How Much Does 2016 Lexus IS 350 Insurance Cost?

Buyers have options when searching for the lowest priced Lexus IS 350 insurance. You can either waste hours contacting agents getting price quotes or leverage the internet to make rate comparisons.

There is a right way and a wrong way to shop for insurance coverage so we’re going to tell you the quickest way to get price quotes for a new or used Lexus and get the cheapest rates.

Consumers need to take a look at other company’s rates once or twice a year because prices change quite often. Just because you found the lowest rates on IS 350 insurance a few years ago the chances are good that you can find a lower premium rate today. Block out anything you think you know about insurance coverage because you’re about to find out how to quote online to find better coverage at a better price.

How much is insurance coverage?

There are several ways to compare insurance coverage prices and some are more efficient than others. You can waste a lot of time discussing policy coverages with insurance agencies in your area, or you can utilize the web to get pricing more quickly.

Most of the larger companies are enrolled in a marketplace that enables customers to send in one quote, and each participating company can provide price quotes determined by their information. This eliminates the need for quote forms for every insurance coverage company.

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The only drawback to using this type of system is you are unable to specify the insurers you will receive quotes from. So if you want to select specific providers to compare prices, we put together a list of the cheapest insurance coverage companies in your area. Click here to view list.

Whichever way you choose to compare rates, make sure you compare equivalent coverage data with every price quote. If you compare different deductibles you will not be able to find the best deal for your Lexus IS 350.

Learn how to find insurance coverage more affordably

It’s important that you understand the different types of things that help determine your insurance coverage rates. If you have a feel for what influences your rates, this empowers consumers to make smart changes that will entitle you to lower rates.

  • Increase deductibles to save – Protection for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Examples of some claims that would be covered are a dented fender, hitting a deer, and burglary. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket if a covered claim is submitted. The more damage repair cost you choose to pay out-of-pocket, the less money you will pay for insurance coverage on IS 350 insurance.
  • Your location is important – Residing in smaller towns and rural areas of the country is a positive aspect when talking about insurance coverage. Fewer drivers on the road translates into fewer accidents. Urban drivers regularly have more road rage incidents and higher rates of accident claims. More time on the road means higher likelihood of an accident.
  • Your car’s features help determine premiums – Buying a car with a theft deterrent system can save you some money. Theft prevention features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent auto theft.
  • Don’t cancel your insurance coverage without a new one in place – Driving without insurance coverage in place is illegal and you will pay a penalty because you let your insurance coverage expire. In addition to paying higher rates, being ticketed for driving with no insurance may result in a steep fine or even jail time.
  • Females tend to take less risk – Statistics demonstrate females are less aggressive when driving. That doesn’t necessarily mean that men are worse drivers. Females and males have auto accidents in similar numbers, but the males get into accidents with more damage. Not only are claims higher, but men get higher numbers of serious violations like DWI (DUI) or reckless driving.
  • Youthful drivers cost more – Youthful drivers are statistically proven to be careless and easily distracted when driving with friends therefore insurance coverage rates are much higher. Older insureds are viewed as being more responsible, are lower risk to insure , and usually have better credit.
  • Don’t skimp on liability protection – A critical coverage on your policy, liability insurance is the protection when you are found liable for causing damage or personal injury in an accident. Your policy’s liability insurance provides you with a defense in court up to the limits shown on your policy. Liability is cheap compared to comp and collision, so buy as much as you can afford.
  • Poor credit rating equals high prices – Having a bad credit score will be a significant factor in determining your rates. If your credit is lower than you’d like, you could pay less to insure your 2016 Lexus IS 350 by improving your credit score. Drivers with very high credit ratings tend to file fewer claims than drivers with lower credit scores.

Are you getting every discount?

Some insurers don’t always advertise the complete list of policy discounts very well, so we took the time to find both well-publicized in addition to some of the lesser obvious credits available to lower your premiums when you buy auto insurance online.

  • Multiple Policy Discount – If you can bundle your homeowners and auto insurance with the same company you could earn a discount of up to 20% off your total premium.
  • Resident Student – Children who attend college more than 100 miles from home and don’t have a car could qualify for this discount.
  • Driver Education Discount – Teen drivers should take driver’s ed class if offered at their school.
  • Pay Early and Save – If you pay your entire premium ahead of time rather than spreading payments over time you could save 5% or more.
  • Include Life Insurance and Save – Larger auto insurance companies have a small discount if you purchase a life insurance policy as well.
  • Discounts for Government Workers – Employees or retirees of the government may qualify for a discount when you quote auto insurance on IS 350 insurance depending on your auto insurance provider.
  • Multiple Cars – Purchasing coverage when you have multiple cars with one company can reduce the rates for all insured vehicles.
  • Drive Safe and Save – Drivers without accidents could pay up to 40% less on IS 350 insurance compared to accident prone drivers.
  • Drive Less and Save – Driving less could be rewarded with lower auto insurancerates on the low mileage vehicles.

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Some only reduce specific coverage prices like physical damage coverage or medical payments. Despite the fact that it seems like you can get free auto insurance, auto insurance companies aren’t that generous. But any discount will help lower the amount you pay for coverage.

A list of companies and the discounts they provide are detailed below.

  • Progressive may have discounts that include homeowner, multi-vehicle, continuous coverage, online quote discount, good student, online signing, and multi-policy.
  • MetLife has discounts for defensive driver, good student, claim-free, accident-free, multi-policy, and good driver.
  • Mercury Insurance policyholders can earn discounts including type of vehicle, multi-policy, ease of repair, professional/association, good student, and annual mileage.
  • Nationwide offers premium reductions for business or organization, good student, defensive driving, Farm Bureau membership, multi-policy, family plan, and accident-free.
  • Geico discounts include military active duty, daytime running lights, good student, membership and employees, and multi-policy.
  • AAA includes discounts for education and occupation, pay-in-full, good student, anti-theft, good driver, multi-car, and AAA membership discount.

Check with each company or agent which discounts they offer. Savings might not be offered in your state.

When in doubt talk to an agent

When choosing proper insurance coverage, there really is no “best” method to buy coverage. Everyone’s situation is unique.

For instance, these questions can help discover whether or not you may require specific advice.

  • Do I benefit by insuring my home with the same company?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Are all vehicle passengers covered by medical payments coverage?
  • What discounts do I qualify for?
  • Do I need an umbrella policy?
  • Does coverage extend to my business vehicle?
  • Does my personal policy cover me when driving out-of-state?
  • Am I covered if I hit my neighbor’s mailbox?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can provide invaluable advice.

Specific coverages for a Lexus IS 350

Having a good grasp of your insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Liability auto insurance

Liability insurance can cover damage that occurs to other people or property that is your fault. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that means you have $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. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as funeral expenses, medical expenses, loss of income, bail bonds and emergency aid. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Coverage for collisions

This covers damage to your IS 350 resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision can pay for claims like rolling your car, colliding with a tree and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for bills for dental work, nursing services and rehabilitation expenses. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive insurance

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from flooding, hitting a bird and damage from a tornado or hurricane. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage to your 2016 Lexus IS 350.

Because many people 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 should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.

Quote often and quote early

When getting auto insurance quotes online, it’s a bad idea to skimp on coverage in order to save money. There are a lot of situations where consumers will sacrifice physical damage coverage and discovered at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage for the lowest cost but still have enough coverage for asset protection.

Consumers who switch companies do it for a number of reasons such as delays in paying claims, unfair underwriting practices, extreme rates for teen drivers and even policy cancellation. No matter why you want to switch, switching insurance companies is actually quite simple.

You just learned a lot of information how to reduce 2016 Lexus IS 350 insurance car insurance rates online. The most important thing to understand is the more you quote auto insurance, the higher your chance of finding low cost auto insurance. Drivers may discover the best car insurance rates are with a small mutual company.

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