Cheaper 2013 Lexus IS 350 Insurance Quotes

If you’ve never shopped for car insurance quotes online, it’s easy to be baffled due to the large number local agents and online companies all promising to save you money.

How to lower your insurance rates

A large part of saving on insurance is knowing the rating factors that are used to determine the price you pay for insurance. When consumers understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with lower insurance prices.

Listed below are a partial list of the pieces utilized by car insurance companies to help set your rate level.

• Always keep your insurance in force – Driving without insurance coverage in place is a big no-no and your next policy will cost more because you let your insurance lapse. And not only will your rates increase, getting caught without coverage might get you fines or a revoked license.
• Do you know you’re credit score? – Having a good credit history is a large factor in determining your rates. Insureds with very good credit scores tend to be better drivers and file fewer claims than drivers who have poor credit. So if your credit score is lower than you’d like, you could save money insuring your 2013 Lexus IS 350 if you clean up your credit.
• Discounts for auto and home policies – Most larger companies apply discounts to people who buy several policies from them in the form of a multi-policy discount. The discount can add up to ten percent or more. Even if you’re getting this discount you may still want to compare other company rates to verify if the discount is saving money.There is a chance you can save more without the discount even if you have your coverage with different companies
• Teenagers vs. older drivers – Drivers with little experience are proven to be inattentive when driving with friends so insurance rates are higher. Older, more experienced drivers tend to be more responsible, file fewer claims and are safer drivers.
• Drive a safer car and pay less – Cars with high safety ratings tend to have better insurance rates. Vehicles engineered for safety reduce occupant injuries and lower rates of occupant injuries means less money paid by your insurance company and more competitive rates for policyholders.
• Cheap insurance rates for being claim-free – Companies give lower rates to insureds who do not rely on their insurance for small claims. If you are a frequent claim filer, you can look forward to higher rates. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.
• More stress means more cost – Occupational choices like military personnel, business owners and emergency personnel generally pay higher rates than average attributed to high stress levels and lots of time spent away from family. Other jobs like scientists, historians and homemakers get better rates on IS 350 insurance.

Get lower-cost rates with these discounts

Insuring your fleet can be pricey, but there are discounts available to reduce the price significantly. Many of these discounts will be applied automatically when you quote, but occassionally some discounts must be requested specifically before you will receive the discount. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.

• Smart Student Discounts – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
• Membership in Organizations – Joining qualifying clubs or civic groups is a simple method to lower premiums on your policy.
• Life Insurance – Not all insurance carriers offer life insurance, but some may give you a small discount if you purchase auto and life insurance together.
• Resident Student – Older children who attend college more than 100 miles from home and don’t have a car can be insured at a reduced rate.
• Bundled Policy Discount – When you combine your auto and homeowners insurance with one company you could save up to 20% and get you cheap car insurance.

As is typical with insurance, many deductions do not apply to the entire cost. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like it’s possible to get free car insurance, you aren’t that lucky.

To choose insurance companies with discount car insurance rates, click here.

Car insurance can be complex

When it comes to buying proper insurance coverage, there really is no “best” method to buy coverage. Everyone’s needs are different.

Here are some questions about coverages that might help in determining if your insurance needs would benefit from professional advice.

• Is a new car covered when I drive it off the dealer lot?
• How much liability do I need to cover my assets?
• Do I really need UM/UIM coverage?
• What discounts do I qualify for?
• When should I not file a claim?
• Does coverage extend to a rental car in a foreign country?
• How much liability coverage do I need in my state?
• Does my medical payments coverage pay my health insurance deductible?
• Can I afford to buy a different vehicle if my 2013 Lexus IS 350 is totaled?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form.

Specifics of your insurance policy

Understanding the coverages of a insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement.

Medical payments and PIP coverage

Med pay and PIP coverage reimburse you for immediate expenses like chiropractic care, funeral costs, EMT expenses and pain medications. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Liability auto insurance

This coverage will cover injuries or damage you cause to a person or their property that is your fault. It protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

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 limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims like attorney fees, repair bills for other people’s vehicles, legal defense fees and medical services. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2013 Lexus IS 350.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive auto coverage

This coverage 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 like hitting a deer, theft and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision protection

Collision coverage will pay to fix damage to your IS 350 resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as rolling your car, sideswiping another vehicle, scraping a guard rail, driving through your garage door and crashing into a building. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

The best insurance company isn’t always the cheapest

Affordable 2013 Lexus IS 350 insurance can be sourced online in addition to local insurance agencies, so you should be comparing quotes from both in order to have the best price selection to choose from. Some car insurance companies may not offer internet price quotes and many times these smaller companies provide coverage only through independent agencies.

Insureds change insurance companies for a variety of reasons including unfair underwriting practices, questionable increases in premium, an unsatisfactory settlement offer and not issuing a premium refund. Regardless of your reason, choosing a new insurance company is less work than it seems.

Throughout this article, we presented a lot of information how to compare 2013 Lexus IS 350 insurance rates online. The key thing to remember is the more price quotes you have, the better your comparison will be. You may be surprised to find that the biggest savings come from a company that doesn’t do a lot of advertising.

To learn more, take a look at the following helpful articles:

• Anti-Lock Brake FAQ (iihs.org)
• Auto Insurance Basics (Insurance Information Insitute)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)