Best Quotes for Lexus ES 350 Insurance in Anchorage

Insurance rates Lexus ES 350 in AnchorageDo you want to save money by finding more competitive Lexus ES 350 insurance in Anchorage? I really doubt anyone enjoys paying for car insurance, particularly when they could find better prices if they shop around.

Unfortunately, the vast majority of Alaska car insurance customers kept their policy with the same company for a minimum of four years, and nearly half have never compared car insurance rates at all. Consumers in the U.S. could save almost 47% each year, but they underestimate how much they could save if they switched to a more affordable policy. You have so many insurers to buy insurance from, and though it is a good thing to have multiple companies, too many choices makes it more difficult to compare company pricing for Lexus ES 350 insurance in Anchorage.

Finding and comparing the lowest-priced car insurance policy in Anchorage is simple if you know the tricks. If you have coverage now or want to find a cheaper company, you will benefit by learning to find the best rates without sacrificing coverage. Smart shoppers only have to learn the quickest method to quote multiple rates from multiple carriers.

The quickest method we recommend to compare insurance rates in your area is to understand most insurance companies pay for the opportunity to quote your coverage. All consumers are required to do is give them rating details like the year, make and model of vehicles, level of coverage desired, if the vehicle is leased, and if it has an alarm system. Those rating factors is then sent to many highly-rated insurers and you get price estimates immediately.

To compare lower-cost Lexus ES 350 insurance rates now, click here and enter your zip code.

The companies shown below have been selected to offer comparison quotes in Alaska. If you want the best auto insurance in Anchorage, we recommend you click on several of them to get a more complete price comparison.

Anchorage insurance discounts for a Lexus ES 350

Car insurance can cost a lot, but you might already qualify for some discounts to reduce the price significantly. Some discounts apply automatically when you purchase, but less common discounts must be inquired about before they will apply.Auto insurance discounts

Remember that most discounts do not apply to the entire cost. Some only reduce the cost of specific coverages such as medical payments or collision. Despite the appearance that all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

The information below illustrates the difference between Lexus ES 350 yearly insurance costs with and without discounts applied to the policy premium. The premiums assume a male driver, no claims or violations, Alaska state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, homeowner, safe-driver, claim-free, and multi-car discounts applied.

To see insurance companies that offer many of these discounts in Alaska, click here to view.

Analysis of coverages

The rate table displayed below highlights estimates of prices for Lexus ES 350 models. Being able to understand how premiums are calculated can help you make smart buying decisions.

Lexus ES 350 Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $254 $544 $300 $18 $90 $1,206 $101
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in your specific Anchorage location which can alter insurance rates noticeably.

Auto insurance deductibles

When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The rates shown below approximate the cost difference when you choose different policy deductibles. The first data table uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.

Lexus ES 350 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $294 $574 $232 $14 $70 $1,209 $101
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Lexus ES 350 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
ES 350 $164 $302 $232 $14 $70 $782 $65
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in specific location which can alter premiums greatly.

Based on the data above, we can derive that using a $100 deductible costs roughly $36 more each month or $432 for a full year than requesting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 25 months between claim filings, you would save money if you decide on a higher deductible.

The information below illustrates how your deductible choice and can affect Lexus ES 350 yearly insurance costs for each age group. The premiums assume a single female driver, comprehensive and collision coverage, and no policy discounts are applied.

Lexus ES 350 annual premiums for males versus females

The information below shows the difference between Lexus ES 350 insurance costs for male and female drivers. The data is based on no violations or claims, comprehensive and collision coverage, $250 deductibles, marital status is single, and no discounts are applied.

Full coverage rates compared to liability-only

The diagram below shows the difference between Lexus ES 350 auto insurance costs when comparing full coverage to liability only. The premium estimates are based on no violations or accidents, $100 deductibles, drivers are not married, and no policy discounts are applied.

Should you pay for full coverage?

There is no clear-cut rule of when to phase out full coverage, but there is a general convention. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Lexus ES 350 claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after paying the physical damage deductible. If you are currently paying more than $600 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are a few situations where only buying liability is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Four Things That Affect Your Insurance Premiums

Lots of factors are taken into consideration when you get a price on insurance. Some are pretty understandable such as your driving history, but other criteria are less apparent such as your marital status or how financially stable you are.

Do you work long hours in a demanding occupation? – Jobs like judges, business owners, and dentists have the highest average rates because of high stress levels and lengthy work days. Other occupations like scientists, athletes and the unemployed generally pay rates lower than average.

Use but don’t abuse your insurance – If you file claims often, you can expect either a policy non-renewal or much higher rates. Insurance companies in Alaska provide better rates to insureds who only file infrequent claims. Auto insurance is intended for major claims that would cause financial hardship.

Lower rates with alarm systems – Choosing a vehicle with advanced anti-theft systems can earn a premium discount. Theft deterrent systems like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent your car from being stolen.

Insurance rates in urban areas – Residing in a rural area can be a good thing when insuring your vehicles. Fewer drivers means less chance of accidents in addition to lower liability claims. City drivers have to deal with traffic congestion and a longer drive to work. Spending more time driving statistically corresponds to a higher accident and claim rate.

Insurance loss data for a Lexus ES 350 – Auto insurance companies analyze claim trends for every vehicle when setting rates for each model. Models that have higher loss trends will have higher premium rates.

The data below shows the historical loss data for Lexus ES 350 vehicles. For each policy coverage type, the claim amount for all vehicles averaged together is a value of 100. Numbers shown that are under 100 imply a favorable loss record, while numbers above 100 indicate more frequent claims or an increased probability of a larger loss.

Insurance Loss Ratings for Lexus ES 350 Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lexus ES 350 4dr 126 79 160 91 100 78

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years