It’s hard to believe, but over 70% of consumers have stayed with the same insurance company for more than four years, and nearly half have never even shopped around for cheaper coverage. Massachusetts insurance shoppers could pocket roughly $590 a year by just comparing quotes, but most just don’t grasp the amount of savings they would get if they changed companies.
It takes a few minutes, but the best way to get low-cost auto insurance rates is to regularly compare prices from insurance carriers who sell insurance in Boston. You can compare prices by following these steps.
- First, get an understanding of how companies price auto insurance and the steps you can take to prevent rate increases. Many risk factors that cause high rates such as at-fault accidents and a lousy credit rating can be eliminated by improving your driving habits or financial responsibility.
- Second, compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like GEICO and Allstate, while independent agencies can quote prices for a wide range of insurance providers.
- Third, compare the new quotes to your current policy to determine if you can save on ES 350 insurance in Boston. If you find better rates and decide to switch, ensure coverage does not lapse between policies.
The most important part of this process is to try to use similar coverage information on every quote request and and to analyze as many auto insurance providers as possible. This provides a fair rate comparison and and a good selection of different prices.
Low cost Lexus ES 350 insurance prices in Boston, MA
When comparing insurance rates, know that more quotes increases the chance that you will find the best rates.
The car insurance companies shown below are ready to provide quotes in Massachusetts. If you want to find cheap auto insurance in MA, we recommend you visit several of them to get the best price comparison.
Affordable Lexus ES 350 insurance in Boston
Companies offering auto insurance don’t always publicize every possible discount very well, so below is a list both well-publicized and the harder-to-find credits that you can use to lower your rates.
- Boston Homeowners Discount – Just being a homeowner may trigger a policy discount on car insurance because maintaining a house shows financial diligence.
- Data Collection Discounts – Insureds that choose to allow data collection to spy on driving manner by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates as long as the data is positive.
- Cautious Driver Discounts – Drivers who don’t get into accidents may receive a discount up to 45% than their less cautious counterparts.
- Organization Discounts – Having an affiliation with a professional or civic organization can get you a small discount on your next renewal.
- Multiple Cars – Purchasing coverage when you have multiple cars or trucks with the same car insurance company qualifies for this discount.
- Multiple Policy Discount – If you insure your home and vehicles with one insurance company you could earn a discount of approximately 10% to 15%.
It’s important to note that some credits don’t apply to all coverage premiums. A few only apply to the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way.
The diagram below visualizes the comparison of Lexus ES 350 insurance costs with and without discounts applied. The data is based on a male driver, no driving violations, no at-fault accidents, Massachusetts state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, multi-policy, claim-free, and multi-car discounts applied.
A few popular companies and the discounts they provide can be read below.
- American Family has savings for good driver, Steer into Savings, mySafetyValet, accident-free, multi-vehicle, and early bird.
- State Farm discounts include student away at school, driver’s education, multiple autos, multiple policy, defensive driving training, accident-free, and safe vehicle.
- 21st Century offers discounts including driver training, anti-lock brakes, automatic seat belts, theft prevention, and student driver.
- Travelers may offer discounts for hybrid/electric vehicle, payment discounts, continuous insurance, multi-car, IntelliDrive, home ownership, and student away at school.
- GEICO offers discounts for five-year accident-free, daytime running lights, seat belt use, good student, driver training, and military active duty.
When getting free Boston auto insurance quotes, it’s a good idea to each company or agent which discounts you may be entitled to. Some of the discounts discussed earlier might not be available to policyholders in Boston. To find companies who offer online Lexus ES 350 insurance quotes in Boston, click here.
Auto insurance statistics and figures
The coverage information shown next covers estimates of rate quotes for Lexus ES 350 models. Learning a little about how auto insurance premiums are determined can help guide drivers when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| ES 350 | $194 | $364 | $290 | $18 | $86 | $952 | $79 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can raise or lower premiums noticeably.
Auto insurance deductibles
One frequently asked question is at what level do you set your deductibles. The rates shown below may help to illustrate the differences in premium rates when you select higher and lower coverage deductibles. The first data table uses a $100 comprehensive and collision deductible and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| ES 350 | $362 | $704 | $284 | $16 | $86 | $1,477 | $123 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| ES 350 | $264 | $476 | $284 | $16 | $86 | $1,126 | $94 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price information does not factor in vehicle garaging location which can increase or decrease auto insurance rates greatly.
Using the data above, we can ascertain that using a $100 deductible costs an average of $29 more each month or $348 each year across all Lexus ES 350 models than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 14 months between claim filings, you would most likely save money if you choose a higher deductible.
How to calculate if higher deductibles make sense
| Average monthly premium for $100 deductibles: | $123 |
| Average monthly premium for $500 deductibles (subtract): | – $94 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
One big caveat is that raising deductibles results in more money out-of-pocket if you have a claim. You should have enough money put aside in the event you have to pay the deductible to have repairs made.
The information below demonstrates how choosing different deductibles and can raise or lower Lexus ES 350 insurance prices for each different age category. The information is based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.
Rate comparison of full coverage and liability-only
The example below shows the difference between Lexus ES 350 car insurance costs when comparing full coverage to state minimum liability only. The premiums assume a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no additional discounts are factored in.
When to drop comprehensive and collision
There is no exact rule for phasing out physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s assume your Lexus ES 350 replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after paying your policy deductible. If premium cost is more than $400 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some cases where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should maintain full coverage.
Car insurance agents can help
Certain consumers would rather get advice from a local agent and that is OK! An additional benefit of comparing insurance prices online is that you can find the best rates and also buy local.
To make it easy to find an agent, after completing this form (opens in new window), the quote information is transmitted to insurance agents in Boston who will return price quotes to get your business. It’s much easier because you don’t need to leave your computer because prices are sent straight to your inbox. You can find lower rates without having to waste a lot of time. In the event you want to quote rates from a specific company, you can always go to their quote page and fill out the quote form the provide.
Finding a good provider should depend on more than just the price. Before buying a policy in Boston, get answers to these questions.
- Does the agency provide any after hours assistance?
- When do they do a full risk review?
- Do they receive special compensation for putting your coverage with one company over another?
- Do the agents have professional certifications like CPCU or CIC?
- Does the company use OEM repair parts?
- Is there a Errors and Omissions policy in force?
- Does the agency have a positive business rating?
If you are wanting to find a reliable insurance agent, it’s important to understand the different types of agencies and how they can write your policy. Car insurance agents are classified as either exclusive or independent.
Exclusive Insurance Agents
These agents have only one company to place business with and some examples include Allstate, State Farm and Farmers Insurance. Exclusive agents cannot shop your coverage around so they have no alternatives for high prices. These agents are usually well trained on their company’s products and that enables them to sell even at higher rates. Consumers often choose to use a exclusive agent primarily because of the brand legacy and solid financial strength.
Below are Boston exclusive agencies that are able to give rate quotes.
- Allstate Insurance: Abner Joseph
571 Dudley St Ste A – Boston, MA 02125 – (617) 442-9490 – View Map - AAA Boston
125 High St – Boston, MA 02110 – (617) 443-9300 – View Map
Independent Insurance Agents
Agents in the independent channel are not employed by any specific company and that enables them to quote your coverage with a variety of different insurance companies and help determine which has the cheapest rates. If your premiums go up, they simply move the coverage in-house and the insured can keep the same agent.
When comparing car insurance prices, you absolutely need to get rate quotes from at a minimum one independent agency for the best price selection. Most also have access to lesser-known insurance companies which may provide better rates.
The following is a short list of independent insurance agencies in Boston who can help you get price quote information.
- Flynn Insurance Agency, Inc.
30 Park St – Boston, MA 02129 – (617) 242-1200 – View Map - KW Insurance
1361 Cambridge St – Cambridge, MA 02141 – (617) 492-4150 – View Map - Thomas J. Bennett Insurance Agency
480 Washington St – Dorchester Center, MA 02124 – (617) 825-9676 – View Map
If you get good answers to any questions you may have as well as an affordable premium quote, most likely you have located an auto insurance agent that will provide car insurance coverage. Just be aware that you are entitled to cancel coverage whenever you want so don’t think you’re contractually obligated to any specific agency indefinitely.
Smart Consumers Know How to Quote Auto Insurance at a Discount
Lots of factors are part of the equation when quoting car insurance. Some are pretty understandable such as your driving record, but others are less obvious such as whether you are married or your vehicle rating. Part of the auto insurance buying process is learning some of the things that play a part in calculating your premiums. When you know what positively or negatively positively or negatively impacts your premiums, this enables informed choices that may result in better auto insurance rates.
Do males or females drive better? – Over the last 50 years, statistics have shown females are less aggressive when driving. This data doesn’t prove that males are worse at driving than females. Both genders have auto accidents in similar percentages, but the male of the species cause more damage. Men also tend to receive more costly citations such as reckless driving. Youthful male drivers generally have the highest accident percentage and therefore are the most expensive to insure.
The example below illustrates the difference between Lexus ES 350 auto insurance rates for male and female drivers. The premium estimates are based on no claims or driving violations, comp and collision included, $100 deductibles, drivers are single, and no other discounts are factored in.
How’s your driving record? – Having a single ticket can boost insurance rates twenty percent or more. Drivers with clean records pay lower auto insurance prices compared to bad drivers. Drivers who get multiple citations like DUI, reckless driving or excessive speeding might be required by their state to complete a SR-22 with their state DMV in order to prevent a license revocation.
The example below shows how violations and fender-benders influence Lexus ES 350 auto insurance rates for different age groups of insureds. Data assumes a single male driver, full coverage, $250 deductibles, and no policy discounts are applied.
Bundle policies to earn discounts – Lots of insurers provide better rates for people who consolidate policies with them. It’s known as a multi-policy discount. If you currently are using one company, consumers should still comparison shop to make sure you are getting the best deal.
Increase coverage deductibles and save – Comp and collision deductibles state the amount of money you are required to pay if a claim is determined to be covered. Insurance for physical damage to your car, aka comp and collision, insures against damage to your car. Examples of covered claims are a windshield broken by a bird, damage caused by hail, and having a roll-over accident. The larger the amount you’re willing to pay, the less money you will pay for auto insurance.
Lexus ES 350 statistical loss data – Companies study historical loss data in order to profitably underwrite each model. Models that have higher claim frequency or loss amount will cost more for coverage. The table below outlines the insurance loss data for Lexus ES 350 vehicles.
For each type of coverage, the statistical loss for all vehicles, as an average, is a value of 100. Percentage numbers below 100 imply a favorable loss record, while values that are above 100 point to more losses or statistically larger losses.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lexus ES 350 4dr | 126 | 79 | 160 | 91 | 100 | 78 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance is not optional
Despite the potentially high cost of Lexus ES 350 insurance, insuring your vehicle is required for several reasons.
- Most states have mandatory liability insurance requirements which means state laws require a specific level of liability insurance in order to license the vehicle. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you bought your ES 350 with a loan, most lenders will make it mandatory that you have physical damage coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the bank may buy a policy for your Lexus at a more expensive rate and force you to pay for it.
- Insurance safeguards both your Lexus ES 350 and your personal assets. It will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage will also pay for a defense attorney in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of having insurance are definitely more than the cost, particularly when you have a large claim. According to a recent study, the average American driver is overpaying over $850 per year so compare rates at least once a year to be sure current rates are still competitive.
You can lower your car insurance rates
Consumers leave their current company for a number of reasons such as not issuing a premium refund, lack of trust in their agent, policy cancellation and even high prices. Regardless of your reason for switching companies, finding the right car insurance provider can be easier than you think.
While you’re price shopping online, it’s a bad idea to skimp on coverage in order to save money. There are a lot of situations where consumers will sacrifice full coverage to discover at claim time that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage for the lowest cost but still have enough coverage for asset protection.
We just showed you a lot of tips how to find cheap Lexus ES 350 insurance in Boston. The key concept to understand is the more providers you compare, the higher the chance of saving money. You may even discover the biggest savings come from the smaller companies.
Additional car insurance information can be found at the links below
- Teen Driving and Texting (State Farm)
- What Insurance is Cheapest for 17 Year Olds in Boston? (FAQ)
- What Insurance is Cheapest for Safe Drivers in Boston? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Dodge Ram in Boston? (FAQ)
- How Much are Auto Insurance Quotes for Drivers Over Age 70 in Boston? (FAQ)
- Who Has Affordable Boston Car Insurance Quotes for a Nissan Altima? (FAQ)
- Who Has the Cheapest Auto Insurance for a Ford Explorer in Boston? (FAQ)
- Tread Depth and Tire Safety (State Farm)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Parking Tips to Reduce Door Dings (State Farm)