Cheapest 2017 Lexus ES 350 Insurance Rates in 2024

Trying to find better auto insurance rates for your Lexus ES 350? Having to pay for high-priced auto insurance can drain your personal savings and put a big crunch on your finances. Comparison shopping can save money and help to cut your insurance bill.

People have so many auto insurance companies to buy insurance from, and although it’s a good thing to have a choice, it can be more difficult to locate the cheapest rates.

These discounts can lower your insurance rates

The price of auto insurance can be rather high, but there could be significant discounts that you may not even be aware of. Certain discounts will be applied when you get a quote, but some need to be requested specifically in order for you to get them.

• Government Employee Discount – Active or retired federal employment could qualify for a slight premium decrease for ES 350 coverage with a few insurance companies.
• Accident Free – Drivers with accident-free driving histories can save substantially when compared to drivers who are more careless.
• Mature Driver Discount – Drivers that qualify as senior citizens could receive a small decrease in premiums for ES 350 coverage.
• Active Service Discounts – Being on active deployment in the military could be rewarded with lower premium rates.
• New Vehicle Savings – Insuring a new car is cheaper because newer vehicles keep occupants safer.
• Data Collection Discounts – People who choose to allow their company to spy on their driving habits by using a small device installed in their vehicle like Allstate’s Drivewise may see discounts if they exhibit good driving behavior.
• E-sign Discounts – Certain insurance companies may give you up to $50 for buying your policy over the internet.
• Anti-theft Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are less likely to be stolen and qualify for as much as a 10% discount.
• Home Ownership Discount – Owning a home may earn you a small savings because of the fact that having a home demonstrates responsibility.

A little disclaimer on discounts, most discounts do not apply to your bottom line cost. Some only reduce individual premiums such as collision or personal injury protection. Even though it may seem like all the discounts add up to a free policy, you won’t be that lucky.

Companies and their possible discounts are detailed below.

• State Farm may include discounts for multiple autos, student away at school, safe vehicle, anti-theft, driver’s education, accident-free, and Steer Clear safe driver discount.
• Farmers Insurance may have discounts that include business and professional, good student, distant student, mature driver, and youthful driver.
• GEICO may offer discounts for anti-lock brakes, seat belt use, driver training, emergency military deployment, defensive driver, and military active duty.
• American Family offers discounts for defensive driver, multi-vehicle, mySafetyValet, early bird, and good driver.
• Nationwide includes discounts for accident-free, anti-theft, multi-policy, family plan, good student, defensive driving, and easy pay.
• Progressive offers discounts including multi-vehicle, homeowner, multi-policy, online quote discount, online signing, good student, and continuous coverage.

Check with every insurance company which credits you are entitled to. Some discounts may not apply to policies in your area. If you would like to choose from a list of insurance companies that offer the discounts shown above, click here to view.

Components of your Lexus ES 350 insurance prices

Multiple criteria are used in the calculation when pricing auto insurance. Most are fairly basic such as traffic violations, but some are less obvious such as your credit history and annual miles driven.Smart consumers have a good feel for a few of the rating criteria that go into determining your policy premiums. When you know what positively or negatively influences your rates, this allows you to make good choices that can help you get lower car insurance prices.

Shown below are a few of the “ingredients” that factor into your premiums.

• Costs are affected by your address – Having an address in less populated areas is a positive aspect when trying to find low car insurance rates. Fewer drivers means reduced accidents. People in densely populated areas have more traffic problems and longer commute times. Spending more time driving means a statistically higher chance of an accident.
• Good credit scores equal low prices – An insured’s credit score can be a huge factor in determining your rates. Insureds with excellent credit scores tend to be more responsible than those with lower credit scores. If your credit is lower than you’d like, you could potentially save money when insuring your 2017 Lexus ES 350 by improving your credit score.
• GPS tracking and theft deterrents reduce rates – Buying a car that has a built-in theft deterrent system can help bring down rates. Systems that thwart theives like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft.
• Age of drivers – Older insureds are more cautious drivers, are lower risk to insure , and are generally more financially stable.Teen drivers are proven to be easily distracted with other occupants in the car therefore car insurance rates are much higher.
• Higher coverage deductibles are cheaper – Insurance for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Lexus. Examples of covered claims could be a windshield shattered by a rock, damage from fire, and damage caused by flying debris. Your deductibles are how much you are required to spend out-of-pocket before a claim is paid by your company. The more damage repair cost the insured is willing to pay, the less your company will charge you for insurance for ES 350 coverage.
• Where do you drive? – The more you drive your Lexus in a year’s time the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage based upon how the vehicle is primarily used. Cars and trucks not used for work or commuting receive lower rates than those that get driven frequently. A policy that improperly rates your ES 350 is throwing money out the window. It’s a smart idea to ensure your car insurance declarations sheet shows the right rating data.

Different people need different auto insurance coverages

When it comes to buying the right insurance coverage for your personal vehicles, there is no perfect coverage plan. Everyone’s needs are different so this has to be addressed. For example, these questions can aid in determining whether or not you could use an agent’s help.

• What can I do if my company won’t pay a claim?
• Is my dog or cat covered if injured in an accident?
• Is my state a no-fault state?
• Do I need motor club coverage?
• Are my friends covered when driving my car?
• How can I get high-risk coverage after a DUI?
• Are rock chip repairs covered?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Parts of your insurance policy

Knowing the specifics of your policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the usual coverages available from insurance companies.

Comprehensive auto coverage

This pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from flooding, a tree branch falling on your vehicle and fire damage. The most a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverage

This will pay to fix damage to your ES 350 resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like backing into a parked car, hitting a mailbox, colliding with another moving vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for rehabilitation expenses, chiropractic care and funeral costs. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability insurance

Liability coverage provides protection from damage or injury you incur to people or other property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Alternatively, you may have a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like emergency aid, bail bonds, medical expenses and attorney fees. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your 2017 Lexus ES 350.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these limits are set the same as your liability limits.

Don’t break the bank

When shopping online for car insurance, never skimp on critical coverages to save a buck or two. In many instances, an accident victim reduced collision coverage and learned later that they should have had better coverage. Your strategy should be to buy enough coverage at the best cost, but do not sacrifice coverage to save money.

Some insurance companies may not provide the ability to get a quote online and most of the time these smaller providers prefer to sell through local independent agents. Lower-priced car insurance is attainable both online and also from your neighborhood agents, and you should compare rates from both to get a complete price analysis.

Additional information can be found below:

• What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
• Preventing Carjacking and Theft (Insurance Information Institute)
• Collision Insurance Coverage (Nationwide)
• Young Drivers: The High Risk Years Video (iihs.org)

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