How many times have you told yourself it’s time to shop around for low-cost Lexus SC 430 insurance in Baltimore? When shopping for cheaper insurance, do you get confused by the dozens of auto insurance sources available to you? People have so many options that it is a lot of work to find the perfect company for you. If you live there, you know that Baltimore is a great city to live in, but expensive auto insurance premiums can make it nearly impossible to afford good insurance coverage.
Statistics show that a large majority of drivers kept their coverage with the same auto insurance company for four years or more, and approximately 40% of consumers have never compared auto insurance rates at all. Consumers in the United States can save hundreds of dollars each year just by getting comparison quotes, but they don’t want to spend time to compare other rate quotes.
When quoting car insurance, remember that comparing a wide range of rates gives you a better chance of getting the best offered rates.
The companies shown below can provide free quotes in Baltimore, MD. If you want to find cheap auto insurance in Maryland, we suggest you compare several of them to get the best price comparison.
Do you qualify for discounts?
Auto insurance companies don’t necessarily list every policy discount in a way that’s easy to find, so the list below contains a few of the more well known and the more hidden discounts you could be receiving when you buy Baltimore auto insurance online.
- No Charge for an Accident – Not a discount per se, but certain companies will let one accident slide before hitting you with a surcharge so long as you haven’t had any claims prior to being involved in the accident.
- Air Bag Discount – Vehicles equipped with air bags or motorized seat belts may qualify for discounts as much as 30%.
- Professional Organizations – Participating in certain professional organizations can get you a small discount on your next auto insurance statement.
- Distant Student – Older children who live away from home to go to college without a vehicle on campus could qualify for this discount.
- Discounts for Federal Employees – Federal government employees may qualify for a discount when you quote Baltimore auto insurance with select insurance companies.
We need to note that some of the credits will not apply to your bottom line cost. Some only reduce individual premiums such as collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, companies wouldn’t make money that way. Any amount of discount will positively reduce your overall premium however.
The information below illustrates the difference between Lexus SC 430 premium costs with and without discounts applied. The rate quotes are based on a female driver, no claims or driving violations, Maryland state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, safe-driver, claim-free, multi-policy, and homeowner discounts applied.
A few popular companies and a partial list of their discounts include:
- 21st Century has discounts for air bags, homeowners, automatic seat belts, defensive driver, and 55 and older.
- State Farm may have discounts that include anti-theft, Drive Safe & Save, good driver, defensive driving training, accident-free, student away at school, and good student.
- AAA policyholders can earn discounts including multi-policy, good driver, good student, AAA membership discount, and education and occupation.
- Liberty Mutual offers premium reductions for safety features, new graduate, hybrid vehicle, exclusive group savings, newly retired, and new vehicle discount.
- Progressive may include discounts for good student, multi-policy, homeowner, online quote discount, and continuous coverage.
When comparing rates, check with every insurance company which discounts can lower your rates. Some of the discounts discussed earlier might not be offered on policies in your state. To see insurers who offer online Lexus SC 430 insurance quotes in Maryland, click this link.
Rates and statistics
The data table displayed next outlines detailed analysis of policy rates for Lexus SC 430 models. Knowing how premiums are calculated can be of help when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| SC 430 2-Dr Convertible | $470 | $950 | $352 | $20 | $106 | $1,898 | $158 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rates do not factor in your specific Baltimore location which can impact auto insurance rates noticeably.
Physical damage deductible comparison
When buying auto insurance, a common question is where should you set your physical damage deductibles. The following insurance rates highlight the premium difference when you buy lower versus higher insurance deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| SC 430 2-Dr Convertible | $434 | $812 | $346 | $20 | $104 | $1,741 | $145 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| SC 430 2-Dr Convertible | $268 | $510 | $346 | $20 | $104 | $1,248 | $104 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Price information does not factor in specific zip code location which can affect auto insurance rates significantly.
Based on the figures above, using a $250 deductible could cost the average driver approximately $41 more each month or $492 for a full year than opting for the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 18 months between claim filings, you would most likely save money if you decide on a higher deductible.
The diagram below shows how choosing a deductible and can change Lexus SC 430 premium costs for each age group. The costs are based on a single female driver, full physical damage coverage, and no policy discounts are applied.
Premiums by gender and age
The illustration below visualizes the comparison of Lexus SC 430 insurance premiums for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are single, and no discounts are applied to the premium.
Should you buy full coverage?
The chart below illustrates the difference between Lexus SC 430 insurance costs with liability coverage only compared to full coverage. The prices are based on no accidents, no driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.
When to switch to liability coverage only
There is no written rule for eliminating physical damage coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Lexus SC 430 settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $6,000 after the policy deductible has been paid. If it’s costing in excess of $600 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some conditions where removing full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Maryland auto insurance companies
Ending up with a good quality company can be difficult considering how many companies there are in Maryland. The company information in the next section could help you analyze which providers you want to consider comparing rates from.
Top 10 Baltimore Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Get More Affordable Car Insurance with These Tips
Lots of factors are part of the calculation when quoting car insurance. A few of the factors are predictable such as your driving history, but other criteria are more obscure like where you live or your commute time. A large part of saving on car insurance is knowing some of the factors that are used to determine your premiums. When consumers understand what impacts premium levels, this helps enable you to make changes that can earn you lower car insurance prices.
The items below are some of the items used by your company to calculate rates.
Too many car insurance claims and you’ll pay more – If you file a lot of claims you can look forward to higher premiums or even policy non-renewal. Insurance companies in Maryland generally give cheaper rates to people who are claim-free. Auto insurance is designed for larger claims.
Affects performance affects auto insurance rates – The performance of the car, truck or SUV you need insurance for makes a significant difference in determining your rates. The cheapest insurance rates tend to be for economy passenger vehicles, but other factors influence the final cost greatly.
The chart below uses these assumptions: married male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It illustrates Lexus SC 430 policy rates compared to other models that have different performance risks.
Traffic violations cost more than a fine – Drivers with clean records have lower premiums than their less careful counterparts. Just one moving violation can bump up the cost by as much as thirty percent. Drivers who have gotten careless tickets like reckless driving, hit and run or driving under the influence may be required to prove financial responsibility with their state’s department of motor vehicles in order to prevent their license from being revoked.
The information below illustrates how traffic citations and at-fault fender-benders increase Lexus SC 430 premium costs for different age groups. The data assumes a married female driver, full coverage, $100 deductibles, and no discounts are taken into consideration.
How much liability – Liability coverage is the protection when you are found liable for damages from an accident. Liability insurance provides for a legal defense starting from day one. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
Additional coverages that may be costing you – There are many optional add-on coverages that you can get tricked into buying if you don’t pay attention. Insurance for things like roadside assistance, accidental death, and additional equipment coverage could be just wasting money. They may seem good when you first buy your policy, but now you might not need them so get rid of them and save.
Raise deductibles and save – Physical damage insurance, aka comp and collision, is used to repair damage to your vehicle. A few examples of covered claims are collision with another vehicle, vandalism, and damage from a fallen tree branch. Comp and collision deductibles are the amount of money you are required to spend out-of-pocket before your car insurance pays a claim. The higher the amount you are required to pay out-of-pocket, the lower your rates will be.
Save mileage and save money – The more you drive your Lexus every year the higher the price you pay to insure it. A lot of insurance companies rate vehicles determined by how the vehicle is used. Autos not used for work or commuting can be on a lower rate level than those that get driven frequently. An improperly rated SC 430 may be costing you higher rates. It’s a smart idea to ensure your car insurance policy reflects the correct usage, because improper ratings can cost you money.