Cheapest Insurance for a Lexus ES 350 in Tulsa

A study showed that nearly 70% of customers have been with the same company for over three years, and almost half have never even shopped around for lower-cost coverage. With the average insurance premium being $1,780, Oklahoma drivers can cut their rates by approximately 35% a year by just shopping around, but they don’t invest the time required to compare other rate quotes.

The recommended way to get affordable Lexus ES 350 insurance is to compare prices once a year from companies who provide car insurance in Tulsa.

1. Take a few minutes and learn about individual coverages and the things you can change to prevent expensive coverage. Many factors that cause high rates such as traffic violations, accidents, and a negative credit rating can be amended by making minor changes in your lifestyle.
2. Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like Progressive and State Farm, while agents who are independent can provide rate quotes from many different companies.
3. Compare the new quotes to the premium of your current policy and see if you can save money. If you find a better price and buy the policy, make sure there is no lapse in coverage.

The critical component of shopping around is to try to compare similar limits and deductibles on each price quote and and to get prices from as many car insurance companies as possible. Doing this enables a fair price comparison and plenty of rates choose from.

Affordable companies for Lexus ES 350 insurance

The providers in the list below provide price quotes in Tulsa, OK. To locate cheap car insurance in Tulsa, we suggest you visit several of them in order to get a fair rate comparison.

Lexus ES 350 insurance statistics and information

The coverage table below highlights a range of insurance costs for Lexus ES 350 models. Learning as much as possible about how insurance premiums are calculated can assist in making smart choices when comparing insurance rates.

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Table data does not factor in specific Tulsa garaging location which can lower or raise auto insurance rates substantially.

Raise deductibles and save

One common question asked by Tulsa drivers is how high should the deductibles for physical damage be. The premium rates below sum up how much more you’ll pay between high and low insurance deductibles. The first rate table uses a $250 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in specific garaging location which can increase or decrease premiums substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $22 more each month or $264 each year across all Lexus ES 350 models than selecting the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 11 months between claim filings, you would probably save some money if you choose the higher deductible.

Impact of careless driving on Tulsa insurance rates

The diagram below demonstrates how speeding tickets and at-fault claims drive up Lexus ES 350 premium costs for each different age category. The prices are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.

Should you buy full coverage?

The example below compares Lexus ES 350 insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no violations or accidents, $250 deductibles, single marital status, and no policy discounts are applied.

Should you buy full coverage or liability only?

There is no definitive formula that is best for determining when to drop physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s assume your Lexus ES 350 settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,000 after you pay the deductible. If you are currently paying more than $500 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where removing full coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Cheaper rates with these discounts

Some insurance providers don’t always publicize every possible discount in a way that’s easy to find, so the list below details some of the more common as well as some of the hidden credits available to you.

• Theft Prevention System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and will save you 10% or more on ES 350 insurance in Tulsa.
• ABS Braking Discount – Cars with ABS braking systems or traction control are much safer to drive and earn discounts up to 10%.
• Safe Drivers – Drivers who don’t get into accidents can save as much as half off their rates than drivers with accidents.
• Early Payment Discounts – By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
• First Accident Forgiveness – Not a discount per se, but a few companies such as Liberty Mutual, GEICO and Allstate permit an accident before hitting you with a surcharge with the catch being you have to be claim-free before the accident.
• Multiple Cars – Buying coverage for multiple vehicles on the same auto insurance policy can get a discount for every vehicle.
• Early Renewal Discounts – A few auto insurance companies give discounts for buying a policy prior to the expiration date on your current ES 350 insurance policy. You may see this discount when you get Tulsa car insurance quotes online.
• Multi-line Discount – Auto insurance companies who offer life insurance give better auto insurance rates if you take out life insurance.
• Paper-free Discount – Some companies will provide an incentive get Tulsa car insurance on the web.
• Club Memberships – Participating in a professional or civic organization can get you a small discount when getting a Tulsa car insurance quote.

It’s important to understand that most credits do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like you could get a free auto insurance policy, you’re out of luck.

The example below shows the comparison of Lexus ES 350 auto insurance costs with and without discounts applied to the policy premium. The prices are based on a male driver, no violations or accidents, Oklahoma 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 homeowner, safe-driver, multi-car, marriage, claim-free, and multi-policy discounts applied.

Insurance companies that possibly offer these discounts are:

• State Farm
• Progressive
• Progressive
• MetLife
• Farm Bureau
• GEICO
• SAFECO

When getting free Tulsa car insurance quotes, it’s a good idea to every prospective company what discounts are available to you. Savings might not apply in Tulsa. For a list of insurers who offer online Lexus ES 350 insurance quotes in Oklahoma, follow this link.

How Insurance Providers Determine Lexus ES 350 Insurance Rates

Consumers need to have an understanding of the factors that go into determining your premiums. When consumers understand what determines premiums, this helps enable you to make changes that will entitle you to cheaper rates.

The factors shown below are just a few of the factors companies use to determine your prices.

Can a thief steal your car? – Driving a car with advanced anti-theft systems can help lower your premiums. Systems that thwart thieves such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent car theft and help bring rates down.

Is insurance coverage cheaper for females or males? – The statistics show that women are safer drivers than men. The data does not necessarily mean that men are WORSE drivers than women. Males and females get in fender benders at a similar rate, but men get into accidents with more damage. Not only that, but men also receive more major tickets like DWI (DUI) or reckless driving.

The chart below visualizes the comparison of Lexus ES 350 car insurance costs for male and female drivers. The rate quotes are based on no claims or driving citations, comprehensive and collision coverage, $100 deductibles, single status, and no policy discounts are applied.

Avoid unnecessary add-on coverages – There are quite a few extra add-on coverages that can waste your money but may not be useful. Insurance for things like replacement cost coverage, towing coverage, and Farm Bureau memberships could be just wasting money. They may seem like a good idea when talking to your agent, but if they’re wasting money remove them and pocket the money.

How much liability coverage – Liability coverage is the protection when you are found to be at fault for damages caused by your negligence. Your policy’s liability insurance provides you with a defense in court to attempt to prove you were not liable. Liability is cheap when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.

Insurance loss data for Lexus ES 350 vehicles – Insurers use data from past claims when setting rates for each model. Models that are shown to have a higher amount or frequency of claims will cost more for specific coverages. The table below shows the historical insurance loss data for Lexus ES 350 vehicles.

For each type of coverage, the claim probability for all vehicles, as a total average, is considered to be 100. Percentage values below 100 mean the vehicle has better than average losses, while percentages above 100 show a trend for more claims or a tendency for claims to be larger.

You may need specialized auto insurance coverage

When it comes to your policy, there really is not a cookie cutter policy. Your financial needs are unique and your policy should reflect that.
For example, these questions can aid in determining if you might need professional guidance.

• Are split liability limits better than a combined single limit?
• Is my trailer covered?
• Do I need higher collision deductibles?
• Are my custom wheels covered?
• Do I have coverage when using my vehicle for my home business?
• Should I rate my vehicle as business use?
• Does car insurance cover theft of personal property?
• Is other people’s property covered if stolen from my vehicle?
• Are my friends covered when driving my car?
• What if an uninsured driver hits me?

If it’s difficult to answer those questions but you know they apply to you, 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 or you can also visit this page to select a carrier

Compare prices but still have a neighborhood Tulsa auto insurance agent

A small number of people still prefer to talk to an insurance agent and that is a personal choice. A nice benefit of comparing insurance prices online is that you can find the lowest rates and still choose a local agent.

To help locate an agent, after submitting this quick form, your insurance data is instantly submitted to local insurance agents who will give you quotes for your coverage. It simplifies rate comparisons since you won’t have to search for any insurance agencies as quotes are delivered directly to you. You can most likely find cheaper rates and an insurance agent to talk to. If you wish to get a rate quote from a particular provider, feel free to find their quoting web page and submit a quote form there.

Deciding on an insurance company is decision based upon more than just the quoted price. Some important questions to ask are:

• Will the agent or a CSR service your policy?
• In the event of vehicle damage, can you pick the collision repair facility?
• How is replacement cost determined on your vehicle?
• Is vehicle mileage a factor when determining depreciation for repairs?
• Are aftermarket or OEM parts used to repair vehicles?
• Is the quote a firm price?
• Does the agency have a positive business rating?
• Are there any discounts for paying up front?

If you want to buy car insurance from a local Tulsa insurance agency, it helps to know the two different types of agencies that differ in how they can insure your vehicles. Car insurance agencies may be either exclusive or independent agents depending on their company appointments.

Exclusive Insurance Agencies

Agents that choose to be exclusive can usually just insure with one company like Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents are unable to shop your coverage around so it’s a take it or leave it situation. Exclusive agents are usually quite knowledgeable on sales techniques which aids in selling service over price. Consumers often use the same exclusive agent primarily because of the brand name rather than having low rates.

Shown below are exclusive agents in Tulsa that are able to give price quotes.

• Beverly Young – State Farm Insurance Agent
  7112 S Mingo Rd #102b – Tulsa, OK 74133 – (918) 250-1550 – View Map
• Jim Vanderveen – State Farm Insurance Agent
  3015 E 15th St – Tulsa, OK 74104 – (918) 712-5979 – View Map
• State Farm: Stephen Garcille
  8165 E 31st St – Tulsa, OK 74145 – (918) 627-8883 – View Map

View more agents

Independent Car Insurance Agents

Agents in the independent channel do not write with just one company so they can insure your vehicles through lots of different companies and possibly get better coverage at lower prices. If you want to switch companies, your agent can switch companies without you having to go to a different agency. When comparing car insurance rates, you will definitely want to check rates from a couple of independent agencies to get the best comparison. A lot of them also have access to mutual insurance companies who may have lower rates.

Below are independent insurance agencies in Tulsa that can give you rate quotes.

• All American Insurance Agency
  6145 E 21st St – Tulsa, OK 74114 – (918) 832-8823 – View Map
• A-Affordable Insurance
  1635 S Harvard Ave – Tulsa, OK 74112 – (918) 749-9500 – View Map
• Hometown Insurance Agency Inc
  8282 S Memorial Dr #201 – Tulsa, OK 74133 – (918) 366-9999 – View Map

View more agents

Be persistent and save

Cheaper Lexus ES 350 insurance in Tulsa is available on the web in addition to many Tulsa insurance agents, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who don’t offer online rate quotes and most of the time these regional carriers prefer to sell through independent insurance agents.

While you’re price shopping online, make sure you don’t skimp on critical coverages to save a buck or two. There are many occasions where drivers have reduced uninsured motorist or liability limits only to regret at claim time they didn’t purchase enough coverage. Your aim should be to buy the best coverage you can find for the lowest price, but don’t skip important coverages to save money.

Much more information about car insurance in Oklahoma can be found at these links:

• Event Data Recorders FAQ (iihs.org)
• Who Has the Cheapest Car Insurance for Single Moms in Tulsa? (FAQ)
• Who Has Cheap Tulsa Auto Insurance Rates for High Mileage Drivers? (FAQ)
• How Much is Car Insurance for Drivers with Bad Credit in Tulsa? (FAQ)
• Protect Yourself Against Auto Theft (Insurance Information Institute)
• Medical Payments Coverage (Liberty Mutual)
• Auto Insurance Learning Center (State Farm)
• How to shop for a safer car (Insurance Institute for Highway Safety)