2008 Lexus IS 250 Car Insurance Cost – 5 Ideas for Best Prices

Did you make the mistake of buying high-priced auto insurance? Don’t feel bad because many consumers are in the same pinch. Lots of car insurance companies contend for your business, so it can be very hard to choose a insurer to find the best price available.

If you have a current car insurance policy or need new coverage, you can use these techniques to reduce the price you pay while maintaining coverages. Buying car insurance is not rocket science. Drivers only need to know the most efficient way to compare company rates online.

The quickest method we recommend to compare policy rates is to know the trick almost all companies will pay a fee to quote your coverage. The only thing you need to do is give the companies some data including if you lease or own, your education level, your occupation, and any included safety features. That rating data is instantly submitted to many highly-rated insurers and they provide comparison quotes instantly to find the best rate.

Tailor your insurance coverage coverage to you

When it comes to buying the best insurance coverage coverage, there isn’t really a cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine whether your personal situation may require specific advice.

  • What if I owe more than I can insure my car for?
  • Does my insurance cover my expensive audio equipment?
  • How does medical payments coverage work?
  • What if I don’t agree with a claim settlement offer?
  • Is my teen driver covered when they drive my company car?
  • Does my insurance cover a custom paint job?
  • What discounts do I qualify for?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Specifics of your auto insurance policy

Knowing the specifics of your auto insurance policy aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are the usual coverages available from auto insurance companies.

Comprehensive protection

This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as fire damage, damage from flooding, damage from a tornado or hurricane and theft. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision insurance

This coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like driving through your garage door, backing into a parked car, hitting a parking meter, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Liability coverage

This protects you from injuries or damage you cause to other people or property that is your fault. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for things such as repair bills for other people’s vehicles, loss of income, court costs and structural damage. The amount of liability coverage you purchase is your choice, but buy as high a limit as you can afford.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for bills such as doctor visits, surgery and pain medications. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay