Find Cheaper Lexus ES 350 Insurance in Louisville

Insurance rates Lexus ES 350 in LouisvilleReally, the only way to get cheaper car insurance rates is to regularly compare price quotes from insurance carriers who sell insurance in Louisville. Rate comparisons can be done by completing these steps.

First, spend some time learning about how companies set rates and the things you can change to prevent expensive coverage. Many rating factors that result in higher prices such as accidents, careless driving, and a not-so-good credit rating can be eliminated by making minor changes to your lifestyle.

Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like Progressive and State Farm, while agents who are independent can give you price quotes from many different companies.

Third, compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you find better rates, ensure coverage does not lapse between policies.

The key thing to remember is to make sure you enter identical coverage information on every quote and to quote with as many different insurance providers as possible. Doing this helps ensure the most accurate price comparison and a complete selection of prices.

Smart shoppers know that auto insurance companies don’t want customers comparing rates. Insureds who get comparison quotes at least once a year are likely to switch companies because they have a good chance of finding coverage at a more affordable price. A recent car insurance study revealed that people who routinely shopped around saved $865 a year as compared to drivers who never compared rates.

If finding the lowest price for auto insurance is why you’re reading this, then learning about the best way to shop and compare cheaper coverage can save time and make the process easier.

How much is Lexus ES 350 insurance in Louisville, Kentucky?

Keep in mind that comparing more rates from different companies increases the chance that you will find a lower rate.

The companies shown below are our best choices to provide comparison quotes in Kentucky. In order to find the cheapest auto insurance in Louisville, we suggest you visit several of them in order to find the cheapest rates.

Discounts can help lower premiums on Lexus ES 350 insurance in Louisville

Insurance can be prohibitively expensive, but discounts can save money and there are some available that can drop the cost substantially. Many discounts should be triggered at the time of purchase, but less common discounts must be manually applied in order for you to get them.Insurance discounts

Don’t be shocked that some credits don’t apply to the entire cost. Some only reduce the cost of specific coverages such as comp or med pay. So despite the fact that it appears all those discounts means the company will pay you, you aren’t that lucky.

The information below shows the difference between Lexus ES 350 insurance costs with and without discounts applied. The data assumes a female driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, safe-driver, multi-policy, and marriage discounts applied.

A list of companies and their possible discounts are shown below.

Double check with every prospective company which discounts can lower your rates. Some of the discounts discussed earlier may not apply to policies in every state. To choose insurance companies that offer many of these discounts in Louisville, click this link.

Lexus ES 350 detailed coverage information

The price information below highlights estimates of insurance premium costs for Lexus ES 350 models. Learning a little about how auto insurance prices are figured can help customers make smart choices when purchasing an auto insurance policy.

Lexus ES 350 Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $196 $362 $278 $16 $84 $936 $78
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Table data does not factor in specific location information which can raise or lower price quotes substantially.

Higher deductibles save money

One of the hardest decisions when shopping for auto insurance is how high should the physical damage deductibles be. The data tables below illustrate the difference in cost between high and low physical damage coverage deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second price table uses a $1,000 deductible.

Lexus ES 350 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $354 $688 $278 $16 $84 $1,445 $120
Get Your Own Custom Quote Go

Lexus ES 350 insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $196 $362 $278 $16 $84 $936 $78
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in specific location which can lower or raise premiums considerably.

Based on this data, using a $100 deductible costs approximately $42 more each month or $504 every year across all Lexus ES 350 models than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average more than 21 months between claims, you would probably be better off by going with a higher deductible. Below is an example of how this determination is made.

Average monthly premium for $100 deductibles: $120
Average monthly premium for $1,000 deductibles (subtract): – $78
Monthly savings from raising deductible: $42
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $42
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important note is that raising deductibles to get cheaper rates results in more money out-of-pocket if you have a claim. You must have some non-essential savings in the event you need to pay the deductible to have repairs made.

The information below illustrates how your choice of deductibles and can influence Lexus ES 350 annual premium costs for each different age group. The premium estimates are based on a married male driver, comp and collision included, and no additional discounts are factored in.

Premiums by gender and age

The diagram below visualizes the comparison of Lexus ES 350 auto insurance costs for male and female drivers. The premium estimates are based on no violations or claims, comp and collision included, $100 deductibles, single status, and no additional discounts are factored in.

Cost difference between full coverage and liability

The information below illustrates the comparison of Lexus ES 350 yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The data is based on no claims or driving citations, $100 deductibles, single status, and no discounts are factored in.

When to switch to liability coverage only

There is no definitive formula to exclude physical damage coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s assume your Lexus ES 350 replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If premium cost is more than $400 annually to have full coverage, then it may be the right time to buy liability only.

There are some situations where removing full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

Louisville Insurance Rates are Influenced by These Factors

Lots of things are used when you quote your car insurance policy. Some factors are common sense like an MVR report, although others are not as apparent such as your credit history or how financially stable you are. One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that come into play when calculating your policy premiums. When you understand what determines base rates, this enables informed choices that may reward you with lower rates.

Careless driving means higher premiums – Only having one driving citation can increase rates by twenty percent. Drivers who don’t get tickets pay less for auto insurance than bad drivers. Drivers unfortunate enough to have multiple violations like DUI or reckless driving may be required to complete a SR-22 with their state in order to prevent their license from being revoked.

The diagram below highlights how traffic violations and at-fault accidents can drive up Lexus ES 350 insurance costs for each age group. The rates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.

Never let your policy expire – Going without insurance is a quick way to increase your auto insurance rates. Not only will you pay higher rates, failure to provide proof of insurance could result in a steep fine or even jail time.

Low mileage costs less – The more miles you rack up on your Lexus annually the more it will cost to insure it. Almost all companies rate vehicles based upon how much you drive. Cars used primarily for pleasure use get more affordable rates than cars that get driven a lot. It’s a good idea to make sure your auto insurance policy shows the right rating data, because improper ratings can cost you money. An improperly rated ES 350 may be wasting your money.

Keep auto insurance claims to a minimum – If you are a frequent claim filer, you can definitely plan on either higher rates or even cancellation. Insurance companies in Kentucky give cheaper rates to people that do not abuse their auto insurance. Your car insurance is designed for claims that you cannot pay yourself.

Your stress level may be raising your prices – Occupations like doctors, social workers, and stock brokers generally have higher average rates due to job stress and lengthy work days. Other careers such as scientists, athletes and the unemployed pay lower than average rates.

Discounts for multiple policies – The majority of companies afford lower prices to buyers that buy multiple policies such as combining an auto and homeowners policy. Discounts can add up to anywhere from five to ten percent in most cases. Even if you qualify for this discount already, drivers will still want to comparison shop to ensure the best deal.There is a chance you can save money even if you have your coverage with different companies

Lexus ES 350 insurance loss probability – Companies use historical loss data in order to profitably underwrite each model. Vehicles that the data determines to have higher frequency or amount of claims will have higher rates for specific coverages. The table shown below demonstrates the historical loss data for Lexus ES 350 vehicles.

For each policy coverage, the claim amount for all vehicles combined as an average is considered to be 100. Percentage values below 100 mean the vehicle has better than average losses, while numbers shown that are more than 100 indicate a higher chance of having a claim or an increased likelihood of larger losses.

Lexus ES 350 Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lexus ES 350 4dr 126 79 160 91 100 78

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

Independent and exclusive insurance agencies

A lot of people would rather get advice from a local agent and doing so can bring peace of mind One of the great benefits of price shopping on the web is you can get cheap auto insurance quotes and still choose a local agent. And supporting small agencies is important particularly in Louisville.

Find insurance agent in LouisvilleTo help locate an agent, after submitting this short form, the coverage information is transmitted to insurance agents in Louisville who will return price quotes for your coverage. It makes it easy because there is no need to contact any agents because prices are sent to you directly. It’s the lowest rates AND a local agent. If you want to compare rates for a specific company, feel free to search and find their rate quote page and fill out the quote form the provide.

If you would like to find local Louisville agents, there are a couple of types of agencies and how they differ in how they quote coverages. Insurance agencies in Louisville are categorized either exclusive or independent.

Independent Agents

Agents that elect to be independent can sell policies from many different companies so they can quote policies through many different auto insurance companies and get you the best rates possible. If they quote lower rates, the business is moved internally without you having to go to a different agency. If you are comparing rate quotes, you definitely need to get quotes from independent agents to get the most accurate price comparison.

Listed below is a short list of independent insurance agencies in Louisville that may be able to give you competitive price quotes.

13000 Equity Pl #201Louisville, KY 40223(502) 254-3332View Map

6409 Dutchmans PkwyLouisville, KY 40205(502) 454-7283View Map

10300 Brookridge Village Blvd Ste 103Louisville, KY 40291(502) 239-5054View Map

More Louisville agents

Exclusive Agents

Exclusive agents normally can only provide a single company’s rates and examples are Farmers Insurance, State Farm, Allstate, and AAA. They are unable to provide other company’s prices so you might not find the best rates. Exclusive agents are very knowledgeable on their products and sales techniques and that allows them to sell at a higher price point.

The following are Louisville exclusive agencies who can help you get price quotes.

5800 Bardstown RdLouisville, KY 40291(502) 491-7797View Map

5438 New Cut Rd Ste 102Louisville, KY 40214(502) 368-6529View Map

4906 Outer LoopLouisville, KY 40219(502) 964-2002View Map

More Louisville agents

Picking the best car insurance agent should include more criteria than just a low price. These are valid questions to ask:

After talking to the agent and getting good answers to any questions you have as well as a price you’re happy with, you may have just found an auto insurance agent that is a good match to adequately provide auto insurance. Keep in mind you are able to terminate coverage whenever you choose to so don’t assume that you are obligated to any particular company with no way to switch.

Everyone needs different car insurance coverages

When it comes to buying proper insurance coverage, there really is not a one-size-fits-all type of policy. Every situation is different.Car insurance savings

These are some specific questions might help in determining whether your personal situation may require specific advice.

If you don’t know the answers to these questions, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form.

Louisville car insurance company ratings

Picking a good quality auto insurance provider is hard considering how many different companies sell coverage in Louisville. The ranking information shown next could help you analyze which auto insurance companies you want to consider purchasing coverage from.

Top 10 Louisville Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Erie Insurance – A+
  6. Titan Insurance – A+
  7. Esurance – A+
  8. Progressive – A+
  9. Nationwide – A+
  10. The Hartford – A+

Top 10 Louisville Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

In the end, you can save money

We just showed you a lot of information how to get a better price on Lexus ES 350 insurance in Louisville. The most important thing to understand is the more you quote Louisville auto insurance, the better likelihood of getting low cost Louisville auto insurance quotes. You may even be surprised to find that the lowest priced insurance comes from some of the lesser-known companies.

There are still a few companies who do not provide internet price quotes and usually these regional carriers provide coverage only through local independent agents. Budget-friendly insurance in Louisville is available both online in addition to many Louisville insurance agents, so compare prices from both in order to have the best chance of saving money.

While you’re price shopping online, don’t be tempted to skimp on coverage in order to save money. In too many instances, an insured dropped comprehensive coverage or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy the best coverage you can find at the best cost but still have enough coverage for asset protection.

Much more information about insurance in Kentucky is located at the links below