Save Money on Lexus RX 350 Insurance in Columbus

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Amazingly, the vast majority of consumers have remained with the same car insurance company for at least four years, and just under half have never taken the time to shop around. Ohio drivers could cut their rates by nearly 55% a year by just comparing rate quotes, but they don't know the benefits if they bought a different policy.

Insurance for Lexus RX 350The most effective way to find low-cost Lexus RX 350 insurance is to compare quotes annually from insurers in Columbus. Drivers can shop around by completing these steps.

  • Step 1: Try to learn about the coverage provided by your policy and the things you can change to keep rates low. Many factors that result in higher rates like multiple speeding tickets and a less-than-favorable credit rating can be amended by being financially responsible and driving safely. This article provides ideas to prevent high prices and get additional discounts.
  • Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can provide rate quotes for a wide range of insurance providers.
  • Step 3: Compare the quotes to the premium of your current policy to see if cheaper RX 350 coverage is available. If you can save money and make a switch, verify that coverage does not lapse between policies.
  • Step 4: Tell your current agent or company to cancel your current auto insurance policy and submit a down payment along with a completed application for the new coverage. Once the paperwork is finalized, keep the new certificate of insurance in an easily accessible location in your vehicle.

An important part of this process is to compare the same liability limits and deductibles on every quote and to quote with as many different companies as possible. This helps ensure a fair price comparison and a thorough selection of prices.

The purpose of this post is to familiarize you with the best methods to compare rates and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to buy cheaper insurance using these techniques. Vehicle owners just have to use the most time-saving way to compare rate quotes using one simple form.

Lexus RX 350 insurance quotes comparison

Reducing your Lexus RX 350 insurance rates can be relatively painless. Just invest a little time to compare rates from different insurance companies.

The companies shown below can provide comparison quotes in Ohio. If multiple companies are shown, we suggest you compare several of them to get the lowest price.

Why auto insurance is not optional

Even though it can be expensive, maintaining insurance is a good idea for several reasons.

  • The majority of states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability insurance in order to drive the car legally. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you took out a loan on your Lexus, it's most likely the lender will force you to buy insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may buy a policy for your Lexus at a much higher premium rate and require you to reimburse them for the much more expensive policy.
  • Insurance protects both your vehicle and your assets. It also can pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of your driving. If you have damage to your Lexus as the result of the weather or an accident, your auto insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of having insurance more than cancel out the cost, especially if you ever need it. Today the average American driver is overpaying over $830 a year so it's important to compare rates once a year at a minimum to help ensure money is not being wasted.

Coverage information

The data table displayed next covers detailed analysis of rate quotes for Lexus RX 350 models. Having knowledge of how insurance prices are determined can be useful when making smart choices when comparing insurance rates.

Lexus RX 350 Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $176 $372 $310 $18 $92 $968 $81
RX 350 4WD $176 $372 $310 $18 $92 $968 $81
Get Your Own Custom Quote Go

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate quotes do not factor in your specific Columbus location which can lower or raise premiums noticeably.

Auto insurance deductibles

A question often asked by Columbus drivers is where to set your physical damage deductibles. The comparison tables below can help illustrate the difference in cost between low and high physical damage coverage deductibles. The first rate estimation uses a $250 physical damage deductible and the second price table uses a $500 deductible.

Lexus RX 350 insurance policy 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 policy 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
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium costs do not factor in vehicle location which can raise or lower auto insurance rates considerably.

We can estimate from the data above that using a $250 deductible costs approximately $12 more each month or $144 a year averaged for all RX 350 models than buying the higher $500 deductible. Since you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 21 months between claims, you would more than likely save some money if you elect the higher deductible. The numbers below show how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $83
Average monthly premium for $500 deductibles (subtract): - $71
Monthly savings from raising deductible: $12
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One thing to be aware of is that increasing deductibles to lower your rates results in more money out-of-pocket when you do file a claim. That will necessitate enough disposable income in the event you have to pay more for the deductible.

The diagram below highlights how deductible selection and can change Lexus RX 350 insurance premiums for different age groups. The rate quotes are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

Age, gender, and Lexus RX 350 insurance

The information below compares Lexus RX 350 insurance premiums for male and female drivers. The premium estimates are based on no claims or driving violations, full coverage, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

Save money on Lexus RX 350 insurance in Columbus with these car insurance discounts

Car insurance can cost a lot, but companies offer discounts that could drop your premiums quite a bit. A few discounts will automatically apply when you quote, but some discounts are required to be specially asked for before they will apply. If you check and find you aren't receiving every discount available, you're paying more than you need to.Cheaper car insurance with discounts

  • Government Employee Discount - Being employed by or retired from a federal job may reduce rates when you quote Columbus car insurance but check with your company.
  • Theft Deterrent System - Anti-theft and alarm system equipped vehicles help deter theft and will qualify for a discount on a Columbus car insurance quote.
  • Multiple Vehicles - Having several vehicles on one policy can get a discount for every vehicle.
  • Military Deployment Discount - Being on active duty in the military may qualify for rate reductions.
  • ABS Braking Discount - Anti-lock brake equipped vehicles can avoid accidents so companies give up to a 10% discount.
  • Good Student - Performing well in school can get you a discount of up to 25%. This discount can apply until age 25.

Just know that some credits don't apply to the whole policy. Most cut individual premiums such as comprehensive or collision. Just because you may think adding up those discounts means a free policy, you aren't that lucky.

The diagram below shows the comparison of Lexus RX 350 insurance costs with and without policy discounts. The premiums are based on a male driver, no claims or driving citations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, marriage, multi-car, and multi-policy discounts applied.

Large car insurance companies and their offered discounts include:

  • Progressive may offer discounts for online quote discount, continuous coverage, online signing, multi-vehicle, multi-policy, good student, and homeowner.
  • The Hartford includes discounts for good student, vehicle fuel type, bundle, anti-theft, driver training, defensive driver, and air bag.
  • Mercury Insurance policyholders can earn discounts including good student, professional/association, multi-policy, accident-free, multi-car, age of vehicle, and annual mileage.
  • GEICO offers discounts for daytime running lights, defensive driver, membership and employees, federal employee, driver training, and multi-policy.
  • AAA offers premium reductions for multi-policy, anti-theft, good student, pay-in-full, AAA membership discount, and multi-car.
  • State Farm discounts include passive restraint, Drive Safe & Save, anti-theft, multiple autos, and student away at school.

When comparing rates, check with every company which discounts you qualify for. A few discounts may not apply to policyholders in every state. To see insurers that offer many of these discounts in Columbus, click here to view.

Insurance agent or online?

Many drivers still prefer to get professional advice from a licensed agent and often times that is recommended Insurance agents are trained to spot inefficiencies and help in the event of a claim. One of the benefits of price shopping on the web is that you can obtain cheap car insurance quotes and still have a local agent. Buying from and supporting local agents is especially important in Columbus.

Insurance agents in ColumbusTo find an agent, once you fill out this form (opens in new window), your insurance data is immediately sent to participating agents in Columbus who will give you quotes for your car insurance coverage. You won't need to drive around as quotes are delivered to you. If you want to compare prices from one company in particular, feel free to go to their quote page and fill out their quote form.

The following is a short list of insurers in Columbus that can give you price quote information for Lexus RX 350 insurance in Columbus.

View more Columbus agents

Choosing the best insurer should include more criteria than just a cheap price. These are valid questions to ask:

  • Can they give you a list of client referrals?
  • How often do they review policy coverages?
  • How many years of experience in personal auto insurance do they have?
  • What are the financial ratings for the companies they represent?
  • Will the agent help in case of a claim?
  • Do the coverages you're quoting properly cover your vehicle?
  • How many years have they been established?

After receiving positive responses as well as affordable Lexus RX 350 insurance rates in Columbus quotes, it's a good possibility that you have found a company that can be trusted to properly service your car insurance policy.

Persistence pays off

Affordable Lexus RX 350 insurance in Columbus can be found on the web and from local insurance agents, and you should be comparing both to have the best chance of lowering rates. Some companies don't offer rates over the internet and most of the time these regional carriers only sell through independent agents.

Insureds switch companies for many reasons like high rates after DUI convictions, unfair underwriting practices, extreme rates for teen drivers or even lack of trust in their agent. It doesn't matter why you want to switch choosing a new company is not as hard as you think.

As you prepare to switch companies, it's very important that you do not buy poor coverage just to save money. There are too many instances where someone sacrificed collision coverage only to find out that their decision to reduce coverage ended up costing them more. The aim is to purchase plenty of coverage at the best price, but do not sacrifice coverage to save money.

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