Cheapest Lexus RX 350 Insurance in Detroit

The best way we recommend to find cheaper Lexus RX 350 insurance in Detroit is to compare quotes annually from different companies in Michigan.

1. Take a few minutes and learn about what coverages are included in your policy and the measures you can take to prevent high rates. Many things that cause high rates like at-fault accidents and an imperfect credit score can be amended by improving your driving habits or financial responsibility. Keep reading for more details to find cheap rates and find discounts that may have been missed.
2. Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like Progressive and State Farm, while agents who are independent can quote prices for many different companies.
3. Compare the new rates to the price on your current policy and determine if there is any savings. If you can save some money, make sure coverage does not lapse between policies.

A key point to remember is that you’ll want to make sure you compare the same liability limits and deductibles on each price quote and and to analyze as many different companies as possible. Doing this helps ensure a fair rate comparison and the most accurate and complete price analysis.

Unthinkable but true, 70% of consumers have stayed with the same insurance company for four years or more, and nearly 40% of drivers have never compared quotes from other companies. Many drivers in the U.S. could cut their rates by nearly $860 a year just by shopping around, but they mistakenly think it’s difficult to find lower-cost insurance rates.

Do you qualify for discounts on Lexus RX 350 insurance in Detroit?

Companies offering auto insurance don’t always advertise all available discounts very well, so we researched both well-publicized and the more hidden discounts that may be available.

• Fewer Miles Equal More Savings – Fewer annual miles on your Lexus could be rewarded with substantially lower premium rates.
• Telematics Data – Policyholders that allow driving data submission to study driving patterns by using a small device installed in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could save a few bucks if they exhibit good driving behavior.
• Student in College – College-age children who are enrolled in a college that is more than 100 miles from Detroit and won’t have access to an insured vehicle could qualify for this discount.
• Pay Upfront and Save – If you pay your entire premium ahead of time as opposed to paying monthly you may have a lower total premium amount.
• Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in school.
• Early Switch Discount – Some insurance companies reward drivers for renewing your policy before your current coverage expires. It’s a savings of about 10%.

A little note about advertised discounts, most discounts do not apply to the entire policy premium. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Despite the fact that it seems like you could get a free insurance policy, insurance companies wouldn’t stay in business.

The chart below illustrates the comparison of Lexus RX 350 insurance rates with and without discounts applied to the rates. The information is based on a male driver, no tickets, no at-fault accidents, Michigan state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, safe-driver, marriage, and multi-policy discounts applied.

Car insurance companies that possibly offer these benefits include:

• GEICO
• USAA
• Progressive
• American Family
• Esurance
• Farmers Insurance
• State Farm

If you need lower rates, check with every company how many discounts you can get. All car insurance discounts might not be offered in Detroit. If you would like to choose from a list of companies that offer many of these discounts in Detroit, click here to view.

Compare Detroit Lexus RX 350 insurance price quotes online

To find the best auto insurance rates, there are several ways to compare prices from all the different companies. One of the best ways to find the cheapest Lexus RX 350 insurance rates is to get quotes online. When quoting auto insurance, remember that making a lot of price comparisons increases your odds of finding lower pricing.

The following companies are ready to provide price quotes in Detroit, MI. To find the best cheap auto insurance in Detroit, MI, we suggest you visit as many as you can in order to find the most affordable rates.

Rates and statistics

The rate information shown next outlines a range of coverage costs for Lexus RX 350 models. Understanding how car insurance prices are established can assist in making decisions on which coverage to buy.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in Detroit location which can alter price quotes noticeably.

Policy deductibles

When shopping for insurance, a common question is which deductibles should you choose. The figures shown below may aid in understanding the rate fluctuation when you select higher and lower physical damage coverage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second price chart uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Table data does not factor in specific location information which can modify premium rates substantially.

Based on the figures above, using a $250 deductible costs approximately $61 more each month or $732 every year than selecting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have more than 12 months between claim filings, you would save money if you elect the higher deductible.

The information below shows how choosing a deductible and can increase or decrease Lexus RX 350 insurance costs for each different age category. The rate quotes are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Annual premiums for males compared to females

The information below visualizes the comparison of Lexus RX 350 insurance rates for male and female drivers. The data is based on no accidents or driving violations, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are applied to the premium.

Lexus RX 350 full coverage rates compared to liability only

The illustration below shows the comparison of Lexus RX 350 car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on a clean driving record, no at-fault accidents, $500 deductibles, single status, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There isn’t a written rule that works best for making the decision to drop full coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s say your Lexus RX 350 settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying your policy deductible. If you are paying more than $200 annually to have full coverage, then you might want to consider buying only liability coverage.

There are some circumstances where only buying liability is not advised. If you still owe money on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Learn How to Lower Your Insurance Costs

Many factors are part of the equation when you get your auto insurance bill. Most are fairly basic like a motor vehicle report, but other factors are not as apparent such as whether you are married or your commute time. Part of the auto insurance buying process is learning the different types of things that help calculate your premiums. If you have some idea of what determines base rates, this allows you to make good choices that could result in better auto insurance rates.

Listed below are some of the major factors used by your company to calculate your rates.

• Where you live is a factor – Living in less populated areas has definite advantages when shopping for auto insurance. Lower population means a lower chance of having an accident and a lower car theft rate. Urban drivers have to deal with more auto accidents and more severe claims. More time on the road means a statistically higher chance of an accident.

• With age comes lower prices – Drivers with little experience are known to be inattentive with other occupants in the car therefore auto insurance rates are much higher. Older drivers have been proven to be more responsible, file fewer claims, and tend to be get fewer driving tickets.

  The following data assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

• Single drivers take more risk – Being married can actually save you money compared to being single. Marriage generally demonstrates drivers are more mature than a single person and statistics show being married results in fewer claims.

• Avoid traffic tickets – Being a careful driver has a huge affect on how much you pay. Attentive drivers get better prices than people who have multiple driving citations. Only having one moving violation could increase your next policy renewal by as much as twenty percent. Drivers with dangerous tickets like reckless driving, hit and run or driving under the influence may find they need to maintain a SR-22 with their state’s licensing department in order to prevent a license revocation.

  The illustration below shows how speeding tickets and at-fault fender-benders can drive up Lexus RX 350 yearly insurance costs for different age categories. The data assumes a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.

• Insurance loss data for a Lexus RX 350 – Insurers include the past claim history for a vehicle when setting rates for each model. Models that have increased claim numbers or amounts will cost more for specific coverages.

  The table shown below demonstrates the actual insurance loss data for Lexus RX 350 vehicles. For each policy coverage, the loss probability for all vehicles, regardless of make or model, is a value of 100. Numbers that are below 100 suggest losses that are better than average, while values over 100 indicate frequent claims or statistically larger losses.

  
  

  Insurance Loss Ratings for Lexus RX 350 Vehicles

  Specific Lexus 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

  BETTER

  AVERAGE

  WORSE

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

How to know if you need help

When it comes to coverage online or from an agent for your vehicles, there is no one-size-fits-all type of policy. Every insured’s situation is different.

For instance, these questions can help discover if your situation might need an agent’s assistance.

• Am I covered if I hit someone who is not insured?
• When would I need additional glass coverage?
• What is motorclub and do I need it?
• What can I do if my company denied a claim?
• Should I waive the damage coverage when renting a car?
• When would I need rental car insurance?
• Should I buy only the required Michigan minimum liability coverage?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form.

Do I need a local insurance agent?

Many drivers would prefer to talk to an insurance agent and that can be a great decision An additional benefit of getting online price quotes is you may find the best rates and still have a local agent. Buying from neighborhood agents is important particularly in Detroit.

Upon completion of this short form, your coverage information is immediately sent to insurance agents in Detroit who will give you bids for your business. It makes it easy because there is no need to even leave your home as quotes are delivered directly to you. You can find better rates and work with a local agent. In the event you want to get a price quote from a specific insurance company, you can always go to their quote page to submit a rate quote request.

Compare rates from both independent and exclusive auto insurance agents

If you prefer to buy car insurance from a good insurance agency, you must know there are a couple types of insurance agents and how they can write your policy. Agencies in Detroit can be classified as either independent or exclusive.

Independent Car Insurance Agencies

These agents are not employed by any specific company so they have the ability to put coverage with any number of different companies and possibly get better coverage at lower prices. If premiums increase, the business is moved internally and you stay with the same agent.

If you need cheaper car insurance rates, you will definitely want to get several quotes from a couple of independent agencies in order to have the best price comparison. They often place coverage with smaller companies who may have lower rates.

Featured below are independent insurance agencies in Detroit who can help you get free car insurance rate quotes.

• Look! Insurance
  11324 W Jefferson Ave # 1 – River Rouge, MI 48218 – (888) 566-5467 – View Map
• Titan Insurance
  3144 Woods Cir Dr – Detroit, MI 48207 – (313) 974-7085 – View Map
• Clark Insurance Agency
  2711 E Jefferson Ave #206 – Detroit, MI 48207 – (313) 259-6600 – View Map

View more Detroit agents

Exclusive Insurance Agents

Agents that elect to be exclusive can only provide pricing for a single company and some examples include Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot provide rate quotes from other companies so always compare other rates. Exclusive agents receive a lot of sales training on their products and sales techniques and that enables them to sell even at higher rates. Many people use the same exclusive agent primarily because of the brand legacy and the convenience of having a single billing for all their coverages.

Below are Detroit exclusive agents that can give you rate quotes.

• Tony Massey – State Farm Insurance Agent
  15 E Kirby St #112 – Detroit, MI 48202 – (313) 873-3334 – View Map
• State Farm – Eric Huffman
  3031 W Grand Blvd #568 – Detroit, MI 48202 – (313) 875-3172 – View Map
• Jim Saucedo – State Farm Insurance Agent
  5602 Vernor Hwy – Detroit, MI 48209 – (313) 841-8100 – View Map

View more Detroit agents

Selecting an insurance agent should include more criteria than just a low price. Here are some questions you should ask.

• Do they have a Better Business Bureau rating in Detroit?
• Do the companies they represent have a solid financial rating?
• Does the agency provide any after hours assistance?
• Are they full-time agents?
• Can glass repairs be made at your home?
• How does the company pay claims for a total loss?
• What discounts might you be missing?

Three main reasons to buy auto insurance

Despite the high insurance cost for a Lexus RX 350 in Detroit, buying auto insurance is required in Michigan but also provides important benefits.

• The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage in order to license the vehicle. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a lien on your RX 350, it’s most likely the lender will stipulate that you buy full coverage to guarantee their interest in the vehicle. If you let the policy lapse, the lender may insure your Lexus at a significantly higher premium and force you to pay for the expensive policy.
• Auto insurance preserves both your Lexus RX 350 and your assets. It will also reimburse you for medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying auto insurance definitely exceed the price paid, particularly when you have a large claim. But the average driver in Michigan is overpaying over $810 a year so compare rates at every policy renewal to save money.

How much can you save?

Drivers change insurance companies for many reasons like extreme rates for teen drivers, questionable increases in premium, policy non-renewal or not issuing a premium refund. Regardless of your reason, switching car insurance companies is pretty simple and you could end up saving a buck or two.

Cheaper Lexus RX 350 insurance in Detroit can be found from both online companies as well as from independent agents in Detroit, so you should compare both to get a complete price analysis. Some insurance companies may not have rate quotes online and many times these small, regional companies provide coverage only through local independent agents.

When getting Detroit auto insurance quotes online, don’t be tempted to reduce coverage to reduce premium. There have been many situations where an accident victim reduced physical damage coverage only to regret at claim time that they should have had better coverage. The aim is to get the best coverage possible at the best possible price.

To learn more, feel free to visit the following helpful articles:

• Teen Driving and Texting (State Farm)
• Who Has Cheap Auto Insurance Quotes for Drivers Over Age 60 in Detroit? (FAQ)
• Who Has the Cheapest Detroit Car Insurance Quotes for Drivers Under 25? (FAQ)
• What Car Insurance is Cheapest for High Risk Drivers in Detroit? (FAQ)
• How Much Does Car Insurance Go Up After a Speeding Ticket? (DetroitInsure.com)
• Rental Car Insurance Tips (Insurance Information Institute)
• Think You’re a Safe Driver? (State Farm)