We don’t have to point out that fact that car insurance companies don’t want you to look at other companies. Consumers who get comparison quotes at least once a year will, in all likelihood, switch to a new company because there is a high probability of finding a lower-priced policy. A recent survey discovered that people who shopped around annually saved over $3,450 over four years compared to drivers who never shopped around for cheaper prices.
If finding the cheapest price on Lexus RC F insurance in Virginia Beach is your ultimate objective, learning how to shop and compare coverage rates can help simplify the process.
Really, the only way to get cheaper car insurance rates is to regularly compare price quotes from providers in Virginia Beach. You can compare prices by following these steps.
- First, get an understanding of the different coverages in a policy and the things you can change to drop your rates. Many policy risk factors that increase rates such as at-fault accidents and poor credit rating can be improved by paying attention to minor details.
- Second, compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO and Allstate, while independent agencies can quote rates for a wide range of insurance providers.
- Third, compare the new rate quotes to your existing coverage 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.
- Fourth, notify your current company of your decision to cancel your current policy and submit any necessary down payment along with the completed application to the new company. Don’t forget to put the certificate verifying coverage in an accessible location in your vehicle.
The key aspect of shopping around is to compare the same liability limits and deductibles on every quote request and and to get price quotes from as many carriers as you can. Doing this enables a fair price comparison and a good representation of prices.
Locating the best rates in Virginia Beach is actually very simple if you learn how to start. Essentially everyone who needs lower cost auto insurance should get better rates. But Virginia consumers need to learn how big insurance companies calculate your auto insurance rates because rates are impacted by many factors.
Car insurance discounts help lower rates for Lexus RC F insurance in Virginia Beach
The cost of insuring your cars can be expensive, but there’s a good chance there are discounts to help bring down the price. Larger premium reductions will be automatically applied when you purchase, but occasionally some discounts must be requested specifically before they will apply.
- Active Military Service – Being on active duty in the military may lower your car insurance rates slightly.
- Multiple Cars – Buying coverage for more than one vehicle on one policy may reduce the rate for each vehicle.
- Theft Prevention System – Cars optioned with advanced anti-theft systems help deter theft and that can save you a little bit as well.
- Mature Driver Discount – Seniors may receive a small decrease in premiums.
- Drivers Education – Require your teen driver to take driver’s ed class in high school.
- Own a Home and Save – Owning your own home or condo can help you save on car insurance since owning and maintaining a home is proof that your finances are in order.
As is typical with insurance, some of the credits will not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. If you do the math and it seems like you could get a free car insurance policy, companies wouldn’t make money that way. Any qualifying discounts will reduce the cost of your policy.
A list of car insurance companies and their possible discounts are outlined below.
- GEICO includes discounts for defensive driver, good student, anti-lock brakes, military active duty, five-year accident-free, air bags, and multi-vehicle.
- Mercury Insurance offers premium reductions for professional/association, annual mileage, multi-car, multi-policy, good driver, location of vehicle, and good student.
- Farmers Insurance has discounts for youthful driver, alternative fuel, good student, distant student, and multi-car.
- Auto-Owners Insurance may offer discounts for paid in full, multiple vehicles, good student, safe driver, paperless, and anti-lock brakes.
- Liberty Mutual may have discounts that include new vehicle discount, preferred payment discount, newly retired, multi-policy, and safety features.
- SAFECO may include discounts for drive less, teen safety rewards, anti-lock brakes, multi-car, accident prevention training, homeowner, and teen safe driver.
- Progressive has savings for homeowner, multi-vehicle, online signing, multi-policy, online quote discount, and good student.
- USAA offers discounts including safe driver, annual mileage, defensive driver, driver training, and good student.
Before purchasing a policy, check with every company how you can save money. Some discounts might not apply in every state. If you would like to view car insurance companies who offer cheap Lexus RC F insurance quotes in Virginia Beach, click this link.
The quickest way to compare rate quotes for Lexus RC F insurance in Virginia Beach takes advantage of the fact all the major auto insurance companies allow for online access to compare rate quotes. To get started, all you need to do is give them some information like if a SR-22 is needed, how you use your vehicles, how much education you have, and driver details. Your rating data is submitted instantly to multiple different insurance companies and they return cost estimate instantly to find the best rate.
If you wish to get multiple quotes for your Lexus RC F now, click here and complete the form.
The companies shown below offer price quotes in Virginia. If multiple companies are listed, we recommend you visit several of them to get the best price comparison.
Five Things That Impact Your Insurance Rates
The best way to find cheaper insurance is to take a look at a few of the rating criteria that go into determining the rates you pay for insurance. If you know what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to cheaper rates. Multiple criteria are used when quoting car insurance. Some are pretty understandable like your driving record, although others are more transparent like your continuous coverage or your financial responsibility.
Shown below are just a few of the factors used by insurance companies to determine prices.
Men drivers tend to cost more – Statistics demonstrate women are more cautious behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. Both genders tend to get into fender benders in similar percentages, but the men tend to have higher claims. They also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly.
Be proud to be claim-free – If you’re an insured who likes to file claims you can look forward to higher premiums or even policy non-renewal. Companies in Virginia give discounts to people who do not rely on their insurance for small claims. Your car insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
Tickets and citations cost more than a fine – Even a single moving violation could increase your next policy renewal to the point where it’s not affordable. Drivers with clean records pay lower auto insurance prices than their less careful counterparts. Drivers who have received careless violations like reckless driving or DUI might be required by their state to file a SR-22 with their state’s department of motor vehicles in order to keep their license.
What’s your car’s crash test rating? – Vehicles that have high safety ratings cost less to insure. These vehicles result in less severe injuries and lower rates of occupant injuries translates directly to fewer claims and thus lower rates. If your Lexus RC F has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
Raise your physical damage deductibles for better prices – Physical damage coverage, aka comp and collision, is used to repair damage to your vehicle. A few examples of covered claims are collision with another vehicle, hail damage, and having your car stolen. Deductibles for physical damage tell how much you are required to pay if the claim is covered. The more of the claim you’re willing to pay, the less your company will charge you for insurance.
Local Virginia Beach auto insurance agents and insurance
Many people prefer to talk to an insurance agent and that is OK! A nice benefit of comparing rates online is you can get lower prices and still have an agent to talk to.
After filling out this simple form, your insurance coverage information is transmitted to participating agents in Virginia Beach who will give you quotes to get your business. You don’t have to leave your computer because prices are sent immediately to your email address. It’s the lowest rates and a licensed agent to talk to. If for some reason you want to compare rates from a specific insurance company, you just need to go to their quote page and complete a quote there.
Selecting an company shouldn’t rely on just the quoted price. These are some valid questions you should ask.
- Are there any discounts that you might be missing?
- Do they make recommendations based only on price?
- What insurance companies do they recommend if they are an independent agent?
- If you raise deductibles, how much can you save?
- Are they able to influence company decisions when a claim is filed?
- Is the agent properly licensed in Virginia?
- What is the financial rating for the quoted company?
When finding a local Virginia Beach insurance agency, there are a couple of types of agencies and how they can quote your rates. Insurance agents can be categorized as either independent agents or exclusive agents.
Exclusive Insurance Agents
Agents that choose to be exclusive generally can only insure with one company like Allstate, AAA, Farmers Insurance, and State Farm. They usually cannot compare rates from other companies so keep that in mind. Exclusive agents are highly trained on their company’s products which can be an advantage. A lot of people choose to use a exclusive agent mainly due to the brand and strong financial ratings.
Shown below is a short list of exclusive insurance agencies in Virginia Beach that are able to give price quotes.
- Paula Rosati – State Farm Insurance Agent
4221 Pleasant Valley Rd #108 – Virginia Beach, VA 23464 – (757) 467-4300 – View Map - Lee Barnes – State Farm Insurance Agent
1625 Salem Rd Ste 103 – Virginia Beach, VA 23456 – (757) 467-8890 – View Map - Stephanie Langkil – State Farm Insurance Agent
5441 Virginia Beach Blvd #115 – Virginia Beach, VA 23462 – (757) 499-3411 – View Map
Independent Agents
These type of agents can quote rates with many companies and that allows them to write policies through many different insurance companies and help determine which has the cheapest rates. If your premiums go up, the agent simply finds a different carrier without you having to go to a different agency. When comparing insurance prices, you should always compare quotes from a couple of independent agencies so that you can do a thorough price comparison. Most also write with smaller mutual companies that can offer cheaper rates than bigger companies.
The following are Virginia Beach independent insurance agents that are able to give price quote information.
- Nationwide Insurance: Guzman Insurance Agency Inc
1920 Centerville Turnpike Ste 97 – Virginia Beach, VA 23464 – (757) 479-0551 – View Map - Bordeaux Insurance Agency
4654 Haygood Rd – Virginia Beach, VA 23455 – (757) 460-6220 – View Map - The Coelho insurance agency
800 Seahawk Cir #142 – Virginia Beach, VA 23452 – (757) 437-9647 – View Map
Auto insurance does more than just protect your car
Despite the high insurance cost for a Lexus RC F in Virginia Beach, insuring your vehicle may be required and benefits you in several ways.
- Just about all states have compulsory liability insurance requirements which means state laws require a minimum amount of liability protection if you don’t want to risk a ticket. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you took out a loan on your Lexus RC F, most lenders will make it a condition of the loan that you have full coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender will be forced to insure your Lexus at a much higher rate and force you to pay the higher price.
- Auto insurance protects both your vehicle and your personal assets. It will also reimburse you for most medical and hospital costs that are the result of an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your RC F are without a doubt worth the cost, especially when you need to use it. Despite what companies tell you, the average driver is overpaying more than $865 each year so compare rates at every policy renewal to save money.
Shop smart and save
When searching for low cost Virginia Beach auto insurance quotes, don’t be tempted to skimp on coverage in order to save money. In too many instances, someone sacrificed liability limits or collision coverage and found out when filing a claim that it was a big mistake. The goal is to buy the best coverage you can find at the best price.
People who switch companies do it for any number of reasons including unfair underwriting practices, not issuing a premium refund, being labeled a high risk driver and denial of a claim. Whatever your reason, choosing a new insurance company is less work than it seems.
You just learned a lot of information how to lower your Lexus RC F insurance car insurance rates in Virginia Beach. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. You may even discover the best car insurance rates are with a smaller regional carrier.
Other articles
- Insurance Losses by Make and Model (iihs.org)
- How Much are Car Insurance Rates for Drivers Requiring a SR22 in Virginia Beach? (FAQ)
- What Car Insurance is Cheapest for 18 Year Olds in Virginia Beach? (FAQ)
- Who Has Affordable Virginia Beach Auto Insurance for Drivers Over Age 50? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Nissan Rogue in Virginia Beach? (FAQ)
- Alcohol Impaired Driving FAQ (iihs.org)
- Tools for Teen Driving Safety (State Farm)
- Reducing Your Risks in a Car Crash Video (iihs.org)