How Much Does 2012 Lexus IS 350 Insurance Cost?

Looking for the cheapest insurance coverage rates for your Lexus IS 350? Finding the cheapest insurance for a Lexus IS 350 can normally be a lot of work, but you can follow these tips and make it easy.

There is a right way and a wrong way to find insurance coverage online and we’ll show you the best way to price shop coverage for a Lexus and get the lowest possible price.

Buy car insurance online

Comparing car insurance rates is a ton of work if you don’t utilize the best way to get rate quotes. You can spend your afternoon driving to local insurance agents in your area, or you can utilize online quoting to achieve your goal.

Many of the larger companies belong to a marketplace where insurance shoppers only type in their quote data once, and every company returns a rated price determined by their information. This saves time by eliminating repetitive form submissions to each individual car insurance company. To compare pricing click here to start a free quote.

The single downside to using this type of system is buyers cannot specifically choose the insurers to get pricing from. If you would rather choose specific insurance companies to receive pricing from, we have assembled a list of companies who write car insurance in your area. Click here for list of insurance companies.

It’s up to you which method you use, but be certain you are entering identical information for each price quote. If the quotes have different deductibles it will be next to impossible to determine which company has the best rates.

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More affordable rates by applying discounts

Auto insurance companies don’t always list all disounts very well, so we break down both the well known and also the lesser-known discounts that you may qualify for.

• Discount for New Cars – Putting insurance coverage on a new car may earn a small discount since new vehicles have better safety ratings.
• Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and earn discounts up to 10% off your auto insurance quote.
• Distant College Student Discount – Youth drivers who are attending college and do not have a car may be insured at a cheaper rate.
• Discount for Swiching Early – Some insurance companies reward drivers for buying a policy early. This can save 10% or more.
• Save over 55 – If you qualify as a senior citizen, you may receive a small discount on rates on IS 350 coverage.
• Braking Control Discount – Vehicles with anti-lock braking systems can stop better under adverse conditions and qualify for as much as a 10% discount.

A little disclaimer on discounts, most discounts do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like you could get a free auto insurance policy, it just doesn’t work that way.

Larger auto insurance companies and a selection of discounts can be read below.

• State Farm offers discounts for good driver, driver’s education, passive restraint, safe vehicle, Drive Safe & Save, and student away at school.
• Nationwide may include discounts for easy pay, defensive driving, Farm Bureau membership, anti-theft, and family plan.
• Geico offers premium reductions for membership and employees, anti-theft, anti-lock brakes, air bags, and seat belt use.
• AAA offers discounts including multi-car, multi-policy, good student, anti-theft, AAA membership discount, education and occupation, and good driver.
• 21st Century may offer discounts for driver training, anti-lock brakes, early bird, 55 and older, theft prevention, and homeowners.
• The Hartford has savings for bundle, defensive driver, air bag, anti-theft, good student, driver training, and vehicle fuel type.

If you are trying to find the cheapest auto insurance quotes, ask each insurance company which discounts you may be entitled to. A few discounts may not be offered in your area. For a list of insurance companies that offer discounts, follow this link.

Your insurance coverage coverage should be tailored to you

When buying the best insurance coverage coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different.

For instance, these questions can help discover if your insurance needs will benefit from professional help.

• Does my insurance cover damage caused when ticketed for reckless driving?
• Can I afford low physical damage deductibles?
• Which companies will insure high-risk drivers?
• Should I buy full coverage?
• Am I covered when driving someone else’s vehicle?
• Are split liability limits better than a combined single limit?
• Do I get a pro-rated refund if I cancel my policy early?
• Does coverage extend to Mexico or Canada?
• Will my insurance pay for OEM parts?
• How do I buy GAP insurance?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and can help protect your family.

How insurers calculate Lexus IS 350 insurance premiums

An important part of buying insurance is that you know some of the factors that go into determining the level of your policy premiums. If you have a feel for what controls the rates you pay, this allows you to make educated decisions that may reward you with lower rates. Lots of things are used in the calculation when you get a price on insurance. Some are obvious like an MVR report, but other criteria are not as apparent such as your marital status or how safe your car is.

Shown below are some of the factors insurance companies consider when setting premiums.

• Deter theft and save money – Owning a car that has a built-in theft deterrent system can earn a premium discount. Anti-theft devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent your vehicle from being stolen.
• Having a spouse can save on insurance – Having a significant other can get you a discount on your policy. Marriage means you’re more financially stable and statistics show married drivers get in fewer accidents.
• Bump up coverage deductibles to lower rates – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Lexus. Some examples of claims that would be covered are running into the backend of another car, damage caused by hail, and rolling your vehicle. The deductibles define how much you are required to spend out-of-pocket before a claim is paid by your company. The larger the amount you are required to pay out-of-pocket, the less your insurance will be on IS 350 coverage.
• Are you male or female? – Statistics demonstrate that females tend to be a little less risky than males. This data doesn’t prove that men are WORSE drivers than women. Both genders cause at-fault accidents in similar numbers, but the men tend to have more serious accidents. Men also tend to get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Young men ages 16 to 20 cause the most accidents and therefore have the most expensive insurance rates.
• Incidental coverages may be wasting money – There are a lot of extra coverages that you can buy if you aren’t careful. Add-on coverages like roadside assistance, better glass coverage, and term life insurance are examples of these. You may think they are a good idea at first, but your needs may have changed so eliminate the coverages to reduce your premium.
• Choose high safety ratings and save – Vehicles with high crash test scores are cheaper to insure. Safe vehicles result in less severe injuries and reduced instances of injuries translates into savings for insurance companies and more competitive rates for policyholders. If your Lexus IS 350 scored at minimum four stars on Safercar.gov you are probably receiving a discount.
• Too many claims and you’ll pay more – Auto insurance companies provide cheaper rates to people who are claim-free. If you frequently file small claims, you can look forward to higher rates. Insurance coverage is meant to be used in the event of the large, substantial claims.

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Insurance policy coverages for a Lexus IS 350

Knowing the specifics of insurance can help you determine which coverages you need and proper limits and deductibles. Insurance terms can be confusing and even agents have difficulty translating policy wording.

Collision coverages – This pays for damage to your IS 350 caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as rolling your car, sustaining damage from a pot hole, colliding with another moving vehicle and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Medical expense coverage – Medical payments and Personal Injury Protection insurance reimburse you for bills like dental work, ambulance fees, nursing services and chiropractic care. The coverages can be used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Comprehensive protection – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as falling objects, a broken windshield, fire damage, theft and vandalism. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability car insurance – Liability coverage will cover damage or injury you incur to a person or their property that is your fault. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per 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, repair bills for other people’s vehicles, court costs, medical expenses and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured or underinsured coverage – Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your 2012 Lexus IS 350.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually these coverages are set the same as your liablity limits.

Get your money’s worth

As you quote auto insurance, you should never reduce coverage to reduce premium. There have been many situations where someone sacrificed comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. The goal is to find the BEST coverage for the lowest cost.

Throughout this article, we presented many tips how you can reduce 2012 Lexus IS 350 insurance prices online. The most important thing to understand is the more providers you compare, the higher your chance of finding inexpensive auto insurance. You may be surprised to find that the lowest priced insurance coverage comes from some of the smallest insurance companies.

Consumers change insurance companies for a variety of reasons including not issuing a premium refund, questionable increases in premium, an unsatisfactory settlement offer and even delays in responding to claim requests. Regardless of your reason for switching companies, finding a new company is pretty simple and you could end up saving a buck or two.

For more information, link through to the resources below:

• Things to Know Before you Cancel Insurance (Allstate)
• Vehicle Size and Weight FAQ (iihs.org)
• Air Bags: Potential Dangers to Your Children (Insurance Information Insitute)
• Insuring a Leased Car (Insurance Information Insitute)

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