2010 Lexus IS 350 Insurance Cost

Paying for high-priced Lexus IS 350 insurance can take a big chunk out of your budget and force you to cut corners elsewhere. Doing a rate comparison is free and is an excellent way to reduce premiums and put more money in your pocket.

Insurance companies such as State Farm, Geico and Farmers Insurance constantly bombard you with ads and it is difficult to sift through the bull and effectively compare rates to find the best deal.

If you have a policy now or are looking for a new policy, you can follow these tips to find better prices and possibly find even better coverage. Finding affordable coverage is not rocket science. Vehicle owners only need to know the proper way to compare rates on the web.

Do you qualify for discounts?

Companies that sell car insurance don’t necessarily list every available discount very clearly, so we researched a few of the more well known and the more hidden credits that may apply to you. If you check and find you aren’t receiving every discount you qualify for, you’re paying more than you need to.

• Drivers Ed for Students – Cut your cost by having your teen driver enroll and complete driver’s education in school or through a local driver safety program.
• ABS Brakes – Vehicles with anti-lock braking systems have fewer accidents and qualify for as much as a 10% discount.
• Lower Rates for Military – Being deployed with a military unit may lower your premium rates slightly.
• Theft Deterent – Cars and trucks that have factory anti-theft systems can help prevent theft and earn discounts up to 10% off your auto insurance quote.
• Claim-Free Discount – Drivers who stay claim-free pay less as opposed to bad drivers.
• Discount for Good Grades – Excelling in school could provide a savings of up to 20% or more. You can use this discount normally until age 25.
• Discount for Passive Restraints – Factory options such as air bags can receive discounts of up to 25% or more.
• Student in College – Any of your kids who are enrolled in a college that is more than 100 miles from home and do not have access to a covered vehicle can be insured at a reduced rate.

A little note about advertised discounts, many deductions do not apply the the whole policy. Most cut the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you can get free auto insurance, it just doesn’t work that way.

Insurance companies that possibly offer most of the discounts above include:

• Geico
• MetLife
• State Farm
• Progressive
• Mercury Insurance
• 21st Century
• Allstate

If you need cheaper auto insurance quotes, ask each company or agent how you can save money. Depending on the company, some discounts may not apply to policyholders in your area. To view insurance companies with the best discounts, click here.

The quickest method to compare policy rates utilizes the fact most of the larger companies actually pay money for the chance to give you rate quotes. To begin a comparison, all you need to do is provide details like whether you are married, types of safety features, if you have a valid license, and an estimate of your credit level. That information is then submitted to many highly-rated insurers and they return rate quotes almost instantly.

To find the cheapest 2010 Lexus IS 350 insurance rates, click here and complete the form.

Get Lexus IS 350 insurance for less

One of the most helpful ways to save on car insurance is to to have a grasp of the rating factors that play a part in calculating the level of your policy premiums. If you have a feel for what determines base rates, this allows you to make educated decisions that can help you get lower car insurance prices.

• High policy claims frequency drives up premiums – If you are the type of insured that files lots of claims you can expect higher premiums or even policy non-renewal. Companies generally give lower rates to policyholders that do not abuse their auto insurance. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
• High physical damage deductibles lower costs – Physical damage insurance, otherwise known as comp (or other than collision) and collision, protects your Lexus from damage. Examples of covered claims are colliding with a building, collision with an animal, and damage from a fallen tree branch. Comp and collision deductibles tell how much you are willing to pay out-of-pocket if a claim is determined to be covered. The more expense the insured is willing to pay, the less your company will charge you for insurance for IS 350 insurance.
• Certain occupations pay higher premiums – Occupations like fire fighterspolice officers and financial analysts generally have higher rates than average in part from stressful work requirements and extremely grueling work hours. Conversely, careers like professors, athletes and homemakers generally pay rates lower than average for IS 350 insurance.
• Urban areas may pay more – Being located in areas with lower population has definite advantages when it comes to car insurance. Fewer people translates into fewer accident claims and a lower car theft rate. People in densly populated areas tend to have much more traffic and much longer commute distances. Spending more time driving means a statistically higher chance of an accident.
• Better prices for uninterrupted coverage – Letting your insurance expire will be a quick way to bump up your car insurance costs. In addition to paying higher premiums, being ticketed for driving with no insurance may result in fines and jail time.
• Gals tend to take less risk – Over time, data shows that women are safer drivers than men. This data doesn’t prove that males are worse at driving than females. Males and females tend to get into at-fault accidents in similar numbers, but the men tend to have more serious accidents. Men also statistically get more serious tickets like driving under the influence (DUI).
• Bundle policies with the same company – Lots of insurers provide discounts to policyholders who consolidate policies with them such as combining an auto and homeowners policy. Even though this discount sounds good, consumers should still compare other company rates to ensure the best deal.
• Alarm systems systems cut rates – Driving a car with an alarm system can help bring down rates. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart auto theft.

Don’t assume everyone needs the same car insurance coverage

When it comes to choosing adequate coverage, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance should reflect that Here are some questions about coverages that can aid in determining whether you might need an agent’s assistance.

• Am I getting all the discounts available?
• Is my teen driver covered when they drive my company car?
• How many claims can I have before being cancelled?
• Does liability extend to a camper or trailer?
• Does having multiple vehicles earn me a discount?
• Which is better, split liability limits or combined limits?
• How high should my medical payments coverage be?
• Do I have coverage when pulling a U-Haul trailer?
• Does my 2010 Lexus IS 350 need full coverage?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area. It is quick, free and can help protect your family.

Insurance coverage basics

Understanding the coverages of a insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.

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

Comprehensive insurance covers claims like theft, rock chips in glass, vandalism, falling objects and hitting a deer. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for liability – This coverage protects you from damage or injury you incur to other people or property that is your fault. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like structural damage, loss of income, pain and suffering and legal defense fees. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for hospital visits, surgery and dental work. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as damage to your 2010 Lexus IS 350.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Collision coverages – This coverage covers damage to your IS 350 resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like rolling your car, crashing into a building, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to bring the cost down.

Summing up your auto insurance search

We just presented some good ideas how you can shop for 2010 Lexus IS 350 insurance online. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest rates come from a small local company. These smaller insurers can often provide lower car insurance rates in certain areas as compared to the big name companies such as Allstate and Progressive.

Budget-friendly auto insurance is attainable both online and from local agencies, and you should compare rates from both in order to have the best price selection to choose from. Some auto insurance companies may not provide the ability to get a quote online and most of the time these smaller providers sell through independent agents.

Helpful information

• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Uninsured Motorist Statistics (Insurance Information Insitute)
• Collision Insurance Coverage (Nationwide)
• Choosing a Car for Your Teen (State Farm)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)