Cheapest Lexus RX 350 Insurance in Jacksonville

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Discount Lexus RX 350 insuranceIf you want to find the absolute lowest rates, then the best way to find affordable auto insurance rates in Jacksonville is to start doing an annual price comparison from companies who sell auto insurance in Florida. Rate comparisons can be done by completing these steps.

  • First, gain an understanding of how insurance works and the factors you can control to prevent rate increases. Many policy risk factors that result in higher rates such as inattentive driving and a bad credit rating can be rectified by making lifestyle changes or driving safer.
  • Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like GEICO or State Farm, while independent agents can provide price quotes from multiple insurance companies.
  • Third, compare the quotes to your current policy premium and see if you can save money. If you find better rates, make sure there is no lapse in coverage.

One key aspect of rate comparisons is to try to use identical deductibles and limits on every quote request and and to look at as many carriers as you can. Doing this provides the most accurate price comparison and the best rate selection.

It's safe to conclude that auto insurance companies want to prevent you from shopping around. People who shop around for the cheapest price will presumably switch to a new company because of the good chance of finding lower rate quotes. Surprisingly, a recent survey revealed that consumers who compared prices once a year saved approximately $3,400 over four years compared to drivers who never shopped around.

If finding the most affordable Lexus RX 350 insurance is your intention, then having some knowledge of how to get free comparison quotes and analyze car insurance can make shopping around easier.

Affordable companies for Lexus RX 350 insurance in Florida

The following companies are our best choices to provide comparison quotes in Florida. If the list has multiple companies, it's highly recommended you get prices from several of them to find the lowest auto insurance rates.

Rates and detailed analysis

The rate information shown below outlines different prices for Lexus RX 350 models. Being more informed about how prices are established can help customers make smart choices when buying a car insurance policy.

Lexus RX 350 Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $228 $426 $486 $28 $146 $1,314 $110
RX 350 4WD $228 $426 $486 $28 $146 $1,314 $110
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rates do not factor in vehicle location which can change premium rates considerably.

How high should deductibles be?

One common question asked by Jacksonville drivers is which comprehensive and collision deductibles to buy. The tables below can help you visualize the differences in premium rates when you select higher and lower coverage deductibles. The first data set uses a $250 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Lexus RX 350 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $406 $736 $472 $28 $142 $1,809 $151
RX 350 4WD $406 $736 $472 $28 $142 $1,809 $151
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Lexus RX 350 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $250 $464 $472 $28 $142 $1,356 $113
RX 350 4WD $250 $464 $472 $28 $142 $1,356 $113
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Estimates do not factor in specific Jacksonville garaging location which can revise premium rates noticeably.

Using the data above, we can ascertain that using a $250 deductible would cost the average driver about $38 more each month or $456 each year across all Lexus RX 350 models than selecting the higher $1,000 deductible. Because you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 20 months between claim filings, you would most likely save money if you decide on a higher deductible. The table below illustrates how you can make your own decision.

Average monthly premium for $250 deductibles: $151
Average monthly premium for $1,000 deductibles (subtract): - $113
Monthly savings from raising deductible: $38
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $38
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One important caveat is that raising deductibles to get cheaper rates means you will have to cover more of the damage yourself at claim time. It will be required that you have some extra funds in order to pay the higher deductible in order to repair your vehicle.

The example below highlights how deductible selection and can influence Lexus RX 350 insurance prices for each age group. The premiums are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

How accidents and tickets impact rates

The illustration below highlights how speeding tickets and accidents can impact Lexus RX 350 auto insurance rates for different age groups. The premiums assume a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

Liability only or full coverage

The information below shows the difference between Lexus RX 350 car insurance costs with liability coverage only compared to full coverage. The premiums assume no violations or accidents, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

When to drop comp and collision

There is no definitive guideline to exclude physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let's assume your Lexus RX 350 settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after the policy deductible has been paid. If premiums are more than $600 annually for full coverage, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not advised. If you haven't paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not eliminate full coverage.

Learn How to Lower Your Insurance Rates

Consumers need to have an understanding of the different types of things that play a part in calculating the price you pay for auto insurance. When you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that could help you find cheaper rates. Many factors are considered when you quote your car insurance policy. Some are obvious such as your driving history, although others are not as apparent such as your credit history and annual miles driven.

The itemized list below are a partial list of the pieces used by companies to determine your rates.

  • Prices are affected by your address - Residing in small towns and rural areas can save you money when buying auto insurance. Fewer drivers on the road means less chance of accidents in addition to lower liability claims. People who live in big cities have to deal with more traffic problems and much longer commute distances. Spending more time driving means a statistically higher chance of an accident.
  • Experienced drivers save more - Older insureds have been proven to be more responsible, cost insurance companies less in claims, and tend to be get fewer driving tickets. Drivers with little experience tend to be less responsible when at the wheel of a vehicle so auto insurance rates are higher.

    The chart below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

  • GPS tracking and theft deterrents reduce auto insurance rates - Driving a car with a theft deterrent system can help lower your premiums. Systems that thwart thieves such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart car theft.
  • More performance means higher costs - The performance of the vehicle you are buying insurance for makes a significant difference in the rate you pay. The lowest base rates are generally reserved for lower cost passenger models, but other factors influence the final cost greatly.

    The data below assumes a married male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Lexus RX 350 insurance premiums compared to other vehicles that have a range of risk factors.

  • Safer vehicles save money - Vehicles with good safety scores cost less to insure. Vehicles built for safety have better occupant injury protection and lower injury rates means your insurance company pays less which can mean better rates for you.
  • Vocation reflects on rates - Careers such as military personnel, social workers, and medical professionals generally have higher premium rates due to intense work requirements and long work days. Conversely, professions such as professors, athletes and retirees get better rates.
  • Guys pay higher costs - Over the last 30 years, statistics show that men are more aggressive behind the wheel. It does not mean men are worse drivers. Males and females cause fender benders in similar percentages, but males have accidents that have higher claims. Men also tend to get higher numbers of serious violations like driving under the influence (DUI).

    The diagram below illustrates the difference between Lexus RX 350 premium costs for male and female drivers. The data is based on a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

  • Lexus RX 350 claim data - Insurers take into consideration insurance loss statistics for every vehicle to help calculate premium prices. Vehicles that tend to have higher number or severity of losses will be charged more to insure. The next table illustrates the compiled insurance loss statistics for Lexus RX 350 vehicles.

    For each coverage type, the loss probability for all vehicles, without regard to make or model, is set at 100. Values that are under 100 indicate a favorable loss history, while percentage values above 100 indicate a higher chance of having a claim or an increased likelihood of larger losses.

    Insurance Loss Ratings for Lexus RX 350 Vehicles
    Vehicle 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

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Get cheaper rates by applying discounts

Car insurance is easily one of your largest bills, but there are discounts available that many people don't even know exist. Some of these discounts will be visible at quote time, but some may not be applied and must be asked about prior to getting the savings. If you don't get every credit possible, it's possible you qualify for a lower rate.Discount car insurance

  • Discount for Passive Restraints - Options like air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
  • Bundle and Save - If you combine your auto and home policies with one company you may earn at least 10% off all policies.
  • Claim-Free Discount - Good drivers with no accidents get the best car insurance rates as compared to drivers who are more careless.
  • Driver Safety - Successfully completing a defensive driver course could possibly earn you a 5% discount if you qualify.
  • Save with More Vehicles Insured - Insuring multiple cars on the same car insurance policy can get a discount on all vehicles.

As a sidenote, most credits do not apply to the entire cost. Most cut individual premiums such as comp or med pay. So even though they make it sound like all the discounts add up to a free policy, it's just not the way it works.

The information below illustrates the comparison of Lexus RX 350 insurance costs with and without discounts applied to the premium. The costs are based on a female driver, no accidents, no driving violations, Florida state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, marriage, claim-free, and multi-car discounts applied.

The best car insurance companies and their offered discounts are:

  • State Farm policyholders can earn discounts including good student, anti-theft, Steer Clear safe driver discount, safe vehicle, and accident-free.
  • American Family may have discounts that include defensive driver, Steer into Savings, early bird, good student, accident-free, bundled insurance, and mySafetyValet.
  • GEICO may offer discounts for multi-policy, membership and employees, seat belt use, driver training, and air bags.
  • 21st Century includes discounts for air bags, 55 and older, homeowners, early bird, automatic seat belts, and theft prevention.
  • Progressive has discounts for good student, online quote discount, multi-policy, online signing, homeowner, and continuous coverage.

Before purchasing a policy, check with every prospective company how you can save money. Some of the discounts discussed earlier might not apply in Jacksonville. To locate providers with significant discounts in Florida, click here to view.

Do I need a local insurance agent?

A small number of people would rather get professional advice from a licensed agent and that is not a bad decision One of the great benefits of comparing insurance prices online is you may find cheaper premium rates and still have an agent to talk to.

Find insurance agent in JacksonvilleUpon completion of this form (opens in new window), the quote information is instantly submitted to insurance agents in Jacksonville that can give you free Jacksonville auto insurance quotes to get your business. You don't have to contact an agency as quotes are delivered straight to your inbox. You can find better rates and work with a local agent. If you need to get a rate quote from a specific car insurance provider, you would need to visit that company's website and complete a quote there.

Deciding on an insurance company should include more criteria than just the price. The answers to these questions are important, too.

  • How many years of experience in personal auto insurance do they have?
  • Do you have coverage for a rental car if your vehicle is in the repair shop?
  • By raising physical damage deductibles, how much would you save?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • When do they do policy reviews?
  • Does the quote include credit and driving reports?
  • Does the agent have a valid license to sell insurance in Florida?

How to know if you need help

When quoting and comparing coverage for your vehicles, there is no "perfect" insurance plan. Each situation is unique.Higher deductibles save money

Here are some questions about coverages that can help discover if your insurance needs might need an agent's assistance.

  • Will I lose any money if I cancel my policy before it expires?
  • Am I covered when pulling a rental trailer?
  • What is UM/UIM insurance?
  • What if I don't agree with a claim settlement offer?
  • Is my vehicle covered by my employer's policy when using it for work?
  • Will my rates increase for filing one claim?
  • Can I get by with minimal medical coverage if I have good health insurance?
  • Do I need higher collision deductibles?

If it's difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. If you don't have a local agent, complete this form.

Compare car insurance prices regularly to save

Drivers leave their current company for a variety of reasons including policy non-renewal, high rates after DUI convictions, not issuing a premium refund or even unfair underwriting practices. It doesn't matter what your reason, switching companies is less work than it seems.

Some insurance companies do not provide internet price quotes and most of the time these small, regional companies only sell coverage through local independent agencies. Budget-conscious Lexus RX 350 insurance can be purchased from both online companies and from local agencies, and you should be comparing both to have the best selection.

We just presented some good ideas how you can shop for Lexus RX 350 insurance online. The key concept to understand is the more quotes you get, the better your chances of lowering your prices. Drivers may even discover the lowest premium rates are with an unexpected company.

Much more information about car insurance in Florida is located on the following sites: