Cheapest 2018 Lexus RX 350 Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Aug 24, 2022

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Searching for cheaper insurance rates? Consumers have many options when looking for the best price on Lexus RX 350 insurance. You can either waste hours calling around trying to get quotes or utilize the internet to compare rates.

There are both good and bad ways to shop for insurance so you’re going to learn the proper way to quote coverages on a Lexus and obtain the cheapest rates either online or from local insurance agents.

Insurance coverage discounts help lower rates

Car insurance can cost a lot, but there are discounts available to reduce the price significantly. Some discounts apply automatically at the time of quoting, but some may not be applied and must be specially asked for before being credited.

  • Bundled Policy Discount – If you have multiple policies with the same company you could save approximately 10% to 15%.
  • Active Service Discounts – Having a family member in the military could be rewarded with lower premium rates.
  • Telematics Devices – Policyholders that allow their insurance coverage company to track driving patterns through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates if their driving habits are good.
  • Discount for New Cars – Putting insurance on a new car may earn a small discount compared to insuring an older model.
  • Good Students Pay Less – Getting good grades can be rewarded with saving of up to 25%. Most companies allow this discount up until you turn 25.
  • Passenger Safety Discount – Cars that have air bags or motorized seat belts could see savings up to 30%.

While discounts sound great, it’s important to understand that most discounts do not apply to the whole policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like all the discounts add up to a free policy, insurance coverage companies aren’t that generous.

Popular insurance coverage companies and their possible discounts are detailed below.

  • State Farm offers discounts including safe vehicle, defensive driving training, good driver, multiple policy, driver’s education, and anti-theft.
  • Farmers Insurance may include discounts for switch companies, good student, pay in full, business and professional, and alternative fuel.
  • GEICO policyholders can earn discounts including membership and employees, multi-policy, air bags, multi-vehicle, and daytime running lights.
  • American Family offers discounts for TimeAway discount, Steer into Savings, defensive driver, bundled insurance, early bird, and air bags.
  • Nationwide discounts include Farm Bureau membership, multi-policy, accident-free, anti-theft, easy pay, and business or organization.
  • Progressive may have discounts that include good student, multi-vehicle, homeowner, continuous coverage, and online signing.

Before purchasing a policy, check with each company the best way to save money. A few discounts might not be available to policyholders in your area. If you would like to view providers that offer discounts, enter your zip code here.

Which is the best auto insurance?

When it comes to buying adequate coverage, there really is no one size fits all plan. Everyone’s situation is unique.

Here are some questions about coverages that can help discover whether you might need an agent’s assistance.

  • Are there companies who specialize in insuring high-risk drivers?
  • Do I need an umbrella policy?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • What is the difference between comprehensive and collision coverage?
  • Does my insurance cover my expensive audio equipment?
  • Will I lose any money if I cancel my policy before it expires?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete your zip code. It’s fast, doesn’t cost anything and can provide invaluable advice.

Specific coverage details

Learning about specific coverages of your auto insurance policy helps when choosing the right coverages for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hitting a bird, theft, hitting a deer and damage from getting keyed. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for liability

This coverage can cover damage or injury you incur to other’s property or people in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like loss of income, legal defense fees, emergency aid, pain and suffering and funeral expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Collision insurance

This coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a mailbox, sustaining damage from a pot hole and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like funeral costs, nursing services, ambulance fees and hospital visits. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Lexus RX 350.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally the UM/UIM limits do not exceed the liability coverage limits.

Smart consumers save more

Consumers switch companies for a variety of reasons including high rates after DUI convictions, an unsatisfactory settlement offer, delays in paying claims or questionable increases in premium. Regardless of your reason for switching companies, choosing a new insurance company is not as hard as you think.

Lower-priced 2018 Lexus RX 350 insurance is attainable both online and also from your neighborhood agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies don’t offer the ability to get a quote online and these regional insurance providers only sell coverage through independent agents.

As you restructure your insurance plan, do not buy less coverage just to save a little money. Too many times, an insured cut physical damage coverage only to regret they didn’t purchase enough coverage. Your objective should be to get the best coverage possible at the best cost and still be able to protect your assets.

Even more information can be read at these sites:

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