Compare 2018 Lexus IS 350 Insurance Quotes

Trying to find cheaper insurance rates for your Lexus IS 350? There isn’t anyone who likes having to buy insurance, especially knowing their premiums are too high. There are many auto insurance companies to choose from, and though it is a good thing to have multiple companies, it can be more difficult to find the lowest rates.

Smart consumers take time to do price comparisons once or twice a year since prices are adjusted regularly by insurance companies. Just because you found the best price for IS 350 coverage a few years ago the chances are good that you can find a lower rate quote today. Forget all the misinformation about insurance because we’re going to demonstrate the only way to find great coverage at a great price.

Pricing affordable auto insurance is easy if you know what you’re doing. If you are insured now or are shopping for new coverage, you will benefit by learning to shop for the lowest rates while maintaining coverages. Vehicle owners just need to know how to get comparison quotes over the internet.

More affordable rates with discounts

Some providers don’t list every possible discount very well, so the following is a list of some of the more common and also the more inconspicuous credits available to lower your premiums when you buy insurance online.

  • Discount for Multiple Policies – If you combine your auto and home policies with one company you will save approximately 10% to 15%.
  • ABS Braking Discount – Vehicles equipped with ABS or steering control are safer to drive and the ABS can save up to 10%.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle up before driving can save up to 15% on the premium charged for medical payments and/or PIP.
  • Fewer Miles Equal More Savings – Driving less may allow you to get discounted prices on garaged vehicles.
  • Military Discounts – Being on active deployment in the military could qualify you for better premium rates.
  • Senior Citizen Rates – Drivers that qualify as senior citizens are able to get better car insurance rates for IS 350 coverage.
  • Multiple Cars – Drivers who insure more than one vehicle on one policy can reduce rates for all insured vehicles.

Just know that many deductions do not apply to the entire cost. Most cut individual premiums such as comp or med pay. Even though it appears having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

Companies and some of their more popular discounts are shown below.

  • Geico has savings for multi-vehicle, military active duty, multi-policy, anti-lock brakes, membership and employees, and anti-theft.
  • Travelers has discounts for hybrid/electric vehicle, driver training, good student, IntelliDrive, continuous insurance, and early quote.
  • Farm Bureau offers premium reductions for 55 and retired, renewal discount, youthful driver, good student, multi-policy, and driver training.
  • Liberty Mutual may offer discounts for exclusive group savings, good student, new graduate, newly married, and new move discount.
  • American Family discounts include mySafetyValet, good driver, multi-vehicle, TimeAway discount, defensive driver, early bird, and Steer into Savings.
  • Progressive offers discounts including continuous coverage, multi-policy, multi-vehicle, online signing, homeowner, and online quote discount.

If you need lower rates, check with every insurance company which discounts you may be entitled to. Discounts might not apply in your area. To see a list of insurers with the best discounts, click here to view.

Why you might pay higher rates

An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for insurance. If you understand what determines premiums, this allows you to make good choices that will entitle you to big savings. Lots of factors are part of the calculation when pricing auto insurance. Some factors are common sense such as traffic violations, although others are not quite as obvious like your vehicle usage or how safe your car is.

Listed below are some of the things used by insurance companies to determine your rate level.

  • Cars with good safety ratings cost less to insure – Vehicles with good safety scores tend to have lower insurance rates. These vehicles result in less severe injuries and fewer injuries translates into fewer and smaller insurance claims and lower rates for you.
  • High claims frequency drives up premiums – If you’re an insured who likes to file claims you should expect higher rates. Insurance companies provide most affordable rates to policyholders who do not rely on their insurance for small claims. Insurance coverage is intended to be relied upon for more catestrophic claims.
  • Bump up comp and collision deductibles to lower rates – Deductibles for physical damage are the amount of money you are required to spend if the claim is covered. Protection for physical damage, aka comp and collision, covers damage that occurs to your car. A few examples of covered claims would be a windshield broken by a bird, damage from fire, and damage caused by road hazards. The larger the amount the insured is willing to pay, the less your company will charge you for insurance for IS 350 coverage.
  • Drive less and get lower rates – The more you drive your Lexus in a year the more it will cost to insure it. The majority of insurers apply a rate based on how the vehicle is used. Vehicles that have low annual miles receive better premium rates than vehicles that are driven to work every day. It’s always a good idea to double check that your insurance policy states the proper vehicle usage, because it can save money. Incorrect rating for your IS 350 may be wasting your money.

What is the best insurance coverage coverage?

When it comes to choosing the best insurance coverage coverage, there really is not a cookie cutter policy. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that might help in determining whether you could use an agent’s help.

  • What is roadside assistance coverage?
  • Is my dog or cat covered if injured in an accident?
  • How can I find cheaper teen driver insurance?
  • Does my policy pay for OEM or aftermarket parts?
  • Does insurance cover tools stolen from my truck?
  • Do I have coverage if my license is suspended?
  • Does car insurance cover theft of personal property?
  • At what point should I drop full coverage?

If you’re not sure about those questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and may give you better protection.

Car insurance policy specifics

Having a good grasp of your policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages found on most car insurance policies.

Coverage for collisions

Collision insurance covers damage to your IS 350 from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as hitting a parking meter, crashing into a building, hitting a mailbox, driving through your garage door and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to raise the deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus IS 350.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Medical payments and PIP coverage

Med pay and PIP coverage pay for short-term medical expenses for things like prosthetic devices, rehabilitation expenses, pain medications, EMT expenses and ambulance fees. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive auto coverage

This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as hitting a bird, falling objects, damage from a tornado or hurricane and fire damage. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto liability

This will cover damage or injury you incur to other people or property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like repair bills for other people’s vehicles, funeral expenses, emergency aid, repair costs for stationary objects and pain and suffering. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Quote more, save more

In this article, we covered quite a bit of information on how to reduce 2018 Lexus IS 350 insurance premium rates online. The key concept to understand is the more rate quotes you have, the better likelihood of getting the cheapest insurance. Consumers may even find the best price on insurance coverage is with a company that doesn’t do a lot of advertising. Some small companies may have significantly lower prices on certain market segments as compared to the big name companies such as Allstate or State Farm.

When you buy insurance online, it’s not a good idea to buy poor coverage just to save money. There have been many cases where someone dropped uninsured motorist or liability limits only to find out that the few dollars in savings costed them thousands. The proper strategy is to purchase a proper amount of coverage at the best price but still have enough coverage for asset protection.

To read more, take a look at the articles below: