2015 Lexus IS 350 Insurance Cost – 10 Policy Discounts

Searching for the cheapest auto insurance rates for your Lexus IS 350? Are you tired of scraping the payment together to pay your car insurance bill each month? You are in the same boat as most other car owners.

Multiple insurance companies compete for your insurance dollar, and it can be difficult to compare rates to find the absolute lowest rate possible.

You should make it a habit to get comparison quotes once or twice a year since insurance rates are constantly changing. Even if you think you had the best rates on IS 350 insurance six months ago other companies may now be cheaper. There is too much inaccurate information about auto insurance on the web, but I’m going to show you some tested techniques to stop overpaying for insurance.

The easiest way to compare car insurance company rates is to know the fact most of the bigger providers provide online access to compare their rates. The only thing you need to do is give them some information such as if your license is active, your credit rating estimate, if you lease or own, and which vehicles you own. Those rating factors is then submitted to many different companies and you will get price comparisons instantly.

Don’t overlook these ten discounts

Companies offering auto insurance don’t always publicize every discount in an easy-to-find place, so here is a list both well-publicized as well as the least known discounts you could be receiving.

  • Life Insurance – Companies who offer life insurance give a break if you buy auto and life insurance together.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10% on IS 350 insurance.
  • Bundle and Save – When you have multiple policies with one insurance company you will save approximately 10% to 15%.
  • Service Members Pay Less – Being on active duty in the military could be rewarded with lower premiums.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
  • No Accidents – Drivers with accident-free driving histories can earn big discounts as compared to frequent claim filers.
  • Theft Prevention Discount – Anti-theft and alarm systems help deter theft and will save you 10% or more.
  • Good Student Discount – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply up to age 25.
  • No Charge for an Accident – Some insurance companies allow you one accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • Drive Safe and Save – Safe drivers can pay as much as 50% less on IS 350 insurance than their less cautious counterparts.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. So when it seems like it’s possible to get free car insurance, you won’t be that lucky.

Car insurance companies who might offer these discounts are:

Check with every prospective company what discounts are available to you. All car insurance discounts might not be offered in every state.

Is my situation unique?

When choosing the right insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions might help in determining whether or not you might need an agent’s assistance.

  • I have health insurance so do I need medical payments coverage?
  • Which companies will insure high-risk drivers?
  • Do I benefit by insuring my home with the same company?
  • Are my friends covered when driving my 2015 Lexus IS 350?
  • Am I covered by my spouse’s policy after a separation?
  • Will I lose any money if I cancel my policy before it expires?
  • Am I insured when driving a different vehicle?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

The fine print in insurance ads

Insurance providers like Geico, State Farm and Progressive continually stream ads in print and on television. They all make an identical promise about savings after switching to them. How can each company say the same thing? This is how they do it.

Different companies have a certain “appetite” for the driver they prefer to insure. For instance, a preferred risk could be over the age of 50, owns a home, and has a short commute. Any driver that hits that “sweet spot” will qualify for the lowest rates and as a result will probably save when they switch companies.

Potential customers who don’t qualify for this ideal profile will be charged higher premiums and ends up with the driver buying from a lower-cost company. The ad wording is “customers that switch” not “people who quote” save that kind of money. This is how companies can advertise the savings. That is why drivers should get a wide range of price quotes. It is impossible to predict the company that will give you the biggest savings on Lexus IS 350 insurance.

Detailed coverages of your car insurance policy

Learning about specific coverages of your car insurance policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. Below you’ll find the usual coverages offered by car insurance companies.

Medical expense coverage – Med pay and PIP coverage reimburse you for immediate expenses such as nursing services, doctor visits, rehabilitation expenses, EMT expenses and dental work. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Coverage for liability – Liability coverage will cover damage that occurs to a person or their property. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things like emergency aid, bail bonds, structural damage, court costs and pain and suffering. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible.

Collision – Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as rolling your car, sustaining damage from a pot hole and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus IS 350.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive protection – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like falling objects, a broken windshield and damage from flooding. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Don’t throw your cash in the trash

We just presented many ways to reduce 2015 Lexus IS 350 insurance prices online. It’s most important to understand that the more companies you get rates for, the more likely it is that you will get a better rate. Consumers may even find the best prices are with a lesser-known regional company. They may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate or State Farm.

As you go through the steps to switch your coverage, you should never reduce coverage to reduce premium. In many instances, an insured cut comprehensive coverage or liability limits only to regret that the few dollars in savings costed them thousands. Your focus should be to get the best coverage possible at a price you can afford while not skimping on critical coverages.

Lower-priced insurance is attainable from both online companies and with local insurance agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

Additional insurance coverage information is available on the following sites: