Save on 2017 Lexus RC 300 Car Insurance Rates in 2024

Trying to find lower car insurance rates for your Lexus RC 300? Wish you could get a refund on an expensive car insurance policy? You’re preaching to the choir because many consumers feel financially strained by their car insurance policy.

Insurance companies such as Allstate and Progressive all claim big savings with ad campaigns and consumers find it hard to see through the deception and effectively compare rates to find the best deal.

You should take the time to compare rates quite often because car insurance prices are constantly changing. Despite the fact that you may have had the lowest price on RC 300 coverage at your last renewal the chances are good that you can find a lower rate today. Block out anything you think you know about car insurance because it’s time to teach you the things you must know in order to save on car insurance.

How do car insurance companies determine Lexus RC 300 insurance costs?

Part of the insurance coverage buying process is learning some of the elements that come into play when calculating the level of your policy premiums. When you know what positively or negatively controls the rates you pay, this helps enable you to make changes that will entitle you to lower premium levels.

The factors shown below are a few of the things companies use to determine premiums.

• Eliminate add-on coverages – Policies have add-on coverages that can add up if you don’t pay attention. Insurance for things like roadside assistance, towing coverage, and term life insurance are some examples. They may seem like a good idea when deciding what coverages you need, but your money might be better spent on other coverage so remove them and pocket the money.
• What are good liability insurance limits? – The liability section of your policy will provide protection in the event that you are determined to be liable for damages caused by your negligence. Your policy’s liability insurance provides legal defense coverage to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so buy as much as you can afford.
• GPS tracking and theft deterrents reduce prices – Purchasing a vehicle with a theft deterrent system can earn a premium discount. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent auto theft and help lower rates.
• Your employer may affect rates – Did you know that where you work can have an impact on rates? Careers like real estate brokers, business owners and financial analysts generally pay higher average rates attributed to high stress levels and long work hours. Other jobs like scientists, engineers and homemakers have lower than average premiums on RC 300 coverage.
• Never let your policy expire – Having a lapse in insurance coverage is a guaranteed way to bump up your insurance coverage costs. Not only will you pay higher rates, getting caught without coverage could result in a revoked license or a big fine. Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
• Single vs. married – Being married may cut your premiums on your policy. Having a significant other may mean you are more mature and responsible and statistics prove married drivers tend to have fewer serious accidents.

Don’t miss these discounts

Auto insurance is neither fun to buy or cheap, but there’s a good chance there are discounts that can drop the cost substantially. A few discounts will automatically apply when you quote, but some must be asked about in order for you to get them.

• Drivers Education – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education as it can save substantially.
• Defensive Driver Discount – Completing a defensive driving course could save 5% or more if your company offers it.
• Life Insurance Discount – If the company offers life insurance, you could get lower auto insurance rates if you buy some life insurance too.
• Club Memberships – Joining certain professional organizations could trigger savings on your bill.
• Good Student Discount – Excelling in school can save 20 to 25%. This discount can apply up to age 25.
• Discount for New Cars – Buying auto insurance coverage on a new vehicle can save up to 30% since new vehicles are generally safer.
• Federal Employees – Employees or retirees of the government could qualify for a slight premium decrease on RC 300 coverage with certain companies.

Keep in mind that most credits do not apply to the overall cost of the policy. Most only cut individual premiums such as liability, collision or medical payments. Even though it appears all the discounts add up to a free policy, nobody gets a free ride.

Large auto insurance companies and a summarized list of policyholder discounts are:

• Progressive offers discounts including homeowner, good student, multi-policy, online signing, multi-vehicle, and online quote discount.
• AAA has discounts for anti-theft, multi-car, multi-policy, education and occupation, good driver, pay-in-full, and good student.
• Farmers Insurance includes discounts for youthful driver, good student, teen driver, multi-car, bundle discounts, and pay in full.
• GEICO policyholders can earn discounts including good student, anti-theft, emergency military deployment, multi-vehicle, anti-lock brakes, and air bags.
• Esurance has savings for Switch & Save, Pac-12 alumni, renters, anti-theft, online shopper, and online quote.
• SAFECO may offer discounts for safe driver, homeowner, accident prevention training, bundle discounts, and multi-car.
• State Farm offers premium reductions for multiple autos, anti-theft, driver’s education, multiple policy, and defensive driving training.

When quoting, ask all companies you are considering which discounts they offer. Some credits may not be available in every state. If you would like to choose from a list of providers that offer some of these discounts, enter your zip code here.

Do drivers who switch really save $386 a year?

Progressive, Allstate and GEICO consistently run ads on TV and radio. All the companies make the same claim that people will save after switching your coverage to them. How does every car insurance company charge you a lower premium? You have to listen carefully.

All the different companies have strict underwriting profiles for the right customer that earns them the highest profit. For instance, a driver they prefer might be over the age of 40, has few claims, and has great credit. A customer that matches those criteria will get a cheap rate quote and have a good chance to cut their rates if they switch.

Insureds who fall outside this ideal profile may be forced to pay higher premium rates with the end result being the customer buying from someone else. Company advertisements say “customers that switch” not “everyone that quotes” can get the lowest rates when switching. That’s the way companies can truthfully make it sound like they have such great auto insurance rates.

That is why drivers should do a price quote comparison at every renewal. It’s just too difficult to predict which insurance companies will give you the biggest savings.

Special considerations

When it comes to buying adequate coverage, there really is no “best” method to buy coverage. Every situation is different and your policy should reflect that. For instance, these questions could help you determine whether your personal situation might need professional guidance.

• What is an SR-22 filing?
• Do I pay less for low miles?
• Should I get collision insurance on every vehicle?
• Does my policy cover me when driving someone else’s vehicle?
• Does my medical payments coverage pay my health insurance deductible?
• Is my trailer covered?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, complete your zip code.

Insurance policy coverages for a Lexus RC 300

Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are the normal coverages available from insurance companies.

Collision coverages – Collision coverage pays for damage to your RC 300 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like sustaining damage from a pot hole, backing into a parked car, hitting a parking meter, crashing into a ditch and crashing into a building. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverage – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims like rock chips in glass, hitting a deer, damage from flooding and falling objects. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability – This coverage will cover damage or injury you incur to other people or property. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability insurance covers claims such as pain and suffering, repair bills for other people’s vehicles and loss of income. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus RC 300.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these limits are identical to your policy’s liability coverage.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for immediate expenses like prosthetic devices, nursing services, rehabilitation expenses and dental work. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

More choices the merrier

When buying insurance coverage, it’s not a good idea to skimp on coverage in order to save money. There are many occasions where an insured cut collision coverage and learned later that they should have had better coverage. Your focus should be to get the best coverage possible at the best cost and still be able to protect your assets.

The cheapest 2017 Lexus RC 300 insurance is definitely available online in addition to many insurance agents, so you should compare both to have the best rate selection. There are still a few companies who don’t offer the ability to get quotes online and many times these regional carriers only sell through independent agents.