How many years has it been since you compared more affordable Lexus ES 350 insurance in Fort Collins? Tired of robbing Peter to pay Paul to pay high auto insurance rates every month? You have the same problem as millions of other vehicle owners.

Discount Lexus ES 350 insuranceStatistics show that almost 70% of insureds have stayed with the same insurance company for a minimum of four years, and 38% of drivers have never even shopped around for cheaper coverage. Colorado consumers could save $610 every year, but they think it's difficult to compare rate quotes online.

Popular companies such as State Farm, Allstate, GEICO and Progressive continually bombard you with catchy ads and it is challenging if not impossible to see past the geckos and flying pigs and find the best price available.

It's a good idea to get comparison quotes quite often because insurance prices are constantly changing. Even if you got the lowest rate on Lexus ES 350 insurance in Fort Collins a few years ago you will most likely find a better premium rate today. There is a lot of bad advice regarding ES 350 insurance out there, but you can learn some great ideas on how to find cheap auto insurance in Fort Collins.

There are several ways of comparing rates from many different Colorado insurance companies. The best way to compare Lexus ES 350 insurance prices involves getting comparison quotes online.

Online shopping is fast and free, and it takes the place of having to physically go to and from local Fort Collins insurance agencies. Shopping for car insurance online eliminates the middleman unless you're the type of person who wants the peace of mind that you can only get from talking to an agent. If you prefer, some companies allow you to comparison shop your insurance online but have a local agent actually write the policy.

When comparing car insurance rates, know that comparing all the rates in your area increases the chance that you will find lower pricing. Some smaller insurers do not give Fort Collins ES 350 insurance quotes over the internet, so you need to compare quotes from them as well.

The companies shown below are ready to provide price comparisons in Fort Collins, CO. If more than one company is shown, we suggest you visit two to three different companies in order to find the lowest rates.

Lexus ES 350 Insurance Price Estimates in Fort Collins, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $278 $500 $298 $18 $90 $1,184 $99
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Prices do not factor in vehicle garaging location which can influence price quotes greatly.

Should you raise deductibles?

The hardest decision when buying coverage is how high should the physical damage deductibles be. The rates shown below lay out the rate difference when you select higher and lower physical damage deductibles. The first pricing table uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Lexus ES 350 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $342 $620 $298 $18 $90 $1,393 $116
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Lexus ES 350 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $210 $390 $298 $18 $90 $1,006 $84
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific location information which can lower or raise price quotes significantly.

We can estimate from the data above that using a $250 deductible costs about $32 more each month or $384 annually than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 23 months between claim filings, you would probably come out ahead going with the higher deductible.

Full coverage rates compared to liability-only

The information below illustrates the comparison of Lexus ES 350 car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no violations or claims, $250 deductibles, married female driver, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no definitive formula to delete physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let's pretend your Lexus ES 350 replacement value is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $4,000 after the policy deductible has been paid. If you are paying over $400 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are a few cases where buying only liability insurance is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Get affordable Lexus ES 350 insurance in Fort Collins with discounts

Some companies don't always publicize every possible discount in a way that's easy to find, so the following list contains a few of the more common and the more hidden ways to save on car insurance.Discount car insurance

Don't be shocked that most of the big mark downs will not be given to the entire cost. A few only apply to specific coverage prices like comp or med pay. Even though the math looks like all the discounts add up to a free policy, that's just not realistic. But any discount will help lower your overall premium however.

Car insurance companies who might offer some of the above discounts possibly include:

If you want inexpensive Fort Collins car insurance quotes, ask every prospective company how you can save money. Some discounts might not be offered on policies everywhere. To see a list of insurers that can offer you the previously mentioned discounts in Colorado, click here.

You Can Change Your Insurance Prices

Consumers need to have an understanding of a few of the rating criteria that aid in calculating the price you pay for insurance. When you know what positively or negatively impacts premium levels, this allows you to make good choices that may result in lower insurance prices. Lots of things are used in the calculation when pricing auto insurance. Some are pretty understandable like your driving record, but other criteria are more obscure such as your credit history or how safe your car is.

Shown below are a partial list of the pieces used by your company to calculate your premiums.

Battle of the sexes - The statistics show that women are safer drivers than men. It does not mean men are WORSE drivers than women. Both sexes are in accidents at about the same rate, but males cause more damage and cost insurance companies more money. In addition to higher claims, males also have more aggressive citations such as reckless driving. Young males are most likely to cause an accident and are penalized with high insurance rates.

Safer cars means better prices - Vehicles that have high safety ratings tend to be cheaper to insure. The safest vehicles protect occupants better and reduced instances of injuries means less money paid by your insurance company which can result in lower premiums.

The type of car makes a difference - The performance level of the vehicle you need to insure makes a huge difference in your auto insurance rates. Because the Lexus ES 350 is a luxury sedan, rates will be more as compared to the average rate in Fort Collins. Smaller low performance passenger vehicles generally have the cheapest insurance rates, but the cost you end up paying is determined by many additional factors.

Prices and vocation - Did you know that where you work can have an impact on rates? Jobs like military personnel, executives and emergency personnel are shown to have higher average rates due to intense work requirements and lengthy work days. Other occupations such as scientists, athletes and retirees have the lowest average rates.

Multi-policy discounts can save money - Most insurers give better rates to people who buy several policies from them in the form of a multi-policy discount. This can amount to as much as ten percent or more Even with this discount, you still need to check prices from other companies to help guarantee you have the best rates.

Mature drivers pay less - More mature drivers are more cautious drivers, file fewer claims, and are generally more financially stable.Beginning drivers have a tendency to be less responsible with other occupants in the car so insurance rates are higher.

Liability claims can be big - Your insurance policy's liability coverage will afford coverage if ever you are determined to be liable for personal injury or accident damage. It will provide legal defense which can cost thousands of dollars. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.

Rural areas have lower premiums - Living in a rural area has definite advantages when buying insurance. People who live in big cities tend to have more traffic problems and longer commutes to work. Less people means reduced accidents in addition to lower liability claims

Insurance loss data for Lexus ES 350 vehicles - Car insurance companies analyze the history of losses when setting rates for each model. Vehicles that historically have higher prevalence or dollar amount of losses will have a higher cost to insure. The table below demonstrates the historical insurance loss data for Lexus ES 350 vehicles.

For each coverage category, the statistical loss for all vehicles, as a total average, is considered to be 100. Numbers that are below 100 suggest a better than average loss history, while numbers shown that are more than 100 point to more losses or statistically larger losses.

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
BETTER
AVERAGE
WORSE

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

When to get advice from an insurance agent

Some consumers just want to talk to a local agent and that is just fine! The biggest benefit of comparing rates online is that drivers can save money and get cheap auto insurance rates and still have an agent to talk to.

Fort Collins insurance agentsAfter filling out this simple form, your coverage information is submitted to companies in Fort Collins who will gladly provide quotes for your insurance coverage. It makes it easy because there is no need to do any legwork since price quotes are sent straight to your inbox. You'll get the best rates without the usual hassles of price shopping. In the event you want to get a rate quote from a particular provider, you just need to visit that company's website and fill out their quote form.

Choosing the best insurer should include more criteria than just the quoted price. You should also get answers to these questions.

What is the best insurance coverage?

When it comes to buying coverage online or from an agent for your personal vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else's.Higher deductibles save money

Here are some questions about coverages that could help you determine if your situation would benefit from an agent's advice.

If it's difficult to answer those questions, then you may want to think about talking to an agent. If you don't have a local agent, take a second and complete this form.

Misconceptions in auto insurance advertisements

Well-known auto insurance companies like Allstate and Progressive continually stream television and radio advertisements. They all tend to make the same promise about savings if you switch your auto insurance policy to them. How is it plausible that every one can cost less than your current company? You have to listen carefully.

Insurance companies quote the lowest rates for a prospective insured that will generate a profit. For example, this type of risk profile should be between the ages of 30 and 45, has a clean driving record, and the vehicle is rated for pleasure use. Any new insured that hits that "sweet spot" may get the lowest car insurance rates in Fort Collins and therefore will cut their rates substantially.

Potential insureds who may not quite match the "perfect" profile will see higher premium rates and this results in business not being written. If you listen to the ad wording, they say "customers who switch" not "everyone who quotes" save money. That's the way insurance companies can confidently make claims like that. Because each company has a different risk profile, it is so important to get a wide range of price quotes. You cannot predict which company will give you lower rates than your current company.

Get the best coverage at the lowest price

Consumers leave their current company for any number of reasons including not issuing a premium refund, high prices, high rates after DUI convictions and policy cancellation. Regardless of your reason for switching companies, choosing a new company can be easy and end up saving you some money.

Throughout this article, we presented a lot of ways to get a better price on Lexus ES 350 insurance in Fort Collins. The key thing to remember is the more price quotes you have, the higher the chance of saving money. Drivers may even discover the most savings is with an unexpected company.

Discount Lexus ES 350 insurance in Fort Collins can be purchased on the web as well as from insurance agents, and you need to comparison shop both to have the best selection. Some insurance companies may not provide online price quotes and these small insurance companies work with independent insurance agencies.

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