Lexus IS 350 Owners Learn the Cheapest Car Insurance Rates

Paying for high-priced Lexus IS 350 insurance can drain your bank account and make it hard to pay other bills. Shopping your coverage around is free, only takes a few minutes, and is a good way to lower your monthly bill. Because there are so many companies and agents to choose from, it can be impossible to find the best insurer.

You should make it a habit to get comparison quotes on a regular basis because prices change frequently. Even if you got the best deal on IS 350 insurance on your last policy you can probably find a better price now. Block out anything you think you know about car insurance because you’re about to learn the best way to properly buy coverages while reducing your premium.

Car Insurance Prices Online

There are a variety of methods to compare car insurance quotes, but there is one way that is less labor-intensive and much quicker. You could waste a few hours discussing policy coverages with agents in your area, or you can utilize online quotes to accomplish the same thing much quicker.

Many insurance companies belong to an insurance system where prospective buyers only type in their quote data once, and at least one company returns a rated price based on that information. This eliminates the need for repetitive form submissions for each company.

To compare pricing click here (opens in new window).

The one disadvantage to doing it this way is buyers cannot specifically choose which carriers to get quotes from. So if you want to choose specific insurance companies to compare prices, we put together a list of the cheapest car insurance companies in your area. Click here for list of insurance companies.

Whichever method you choose, ensure you’re using identical coverage limits on every quote. If you are comparing different liability limits it will be next to impossible to determine the best price for your Lexus IS 350.

Policy discounts you shouldn’t miss

Insurance can be prohibitively expensive, but discounts can save money and there are some available to reduce the price significantly. Certain discounts will be applied when you get a quote, but some must be manually applied prior to getting the savings. If they aren’t giving you every credit possible, you’re paying more than you need to.

Good Student – Performing well in school can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
Seat Belts Save more than Lives – Requiring all passengers to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.
Defensive Driving Course – Successfully completing a course in driver safety could save 5% or more if you qualify.
Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.
Student in College – Children living away from home attending college and don’t have a car may qualify for this discount.
Paperwork-free – A few companies may give you up to $50 for buying your policy digitally online.
Passive Restraints and Air Bags – Factory air bags or motorized seat belts may earn rate discounts up to 30%.
Anti-lock Brake Discount – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.

Drivers should understand that many deductions do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears it’s possible to get free car insurance, you won’t be that lucky. Any qualifying discounts will reduce the cost of coverage.

To see a list of insurers who offer car insurance discounts, follow this link.

But I prefer to buy car insurance from an agent

Certain consumers would rather get advice from a local agent and that is a personal choice. Agents can point out coverage gaps and help submit paperwork. One of the best bonuses of getting online price quotes is the fact that you can find the lowest rates but also keep your business local. And supporting local businesses is especially important if you live in a smaller city or town.

To help locate an agent, after submitting this quick form, the coverage information is sent to participating agents who will return price quotes for your insurance coverage. You never need to drive around as quotes are delivered to the email address you provide. How cool is that?! car insurance quote

The different types of insurance agents

When researching a good insurance agency, you need to know there are two different agency structures that differ in how they can insure your vehicles. Insurance agencies are either independent (non-captive) or captive. Both types can do a good job, but it’s worth learning how they are different because it can impact your selection of an agent.

Independent Agents (or Brokers)

These agents are not locked into one company but rather can write business amongst many companies and potentially find a lower price. To move your coverage to a new company, the agent simply finds a different carrier and you won’t have to switch agencies. When comparing rates, it’s recommended you get quotes from at a minimum one independent agency for maximum quote selection.

Captive Insurance Agents

This type of agents work for only one company like AAA, State Farm, Farmers Insurance and Allstate. They are unable to give you multiple price quotes so they have to upsell other benefits. Captives are well schooled in insurance sales which helps them sell insurance even at higher premiums.

For a complete listing of agencies, click here.

Deciding on an insurance agency requires more thought than just a low price. Here are some questions to ask:

Which insurance companies are they affiliated with?
Are they full-time agents?
Will your rates increase after a single accident?
Do you have coverage for a rental car if your vehicle is in the repair shop?
How long has their agency been in business?
Do they feel the quoted coverages are adequate?
Are there any hidden costs in their price quote and does it include driving and credit history?

Once you have good answers for all questions you ask and an acceptable price quote, you’ve probably found a car insurance agent that will service your policy.

Your coverage should be tailored to you

When it comes to buying the best car insurance coverage, there isn’t really a perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether your personal situation would benefit from professional advice.

Can I pay claims out-of-pocket if I buy high deductibles?
At what point should I drop full coverage?
Will my vehicle be repaired with OEM or aftermarket parts?
Is a new car covered when I drive it off the dealer lot?
If my Lexus IS 350 is totaled, can I afford another vehicle?
How high should my uninsured/underinsured coverage be in my state?
Who is covered when they drive my Lexus IS 350?
I have good health insurance, so how much medical payments coverage do I need?
Is rental equipment covered for theft or damage?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Why you might be paying too much to insure your Lexus IS 350

Smart consumers have a good feel for some of the elements that come into play when calculating car insurance rates. Having a good understanding of what influences your rates enables informed choices that could result in better car insurance rates.

The list below includes a partial list of the pieces car insurance companies consider when setting premiums.

High credit ratings translate to low rates – Credit history is a big factor in calculating your car insurance rates. If your credit score is not that good, you could be paying less to insure your Lexus IS 350 by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims than drivers who have lower credit scores.
Never allow your policy to lapse – Allowing your coverage to lapse will be a sure-fire way to trigger a rate increase. Not only will rates go up, but not being able to provide proof of insurance may earn you a license revocation or jail time.
Don’t get talked into coverage you don’t need – There are many add-on coverages you can purchase when buying car insurance. Insurance for personal injury protection, better glass coverage and additional equipment coverage may be wasting your money. They may seem like a good idea initially, but now you might not need them so eliminate the coverages to reduce your premium.
Men pay higher rates – Statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes are in accidents in similar numbers, but the men cause more damage. Men also statistically receive more costly citations like reckless driving and DUI. Young males are the most expensive to insure and thus pay the highest rates.
Pay less if you’re married – Having a wife or husband can get you a discount on your policy. It is viewed as being more mature than a single person and it’s proven that being married results in fewer claims.
More claims means more premium – If you file claims often, you can pretty much guarantee either a policy non-renewal or much higher rates. Car insurance companies award better rates to insureds who file claims infrequently. Auto insurance is intended for the large, substantial claims.

Is there deception in advertising?

Consumers constantly see and hear ads that promise big savings by companies like 21st Century, Allstate and State Farm. They all seem to say the same thing of big savings if you switch to them.

How can each company make almost identical claims?

All the different companies have a certain “appetite” for the driver that makes them money. An example of a desirable insured could possibly be a mature driver, has no prior claims, and has excellent credit. A propective insured who fits that profile will get very good rates and as a result will probably save when switching.

Potential customers who don’t meet the requirements must pay higher prices which usually ends up with business not being written. The ad wording is “customers that switch” not “people who quote” save that much. This is how insurance companies can make those claims.

This illustrates why you absolutely need to get as many comparisons as possible. Because you never know which insurance companies will give you the biggest savings.

Best coverage at the best price

As you go through the steps to switch your coverage, do not skimp on coverage in order to save money. In too many instances, an accident victim reduced uninsured motorist or liability limits and learned later that the savings was not a smart move. Your strategy should be to get the best coverage possible at a price you can afford, not the least amount of coverage.

Affordable Lexus IS 350 insurance can be purchased on the web and also from your neighborhood agents, and you should compare price quotes from both in order to have the best price selection to choose from. There are still a few companies who may not provide online price quotes and most of the time these regional insurance providers sell through independent agents.