Are you doing reasearch to find the cheapest Lexus RX 350 insurance in Denver? Trying to find cheap Lexus RX 350 insurance in Denver may be quite difficult for people not familiar with online rate comparisons. With such a big selection of agents and companies competing online, it can turn into a ton of work to find cheaper premium rates on Lexus RX 350 insurance.

Insurance quote for Lexus RX 350 in DenverAmazingly, a recent NerdWallet.com study showed that the vast majority of auto insurance customers in Colorado have remained with the same auto insurance company for at least four years, and about 40% of consumers have never even shopped around for lower-cost coverage. American insurance shoppers can cut their rates by up to 46.5% a year just by comparing rates, but they mistakenly think it's difficult to compare rates and save money.

It's a good idea to take a look at other company's rates as often as possible because auto insurance prices are constantly changing. Just because you had the best rates on Lexus RX 350 insurance in Denver on your last policy you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because you're about to find out the things you must know in order to eliminate unnecessary coverages and save money on Lexus RX 350 insurance in Denver.

Cheaper rates on Lexus RX 350 insurance in Denver with these discounts

Auto insurance is not cheap nor is it fun to buy but you might already qualify for some discounts to help offset the cost. Some trigger automatically when you complete an application, but a few must be specially asked for before being credited.

A little note about advertised discounts, most discounts do not apply to all coverage premiums. Most cut specific coverage prices like comp or med pay. So when it seems like having all the discounts means you get insurance for free, it doesn't quite work that way.

The best auto insurance companies and a summarized list of policyholder discounts are shown below.

Before purchasing a policy, check with all companies you are considering which discounts you qualify for. A few discounts might not apply in Denver.

Lexus RX 350 insurance quotes comparison

All the larger insurance companies such as State Farm and Allstate allow you to get coverage price quotes on the web. Obtaining pricing for Lexus RX 350 insurance in Denver can be done by anyone because it's just a matter of typing in your coverage preferences into the quote form. When the form is submitted, the system pulls your credit score and driving record and gives you a price quote based on the information you submitted.

Getting online rates for Lexus RX 350 insurance in Denver simplifies rate comparisons, and it's also necessary to have as many quotes as possible in order to get the lowest payment.

To quickly find out if lower rates are available, compare rates now from the companies shown below. To compare your current rates, we recommend you replicate the coverage information just like they are on your policy. This makes sure you will get rate comparison quotes for similar coverage.

The companies shown below are ready to provide free rate quotes in Denver, CO. If multiple providers are shown, it's highly recommended you visit several of them to get a more complete price comparison.

Lexus RX 350 Insurance Cost Estimates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $266 $528 $382 $22 $114 $1,312 $109
RX 350 4WD $278 $500 $396 $24 $118 $1,316 $110
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Information does not factor in specific garaging location which can impact premiums significantly.

How high should deductibles be?

The example below demonstrates how deductible levels and can affect Lexus RX 350 insurance prices for different categories of driver ages. The prices are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Violations and accidents raise rates

The diagram below demonstrates how citations and accident claims drive up Lexus RX 350 premium costs for different age categories. Data assumes a single male driver, full coverage, $500 deductibles, and no discounts are factored in.

Does full coverage make sense?

The example below illustrates the difference between Lexus RX 350 auto insurance rates with full phyical damage coverage and with liability coverage only. The premiums are based on no violations or claims, $250 deductibles, single male driver, and no policy discounts are applied.

When to buy liability coverage only

There is no specific rule that is best for determining when to drop full coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let's say your Lexus RX 350 claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,000 after you pay the deductible. If it's costing you more than $300 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are a few situations where only buying liability is not advised. If you haven't satisfied your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Insurance Cost Influencing Factors

When buying car insurance it's important to understand some of the things that help determine the level of your policy premiums. If you know what influences your rates, this enables you to make decisions that may result in lower premium levels.

Marriage discount - Your spouse can get you a discount on your policy. Marriage is viewed as being more responsible and statistics prove drivers who are married are more cautious.

Do you qualify for a multi-policy discount? - Lots of companies afford better rates to policyholders who carry more than one policy. It's known as a multi-policy discount. Even if you qualify for this discount already, consumers should still check prices from other companies to guarantee you are still saving the most.There is a good possibility that you can save money by insuring with multiple companies.

Drive lots and pay more - The more you drive your Lexus in a year the higher your rates will be. Almost all companies price each vehicle's coverage based upon how the vehicle is primarily used. Cars and trucks left parked in the garage receive better premium rates than vehicles that have high annual mileage. Ask your agent if your car insurance policy states annual mileage. Having the wrong rating on your RX 350 can result in significantly higher rates.

Job stress can make you pay more - Did you know your car insurance rates can be affected by your occupation? Occupations such as lawyers, business owners and dentists are shown to have higher rates than average because of intense work requirements and extremely grueling work hours. Conversely, occupations such as farmers, historians and homemakers pay the least.

Lexus RX 350 historical loss data - Insurers take into consideration insurance loss statistics for every vehicle to calculate a rate that will offset losses. Models that are shown to have a higher amount or frequency of claims will have a higher cost to insure. The table below shows the insurance loss data for Lexus RX 350 vehicles.

For each type of coverage, the statistical loss for all vehicles, without regard to make or model, is set at 100. Numbers shown that are under 100 indicate better than average losses, while values over 100 indicate more frequent claims or an increased chance of larger losses than average.

Lexus RX 350 Insurance Claim Statistics

Make and 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

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

Compare rates but work with a local Denver insurance agency

Some people would prefer to get advice from a local agent and that is just fine! An additional benefit of comparing insurance prices online is the fact that you can find better rates and also buy local.

Find insurance agent in DenverTo make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is transmitted to local insurance agents in Denver that can provide free Denver auto insurance quotes for your auto insurance coverage. There is no reason to contact an agency as quotes are delivered immediately to you. It's the lowest rates and work with a local agent. If you want to get a price quote from a specific auto insurance provider, just visit that company's website and submit a quote form there.

Picking the best insurance company requires more thought than just a cheap quote. You should also get answers to these questions.

Denver auto insurance agents are either independent or exclusive

When looking for a local insurance agency, it can be helpful to understand the different agency structures that you can choose from. Auto insurance policy providers can be described as either exclusive agents or independent agents.

Exclusive Insurance Agencies

These type of agents can only provide one company's prices such as Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot provide other company's prices so they really need to provide good service. Exclusive insurance agents are well schooled on their company's products which aids in selling service over price. Consumers sometimes use the same exclusive agent partially due to the brand legacy rather than low rates.

Shown below is a list of exclusive agencies in Denver willing to provide price quote information.

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Independent Auto Insurance Agents

Agents that elect to be independent do not work for one specific company and that allows them to write policies through many different auto insurance companies and potentially find a lower price. If they find a cheaper price, they simply move the coverage in-house and you don't have to switch agencies.

If you need cheaper auto insurance rates, we recommend you include price quotes from at least one independent agent for the best price selection. Most also write with lesser-known insurance companies that may have much lower rates than larger companies.

Below are independent insurance agencies in Denver willing to provide comparison quotes.

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Why you need insurance for your RX 350

Even though it can be expensive, insurance is required in Colorado but also provides important benefits.

The benefits of buying auto insurance more than offset the price you pay, especially for larger claims. As of last year, the average driver in Colorado overpays more than $825 a year so it's important to compare rates once a year at a minimum to be sure current rates are still competitive.

Shop smart and save

Drivers who switch companies do it for a variety of reasons including extreme rates for teen drivers, policy non-renewal, high rates after DUI convictions or delays in paying claims. Whatever your reason, finding a new company is less work than it seems.

We've covered a lot of ways to shop for Lexus RX 350 insurance online. It's most important to understand that the more price quotes you have, the higher your chance of finding inexpensive Denver auto insurance quotes. You may even find the lowest rates come from a company that doesn't do a lot of advertising.

As you shop your coverage around, do not sacrifice coverage to reduce premiums. Too many times, someone sacrificed full coverage only to regret that it was a big mistake. The proper strategy is to buy enough coverage at the best price, but do not sacrifice coverage to save money.

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