Lower Your 2018 Lexus IS 350 Insurance Rates

Having to pay for expensive car insurance can bottom out your monthly budget and force you to prioritize other expenses.

Because there are so many options, it can be hard to pick the best car insurance company.

It’s a great practice to get comparison quotes on a regular basis because car insurance prices change quite often. If you had the lowest rates on IS 350 insurance six months ago there may be better deals available now. Forget anything you know (or think you know) about car insurance because you’re about to learn one of the quickest ways to lower your annual insurance bill.

Insurance Discounts

Some companies don’t necessarily list all possible discounts in a way that’s easy to find, so the list below details a few of the more well known and also the lesser-known discounts you could be receiving when you buy insurance online. If they aren’t giving you every credit you deserve, you may be paying too high a price.

• Student Driver Training – Have your child enroll and complete driver’s education in high school.
• Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower prices if you buy auto and life insurance together.
• Military Discounts – Having a deployed family member may lower your prices slightly.
• Own a Home and Save – Just owning your own home may trigger a policy discount on insurance because it requires personal responsibility.
• Senior Citizen Rates – If you’re over the age of 55, you may receive a slight reduction on a insurance quote on IS 350 insurance.
• Discounts for New Vehicles – Buying coverage on a new vehicle can save up to 30% because newer models keep occupants safer.
• ABS and Traction Control Discounts – Cars, trucks, and SUVs equipped with ABS or steering control are safer to drive and will save you 10% or more.
• Organization Discounts – Belonging to specific professional or occupational memberships or organizations is a good way to get lower rates on your next renewal.

Drivers should understand that most discounts do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as comprehensive or collision. Despite the fact that it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

A few popular companies and some of the discounts can be read below.

• Progressive includes discounts for continuous coverage, multi-vehicle, homeowner, online quote discount, multi-policy, and online signing.
• SAFECO policyholders can earn discounts including drive less, multi-car, accident prevention training, homeowner, anti-theft, anti-lock brakes, and bundle discounts.
• American Family has savings for TimeAway discount, early bird, bundled insurance, defensive driver, Steer into Savings, and air bags.
• MetLife may include discounts for multi-policy, good student, good driver, defensive driver, and claim-free.
• Geico offers discounts for emergency military deployment, air bags, anti-theft, anti-lock brakes, and military active duty.
• The Hartford has discounts for driver training, defensive driver, bundle, vehicle fuel type, air bag, and anti-theft.

Before purchasing a policy, check with every company how many discounts you can get. Some discounts might not be offered on policies in your area. If you would like to view insurers that offer some of these discounts, click this link.

The most recommended method to compare insurance rates from multiple companies is to know the trick car insurance companies have advanced systems to provide you with a free rate quote. To begin a comparison, all you need to do is give them rating details including if it has an anti-theft system, daily mileage, marital status, and the type of vehicles you drive. Your details is then submitted to many of the top insurers and you should receive rate quotes immediately.

Tailor your car insurance coverage to you

When choosing coverage for your vehicles, there is no single plan that fits everyone. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions may help you determine whether you might need professional guidance.

• Where can I find high-risk insurance?
• Is my camper covered by my car insurance policy?
• Can I rent a car in Mexico?
• Are my friends covered when driving my 2018 Lexus IS 350?
• When would I need rental car insurance?
• Does my insurance cover a custom paint job?
• What can I do if my company denied a claim?
• Why am I required to get a high-risk car insurance policy?
• Will I lose any money if I cancel my policy before it expires?

If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Auto insurance coverages

Learning about specific coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages found on most car insurance policies.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from flooding, fire damage and hitting a deer. The most a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

UM/UIM Coverage

This provides protection from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people 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 a good idea.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for hospital visits, chiropractic care, ambulance fees, X-ray expenses and funeral costs. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Collision protection

Collision insurance covers damage to your IS 350 resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision can pay for claims like backing into a parked car, driving through your garage door, sustaining damage from a pot hole and crashing into a building. 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 save money on collision insurance.

Liability car insurance

This protects you from damages or injuries you inflict on a person or their property. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for things like medical expenses, pain and suffering, emergency aid and attorney fees. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Save your cold hard cash

We just showed you a lot of ways to save on 2018 Lexus IS 350 insurance. 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 lowest prices come from a small mutual company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.

Cheaper insurance is available both online and also from your neighborhood agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies do not provide online rate quotes and most of the time these small, regional companies prefer to sell through independent insurance agencies.

To read more, feel free to browse the following helpful articles:

• Tools for Teen Driving Safety (State Farm)
• Insurance Losses by Make and Model (iihs.org)
• Safety Features for Your New Car (State Farm)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)