View 2008 Lexus IS 250 Insurance Quotes

Looking for the cheapest auto insurance rates for your Lexus IS 250? Have you had enough of robbing Peter to pay Paul each month for car insurance? You’re in the same situation as most other car owners.

You have multiple insurance companies to buy insurance from, and although it’s a good thing to have multiple companies, it can be more challenging to find the lowest rates.

You should make it a habit to do rate comparisons before your policy renews because prices change frequently. If you had the lowest price for IS 250 coverage a few years ago other companies may now be cheaper. So just ignore everything you know about auto insurance because you’re going to learn the proper way to remove unneeded coverages and save money.

This article will familiarize you with how car insurance quotes work and some tips to save money. If you currently have a car insurance policy, you should be able to cut costs considerably using these methods. But vehicle owners must learn how companies determine prices and take advantage of how the system works.

How to Get Auto Insurance

To find the best auto insurance prices, there are several ways to compare quotes from auto insurance companies in your area. The fastest way to find competitive 2008 Lexus IS 250 insurance rates consists of shopping online. This is very easy and can be done using a couple different methods.

  1. The single most time-saving way to get quotes for comparison would be an industry-wide quote request form like this one (opens in new window). This type of form keeps you from doing separate forms for every auto insurance company. Taking the time to complete one form gets rate comparisons from multiple low-cost companies.
  2. A different way to get comparison quotes is to manually visit the website for every company you want to comare to complete their respective quote request forms. For example, let’s assume you want to compare rates from Progressive, Safeco and Allstate. To get rate quotes you would need to take the time to go to each site and enter your policy data, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.

However you get your quotes, ensure you’re using apples-to-apples coverages and limits for every quote you compare. If you enter unequal deductibles or liability limits then you won’t be able to truly determine the lowest rate. Slightly different coverages can mean a large discrepancy in price. And when quoting auto insurance, remember that comparing a large number of companies gives you a better chance of getting better pricing.

Slick advertising tricks that work

Auto insurance companies such as State Farm and Allstate constantly bombard you with ads on television and other media. They all seem to have a common claim that you can save if you switch to their company. How does each company make almost identical claims? It’s all in the numbers.

Different companies are able to cherry pick for the right customer that is profitable for them. For example, a profitable customer could possibly be between 30 and 50, has no tickets, and drives less than 10,000 miles a year. Any driver who meets those qualifications will qualify for the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Potential customers who do not match these standards will be quoted higher premiums and this can result in the driver buying from a lower-cost company. The ad wording is “customers who switch” not “people who quote” save that much. This is how companies can state the savings.

This emphasizes why it’s extremely important to get as many quotes as possible. It’s impossible to know which insurance companies will have the lowest Lexus IS 250 insurance rates.

These discounts can lower your rates

Car insurance can cost a lot, but you may find discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time you complete a quote, but a few must be specifically requested before they will apply.

  • Passive Restraints – Cars that have air bags and/or automatic seat belt systems can get savings up to 30%.
  • One Accident Forgiven – A handful of insurance companies permit an accident without raising rates if you are claim-free for a particular time prior to the accident.
  • Resident Student – Youth drivers who attend school more than 100 miles from home without a vehicle on campus may qualify for this discount.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and therefore earn up to a 10% discount.
  • Homeowners Pay Less – Simply owning a home can save you money due to the fact that maintaining a home shows financial diligence.
  • Senior Discount – If you’re over the age of 55, you may qualify for better car insurance rates for IS 250 coverage.
  • Military Discounts – Having a family member in the military may qualify for rate reductions.
  • Anti-theft Discount – Anti-theft and alarm systems help deter theft and will save you 10% or more.
  • Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
  • Multi-policy Discount – When you combine your home and auto insurance with the same insurance company you may earn up to 20% off your total premium.

Consumers should know that some of the credits will not apply to all coverage premiums. A few only apply to specific coverage prices like medical payments or collision. Even though it may seem like having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will help reduce your overall premium however.

A partial list of companies that may have these benefits include:

It’s a good idea to ask every prospective company what discounts are available to you. Discounts might not be offered in your state.

Different people need different coverages

When buying adequate coverage for your personal vehicles, there really is not a one size fits all plan. Each situation is unique so this has to be addressed. For example, these questions might point out if your insurance needs might need an agent’s assistance.

  • Can I make deliveries for my home business?
  • When can I cancel my policy?
  • Does my insurance cover a custom paint job?
  • Do I need added coverage for expensive stereo equipment?
  • What are the financial responsibility laws in my state?
  • When should I drop full coverage on my 2008 Lexus IS 250?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Insurance policy specifics

Learning about specific coverages of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages offered by insurance companies.

Auto liability insurance

Liability coverage protects you from damage or injury you incur to other’s property or people. It protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like bail bonds, pain and suffering, structural damage and attorney fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Collision insurance

This coverage pays for damage to your IS 250 resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like scraping a guard rail, crashing into a building, hitting a mailbox, damaging your car on a curb and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.

Medical expense insurance

Med pay and PIP coverage kick in for bills like chiropractic care, rehabilitation expenses, nursing services and X-ray expenses. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. They cover you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as a broken windshield, damage from a tornado or hurricane, vandalism, hitting a bird and rock chips in glass. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

At the end of the day…

We’ve covered a lot of techniques to shop for 2008 Lexus IS 250 insurance online. The key concept to understand is the more times you quote, the better likelihood of reducing your rate. Consumers could even find that the biggest savings come from an unexpected company. These smaller insurers may only write in your state and offer lower rates as compared to the big name companies such as Progressive or Geico.

Lower-priced insurance can be bought online and also from your neighborhood agents, so compare prices from both to have the best rate selection. Some auto insurance companies may not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

Even more information can be read at these sites: