Car Insurance Quotes for a Lexus RX 350 in Tampa

Trying to find better insurance prices for a Lexus RX 350 in Florida can normally be a lot of work, but you can use these tips to save time. There is a better way to shop for car insurance and you need to know the absolute fastest way to get price quotes for a Lexus and obtain the lowest price from Tampa insurance agents and online providers.

Choosing the best rates in Tampa is not that difficult. If you are already insured or need new coverage, you can use this information to buy cheaper auto insurance and still have adequate protection. Consumers just have to learn how to buy auto insurance from many different companies.

Companies offering Lexus RX 350 insurance in Tampa

The providers in the list below provide free quotes in Florida. If you wish to find cheap car insurance in Tampa, we recommend you compare several of them to get the most competitive price.

Auto insurance statistics and figures

The premium table shown next showcases detailed analysis of coverage costs for Lexus RX 350 models. Knowing how insurance prices are formulated can help you make decisions on which insurance to purchase.

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rate information does not factor in vehicle garaging location which can lower or raise coverage rates substantially.

An analysis of deductible level

One common question asked by Tampa drivers is which deductible level should you buy. The following tables show the costs and benefits when you select higher and lower physical damage coverage deductibles. The first rate table uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Price estimates do not factor in vehicle location which can alter price quotes substantially.

We can estimate from the data above that using a $100 deductible costs about $36 more each month or $432 each year across all Lexus RX 350 models than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you have more than 11 months between claims, you would probably come out ahead going with the higher deductible.

The example below illustrates how your choice of deductibles and can affect Lexus RX 350 insurance prices for different insured age categories. The rate quotes are based on a single male driver, comp and collision included, and no policy discounts are applied.

Cost comparison with and without full coverage

The example below visualizes the comparison of Lexus RX 350 insurance costs when comparing full coverage to liability only. The premiums assume no accidents or driving violations, $1,000 deductibles, single status, and no other discounts are factored in.

When to stop buying physical damage coverage

There is no definitive formula that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Lexus RX 350 settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after paying your policy deductible. If premiums are more than $500 annually for your policy with full coverage, then it might be time to buy liability only.

There are some cases where buying only liability insurance is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

Car insurance discounts are available to get cheap rates

Not many people think insurance is cheap, but you may qualify for discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically at the time of quoting, but a few must be inquired about prior to receiving the credit.

• Safe Driver Discounts – Drivers who don’t get into accidents can save up to 40% or more on their Tampa car insurance quote compared to accident prone drivers.
• Policy Bundle Discount – If you have multiple policies with one insurance company you could earn a discount of as much as 10 to 15 percent.
• Drivers Education – Teen drivers should enroll in driver’s education as it will make them better drivers and lower rates.
• Military Discounts – Being deployed in the military could qualify you for better rates.
• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts could save 15% off the PIP or medical payment premium.
• Full Payment Discount – If you pay your entire premium ahead of time rather than spreading payments over time you could save up to 5%.
• Government Employees – Employees or retirees of the government may qualify for a discount when you quote Tampa car insurance with select insurance companies.

You can save money using discounts, but most of the big mark downs will not be given to your bottom line cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. Even though it appears you could get a free car insurance policy, you’re out of luck.

The diagram below shows the comparison of Lexus RX 350 insurance costs with and without policy discounts. Data assumes a female driver, no violations or accidents, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, marriage, safe-driver, and claim-free discounts applied.

A few popular companies and the discounts they provide can be found below.

• Mercury Insurance offers premium reductions for professional/association, anti-theft, multi-car, good driver, and accident-free.
• Farmers Insurance may include discounts for distant student, good student, bundle discounts, mature driver, electronic funds transfer, alternative fuel, and teen driver.
• Farm Bureau policyholders can earn discounts including youthful driver, renewal discount, 55 and retired, multi-vehicle, and driver training.
• State Farm offers discounts including safe vehicle, good student, accident-free, defensive driving training, multiple autos, and passive restraint.
• Allstate has savings for resident student, eSmart discount, new car, EZ pay plan discount, senior citizen, multi-policy, and farm vehicle.
• GEICO offers discounts for membership and employees, anti-theft, seat belt use, multi-policy, and federal employee.

When quoting, ask all the companies to give you their best rates. Depending on the company, some discounts might not be available to policyholders everywhere. To see a list of car insurance companies that have a full spectrum of discounts in Tampa, click here.

Learn How to Get Car Insurance at a Discount

A large part of saving on car insurance is knowing some of the things that are used to determine the level of your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that could help you find lower rates. Lots of factors are used when pricing auto insurance. Some of the criteria are obvious such as traffic violations, but other criteria are not as apparent like your vehicle usage or your commute time.

The itemized list below are some of the most common factors car insurance companies consider when setting your rates.

Rates increase with policy add-ons – There are a lot of extra add-on coverages that can add up if you aren’t careful. Add-on coverages like coverage for rental cars, towing, and additional equipment coverage may not be needed and are just wasting money. The coverages may be enticing when discussing your needs, but if you have no use for them get rid of them and save.

Insurance rates for married couples – Your spouse can actually save you money on your car insurance bill. It translates into being more financially stable and it’s statistically proven that being married results in fewer claims.

Older drivers save more – Beginning drivers in Florida have a tendency to get distracted easily when driving so car insurance rates are higher. Having to add a teen driver to your car insurance policy can be quite pricey. Older insureds tend to be more responsible, cause fewer claims and accidents, and are generally more financially stable.

The next chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Annual miles impacts premiums – The higher the mileage driven annually the more it will cost to insure it. The majority of insurers calculate rates based on how the vehicle is used. Autos that sit idle most of the time qualify for better rates than those that get driven frequently. It’s a smart idea to ensure your car insurance coverage is showing the proper vehicle usage. Incorrect rating for your RX 350 is just wasting money.

Frequent insurance claims will cost you more – If you file claims often, you can pretty much guarantee much higher rates or policy non-renewal. Insurance companies in Florida generally give discounts to policyholders who do not file claims often. Your insurance policy is intended for the bigger claims that can’t be paid out-of-pocket.

Prices may be lower depending on your occupation – Jobs like doctors, police officers, and financial analysts usually pay higher rates than the rest of us in part from intense work-related stress and lots of time spent at work. Other careers like professors, athletes and the unemployed receive lower rates.

Insurance losses for a Lexus RX 350 – Insurers analyze the history of losses as a tool for profitable underwriting. Vehicles that statistically have a trend towards higher claims will be charged more to insure. The data below shows the loss history for Lexus RX 350 vehicles.

For each coverage type, the loss probability for all vehicles, as a total average, is considered to be 100. Numbers shown that are under 100 indicate better than average losses, while numbers above 100 show a trend for more claims or a tendency for losses to be larger than average.

Do I just need basic coverages?

When it comes to buying coverage online or from an agent for your personal vehicles, there isn’t really a cookie cutter policy. You are unique and a cookie cutter policy won’t apply.
For example, these questions may help highlight if your insurance needs might need professional guidance.

• Is my ex-spouse still covered by my policy?
• Am I covered if I break a side mirror?
• When should I not file a claim?
• Do I need motorclub coverage?
• Can I afford to pay high deductible claims out of pocket?
• Why am I required to get a high-risk car insurance policy?
• Can my teen drive my company car?
• What if an uninsured driver hits me?
• What is PIP insurance?
• Am I covered while delivering pizza?

If you’re not sure about those questions, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It is quick, free and you can get the answers you need.

When to have guidance from an agent

Some people still prefer to have an agent’s advice and that is OK! Professional insurance agents are trained to spot inefficiencies and help file insurance claims. One of the best bonuses of getting free rate quotes online is that you can obtain lower rates but also keep your business local.

By using this quick form, the quote information is sent to agents in your area who will return price quotes for your insurance coverage. There is no need to contact any agents because prices are sent to you. If you want to quote rates for a specific company, you would need to find their quoting web page and fill out their quote form.

Deciding on a provider is decision based upon more than just a cheap quote. Below are some questions you should ask.

• What insurance company do they write the most business with?
• How much training do they have in personal risk management?
• Will your rates increase after a single accident?
• Do they reduce claim amounts on high mileage vehicles?
• Do they review policy coverages at every renewal?

Below are agents in Tampa that may be willing to give price quotes for Lexus RX 350 insurance in Tampa.

• Charlies Agents Insurance Agency
  2701 N Himes Ave #201 – Tampa, FL 33607 – (813) 831-8363 – View Map
• Rip Weachter Insurance Agency
  4311 W El Prado Blvd – Tampa, FL 33629 – (813) 831-8889 – View Map
• Seibert Insurance Agency
  5121 Ehrlich Rd #111 – Tampa, FL 33624 – (813) 960-4672 – View Map
• Varcas Insurance Agency LLC
  1721 W Hillsborough Ave – Tampa, FL 33603 – (813) 319-1940 – View Map

View more agents

After receiving satisfactory answers for all questions you ask as well as a affordable price, you may have found an provider that is reputable and can adequately provide insurance. Keep in mind it’s your coverage and you can cancel coverage any time you want so don’t feel that you are permanently stuck with a specific agent with no way out.

Don’t give up on affordable rates

The cheapest Lexus RX 350 insurance in Tampa can be found both online and from local agencies, so you should compare both to have the best chance of lowering rates. Some insurance providers may not offer the ability to get a quote online and usually these small, regional companies only sell through independent insurance agencies.

We just covered a lot of tips how to compare Lexus RX 350 insurance prices in Tampa. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. You may even be surprised to find that the lowest prices come from an unexpected company. These companies often have lower rates on specific markets compared to the large companies like Allstate and Progressive.

Steps to finding discount Lexus RX 350 insurance in Tampa

The best way to get the cheapest auto insurance rates is to compare quotes once a year from insurers who provide car insurance in Tampa. Drivers can shop around by following these steps.

• First, get a basic knowledge of how companies price auto insurance and the steps you can take to lower rates. Many things that increase rates like high-risk driving behaviors and a poor credit score can be controlled by improving your driving habits or financial responsibility.
• Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive or Farmers Insurance, while independent agencies can provide prices for a wide range of companies. Find a Tampa insurance agent
• Third, compare the new rates to your existing rates to see if a cheaper price is available in Tampa. If you find better rates and make a switch, verify that coverage does not lapse between policies.

The key thing to know about shopping around is to use similar limits and deductibles on every quote request and and to get rates from every insurance company. This enables a fair price comparison and the best price selection.

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

• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Who Has Cheap Auto Insurance Rates After a Speeding Ticket in Tampa? (FAQ)
• Winter Driving (Insurance Information Institute)
• All About Airbag Safety (State Farm)
• How Can I Save Money on Auto Insurance? (Insurance Information Institute)
• What is Gap Insurance? (Insurance Information Institute)