View 2010 Lexus IS 350 C Insurance Cost

Trying to find cheaper insurance coverage rates for your Lexus IS 350 C? No one likes buying insurance coverage, especially when their premiums are too high.

You have multiple auto insurance companies to insure vehicles with, and although it’s a good thing to be able to choose, lots of choices makes it harder to find the best rates for your vehicles.

It’s important to do rate comparisons on a regular basis because insurance coverage prices are rarely the same from one policy term to another. If you had the best rates for IS 350 C coverage last year the chances are good that you can find a lower premium rate today. There is a lot of bad information regarding insurance coverage out there, but in a few minutes you can learn some tested techniques to save money.

How your IS 350 C insurance premiums are determined

An important part of buying insurance is that you know a few of the rating criteria that play a part in calculating the rates you pay for auto insurance. If you have a feel for what determines premiums, this allows you to make good choices that can help you get big savings. Lots of things are used in the calculation when premium rates are determined. Most are fairly basic like an MVR report, but other criteria are less obvious like where you live or your commute time.

The list below includes some of the things used by your company to calculate your prices.

  • Bundle policies and save – Some insurers allow discounts to insureds that have more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s still a good idea to check prices from other companies to guarantee you are still saving the most. It’s possible to still save more without the discount by insuring with multiple companies.
  • Your location is important – Living in a small town may provide you with better prices if you are looking for the lowest rates. Lower population means less chance of accidents and a lower car theft rate. City drivers regularly have more aggressive driving styles and longer commutes to work. Longer commute distances means higher likelihood of an accident.
  • Additional coverages that may be costing you – There are quite a few optional add-on coverages that may not really be needed but may not be useful. Coverages for rental car reimbursement, death and dismemberment, and motor club memberships are some examples. You may think they are a good idea when discussing your needs, but your money might be better spent on other coverage so remove them and pocket the money.
  • Don’t abuse policy claims – Companies generally give the lowest premiums to drivers who file claims infrequently. If you are the type of insured that files lots of claims you can definitely plan on higher rates. Your insurance policy is intended for claims that you cannot pay yourself.
  • Pay less after the wedding – Getting married helps lower the price on your auto insurance bill. Having a spouse may mean you are more financially stable and statistics prove married drivers tend to file fewer claims.
  • Vehicles with better crash test results lower prices – Vehicles with high crash test scores get lower rates. The safest vehicles result in less severe injuries and fewer injuries means less claims paid and lower rates for you.
  • Theft deterrents systems cut auto insurance rates – Selecting a car model that has an advanced theft prevention system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your vehicle from being stolen.
  • Liability insurance risk factors in – Liability coverage kicks in if you are ruled to be at fault for causing personal injury or damage in an accident. Your liability coverage provides for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable when compared with rates for comp and collision, so do not cut corners here.

Car insurance quotes and discounts

Car insurance can be pricey, but there may be some discounts that many consumers don’t even know exist. Some discounts apply automatically at the time of quoting, but a few must be manually applied before you get the savings.

  • Discounts for Responsible Drivers – Drivers without accidents can pay as much as 50% less for IS 350 C coverage than drivers with accident claims.
  • Accident-Free Discounts – Insureds who avoid accidents and claims get the best car insurance rates when compared to accident-prone drivers.
  • Accident Waiver – This isn’t a discount exactly, but companies like Allstate and State Farm permit an accident before raising your premiums with the catch being you have to be claim-free for a particular time prior to the accident.
  • Own a Home and Save – Owning a house may trigger a policy discount on car insurance because of the fact that having a home shows financial diligence.
  • Professional Organizations – Having an affiliation with a qualifying organization could qualify you for a break when shopping for car insurance.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase auto and life insurance together.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or automatic seat belts could see savings as much as 30%.

It’s important to note that most credits do not apply to all coverage premiums. Most only apply to individual premiums such as liability, collision or medical payments. Even though it appears you can get free auto insurance, insurance companies wouldn’t stay in business.

A few companies that may include most of the discounts above may include but are not limited to:

Before purchasing a policy, check with each company or agent the best way to save money. Depending on the company, some discounts may not be offered in every state. If you would like to view insurers that offer many of these discounts, click here to view.

Are you falling for claims of savings?

State Farm, Allstate and Geico seem to constantly run television and radio advertisements. All the ads try to convey promises that you can save if you just switch your coverage. How does each company give you a better price? This is the trick they use.

Insurance coverage companies quote their cheapest rates for the type of customer that will most likely be profitable. For example, a preferred risk might be described as over the age of 35, owns their home, and drives less than 5,000 miles a year. A customer getting a price quote who matches that profile receives the best rates and therefore will pay quite a bit less when switching companies.

Drivers who don’t measure up to those standards may be required to pay higher prices with the end result being the customer buying from someone else. The ads state “drivers who switch” not “everybody who quotes” save that kind of money. This is how companies can truthfully advertise the way they do. Because every company is different, you should do a price quote comparison at every renewal. It’s just too difficult to predict with any certainty which company will have better rates than you’re paying now.

Situations that may require an agent’s advice

When buying the best insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Every insured’s situation is different and your policy should reflect that. For example, these questions can aid in determining if you might need professional guidance.

  • Is other people’s property covered if stolen from my vehicle?
  • What is UM/UIM insurance?
  • Who is covered by my policy?
  • Do I pay less if my vehicle is kept in my garage?
  • Does having multiple vehicles earn me a discount?
  • Should I buy only the required minimum liability coverage?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance companies in your area.

Auto insurance coverages and their meanings

Understanding the coverages of a auto insurance policy can help you determine the right coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement. These are typical coverage types found on the average auto insurance policy.

Collision – Collision coverage covers damage to your IS 350 C from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like rolling your car, scraping a guard rail, hitting a mailbox, colliding with a tree and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as chiropractic care, EMT expenses, surgery, doctor visits and nursing services. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability insurance – This can cover damage that occurs to a person or their property in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things such as emergency aid, loss of income and repair costs for stationary objects. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive protection – This pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from a tornado or hurricane, damage from getting keyed, rock chips in glass and a broken windshield. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus IS 350 C.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Have money to burn

Cheaper insurance can be found both online as well as from independent agents, so you need to shop insurance with both in order to have the best price selection to choose from. A few companies may not provide price quotes online and these smaller providers work with independent insurance agents.

We just covered some good ideas how to compare 2010 Lexus IS 350 C insurance prices online. The key thing to remember is the more rate quotes you have, the better likelihood of getting cheaper insurance. Drivers may discover the lowest prices are with a company that doesn’t do a lot of advertising. These companies may have significantly lower rates on certain market segments compared to the large companies like Progressive and Geico.

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