2014 Lexus IS F Insurance Rates – 6 Tips to Save

Consumers have lots of choices when looking for the lowest priced Lexus IS F insurance. You can either waste hours driving around getting price quotes or save time using the internet to get rate quotes. There is a right way and a wrong way to buy insurance so you’re going to learn the absolute fastest way to get price quotes for a Lexus and locate the cheapest rates.

Finding the best rates is quite easy. If you are paying for car insurance now, you should be able to save some money using this strategy. Drivers just need to understand how to compare prices over the internet.

Six discounts to earn affordable car insurance rates

Some providers do not list every policy discount in an easy-to-find place, so the next list breaks down both the well known as well as the least known credits that you can use to lower your rates.

• Discount for Good Grades – Performing well in school can earn a discount of 20% or more. You can use this discount normally until age 25.
• Seat Belts Save more than Lives – Buckling up and requiring all passengers to use a seat belt may be able to save a few bucks on the medical payments or PIP coverage costs.
• Online Discount – A handful of companies will give you a small discount for buying your policy over the internet.
• Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you can avoid monthly service charges.
• Anti-lock Brakes – Cars and trucks that have steering control and anti-lock brakes can avoid accidents so companies give up to a 10% discount.
• No Charge for an Accident – Not really a discount, but a handful of insurance companies will turn a blind eye to one accident without getting socked with a rate hike if your claims history is clear for a certain period of time.

Discounts lower rates, but some credits don’t apply to the entire cost. A few only apply to individual premiums such as comp or med pay. Even though it may seem like you can get free auto insurance, you won’t be that lucky.

A few popular companies and a summarized list of policyholder discounts are detailed below.

• State Farm discounts include Drive Safe & Save, passive restraint, multiple policy, safe vehicle, and good driver.
• Farmers Insurance offers premium reductions for teen driver, switch companies, pay in full, mature driver, bundle discounts, and distant student.
• Geico includes discounts for daytime running lights, multi-policy, emergency military deployment, defensive driver, and five-year accident-free.
• American Family may offer discounts for multi-vehicle, good driver, good student, mySafetyValet, bundled insurance, defensive driver, and Steer into Savings.
• Nationwide offers discounts including anti-theft, multi-policy, easy pay, business or organization, defensive driving, and good student.
• Progressive policyholders can earn discounts including homeowner, multi-vehicle, good student, continuous coverage, online quote discount, and online signing.

Before purchasing a policy, check with every company which discounts they offer. Discounts may not be available in your area.

Buy auto insurance online

Most of the larger companies like Progressive, Geico, Allstate and State Farm give prices online. Getting online quotes doesn’t take a lot of time because you just enter your coverage information into a form. When complete, their system automatically retrieves your driving and credit reports and generates pricing information based on these factors.

Online quotes makes it easy to compare insurance prices but the work required to visit a lot of sites and complete many quote forms can be a bit tiresome and repetitive. But it’s very important to get many rate quotes in order to find a lower rate.

A quicker way to compare rates uses one simple form to get prices from a lot of companies. It saves time, eliminates form submissions, and makes rate comparisons much easier to do. After sending the form, your coverage is rated and you are able to buy any one of the quotes returned. If one or more price quotes are lower than your current rates, you can click and sign and buy the new coverage. The whole process takes less than 15 minutes and could lower your rates considerably.

To use this form to compare rates, simply click here to open in new window and enter your vehicle and coverage information. If you currently have coverage, we recommend that you enter the limits and deductibles as shown on your current policy. Doing this guarantees you will receive a rate comparison for exact coverage.

Tailor your insurance coverage to you

When buying the right insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

These are some specific questions might help in determining if your situation would benefit from an agent’s advice.

• Does my insurance cover damage caused when ticketed for reckless driving?
• Is my vehicle covered by my employer’s policy when using it for work?
• When does my teenage driver need to be added to my policy?
• Should I bundle my homeowners policy with my auto?
• Do I need rental car coverage?
• Is my 2014 Lexus IS F covered for smoke damage?
• Am I covered when driving on a suspended license?
• Am I covered when driving someone else’s vehicle?
• Will I be non-renewed for getting a DUI or other conviction?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Car insurance coverage information

Having a good grasp of your car insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as falling objects, theft, a broken windshield, rock chips in glass and fire damage. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for collisions

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

Collision insurance covers things like rolling your car, sustaining damage from a pot hole and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like pain medications, funeral costs and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

UM/UIM Coverage

This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Liability auto insurance

This will cover injuries or damage you cause to a person or their property in an accident. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability can pay for things like structural damage, attorney fees, bail bonds, funeral expenses and court costs. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Final considerations

More affordable insurance coverage is possible both online and from local agencies, and you should be comparing both to get a complete price analysis. Some companies may not offer online price quotes and these small, regional companies sell through independent insurance agents.

Drivers leave their current company for many reasons like being labeled a high risk driver, delays in responding to claim requests, extreme rates for teen drivers and even denial of a claim. Regardless of your reason, finding a great new company can be less work than you think.

When trying to cut insurance costs, do not skimp on critical coverages to save a buck or two. In too many instances, someone dropped collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to get the best coverage possible at the lowest possible cost, not the least amount of coverage.

More information can be found at the links below

• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• A Tree Fell on Your Car: Now What? (Allstate)
• Teen Driving Statistics (iihs.org)
• Determing Auto Insurance Rates (Geico)
• Child Safety FAQ (iihs.org)
• Avoiding Deer Collisions (Insurance Information Insitute)