It’s amazing but the majority of drivers have remained with the same car insurance company for four years or more, and about 40% of consumers have never compared rates to find lower-cost insurance. With the average car insurance premium being $1,600, Arizona drivers can save approximately 50% each year just by comparing rates, but most just don’t grasp the rate savings if they just switched companies.
If saving money is your primary concern, then the best way to find affordable auto insurance rates is to start comparing prices regularly from providers who sell auto insurance in Tucson.
First, take a little time to learn about how insurance works and the measures you can control to prevent high rates. Many rating criteria that result in higher rates like traffic violations and a less-than-favorable credit score can be controlled by making lifestyle changes or driving safer. This article provides additional ideas to help prevent expensive coverage and get additional discounts that may be available.
Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like GEICO or State Farm, while independent agencies can quote rates from multiple sources. Compare rates now
Third, compare the new rates to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate quote and decide to switch, ensure there is no coverage lapse between policies.
An important note is to make sure you enter similar deductibles and liability limits on every quote request and and to get prices from as many car insurance companies as possible. Doing this helps ensure a fair price comparison and a complete price analysis.
Finding the cheapest auto insurance coverage in Tucson is really quite easy. If you have coverage now or just want to save money, you can use this information to reduce the price you pay and still have adequate protection. Drivers just have to know the quickest method to compare rate quotes over the internet.
The method we recommend to compare insurance rates in your area is to know the trick almost all companies will pay a fee to compare their rates. To start a quote, the only thing you need to do is provide information including the ages of drivers, the year, make and model of vehicles, how much you drive, and whether or not you need a SR-22. That information is automatically sent to insurance carriers in your area and you will receive price estimates very quickly.
To get price quotes for your Lexus LC 500 now, click here and enter the information requested.
The following companies are our best choices to provide price comparisons in Arizona. To buy cheap auto insurance in Tucson, AZ, we recommend you visit two to three different companies to get a more complete price comparison.
Three reasons insurance is important
Despite the high insurance cost for a Lexus LC 500 in Tucson, insurance is required in Arizona but also provides important benefits.
First, almost all states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability insurance if you drive a vehicle. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Lexus LC 500 has a lienholder, most lenders will make it mandatory that you have full coverage to guarantee payment of the loan. If you default on your policy, the lender will be forced to insure your Lexus at an extremely high rate and make you pay the higher premium.
Third, insurance protects both your assets and your car. It will also cover medical bills for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if someone files suit against you 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 buying enough insurance definitely exceed the price paid, particularly if you ever have a claim. On average, a vehicle owner in Tucson is overpaying more than $869 every year so we recommend shopping around each time the policy renews to ensure rates are inline.
Insurance Premium Influencing Factors
Many different elements are considered when premium rates are determined. A few of the factors are predictable such as your driving record, but some are not as apparent such as your marital status or your commute time. An important part of buying insurance is that you know the factors that go into determining your premiums. If you have a feel for what impacts premium levels, this helps enable you to make changes that may reward you with much lower annual insurance costs.
Your age impacts your prices – More mature drivers are more cautious drivers, cause fewer claims and accidents, and get fewer tickets. Inexperience drivers are known to be less responsible when behind the wheel so they pay higher auto insurance rates.
Save money with higher comp and collision deductibles – Protection for physical damage, otherwise known as comp (or other than collision) and collision, protects your Lexus from damage. Some examples of covered claims are a windshield shattered by a rock, hitting a deer, and rolling your vehicle. Deductibles for physical damage define how much you are required to pay if you file a covered claim. The more the insured has to pay upfront, the lower your rates will be.
Do safer cars cost less to insure? – Cars with high safety ratings tend to have better insurance rates. The safest vehicles result in less severe injuries and fewer injuries translates directly to fewer claims passed on to you as lower rates. If your Lexus LC 500 has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
Pay more for higher performance vehicles – The type of car or truck you need to insure makes a big difference in how high your rates are. The most favorable rates are usually for lower performance four cylinder passenger models, but the final cost of insurance is determined by many other factors.
Your gender affects rates – Statistics have proven women tend to be less risk to insure than men. However, this does not mean females are better drivers. Males and females get in fender benders in similar percentages, but the male of the species get into accidents with more damage. Men also receive more major tickets like reckless driving and DUI. Teenage male drivers cause the most accidents and are penalized with high auto insurance rates.
The higher your credit score the lower your rates – A driver’s credit history is likely to be a major factor in calculating your premium rate. If your credit is low, you could be paying less to insure your Lexus LC 500 by improving your rating. Drivers who have good credit tend to file fewer claims and have better driving records than drivers who have poor credit scores.
Deter theft and save – Buying a car with advanced anti-theft systems can help lower your rates. Theft prevention devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart your vehicle from being stolen.
Car insurance quotes and discounts
Car insurance companies do not list the entire discount list very well, so we break down some of the more common in addition to some of the lesser obvious ways to save on car insurance.
- Government Employees – Employees or retirees of the government can save as much as 8% with some car insurance companies.
- Multi-car Discount – Buying insurance for all your vehicles on the same car insurance policy can get a discount for every vehicle.
- Anti-lock Brake System – Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions and will save you 10% or more on LC 500 insurance in Tucson.
- Pay Now and Pay Less – If you pay your bill all at once rather than paying in monthly installments you can avoid monthly service charges.
- Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts could cut 10% or more on medical payment and PIP coverage.
- Save with a New Car – Insuring a vehicle that is new may earn a small discount since newer vehicles have better safety ratings.
We need to note that most of the big mark downs will not be given to the entire cost. Some only apply to the cost of specific coverages such as comp or med pay. So despite the fact that it appears having all the discounts means you get insurance for free, you aren’t that lucky.
For a list of car insurance companies that can offer you the previously mentioned discounts in Tucson, click here.
Your insurance coverage should be tailored to you
When buying the best insurance coverage for your personal vehicles, there really isn’t a one size fits all plan. Everyone’s needs are different.
Here are some questions about coverages that might help in determining if you might need professional guidance.
- Can I use my car for my catering business?
- Where can I get insurance after a DUI in Arizona?
- Will my rates increase for filing one claim?
- Is my dog or cat covered if injured in an accident?
- Does insurance cover tools stolen from my truck?
- How many claims can I have before being canceled?
If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and you can get the answers you need.
Buying from car insurance agents
Some consumers would prefer to visit with an insurance agent and that is not a bad decision Good agents can help you choose the best coverages and help file insurance claims. An additional benefit of comparing rate quotes online is that drivers can save money and get cheap car insurance quotes and also buy local.
To find an agent, once you fill out this quick form, the quote information is emailed to agents in your area that can give you free Tucson auto insurance quotes for your insurance coverage. You never need to find an agent due to the fact that quote results will go to the email address you provide. If you wish to compare rates from one company in particular, you can always jump over to their website and fill out the quote form the provide.
Choosing an insurer should include more criteria than just the quoted price. Here are some questions you might want to ask.
- How are claims handled?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Does the agent have professional designations like CIC, CPCU or AIC?
- Are there any discounts that you might be missing?
- Where would your vehicle be repaired?
- Can you use your own choice of collision repair facility?
- Does the agent recommend any additional coverage?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
The lowest rates come from being thorough
We’ve covered quite a bit of information on how to find lower-cost Lexus LC 500 insurance in Tucson. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. Drivers may even discover the biggest savings come from some of the lesser-known companies.
As you quote Tucson auto insurance, do not skimp on coverage in order to save money. There are too many instances where an insured cut comprehensive coverage or liability limits to discover at claim time that it was a big mistake. The proper strategy is to find the BEST coverage at the best price while not skimping on critical coverages.
The cheapest Lexus LC 500 insurance in Tucson is available online in addition to local insurance agencies, so you should compare both to have the best rate selection. A few companies do not provide online price quotes and many times these smaller providers work with independent insurance agencies.
To learn more, take a look at these articles:
- Should I Buy a New or Used Car? (Allstate)
- How Much are Tucson Auto Insurance Rates for Uber Drivers? (FAQ)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Prom Night Tips for Teen Drivers (State Farm)