Better Tricks to Lowering Your Lexus ES 300 Insurance Rates

Are you a victim of an overpriced auto insurance policy? Believe me when I say you’re not the only one. Lots of car insurance companies contend for your hard-earned dollar, and it can be difficult to compare rates to get the best price available.

Why your Lexus ES 300 might be costing you more

Consumers need to have an understanding of some of the elements that go into determining your auto insurance rates. Understanding what influences your rates empowers consumers to make smart changes that will entitle you to big savings.

Your car’s features help determine rates – Owning a car that has an advanced theft prevention system can help bring down rates. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent auto theft.
Having a spouse can save you money – Being married can get you a discount on your policy. Having a significant other usually means you are more responsible and it’s statistically proven that drivers who are married are more cautious.
Occupation reflects on rates – Careers like real estate brokers, business owners and dentists tend to have the highest average rates in part from high stress and long work days. Other jobs such as scientists, historians and the unemployed receive lower rates for ES 300 coverage.
Extra coverages can waste money – There are quite a few additional coverages that you can get tricked into buying when buying auto insurance. Coverages like vanishing deductibles, accidental death and additional equipment coverage are some examples. They may seem good at first, but now you might not need them so get rid of them and save.
With age comes lower rates – Teen drivers in Nevada have a tendency to be careless and easily distracted in a vehicle so they pay higher auto insurance rates. Mature drivers are more cautious drivers, statistically cause fewer accidents and receive fewer citations.
Multi-policy discounts can save money – Some companies give discounts to people who consolidate policies with them in the form of a multi-policy discount. Even if you’re getting this discount you may still want to shop around to confirm you are receiving the best rates possible.
A lapse in coverage is a bad thing – Driving your car without having proper coverage can get your license suspended and auto insurance companies will penalize you for letting your coverage lapse. And not only will insurance be more expensive, getting caught without coverage might get you a revoked license or a big fine.
High performance equals high price – The performance level of the car you own makes a significant difference in determining your rates. The lowest base rates are generally reserved for low performance passenger models, but there are many factors that impact the final cost. Since the Lexus ES 300 is a luxury sedan, insurance will be more compared to average rates.

Compare the Market for Auto Insurance in Nevada

Performing a rate comparison can be a lot of work if you don’t know the fastest way to get free quotes. You can waste a lot of time driving to insurance companies in your area, or you can stay home and use the web to get rate comparisons in just a few minutes.

The majority of car insurance companies belong to a marketplace where insurance shoppers only type in their quote data once, and every company then returns a price quote based on that data. This saves time by eliminating form submissions to each company.

To find out how much you can save on auto insurance click here to start a free quote.

The one disadvantage to using this type of system is you cannot specify which carriers to receive prices from. If you wish to select specific insurance companies to compare rates, we have a listing of companies who write auto insurance in Nevada. Click to view list.

Whichever method you choose, ensure you’re using the exact same coverage information for each price quote. If you are comparing different deductibles then you won’t be able to determine the lowest rate for your Lexus ES 300.

These discounts can lower your rates

Insurance can be prohibitively expensive, but discounts can save money and there are some available to cut the cost considerably. Larger premium reductions will be automatically applied at the time of purchase, but a few need to be inquired about before being credited. If you’re not getting every credit possible, you’re just leaving money on the table.

Low Mileage – Keeping the miles down on your Lexus can earn discounted rates on garaged vehicles.
Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. This discount can apply until age 25.
Discounts for Safe Drivers – Drivers who don’t get into accidents may save up to 50% more for ES 300 coverage than their less cautious counterparts.
55 and Retired – If you qualify as a senior citizen, you may receive a small decrease in premiums for ES 300 coverage.
Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you may earn 10% to 20% off each policy.
Defensive Driving Course – Completing a driver safety course can save you 5% or more depending on where you live.
Sign Online – A handful of insurance companies will discount your bill up to fifty bucks simply for signing online.
Driver’s Ed – Have your child complete a driver education course if it’s offered in school.
Sign Early and Save – Some companies give discounts for switching policies prior to your current policy expiration. It can save you around 10%.

It’s important to note that most credits do not apply the the whole policy. A few only apply to specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like adding up those discounts means a free policy, you won’t be that lucky. Any qualifying discounts will reduce your overall premium however.

To choose providers with the best auto insurance discounts in Nevada, click this link. Nevada insurance quotes

Shop online but buy locally

A small number of people would rather sit down with an agent and there is nothing wrong with that. Insurance agents are trained to spot inefficiencies and help in the event of a claim. One of the best bonuses of getting online price quotes is the fact that you can find the best rates and still choose a local agent. And supporting local agencies is important especially in small towns and cities.

By using this simple form, your coverage information is immediately sent to insurance agents who will compete to get your business. There is no reason to leave your computer as quotes are delivered to your email. How’s that for easy!

Types of insurance agents

When finding local Nevada agents, there are a couple of different types of agents to choose from. Agencies in Nevada are classified as either captive or independent (non-captive). Both properly insure your vehicles, but it’s worth mentioning how they differ because it can influence the selection process.

Independent Insurance Agents

Independent insurance agents are not required to write business for one company so they can insure your vehicles with multiple insurance companies depending on which coverage is best. To transfer your coverage to a different company, an independent agent can move your coverage and you don’t have to find a new agent.

When searching for an agent, you should always include price quotes from at a minimum one independent agency to ensure the widest selection of prices.

Captive Insurance Agents

Captive agencies are contracted to one company such as Allstate, AAA, Liberty Mutual and State Farm. They are unable to shop your coverage around so they have no alternatives for high prices. Captives receive extensive training on the products they sell which helps them sell insurance even at higher premiums.

To view a complete directory of insurance agents in Nevada, click here.

Deciding on an auto insurance agent requires more thought than just a low price. These are valid questions to ask:

What insurance companies do they work with?
Is the agent and/or agency licensed to do business in Nevada?
Does the agency have a good rating with the Better Business Bureau?
How often do they review policy coverages?
What insurance companies do they recommend if they are an independent agent?

Once you have good answers to these questions in addition to an acceptable price estimate, you may have just found a car insurance agent that can adequately provide auto insurance.

There’s no such thing as the perfect policy

When buying proper insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Each situation is unique and your policy should reflect that. For example, these questions may help highlight whether you might need an agent’s assistance.

What should my uninsured motorist coverage limits be in Nevada?
Am I covered by my employer’s commercial auto policy when driving my personal car for business?
Do I need roadside assistance coverage?
Does my policy pay for OEM or aftermarket parts?
Do I need motorclub coverage?
What can I do if my company won’t pay a claim?
Am I covered if I drive in a foreign country?
What discounts do I qualify for?
What are the best liability limits?
Is my nanny covered when driving my vehicle?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Additional information is located on the website for the Nevada Division of Insurance located here. Visitors are able to find a variety of consumer forms, download brochures, discover disciplinary actions, and view agent and company licensing information.

The following information may also be useful.

Summing up your auto insurance search

We’ve covered a lot of techniques to reduce Lexus ES 300 insurance prices online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. Drivers may discover the best price on auto insurance is with a smaller regional carrier. They may cover specific market segments cheaper compared to the large companies like Allstate and Progressive.

As you go through the steps to switch your coverage, never buy poor coverage just to save money. There are a lot of situations where drivers have reduced uninsured motorist or liability limits only to regret that they should have had better coverage. The ultimate goal is to purchase plenty of coverage at a price you can afford, not the least amount of coverage.