Car Insurance Quotes for a Lexus RX 350 in Greensboro

Surprisingly, a recent survey revealed that nearly 70% of consumers have purchased from the same company for more than four years, and almost 40% of drivers have never shopped around. With the average premium in North Carolina being $980, drivers could pocket $90 a year by just shopping around, but they won’t spend time to find cheaper rates by getting comparison quotes.

If you want to find the absolute lowest rates, then the best way to get the cheapest Lexus RX 350 insurance in Greensboro is to regularly compare prices from different companies that insure vehicles in North Carolina.

• First, spend a few minutes and learn about what coverages are included in your policy and the measures you can take to prevent expensive coverage. Many things that result in higher rates like at-fault accidents, speeding tickets, and a less-than-favorable credit history can be remedied by being financially responsible and driving safely. This article gives additional ideas to prevent high prices and earn larger discounts.
• Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive or Farmers Insurance, while independent agents can quote rates from multiple companies.
• Third, compare the price quotes to your current policy premium and see if there is a cheaper rate in Greensboro. If you find a better price and change companies, ensure coverage does not lapse between policies.
• Fourth, notify your company or agent to cancel your current policy. Submit a down payment along with a signed application to your new carrier. As soon as you receive it, keep your new proof of insurance paperwork with your vehicle’s registration.

One tip to remember is that you use identical deductibles and limits on each price quote and and to get rate quotes from as many companies as feasibly possible. This helps ensure an apples-to-apples comparison and the most accurate and complete price analysis.

You Can Change Your Insurance Prices

When buying insurance it’s important to understand the rating factors that help calculate the price you pay for insurance. When you understand what impacts premium levels, this enables you to make decisions that could help you find better insurance rates. Multiple criteria are taken into consideration when premium rates are determined. Some factors are common sense like your driving record, although others are more obscure such as your credit history and annual miles driven.

The factors shown below are just a few of the factors used by insurance companies to determine your premiums.

Reserve insurance claims for larger damages – If you file claims often, you should expect either policy cancellation or increased premiums. Insurance companies in North Carolina award better rates to people who only file infrequent claims. Your insurance policy is meant to be used in the event of larger claims.

High credit saves on insurance – Having a bad credit score is a big factor in determining what you pay for insurance. Drivers with excellent credit scores tend to be better risks to insure than those with worse credit. If your credit is low, you could pay less to insure your Lexus RX 350 by repairing your credit.

Do you really need the incidental coverages? – There are a lot of additional extra coverages that sound like a good idea at the time if you don’t pay attention. Coverages for replacement cost coverage, accident forgiveness, and Farm Bureau memberships may not be needed and are just wasting money. You may think they are a good idea when discussing your needs, but now you might not need them so remove them from your policy.

Premiums increase with driving tickets – Good drivers have lower premiums than their less careful counterparts. Only having one driving citation can increase the cost of insurance forty percent or more. People who have license-revoking tickets such as reckless driving or DUI may be required to complete a SR-22 with their state DMV in order to continue driving.

The information below illustrates how traffic citations and at-fault claims can raise Lexus RX 350 insurance costs for each different age group. The prices are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

Theft deterrents lowers prices – Purchasing a vehicle with a theft deterrent system can get you a discount on your insurance. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms help track and prevent auto theft.

Getting married is a bonus – Having a significant other can actually save you money when shopping for insurance. It means you’re more mature and responsible and statistics prove being married results in fewer claims.

Insurance losses for a Lexus RX 350 – Insurance companies use claims history to help calculate premium rates. Models that are shown to have higher claim frequency or loss amount will be charged more to insure.

The table shown below demonstrates the actual insurance loss data for Lexus RX 350 vehicles. For each coverage category, the loss probability for all vehicles, regardless of make or model, is considered to be 100. Values that are below 100 mean the vehicle has better than average losses, while values that are above 100 indicate more frequent losses or a tendency for losses to be larger than average.

The easiest way to compare insurance rates in your area utilizes the fact most insurance companies participate in online systems to give free rates quotes. The only thing you need to do is give the companies some data including whether you drive to work or school, whether your vehicle is owned or leased, an estimate of your credit level, and deductibles desired. Your details is sent automatically to insurance carriers in your area and you get price estimates almost instantly.

To compare rates for your Lexus RX 350 now, click here and see if a lower rate is available in Greensboro.

The companies in the list below can provide price quotes in North Carolina. To find the best cheap auto insurance in North Carolina, it’s a good idea that you compare several of them in order to find the cheapest rates.

Insurance coverage analysis

The table displayed below showcases a range of prices for Lexus RX 350 models. Having knowledge of how insurance prices are calculated is important for drivers to make smart choices when selecting a coverage provider.

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Prices do not factor in specific zip code location which can affect auto insurance rates significantly.

How high should deductibles be?

One of the hardest decisions when shopping for car insurance is how low should you set your deductibles. The premium rates below can help you visualize the rate difference between low and high physical damage coverage deductibles. The first pricing table uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Estimates do not factor in garaging location in Greensboro which can influence prices noticeably.

Using the premium rates above, we can conclude that using a $100 deductible will cost you roughly $22 more each month or $264 annually across all Lexus RX 350 models than quoting the higher $500 deductible. Because you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at least 18 months between claims, you would more than likely save some money if you opt for a higher deductible.

Car insurance premiums by gender

The chart below visualizes the comparison of Lexus RX 350 insurance rates for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, single marital status, and no other discounts are factored in.

Cost of full coverage in Greensboro

The diagram below illustrates the difference between Lexus RX 350 premium costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no accidents, no driving violations, $100 deductibles, single marital status, and no other discounts are factored in.

Should you buy full coverage or liability only?

There is no definitive formula of when to stop paying for physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let’s assume your Lexus RX 350 replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after the deductible is paid. If premium cost is more than $500 annually for full coverage, then you might consider buying liability only.

There are some situations where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not buy liability only.

Insurance just makes sense

Despite the potentially high cost of Lexus RX 350 insurance, buying insurance may be required and benefits you in several ways.

• Most states have mandatory liability insurance requirements which means the state requires a minimum amount of liability coverage if you drive a vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your RX 350, almost every bank will require that you have comprehensive coverage to protect their interest in the vehicle. If you let the policy lapse, the lender will be forced to insure your Lexus for a lot more money and force you to pay for the expensive policy.
• Insurance protects both your assets and your car. It will also provide coverage for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of insuring your RX 350 definitely exceed the cost, particularly when you have a large claim. In a recent study of 1,000 drivers, the average customer is overpaying over $700 annually so you should quote and compare rates every year to make sure the price is not too high.

Save money by taking advantage of discounts

Companies that sell car insurance don’t always publicize every discount they offer in a way that’s easy to find, so here is a list a few of the more common and the more hidden discounts that you can inquire about if you buy Greensboro auto insurance online.

• Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discounted insurance rate on car insurance if you buy life insurance.
• Waiver for an Accident – Not a discount per se, but a handful of insurance companies will forgive one accident without raising rates with the catch being you have to be claim-free for a particular time prior to the accident.
• Club Memberships – Belonging to a civic or occupational organization in Greensboro may earn a discount on your policy.
• Multi-policy Discount – If you combine your homeowners and auto policies with the same company you could get a discount of at least 10 to 15 percent or more.
• ABS and Traction Control Discounts – Cars and trucks that have anti-lock braking systems are safer to drive so you can save 10 percent or more.

Remember that most credits do not apply to the whole policy. A few only apply to the price of certain insurance coverages like comprehensive or collision. So even though you would think you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But all discounts will bring down the amount you have to pay.

The information below shows the comparison of Lexus RX 350 yearly insurance costs with and without discounts being applied to the rates. The premium estimates are based on a female driver, no claims or driving citations, North Carolina state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, multi-policy, claim-free, and marriage discounts applied.

Larger insurance companies and a partial list of their discounts are included below.

• GEICO includes discounts for anti-theft, multi-policy, membership and employees, good student, and emergency military deployment.
• Auto-Owners Insurance may offer discounts for multiple vehicles, anti-lock brakes, company car, multi-policy, student away at school, good student, and teen driver.
• American Family offers discounts including TimeAway discount, bundled insurance, mySafetyValet, air bags, early bird, defensive driver, and multi-vehicle.
• Esurance has discounts for Pac-12 alumni, Switch & Save, multi-policy, claim free, online quote, paid-in-full, and good student.
• Progressive offers premium reductions for homeowner, multi-vehicle, good student, multi-policy, online signing, and continuous coverage.
• State Farm discounts include passive restraint, multiple autos, defensive driving training, Drive Safe & Save, and good driver.
• AAA policyholders can earn discounts including pay-in-full, AAA membership discount, multi-policy, multi-car, and education and occupation.

Before buying, ask each company or agent what discounts are available to you. Some discounts might not apply everywhere. To see a list of insurance companies with discount rates in North Carolina, click this link.

When should I have guidance from an insurance agent?

Many drivers just want to get professional advice from a licensed agent and that is a personal choice. A good thing about comparing insurance online is that you can obtain the lowest rates but also keep your business local.

For easy comparison, once you complete this short form, the coverage information is transmitted to local insurance agents that provide free Greensboro auto insurance quotes for your insurance coverage. You won’t need to contact an agency because prices are sent immediately to you. You can find better rates and a licensed agent to talk to. If you have a need to get a price quote from one company in particular, just search and find their rate quote page and complete a quote there.

Selecting an insurer needs to be determined by more than just a cheap price. The questions below may impact your decision as well.

• Which companies do they recommend if they are an independent agency?
• Is working in the agency their full-time job?
• How would your car be valued if totaled?
• In the event of vehicle damage, can you pick the collision repair facility?
• What is the financial rating for the quoted company?
• Can they give you a list of client referrals?
• Is vehicle damage repaired with OEM or aftermarket parts?
• Which companies can they place coverage with?

When looking for a local Greensboro insurance agency, you should know the types of insurance agents and how they are distinctly different. Agencies in Greensboro can be classified as either independent or exclusive depending on the company they work for.

Exclusive Insurance Agencies

Agents in the exclusive channel generally can only insure with one company such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agencies are unable to shop your coverage around so always compare other rates. Exclusive insurance agents are usually well trained on their company’s products which helps them compete with independent agents. Some people will only buy from the same agent for years primarily because of the brand name rather than low rates.

Shown below are exclusive insurance agents in Greensboro willing to provide price quotes.

• Allstate Insurance: Judy T. Slade
  1320 Lees Chapel Rd g – Greensboro, NC 27455 – (336) 375-5920 – View Map
• John Klopp – State Farm Insurance Agent
  401 Battleground Ave – Greensboro, NC 27401 – (336) 268-9000 – View Map
• Keith Kepler – State Farm Insurance Agent
  1603 Westover Terrace a – Greensboro, NC 27408 – (336) 294-4341 – View Map

More Greensboro agents

Independent Insurance Agencies

Independent agencies do not write with just one company so they can quote policies through many different insurance companies and find the cheapest rate. If your agent finds better pricing, your agent can switch companies and you won’t have to switch agencies. If you are trying to find cheaper rates, you definitely need to compare quotes from a few independent agents in order to compare the most rates. Many can place coverage with smaller regional carriers that may provide cheaper insurance rates.

Below are Greensboro independent agencies that can give you price quotes.

• Craft Insurance
  823 N Elm St – Greensboro, NC 27401 – (336) 375-0600 – View Map
• Scott Insurance
  628 Green Valley Rd #306 – Greensboro, NC 27408 – (336) 273-6599 – View Map
• Nationwide Insurance: Joe Fowler
  408 Wendover Ave E – Greensboro, NC 27401 – (336) 299-7447 – View Map

More Greensboro agents

Once you have satisfactory answers to all your questions and a good coverage price, you have narrowed it down to an insurance agent that will provide insurance coverage. Just understand that policyholders can terminate your policy any time you want so don’t assume that you are permanently stuck with any specific company for a certain time period.

North Carolina car insurance companies ranked

Picking the top insurance provider is difficult considering how many different insurance companies sell coverage in Greensboro. The rank data displayed below could help you choose which auto insurers you want to consider shopping your coverage with.

Top 10 Greensboro Car Insurance Companies Overall

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

Top 10 Greensboro Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

More effort can pay off

You just read quite a bit of information on how to find cheaper Lexus RX 350 insurance in Greensboro. It’s most important to understand that the more companies you get auto insurance rates for, the higher the chance of saving money. Consumers could even find that the most savings is with a small mutual company.

As you restructure your insurance plan, it’s not a good idea to reduce coverage to reduce premium. Too many times, an insured cut uninsured motorist or liability limits only to discover later they didn’t have enough coverage. The aim is to buy enough coverage for the lowest price, not the least amount of coverage.

People switch companies for a variety of reasons including delays in responding to claim requests, extreme rates for teen drivers, an unsatisfactory settlement offer or policy cancellation. Regardless of your reason, choosing a new insurance company can be easier than you think.

To learn more, take a look at the following helpful articles:

• Teen Driver Licensing Information (iihs.org)
• Who Has the Cheapest Auto Insurance Rates for a Hyundai Elantra in Greensboro? (FAQ)
• Who Has Affordable Auto Insurance for a Toyota Tacoma in Greensboro? (FAQ)
• Uninsured Motorist Statistics (Insurance Information Institute)
• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)