Are you researching more affordable Lexus ES 350 insurance in Toledo? Paying cheap prices for Lexus ES 350 insurance in Toledo is always difficult for drivers who are new to quoting and comparing rates online. You have so many choices that it can be a chore to find cheaper Lexus ES 350 insurance rates.
Surprisingly, a recent survey revealed that most drivers kept their coverage with the same car insurance company for over three years, and just under half have never compared rates with other companies. Toledo consumers could save themselves almost $700 a year by just shopping around, but they don’t want to take the time to compare other rate quotes.
It’s smart to shop coverage around as often as possible since rates go up and down regularly. Just because you had the best rate on Lexus ES 350 insurance in Toledo a year ago other companies may now be cheaper. Ignore everything you know about car insurance because you’re about to learn the proper way to find better coverage on Lexus ES 350 insurance in Toledo at a better price.
If you currently have insurance, you will most likely be able to reduce the price you pay using the concepts you’re about to learn. Our goal in writing this article let you in on the best methods to compare rates and how to save the most money. But Ohio vehicle owners must learn how the larger insurance companies sell insurance online and use this information to your advantage.
When shopping for affordable Toledo auto insurance quotes, there are a couple of ways to get quotes from many different Ohio insurance companies. The easiest way by far to compare Lexus ES 350 insurance prices consists of obtaining rate quotes online. Keep in mind that comparing more prices gives you a better chance of getting better pricing. Some insurance companies are not set up to provide rate quotes online, so it’s important to compare price estimates from them, too.
The companies in the list below can provide comparison quotes in Toledo, OH. If you want to find cheaper auto insurance in Ohio, we recommend you click on several of them to get the cheapest price.
Facts and figures for Lexus ES 350 insurance
The rate table displayed next covers estimates of coverage prices for Lexus ES 350 models. Learning more about how car insurance premiums are established is important for you to make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| ES 350 | $224 | $440 | $198 | $12 | $60 | $934 | $78 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rates do not factor in vehicle garaging location which can alter prices greatly.
Raise deductibles and save
One common question asked by Toledo drivers is how high should the physical damage coverage deductibles be. The figures shown below show the price difference between low and high deductibles. The first pricing table uses a $250 deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| ES 350 | $220 | $400 | $192 | $12 | $58 | $907 | $76 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| ES 350 | $136 | $252 | $192 | $12 | $58 | $650 | $54 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Estimates do not factor in Toledo location which can increase or decrease insurance rates significantly.
Based on this data, we can arrive at the conclusion that using a $250 deductible costs roughly $22 more each month or $264 every year across all Lexus ES 350 models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you have more than 34 months between claim filings, you would come out ahead by selecting a higher deductible.
Drive responsibly or pay higher rates
The illustration below shows how violations and at-fault claims drive up Lexus ES 350 insurance prices for each different age group. The prices are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.
Car insurance premiums based on gender
The example below shows the comparison of Lexus ES 350 insurance costs for male and female drivers. The premiums assume no violations or accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are factored in.
Full coverage versus liability-only
The diagram below visualizes the comparison of Lexus ES 350 insurance costs with liability coverage only compared to full coverage. The costs are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are factored in.
When to switch to liability coverage only
There is no clear-cut formula for dropping physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s say your Lexus ES 350 replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $2,000 after paying your policy deductible. If it’s costing you more than $200 annually for physical damage coverage, then it may be the right time to buy liability only.
There are some conditions where only buying liability is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not drop full coverage.
What if I want to buy from local Toledo insurance agents?
Some consumers still prefer to go talk to an agent and that is a smart decision One of the great benefits of getting online price quotes is you may find cheaper premium rates and still have a local agent.
After filling out this short form, your insurance data gets sent to local insurance agents that give free quotes for your coverage. There is no reason to find an agent on your own as quotes are delivered directly to you. You’ll get the best rates and work with a local agent. In the event you want to get a price quote from a specific auto insurance provider, feel free to visit that company’s website and fill out their quote form.
Choosing the best company requires you to look at more than just the premium amount. Agents should be asked these questions:
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- How long has their agency been open in Toledo?
- Which companies do they recommend if they are an independent agency?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Is assistance available after office hours?
- Will their companies depreciate repairs to your car based on the mileage?
- Do they have designations such as AIC, CPCU, or CIC?
If you want to buy auto insurance from a local Toledo insurance agency, there are two different types of agencies and how they work. Auto insurance policy providers are classified as either exclusive or independent agents depending on their company appointments.
Exclusive Insurance Agencies
Exclusive agents can only quote rates from one company such as AAA, Allstate, and State Farm. These agents are not able to provide prices from multiple companies so keep that in mind. Exclusive agencies are very knowledgeable on their products and sales techniques which helps them sell insurance even at higher premiums. Many people buy from exclusive agents mainly due to loyalty to the company rather than having the cheapest rates.
Below is a short list of exclusive insurance agencies in Toledo that can give you price quotes.
- Nathan Ensey – State Farm Insurance Agent
4024 N Holland Sylvania Rd Ste 6 – Toledo, OH 43623 – (419) 517-8811 – View Map - Allstate Insurance: Arrow Dickerson
5415 Monroe St #2a – Toledo, OH 43623 – (419) 841-5017 – View Map - Dave Bly – State Farm Insurance Agent
2416 W Laskey Rd – Toledo, OH 43613 – (419) 474-9672 – View Map
Independent Auto Insurance Agencies
Agents of this type are not limited to a single company so they can quote policies through many different auto insurance companies and find you cheaper rates. If premiums increase, an independent agent can move your coverage without you having to go to a different agency.
If you need lower rates, you absolutely need to get rate quotes from a couple of independent agencies in order to compare the most rates. Most also write with less well-known companies who may have lower rates.
Shown below are independent agents in Toledo who can help you get rate quotes.
- Anderson-Miller Insurance
4149 N Holland Sylvania Rd #3 – Toledo, OH 43623 – (419) 882-1770 – View Map - Park and Co Insurance
5749 Park Center Ct – Toledo, OH 43615 – (419) 474-8135 – View Map - Mouch Insurance Associates, Inc.
3132 W Sylvania Ave – Toledo, OH 43623 – (419) 725-0056 – View Map
Once you have good feedback to these questions in addition to an acceptable price estimate, you’ve probably found an insurance agency that is professional and can insure your vehicles.