Lexus RX 350 Insurance Rates in Omaha

Unbelievably, most car insurance buyers have purchased from the same company for a minimum of four years, and nearly half have never even shopped around for lower-cost coverage. Omaha insurance shoppers could save $390 each year, but they don’t believe how much savings they would realize if they just switched companies.

If you want to save money, the best way to get more affordable Lexus RX 350 insurance is to start comparing rates regularly from insurance carriers who provide auto insurance in Omaha.

1. Read about how your policy works and the measures you can control to lower rates. Many factors that cause high rates like at-fault accidents, careless driving, and a bad credit score can be remedied by making small lifestyle or driving habit changes.
2. Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from one company like GEICO or Farmers Insurance, while independent agents can quote prices for many different companies. View companies
3. Compare the new quotes to your current policy to determine if switching companies saves money. If you can save money and buy the policy, verify that coverage does not lapse between policies.

The key thing to remember is to try to use similar deductibles and liability limits on each quote and and to get price quotes from as many different insurance providers as possible. This helps ensure an accurate price comparison and a good representation of prices.

Just remember that quoting more helps improve the odds of finding a better price. Not every company does rate quotes online, so you need to compare price estimates from the smaller companies as well.

The companies shown below offer free rate quotes in Omaha, NE. If multiple companies are listed, we recommend you visit two to three different companies to find the most competitive auto insurance rates.

Lexus RX 350 insurance coverage information

The table below covers detailed analysis of coverage prices for Lexus RX 350 models. Being aware of how insurance rates are calculated is important to be able to make smart choices when purchasing an auto insurance policy.

Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Estimates do not factor in specific Omaha garaging location which can influence premium rates greatly.

An analysis of deductible level

When comparing car insurance rates, the most common question is which deductible level should you buy. The comparisons below summarize the rate differences when you choose different physical damage deductibles. The first pricing table uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rates do not factor in vehicle location which can impact auto insurance rates substantially.

We can estimate from the data above that using a $100 deductible will cost you approximately $39 more each month or $468 every year than quoting the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 23 months between claims, you would probably save some money if you choose the higher deductible.

The chart below illustrates how your deductible choice and can influence Lexus RX 350 insurance premiums for different age groups. The premiums assume a married female driver, full physical damage coverage, and no discounts are applied to the premium.

Lexus RX 350 annual premiums for males versus females

The information below illustrates the difference between Lexus RX 350 car insurance rates for male and female drivers. Data assumes no violations or claims, comprehensive and collision coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.

Lexus RX 350 full coverage rates compared to liability only

The information below illustrates the comparison of Lexus RX 350 car insurance costs with liability coverage only compared to full coverage. The premiums assume no accidents or driving violations, $250 deductibles, drivers are single, and no discounts are factored in.

Should you pay for full coverage or liability only?

There isn’t a steadfast formula for phasing out physical damage coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Lexus RX 350 settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after paying the physical damage deductible. If premiums are more than $800 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some circumstances where buying only liability insurance is not advised. If you still owe money on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Lower rate quotes on Lexus RX 350 insurance in Omaha with these discounts

Companies that sell car insurance don’t always publicize all possible discounts very well, so the next list breaks down a few of the more well known in addition to some of the lesser obvious credits available to you.

• Discounts for Government Workers – Simply working for the federal government could cut as much as 10% off with select insurance companies.
• Discount for Home Ownership – Being a homeowner can get you a discount due to the fact that maintaining a home shows financial diligence.
• Military Discounts – Having an actively deployed family member could mean lower premium rates.
• Telematics Data Discounts – Policyholders that allow their insurance company to analyze where and when they drive by using a telematic data system such as Progressive’s Snapshot could see a rate decrease if they show good driving skills.
• Switch and Save Discount – A few insurance companies give discounts for renewing your policy prior to your current RX 350 insurance policy expiration. Ten percent is about the average savings.
• Senior Citizen Rates – If you qualify as a senior citizen, you may qualify for better insurance rates.

Policy discounts save money, but some of the credits will not apply to the entire policy premium. Most only cut the price of certain insurance coverages like medical payments or collision. So when it seems like all the discounts add up to a free policy, companies don’t profit that way. But all discounts will lower your policy cost.

The chart below shows the comparison of Lexus RX 350 insurance costs with and without discounts applied. The data assumes a male driver, a clean driving record, no claims, Nebraska 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 multi-car, marriage, claim-free, safe-driver, homeowner, and multi-policy discounts applied.

Auto insurance companies who may offer these benefits may include but are not limited to:

• State Farm
• GEICO
• Allstate
• SAFECO
• Farm Bureau
• Progressive
• AAA

When quoting, ask every insurance company which discounts you may be entitled to. Discounts might not be available to policyholders in Omaha. To see insurance companies who offer insurance discounts in Nebraska, follow this link.

Car insurance is not optional in Nebraska

Even though it’s not necessarily cheap to insure a Lexus in Omaha, insuring your vehicle is required for several reasons.

• Almost all states have minimum liability requirements which means you are required to buy specific limits of liability insurance if you drive a vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Lexus RX 350 has a loan, it’s most likely the lender will require that you have full coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the bank will be required to insure your Lexus at an extremely high rate and force you to reimburse them the higher price.
• Car insurance preserves both your vehicle and your personal assets. Insurance will pay for medical bills for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If you have damage to your Lexus as the result of the weather or an accident, comprehensive and/or collision insurance will cover the repair costs.

The benefits of buying enough insurance outweigh the cost, particularly when you have a large claim. Unknowingly, the average driver is currently overpaying as much as $820 a year so it’s recommended you shop around at every renewal to make sure the price is not too high.

Don’t assume everyone needs the same car insurance coverage

Always remember that when buying proper insurance coverage, there is no cookie cutter policy. Your financial needs are unique.

For instance, these questions may help you determine whether you will benefit from professional help.

• Is a driver training discount available?
• Is my custom stereo system covered?
• Is there a penalty for late payment?
• Does my medical payments coverage pay my health insurance deductible?
• Can I get a multi-policy discount?
• What is the difference between personal and commercial auto insurance policies?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form.

Insurance quotes from local Omaha insurance agents

Certain consumers prefer to buy from a local agent and that is recommended in a lot of cases A good thing about getting online price quotes is that you can find lower rates but still work with a licensed agent. Supporting neighborhood insurance agencies is definitely important in Omaha.

After filling out this simple form, the quote information gets sent to companies in Omaha who will return price quotes and help you find cheaper coverage. There is no reason to find an agent since price quotes are sent to your email. Get lower rates and an insurance agent to talk to. If you need to get a rate quote from a specific company, you would need to go to their quote page to submit a rate quote request.

Choose the right car insurance agent

If you want to buy insurance from a good Omaha insurance agent, it can be helpful to understand the different types of agencies and how they are distinctly different. Insurance policy providers may be either independent or exclusive.

Independent Insurance Agencies

These agents often have affiliation with several companies and that allows them to write policies amongst many companies and find the cheapest insurance rates. If prices rise, an independent agent can move your coverage and the insured can keep the same agent.

If you are comparing insurance prices, we recommend you get some free quotes from independent agents so that you can do a thorough price comparison. A lot of them also have access to companies you’ve never heard of who may have lower rates.

Featured below is a short list of independent insurance agents in Omaha that can possibly get you free price quotes.

• Davis Companies
  1313 Cuming St #200 – Omaha, NE 68102 – (402) 399-9090 – View Map
• Jensen Insurance
  16909 Burke St #125 – Omaha, NE 68118 – (402) 391-5100 – View Map
• Encore Insurance Group of Omaha
  11929 Elm St Suite 11 – Omaha, NE 68144 – (402) 552-8700 – View Map

View more agents

Exclusive Agents

Exclusive insurance agents generally can only insure with one company such as AAA, Allstate, State Farm, or Farmers Insurance. They usually cannot provide rate quotes from other companies so it’s a take it or leave it situation. They are usually well trained on what they offer which helps them sell on service rather than price. A lot of people use the same exclusive agent mostly because of the prominence of the brand and the convenience of having all coverages with one company.

The following is a list of exclusive agencies in Omaha that are able to give comparison quotes.

• State Farm® insurance – Beau Iske
  13829 Millard Ave – Omaha, NE 68137 – (402) 895-4424 – View Map
• American Family Insurance – John Cuenca
  4601 S 50th St Ste 306 – Omaha, NE 68117 – (402) 614-5004 – View Map
• Tommy Hughes Jr – State Farm Insurance Agent
  1321 Jones St #104 – Omaha, NE 68102 – (402) 346-1011 – View Map

View more agents

Choosing a auto insurance agent requires you to look at more than just the price. Get answers to these questions too.

• Can they provide you with a list of referrals?
• How much training do they have in personal risk management?
• Are there any hidden costs in their price quote and does it include driving and credit history?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Will they take your side in the event of a claim?
• Does the company have a solid financial rating?
• Does the agency have a current Errors and Omissions policy?
• Do they feel the quoted coverages are adequate?

Upon getting answers to your satisfaction as well as an affordable premium quote, chances are good that you have found an auto insurance agent that meets the criteria to insure your vehicles.