Cheaper 2014 Lexus IS 350 Insurance Rates

Looking for better auto insurance rates for your Lexus IS 350? Overpriced auto insurance can stress out your checking account and force you to prioritize other expenses. Performing a price comparison is a fast and free way to lower your bills every month.

You have so many insurance companies to buy insurance from, and even though it’s nice to have a selection, so many choices can make it hard to compare rates and cut insurance costs.

Find discounts to get cheap insurance coverage rates

Insurance coverage is easily one of your largest bills, but there could be significant discounts that can drop the cost substantially. A few discounts will be applied at quote time, but a few need to be specially asked for before they will apply.

• Safety Course Discount – Participating in a course teaching defensive driver skills is a good idea and can lower rates if your company offers it.
• Air Bags and Passive Restraints – Factory air bags and/or automatic seat belt systems could see savings of 20 to 30 percent.
• Smart Student Discounts – Excelling in school may save you up to 25%. The good student discount can last until age 25.
• Safe Driver Discounts – Insureds who avoid accidents may receive a discount up to 45% on IS 350 insurance compared to accident prone drivers.
• Telematics Data Discounts – People who choose to allow driving data collection to analyze when and where they use their vehicle by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot may see discounts if they have good driving habits.
• Discount for Home Ownership – Owning your own home or condo can get you a discount due to the fact that maintaining a home is proof that your finances are in order.
• 55 and Retired – Drivers that qualify as senior citizens are able to get a small discount on rates on IS 350 insurance.
• Paper-free Discount – Some larger companies will provide an incentive for signing up on the internet.
• Multiple Cars – Insuring multiple vehicles with the same insurance coverage company can reduce rates for all insured vehicles.
• ABS Brakes – Cars that have anti-lock braking systems have fewer accidents and qualify for as much as a 10% discount.

Discounts save money, but please remember that most of the big mark downs will not be given the the whole policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though you would think you would end up receiving a 100% discount, insurance coverage companies aren’t that generous.

A list of companies and their offered discounts are shown below.

• Geico may offer discounts for driver training, seat belt use, anti-theft, anti-lock brakes, emergency military deployment, federal employee, and air bags.
• Mercury Insurance may have discounts that include anti-theft, ease of repair, good driver, type of vehicle, and location of vehicle.
• Farmers Insurance has savings for multi-car, switch companies, early shopping, business and professional, pay in full, and teen driver.
• Auto-Owners Insurance offers discounts for paid in full, safe vehicle, teen driver, anti-lock brakes, multi-policy, and company car.
• Liberty Mutual discounts include teen driver discount, exclusive group savings, new graduate, newly retired, new vehicle discount, and multi-policy.
• SAFECO has discounts for multi-car, teen safe driver, homeowner, drive less, and anti-lock brakes.
• Progressive offers discounts including online signing, multi-vehicle, continuous coverage, homeowner, and multi-policy.
• USAA policyholders can earn discounts including defensive driver, multi-vehicle, new vehicle, good student, multi-policy, and safe driver.

Double check with every prospective company which discounts they offer. A few discounts might not be offered in your area. To see insurance coverage companies that offer the discounts shown above, follow this link.

The fastest way that we advise to compare car insurance company rates takes advantage of the fact most of the bigger providers participate in a system to quote your coverage. The only thing you need to do is provide information including whether or not you need a SR-22, if it has an alarm system, whether you are single or married, and if the car is leased. Your details is then sent to insurance carriers in your area and you receive quotes within a short period of time.

Why your insurance premiums might be higher

Multiple criteria are used when you get a price on insurance. Most are fairly basic like a motor vehicle report, but some are not quite as obvious like your vehicle usage or your financial responsibility.

• Avoid traffic tickets – Your driving record has a huge affect on how much you pay. Drivers who don’t get tickets get better rates as compared to those with violations. Getting just one driving citation may cause rates to rise by as much as thirty percent. Drivers unfortunate enough to have severe citations like DUI, reckless driving or excessive speeding are required to submit a SR-22 form with their state’s licensing department in order to drive a vehicle legally.
• Cheaper rates after marriage – Having a spouse helps lower the price when shopping for insurance. Marriage translates into being more responsible it has been statistically shown that married drivers get in fewer accidents.
• Pay more out-of-pocket – Comprehensive and collision coverage deductibles define the amount you are required to spend out-of-pocket if the claim is covered. Coverage for physical damage, aka comp and collision, insures against damage to your car. Examples of covered claims are a windshield broken by a bird, vandalism, and damage caused by road hazards. The larger the amount you are required to pay out-of-pocket, the bigger discount you will receive on IS 350 insurance.
• Extra policy coverages that aren’t used – There are a lot of additional coverages that you can buy on your insurance policy. Coverages like replacement cost coverage, better glass coverage, and Farm Bureau memberships are some examples. They may sound like good ideas when discussing your needs, but now you might not need them so eliminate them to save money.

Tailor your insurance coverage coverage to you

When buying coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions can aid in determining if your insurance needs would benefit from professional advice.

• Are all vehicle passengers covered by medical payments coverage?
• What is no-fault insurance?
• Will I lose any money if I cancel my policy before it expires?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Is my dog or cat covered if injured in an accident?
• I have a DUI can I still get coverage?
• Who is covered by my policy?
• What is high-risk coverage and where do I buy it?
• Do I need higher collision deductibles?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Switch companies and save? Really?

Consumers can’t ignore all the ads that claim the best rates by companies like Allstate, Geico and Progressive. They all seem to make the promise of big savings if you change your coverage.

How does every company cost less than your current company? It’s all in the numbers.

Insurance companies have a certain “appetite” for the type of driver they prefer to insure. For instance, this type of insured could possibly be between the ages of 30 and 45, has never had a claim, and drives less than 7,500 miles a year. Anyone that matches those criteria gets the lowest prices and will also save money with a new company.

Drivers who don’t meet those criteria must pay higher premiums which usually ends up with the customer not purchasing. The trick companies use is to say “customers that switch” not “everybody who quotes” save that much. That’s the way companies can truthfully make claims that they all have the best premium rates.

Each company has different criteria, so it is so important to get insurance quotes as often as possible. Because you never know the company that will have the best car insurance rates for your profile.

Insurance specifics

Having a good grasp of your policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types offered by insurance companies.

Medical costs insurance – Medical payments and Personal Injury Protection insurance reimburse you for bills for things like hospital visits, rehabilitation expenses, funeral costs, pain medications and doctor visits. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Collision coverage – This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like colliding with a tree, crashing into a ditch, scraping a guard rail and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like damage from flooding, hail damage, damage from a tornado or hurricane and theft. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

UM/UIM Coverage – This coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Lexus IS 350.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these coverages are set the same as your liablity limits.

Coverage for liability – This will cover damages or injuries you inflict on people or other property. It protects you from claims by other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which provides one coverage limit without having the split limit caps.

Liability insurance covers claims like medical services, pain and suffering, funeral expenses, court costs and attorney fees. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Don’t be a big spender

We just showed you many ways to compare 2014 Lexus IS 350 insurance rates online. The most important thing to understand is the more companies you get car insurance rates for, the higher your chance of finding affordable insurance. Drivers may discover the lowest rates are with some of the lesser-known companies. Some small companies may only write in your state and offer lower car insurance rates compared to the large companies like Progressive and Geico.

More affordable auto insurance can be sourced both online as well as from independent agents, and you should compare price quotes from both to have the best selection. Some insurance companies do not provide rates over the internet and many times these regional insurance providers only sell through independent agencies.

Even more information can be found in these articles:

• Neck Injury FAQ (iihs.org)
• Keeping Children Safe in Crashes Video (iihs.org)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Older Driver Statistics (Insurance Information Insitute)