Cheapest 2014 Lexus RX 350 Insurance Rates in 2024

Looking for lower insurance rates for your Lexus RX 350? Are you a victim of high-priced insurance? Trust us, you’re not the only one. Drivers have so many insurance companies to insure vehicles with, and though it is a good thing to have a selection, too many choices makes it more difficult to find the best rates for your vehicles.

Cheap Car Insurance Comparisons

Comparing car insurance rates can be challenging if you aren’t aware of the easiest way. You could spend your day discussing policy coverages with local insurance agents in your area, or you could save time and use online quoting to get rates in a matter of minutes.

Many insurance companies participate in an industry program where insurance shoppers submit their information once, and at least one company returns a competitive quote based on that data. This prevents consumers from doing quotation requests to each individual car insurance company.

To use this form to compare 2014 Lexus RX 350 insurance rates click here to start a free quote.

One minor caveat to comparing rates this way is that you can’t choose which insurance companies to get pricing from. So if you prefer to pick individual companies to compare, we have assembled a list of companies who write car insurance in your area. View list of insurance companies.

However you get your quotes, ensure you’re using the exact same coverage limits and deductibles with every price quote. If each company quotes different deductibles it will be very difficult to truly determine the lowest rate.

Discounts on 2014 Lexus RX 350 insurance

Companies that sell car insurance don’t always list all their discounts very clearly, so the following is a list of both well-publicized as well as the least known discounts you could be receiving. If you’re not getting every credit you qualify for, you are throwing money away.

• Save with a New Car – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
• Military Discounts – Having a family member in the military could be rewarded with lower premiums.
• Theft Prevention Discount – Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.
• Fewer Miles Equal More Savings – Driving fewer miles could qualify for lower rates on the low mileage vehicles.
• Employee of Federal Government – Employees or retirees of the government can save as much as 8% on RX 350 coverage with certain companies.
• Memberships – Being a member of a civic or occupational organization could trigger savings on car insurance on RX 350 coverage.
• Passive Restraints – Cars that have air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
• Driver Safety – Completing a driver safety course could cut 5% off your bill if your company offers it.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So even though it sounds like you could get a free car insurance policy, you won’t be that lucky.

A partial list of companies who might offer these money-saving discounts include:

• 21st Century
• Progressive
• State Farm
• Nationwide
• Esurance
• The Hartford

Check with each company which discounts you may be entitled to. Savings might not be offered everywhere.

Tailor your coverage to you

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there is no cookie cutter policy. Each situation is unique so your insurance should reflect that For example, these questions may help you determine if your situation would benefit from an agent’s advice.

• Am I better off with higher deductibles on my 2014 Lexus RX 350?
• Do I get a pro-rated refund if I cancel my policy early?
• When should I drop full coverage on my 2014 Lexus RX 350?
• Am I covered when using my vehicle for business?
• Does my personal policy cover me when driving out-of-state?
• Who is covered by my policy?
• What if I don’t agree with a claim settlement offer?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Why your Lexus RX 350 might be costing you more

It’s important that you understand the different types of things that go into determining your insurance coverage rates. Understanding what determines base rates enables informed choices that will entitle you to much lower annual insurance costs.

• Do you need those extra coverages? – There are a lot of additional coverages that can waste your money when buying insurance coverage. Things like roadside assistance, accident forgiveness and membership fees are examples of these. These may sound like a good investment when talking to your agent, but your needs may have changed so remove them from your policy.
• Mature drivers pay less – Teenage drivers have a tendency to be less responsible behind the wheel so insurance coverage rates are higher. Having to add a youthful driver to your policy can really hurt. Older drivers tend to be more responsible, tend to cause fewer accidents and are safer drivers.
• Better crash test results mean better rates – Safer cars can get you lower premiums. The safest vehicles result in less severe injuries and lower injury rates means lower claim amounts and more competitive rates for policyholders. If the Lexus RX 350 scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
• Do you qualify for a multi-policy discount? – Most companies provide better rates to people who consolidate policies with them. It’s known as a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even if you’re getting this discount it’s in your best interest to compare other company rates to ensure the best deal.
• Your job and insurance rates – Did you know your job can affect your rates? Occupations such as judges, business owners and accountants have higher rates than average attributed to stressful work requirements and long work days. On the flip side, professions such as actors, athletes and homemakers get better rates on RX 350 coverage.
• Your location affects your rates – Living in small towns and rural areas can save you money when it comes to insurance coverage. Urban drivers regularly have traffic congestion and much longer commute distances. Fewer drivers means reduced accidents and also fewer theft and vandalism claims.
• Traffic citations inflate rates – Your driving citation history has a huge affect on how much you pay. Just one speeding ticket may increase your cost by as much as thirty percent. Drivers with clean records receive lower rates than their less careful counterparts. Drivers who have dangerous citations such as hit and run, DWI or reckless driving convictions may need to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.

Car insurance policy coverages for a 2014 Lexus RX 350

Learning about specific coverages of car insurance helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages available from car insurance companies.

Comprehensive (Other than Collision)

This covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things such as falling objects, vandalism, damage from getting keyed and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability auto insurance

This coverage can cover injuries or damage you cause to other people or property in an accident. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged property.

Liability coverage protects against claims such as court costs, loss of income, attorney fees and bail bonds. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Lexus RX 350.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Auto collision coverage

Collision coverage will pay to fix damage to your RX 350 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like colliding with a tree, colliding with another moving vehicle, rolling your car and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like surgery, nursing services and dental work. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Cheaper insurance is a realistic goal

We just presented a lot of information how to save on 2014 Lexus RX 350 insurance. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers could even find that the biggest savings come from a smaller regional carrier. These smaller insurers may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.

Budget-conscious insurance can be bought on the web and also from your neighborhood agents, so you should compare both in order to have the best price selection to choose from. A few companies may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

More tips and info about auto insurance can be read in these articles:

• Teen Driving Statistics (iihs.org)
• What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
• What is a Telematics Device? (Allstate)
• Liability Insurance Coverage (Nationwide)
• Medical Payments Coverage (Liberty Mutual)
• Booster Seat Ratings (iihs.org)