Unfortunately, almost 70% of drivers renewed their policy with the same company for well over three years, and nearly half have never even shopped around for cheaper coverage. Santa Ana insurance shoppers can cut their rates by as much as $470 a year by just comparing rate quotes, but they don't know the amount of money they would save if they changed companies.
If saving money is your primary concern, then the best way to get discount Lexus ES 350 insurance is to compare prices annually from companies in Santa Ana. Rate comparisons can be done by following these steps.
First, gain an understanding of policy coverages and the steps you can take to prevent high rates. Many rating criteria that result in higher prices such as accidents, traffic violations, and an unfavorable credit rating can be eliminated by being financially responsible and driving safely. This article provides the details to lower rates and get additional discounts that may have been overlooked.
Second, compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO or State Farm, while independent agents can provide price quotes from multiple insurance companies.
Third, compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you find better rates and decide to switch, verify that coverage does not lapse between policies.
Fourth, provide proper notification to your current company of your intention to cancel your current policy and submit a completed policy application and payment for your new policy. Immediately store the certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.
The most important part of shopping around is to compare identical deductibles and limits on every quote request and and to compare as many carriers as you can. This ensures the most accurate price comparison and a good representation of prices.
Comparing quotes for the lowest cost coverage in Santa Ana is simple if you know the tricks. If you're already insured or are shopping for new coverage, you can use these tips to find the best rates and still have adequate protection. Smart shoppers only have to learn the fastest way to get comparison rates using one simple form.
The companies in the list below offer price quotes in Santa Ana, CA. If several companies are displayed, it's highly recommended you visit as many as you can to get a more complete price comparison.
Lexus ES 350 insurance coverage information
The rate table shown next outlines detailed analysis of insurance costs for Lexus ES 350 models. Understanding how rate quotes are figured can help you make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| ES 350 | $242 | $452 | $386 | $22 | $116 | $1,218 | $102 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in specific location which can alter rates considerably.
Can higher deductibles save money?
One of the more difficult decisions when buying auto insurance is which deductibles should you choose. The figures shown below show the premium difference between high and low policy deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| ES 350 | $478 | $932 | $376 | $22 | $112 | $1,945 | $162 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| ES 350 | $348 | $630 | $376 | $22 | $112 | $1,488 | $124 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Premium costs do not factor in specific location information which can impact premium rates substantially.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you approximately $38 more each month or $456 every year averaged for all ES 350 models than opting for the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you average at least 11 months between claims, you would probably come out ahead if you opt for a higher deductible.
Impact of speeding/accidents on Santa Ana auto insurance rates
The information below demonstrates how traffic citations and at-fault fender-benders drive up Lexus ES 350 auto insurance costs for different categories of driver ages. The costs are based on a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
Annual premiums for males compared to females in Santa Ana
The diagram below visualizes the comparison of Lexus ES 350 auto insurance costs for male and female drivers. The premiums assume a clean driving record, no at-fault accidents, full coverage, $100 deductibles, single status, and no discounts are factored in.
Full coverage versus liability-only in Santa Ana
The illustration below visualizes the comparison of Lexus ES 350 car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no violations or accidents, $1,000 deductibles, marital status is single, and no policy discounts are applied.
Guidelines for dropping full coverage
There is no exact formula for excluding comp and collision coverage, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then you might consider buying liability only.
For example, let's assume your Lexus ES 350 replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $7,000 after the policy deductible has been paid. If you are currently paying more than $700 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
There are a few cases where dropping full coverage is not advised. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Why you need Lexus vehicle insurance in California
Despite the high cost, paying for insurance may be required and benefits you in several ways.
- Most states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your vehicle has a lienholder, almost every bank will make it a condition of the loan that you buy insurance to protect their interest in the vehicle. If you let the policy lapse, the bank will be required to insure your Lexus at a much higher rate and force you to pay for it.
- Insurance preserves your vehicle and your assets. It will also provide coverage for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are sued as the result of an accident. If you have damage to your Lexus as the result of the weather or an accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance more than offset the price you pay, especially with large liability claims. Despite what companies tell you, the average driver is overpaying over $825 a year so compare rates at least once a year to be sure current rates are still competitive.
Four factors that affect insurance premiums
Smart consumers have a good feel for the factors that are used to determine the price you pay for insurance. When you know what positively or negatively positively or negatively impacts your premiums, this helps enable you to make changes that could result in better insurance rates.
Decrease premiums by maintaining coverage - Driving without insurance is illegal and you may have a hard time finding new coverage because you let your coverage have a gap. And not only will your rates increase, getting caught without coverage could result in a license revocation or jail time. You may have to file a SR-22 with the California department of motor vehicles.
City traffic equals higher rates - Having an address in areas with lower population can be a good thing when trying to find low car insurance rates. Drivers in populated areas regularly have more auto accidents and a longer drive to work. Lower population means less chance of accidents in addition to fewer liability claims.
Long commutes cost more - The more miles you rack up on your Lexus in a year the more you'll pay to insure it. A lot of companies calculate prices based upon how you use the vehicle. Cars used primarily for pleasure use can get a lower rate than vehicles that have high annual mileage. Ask your agent if your policy correctly shows the correct usage, because improper ratings can cost you money. An incorrectly rated ES 350 is throwing money out the window.
Car plus home equals more savings - Lots of insurance companies provide better rates for people who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount, consumers should still check prices from other companies to verify if the discount is saving money.
Loss statistics for a Lexus ES 350 - Companies use past insurance losses when setting premium prices. Models that statistically have higher claim amounts or frequency will cost more for coverage.
The information below illustrates the compiled insurance loss statistics for Lexus ES 350 vehicles. For each coverage category, the claim probability for all vehicles, as a total average, is set at 100. Numbers below 100 indicate better than average losses, while values over 100 indicate frequent claims or an increased probability of a larger loss.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lexus ES 350 4dr | 126 | 79 | 160 | 91 | 100 | 78 |
Statistics from IIHS.org for 2013-2015 Model Years
Get cheaper Lexus ES 350 insurance in Santa Ana with discounts
Some insurers don't list every possible discount in a way that's easy to find, so the following is a list of both the well known and the harder-to-find discounts that you can inquire about if you buy Santa Ana auto insurance online. If you do not check that you are getting every discount you qualify for, it's possible you qualify for a lower rate.
- Student Driver Training - It's a good idea to have your young drivers participate in a local driver's education class in school or through a local driver safety program.
- Senior Citizen Discount - Older drivers may receive reduced rates.
- Paperwork-free - Some of the larger companies will give a small break for signing up online.
- Multi-policy Discount - When you have multiple policies and place coverage with the same company you will save at least 10 to 15 percent or more.
- Passive Restraints - Options like air bags may earn rate discounts of up to 25% or more.
- Pay Now and Pay Less - By paying your entire bill at once instead of paying each month you can avoid the installment charge.
- Anti-lock Brakes - Vehicles with ABS and/or traction control can avoid accidents so you can save 10 percent or more.
- Home Ownership Discount - Simply owning a home can save a few bucks because it shows financial diligence.
- Discount for Swiching Early - Some insurance companies give discounts for signing up prior to the expiration date on your current ES 350 insurance policy. Ten percent is about the average savings.
Discounts reduce rates, but you should keep in mind that most discounts do not apply to the entire policy premium. Most only reduce specific coverage prices like comp or med pay. So when it seems like you could get a free insurance policy, companies wouldn't make money that way.
The illustration below visualizes the comparison of Lexus ES 350 insurance rates with and without some available policy discounts. The premium estimates are based on a female driver, a clean driving record, no claims, 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, claim-free, homeowner, multi-car, and marriage discounts applied.
To locate companies with the best discounts in California, click here.
Neighborhood agents and car insurance
Many people would rather go talk to an agent and there is nothing wrong with that. Good agents can help you choose the best coverages and help in the event of a claim. One of the benefits of comparing rate quotes online is that you can obtain the best rates and still have a local agent. Supporting local agencies is still important in Santa Ana.
For easy comparison, once you complete this simple form, the quote information is instantly submitted to local insurance agents who will give you quotes for your business. It simplifies rate comparisons since you won't have to contact an agency as quotes are delivered directly to your email. In the event you want to quote rates from a specific company, don't hesitate to jump over to their website to submit a rate quote request.
When looking for a reputable agency, you should know the different types of agencies and how they are distinctly different. Car insurance agents are considered either independent or exclusive depending on the company they work for. Both types can provide car insurance policies, but it's worth learning why they differ because it can impact your agent selection.
Independent Agents
Independent agencies can sell policies from many different companies so they can insure your vehicles with an assortment of companies and potentially find a lower price. If your agent finds better pricing, an independent agent can move your coverage which requires no work on your part.
If you are comparing car insurance prices, you definitely need to get rate quotes from a couple of independent agencies to get the most accurate price comparison. They often place coverage with smaller regional carriers which may have better rates.
Shown below is a short list of independent agents in Santa Ana that may be able to provide price quotes.
- Mural Insurance Agency
1202 17th St #103 - Santa Ana, CA 92701 - (714) 541-1003 - View Map - Leavitt Group - Leavitt Insurance Services of Southern California
1820 E First St #500 - Santa Ana, CA 92705 - (714) 569-2700 - View Map - Barrett Insurance Agency
1438 S Main St - Santa Ana, CA 92707 - (714) 973-9999 - View Map
Exclusive Agents
These agents can only provide pricing for a single company and some examples include Farmers Insurance, State Farm, or Allstate. These agents are unable to provide rate quotes from other companies so they have no alternatives for high prices. Exclusive insurance agents receive extensive training on their company's products and that enables them to sell even at higher rates. Some consumers prefer to choose to use an exclusive agent mostly because of the brand name and the convenience of having a single billing for all their coverages.
Below are Santa Ana exclusive insurance agencies that can give you price quote information.
- Farmers Insurance: Ray Cheng Insurance Agency Inc.
540 N Golden Cir Dr #315 - Santa Ana, CA 92705 - (888) 395-4847 - View Map - Farmers Insurance Agency: Blake Robbins
3611 S Harbor Blvd #200 - Santa Ana, CA 92704 - (417) 263-1934 - View Map - Allstate Insurance: Jorge Bendeck
3929 S Bristol St Ste 201 - Santa Ana, CA 92704 - (714) 832-3900 - View Map
Picking a insurance agency is decision based upon more than just a low price. Here are some questions to ask:
- Are they full-time agents?
- Which company do they place the most coverage with?
- Is the agent and/or agency licensed to do business in California?
- Which family members are covered?
- Who are their largest clients?
- If they are an independent agency in Santa Ana, which companies do they recommend?
- Will high miles depreciate repair valuations?
- Does their agency support local causes in Santa Ana?
Don't give up on affordable coverage
In this article, we presented a lot of ways to get a better price on Lexus ES 350 insurance in Santa Ana. It's most important to understand that the more rate comparisons you have, the higher your chance of finding low cost Santa Ana auto insurance quotes. Consumers could even find that the lowest auto insurance rates are with the least-expected company.
Insureds leave their current company for a variety of reasons including being labeled a high risk driver, unfair underwriting practices, policy non-renewal and delays in responding to claim requests. It doesn't matter why you want to switch switching car insurance companies can be easier than you think.
Cheaper Lexus ES 350 insurance in Santa Ana can be purchased online in addition to local insurance agencies, and you need to comparison shop both in order to have the best chance of saving money. Some car insurance companies may not offer the ability to get a quote online and many times these smaller providers provide coverage only through independent insurance agents.
Additional detailed information is available at these sites:
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- Who Has Affordable Auto Insurance Rates for Safe Drivers in Santa Ana? (FAQ)
- How Much are Santa Ana Car Insurance Quotes for a Ford Escape? (FAQ)
- Who Has the Cheapest Auto Insurance for a Honda Accord in Santa Ana? (FAQ)
- Who Has Affordable Santa Ana Auto Insurance for Business Use? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a Jeep Wrangler in Santa Ana? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- Young Drivers: The High Risk Years Video (iihs.org)
- Auto Insurance FAQ (Farmers Insurance)