Lower Your 2017 Lexus IS 300 Insurance Rates

Looking for better auto insurance rates for your Lexus IS 300? Being forced to pay for expensive auto insurance premiums can consume your budget and force you to make sacrifices. Comparison shopping can be a smart way to tighten up your finances.

Since you have so many insurance providers from which to choose, it can be diffult for drivers to choose the best insurance company.

Smart consumers take time to get comparison quotes every six months because insurance prices are constantly changing. If you had the lowest rate on IS 300 coverage a few years ago other companies may now be cheaper. Forget all the misinformation about auto insurance because I’m going to let you in on the secrets to the tricks you need to know to lower your rates without sacrificing coverage.

Choosing the best insurance company for you is not rocket science. Essentially everyone who shops for insurance coverage will most likely be able to lower their premiums. But drivers must comprehend how companies market insurance on the web because it can help you find the best coverage.

Take advantage of with these discounts

Not many people think insurance is cheap, but you might find some hidden discounts that can drop the cost substantially. A few discounts will automatically apply at quote time, but less common discounts must be specially asked for in order for you to get them.

• Discount for New Cars – Insuring a new car can save up to 30% since new model year vehicles have better safety ratings.
• E-sign – Some of the larger companies may give you up to $50 for signing up on their website.
• Senior Citizen Discount – Drivers that qualify as senior citizens may be able to get reduced rates on IS 300 coverage.
• Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course if it’s offered in school.
• Safety Course Discount – Completing a course that instructs on driving safety could cut 5% off your bill if your company offers it.

As a footnote on discounts, most credits do not apply to the entire cost. A few only apply to individual premiums such as medical payments or collision. So when it seems like you could get a free insurance policy, it’s just not the way it works.

Some of the larger companies that may have these benefits include:

• State Farm
• Geico
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

When getting a coverage quote, ask each company which discounts they offer. Savings may not be offered in your area.

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Your situation helps dictate your coverage

When choosing adequate coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions might point out if you might need professional guidance.

• Is my custom paint covered by insurance?
• What discounts do I qualify for?
• Does my policy cover me when driving someone else’s vehicle?
• Do I really need UM/UIM coverage?
• Should I waive the damage coverage when renting a car?
• What are the financial responsibility laws in my state?

If you’re not sure about those questions then you might want to talk to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance coverage companies in your area.

Don’t be fooled by advertising claims

Respected companies like 21st Century, Allstate and State Farm consistently run ads on TV and radio. They all seem to advertise claims that you’ll save big if you move to them. It sounds good, but how can they all make almost identical claims? It’s all in how they say it.

Most companies have specific characteristics for the type of driver that earns them the highest profit. For instance, a preferred risk could possibly be between the ages of 30 and 50, has a clean driving record, and does not commute to work. Any new insured that matches those criteria receives the best car insurance rates and have a good chance to save if they switch.

Potential customers who do not meet this stringent profile will be charged a more expensive rate and this can result in the customer buying from someone else. The trick companies use is to say “drivers that switch” not “all people who quote” can save as much as they claim. That’s why companies can make the claims of big savings. This really illustrates why drivers must compare price quotes frequently. It’s just too difficult to predict with any certainty which company will have the best rates for your profile.

Coverage specifics

Understanding the coverages of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement. Listed below are the normal coverages found on the average insurance policy.

Comprehensive or Other Than Collision – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like vandalism, rock chips in glass, theft and hitting a bird. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverage – This coverage pays for damage to your IS 300 from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like backing into a parked car, driving through your garage door, sideswiping another vehicle, colliding with a tree and crashing into a building. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical costs insurance – Coverage for medical payments and/or PIP reimburse you for bills such as chiropractic care, funeral costs and X-ray expenses. They are often used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your 2017 Lexus IS 300.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for liability – This coverage protects you from damage or injury you incur to people or other property in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers claims such as structural damage, emergency aid, medical expenses, legal defense fees and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

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Knowledge is power

As you restructure your insurance plan, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, drivers have reduced collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to buy the best coverage you can find at the best price and still be able to protect your assets.

Budget-conscious 2017 Lexus IS 300 insurance is possible both online and from local insurance agents, and you need to comparison shop both to get a complete price analysis. There are still a few companies who do not offer online quoting and usually these small insurance companies provide coverage only through local independent agents.

Additional learning opportunities

• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• What is a Telematics Device? (Allstate)
• Prepare your Teens for Safe Driving (InsureUonline.org)

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