Compare 2008 Lexus IS 350 Insurance Quotes

Trying to find the cheapest insurance for a Lexus IS 350 could be an all-consuming task, but you can learn our insurance buying tips to make it easier.

There are more efficient ways to find insurance online and you need to know the quickest way to price shop coverage for your Lexus and obtain the cheapest rates from both online companies and local agents.

It’s important to do price comparisons on a regular basis because insurance prices change frequently. Even if you got the best deal for IS 350 coverage a few years ago there is a good chance you can find better premium rates now. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to the best methods to eliminate unnecessary coverages and save money.

If you are insured now or are just looking to switch companies, you can follow these tips to cut your premiums and possibly find even better coverage. Shopping for cheaper insurance coverage coverage is simple if you know the tricks. Drivers just need to know the tricks to get comparison rates on the web.

Auto insurance quotes comparison

Reducing your 2008 Lexus IS 350 insurance rates is surprisingly easy. The only requirement is to invest a few minutes comparing rates to see which company has the cheapest insurance quotes. Rate comparisons can be done by using one of the methods below.

The single most time-saving way to find the lowest comparison rates is a comparison rater form click here to open form in new window. This type of form saves time by eliminating multiple quote forms for every company. One simple form gets coverage cost estimates from auto insurance companies with the best prices. It’s definitely the quickest method.

A slightly less efficient method to get quotes online requires you to visit each individual company website and request a quote. For example, we’ll assume you want rates from Farmers, 21st Century and Progressive. To find out each rate you need to take the time to go to each site to enter the same coverage data repeatedly, which is why first method is reommended. For a list of companies in your area, click here.

It’s up to you how you get prices quotes, just do your best to enter equivalent quote information for each comparison quote. If you have different liability limits then you won’t be able to make a fair rate comparison.

Don’t overlook these auto insurance discounts

Some companies do not list all disounts in an easy-to-find place, so the following list contains some of the best known and the harder-to-find auto insurance savings.

• Air Bags and Passive Restraints – Vehicles with factory air bags or motorized seat belts may get savings as much as 30%.
• Own a Home and Save – Being a homeowner can save you money due to the fact that maintaining a home means you have a higher level of financial diligence.
• Clubs and Organizations – Belonging to certain professional organizations may earn a discount on your next auto insurance statement.
• Claim-Free Discount – Good drivers with no accidents are rewarded with significantly better rates on insurance quote when compared with policyholders that have many claims.
• Theft Prevention Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems help deter theft and that can save you a little bit as well.
• Distant Student Discount – Older children who live away from home to go to college and do not take a car to college may qualify for this discount.
• Student Discounts – Getting good grades can get you a discount of up to 25%. Most companies allow this discount up to age 25.
• E-sign Discounts
• Multi-policy Discount – If you can bundle your auto and homeowners insurance with one insurance company you may earn up to 20% and get you cheap insurance.
• Student Discount for Driver Training – Teen drivers should participate in a local driver’s education class as it can save substantially.

A little note about advertised discounts, many deductions do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, it just doesn’t work that way.

Some companies who may offer these money-saving discounts are:

• State Farm
• Farmers Insurance
• Progressive
• Geico
• Auto-Owners Insurance
• The Hartford
• Farm Bureau
• USAA

Check with every company to apply every possible discount. Some of the earlier mentioned discounts may not apply to policyholders in your area.

Informed drivers can reduce insurance rates

Many different elements are used when pricing auto insurance. Some of the criteria are obvious like your driving record, although some other factors are not as apparent such as your credit history and annual miles driven.

• Incidental coverages you don’t need – There are quite a few extra coverages that you can get tricked into buying when buying auto insurance. Things like personal injury protection, high-cost glass coverage, and term life insurance are some examples. You may think they are a good idea at first, but your money might be better spent on other coverage so consider taking them off your policy.
• When should you not file a claims? – If you are the type of insured that files lots of claims you should expect higher premiums or even policy non-renewal. Companies award lower rates to insureds that do not abuse their auto insurance. Your car insurance is meant to be used in the event of more catestrophic claims.
• See if your company offers a multi-policy discount – Lots of insurance companies will give a discount to people who buy several policies from them such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even if you qualify for this discount already, drivers will still want to compare other company rates to confirm you are receiving the best rates possible. Drivers may still save more without the discount by splitting coverages up.
• Better premiums with anti-theft devices – Choosing a vehicle that has a built-in theft deterrent system can earn a premium discount. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent your car from being stolen.

When to get professional advice

When it comes to choosing the best car insurance coverage for your vehicles, there is no cookie cutter policy. Everyone’s situation is unique.

These are some specific questions may help highlight if your insurance needs will benefit from professional help.

• What is the difference between comprehensive and collision coverage?
• Do I have coverage when making deliveries for my home business?
• I don’t drive much so do I pay less?
• Are split liability limits better than a combined single limit?
• Is rental equipment covered for theft or damage?
• Does my personal policy cover me when driving out-of-state?
• Is my custom paint covered by insurance?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and may give you better protection.

Car insurance coverages for a Lexus IS 350

Understanding the coverages of your insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Comprehensive auto coverage

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

Comprehensive coverage protects against things such as a broken windshield, rock chips in glass and hail damage. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision protection

This coverage covers damage to your IS 350 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as sustaining damage from a pot hole, scraping a guard rail, hitting a parking meter and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Lexus IS 350.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability car insurance

Liability insurance can cover damage that occurs to other’s property or people in an accident. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as bail bonds, funeral expenses, loss of income, court costs and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for nursing services, surgery, hospital visits and doctor visits. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Shop around and save

We covered many ideas to shop for 2008 Lexus IS 350 insurance online. The key concept to understand is the more rate comparisons you have, the better your chances of lowering your prices. You may be surprised to find that the best premium rates are with some of the lesser-known companies.

As you prepare to switch companies, never reduce coverage to reduce premium. There are too many instances where an accident victim reduced collision coverage only to find out that the few dollars in savings costed them thousands. The ultimate goal is to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

Drivers change insurance companies for a variety of reasons including unfair underwriting practices, denial of a claim, high rates after DUI convictions or poor customer service. Regardless of your reason for switching companies, switching auto insurance companies is not as difficult as it may seem.

More tips and info about auto insurance can be found in the articles below:

• Keeping Children Safe in Crashes Video (iihs.org)
• Older Driver Statistics (Insurance Information Insitute)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Crash Avoidance Technologies FAQ (iihs.org)
• Distracted Driving Statistics (Insurance Information Insitute)