Drivers have a choice when trying to find low-cost Lexus IS 350 insurance. You can either waste hours contacting agents trying to get quotes or use the internet to compare rates. There are more efficient ways to buy car insurance and you need to know the quickest way to price shop coverage on a Lexus and find the cheapest rates from both online companies and local agents.
Lowering your Lexus IS 350 car insurance rates can be relatively painless. Just invest a little time comparing rates from some recommended companies. This can be done by following the guidelines below.
- The first (and easiest) way to compare a lot of rates at once is to use a rate comparison form (click to open form in new window). This quick form prevents you from having to do separate quotation requests for every car insurance company. A single form will return price quotes from car insurance companies with the best prices. This is by far the quickest method.
- A slightly less efficient method to find lower rates is to manually visit the website for every company you want to comare and fill out their own quote form. For instance, let’s assume you want to view quotes from Auto-Owners, Safeco and Liberty Mutual. You would have to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular.
For a list of links to insurance companies in your area, click here.
- The least recommended method to find cheaper rates is calling or driving to local insurance agencies. Quoting online can eliminate the need for a local agent unless your situation requires the professional guidance that only a licensed agent can provide. It is possible to price shop online and have a local agent actually service the policy.
The approach you take is up to you, just be certain you are entering equivalent coverage data for each comparison quote. If you are comparing unequal deductibles or liability limits you will not be able to determine which company has the best rates.
Car insurance buyers beware
Consumers can’t escape the ads that promise big savings for switching by State Farm and Allstate. All the companies make the same claim of big savings just by switching your car insurance policy to them.
How does each company give you a lower rate? This is the way they can do it.
Car insurance companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a driver they prefer could be a female over age 40, has had continuous coverage, and insures a new vehicle. Any driver who matches that profile will get a cheap rate quote and will also cut their rates substantially.
Consumers who are not a match for the ideal profile will be charged higher rates which usually ends up with business going elsewhere. The wording the ads use say “people that switch” but not “all drivers who get quotes” can save as much as they claim. This is how companies can truthfully make claims like that. Because of this risk profiling, you really should get as many as possible. Because you cannot predict with any certainty which company will have the lowest rate quotes.
Get lower-cost rates with these eight discounts
Car insurance companies don’t always publicize every policy discount in an easy-to-find place, so the next list breaks down some of the more common and the harder-to-find car insurance savings.
- Online Discount – Certain car insurance companies will discount your bill up to fifty bucks for completing your application digitally online.
- Military Deployment Discount – Having a deployed family member could trigger a small discount.
- Claim-Free Discount – Claim-free drivers can earn big discounts compared to insureds who have frequent claims or accidents.
- Passenger Safety Discount – Cars that have air bags and/or automatic seat belt systems may qualify for discounts of 20% or more.
- Anti-theft Discount – Cars equipped with anti-theft or alarm systems are stolen less frequently and will qualify for a discount on a .
- Good Student – Maintaining excellent grades can earn a discount of 20% or more. You can use this discount normally up to age 25.
- Onboard Data Collection – Insureds who allow companies to track vehicle usage by installing a telematics device like Allstate’s Drivewise may get a rate reduction if they show good driving skills.
- Driver’s Ed – Teen drivers should sucessfully take a driver\s education course in high school.
Consumers should know that most credits do not apply to the entire policy premium. The majority will only reduce individual premiums such as comp or med pay. So despite the fact that it appears you can get free auto insurance, insurance companies wouldn’t stay in business. Any qualifying discounts will help lower the amount you have to pay.
If you would like to view insurers with significant discounts, click this link.
Which policy gives me the best coverage?
When it comes to buying the best car insurance coverage, there isn’t really a perfect coverage plan. Every situation is different.
Here are some questions about coverages that may help you determine whether you would benefit from professional advice.
- Do I have any recourse if my insurance company denies a claim?
- Where can I get insurance after a DUI in my state?
- Are my friends covered when driving my Lexus IS 350?
- Is a new car covered when I drive it off the dealer lot?
- What is the difference between comprehensive and collision coverage?
- Do I benefit by insuring my home with the same company?
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.
Auto insurance agents can help
Certain consumers just prefer to sit down with an agent and that is recommended in a lot of cases Experienced insurance agents are trained to spot inefficiencies and help submit paperwork. An additional benefit of getting online price quotes is that drivers can save money and get lower premium rates and still choose a local agent.
After filling out this form (opens in new window), your insurance coverage information is submitted to insurance agents who can give free rate quotes and help you find cheaper coverage. It’s much easier because you don’t need to contact any insurance agencies since price quotes are sent immediately to you. If you need to get a price quote from a specific company, you would need to search and find their rate quote page and fill out their quote form.
Choosing the best insurer requires you to look at more than just the premium amount. Any agent should have no problem answering these questions:
- Does the company have a solid financial rating?
- Is auto insurance their primary focus?
- Is every driver in your family covered?
- Will the agent or a CSR service your policy?
- Do they assist clients in filing claims?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
Is a captive or independent auto insurance agent right for you?
If you need to find a good insurance agent, it’s helpful to know the different types of agencies and how they work. agents are categorized either captive or independent (non-captive). Either type can write policy coverage, but it’s a good idea to understand why they differ since it can impact the type of agent you choose.
Captive Car Insurance Agents
Captive agents generally can only insure with one company and some examples include State Farm, Allstate, or Farmers Insurance. These agents are unable to give you multiple price quotes so they have to upsell other benefits. Captive insurance agents are well trained on the products they sell and that allows them to sell at a higher price point. Consumers often buy from the same agent for years mostly because of the prominence of the brand rather than low price.
Independent Car Insurance Agents
Independent insurance agents often have many company appointments so they can insure your vehicles through many different car insurance companies and find the cheapest rate. If they quote lower rates, they simply move the coverage in-house which requires no work on your part. When comparing car insurance rates, it’s recommended you get rate quotes from independent agents to maximize your price options. Most independent agents also contract with less well-known companies that many times have cheaper rates.
To search for insurance agents near you, click to find a local car insurance provider.
Car insurance 101
Having a good grasp of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.
Liability auto insurance – This provides protection from injuries or damage you cause to other people or property in an accident. This coverage protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.
Liability coverage protects against things like attorney fees, legal defense fees and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.
Uninsured and underinsured coverage – This gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Lexus IS 350.
Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Collision – This pays for damage to your IS 350 caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims like backing into a parked car, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.
Comprehensive coverages – This covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as hitting a deer, a tree branch falling on your vehicle and rock chips in glass. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as chiropractic care, surgery, dental work, nursing services and X-ray expenses. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
In Summary
When getting , you should never skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced liability coverage limits and found out when filing a claim that the few dollars in savings costed them thousands. Your goal should be to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.
We just presented many ways to lower your Lexus IS 350 insurance auto insurance rates. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. Consumers could even find that the best price on car insurance is with a lesser-known regional company.
People change insurance companies for many reasons like questionable increases in premium, being labeled a high risk driver, poor customer service and policy cancellation. Regardless of your reason for switching companies, switching car insurance companies can be less work than you think.