2006 Lexus IS 350 Insurance Quotes – 9 Savings Tips

Trying to find better insurance rates for your Lexus IS 350? Searching for better insurance prices for a Lexus IS 350 can be difficult, but you can learn the following methods to make it easier. There are more efficient ways to find insurance online so we’re going to tell you the best way to get price quotes on a Lexus and obtain the best price possible from both online companies and local agents.

If you are insured now or are looking for a new policy, you can use these tips to find the best rates and still get good coverage. Buying affordable insurance coverage is simple if you know the tricks. Vehicle owners just need to learn how to shop for insurance over the internet.

Insurance companies offer money-saving discounts

Car insurance companies do not advertise all possible discounts in a way that’s easy to find, so here is a list a few of the more common and also the lesser-known credits available to lower your premiums when you buy car insurance online.

• Discount for Life Insurance – Insurance companies who offer life insurance give better prices if you take out a life policy as well.
• Save over 55 – Seniors are able to get a small discount on rates on IS 350 insurance.
• Accident-Free Discounts – Insureds who avoid accidents and claims get the best insurance rates in comparison with drivers who are more careless.
• Passive Restraints – Factory options such as air bags could see savings of 25 to 30%.
• Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
• Good Driver Discount – Drivers without accidents can pay as much as 50% less on IS 350 insurance as compared to drivers with claims.
• Telematics Devices – Drivers who agree to allow driving data collection to study vehicle usage by using a telematic data system such as State Farm’s In-Drive might see lower rates if their driving habits are good.
• Good Grades Discount – Excelling in school may save as much as 25% on a car insurance quote. The good student discount can last up to age 25.
• College Student Discount – Any of your kids living away from home attending college and do not have a car may be insured at a cheaper rate.

Discounts reduce rates, but you should keep in mind that most discount credits are not given to the overall cost of the policy. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, it’s just not the way it works.

Large insurance companies and the discounts they provide are outlined below.

• Progressive policyholders can earn discounts including continuous coverage, multi-vehicle, online quote discount, online signing, and good student.
• MetLife may offer discounts for accident-free, good student, defensive driver, good driver, and multi-policy.
• Mercury Insurance may include discounts for anti-theft, multi-car, annual mileage, low natural disaster claims, accident-free, location of vehicle, and good student.
• Nationwide offers discounts for good student, accident-free, multi-policy, easy pay, defensive driving, business or organization, and anti-theft.
• Geico offers discounts including good student, defensive driver, anti-theft, federal employee, five-year accident-free, and driver training.
• AAA discounts include anti-theft, multi-car, pay-in-full, education and occupation, AAA membership discount, multi-policy, and good student.

Before you buy a policy, ask every prospective company which discounts you may be entitled to. Savings might not apply everywhere.

Do I just need basic coverages?

When choosing adequate coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different.

Here are some questions about coverages that might help in determining whether or not you might need professional guidance.

• What is the minimum liability in my state?
• If I drive on a suspended license am I covered?
• Is my teenager covered with friends in the car?
• Does medical payments coverage apply to all occupants?
• What can I do if my company denied a claim?
• What is the ISO rating for a 2006 Lexus IS 350?
• Should I sign the liability waiver when renting a car?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

Insurance coverages and their meanings

Having a good grasp of a insurance policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as pain medications, X-ray expenses, nursing services and ambulance fees. The coverages can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Collision protection

This coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as scraping a guard rail, colliding with a tree, backing into a parked car and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Auto liability

Liability coverage will cover damage or injury you incur to people or other property by causing an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against things like repair costs for stationary objects, court costs and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as damage to your Lexus IS 350.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Comprehensive insurance

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a broken windshield, theft, fire damage, damage from flooding and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Shop smart and save

You just learned many ideas to compare 2006 Lexus IS 350 insurance prices online. It’s most important to understand that the more price quotes you have, the higher your chance of finding inexpensive car insurance. You may even discover the best prices are with an unexpected company.

When buying insurance coverage, never buy poor coverage just to save money. There are many occasions where someone sacrificed full coverage only to discover later that it was a big error on their part. The aim is to purchase a proper amount of coverage at the best cost.

People who switch companies do it for many reasons like being labeled a high risk driver, extreme rates for teen drivers, poor customer service or lack of trust in their agent. Regardless of your reason for switching companies, finding a new company is actually quite simple.

More tips and info about auto insurance can be read at these sites:

• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• What is a Telematics Device? (Allstate)
• A Tree Fell on Your Car: Now What? (Allstate)
• Rental Car Insurance Tips (Insurance Information Insitute)
• Liability Insurance Coverage (Nationwide)
• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)