2013 Lexus IS 250 Insurance Rates – 9 Savings Tips

Having to pay for overpriced car insurance can take a big chunk out of your savings account and make it hard to pay other bills. Getting a rate comparison can save money and help to make ends meet.

Insurance companies such as Geico, Progressive and Allstate all claim big savings, bombarding you with ads and it is challenging if not impossible to see through the cute green geckos and mayhem and find the best price available.

Consumers should take time to quote other rates before your policy renews because car insurance prices are constantly changing. Despite the fact that you may have had the lowest rates on IS 250 coverage a few years ago you can probably find a better rate quote now. There is too much inaccurate information about car insurance online but I’m going to show you some of the best techniques to put money back in your pocket.

If you are insured now or are shopping for new coverage, you can use these tips to get lower rates and still get good coverage. Finding affordable coverage is not that difficult. Drivers just need to understand the proper way to buy auto insurance online.

Compare insurance rates

Finding low cost insurance prices can be quick and easy. The only requirement is to spend a little time comparing rate quotes from online providers. This can be accomplished by using one of the methods below.

  • The easiest and least time consuming way to find the lowest comparison rates is a comparison rater form like this one (opens in new window). This type of form keeps you from doing a different quote for every insurance company. Taking the time to complete one form compares rates from all major companies.
  • A harder way to obtain and compare quotes online is to take the time to go to each company’s website and go through the quote process again. For instance, we’ll assume you want to compare Allstate, Esurance and Progressive. In order to get each rate, you would have to navigate to each company’s site to enter the same coverage data repeatedly, which is why first method is reommended. For a list of companies in your area, click here.

It’s up to you how you get prices quotes, just try to use identical coverage data on every quote you get. If you compare different deductibles it will be very difficult to determine which company has the best rates.

Get cheaper car insurance with discounts

Insuring your vehicles can cost a lot, but companies offer discounts that many consumers don’t even know exist. Some discounts apply automatically at the time of purchase, but lesser-known reductions have to be specifically requested prior to receiving the credit.

  • Government Employee Discount – Having worked for a branch of the government may qualify for a discount when you quote car insurance on IS 250 coverage with some car insurance companies.
  • Home Ownership Discount – Being a homeowner may trigger a policy discount on car insurance because maintaining a house requires a higher level of personal finance.
  • Military Rewards – Being on active deployment in the military may lower your rates slightly.
  • Smart Student Discounts – Maintaining excellent grades can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • ABS Braking Discount – Cars that have steering control and anti-lock brakes have fewer accidents and the ABS can save up to 10%.
  • Data Collection Discounts – Policyholders that allow companies to look at driving habits by using a small device installed in their vehicle like Allstate’s Drivewise could see a rate decrease if they exhibit good driving behavior.
  • Discounts for Cautious Drivers – Drivers who avoid accidents may receive a discount up to 45% on IS 250 coverage than drivers with accidents.
  • Driver’s Education for Students – Have your child complete a driver education course as it will make them better drivers and lower rates.
  • Pay Upfront and Save – If paying your policy premium upfront rather than paying in monthly installments you can actually save on your bill.

Remember that most credits do not apply to the entire cost. Most only reduce specific coverage prices like liability and collision coverage. So when the math indicates you could get a free car insurance policy, companies don’t profit that way.

If you would like to choose from a list of providers who offer online car insurance quotes, click here to view.

Tailor your auto insurance coverage to you

When it comes to choosing adequate coverage, there really is not a “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover whether or not you would benefit from an agent’s advice.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Am I covered when driving in Canada or Mexico?
  • Are split liability limits better than a combined single limit?
  • Who is covered by my policy?
  • What companies insure drivers after a DUI or DWI?
  • Is my 2013 Lexus IS 250 covered for flood damage?
  • What if I don’t agree with a claim settlement offer?
  • Can my teen drive my company car?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

Auto insurance coverage basics

Having a good grasp of auto insurance can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages found on the average auto insurance policy.

Comprehensive coverages

This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like a broken windshield, hitting a deer, damage from getting keyed, rock chips in glass and a tree branch falling on your vehicle. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like pain medications, X-ray expenses, surgery, funeral costs and doctor visits. They are used in conjunction with a health insurance program or if you do not have health coverage. They cover all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision protection

Collision coverage will pay to fix damage to your IS 250 resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like rolling your car, crashing into a ditch and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible in order to get cheaper collision rates.

Liability car insurance

Liability insurance protects you from damage that occurs to other people or property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Some companies may use a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things like bail bonds, pain and suffering and medical expenses. How much coverage you buy is your choice, but you should buy as much as you can afford.

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

You can do this!

As you shop your coverage around, it’s very important that you do not buy lower coverage limits just to save a few bucks. Too many times, consumers will sacrifice comprehensive coverage or liability limits and learned later they didn’t purchase enough coverage. Your objective should be to purchase a proper amount of coverage at the best price but still have enough coverage for asset protection.

Some insurance providers do not offer internet price quotes and these small, regional companies only sell coverage through independent agents. Lower-priced insurance can be purchased from both online companies in addition to many insurance agents, so compare prices from both so you have a total pricing picture.

Additional insurance information is available on the following sites: