View 2023 Lexus RC 350 Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 30, 2024

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Have you finally had enough of not being able to scrape enough together to insure your Lexus every month? You are no different than many other drivers.

Insurance companies such as GEICO and Progressive constantly bombard you with advertising and it can be hard to see past the geckos and flying pigs and do the work needed to find the best deal.

If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using these methods. Finding the best rates is not that difficult. But vehicle owners do need to learn how big insurance companies sell insurance online and use this information to your advantage.

How to compare insurance coverage price quotes

There are several ways to get quotes from local insurance coverage companies. The easiest way to find the lowest Lexus RC 350 rates is to get quotes online. This is quite simple and can be completed in several different ways.

  • The most efficient way consumers can make multiple comparisons is to use a rate comparison form. This quick form eliminates the need for separate forms to each individual insurance coverage company. A single, simple form compares rates direct from many companies.
  • A more time consuming way to obtain and compare quotes online is to take the time to go to each company website and go through the quote process again. For sake of this example, let’s say you are doing a rate comparison from GEICO, Allstate and GMAC. To get rate quotes you would need to visit each site and enter your policy data, which is not fast way to get rate quotes.

It’s your choice how you get your quotes, but compare exactly the same coverage information for each quote you get. If you enter different data then you won’t be able to determine which company has the best rates. Having just a slight variation in limits could throw off the whole comparison. Keep in mind that making a lot of price comparisons will increase your chances of finding better pricing.

Insurance coverage ads bend the truth

Companies like Allstate and Progressive continually stream television and radio advertisements. They all make the same claim about savings if you just switch your policy. How does every company charge you less for car insurance? You have to listen carefully.

Insurance companies have a preferred profile for the type of insured that is profitable for them. For instance, this type of insured might be described as between 30 and 50, has few claims, and has excellent credit. A prospective insured that hits that “sweet spot” will probably get cheap car insurance rates and most likely will save money with a new company.

Potential insureds who don’t qualify for those standards will probably be forced to pay a more expensive rate and the prospect going elsewhere. The ad wording is “customers who switch” not “all people who quote” save money. That’s why companies can truthfully claim big savings. Because of these techniques, you really should do a price quote comparison at every renewal. Because without a comparison, you cannot know which company will have the best premium rates at this point in time.

What determines Lexus RC 350 insurance costs?

Many things are used when you get your auto insurance bill. Some factors are common sense such as traffic violations, although others are more obscure like your vehicle usage or how financially stable you are. A large part of saving on auto insurance is knowing the different types of things that help determine auto insurance rates. If you know what influences your rates, this helps enable you to make changes that may reward you with much lower annual insurance costs.

Shown below are some of the things utilized by car insurance companies to help set premiums.

  • Safer the car lower the rate – Vehicles with good safety scores tend to have better insurance rates. Vehicles engineered for safety help reduce the chance of injuries in an accident and better occupant protection means less money paid by your insurance company and lower rates for you. If the Lexus RC 350 has ratings of a minimum four stars on or an “acceptable” rating on it may cost less to insure.
  • Qualify for multi-policy discounts – Lots of insurers afford discounts to customers that purchase more than one policy. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even if you’re getting this discount you may still want to check prices from other companies to ensure the best deal.
  • Lower rates come with age – Older drivers are more cautious drivers, statistically cause fewer accidents and receive fewer citations. Beginning drivers have a tendency to get distracted easily when behind the wheel so auto insurance rates are higher.
  • Cheaper rates with high coverage deductibles – Your deductibles represent how much money you are required to spend out-of-pocket if a covered claim is submitted. Insurance for physical damage to your car, also called ‘full coverage’, is used to repair damage to your car. Some coverage claims would be colliding with a stationary object, damage caused by hail, or theft of your vehicle. The more the insured has to pay upfront, the less your auto insurance will be for RC 350 coverage.

Use discounts on insurance coverage

Insurance coverage is not inexpensive, but you might already qualify for some discounts that many consumers don’t even know exist. Certain credits will be shown at the time of quoting, but less common discounts must be asked for before you will receive the discount.

  • Discounts for Government Workers – Active or retired federal employment can save as much as 8% for RC 350 coverage with some insurance coverage companies.
  • Switch and Save Discount – Some companies give discounts for signing up early. This can save 10% or more.
  • Defensive Driver Discounts – Passing a safe driver course can save you 5% or more and make you a better driver.
  • No Claims – Drivers with accident-free driving histories can earn big discounts compared to drivers with a long claim history.
  • Low Mileage – Low mileage vehicles could be rewarded with lower prices due to less chance of an accident.
  • Military Discounts – Being on active deployment in the military could trigger a small discount.
  • Responsible Driver Discount – Accident-free drivers may save up to 50% more for RC 350 coverage than drivers with accidents.
  • Payment Discounts – By making one initial payment rather than paying in monthly installments you can actually save on your bill.

As a footnote on discounts, most discounts do not apply to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like all those discounts means the company will pay you, you’re out of luck.

A few popular companies and some of their more popular discounts include:

  • State Farm has discounts for defensive driving training, Drive Safe & Save, driver’s education, multiple autos, and safe vehicle.
  • Farmers Insurance offers discounts for youthful driver, multi-car, alternative fuel, mature driver, homeowner, bundle discounts, and teen driver.
  • GEICO offers premium reductions for multi-vehicle, daytime running lights, driver training, federal employee, multi-policy, defensive driver, and anti-theft.
  • American Family may include discounts for bundled insurance, good student, defensive driver, air bags, and mySafetyValet.
  • Nationwide includes discounts for multi-policy, Farm Bureau membership, anti-theft, business or organization, and family plan.
  • Progressive policyholders can earn discounts including multi-policy, online quote discount, good student, multi-vehicle, and homeowner.

When getting a coverage quote, ask each company what discounts are available to you. Depending on the company, some discounts may not apply to policies in your area.

Tailor your auto insurance coverage to you

When choosing proper insurance coverage for your personal vehicles, there is no one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. For example, these questions could help you determine if you will benefit from professional help.

  • What can I do if my company denied a claim?
  • Can I afford low physical damage deductibles?
  • Does having multiple vehicles earn me a discount?
  • Does insurance cover damages from a DUI accident?
  • Are all vehicle passengers covered by medical payments coverage?
  • When should I not file a claim?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and enter your zip code.

Car insurance 101

Knowing the specifics of your car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement. These are typical coverage types found on most car insurance policies.

Coverage for liability

This can cover damage that occurs to a person or their property. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability can pay for things like loss of income, legal defense fees and medical services. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus RC 350.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage protection

Collision insurance will pay to fix damage to your RC 350 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as rolling your car, scraping a guard rail, crashing into a building and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for bills for things like ambulance fees, prosthetic devices, doctor visits and surgery. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive protection

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, fire damage, theft and a tree branch falling on your vehicle. The highest amount your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

In conclusion

We just presented some good ideas how to shop for 2023 Lexus RC 350 insurance online. The key thing to remember is the more times you quote, the better your comparison will be. Consumers may even find the most savings is with some of the lesser-known companies. These smaller insurers may only write in your state and offer lower prices as compared to the big name companies such as Progressive or GEICO.

When trying to cut insurance costs, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced liability limits or collision coverage only to discover later they didn’t purchase enough coverage. The proper strategy is to purchase plenty of coverage at the best possible price while still protecting your assets.

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