Cheapest 2011 Lexus ES 350 Insurance Rates in 2023
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UPDATED: Jun 4, 2023
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Are you a victim of an underperforming, overpriced car insurance policy? Trust us, many consumers feel financially strained by their car insurance policy. You have multiple insurers to buy insurance from, and even though it’s nice to be able to choose, it can be more challenging to locate the cheapest rates.
Smart consumers take time to take a look at other company’s rates before your policy renews due to the fact that insurance rates fluctuate regularly. If you had the lowest price on ES 350 insurance six months ago you can probably find a better price now. You can find a lot of wrong information about car insurance on the internet, so by reading this article, you’re going to learn some proven techniques to quit paying high car insurance rates.
How to Lower Your Insurance Coverage Cost
Finding a better price on insurance coverage is actually quite simple. The only thing you need to do is take the time to compare quotes online from several insurance companies. This can be done using a couple different methods.
- One of the simplest ways to compare a lot of rates at once is an all-inclusive rate comparison like this one (opens in new window). This method prevents you from having to do separate forms for each company. A single form will return quotes direct from many companies.
- A less efficient way to obtain and compare quotes online is going to each company’s website and request a quote. For sake of this example, let’s say you want to compare Nationwide, Progressive and GMAC. To get rate quotes you would need to visit each site to input your insurance information, and that’s why the first method is more popular. To view a list of companies in your area, click here.
It’s up to you how you get prices quotes, just make darn sure you compare identical coverages for every quote you compare. If your comparisons have mixed coverages it’s not possible to make a fair comparison for your Lexus ES 350.
Elements that influence Lexus ES 350 insurance rates
Consumers need to have an understanding of the factors that play a part in calculating the price you pay for car insurance. Knowing what controls the rates you pay enables informed choices that may reward you with big savings.
- Where you live can impact rates – Being located in a small town is a positive aspect when it comes to car insurance. Drivers in populated areas tend to have more traffic problems and a longer drive to work. Lower population means a lower chance of having an accident and a lower car theft rate.
- Liability insurance protects assets – The liability section of your policy is the protection if ever you are found liable for damages caused by your negligence. It will provide for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.
- One company can mean more discounts – Most car insurance companies provide better rates to policyholders who have multiple policies with them. It’s known as a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. Even if you’re getting this discount it’s in your best interest to comparison shop to confirm you are receiving the best rates possible. You may still be able to find better rates by insuring with multiple companies.
- Your age impacts your rates – Youthful drivers are statistically proven to get distracted easily when driving so they pay higher car insurance rates. Parents adding a young driver onto a policy can be quite pricey. More mature drivers are more responsible, file fewer claims and are safer drivers.
- Traffic citations inflate rates – Your driving citation history has a big impact on rates. Just one speeding ticket may increase your cost forty percent or more. Drivers with clean records receive lower rates than people who have multiple driving citations. Drivers who have severe citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 or proof of financial responsibility with their state DMV in order to drive a vehicle legally.
How to save on 2011 Lexus ES 350 insurance
Insurance can cost an arm and a leg, but you can get discounts that many people don’t even know exist. Some discounts apply automatically at quote time, but some may not be applied and must be specially asked for in order for you to get them. If you aren’t receiving every discount possible, you are throwing money away.
- One Accident Forgiven – Certain companies will allow you to have one accident before your rates go up if you are claim-free for a set time period.
- Payment Discounts – By paying your policy upfront instead of paying each month you can actually save on your bill.
- Sign Online – A handful of insurance companies give back up to $50 for buying a policy and signing up over the internet.
- Low Mileage – Keeping the miles down on your Lexus could be rewarded with a substantially lower rate.
- Homeowners Savings – Being a homeowner may earn you a small savings because maintaining a house shows financial diligence.
- Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates on ES 350 insurance than their less cautious counterparts.
- Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
- Lower Rates for Military – Being on active duty in the military could be rewarded with lower premiums.
- Discount for Good Grades – Getting good grades can get you a discount of up to 25%. The good student discount can last well after school through age 25.
- Seat Belt Usage – Drivers who require all occupants to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
It’s important to note that most discount credits are not given to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates having all the discounts means you get insurance for free, you won’t be that lucky. Any qualifying discounts will bring down your premiums.
Car insurance companies who might offer these money-saving discounts include:
- Auto-Owners Insurance
- American Family
- State Farm
Check with all companies you are considering how you can save money. All car insurance discounts may not be available in your state.
Tailor your coverage to you
When it comes to choosing coverage, there really is no “perfect” insurance plan. Every situation is different and your policy should reflect that. Here are some questions about coverages that may help you determine if you might need an agent’s assistance.
- Is a new car covered when I drive it off the dealer lot?
- Does my liability insurance cover pulling a trailer or camper?
- I don’t drive much so do I pay less?
- What happens if I owe more than my 2011 Lexus ES 350 is worth?
- How much liability insurance is required?
- Why does it cost so much to insure a teen driver?
If it’s difficult to answer those questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.
Car insurance policy specifics
Having a good grasp of a car insurance policy helps when choosing the right coverages and proper limits and deductibles. Car insurance terms can be impossible to understand and reading a policy is terribly boring. These are typical coverage types offered by car insurance companies.
Collision coverages – Collision coverage will pay to fix damage to your ES 350 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for things like backing into a parked car, scraping a guard rail and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.
Coverage for medical expenses – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like X-ray expenses, hospital visits, doctor visits, ambulance fees and nursing services. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
Comprehensive car insurance – This pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as damage from a tornado or hurricane, a tree branch falling on your vehicle, a broken windshield and theft. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Lexus ES 350.
Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Liability – Liability insurance can cover damage that occurs to other people or property. This coverage protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Occasionally you may see a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage protects against things like bail bonds, funeral expenses, emergency aid and court costs. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase higher limits if possible.
Have money to burn
In this article, we presented a lot of tips how to lower your 2011 Lexus ES 350 insurance rates. The key concept to understand is the more rate quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the biggest savings come from a small mutual company. Regional companies may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.
Budget-conscious insurance is definitely available on the web in addition to many insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers do not provide online quoting and most of the time these small insurance companies sell through independent agents.
Other learning opportunities
- Event Data Recorders FAQ (iihs.org)
- Tread Depth and Tire Safety (State Farm)
- Protecting Teens from Drunk Driving (Insurance Information Insitute)
- Safety Belts FAQ (iihs.org)
Frequently Asked Questions
How can I find the cheapest insurance for a 2011 Lexus ES 350?
Finding the cheapest insurance for a 2011 Lexus ES 350 involves several factors. Here are some steps you can take:
- Shop around: Obtain quotes from multiple insurance providers to compare prices and coverage options. Different insurers may offer varying rates based on their underwriting criteria and risk assessments.
- Maintain a good driving record: Having a clean driving history with no accidents or traffic violations can help you secure lower insurance rates.
- Increase deductibles: Opting for higher deductibles can lower your insurance premiums. Just keep in mind that you’ll need to pay the deductible amount out of pocket if you file a claim.
- Explore discounts: Inquire about any available discounts, such as multi-policy discounts (bundling home and auto insurance), good student discounts (for young drivers with good grades), or safety feature discounts (if your Lexus ES 350 has safety features like anti-theft devices or anti-lock brakes).
- Consider usage-based insurance: Some insurance companies offer usage-based programs where your premium is determined by your driving habits. If you are a safe driver, this can potentially result in lower rates.
- Evaluate coverage options: Assess your coverage needs and choose the appropriate level of coverage for your Lexus ES 350. Liability coverage is typically required by law, but you may have options to add comprehensive and collision coverage based on the value of your vehicle and your individual preferences.
Are there any specific insurance considerations for a 2011 Lexus ES 350?
When insuring a 2011 Lexus ES 350, there are a few considerations to keep in mind:
- Vehicle value: The value of your vehicle plays a role in determining your insurance premiums. Since the 2011 Lexus ES 350 is now an older model, its value may have depreciated, which can potentially lead to lower insurance costs.
- Safety features: The 2011 Lexus ES 350 comes equipped with various safety features such as anti-lock brakes, stability control, and multiple airbags. Some insurance companies may offer discounts for these safety features, as they reduce the risk of accidents and injuries.
- Repair and replacement costs: Before finalizing your insurance coverage, consider the potential repair and replacement costs for the 2011 Lexus ES 350. Older vehicles may have higher repair costs or limited availability of parts, which could affect your insurance rates.
Are there any specific insurance providers that offer cheaper rates for a 2011 Lexus ES 350?
Insurance rates can vary significantly depending on several factors, including your location, driving history, and the insurance provider’s underwriting practices. There is no specific insurance company that universally offers the cheapest rates for a 2011 Lexus ES 350. To find the most affordable option, it’s recommended to obtain quotes from multiple insurance providers and compare them based on your specific circumstances.
Can I lower my insurance costs for a 2011 Lexus ES 350 by downgrading my coverage?
Downgrading your coverage may lower your insurance costs in the short term, but it’s essential to consider the potential risks involved. If you choose to reduce your coverage, you may have limited protection in the event of an accident or damage to your vehicle. Before making any changes, evaluate your needs and consult with your insurance provider to ensure you maintain sufficient coverage to protect yourself financially.
Does the color of a 2011 Lexus ES 350 affect insurance rates?
No, the color of your vehicle does not typically affect insurance rates. Insurance companies primarily base their premiums on factors such as the vehicle’s make, model, age, engine size, safety features, and the driver’s personal details, driving history, and location. The color of the vehicle is not considered a significant factor in determining insurance rates.
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