Cheap Insurance for a Lexus ES 350 in Cincinnati

The easiest way to get affordable Lexus ES 350 insurance is to compare prices annually from companies who provide car insurance in Cincinnati. Rates can be compared by following these steps.

• First, take a little time to learn about how insurance companies determine prices and the changes you can make to prevent high rates. Many rating criteria that result in higher prices like multiple speeding tickets and bad credit can be eliminated by making lifestyle changes or driving safer.
• Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like Progressive or State Farm, while independent agencies can provide rate quotes from multiple sources. Find a Cincinnati insurance agent
• Third, compare the new quotes to your existing policy and see if there is a cheaper rate. If you find a lower rate quote, make sure coverage is continuous and does not lapse.
• Fourth, provide adequate notice to your current company of your intention to cancel your current policy and submit the signed application along with the required initial payment to the new insurer. As soon as coverage is bound, place your new certificate verifying proof of insurance along with your vehicle registration.

A good tip to remember is that you’ll want to make sure you compare similar deductibles and liability limits on every quote request and to quote with as many companies as feasibly possible. Doing this enables an apples-to-apples comparison and the best rate selection.

It goes without saying that auto insurance companies don’t want policyholders to compare prices from other companies. Consumers who perform rate comparisons are highly likely to move their business because there is a good chance of finding coverage at a cheaper rate. A recent survey found that drivers who shopped around annually saved about $70 a month compared to policyholders who never compared prices.

If finding the cheapest price for auto insurance is the reason you’re reading this, then learning a little about how to get free comparison quotes and analyze insurance premiums can help simplify the task of finding more affordable coverage.

If you already have coverage, you stand a good chance to be able to save money using the following tips. Our goal is to let you in on the most effective ways to compare rates and how to save the most money. But Ohio vehicle owners need to have an understanding of how insurance companies charge you for coverage and use it to find better rates.

Just keep in mind that quoting more increases your odds of finding the best price.

The companies shown below are our best choices to provide price comparisons in Ohio. If your goal is to find the cheapest car insurance in Ohio, it’s highly recommended you visit two to three different companies to get the lowest price.

Insurance coverage analysis

The coverage table shown below highlights estimates of coverage costs for Lexus ES 350 models. Having a good understanding how auto insurance prices are determined can aid in making informed decisions when comparing rates.

Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rates do not factor in your specific Cincinnati location which can increase or decrease insurance rates significantly.

An analysis of deductible level

When shopping for car insurance, a common question is which deductibles should you choose. The tables below show the rate difference when you select higher and lower physical damage coverage deductibles. The first rate comparisons uses a $250 deductible and the second price chart uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in specific location which can decrease or increase prices significantly.

Using the data above, we can ascertain that using a $250 deductible will cost you about $12 more each month or $144 a year than requesting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you usually have at least 21 months between claim filings, you would more than likely save some money going with the higher deductible.

The example below demonstrates how deductible levels and can change Lexus ES 350 premium costs for each different age category. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.

Comparison of car insurance rates by gender and age

The example below shows the comparison of Lexus ES 350 yearly insurance costs for male and female drivers. The rate quotes are based on no accidents, no driving violations, full coverage, $100 deductibles, single status, and no other discounts are factored in.

Auto insurance is an important decision

Despite the high insurance cost for a Lexus ES 350 in Cincinnati, auto insurance may not be optional for several reasons.

• The majority of states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability insurance in order to drive the car. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your Lexus ES 350, it’s guaranteed your bank will force you to have comprehensive coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your Lexus for a much higher rate and require you to fork over for the expensive policy.
• Auto insurance preserves both your car and your assets. It will also reimburse you for medical transport and hospital expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your auto insurance policy will pay to repair the damage.

The benefits of insuring your ES 350 more than cancel out the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is overpaying over $865 each year so you should quote rates at every policy renewal to ensure rates are competitive.

Cheaper Lexus ES 350 insurance rates in Cincinnati

Some insurance providers don’t always list every discount very clearly, so we took the time to find a few of the more common and also the lesser-known credits available to bring down your rates.

• Passive Restraint Discount – Vehicles equipped with air bags may get savings of more than 20%.
• Professional Memberships – Affiliation with qualifying clubs or civic groups could qualify you for a break on your next renewal.
• Claim Free – Claim-free drivers can save substantially when compared to policyholders that have many claims.
• Good Student Discount – This discount can be rewarded with saving of up to 25%. The discount lasts up to age 25.
• Employee of Federal Government – Having worked for a branch of the government may reduce rates when you quote Cincinnati car insurance with certain companies.
• Savings for New Vehicles – Buying a new car instead of a used ES 350 can get you a discount compared to insuring an older model.
• Cincinnati Homeowners Discount – Simply owning a home can save you money since owning and maintaining a home is proof that your finances are in order.
• Military Deployment Discount – Being on active deployment in the military could be rewarded with lower insurance rates.

A little disclaimer on discounts, some credits don’t apply to the whole policy. Most only apply to specific coverage prices like liability and collision coverage. So even though it sounds like you would end up receiving a 100% discount, you won’t be that lucky.

The chart below compares Lexus ES 350 premium costs with and without discounts. The premiums assume a male driver, no violations or accidents, Ohio state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, homeowner, multi-car, safe-driver, and multi-policy discounts applied.

Companies and some of the discounts are shown below.

• Travelers has discounts for IntelliDrive, driver training, save driver, early quote, and student away at school.
• 21st Century may offer discounts for driver training, teen driver, theft prevention, air bags, and student driver.
• State Farm may include discounts for defensive driving training, anti-theft, Steer Clear safe driver discount, passive restraint, student away at school, and Drive Safe & Save.
• GEICO policyholders can earn discounts including anti-lock brakes, seat belt use, military active duty, membership and employees, and good student.
• SAFECO offers discounts for teen safe driver, accident prevention training, drive less, anti-theft, and teen safety rewards.
• AAA includes discounts for education and occupation, good driver, multi-policy, pay-in-full, good student, and multi-car.

It’s a good idea to ask each insurance company which discounts you may be entitled to. Some discounts may not apply in Cincinnati. For a list of insurance companies with significant discounts in Cincinnati, click here.

Insurance agent or online?

Many drivers prefer to go talk to an agent and that can be a smart move One of the benefits of getting online price quotes is you may find the lowest rates and still buy from a local agent. Putting coverage with local agents is important particularly in Cincinnati.

After filling out this simple form, the coverage information gets sent to companies in Cincinnati that provide free Cincinnati car insurance quotes for your insurance coverage. You won’t even need to contact any agents as quotes are delivered to you instantly. You can find the lowest rates without a big time investment. If you have a need to get a comparison quote from a specific company, feel free to search and find their rate quote page and give them your coverage information.

If you would like to find a reputable agency, it helps to know the two different types of agents and how they are distinctly different. Agencies in Cincinnati are considered either independent or exclusive depending on the company they work for.

Independent Agencies or Brokers

These agents often have affiliation with several companies and that is an advantage because they can write policies through many companies depending on which coverage is best. If you are not satisfied with one company, they can switch companies in-house and you won’t have to switch agencies.

When comparing rate quotes, we recommend you include multiple independent agents for the best price selection. Most have the option of insuring with companies you’ve never heard of who may have lower rates.

Shown below is a partial list of independent agents in Cincinnati who may provide free insurance rate quotes.

• Ohio Insurance Center
  7404 Hamilton Ave – Cincinnati, OH 45231 – (513) 522-6300 – View Map
• Brodbeck Porter Agency
  7249 Beechmont Ave – Cincinnati, OH 45230 – (513) 624-0900 – View Map
• Dwyer Insurance Agency
  3356 N Bend Rd – Cincinnati, OH 45239 – (513) 389-4100 – View Map

View more Cincinnati agents

Exclusive Insurance Agents

These agents can only write with one company and some examples include State Farm, Allstate and AAA. Exclusive agencies are unable to compare other company’s rates so they really need to provide good service. These agents receive a lot of sales training on their company’s products which helps them sell insurance even at higher premiums. Consumers frequently buy from exclusive agents mainly due to high brand loyalty rather than having the cheapest rates.

The following is a list of exclusive insurance agencies in Cincinnati that can give you rate quotes.

• Connor Smith – State Farm Insurance Agent
  9620 Colerain Ave #25 – Cincinnati, OH 45251 – (513) 385-3385 – View Map
• Jackie Meadows – State Farm Insurance Agent
  2036 8 Mile Rd – Cincinnati, OH 45244 – (513) 474-4940 – View Map
• GEICO Insurance Agent
  4081 E Galbraith Rd #1b – Cincinnati, OH 45236 – (513) 794-3426 – View Map

View more Cincinnati agents

Choosing an car insurance agent requires more thought than just the bottom line cost. Some important questions to ask are:

• Is the agency covered by Errors and Omissions coverage?
• Do the companies they represent have a solid financial rating?
• If they are an independent agency in Cincinnati, which companies do they recommend?
• Do they reduce claim amounts on high mileage vehicles?
• Do you need full coverage on every vehicle?
• Does the agency provide any after hours assistance?
• Do they have cheaper tiers of coverage?

Car insurance specifics

Learning about specific coverages of a car insurance policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Coverage for medical expenses

Med pay and PIP coverage kick in for short-term medical expenses for things like nursing services, dental work and funeral costs. They are used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Collision insurance

Collision insurance will pay to fix damage to your ES 350 caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as colliding with a tree, crashing into a ditch, hitting a mailbox and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible on your ES 350 to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required (25/50/25 in Ohio), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are set the same as your liability limits.

Auto liability

This can cover damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like loss of income, attorney fees, legal defense fees and funeral expenses. How much coverage you buy is up to you, but consider buying higher limits if possible. Ohio state minimum liability requirements are 25/50/25 but you should think about purchasing more coverage.

The next chart shows why low liability limits may not be enough.

Comprehensive car insurance

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hitting a deer, a broken windshield, a tree branch falling on your vehicle, hail damage and damage from getting keyed. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Be persistent and save

We just presented a lot of techniques to reduce Lexus ES 350 insurance prices online in Cincinnati. The key thing to remember is the more you quote Cincinnati car insurance, the better your chances of lowering your rates. Consumers could even find that the most savings is with some of the lesser-known companies.

People switch companies for any number of reasons including being labeled a high risk driver, policy cancellation, high prices or poor customer service. It doesn’t matter why you want to switch switching companies is actually quite simple.

As you prepare to switch companies, do not reduce coverage to reduce premium. There have been many cases where someone dropped full coverage and discovered at claim time they didn’t have enough coverage. The aim is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

Much more information about insurance in Ohio is located on the following sites:

• What are my Rights when Filing a Claim? (Insurance Information Institute)
• What Insurance is Cheapest for Low Income Drivers in Cincinnati? (FAQ)
• How Much are Auto Insurance Quotes for Good Drivers in Cincinnati? (FAQ)
• What Insurance is Cheapest for a Ford F-150 in Cincinnati? (FAQ)
• Side Impact Crash Tests (iihs.org)
• Neck Injury FAQ (iihs.org)
• Coverage Information (Progressive Insurance)
• Senior Drivers (Insurance Information Institute)