How Much Does 2016 Lexus IS 350 Insurance Cost?

Nobody is fond of buying insurance, especially when they could find better prices if they shop around. Online insurance companies like Geico and Progressive all claim big savings with fancy advertisements and it is challenging if not impossible to ignore the flashy ads and find the best price available.

You should take the time to check insurance prices once or twice a year since prices are constantly changing. Even if you got the lowest rates for IS 350 insurance a year ago other companies may now be cheaper. There is a lot of wrong information about insurance on the web, but you can learn some great ideas on how to save money.

Quote car insurance online

Shopping for lower car insurance rates can be a daunting task if you don’t utilize the most efficient way to do it. You could waste a few hours talking to agents in your area, or you could save time and use online quotes to accomplish the same thing much quicker.

The majority of car insurance companies belong to a marketplace that allows shoppers to only type in their quote data once, and each participating company returns a competitive quote based on that information. This system prevents you from having to do repetitive form submissions for every car insurance company.

To enter your information into the quoting system, click to open in new window.

The one disadvantage to doing it this way is buyers cannot specifically choose the insurers you want pricing from. If you prefer to choose from a list of companies to request quotes from, we have a page of companies who write car insurance in your area. View list of insurance companies.

You can use whichever method you prefer to find lower rates, just be sure to compare nearly identical coverages for each price quote. If you use higher or lower deductibles it will be next to impossible to determine the lowest rate for your Lexus IS 350.

When should I discuss my situation with an agent?

When it comes to buying coverage, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions may help highlight if your insurance needs might need an agent’s assistance.

• What is the difference between comprehensive and collision coverage?
• Will my rates increase for filing one claim?
• What is UM/UIM insurance?
• Should I have a commercial auto policy?
• Why do I need rental car insurance?
• Is my vehicle covered by my employer’s policy when using it for work?
• Do I really need UM/UIM coverage?
• Should I bundle my homeowners policy with my auto?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, free and may give you better protection.

Information about specific coverages

Knowing the specifics of insurance helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are typical coverage types found on most insurance policies.

Medical costs insurance

Med pay and PIP coverage provide coverage for expenses like nursing services, chiropractic care and rehabilitation expenses. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. It covers you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible

Collision protection

Collision insurance covers damage to your IS 350 caused by collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like driving through your garage door, hitting a parking meter, crashing into a ditch, sustaining damage from a pot hole and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Liability car insurance

This provides protection from damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as attorney fees, medical services and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

UM/UIM Coverage

This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Lexus IS 350.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, rock chips in glass, damage from flooding, hitting a bird and a broken windshield. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.