Discount Lexus ES 350 insuranceWant to learn a better way to compare cheaper Lexus ES 350 insurance in Aurora? Paying for pricey Lexus ES 350 insurance in Aurora can deplete your family's budget and put the squeeze on your family's finances. Shopping your coverage around is recommended to slash your bill and have more diposable income.

Unbelievably, nearly 70% of drivers renewed their policy with the same company for at least four years, and about 40% of consumers have never shopped around. Aurora consumers could pocket about $605 a year by just shopping around, but they don't understand how simple it is to find lower-cost insurance by shopping around. Insurance companies such as State Farm, GEICO and Farmers Insurance all promote huge savings with fancy advertisements and it is difficult to separate fact from fiction and effectively compare rates to find the best deal.

If you have coverage now or need new coverage, you can use these techniques to find the best rates while maximizing coverage. Buying affordable insurance in Aurora is not rocket science. Drivers just have to know the quickest method to shop from multiple carriers.

Best Lexus ES 350 insurance rate quotes in Colorado

The following companies offer free quotes in Colorado. If multiple companies are shown, it's a good idea that you visit several of them in order to find the most competitive rates.

Lexus ES 350 Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $346 $682 $308 $18 $92 $1,446 $121
Get Your Own Custom Quote Go

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate quotes do not factor in vehicle location which can alter rates significantly.

Insurance rate increases from tickets or accidents

The illustration below illustrates how traffic citations and at-fault fender-benders can raise Lexus ES 350 yearly insurance costs for different insured age categories. The costs are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Deductible comparison

One common question asked by Aurora drivers is which deductibles should you choose. The following insurance rates show the rate difference between high and low comp and collision deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second rate chart uses a $500 deductible.

Lexus ES 350 insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $380 $740 $298 $18 $90 $1,551 $129
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Lexus ES 350 insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $278 $500 $298 $18 $90 $1,184 $99
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price information does not factor in vehicle garaging location which can raise or lower premium rates greatly.

Based on the data above, we can derive that using a $100 deductible will cost you roughly $30 more each month or $360 annually than buying the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 13 months between claim filings, you would probably save some money if you decide on a higher deductible.

Do you qualify for discounts?

Some companies don't necessarily list the entire discount list in an easy-to-find place, so we took the time to find some of the more common as well as the least known discounts you could be receiving when you buy Aurora car insurance online.Auto insurance discounts

You can save money using discounts, but most discount credits are not given the the whole policy. Some only reduce the cost of specific coverages such as comp or med pay. If you do the math and it seems like you could get a free auto insurance policy, companies wouldn't make money that way.

Larger auto insurance companies and their possible discounts can be read below.

Before buying, ask every insurance company what discounts are available to you. Some credits may not apply in every state. If you would like to view insurance companies that provide some of the discounts listed above in Colorado, click here.

Informed Consumers Save on Insurance

A large part of saving on car insurance is knowing the different types of things that come into play when calculating the rates you pay for car insurance. When consumers understand what impacts premium levels, this helps enable you to make changes that could help you find cheaper rates.

The following are some of the things utilized by car insurance companies to help set premiums.

Raising comp and collision deductibles lowers prices - Physical damage coverage, aka comp and collision, covers your vehicle from damage. Some examples of covered claims would be a windshield shattered by a rock, damage from fire, and burglary. Deductibles for physical damage are how much you are required to spend if a claim is determined to be covered. The more you pay before a claim is paid (deductible), the less money you will pay for car insurance.

Long commutes cost more - The more you drive every year the higher the price you pay to insure it. Most insurance companies rate vehicles based on how the vehicle is used. Autos that sit idle most of the time qualify for better rates than vehicles that have high annual mileage. Having an incorrect usage rating on your ES 350 is just wasting money. Double check that your declarations sheet states annual mileage, because it can save money.

Avoid car insurance policy lapses - Allowing your coverage to lapse is a sure-fire way to pay more for car insurance. In addition to paying higher rates, not being able to provide proof of insurance might get you a fine, jail time, or a revoked license. You may have to provide proof of insurance in the form of an SR-22 filing with the Colorado motor vehicle department.

Low credit history equals high prices - A driver's credit score can be a huge factor in your rate calculation. If your credit rating can use some improvement, you may save money insuring your Lexus ES 350 by repairing your credit. Insureds with very good credit scores tend to be more responsible and file fewer claims than those with poor credit.

Having a spouse equates to better premiums - Your spouse may earn you lower rates compared to being single. Marriage usually means you are more responsible and insurance companies like that being married results in fewer claims.

Lexus ES 350 claim probability - Car insurance companies take into consideration insurance loss statistics for every vehicle when determining insurance rates. Models that the data determines to have higher number or severity of losses will have increased rates. The next table shows the loss history for Lexus ES 350 vehicles.

For each coverage type, the statistical loss for all vehicles, as a total average, equals 100. Values that are below 100 imply a favorable loss record, while values over 100 show a trend for more claims or statistically larger claims.

Lexus ES 350 Insurance Claim Statistics

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

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

Insurance agent or online?

Many people would prefer to go talk to an agent and that can be a great decision Licensed agents are highly skilled in risk management and help in the event of a claim. One of the benefits of comparing auto insurance online is you may find lower rates but still work with a licensed agent. And supporting local insurance agents is especially important in Aurora.

Insurance agents in AuroraAfter completing this form (opens in new window), your insurance data is submitted to participating agents in Aurora that give free quotes for your insurance coverage. It's much easier because you don't need to leave your house due to the fact that quote results will go directly to you. If you have a need to get a price quote from a particular provider, just visit that company's website and submit a quote form there.

Finding the right insurer requires you to look at more than just the bottom line cost. Below are some questions you should ask.

Advertising and insurance

Colorado drivers can't get away from ads for the lowest price insurance from companies such as Progressive, Allstate and GEICO. All the ads have a common claim about saving some big amount after switching your coverage to them.

How does every insurance company charge you a lower premium? Here is the trick they use.

Insurance providers have underwriting criteria for the type of driver that will add to their bottom line. For instance, a profitable customer should be between the ages of 30 and 50, has a low-risk occupation, and insures a new vehicle. A customer getting a price quote who fits those characteristics will qualify for the lowest prices in Aurora and will cut their rates substantially.

Insureds who don't qualify for this ideal profile will be quoted a higher premium which usually ends up with the customer buying from a different company. The ad wording is "drivers that switch" not "everyone that quotes" will save that much if they switch. That is how companies can truthfully make claims like that.

This illustrates why you really need to compare rate quotes every year. It's just too difficult to predict which company will provide the lowest Lexus ES 350 insurance in Aurora.

Don't give up on cheap coverage

You just learned a lot of techniques to save on Lexus ES 350 insurance in Aurora. The most important thing to understand is the more companies you get prices for, the better your chances of lowering your prices. Consumers could even find that the lowest priced insurance comes from a smaller regional carrier. These smaller insurers may only write in your state and offer lower prices as compared to the big name companies such as State Farm or Progressive.

While you're price shopping online, you should never reduce needed coverages to save money. In many cases, drivers have reduced comprehensive coverage or liability limits and learned later they didn't have enough coverage. The proper strategy is to get the best coverage possible at the best cost and still be able to protect your assets.

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