2009 Lexus IS 350 Insurance Quotes – 8 Ideas for Best Rates

I can’t think of a single person who looks forward to paying premiums for car insurance, especially when their premiums are through the roof. Consumers have so many insurers to purchase coverage from, and although it’s a good thing to have a choice, more options can take longer to find the best rates.

Consumers should take time to quote other rates at least once a year because car insurance rates are rarely the same from one policy term to another. Despite the fact that you may have had the lowest premium rates for IS 350 coverage two years ago you may be paying too much now. Don’t believe everything you read about car insurance out there, but in just a couple of minutes you can learn a bunch of ideas how to quit paying high car insurance rates.

Locating cheaper coverage is easy if you know what you’re doing. If you have a current insurance policy or are shopping for new coverage, you can learn to get lower rates while maintaining coverages. Drivers just need to understand the tricks to shop on the web.

More discounts mean affordable premiums

Auto insurance companies do not advertise every discount very clearly, so we took the time to find both the well known and also the more inconspicuous credits that you can use to lower your rates. If you do not check that you are getting every discount you qualify for, you are paying more than you should be.

• Seat Belt Discounts – Buckling up and requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
• Savings for New Vehicles – Adding a new car to your policy is cheaper compared to insuring an older model.
• Good Students Pay Less – Getting good grades can save 20 to 25%. The discount lasts until age 25.
• Military Rewards – Being deployed with a military unit may qualify for rate reductions.
• Discounts for Federal Employees – Employees or retirees of the government could provide a small rate reduction for IS 350 coverage depending on your insurance coverage provider.
• Discounts for Cautious Drivers – Drivers without accidents can get discounts for up to 45% lower rates for IS 350 coverage as compared to drivers with claims.
• One Accident Forgiven – This isn’t a discount exactly, but a handful of insurance companies allow you one accident before hitting you with a surcharge so long as you are claim-free for a set time period.
• No Accidents – Drivers who don’t have accidents have much lower rates as opposed to policyholders that have many claims.

One last thing about discounts, most discounts do not apply to your bottom line cost. A few only apply to specific coverage prices like comp or med pay. So even though you would think adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

Companies and the discounts they provide can be read below.

• State Farm has discounts for driver’s education, good driver, passive restraint, Drive Safe & Save, anti-theft, and multiple autos.
• Farmers Insurance may have discounts that include youthful driver, mature driver, pay in full, early shopping, alternative fuel, and good student.
• Geico has savings for good student, emergency military deployment, defensive driver, membership and employees, and daytime running lights.
• American Family offers discounts including accident-free, air bags, bundled insurance, defensive driver, Steer into Savings, and TimeAway discount.
• Nationwide offers premium reductions for family plan, Farm Bureau membership, anti-theft, multi-policy, and defensive driving.
• Progressive offers discounts for multi-policy, continuous coverage, homeowner, multi-vehicle, online quote discount, and online signing.

Before buying, ask every insurance company to apply every possible discount. Some of the earlier mentioned discounts might not be offered in every state. To see insurance companies with discount insurance coverage rates, click this link.

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It’s not one size fits all

When it comes to buying the best car insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions may help highlight if you might need professional guidance.

• I have good health insurance, so how much medical payments coverage do I need?
• Will filing a claim cost me more?
• If I drive on a suspended license am I covered?
• Am I covered if I break a side mirror?
• When should my teen driver be added to my policy?
• Are my tools covered if they get stolen from my vehicle?
• What is an SR-22 filing?
• Can I get a multi-policy discount?
• Is my Lexus IS 350 covered if I use it for business?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Ads can be misleading

Consumers get pounded daily by advertisements that claim the lowest premium rates by companies like State Farm, Geico and Progressive. They all make the same claim that drivers will save a bundle if you move to their company.

How does each company charge you a lower premium? This is how they do it.

Many companies look for specific characteristics for the type of insured that will most likely be profitable. An example of a profitable insured might be over age 30, has never had a claim, and has excellent credit. A driver who meets those qualifications will get very good car insurance rates and as a result will probably save when switching.

People who don’t qualify for this ideal profile may receive higher premium rates which translates to the customer not buying. If you listen to the ad wording, they say “customers who switch” not “everyone that quotes” can save as much as they claim. That’s why insurance companies can confidently claim big savings.

That is why drivers must compare as many free auto insurance quotes as you can. Because without a comparison, you cannot know which insurance companies will provide the lowest car insurance rates.

Educate yourself about car insurance coverages

Understanding the coverages of your car insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types found on the average car insurance policy.

Coverage for liability

This protects you from injuries or damage you cause to a person or their property that is your fault. Liability coverage has three 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 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is a combined limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers things like legal defense fees, pain and suffering, bail bonds, attorney fees and medical expenses. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as hail damage, falling objects, damage from flooding and damage from a tornado or hurricane. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your Lexus IS 350.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Frequently these coverages are set the same as your liablity limits.

Collision insurance

This coverage will pay to fix damage to your IS 350 from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like rolling your car, damaging your car on a curb, colliding with a tree, crashing into a building and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Insurance for medical payments

Med pay and PIP coverage reimburse you for short-term medical expenses for hospital visits, ambulance fees, nursing services and surgery. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

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Shop smart and save

As you shop your coverage around, never reduce coverage to reduce premium. In too many instances, consumers will sacrifice liability coverage limits only to find out that their decision to reduce coverage ended up costing them more. Your objective should be to purchase plenty of coverage at the lowest possible cost while still protecting your assets.

We just showed you some good ideas how you can reduce 2009 Lexus IS 350 insurance car insurance rates online. The key thing to remember is the more companies you get premium rates for, the better your comparison will be. You may be surprised to find that the best price on auto insurance is with the smaller companies. Some small companies may often insure only within specific states and give getter rates compared to the large companies like Allstate, Geico and Progressive.

Other information

• Speed and Speed Limit FAQ (iihs.org)
• Airbag FAQ (iihs.org)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Red Light Cameras (State Farm)
• Should I Buy a New or Used Car? (Allstate)

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