How Much Does 2010 Lexus IS 350 Insurance Cost?

Trying to find cheaper car insurance rates for your Lexus IS 350? Searching for cheaper insurance for a new or used Lexus IS 350 can turn out to be difficult, but you can learn the following methods to save time. There are more efficient ways to find car insurance online so we’re going to tell you the best way to quote coverages on a Lexus and locate the lowest possible price from both online companies and local agents.

Get lower-cost insurance prices by understanding these factors

Many different elements are part of the equation when pricing auto insurance. A few of the factors are predictable such as traffic violations, but others are not as apparent like your continuous coverage or your commute time.

Shown below are some of the factors companies use to determine rates.

  • Deter theft and save – Purchasing a vehicle with anti-theft technology or alarm system can help bring down rates. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent auto theft.
  • Married drivers pay less – Walking down the aisle actually saves money when buying car insurance. Having a spouse means you’re more mature and responsible and insurance companies like that being married results in fewer claims.
  • Vehicles with better crash test results cost less to insure – Safe vehicles can get you lower premiums. Highly rated vehicles reduce the chance of injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims and thus lower rates. If the Lexus IS 350 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
  • A lcar insurance policy lapse is a bad thing – Driving your car without having proper coverage can get your license suspended and you will pay a penalty because you let your coverage have a gap. Not only will you pay more, the inability to provide proof of insurance will get you fines and jail time. You may have to file a SR-22 with your state motor vehicle department.

Save money with discounts

Car insurance is easily one of your largest bills, but there are discounts available that could drop your premiums quite a bit. A few discounts will be applied when you purchase, but some discounts are required to be specially asked for before being credited.

  • Life Insurance Discount – If the company offers life insurance, you could get a discounted price on car insurance if you buy a life insurance policy as well.
  • Discount for Multiple Policies – If you can bundle your home and auto insurance with one insurance company you could get a discount of up to 20% off your total premium.
  • 55 and Retired – Mature drivers can possibly qualify for reduced rates for IS 350 coverage.
  • Distant Student – Any of your kids living away from home attending college without a vehicle on campus could get you a discount.
  • Multiple Vehicles – Having multiple vehicles on one policy can reduce the rates for all insured vehicles.

You can save money using discounts, but most of the big mark downs will not be given to all coverage premiums. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, it’s just not the way it works.

Popular car insurance companies and a selection of discounts can be found below.

  • Progressive offers premium reductions for online signing, online quote discount, multi-vehicle, good student, multi-policy, and continuous coverage.
  • AAA has discounts for pay-in-full, good driver, AAA membership discount, education and occupation, good student, multi-policy, and multi-car.
  • Farmers Insurance policyholders can earn discounts including bundle discounts, mature driver, distant student, electronic funds transfer, youthful driver, and business and professional.
  • Geico offers discounts for federal employee, seat belt use, daytime running lights, five-year accident-free, good student, air bags, and emergency military deployment.
  • Esurance has savings for homeowner, online shopper, claim free, online quote, DriveSense, and multi-car.
  • SAFECO discounts include teen safety rewards, anti-theft, drive less, homeowner, multi-car, and teen safe driver.
  • State Farm may have discounts that include Steer Clear safe driver discount, multiple policy, multiple autos, safe vehicle, passive restraint, and good student.

When getting a coverage quote, ask each insurance company which discounts you qualify for. A few discounts may not apply to policies in your area. If you would like to see a list of insurers that offer multiple discounts, click this link.

Save $466 a year. For real?

Drivers can’t ignore all the ads that promise big savings for switching from the likes of State Farm, Allstate and Geico. All the ads convey the message that drivers will save a bundle just by switching your coverage.

But how can every company say the same thing? Here is the trick they use.

Different companies are able to cherry pick for the type of driver that earns them the most money. For instance, a profitable customer may be over age 30, has no claims, and has excellent credit. Someone who fits that profile will get a cheap rate quote and will probably cut their rates substantially.

Drivers who do not match those standards must pay higher premium rates with the end result being the driver buying from a lower-cost company. The wording the ads use say “people who switch” not “everyone who quotes” can get the lowest rates when switching. That’s why insurance companies can confidently make those claims. This illustrates why it’s extremely important to do a price quote comparison at every renewal. You cannot predict which insurance companies will provide the lowest premium rates.

What is the best auto insurance coverage?

When buying proper insurance coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s needs are different.

For example, these questions could help you determine whether your personal situation would benefit from professional advice.

  • Does coverage extend to my business vehicle?
  • What discounts do I qualify for?
  • Am I covered when pulling a rental trailer?
  • When would I need additional glass coverage?
  • Is my cargo covered for damage or theft?
  • How many claims can I have before being cancelled?
  • Is my custom paint covered by insurance?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, free and you can get the answers you need.

Insurance coverages explained

Having a good grasp of a insurance policy can help you determine which coverages you need and the correct deductibles and limits. Insurance terms can be ambiguous and nobody wants to actually read their policy.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP reimburse you for bills for things like dental work, EMT expenses, ambulance fees and chiropractic care. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

Collision coverage covers damage to your IS 350 from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as crashing into a building, sustaining damage from a pot hole, sideswiping another vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Auto liability

This can cover injuries or damage you cause to other people or property in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability can pay for claims like medical expenses, medical services and loss of income. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus IS 350.

Since many drivers 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 auto coverage

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as fire damage, falling objects, a tree branch falling on your vehicle and a broken windshield. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

The best insurance company isn’t always the cheapest

Drivers who switch companies do it for many reasons like denial of a claim, high rates after DUI convictions, lack of trust in their agent or poor customer service. It doesn’t matter what your reason, finding a new insurance company is actually quite simple.

Some insurance providers may not offer internet price quotes and many times these small, regional companies provide coverage only through independent insurance agents. Cheaper insurance can be found on the web as well as from independent agents, so you need to compare both to have the best chance of lowering rates.

While you’re price shopping online, it’s a bad idea to skimp on coverage in order to save money. Too many times, someone dropped physical damage coverage and learned later that the small savings ended up costing them much more. Your aim should be to purchase a proper amount of coverage at the best cost and still be able to protect your assets.

Much more information about insurance can be read at the links below