2011 Lexus IS 350 Insurance Rates

Are you kicking yourself for buying an expensive insurance policy? Believe me when I say there are many consumers feeling the pinch from expensive insurance.

You have multiple car insurance companies to buy insurance from, and though it is a good thing to have a selection, lots of choices makes it harder to get the best deal.

How to buy insurance coverage

Many insurance companies make it easy to get insurance quotes online. Getting prices online is pretty painless because it’s just a matter of typing in your personal and coverage information as requested by the quote form. After the form is submitted, the system sends out for your driving record and credit report and quotes a price based on these and other factors. Online quotes makes it easy to compare insurance prices but the time required to go to different websites and type in the same information is monotonous and tiresome. But it’s absolutely necessary to perform this step in order to find the best price on insurance coverage.

Compare rates the easy way

An easier way to locate the lowest prices is to use a quote form to obtain quotes from a bunch of companies at once. This type of form saves time, requires much less work on your part, and makes quoting online much easier to do. Once the form is submitted, your coverage is rated and you can select your choice of the returned quotes. If one or more price quotes are lower than your current rates, you can click and sign and buy the policy. The whole process just takes a couple of minutes and may result in a nice savings.

If you want to compare pricing, click here to open in a new tab and fill out the form. If you have coverage now, it’s recommended you replicate coverages and limits exactly as they are listed on your policy. This makes sure you will have rate comparison quotes using the exact same coverages.

Get affordable insurance quotes with discounts

Some providers do not advertise the entire discount list very well, so the list below contains both well-publicized as well as some of the hidden discounts that you can inquire about if you buy car insurance online.

  • Good Grades Discount – Excelling in school can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • Payment Discounts – By making one initial payment rather than paying in monthly installments you could save 5% or more.
  • Membership in Organizations – Being a member of qualifying employment or professional organizations is a simple method to lower premiums on your policy.
  • Drive Less and Save – Driving fewer miles could be rewarded with lower premium rates due to less chance of an accident.
  • Anti-lock Brake System – Cars, trucks, and SUVs with anti-lock braking systems are much safer to drive and qualify for as much as a 10% discount.

Please keep in mind that most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. But all discounts will lower your premiums.

To choose companies with the best insurance discounts, follow this link.

Learn how to lower your insurance rates

Many things are used in the calculation when pricing auto insurance. Some of the criteria are obvious such as traffic violations, although others are not quite as obvious such as your marital status or your financial responsibility.

Listed below are some of the items used by companies to determine your rates.

  • Driver age impacts prices – Youthful drivers are statistically proven to be inattentive with other occupants in the car so they pay higher insurance coverage rates. Having to add a first-time driver onto your insurance coverage can break the bank. Older, more experienced drivers are proven to be safer behind the wheel, tend to cause fewer accidents .
  • Liability coverage is critical – Liability insurance kicks in if you are found liable for personal injury or accident damage. Your policy’s liability insurance provides you with a defense in court to defend your case. This coverage is relatively inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
  • Safer vehicles lower prices – Cars with high safety ratings are cheaper to insure. These vehicles protect occupants better and lower injury rates translates into fewer and smaller insurance claims and lower rates for you.
  • Do you need those incidental coverages? – There are a ton of extra bells and whistles you can purchase if you aren’t diligent. Add-on coverages like roadside assistance, high-cost glass coverage, and extra life insurance coverage may be costing you every month. These coverages may sound good when you first buy your policy, but if they’re wasting money consider taking them off your policy.

Tailor your insurance coverage to you

When it comes to choosing coverage, there is no one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if you would benefit from an agent’s advice.

  • Should I carry comprehensive and collision coverage?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do I need special endorsements for business use of my vehicle?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Why am I required to buy liability insurance?
  • Can I afford to pay high deductible claims out of pocket?
  • Should I buy full coverage?
  • Can I afford low physical damage deductibles?

If you’re not sure about those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier

Car insurance in the media

Big name companies like Allstate and Progressive regularly use television, radio, and online ads. All the companies make an identical promise that you can save after switching to them. How does every company cost less than your current company? Just pay attention to how they say it.

Car insurance companies have a certain “appetite” for the type of customer that will be a good risk. For example, this type of insured might be a mature driver, carries high limits, and drives less than 5,000 miles a year. Any driver who fits that profile receives the best rates and will save quite a bit of money when switching.

Potential insureds who do not match those criteria will probably have to pay higher premiums which usually ends up with the customer buying from someone else. The trick is to say “customers that switch” but not “all drivers who get quotes” can get the lowest rates when switching. That’s why insurance companies can confidently advertise the way they do. Because of these techniques, you should get a wide range of price quotes. You cannot predict with any certainty which company will provide you with the cheapest prices.

Auto insurance policy coverages for a Lexus IS 350

Learning about specific coverages of your auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. These are the usual coverages available from auto insurance companies.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for expenses such as EMT expenses, ambulance fees, funeral costs, nursing services and dental work. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from getting keyed, a broken windshield, hitting a bird, hail damage and theft. The maximum amount your auto 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 not worth carrying full coverage.

Auto liability insurance

This provides protection from damages or injuries you inflict on other people or property that is your fault. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

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 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability can pay for things such as medical expenses, emergency aid, pain and suffering, repair bills for other people’s vehicles and structural damage. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Lexus IS 350.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Collision insurance

Collision insurance covers damage to your IS 350 from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Compare but don’t skimp

As you shop your coverage around, don’t be tempted to sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. Your aim should be to buy enough coverage at the best possible price while not skimping on critical coverages.

In this article, we covered a lot of information how to compare 2011 Lexus IS 350 insurance car insurance rates online. The key concept to understand is the more times you quote, the better your comparison will be. You may even discover the lowest car insurance rates come from the least-expected company. Regional companies can often provide lower premium rates in certain areas than the large multi-state companies such as Allstate and Progressive.

Even more information can be read at these sites: