Save Money on Lexus ES 350 Insurance in Oakland

It’s astonishing, but over 70% of drivers renewed their policy with the same company for well over three years, and approximately 40% of consumers have never quoted insurance rates at all. Drivers in California could save as much as 35% every year by just comparing quotes, but they think it’s difficult to go online and compare rates.

Discount Lexus ES 350 insuranceTruthfully, the best way to find low-cost prices for Lexus ES 350 insurance is to do an annual price comparison from providers that sell auto insurance in Oakland. Rate comparisons can be done by following these guidelines.

One key aspect when comparing rates is to try to compare similar limits and deductibles on each quote and to quote with as many companies as possible. Doing this helps ensure an accurate price comparison and the best price selection.

If you are insured now or are just looking to switch companies, you can learn to lower your rates and still have adequate protection. Buying the cheapest insurance in Oakland can initially seem challenging. Drivers just have to understand the proper methods to shop for insurance from many different companies online.

Lower rates by qualifying for discounts

Insuring your fleet can be pricey, but you may be missing some discounts to cut the cost considerably. Some of these discounts will be visible at the time of quoting, but a few must be asked about in order for you to get them. If you aren’t receiving every discount possible, you could be getting lower rates.Cheaper insurance with discounts

You should keep in mind that most of the big mark downs will not be given to the entire cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.

The information below shows the comparison of Lexus ES 350 auto insurance rates with and without discounts applied to the premium. The prices are based on a female driver, no claims, a clean driving record, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, safe-driver, claim-free, and multi-policy discounts applied.

Some of the insurance companies that have these discounts include:

If you need lower rates, check with every company the best way to save money. Some of the discounts discussed earlier may not apply in your area.

All the larger car insurance companies give coverage price quotes on the web. Getting Lexus ES 350 insurance prices online is fairly straightforward as you simply enter your personal and coverage information as detailed in the form. Once you submit the form, their rating system sends out for your credit score and driving record and gives you a price quote based on these factors. Getting online quotes for Lexus ES 350 insurance in Oakland helps simplify price comparisons, and it’s also necessary to perform this step in order to find the lowest payment on car insurance.

If you want to find out how much you can save on car insurance, visit the companies below or click here to submit a quote request to multiple companies at once. To compare your current rates, we recommend you input the insurance coverages identical to your current policy. This makes sure you will receive rate comparison quotes for exact coverage.

The companies shown below have been selected to offer free quotes in Oakland, CA. To locate cheap auto insurance in California, we suggest you visit several of them in order to find the most competitive rates.

Auto insurance analysis for a Lexus ES 350

The information shown next covers detailed analysis of rate quotes for Lexus ES 350 models. Having a good understanding how car insurance prices are formulated can help guide drivers when making smart choices when comparing insurance rates.

Lexus ES 350 Insurance Rates in Oakland, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $294 $604 $508 $30 $152 $1,588 $132
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price information does not factor in vehicle garaging location which can lower or raise coverage prices considerably.

Choosing deductibles

The hardest decision when buying coverage is what deductibles to buy. The following tables outline the difference in cost when you buy lower versus higher physical damage coverage deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second price table uses a $1,000 deductible.

Lexus ES 350 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $430 $780 $376 $22 $112 $1,745 $145
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Lexus ES 350 insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $266 $490 $376 $22 $112 $1,266 $106
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rates do not factor in garaging location in Oakland which can influence auto insurance rates considerably.

Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $39 more each month or $468 for a full year than opting for the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 19 months between claims, you would save money if you opt for a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $145
Average monthly premium for $1,000 deductibles (subtract): – $106
Monthly savings from raising deductible: $39
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One important caveat is that a higher deductible level means you will have to pay more when you have a claim. It will be required that you have some savings in the event you need to pay the deductible for vehicle repair.

Should you buy full coverage?

The illustration below illustrates the comparison of Lexus ES 350 auto insurance costs with and without full coverage. The rate quotes are based on no violations or accidents, $100 deductibles, drivers are single, and no discounts are taken into consideration.

Should you pay for full coverage or liability only?

There is no clear-cut rule that works best for making the decision to drop physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your Lexus ES 350 claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after paying your deductible. If premiums are more than $500 annually for full coverage, then you might want to consider buying only liability coverage.

There are a few cases where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not buy liability only.

Neighborhood insurance agents

A small number of people prefer to buy from a local agent and there is nothing wrong with that. Good insurance agents are trained to spot inefficiencies and will help you if you have claims. One of the benefits of getting online price quotes is that you can find cheaper premium rates and still have an agent to talk to. And providing support for local insurance agents is especially important in Oakland.

Oakland insurance agentsUpon completion of this simple form, your insurance coverage information is emailed to companies in Oakland who want to provide quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to find an agent on your own due to the fact that quote results will go straight to your inbox. If you have a need to compare prices for a specific company, you would need to jump over to their website and fill out their quote form.

If you want a local insurance agency, there are two types of insurance agents and how they are slightly different. Insurance agents in Oakland can be described as either exclusive agents or independent agents. Both types can provide insurance policies, but it is a good idea to know the subtle differences because it may have an impact on which agent you choose.

Independent Insurance Agencies or Brokers

Agents of this type often have affiliation with several companies so they can insure your vehicles with a variety of different insurance companies and find you cheaper rates. If prices rise, they simply move your policy to a different company without you having to go to a different agency. When shopping rates, we recommend you get insurance quotes from several independent insurance agents for the best price selection.

Below is a partial list of independent insurance agents in Oakland that can possibly get you price quote information.

On My Way Insurance
320 10th StOakland, CA 94607(510) 893-3298View Map

4102 International BlvdOakland, CA 94601(510) 261-1300View Map

6427 Westover DrOakland, CA 94611(510) 336-3490View Map

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Exclusive Insurance Agents

Agents of this type generally can only insure with one company such as Allstate, AAA, Farmers Insurance, and State Farm. These agents are not able to provide prices from multiple companies so they have no alternatives for high prices. Exclusive agents are well trained on what they offer which aids in selling service over price.

Listed below are exclusive agents in Oakland that can give you rate quotes.

1433 Leimert BlvdOakland, CA 94602(510) 531-1432View Map

8105 Edgewater Dr #118Oakland, CA 94621(510) 878-7555View Map

3301 E 12th St Suite 113Oakland, CA 94601(510) 533-8107View Map

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Selecting an insurance agent requires you to look at more than just a cheap quote. These are some questions you should get answers to.

After you get positive feedback for all questions you ask as well as a affordable price, most likely you have located a car insurance agent that meets the criteria to adequately provide insurance.

What is the best auto insurance company in California?

Choosing a high-quality auto insurance company is hard considering how many companies sell insurance in Oakland. The company rank data shown below could help you decide which car insurance companies to look at putting your business with.

Best Auto Insurance Companies in Oakland
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
AAA of Southern California 91 94 97 92% A+ 94.1
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies

One last thing to lower rates

When searching for the cheapest Lexus ES 350 rate quotes, don’t be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut liability coverage limits only to regret at claim time that the few dollars in savings costed them thousands. The aim is to get the best coverage possible at the best possible price.

Lower-priced insurance in Oakland is available both online in addition to many Oakland insurance agents, and you should be comparing both so you have a total pricing picture. There are still a few companies who do not offer online price quotes and most of the time these small, regional companies prefer to sell through independent agents.

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