2017 Lexus IS 300 Insurance Rates – 8 Tricks for Cheaper Quotes

If you’re shopping for lower-cost insurance, are you overwhelmed by the crazy number of insurance providers? Many other drivers are as well. You have so many options that it is a big hassle to compare rates.

You should take the time to compare premium rates as often as possible since insurance prices are adjusted regularly by insurance companies. Even if you think you had the lowest price on IS 300 insurance six months ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about insurance because you’re about to learn the quickest way to get good coverage at a lower rate.

The most recommended method to compare rate quotes utilizes the fact auto insurance companies actually pay money for the chance to provide you with a free rate quote. All consumers are required to do is provide information such as if you are currently licensed, the year, make and model of vehicles, an estimate of your credit level, and if the vehicle is leased. Those rating factors is instantly sent to insurance companies and they return cost estimate instantly.

Tailor your insurance coverage coverage to you

When it comes to choosing coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different.

For instance, these questions may help you determine if your situation would benefit from an agent’s advice.

  • Are rental cars covered under my policy?
  • Are split liability limits better than a combined single limit?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I need added coverage for expensive stereo equipment?
  • Are my friends covered when driving my 2017 Lexus IS 300?
  • How much liability insurance is required?
  • Am I covered when pulling a rental trailer?
  • What is the ISO rating for a 2017 Lexus IS 300?
  • How do I insure my teen driver?
  • Does my insurance cover a custom paint job?

If you can’t answer these questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form.

Auto insurance coverage specifics

Understanding the coverages of auto insurance can help you determine appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be confusing and even agents have difficulty translating policy wording.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Lexus IS 300.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for bills such as hospital visits, prosthetic devices, EMT expenses, rehabilitation expenses and doctor visits. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability insurance

Liability coverage will cover damage or injury you incur to people or other property that is your fault. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability insurance covers claims such as emergency aid, legal defense fees, repair bills for other people’s vehicles, pain and suffering and medical services. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Comprehensive coverages

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like falling objects, a broken windshield and damage from getting keyed. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto collision coverage

This covers damage to your IS 300 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things such as colliding with another moving vehicle, crashing into a building, hitting a parking meter, driving through your garage door and scraping a guard rail. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.