Lower Your 2015 Lexus IS 350 Car Insurance Rates

Trying to find the cheapest insurance rates for your Lexus IS 350? Are you at wits end from not being able to afford to insure your Lexus every month? You have the same problem as many other consumers. Insurance companies such as State Farm, Farmers Insurance, Geico and Allstate persitently shower you with catchy ads and it is difficult to see through the cute green geckos and mayhem and take the time to shop coverage around.

Free car insurance quotes

Effectively comparing car insurance prices can be a daunting task if you don’t know the most efficient way to do it. You could waste time driving to insurance agencies in your area, or you could use the web to accomplish the same thing much quicker.

Many of the larger companies are enrolled in a marketplace where prospective buyers submit their information once, and each participating company can provide price quotes. This prevents consumers from doing repetitive form submissions to every company.

To submit your quote information now, click here (opens in new window).

The only drawback to comparing rates this way is that you can’t choose which providers to receive prices from. If you wish to select specific insurance companies to compare, we have a page of the cheapest car insurance companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but make absolute certain that you use exactly the same quote data for every company. If the quotes have differing limits then you won’t be able to truly determine the lowest rate.

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Get lower rates with discounts

Some insurance providers don’t always publicize all possible discounts very clearly, so the following is a list of some of the best known in addition to some of the lesser obvious discounts you could be receiving when you buy car insurance online.

• Senior Citizens – Drivers over the age of 55 are able to get a discount up to 10% on IS 350 coverage.
• Good Grades Discount – Excelling in school can earn a discount of 20% or more. The good student discount can last up to age 25.
• Discount for Home Ownership – Owning a home can get you a discount since owning and maintaining a home demonstrates responsibility.
• More Vehicles More Savings – Having primary and secondary vehicles with one company may reduce the rate for each vehicle.
• Discounts for Government Workers – Having worked for a branch of the government could qualify for a slight premium decrease on IS 350 coverage with a few car insurance companies.
• No Claim Discounts – Insureds with no claims or accidents pay less compared to drivers with a long claim history.
• Distant Student Discount – living away from home attending college and won’t have access to an insured vehicle could get you a discount.
• Club Memberships – Affiliation with certain professional organizations could trigger savings on your next car insurance statement.
• Air Bag Discount – Vehicles equipped with air bags or automatic seat belts may qualify for discounts as much as 30%.

Discounts save money, but please remember that some of the credits will not apply the the whole policy. A few only apply to individual premiums such as collision or personal injury protection. So even though you would think you can get free auto insurance, companies don’t profit that way. Any amount of discount will cut your overall bill.

Insurance companies that may offer some of the above discounts possibly include:

• Progressive
• Geico
• State Farm
• Esurance
• The Hartford

When comparing rates, check with every insurance company how you can save money. Some of the discounts discussed earlier might not be offered on policies in your state. To find providers that offer discounts, follow this link.

What is the best auto insurance coverage?

When choosing the best auto insurance coverage for your vehicles, there really is no perfect coverage plan. Every situation is different and your policy should reflect that. These are some specific questions can aid in determining whether you could use an agent’s help.

• Is a new car covered when I drive it off the dealer lot?
• If my 2015 Lexus IS 350 is totaled, can I afford another vehicle?
• Where can I get insurance after a DUI in my state?
• Does my policy pay for OEM or aftermarket parts?
• Should I buy full coverage?
• How much liability coverage do I need in my state?
• Why do I only qualify for high-risk insurance?
• Is my vehicle covered by my employer’s policy when using it for work?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Why your insurance costs might be higher

Multiple criteria are part of the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, although some other factors are less obvious such as your credit history or how safe your car is.A large part of saving on insurance coverage is knowing the rating factors that play a part in calculating the rates you pay for insurance coverage. If you have some idea of what controls the rates you pay, this enables informed choices that can earn you much lower annual insurance costs.

• Good credit scores equal low prices – Having a good credit score can be a huge factor in determining what you pay. Drivers with high credit ratings tend to be less risk to insure as compared to drivers with lower ratings. If your credit could use some work, you could be paying less to insure your 2015 Lexus IS 350 by repairing your credit.
• Never let your insurance coverage policy lapse – Not having insurance is against the law and your next policy will cost more because you let your coverage cancel without a new policy in place. Not only will rates go up, getting caught without coverage will get you a fine, jail time, or a revoked license. You could then be forced to prove you have insurance by filing a SR-22 with your state DMV.
• Careless drivers pay higher premiums – How you drive has a big impact on rates. Having a single speeding ticket can increase rates to the point where it’s not affordable. Drivers with clean records pay less for auto insurance than bad drivers. Drivers with flagrant citations like reckless driving or DUI might be required by their state to submit a SR-22 form with their state in order to prevent their license from being revoked.
• How much liability do you need? – Liability coverage is the protection if you are determined to be liable for personal injury or accident damage. It provides legal defense to attempt to prove you were not liable. Liability insurance is quite affordable compared to comp and collision, so buy as much as you can afford.

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Auto insurance 101

Having a good grasp of auto insurance can be of help when determining which coverages you need at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are the usual coverages available from auto insurance companies.

Uninsured and underinsured coverage

This coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Lexus IS 350.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits are similar to your liability insurance amounts.

Liability

Liability insurance provides protection from damage or injury you incur to other people or property by causing an accident. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for claims such as court costs, structural damage, repair costs for stationary objects, attorney fees and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a parking meter, crashing into a ditch and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Comprehensive coverages

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like theft, damage from a tornado or hurricane, falling objects, vandalism and hail damage. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as nursing services, rehabilitation expenses and pain medications. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

A penny saved is a penny earned

As you shop your coverage around, don’t be tempted to reduce coverage to reduce premium. In many cases, consumers will sacrifice physical damage coverage only to regret that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible for the lowest price, but don’t skip important coverages to save money.

Some auto insurance companies do not offer online quoting and many times these small insurance companies work with local independent agencies. Low-cost 2015 Lexus IS 350 insurance is definitely available on the web and from local agencies, so you should be comparing quotes from both in order to have the best price selection to choose from.

Much more information about auto insurance can be read on the following sites:

• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Air Bags: Potential Dangers to Your Children (Insurance Information Insitute)
• Things to Know Before you Cancel Insurance (Allstate)

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