Anyone knows that car insurance companies don’t want you to compare rates. People who compare price quotes are highly likely to buy a different policy because there is a good probability of finding lower rate quotes. A survey found that consumers who made a habit of comparing rate quotes saved as much as $865 a year as compared to drivers who didn’t regularly shop around.
If finding low prices for car insurance is the reason you’re reading this, then knowing the best ways to shop for insurance premiums can help you succeed in saving money.
If saving money is your primary concern, then the best way to find discount Lexus RX 350 insurance is to do a yearly price comparison from insurers who provide car insurance in Miami.
First, try to learn a little about the different coverages in a policy and the measures you can take to prevent expensive coverage. Many risk factors that result in higher rates like at-fault accidents, careless driving, and a not-so-good credit rating can be amended by making minor changes to your lifestyle. This article gives more information to help keep rates affordable and find overlooked discounts.
Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO or Allstate, while agents who are independent can provide price quotes from many different companies.
Third, compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available in Miami. If you find a lower rate quote, ensure coverage does not lapse between policies.
Fourth, give proper notification to your current agent or company of your decision to cancel your current policy and submit the signed application along with the required initial payment to the new company. When you receive it, place the new certificate verifying proof of insurance along with your vehicle registration.
An important bit of advice to remember is to try to use identical coverages on every quote and and to get price quotes from every company you can. Doing this provides an accurate price comparison and a complete rate analysis.
Finding quotes for the cheapest car insurance policy in Miami can be fairly easy. Essentially every person who has to buy car insurance will find lower prices. Nevertheless, Florida consumers do need to know the way insurance companies determine premium rates because it varies considerably.
Determine discounts to get cheap Miami car insurance rates
Car insurance companies don’t necessarily list all their discounts in a way that’s easy to find, so the list below contains a few of the more well known as well as the least known discounts that may be available. If you aren’t receiving every discount you qualify for, it’s possible you qualify for a lower rate.
- No Accidents – Good drivers with no accidents can save substantially as compared to frequent claim filers.
- Safe Drivers – Safe drivers can get discounts for up to 45% lower rates than their less cautious counterparts.
- Employee of Federal Government – Employees or retirees of the government can save as much as 8% depending on your company.
- Paper-free Discount – Some of the larger companies give back up to $50 for buying your policy on the internet.
- Theft Deterrent Discount – Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and will qualify for a discount on a Miami auto insurance quote.
- Miami Homeowners Pay Less – Owning a home in Miami can get you a discount due to the fact that maintaining a home is proof of financial responsibility.
You should keep in mind that some of the credits will not apply to the entire policy premium. Most only cut individual premiums such as comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, companies don’t profit that way.
The information below visualizes the comparison of Lexus RX 350 auto insurance rates with and without discounts being applied to the rates. The data assumes a female driver, no accidents, no driving violations, Florida state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, homeowner, multi-policy, and claim-free discounts applied.
Some companies who may offer most of these discounts include:
When getting free Miami auto insurance quotes, it’s a good idea to each insurance company which discounts you qualify for. Savings may not apply in Miami. To choose companies that offer some of these discounts in Florida, click this link.
How to compare Miami Lexus RX 350 insurance quotes
Most companies provide coverage price quotes direct online. Obtaining pricing for Lexus RX 350 insurance in Miami is very simple because you just enter the coverage amounts you desire into a form. Behind the scenes, the system will order information on your driving record and credit history and generates a price based on many factors. This makes it easy to compare insurance prices and it is imperative to do this in order to find the most affordable premium on insurance.
If you want to find out what other companies charge, consider comparing rates from the companies shown below. If you have a policy now, it’s recommended you copy deductibles and limits exactly as they are listed on your policy. This guarantees you will have a price comparison for exact coverage.
The car insurance companies shown below have been selected to offer free quotes in Miami, FL. To buy cheaper car insurance in Miami, FL, we recommend you visit as many as you can in order to get a fair rate comparison.
Analysis of coverages
The price information below covers estimates of coverage prices for Lexus RX 350 models. Being more informed about how insurance quotes are calculated can be useful when making smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX 350 2WD | $196 | $394 | $452 | $26 | $136 | $1,204 | $100 |
| RX 350 4WD | $196 | $394 | $452 | $26 | $136 | $1,204 | $100 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price information does not factor in your specific Miami location which can revise coverage rates considerably.
The example below demonstrates how deductibles and can change Lexus RX 350 insurance premiums for different age groups. The costs are based on a single male driver, comp and collision included, and no other discounts are factored in.
Impact of citations and accidents on Miami insurance rates
The diagram below illustrates how violations and at-fault fender-benders can drive up Lexus RX 350 insurance premiums for different ages of insureds. The prices are based on a single male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
Rate difference between full and liability-only coverage
The information below illustrates the difference between Lexus RX 350 car insurance costs with full coverage compared to only the Florida minimum liability coverage. The premiums assume no claims or driving violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.
Should you buy full coverage or liability only?
There is no definitive formula to delete physical damage coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Lexus RX 350 claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If you are paying over $300 a year to have full coverage, then it could be time to drop full coverage.
There are some situations where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not opt for liability only.
Don’t assume everyone needs the same auto insurance coverage
When choosing the best auto insurance coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different.
Here are some questions about coverages that might point out if you might need an agent’s assistance.
- Why do I have to buy liability insurance?
- Is borrowed equipment or tools covered if stolen or damaged?
- Is there coverage for my trailer?
- What is an umbrella policy?
- How much liability coverage do I need in Florida?
- Should I carry comprehensive and collision coverage?
- Can good grades get a discount?
- Does coverage follow the driver or the vehicle?
- Is my son or daughter covered when driving my car?
If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.
Auto insurance quotes from neighborhood Miami auto insurance agents
Certain consumers would prefer to talk to an insurance agent and that is a smart decision The biggest benefit of comparing auto insurance online is the fact that drivers can get cheap rate quotes and still buy from a local agent. And supporting small agencies is definitely important in Miami.
Upon completion of this quick form, your information is immediately sent to companies in Miami who will give competitive quotes to get your business. You don’t have to leave your computer due to the fact that quote results will go to you instantly. You can find lower rates without a big time investment. In the event you want to get a price quote from a particular provider, you just need to jump over to their website to submit a rate quote request.
Two types of Miami car insurance agents
When looking for a local insurance agency, you should know the different agency structures and how they are slightly different. Insurance agencies in Miami are categorized either exclusive or independent (non-exclusive).
Independent Insurance Agents
These agents do not have single company limitations and that allows them to write policies amongst many companies enabling the ability to shop coverage around. If they find a lower price, your agent can just switch to a different company and you don’t have to find a new agent. If you are trying to find cheaper rates, you absolutely need to get rate quotes from a couple of independent agencies so that you have a good selection of quotes to compare.
Featured below is a short list of independent agencies in Miami who can help you get free rate quotes.
Miami Insurance Agency
3313 NW 7th St – Miami, FL 33125 – (305) 541-4553 – View Map
Royal Palm Insurance Agency Inc
9900 NW 27th Ave – Miami, FL 33147 – (305) 835-6080 – View Map
Ekono Insurance Agency
11626 NE 2nd Ave – Miami, FL 33161 – (305) 757-6767 – View Map
Exclusive Auto Insurance Agencies
These type of agents write business for a single company like Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot compare other company’s rates so they have to upsell other benefits. They receive a lot of sales training on the products they sell and that allows them to sell at a higher price point.
The following is a short list of exclusive insurance agents in Miami that can give you comparison quotes.
Rick Burke – State Farm Insurance Agent
2250 S Dixie Hwy Ste. 2 – Miami, FL 33133 – (305) 860-0616 – View Map
Clark Alvarado – State Farm Insurance Agent
5209 NW 36th St – Miami Springs, FL 33166 – (305) 887-9543 – View Map
GEICO Insurance Agent
8514 SW 8th St – Miami, FL 33144 – (305) 595-2911 – View Map
Choosing the best insurance agent requires more thought than just the price. Here are some questions you should ask.
- Is the agent properly licensed in Florida?
- Does the agency provide any after hours assistance?
- Is the quote a firm price?
- Is the agency active in community causes in Miami?
- Do they regularly work with personal auto policies in Miami?
- In the event of vehicle damage, can you pick the collision repair facility?
Quote more to save more
Consumers switch companies for a variety of reasons including unfair underwriting practices, poor customer service, high rates after DUI convictions or being labeled a high risk driver. Whatever your reason, finding a great new company can be easy and end up saving you some money.
The cheapest Lexus RX 350 insurance in Miami is attainable both online and from local agencies, so you need to shop Miami auto insurance with both in order to have the best price selection to choose from. Some insurance providers do not provide online quoting and usually these smaller companies only sell through independent agents.
When shopping online for auto insurance, never reduce coverage to reduce premium. In many instances, an accident victim reduced liability limits or collision coverage only to regret that the few dollars in savings costed them thousands. The ultimate goal is to find the BEST coverage at the best cost, but do not skimp to save money.
Additional resources
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Who Has Cheap Miami Car Insurance Quotes for Government Employees? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Toyota Tacoma in Miami? (FAQ)
- How Much are Miami Auto Insurance Quotes for Seniors? (FAQ)
- Who Has Cheap Car Insurance Rates for Drivers with Bad Credit in Miami? (FAQ)
- Who Has Cheap Miami Auto Insurance Quotes for Homeowners? (FAQ)
- Auto Insurance 101 (About.com)
- Side Impact Crash Tests (iihs.org)