It's safe to assume that car insurance companies don't want you to look for cheaper rates. People who get price quotes annually are highly likely to buy a new policy because of the high probability of finding a lower-priced company. A study showed that drivers who faithfully checked for cheaper rates saved $3,450 over four years as compared to drivers who never shopped for cheaper rates.
If finding the best price on auto insurance is your ultimate objective, then knowing how to find and compare coverages can make it easier to find better rates.
The easiest way to save on car insurance rates is to compare prices once a year from providers in Santa Ana.
- First, take a little time to learn about how insurance works and the changes you can make to prevent expensive coverage. Many policy risk factors that drive up the price like speeding tickets, accidents and an unacceptable credit history can be improved by making small lifestyle or driving habit changes. Read the full article for more ideas to get cheaper coverage and find missing discounts.
- Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes from multiple companies.
- Third, compare the new rate quotes to your existing coverage to see if a cheaper rate is available. If you find a lower rate and make a switch, make sure there is no coverage gap between policies.
- Fourth, give proper notification to your current agent or company of your intention to cancel the current policy and submit a down payment along with a completed application for the new policy. Once the application is submitted, keep your new proof of insurance certificate in an accessible location in your vehicle.
One bit of advice is that you use the same level of coverage on each price quote and and to get quotes from as many carriers as you can. This provides an accurate price comparison and a complete selection of prices.
Lower the Price of Car Insurance with These Tips
Lots of factors are used when pricing auto insurance. Some factors are common sense such as your driving history, but other criteria are less obvious like your continuous coverage or how financially stable you are.
The following are most of the major factors utilized by car insurance companies to help set prices.
Gender as a rate factor - Statistics show that women are safer drivers than men. However, don't assume that males are worse at driving than females. Women and men cause accidents at a similar rate, but the male of the species have accidents that have higher claims. Not only are claims higher, but men receive more costly citations like DUI and reckless driving.
The illustration below shows the comparison of Lexus LX 570 auto insurance costs for male and female drivers. The data assumes no violations or claims, full physical damage coverage, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
Traffic violations drive up prices - Your driving citation history has a lot to do with how much you pay for insurance. Even a single chargeable violation could increase your next policy renewal to the point where it's not affordable. Drivers who don't get tickets get better prices as compared to careless drivers. Drivers who have gotten multiple violations such as reckless driving, hit and run or driving under the influence may be required to maintain a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.
The information below illustrates how speeding tickets and accidents influence Lexus LX 570 car insurance rates for each different age group. The rate quotes are based on a single female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
Job stress can make you pay more - Occupations like fire fighters, social workers, and dentists generally pay the highest average rates due to job stress and lengthy work days. Other jobs like farmers, engineers and retirees pay lower than average rates.
Age of drivers - Beginning drivers in California are statistically shown to get distracted easily behind the wheel so they pay higher car insurance rates. Adding a youthful driver to your policy can really hurt. Older people have been proven to be more responsible, cost insurance companies less in claims, and get fewer tickets.
The following chart assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.
Pleasure use saves money - Driving more miles annually the higher the price you pay to insure it. The majority of insurers apply a rate partially by how you use the vehicle. Vehicles that sit idle most of the time receive better premium rates than those that get driven frequently. Double check that your car insurance declarations sheet correctly shows the right rating data, because it can save money. Having an incorrect usage rating on your LX 570 can cost quite a bit.
Location can influence price - Being located in small towns and rural areas is a positive aspect when shopping for auto insurance. City drivers regularly have more aggressive driving styles and more severe claims. Less people living in that area means less chance of accidents in addition to lower liability claims.
How much liability protection - Your car insurance policy's liability coverage will protect you when you are ruled to be at fault for damages from an accident. Liability provides legal defense which can be incredibly expensive. Liability is cheap as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.
Lexus LX 570 insurance loss data - Companies use statistical claims data as a way to help calculate a profitable premium rate. Models that are shown to have higher number or severity of losses will cost more for specific coverages.
The table below illustrates the historical insurance loss data for Lexus LX 570 vehicles. For each coverage category, the claim amount for all vehicles, regardless of make, model or trim level, is a value of 100. Percentage numbers below 100 suggest losses that are better than average, while numbers shown that are more than 100 point to more losses or an increased likelihood of larger losses.
| Specific Lexus Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lexus LX 570 4dr 4WD | 140 | 96 | 217 | 49 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Lexus LX 570 detailed coverage information
The rate information displayed next highlights detailed analysis of insurance coverage prices for Lexus LX 570 models. Being able to understand how prices are calculated can benefit drivers when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $488 | $1000 | $424 | $26 | $126 | $2,064 | $172 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Estimates do not factor in specific location information which can raise or lower premiums noticeably.
The information below demonstrates how deductible levels and can influence Lexus LX 570 insurance premiums for different insured age categories. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are applied.
Lexus LX 570 liability rates compared to full coverage
The diagram below visualizes the comparison of Lexus LX 570 insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.
When to buy liability coverage only
There is no exact rule that is best for determining when to drop comp and collision coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let's pretend your Lexus LX 570 settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If you are currently paying more than $500 annually for your policy with full coverage, then you might consider buying liability only.
There are some circumstances where dropping full coverage is not recommended. If you still owe money on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Lexus LX 570 insurance discounts in Santa Ana
Some providers don't necessarily list every discount in an easy-to-find place, so the list below details some of the best known and the more hidden credits available to bring down your rates. If you do not check that you are getting every discount possible, you are not getting the best rate possible.
- Senior Citizens - If you're over the age of 55, you may be able to get a slight reduction on a Santa Ana car insurance quote.
- Defensive Driver Discounts - Successfully completing a course that instructs on driving safety can save you 5% or more and easily recoup the cost of the course.
- Air Bags and Passive Restraints - Factory options such as air bags or automatic seat belts may earn rate discounts of 20 to 30 percent.
- Anti-lock Brakes - Vehicles equipped with ABS or steering control are safer to drive and qualify for as much as a 10% discount.
- Smart Student Discounts - Performing well in school can be rewarded with saving of up to 25%. The discount lasts until age 25.
- Telematics Data Discounts - Santa Ana drivers who agree to allow their auto insurance company to track vehicle usage remotely such as Progressive's Snapshot and State Farm's In-Drive could save a few bucks as long as the data is positive.
- Accident Free - Santa Ana drivers who stay claim-free pay less compared to accident-prone drivers.
- Own a Home and Save - Being a homeowner can get you a discount since owning and maintaining a home requires a higher level of personal finance.
Don't be surprised that many deductions do not apply to the overall cost of the policy. Most only reduce individual premiums such as liability and collision coverage. Just because you may think it's possible to get free car insurance, auto insurance companies aren't that generous.
The information below visualizes the comparison of Lexus LX 570 yearly insurance costs with and without discounts applied to the premium. The data assumes a female driver, no claims or driving citations, California state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, claim-free, multi-car, and marriage discounts applied.
To view auto insurance companies with significant discounts in Santa Ana, click here.
One last thing about your coverage
Some insurance companies don't offer the ability to get quotes online and many times these small, regional companies provide coverage only through independent agents. Lower-priced Lexus LX 570 insurance in Santa Ana can be sourced both online and also from your neighborhood Santa Ana agents, so you need to compare both in order to have the best price selection to choose from.
Drivers switch companies for any number of reasons including questionable increases in premium, delays in responding to claim requests, an unsatisfactory settlement offer and denial of a claim. It doesn't matter why you want to switch finding the right auto insurance provider is not as hard as you think.
We've covered a lot of information how to lower your Lexus LX 570 insurance premium rates in Santa Ana. The most important thing to understand is the more providers you compare, the higher your chance of finding affordable Lexus LX 570 insurance quotes. You may even be surprised to find that the best premium rates are with a company that doesn't do a lot of advertising.
More tips and info about auto insurance can be found at these sites:
- Credit Impacts Car Insurance Rates (State Farm)
- Who Has Affordable Auto Insurance for Ride Shares in Santa Ana? (FAQ)
- Who Has Affordable Santa Ana Auto Insurance for Lyft Drivers? (FAQ)
- Who Has Affordable Santa Ana Auto Insurance Quotes for Drivers with Bad Credit? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Veterans in Santa Ana? (FAQ)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Electronic Stability Control FAQ (iihs.org)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)