2015 Lexus IS 250 Insurance Cost – 8 Tricks for Best Prices

Trying to find cheaper insurance for a Lexus IS 250 can be a painful process, but you can use a few tricks to save time.

There is a better way to compare car insurance rates and you need to know the absolute fastest way to quote coverages for a new or used Lexus and get the lowest possible price from local insurance agents and online providers.

It is always a good idea to shop coverage around on a regular basis since prices change frequently. Even if you think you had the best price on IS 250 insurance a couple years back you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because it’s time to teach you the fastest and easiest way to find lower rates on car insurance.

If you are insured now or are just looking to switch companies, you will benefit by learning to reduce the price you pay and still get good coverage. Buying the best insurance is quite easy. Drivers only need to know how to compare price quotes online.

Auto insurance discounts are available to cut your rates

Some providers do not list their entire list of discounts very well, so we researched a few of the more common as well as some of the hidden credits available to bring down your rates. If you’re not getting every credit you qualify for, you could be paying more than you need to.

• Multi-line Discount – Select companies reward you with a lower rate if you buy life insurance.
• Employee of Federal Government – Active or former government employment could qualify for a slight premium decrease on IS 250 insurance with a few auto insurance companies.
• Braking Control Discount – Anti-lock brake equipped vehicles are much safer to drive and will save you 10% or more.
• Pay Now and Pay Less – By making one initial payment instead of making monthly payments you may reduce your total bill.
• Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class as it can save substantially.
• Bundled Policy Discount – If you can combine your homeowners and auto policy and place coverage with the same company you could get a discount of up to 20% off your total premium.
• Telematics Devices – Drivers that enable data collection to spy on when and where they use their vehicle through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease as long as they are good drivers.
• Homeowners Savings – Just being a homeowner may trigger a policy discount on auto insurance since home ownership is proof of financial responsibility.

Drivers should understand that most discount credits are not given to the entire policy premium. Some only reduce specific coverage prices like liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, it doesn’t quite work that way. Any amount of discount will help lower your premiums.

A list of companies and their possible discounts can be found below.

• State Farm may include discounts for defensive driving training, student away at school, Steer Clear safe driver discount, multiple policy, driver’s education, good student, and good driver.
• Geico includes discounts for good student, federal employee, military active duty, anti-theft, and seat belt use.
• Progressive may offer discounts for good student, online signing, continuous coverage, online quote discount, multi-policy, multi-vehicle, and homeowner.
• 21st Century offers premium reductions for theft prevention, anti-lock brakes, good student, student driver, and early bird.
• American Family offers discounts for accident-free, bundled insurance, air bags, good driver, multi-vehicle, Steer into Savings, and mySafetyValet.
• The Hartford may have discounts that include driver training, bundle, anti-theft, vehicle fuel type, good student, and defensive driver.
• AAA has discounts for education and occupation, multi-policy, pay-in-full, multi-car, anti-theft, and good driver.

If you need the cheapest car insurance quotes, ask each insurance company to give you their best rates. Some of the earlier mentioned discounts may not apply to policyholders in your area.

The cheapest insurance price quotes

The majority of larger companies like Progressive, Allstate and Geico allow consumers to get prices for coverage direct online. Getting quotes doesn’t take a lot of time as you just type in as requested by the quote form. When complete, the quote system will obtain your credit score and driving record and generates a price.

This makes it a lot easier to compare rates but the time required to go to several different sites and type in the same data is repetitive and time-consuming. But it’s necessary to get many rate quotes in order to find the lowest insurance rates.

Compare rates the easy way

The smarter way to find cheaper rates requires only one form that analyzes rates from several different companies. This type of form saves time, eliminates form submissions, and makes price shopping online much more enjoyable. Immediately after you send the form, it gets priced and you are able to buy any one of the pricing results.

If you find a better price you simply finish the application and buy the new coverage. This process just takes a couple of minutes and may save quite a bit of money.

To use this form to compare rates, click here and complete the simple form. If you have a policy now, it’s recommended you enter identical to your current policy. Doing this guarantees you will get a fair comparison using the same coverage and limits.

Everyone needs different insurance coverages

When it comes to buying proper insurance coverage, there really is no one size fits all plan. Every situation is different.

For instance, these questions can aid in determining whether or not you might need professional guidance.

• Does my policy cover me when driving someone else’s vehicle?
• When would I need additional glass coverage?
• Is my teenager covered with friends in the car?
• Is a fancy paint job covered?
• How do I insure my teen driver?
• Should I sign the liability waiver when renting a car?
• Should I carry comprehensive and collision coverage?
• When do I need to add a new car to my policy?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance coverage basics

Knowing the specifics of a auto insurance policy can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your 2015 Lexus IS 250.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.

Comprehensive insurance

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like damage from getting keyed, hail damage, falling objects, damage from a tornado or hurricane and a tree branch falling on your vehicle. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for short-term medical expenses for X-ray expenses, pain medications, rehabilitation expenses and dental work. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability coverage can cover injuries or damage you cause to people or other property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability insurance covers claims such as emergency aid, legal defense fees, court costs, medical expenses and funeral expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Auto collision coverage

Collision insurance pays for damage to your IS 250 caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as sustaining damage from a pot hole, crashing into a ditch, colliding with a tree, crashing into a building and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Don’t break the bank

In this article, we covered some good ideas how you can shop for 2015 Lexus IS 250 insurance online. The key thing to remember is the more rate comparisons you have, the higher your chance of finding affordable car insurance. Consumers could even find that the best price on insurance coverage is with a company that doesn’t do a lot of advertising.

People switch companies for a variety of reasons including policy cancellation, delays in responding to claim requests, being labeled a high risk driver and even lack of trust in their agent. It doesn’t matter what your reason, choosing a new company can be easy and end up saving you some money.

When shopping online for insurance coverage, never skimp on critical coverages to save a buck or two. There are many occasions where an insured cut collision coverage only to regret at claim time that it was a big error on their part. The proper strategy is to get the best coverage possible at the best price, but do not sacrifice coverage to save money.

Additional resources

• Top Signs Your Brakes are Giving Out (State Farm)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Neck Injury FAQ (iihs.org)
• Cellphones, Texting and Driving (iihs.org)
• Information for Teen Drivers (Geico)