Lexus ES 350 Insurance Rate Quotes in Laredo

Are you kicking yourself for buying an overpriced car insurance policy? You’re in good company because there are lots of Laredo residents who feel the same.

It’s hard to fathom, but a large majority of consumers have purchased from the same company for a minimum of four years, and just short of a majority have never compared car insurance rates at all. American drivers could save up to $860 a year by just shopping around, but they mistakenly think it’s difficult to compare rate quotes. Big companies like GEICO, Progressive and Allstate constantly blast consumers with TV and radio ads and it is challenging if not impossible to see past the corporate glitz and effectively compare rates to find the best deal.

It’s a great practice to compare premium rates as often as possible because rates change frequently. Just because you found the best rate on Lexus ES 350 insurance in Laredo a couple years back you can probably find a better price now. There are lots of tips to save on ES 350 insurance on the internet, but by reading this article, you’re going to learn some excellent ideas to stop overpaying for insurance in Laredo.

If you’re already insured or need new coverage, you can use these techniques to get lower rates and possibly find even better coverage. Locating the best rates in Laredo can really be easy if you know what you’re doing. Vehicle owners only need to know the best way to compare different rates over the internet.

Companies offering Lexus ES 350 insurance in Laredo

The auto insurance companies shown below are our best choices to provide comparison quotes in Laredo, TX. To get cheap auto insurance in Laredo, TX, we recommend you visit as many as you can in order to get a fair rate comparison.

Lexus ES 350 coverage analysis

The coverage information displayed below outlines detailed analysis of policy rates for Lexus ES 350 models. Having a better understanding of how policy premiums are figured is important to be able to make smart choices when comparing insurance quotes.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium costs do not factor in garaging location in Laredo which can influence rates greatly.

Where to set your deductibles

When comparing car insurance rates, the most common question is how high should the physical damage coverage deductibles be. The rates shown below may help to illustrate the costs and benefits when you select higher and lower coverage deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in specific zip code location which can modify coverage prices considerably.

Using the data above, we can ascertain that using a $100 deductible costs roughly $33 more each month or $396 every year than requesting the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 12 months between claims, you would most likely save money if you opt for a higher deductible.

The diagram below shows how choosing a deductible and can raise or lower Lexus ES 350 insurance costs for different age categories. The data assumes a married male driver, full physical damage coverage, and no other discounts are factored in.

Lexus ES 350 insurance costs by gender and age in Laredo

The chart below shows the comparison of Lexus ES 350 car insurance costs for male and female drivers. The premiums are based on no claims or driving violations, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are applied to the premium.

Full coverage rates compared to liability-only

The example below illustrates the difference between Lexus ES 350 annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no violations or accidents, $1,000 deductibles, marital status is single, and no discounts are applied.

When to drop comprehensive and collision coverage

There is no written rule to exclude physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Lexus ES 350 replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after paying the physical damage deductible. If it’s costing in excess of $200 annually to have full coverage, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

Learn How to Lower Your Insurance Rates

Smart consumers have a good feel for some of the factors that aid in calculating insurance rates. If you understand what influences your rates, this allows you to make good choices that can help you get lower premium levels.

The factors shown below are most of the major factors utilized by car insurance companies to help set rates.

• Cars with good safety ratings save money – Cars with high safety ratings tend to have lower insurance rates. Safe vehicles protect occupants better and better occupant protection means less money paid by your insurance company and lower rates for you.
• Discounts for married drivers – Having a significant other actually saves money on your policy. Having a spouse demonstrates that you tend to be less irresponsible and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
• Save money with alarm systems – Choosing a vehicle with a theft deterrent system can help bring down rates. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms help track and prevent auto theft.
• Save by driving less – The higher the miles on your Lexus in a year’s time the higher the price you pay to insure it. Most companies apply a rate partially by how you use the vehicle. Cars used primarily for pleasure use can get a lower rate than those used for commuting. Having the wrong rating on your ES 350 may be costing you. Make sure your insurance policy is showing how each vehicle is driven, because it can save money.

• Loss probability for a Lexus ES 350 – Insurance companies take into consideration insurance loss statistics for every vehicle to help calculate a profitable premium price. Vehicles that the data shows to have higher claim amounts or frequency will have higher rates. The table below shows the historical loss data for Lexus ES 350 vehicles.

  For each policy coverage, the statistical loss for all vehicles, regardless of make, model or trim level, is a value of 100. Percentage numbers below 100 represent a good loss history, while numbers above 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

  
  

  Insurance Loss Ratings for Lexus ES 350 Vehicles

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Lexus ES 350 4dr	126	79	160	91	100	78

  BETTER

  AVERAGE

  WORSE

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

Companies offer many discounts on Lexus ES 350 insurance in Laredo

Auto insurance is easily one of your largest bills, but companies offer discounts that can drop the cost substantially. Certain reductions will be credited when you purchase, but a few must be asked for before being credited.

• Passive Restraints – Cars that have air bags may earn rate discounts as much as 30%.
• Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better rates if you take out some life insurance too.
• Discount for Home Ownership – Just being a homeowner may earn you a small savings because owning a home is proof that your finances are in order.
• One Accident Forgiven – Not necessarily a discount, but companies like State Farm and Allstate will let one accident slide before raising your premiums if you are claim-free before the accident.
• Bundle and Save – If you can combine your home and auto policy and place coverage with the same company they may give you a discount of nearly 15% which can help you find the cheapest Lexus ES 350 insurance in Laredo.
• Pay Early and Save – If you pay your bill all at once rather than paying monthly you may have a lower total premium amount.

Please keep in mind that most discounts do not apply to the whole policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like it’s possible to get free car insurance, companies don’t profit that way.

The illustration below illustrates the difference between Lexus ES 350 yearly insurance costs with and without policy discounts. The premiums assume a male driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, claim-free, homeowner, and safe-driver discounts applied.

Some of the larger companies that may offer policyholders most of these discounts are:

• State Farm
• Progressive
• Travelers
• American Family
• Liberty Mutual

If you want low cost Laredo auto insurance quotes, ask each company which discounts they offer. Discounts may not be available in every state. To see auto insurance companies that offer multiple discounts in Texas, click here to view.

Insurance agent or online?

A small number of people would prefer to buy from a licensed agent and we recommend doing that Good insurance agents can help determine the best coverages and help file insurance claims. A good thing about comparing car insurance online is that you can find lower auto insurance rates but also keep your business local. Supporting neighborhood agents is important especially in Laredo.

To help locate an agent, after submitting this short form, the coverage information is immediately sent to participating agents in Laredo who will return price quotes for your car insurance coverage. It’s much easier because you don’t need to find an agent since rate quotes are delivered to the email address you provide. In the event you want to get a comparison quote for a specific company, you would need to search and find their rate quote page and complete a quote there.

If you are searching for a reputable agency, it’s important to understand the types of insurance agents and how they can service your needs differently. Agents in Laredo are considered either independent (non-exclusive) or exclusive. Either one can write car insurance policies, but it’s important to point out the differences because it can impact which agent you choose.

Independent Agents

Agents that elect to be independent are not restricted to one company so they can quote policies with multiple insurance companies and find the cheapest rate. If premiums increase, an independent agent can move your coverage which requires no work on your part. If you are trying to find cheaper rates, you need to check rates from several independent insurance agents so that you have a good selection of quotes to compare.

Shown below is a small list of independent insurance agents in Laredo who may provide cheap rate quotes.

More Laredo agents

Exclusive Insurance Agents

Exclusive agents normally can only provide a single company’s rates and examples are State Farm, AAA, and Liberty Mutual. These agents are unable to give you multiple price quotes so they are skilled at selling on more than just price. Exclusive agents receive extensive training on sales techniques which helps overcome the inability to quote other rates.

Shown below are exclusive insurance agents in Laredo willing to provide price quotes.

More Laredo agents

Choosing an insurance agency shouldn’t rely on just a cheap price quote. Some important questions to ask are:

• If you raise deductibles, how much can you save?
• Do they write coverage based solely on cost?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Do they have 24-hour customer assistance?
• Do you have coverage for a rental car if your vehicle is in the repair shop?
• Will high miles depreciate repair valuations?
• If your car is totaled, how to they determine the replacement cost?
• Do they specialize in personal lines coverage in Laredo?

Laredo car insurance companies ranked

Selecting a high-quality company can be a challenge considering how many different companies there are to choose from in Texas. The information below may help you analyze which insurers you want to consider shopping prices with.

In the end, you can save money

In this article, we covered many ways to save on Lexus ES 350 insurance in Laredo. The key concept to understand is the more quotes you get, the higher your chance of finding affordable Lexus ES 350 insurance quotes. You may even discover the best price on insurance is with a lesser-known regional company. These companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as Allstate and Progressive.

When shopping online for insurance, it’s a bad idea to buy less coverage just to save a little money. There are too many instances where someone dropped liability limits or collision coverage only to discover later that the savings was not a smart move. Your focus should be to buy a smart amount of coverage for the lowest price, but do not skimp to save money.

Lower-priced insurance in Laredo is possible both online and from local insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not offer price quotes online and usually these small, regional companies only sell coverage through local independent agencies.

Steps to finding more affordable Lexus ES 350 insurance in Laredo

If you want to save the most money, the best way to find better pricing on Lexus ES 350 insurance in Laredo is to start comparing prices yearly from insurers who sell auto insurance in Texas.

First, try to comprehend how auto insurance works and the modifications you can make to keep rates low. Many risk factors that cause rate increases such as high-risk driving behaviors and a bad credit rating can be controlled by making minor changes in your lifestyle.

Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from one company like Progressive or Farmers Insurance, while independent agents can quote prices from multiple insurance companies.

Third, compare the new quotes to your current policy premium to determine if you can save on ES 350 insurance in Laredo. If you can save money and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.

A good piece of advice is to make sure you’re comparing the same physical damage deductibles and liability limits on each quote request and and to analyze as many different companies as possible. This provides a fair rate comparison and a complete rate analysis.

Additional resources

• What if I Can’t Find Coverage? (Insurance Information Institute)
• What Auto Insurance is Cheapest for 17 Year Olds in Laredo? (FAQ)
• How Much are Laredo Auto Insurance Rates for a Ford F-150? (FAQ)
• What Car Insurance is Cheapest for a Toyota Highlander in Laredo? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Immigrants in Laredo? (FAQ)
• Who Has Cheap Laredo Auto Insurance for a Nissan Rogue? (FAQ)
• Driving in Bad Weather (Insurance Information Institute)
• Comprehensive Coverage (Liberty Mutual)