2015 Lexus IS 350 Insurance Cost

Locating cheaper insurance for a new or used Lexus IS 350 can turn out to be a painful process, but you can follow a few tricks to make it easier.

There is a right way and a wrong way to shop for car insurance so you’re going to learn the quickest way to quote coverages for a new or used Lexus and locate the lowest price.

Smart consumers take time to do rate comparisons periodically because car insurance prices fluctuate regularly. If you had the best rates on IS 350 insurance on your last policy other companies may now be cheaper. Block out anything you think you know about car insurance because we’re going to show you the proper way to reduce your cost while increasing coverage.

Get cheaper car insurance with discounts

Car insurance is not an enjoyable expense, but companies offer discounts to cut the cost considerably. A few discounts will be applied at the time of quoting, but some need to be specifically requested prior to receiving the credit.

  • Multi-Vehicle Discounts – Drivers who insure multiple vehicles on one policy can reduce the rates for all insured vehicles.
  • Distant College Student Discount – Older children who live away from home at college and do not take a car to college can receive lower rates.
  • Service Members Pay Less – Being on active duty in the military can result in better prices.
  • Cautious Drivers – Drivers without accidents could pay up to 40% less on IS 350 insurance than less cautious drivers.
  • Own a Home and Save – Owning a house can help you save on car insurance due to the fact that maintaining a home demonstrates responsibility.
  • First Accident Forgiveness – Not a discount per se, but a few companies such as Geico, Progressive, and Allstate will turn a blind eye to one accident before hitting you with a surcharge so long as you haven’t had any claims prior to being involved in the accident.

Just know that some credits don’t apply the the whole policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, you aren’t that lucky.

A list of companies and a partial list of their discounts can be read below.

  • State Farm has savings for passive restraint, good driver, Drive Safe & Save, Steer Clear safe driver discount, accident-free, safe vehicle, and good student.
  • Esurance may have discounts that include online quote, multi-car, good student, emergency road assistance, Pac-12 alumni, anti-lock brakes, and DriveSense.
  • Progressive offers premium reductions for homeowner, multi-policy, online quote discount, online signing, continuous coverage, and good student.
  • Liberty Mutual offers discounts including exclusive group savings, preferred payment discount, newly married, newly retired, multi-policy, and new vehicle discount.
  • Auto-Owners Insurance has discounts for multi-policy, mature driver, paperless, multiple vehicles, group or association, and safe driver.
  • Geico may offer discounts for five-year accident-free, multi-policy, air bags, defensive driver, anti-lock brakes, and driver training.

If you need cheap insurance coverage quotes, ask every prospective company which credits you are entitled to. Some credits might not be offered in your area. To find providers that provide some of the discounts listed above, follow this link.

Get lower-cost insurance prices by understanding these factors

One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that come into play when calculating your policy premiums. When you know what positively or negatively determines premiums, this enables you to make decisions that can help you get cheaper rates.

Shown below are some of the most common factors utilized by car insurance companies to help set premiums.

  • Don’t abuse policy claims – Insurance companies award the lowest premiums to drivers that do not abuse their auto insurance. If you’re an insured who likes to file claims you can expect higher rates. Insurance coverage is meant to be used in the event of larger claims.
  • Don’t skimp on liability coverage – Liability insurance will protect you if you are found liable for causing personal injury or damage in an accident. Your policy’s liability insurance provides for a legal defense which can be incredibly expensive. Liability is cheap compared to physical damage coverage, so insureds should have plenty of protection for their assets.
  • City dwellers may pay more – Choosing to live in less populated areas can save you money when shopping for auto insurance. Residents of big cities have to deal with more traffic problems and a longer drive to work. Fewer drivers means a lower chance of having an accident and lower theft and vandalism rates.
  • Single vs. married – Your spouse may earn you lower rates compared to being single. Having a significant other is viewed as being less irresponsible and it’s proven that drivers who are married are more cautious.
  • Does insurance coverage cost less for women? – Over time, data shows that females take fewer risks when driving. The data does not necessarily mean that females are better at driving than males. Men and women cause auto accidents at about the same rate, but men cause more damage. They also get more serious tickets like DWI (DUI) or reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore are the most expensive to insure.
  • Responsible drivers have lower costs – A bad driving record has a big impact on rates. Even one ticket can boost insurance rates twenty percent or more. Good drivers pay less for auto insurance compared to bad drivers. People who have license-revoking violations like DUI or willful reckless driving may find they need to complete a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.

Tailor your insurance coverage to you

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

These are some specific questions may help highlight if you may require specific advice.

  • Does my policy cover me when driving someone else’s vehicle?
  • Does my personal policy cover me when driving out-of-state?
  • Does medical payments coverage apply to all occupants?
  • Am I covered when driving on a suspended license?
  • Is extra glass coverage worth it?
  • When should I not file a claim?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Do car insurance companies bend the truth?

Consumers can’t avoid all the ads that promise big savings by Progressive, Allstate and Geico. They all seem to advertise claims that you can save just by moving your coverage to them.

How do they all charge you less for auto insurance? It’s all in the numbers.

Most companies offer their best rates for the right customer that will generate a profit. For instance, a preferred risk could be between the ages of 30 and 45, has other policies, and drives less than 5,000 miles a year. Any customer who meets those qualifications receives the best rates and therefore will save some money.

Insureds who don’t meet these criteria will probably have to pay higher premiums and this can result in the driver buying from a lower-cost company. The ad wording is “people who switch” not “all people who quote” save that much when switching. That’s the way companies can make those claims.

Each company has different criteria, so you should get insurance coverage quotes from several different companies. It’s just too difficult to predict with any certainty which company will provide the lowest rates.

Insurance coverage options for a Lexus IS 350

Learning about specific coverages of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like ambulance fees, prosthetic devices, dental work, hospital visits and EMT expenses. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision protection

This coverage pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for claims like colliding with another moving vehicle, crashing into a building, colliding with a tree and backing into a parked car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

Liability car insurance

This coverage can cover damage or injury you incur to other’s property or people in an accident. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show 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 property damage coverage for $50,000. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things like pain and suffering, emergency aid and funeral expenses. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Comprehensive insurance

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as rock chips in glass, a broken windshield and hitting a bird. The most a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Find Good Coverage for Less

You just read a lot of information how to compare 2015 Lexus IS 350 insurance auto insurance rates online. The key thing to remember is the more price quotes you have, the better likelihood of getting cheap insurance coverage. Consumers may even find the best auto insurance rates are with a lesser-known regional company.

People switch companies for many reasons like an unsatisfactory settlement offer, delays in responding to claim requests, high prices and unfair underwriting practices. Regardless of your reason for switching companies, finding a new company is pretty easy and you might even save some money in the process.

Some insurance companies may not offer online rate quotes and many times these regional carriers sell through independent insurance agents. Lower-priced 2015 Lexus IS 350 insurance can be purchased both online and also from your neighborhood agents, and you should compare price quotes from both in order to have the best price selection to choose from.

Additional car insurance information can be read at the links below