Lower Your 2006 Lexus IS 350 Insurance Rates

Locating affordable insurance coverage may be rather challenging for vehicle owners that are not comfortable with quoting and price shopping over the internet. With such a large number of companies competing online, how are we expected to possibly compare every possible option in order to find the cheapest available price?

Smart consumers take time to do price comparisons at least once a year because insurance coverage prices are usually higher with each renewal. Just because you had the best rate on IS 350 insurance a couple years back you will most likely find a better premium rate today. Ignore everything you know about insurance coverage because you’re about to learn the easiest way to reduce your cost while improving coverage.

If you currently have car insurance, you will most likely be able to lower your premiums substantially using this strategy. This article will familiarize you with the most effective way to quote insurance. Nevertheless, vehicle owners must learn the methods companies use to price insurance differently and use this information to your advantage.

You can change your insurance costs

Multiple criteria are considered when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, although some other factors are not quite as obvious like where you live or how financially stable you are.

The factors shown below are some of the items utilized by car insurance companies to help set rates.

• How much liability protection – Your policy’s liability coverage will protect you when you are found to be at fault for causing damage or personal injury in an accident. Liability insurance provides for a legal defense which can cost a lot. Liability insurance is pretty cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
• More traffic means higher claims – Choosing to live in less populated areas of the country is a positive aspect if you are looking for the lowest rates. People who live in big cities tend to have traffic congestion and a longer drive to work. Less people means fewer accidents and a lower car theft rate.
• Do you qualify for a multi-policy discount? – Most companies allow a discount to customers who consolidate policies with them in the form of a multi-policy discount. Discounts can be ten or even fifteen percent. Even though this discount sounds good, you may still want to shop around to help ensure you have the lowest rates.
• Is you job costing you more? – Careers such as military generals, architects and dentists tend to have higher rates than average because of intense work situations and long work hours. Other careers such as actors, engineers and homemakers get better rates on IS 350 insurance.
• Premiums drop with age – Inexperience drivers are known to be inattentive and easily distracted when at the wheel of a vehicle so auto insurance rates are higher. If you’ve ever had to add a teenage driver to your auto insurance policy can break the bank. Older, more experienced drivers have been proven to be more responsible, cause fewer claims and accidents and tend to be get fewer driving tickets.

Compare free car insurance rate quotes

To get low cost insurance coverage quotes, there a variety of ways of comparing rate quotes from local car insurance companies. By far the easiest way to find the cheapest 2006 Lexus IS 350 insurance rates is to use the internet to compare rates. This is quite simple and can be completed in several different ways.

1. The single most time-saving way to find the lowest comparison rates is a comparison rater form like this one (opens in new window). This easy form keeps you from doing a different quote for every prospective company. In just a few minutes this one form gets you coverage quotes from all major companies. This is by far the quickest method.
2. Another way to find more affordable insurance requires visiting the website for each individual company and repeat the quote process. For examples sake, let’s assume you want to compare rates from USAA, Liberty Mutual and Allstate. You would have to take the time to go to each site to enter the same coverage data repeatedly, and that’s why the first method is more popular.

   For a list of links to companies insuring cars in your area, click here.

3. The old school method to find cheaper rates is to spend your day driving to all the different insurance agencies. Doing it all online eliminates this option unless you’re the type of person who wants the trained guidance of a local agent. Although you can get the lowest quotes online and get advice from an agent in your area.

Whichever way you choose to compare rates, try to keep nearly identical information for each quote you get. If you compare different limits and deductibles on each one you will not be able to determine the best price for your Lexus IS 350. Quoting even small variations in limits could skew the results. Just remember that having more price comparisons increases your odds of finding a better price.

Do auto insurance companies bend the truth?

State Farm, Allstate and Geico endlessly run ads on TV and radio. All the ads advertise claims of big savings if you get a free insurance coverage quote and switch your coverage to them. How does every company offer you a better deal? Just pay attention to how they say it.

Insurance companies give the best rates for the type of customer that makes them money. One example of a profitable customer could possibly be over age 30, owns their home, and drives newer vehicles. Someone who meets those qualifications receive the lowest rate quotes and is almost guaranteed to pay quite a bit less when switching companies.

People who do not meet the ideal profile may be required to pay more expensive rates and this can result in business going elsewhere. The wording the ads use say “people that switch” not “everyone who quotes” save the amount stated. That’s the way insurance companies can confidently lure you into getting a quote. Because of this risk profiling, you should compare free insurance coverage quotes often. Because you cannot predict which auto insurance company will give you the biggest savings.

Drivers save money with these discounts

Not many people think insurance is cheap, but companies offer discounts to help offset the cost. Most are applied at the time you complete a quote, but lesser-known reductions have to be specifically requested before they will apply.

• Employee of Federal Government – Active or former government employment may qualify for a discount when you quote insurance coverage on IS 350 insurance with a few auto insurance companies.
• Driving Data Discount – Drivers who agree to allow their insurance company to study driving habits by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm might get better premium rates as long as they are good drivers.
• Accident Free – Good drivers with no accidents can save substantially in comparison to drivers who are more careless.
• Mature Driver Discount – Drivers over the age of 55 can get a slight reduction on a insurance coverage quote on IS 350 insurance.
• Theft Prevention Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen so companies will give you a small discount.

One last thing about discounts, many deductions do not apply the the whole policy. The majority will only reduce specific coverage prices like comprehensive or collision. Even though it may seem like all the discounts add up to a free policy, auto insurance companies aren’t that generous.

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

• Farmers Insurance has discounts for homeowner, business and professional, electronic funds transfer, mature driver, pay in full, distant student, and switch companies.
• Esurance offers premium reductions for online quote, claim free, anti-lock brakes, paid-in-full, online shopper, and multi-car.
• State Farm offers discounts for passive restraint, accident-free, multiple autos, anti-theft, defensive driving training, and safe vehicle.
• Geico includes discounts for emergency military deployment, seat belt use, membership and employees, anti-theft, good student, military active duty, and defensive driver.
• Allstate policyholders can earn discounts including utility vehicle, farm vehicle, auto/life discount, premier discount, resident student, and new car.

When getting free insurance coverage quotes, it’s a good idea to every prospective company which discounts can lower your rates. Some of the discounts discussed earlier may not be offered in your area. If you would like to choose from a list of auto insurance companies who offer discounts, click here to view.

Special considerations

When buying adequate coverage, there is no single plan that fits everyone. Everyone’s situation is a little different.

For instance, these questions can aid in determining whether your personal situation might need professional guidance.

• Do all my vehicles need collision coverage?
• Is a fancy paint job covered?
• Do I have coverage for damage caused while driving under the influence?
• Is my ex-spouse still covered by my policy?
• Do I need higher collision deductibles?
• What exactly is covered by my policy?

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, simply complete this short form.

Insurance coverages explained

Having a good grasp of insurance aids in choosing the right coverages for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Auto liability

Liability coverage will cover damages or injuries you inflict on other’s property or people. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have 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 a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims such as repair bills for other people’s vehicles, medical services and structural damage. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.

Coverage for collisions

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like crashing into a building, colliding with a tree, driving through your garage door, crashing into a ditch and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

UM/UIM Coverage

This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Lexus IS 350.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like ambulance fees, chiropractic care, hospital visits and surgery. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, vandalism, damage from a tornado or hurricane and damage from getting keyed. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

A tidy conclusion

We just showed you a lot of tips how to compare 2006 Lexus IS 350 insurance rates online. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from the smaller companies.

Low-cost 2006 Lexus IS 350 insurance can be found both online as well as from independent agents, and you should compare price quotes from both in order to have the best chance of saving money. There are still a few companies who don’t offer online price quotes and these regional insurance providers only sell through independent agents.

Drivers change insurance companies for any number of reasons including unfair underwriting practices, policy non-renewal, being labeled a high risk driver and high prices. No matter why you want to switch, finding the right insurance coverage provider is less work than it seems.

More detailed insurance coverage information can be found in these articles:

• Information for Teen Drivers (Geico)
• Side Impact Crash Tests (iihs.org)
• Senior Drivers (Insurance Information Insitute)
• Neck Injury FAQ (iihs.org)
• Comprehensive Coverage (Liberty Mutual)
• Driving in Bad Weather (Insurance Information Insitute)