View 2003 Lexus IS 300 Car Insurance Rates

When trying to find cheaper insurance, are you intimidated by the dozens of car insurance providers available to you? Many other drivers are as well. Vehicle owners have such a vast assortment of providers available that it can easily become hard work to find a more affordable company.

It’s a great practice to do rate comparisons at least once a year since insurance prices trend upward over time. Just because you found the lowest rates on IS 300 coverage a few years ago you may be paying too much now. There is a lot of bad information regarding car insurance on the web, but we’re going to give you some of the best ways to stop overpaying for insurance.

If you are paying for car insurance now, you will be able to reduce your rates substantially using these tips. The purpose of this article is to familiarize you with the most effective way to quote insurance. But drivers must know the methods companies use to price insurance differently.

Affordable car insurance price quotes

There are a lot of ways to shop for car insurance, but there is one way that is more efficient than others. You could spend the better part of a day driving to agents in your area, or you can stay home and use online quotes to maximize your effort.

All the larger companies participate in an industry program that enables customers to enter their policy data once, and each company can give them a price based on that data. This system prevents you from having to do repetitive form submissions for each company you want a rate for. To find out what other companies charge click here to open in new window.

The only downside to using this type of system is that consumers can’t choose the providers you will receive quotes from. If you prefer to choose from a list of companies to compare, we have a listing of the cheapest car insurance companies in your area. Click to view list.

You can choose any of those ways to find more affodable coverage, but ensure you are comparing identical information for every company. If each company quotes different deductibles it’s not possible to find the best deal for your Lexus IS 300. Having just a slight variation in coverage limits could mean much higher rates. And when quoting car insurance, remember that more quotes provides better odds of finding a lower rate than you’re paying now. Not every company allows you to get price estimates online, so it’s important to compare prices on coverage from those companies, too.

Cheaper rates by taking advantage of discounts

Some insurance providers don’t always publicize the complete list of policy discounts very clearly, so the following list contains a few of the more common and the more hidden credits available to lower your premiums when you buy auto insurance online.

55 and Retired – Seniors may be able to get a discount up to 10% on IS 300 coverage.
Own a Home – Being a homeowner can get you a discount because it requires a higher level of personal finance.
Accident Free – Good drivers with no accidents get the best insurance coverage rates in comparison with drivers with a long claim history.
Military Deployment Discount – Having a family member in the military could be rewarded with lower prices.
Defensive Driving Course – Completing a driver safety class could earn you a small percentage discount depending on where you live.
Discounts for Safe Drivers – Drivers who avoid accidents could pay up to 40% less on IS 300 coverage than less cautious drivers.
Switch and Save Discount – Some insurance coverage companies give discounts for renewing your policy prior to your current policy expiration. You may see this discount when you get auto insurance quotes online.
Bundled Policy Discount – If you combine your homeowners and auto policies with the same company you could earn a discount of nearly 15% which can help you find the cheapest auto insurance.
Discount for Good Grades – Excelling in school can be rewarded with saving of up to 25%. Most companies allow this discount until age 25.
Theft Deterent System – Vehicles with anti-theft systems can help prevent theft and can earn a small discount on your policy.

We need to note that some credits don’t apply to your bottom line cost. Most only reduce individual premiums such as collision or personal injury protection. Even though the math looks like adding up those discounts means a free policy, nobody gets a free ride.

A few of the larger companies and their possible discounts are detailed below.

State Farm may offer discounts for Steer Clear safe driver discount, Drive Safe & Save, accident-free, safe vehicle, driver’s education, defensive driving training, and multiple policy.
Geico policyholders can earn discounts including federal employee, defensive driver, daytime running lights, driver training, and good student.
Allstate may include discounts for teenSMART discount, farm vehicle, multi-policy, new car, and economy car.
SAFECO may have discounts that include homeowner, teen safe driver, anti-lock brakes, teen safety rewards, and multi-car.
Farm Bureau offers discounts including multi-policy, driver training, youthful driver, safe driver, and multi-vehicle.
Progressive offers discounts for multi-policy, multi-vehicle, continuous coverage, online quote discount, homeowner, and good student.
AAA offers premium reductions for pay-in-full, multi-policy, AAA membership discount, good driver, education and occupation, and anti-theft.

When quoting, ask every prospective company which discounts you qualify for. Some credits may not apply to policyholders in your state. If you would like to view providers that have a full spectrum of discounts, click this link.

How much auto insurance do I need?

When choosing coverage for your vehicles, there isn’t really a “perfect” insurance plan. Every situation is different.

These are some specific questions can aid in determining if you might need professional guidance.

Can I make deliveries for my home business?
Who is covered when they drive my 2003 Lexus IS 300?
Why am I required to get a high-risk car insurance policy?
What is PIP insurance?
Can my teen driver be rated on a liability-only vehicle?
Do I need roadside assistance coverage?
Does my policy cover my teen driver if they drive my company car?
Does my personal policy cover me when driving out-of-state?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.

Auto insurance coverage information

Understanding the coverages of your policy helps when choosing the best coverages for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement.

Liability

This coverage can cover damage that occurs to other’s property or people. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims such as emergency aid, pain and suffering and court costs. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for short-term medical expenses such as dental work, rehabilitation expenses and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a mailbox, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive coverage

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like hail damage, damage from flooding, hitting a bird and hitting a deer. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.