2003 Lexus IS 300 Insurance Quotes

Shopping for low-cost car insurance over the internet may seem to be challenging for drivers that are not comfortable with quoting and online price comparisons. With such a big selection of agents and insurers available, how can you even start to compare every possible option in order to find better rates?

It’s smart to compare premium rates once or twice a year because insurance prices are usually higher with each renewal. If you had the best deal on IS 300 insurance a couple years back you can probably find a better rate quote now. Ignore everything you know about car insurance because it’s time to teach you how to quote online to reduce your cost while increasing coverage.

Earn discounts on car insurance

Some companies don’t always publicize the entire discount list very clearly, so the next list breaks down some of the best known and the more hidden discounts that you can inquire about if you buy insurance online.

• Auto/Home Discount – When you have multiple policies with the same insurance company you will save up to 20% off your total premium.
• First Accident Forgiveness – Not a discount per se, but companies like State Farm and Allstate will turn a blind eye to one accident before raising your premiums so long as you are claim-free prior to being involved in the accident.
• Multi-line Discount – Not all car insurance companies offer life insurance, but some may give you a break if you buy a life policy as well.
• Theft Prevention Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems help deter theft and will save you 10% or more.
• Anti-lock Brakes – Vehicles with anti-lock braking systems can reduce accidents so you can save 10 percent or more.
• Driver Training Discounts – Successfully completing a course in safe driver could save 5% or more and easily recoup the cost of the course.
• Senior Discount – Seniors could receive lower premium rates on IS 300 insurance.
• Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts can save up to 15% off PIP or medical payments premium.
• Savings for New Vehicles – Insuring a vehicle that is new can cost up to 25% less because newer vehicles keep occupants safer.
• Driver’s Ed – Reduce the cost of insurance for teen drivers by having them take driver’s ed class if it’s offered in school.

As a disclaimer on discounts, most discounts do not apply to the entire policy premium. Most cut the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears all those discounts means the company will pay you, nobody gets a free ride.

Larger car insurance companies and their offered discounts can be found below.

• Progressive has discounts for good student, continuous coverage, multi-vehicle, multi-policy, homeowner, online quote discount, and online signing.
• The Hartford offers premium reductions for driver training, good student, defensive driver, anti-theft, bundle, air bag, and vehicle fuel type.
• Mercury Insurance discounts include age of vehicle, location of vehicle, type of vehicle, annual mileage, ease of repair, and professional/association.
• Geico offers discounts including daytime running lights, emergency military deployment, defensive driver, air bags, and five-year accident-free.
• AAA policyholders can earn discounts including multi-policy, good driver, education and occupation, anti-theft, AAA membership discount, multi-car, and pay-in-full.
• State Farm offers discounts for driver’s education, Drive Safe & Save, safe vehicle, defensive driving training, good driver, multiple policy, and student away at school.

Before purchasing a policy, check with every company which credits you are entitled to. Some discounts might not apply in your area. To see car insurance companies that offer the discounts shown above, click this link.

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Tailor your insurance coverage coverage to you

When choosing adequate coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique.

These are some specific questions can aid in determining whether you might need an agent’s assistance.

• Am I covered when delivering products for my home-based business?
• What is the difference between comprehensive and collision coverage?
• What is an SR-22 filing?
• Am I covered if my car is in a flood?
• Are my friends covered when driving my car?
• What is high-risk coverage and where do I buy it?
• Can I afford to pay high deductible claims out of pocket?
• Should I rate my 2003 Lexus IS 300 as pleasure use or commute?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form.

Car insurance in the media

Companies like State Farm, Geico and Progressive constantly bombard you with television, radio, and online ads. All the companies make the same claim of big savings if you switch to them. It sounds good, but how can they all give you a better price? You have to listen carefully.

Companies provide the lowest rates for the type of customer that earns them the most money. One example of this type of risk profile could be over age 30, owns a home, and drives a car with an anti-theft system. Any customer who fits those characteristics will qualify for the lowest auto insurance rates and is almost guaranteed to save quite a bit of money when switching.

Potential customers who don’t qualify for the requirements may be required to pay higher rates which translates to the customer not buying. The ads state “drivers that switch” not “all people who quote” will save that much if they switch. This is how companies can advertise the savings.

Because of these techniques, drivers must compare free insurance quotes often. It is impossible to predict which car insurance company will fit your personal profile best.

Insurance coverage basics

Understanding the coverages of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Comprehensive (Other than Collision)

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as fire damage, a broken windshield, damage from flooding and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

Collision coverage covers damage to your IS 300 resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as sustaining damage from a pot hole, scraping a guard rail, driving through your garage door and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for bills like doctor visits, pain medications and dental work. They are often utilized in addition to your health insurance program or if you lack health insurance entirely. It covers you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers

This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Lexus IS 300.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these coverages are identical to your policy’s liability coverage.

Liability car insurance

This coverage can cover injuries or damage you cause to other’s property or people. This coverage protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage protects against things like pain and suffering, emergency aid, legal defense fees, medical expenses and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

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Get your money’s worth

Discount 2003 Lexus IS 300 insurance is available both online and with local insurance agents, and you should compare rates from both in order to have the best chance of saving money. Some insurance providers may not provide online price quotes and many times these small, regional companies prefer to sell through independent insurance agents.

Insureds change insurance companies for many reasons like delays in paying claims, lack of trust in their agent, high rates after DUI convictions or policy non-renewal. Regardless of your reason, switching insurance companies is pretty easy and you might even save some money in the process.

In this article, we presented many ideas to reduce 2003 Lexus IS 300 insurance prices online. It’s most important to understand that the more rate quotes you have, the better likelihood of getting affordable insurance. You may even discover the most savings is with a company that doesn’t do a lot of advertising.

Additional insurance information can be found at these links:

• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Learn About Car Insurance (Geico)
• Tools for Teen Driving Safety (State Farm)
• Safe Vehicles for Teens (iihs.org)

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