer. Some of the earlier mentioned discounts might not apply in your area.

Car insurance is available from local insurance agents

Many drivers prefer to have an agent’s advice and that is not a bad decision One of the great benefits of comparing car insurance online is the fact that drivers can get cheap car insurance quotes and still choose a local agent. Buying from and supporting small agencies is especially important in Jacksonville.

Upon completion of this form (opens in new window), your insurance data is submitted to participating agents in Jacksonville that give free quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to drive around due to the fact that quote results will go to you directly. You can find better rates and an insurance agent to talk to. If you want to compare rates for a specific company, just jump over to their website and fill out their quote form.

Types of car insurance agents in Jacksonville

If you need to find a reliable agent, you must know there are a couple different types of agents and how they can write your policy. Insurance agencies in Jacksonville can be categorized as either independent or exclusive depending on the company they work for.

Independent Car Insurance Agencies or Brokers

Independent agencies do not have single company limitations and that is an advantage because they can write policies through many companies and find the cheapest car insurance rates. If they quote lower rates, they simply switch companies in-house which is easy for the insured. If you are comparing car insurance prices, it’s recommended you include rate quotes from a few independent agents for the best price selection.

Below is a short list of independent agents in Jacksonville that may be able to provide free car insurance quotes.

More insurance agents

Exclusive Agents

These type of agents normally can only provide a single company’s rates like Allstate, State Farm and Farm Bureau. Exclusive agents are unable to provide rate quotes from other companies so keep that in mind. These agents are well trained on the products they sell which helps them sell on service rather than price.

Below are Jacksonville exclusive agencies willing to provide comparison quotes.

More insurance agents

Choosing the best insurance agency needs to be determined by more than just the bottom line cost. Below are some questions you should ask.

• Can you use your own choice of collision repair facility?
• Are there any extra charges for paying monthly?
• Do you qualify for any additional discounts?
• Do they review policy coverages at every renewal?
• By raising physical damage deductibles, how much would you save?

Car insurance can be complex

When quoting and comparing insurance from an agent or online, there is no one size fits all plan. Your situation is unique.

Here are some questions about coverages that could help you determine whether or not you might need an agent’s assistance.

• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Can good grades get a discount?
• Should I waive the damage coverage when renting a car?
• Why am I required to buy liability insurance?
• Should I rate my vehicle as business use?
• Will my Lexus ES 350 be repaired with OEM or aftermarket parts?
• Am I covered if I hit someone who is not insured?
• What policy terms are available?
• Do I need an umbrella policy?
• Are my custom wheels covered?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Information about specific coverages

Understanding the coverages of auto insurance helps when choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many Florida drivers carry very low liability coverage limits (which is 10/20/10), their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Normally the UM/UIM limits do not exceed the liability coverage limits.

Liability car insurance

Liability insurance protects you from damage or injury you incur to other people or property in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 10/20/10 that means you have a limit of $10,000 per injured person, a limit of $20,000 in injury protection per accident, and property damage coverage for $10,000. Alternatively, you may have a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as legal defense fees, structural damage, funeral expenses, repair costs for stationary objects and court costs. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible. Florida state minimum liability requirements are 10/20/10 but you should consider buying more coverage.

The chart below demonstrates why minimum state limits may not provide you with enough coverage.

Insurance for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses for X-ray expenses, ambulance fees and prosthetic devices. They are used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

This pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, a tree branch falling on your vehicle and damage from flooding. The most your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for collisions

This pays for damage to your ES 350 caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as sideswiping another vehicle, colliding with a tree, sustaining damage from a pot hole, rolling your car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to bump up the deductible on your ES 350 to get cheaper collision coverage.

Compare. Compare. Compare.

We just showed you some good ideas how to shop for Lexus ES 350 insurance online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding affordable Jacksonville car insurance quotes. You may even find the best price on car insurance is with a lesser-known regional company.

Insureds who switch companies do it for many reasons like policy non-renewal, high rates after DUI convictions, poor customer service and denial of a claim. It doesn’t matter what your reason, finding a new company can be less work than you think.

More affordable car insurance in Jacksonville is possible online and with local Jacksonville insurance agents, so get free Jacksonville car insurance quotes from both of them so you have a total pricing picture. A few companies do not offer the ability to get a quote online and many times these regional insurance providers provide coverage only through independent insurance agencies.

How to find cheaper rates for Lexus ES 350 insurance in Jacksonville

The best way we recommend to get budget car insurance rates in Jacksonville is to start doing a yearly price comparison from insurance carriers in Florida. You can compare prices by following these guidelines.

Step 1: Gain an understanding of the different coverages in a policy and the things you can control to prevent rate increases. Many things that cause rate increases like careless driving and poor credit history can be remedied by making minor changes to your lifestyle.

Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes from multiple insurance companies.

Step 3: Compare the quotes to your current policy and see if you can save money. If you find a lower rate, make sure coverage does not lapse between policies.

One key aspect when comparing rates is that you use identical coverages on each quote request and and to compare as many car insurance companies as possible. Doing this enables a fair rate comparison and a complete price analysis.

To read more, feel free to visit the resources below:

• Five Mistakes to Avoid (Insurance Information Institute)
• How Much are Auto Insurance Quotes for Low Income Drivers in Jacksonville? (FAQ)
• What Car Insurance is Cheapest for Active Military in Jacksonville? (FAQ)
• Who Has Cheap Auto Insurance for Veterans in Jacksonville? (FAQ)
• How Much is Auto Insurance for First-time Drivers in Jacksonville? (FAQ)
• Who Has Affordable Jacksonville Car Insurance for College Graduates? (FAQ)
• Who Has Cheap Auto Insurance for a Subaru Impreza in Jacksonville? (FAQ)
• What Car Insurance is Cheapest for Drivers Requiring a SR22 in Jacksonville? (FAQ)
• Automakers compete to add autobraking (Insurance Institute for Highway Safety)
• Auto Insurance Learning Center (State Farm)
• Teen Driving Statistics (iihs.org)