Lexus RX 350 Insurance Rates in Orlando

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To save the most money, the best way to find more affordable Lexus RX 350 insurance is to compare prices annually from providers who provide auto insurance in Orlando.

  • First, take a few minutes and learn about how car insurance works and the steps you can take to keep rates low. Many rating factors that cause rate increases such as speeding tickets, careless driving and bad credit can be improved by making lifestyle changes or driving safer.
  • Second, request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agencies can provide rate quotes from multiple companies.
  • Third, compare the new rates to your existing coverage to determine if switching companies saves money. If you can save money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
  • Fourth, give proper notification to your current agent or company to cancel your current policy. Submit a down payment along with a signed application to your new agent or company. Don't forget to store the certificate verifying proof of insurance with the vehicle registration.

One important bit of advice is that you'll want to compare the same amount of coverage on each price quote and and to get prices from as many companies as feasibly possible. Doing this enables a fair price comparison and a good representation of prices.

Insurance quote for Lexus RX 350 in OrlandoIt's an obvious conclusion that auto insurance companies don't want you to look for a cheaper policy. Drivers who shop around for cheaper prices are inclined to switch to a new company because of the high probability of finding more affordable rates. A study discovered that people who faithfully checked for cheaper rates saved as much as $865 annually compared to those who don't make a habit of comparing rates.

If finding budget-friendly Lexus RX 350 insurance in Orlando is your intention, then having a good understanding how to choose a company and compare insurance rates can make it easier to shop your coverage around.

Cheap Lexus RX 350 insurance in Orlando

Some providers do not advertise their entire list of discounts very clearly, so the next list breaks down some of the more common and the harder-to-find discounts that you can inquire about if you buy Orlando auto insurance online.

  • E-sign - A handful of larger companies may give you up to $50 for completing your application on their website.
  • Early Switch Discount - A few car insurance companies allow discounts for switching to them early. It's a savings of about 10%.
  • Driver Safety - Completing a course that instructs on driving safety could possibly earn you a 5% discount if you qualify.
  • Discount for Good Grades - A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you up until you turn 25.
  • Multi-policy Discount - If you have multiple policies and insure them with the same company you could save 10% to 20% off each policy.
  • Federal Employees - Employees or retirees of the government could provide a small rate reduction with certain companies.
  • Own a Home - Owning a house in Orlando may earn you a small savings since home ownership demonstrates responsibility.
  • Seat Belt Usage - Forcing all vehicle occupants to buckle their seat belts may be able to save a few bucks off the PIP or medical payment premium.
  • Claim Free - Orlando drivers who stay claim-free get the best car insurance rates compared to drivers who are more careless.

As is typical with insurance, some of the credits will not apply to the whole policy. Some only reduce individual premiums such as comprehensive or collision. So despite the fact that it appears it's possible to get free car insurance, you won't be that lucky. But all discounts should help reduce the cost of coverage.

The example below visualizes the comparison of Lexus RX 350 insurance prices with and without discounts applied. The premiums assume a male driver, no claims or driving violations, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-car, homeowner, claim-free, and multi-policy discounts applied.

Companies and the discounts they provide are:

  • State Farm may offer discounts for driver's education, good driver, accident-free, Drive Safe & Save, multiple autos, and defensive driving training.
  • Farmers Insurance policyholders can earn discounts including multi-car, bundle discounts, good student, youthful driver, and early shopping.
  • Progressive discounts include multi-policy, multi-vehicle, online signing, homeowner, continuous coverage, online quote discount, and good student.
  • GEICO may include discounts for multi-vehicle, good student, membership and employees, anti-lock brakes, military active duty, and emergency military deployment.
  • Auto-Owners Insurance has discounts for paid in full, anti-lock brakes, mature driver, safe driver, and teen driver.
  • The Hartford may have discounts that include defensive driver, driver training, bundle, good student, air bag, and vehicle fuel type.
  • Farm Bureau offers discounts including youthful driver, good student, driver training, multi-policy, safe driver, and renewal discount.
  • USAA offers discounts for vehicle storage, military installation, driver training, good student, new vehicle, and annual mileage.

If you need cheaper Orlando auto insurance quotes, ask every prospective company to apply every possible discount. Some of the discounts discussed earlier might not be offered everywhere. If you would like to see a list of companies that offer many of these discounts in Orlando, click here.

How to get Orlando Lexus RX 350 insurance quotes

When price shopping your coverage, having more price comparisons helps locate the best rates. Not every company does online price quotes, so it's recommended that you also compare quotes from those companies as well.

The companies in the list below are our best choices to provide free quotes in Orlando, FL. If you want to find cheaper car insurance in Orlando, FL, we suggest you compare several of them to get the lowest price.

Insurance data for a Lexus RX 350

The table shown below showcases estimates of insurance costs for Lexus RX 350 models. Understanding more about how policy rates are established is important to be able to make decisions when shopping your coverage around.

Lexus RX 350 Insurance Rates in Orlando, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $300 $546 $486 $28 $146 $1,506 $126
RX 350 4WD $300 $546 $486 $28 $146 $1,506 $126
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can influence price quotes substantially.

Comparison of policy deductibles

One of the hardest decisions when shopping for insurance is how high or low should comp and collision deductibles be. The data tables below can help illustrate the differences in price of buying low and high deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

Lexus RX 350 insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $406 $736 $472 $28 $142 $1,809 $151
RX 350 4WD $406 $736 $472 $28 $142 $1,809 $151
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Lexus RX 350 insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $330 $594 $472 $28 $142 $1,566 $131
RX 350 4WD $330 $594 $472 $28 $142 $1,566 $131
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can raise or lower coverage rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you about $20 more each month or $240 each year than buying the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 13 months between claim filings, you would most likely save money if you elect the higher deductible. Below is how this calculation is made.

Average monthly premium for $250 deductibles: $151
Average monthly premium for $500 deductibles (subtract): - $131
Monthly savings from raising deductible: $20
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important issue to know is that raising deductibles to save money means you will have to pay more of your own money at claim time. It will be required that you have some extra savings in the event you need to pay more for the deductible.

The diagram below illustrates how your deductible choice and can impact Lexus RX 350 yearly insurance costs for different age groups. The premiums are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.

Safe drivers pay less for insurance

The illustration below illustrates how speeding tickets and accidents can influence Lexus RX 350 insurance prices for each different age group. The prices are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.

Insurance rates by age and gender

The diagram below compares Lexus RX 350 auto insurance costs for male and female drivers. The premiums assume no claims, a clean driving record, comp and collision included, $250 deductibles, single status, and no discounts are applied to the premium.

Cost difference between full coverage and liability

The chart below visualizes the comparison of Lexus RX 350 insurance premiums with full coverage compared to only the Florida minimum liability coverage. The premiums assume no violations or accidents, $100 deductibles, drivers are not married, and no discounts are applied.

When to drop comprehensive and collision

There is no set rule for dropping comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Lexus RX 350 claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,000 after you pay the deductible. If you are paying more than $500 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some situations where eliminating full coverage is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Why Your Insurance Rates might be higher

One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that come into play when calculating your premiums. If you know what positively or negatively impacts your premiums, this enables informed choices that may reward you with lower premium levels. Lots of factors are part of the equation when you quote your car insurance policy. Some of the criteria are obvious such as your driving history, but others are not quite as obvious such as your marital status or your commute time.

  • Raise your physical damage deductibles for better rates - Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your Lexus from damage. A few examples of covered claims could be a broken windshield, hail damage, and burglary. The deductibles represent how much money you are willing to pay before your insurance pays a claim. The more you are required to pay out-of-pocket, the less your insurance will be.
  • File insurance claims and pay more - Auto insurance companies in Florida generally give better rates to drivers who are not frequent claim filers. If you are a frequent claim filer, you can look forward to much higher rates or policy non-renewal. Auto insurance is intended to be relied upon for more catastrophic claims.
  • Improve your credit score and save - Credit score is a big factor in determining what you pay. So if your credit is not that good, you could save money insuring your Lexus RX 350 by taking the time to improve your credit score. Insureds that have very good credit scores tend to be more responsible than those with poor credit.
  • GPS tracking and theft deterrents reduce premiums - Buying a car with an alarm system can save you a little every year. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.
  • Insurance loss statistics a Lexus RX 350 - Companies include the past claim trends for vehicles to help set a rate to offset losses. Vehicles that historically have higher number or severity of losses will cost more for coverage.

    The information below illustrates the insurance loss data used by companies for Lexus RX 350 vehicles. For each policy coverage type, the statistical loss for all vehicles averaged together is equal to 100. Percentage numbers below 100 indicate a favorable loss history, while numbers above 100 indicate more frequent losses or statistically larger claims.

    Insurance Loss Ratings for Lexus RX 350 Vehicles
    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

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

When in doubt talk to an agent

When choosing coverage online or from an agent, there isn't really a "perfect" insurance plan. Your needs are unique to you so this has to be addressed. Here are some questions about coverages that may help highlight whether or not you may require specific advice.

  • What is the difference between comprehensive and collision coverage?
  • Am I covered if I hit someone who is not insured?
  • Am I covered if I hit a deer?
  • What are the financial responsibility laws in my state?
  • Should I have a commercial auto policy?
  • What is UM/UIM insurance?
  • Where can I find DUI or SR-22 insurance?
  • Does coverage extend to a rental car in a foreign country?
  • Do I get a pro-rated refund if I cancel my policy early?

If it's difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Local Orlando insurance agencies

A small number of people prefer to talk to a local agent and often times that is recommended A good thing about getting free rate quotes online is the fact that you can find cheaper rates and still buy from a local agent.

Insurance agency in OrlandoFor easy comparison, once you complete this quick form, your information is submitted to local insurance agents in Orlando who will give you bids to get your business. You won't need to find an agent on your own because prices are sent directly to your email. It's the lowest rates without having to waste a lot of time. If you wish to compare prices from a particular provider, you just need to search and find their rate quote page to submit a rate quote request.

Choosing the best provider shouldn't rely on just a cheap quote. A good agent in Orlando will have answers to these questions.

  • What is the agency's Better Business Bureau rating?
  • Which company do they place the most coverage with?
  • How would your car be valued if totaled?
  • Does the agency support the community they serve?
  • Do they offer rental car reimbursement?
  • Will a damage claim use OEM or aftermarket replacement parts?
  • Can they help ensure a fair claim settlement?
  • Do they have designations such as AIC, CPCU, or CIC?

Is an exclusive or independent car insurance agent right for you?

If you want to use a local Orlando insurance agent, it's important to understand the different types of agencies and how they can service your needs differently. Agencies in Orlando are considered either exclusive or independent.

Exclusive Insurance Agencies

Exclusive insurance agents can only quote rates from one company and some examples include Farmers Insurance and State Farm. Exclusive agents are unable to provide other company's prices so if the price isn't competitive there isn't much they can do. Exclusive agents are usually well trained on what they offer and that can be a competitive advantage. Some consumers prefer to choose to use a exclusive agent mainly due to the prominence of the brand and solid financial strength.

The following are exclusive agents in Orlando that are able to give price quote information.

  • Bill Cordy - State Farm Insurance Agent
    2737 N Hiawassee Rd - Orlando, FL 32818 - (407) 298-9996 - View Map
  • Lorenzo Hayward - State Farm Insurance Agent
    5218 W Colonial Dr - Orlando, FL 32808 - (407) 299-4642 - View Map

  • 7800 W Sand Lake Rd #201 - Orlando, FL 32819 - (407) 522-9293 - View Map

More Orlando agents

Independent Agencies or Brokers

Independent insurance agents are normally appointed by many insurers so as a result can place your coverage through lots of different companies depending on which coverage is best. If your agent finds better pricing, an independent agent can move your coverage and you don't have to find a new agent. If you need cheaper car insurance rates, you will want to get some free quotes from multiple independent agents so that you can do a thorough price comparison. Many can place coverage with small regional insurance companies which could offer lower prices.

Listed below is a list of independent insurance agencies in Orlando that can give you price quotes.

More Orlando agents

Protect more than your Lexus RX 350

Despite the high insurance cost for a Lexus RX 350 in Orlando, paying for auto insurance is required for several reasons.

First, most states have minimum mandated liability insurance limits which means you are required to carry a specific minimum amount of liability insurance coverage if you drive a vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your Lexus RX 350 has a lienholder, almost all lenders will have a requirement that you have insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may insure your Lexus at a much higher premium rate and require you to reimburse them the higher premium.

Third, auto insurance protects not only your Lexus RX 350 but also your financial assets. It also can pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are sued as the result of your driving. If your car is damaged in a storm or accident, your auto insurance policy will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance definitely exceed the cost, particularly when you have a large claim. According to a recent study, the average American driver is wasting up to $865 each year so we recommend shopping around each time the policy renews to ensure rates are competitive.

Shop smart and save

We just presented a lot of tips how to get a better price on Lexus RX 350 insurance in Orlando. It's most important to understand that the more you quote Orlando auto insurance, the better your comparison will be. Consumers could even find that the lowest prices are with a company that doesn't do a lot of advertising. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.

Lower-priced insurance in Orlando can be found from both online companies and from local insurance agents, so you should be comparing quotes from both to have the best selection. There are still a few companies who don't offer rates over the internet and most of the time these regional carriers only sell through independent insurance agents.

Helpful information