2012 Lexus IS 350 Insurance Quotes

Want the cheapest insurance coverage rates for your Lexus IS 350? Sick and tired of being strong-armed to pay your car insurance bill each month? You’re in the same situation as many other drivers. Companies like Geico and Progressive continually hit you with advertising and it is challenging if not impossible to ignore the propoganda and do the work needed to find the best deal.

Smart consumers take time to take a look at other company’s rates occasionally since insurance rates are variable and change quite frequently. Even if you got the lowest rates on IS 350 insurance six months ago the chances are good that you can find a lower rate today. Starting right now, forget all the misinformation about insurance coverage because it’s time to teach you the only way to remove unneeded coverages and save money.

If you have a policy now or are just looking to switch companies, you will benefit by learning to find the best rates while maximizing coverage. Finding the best rates is quite easy. Drivers just need to understand how to compare company rates over the internet.

Some factors that can determine what Lexus IS 350 insurance costs

Smart consumers have a good feel for the rating factors that go into determining the price you pay for car insurance. Knowing what determines base rates enables informed choices that could result in better car insurance rates.

  • Tickets mean higher rates – Even a single citation can increase rates by as much as thirty percent. Good drivers tend to pay less for car insurance than their less careful counterparts. Drivers who get dangerous violations like DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to prevent a license revocation.
  • Allowing your policy to lapse raises rates – Driving with no insurance is against the law and you will pay a penalty because you let your coverage have a gap. And not only will your rates increase, failure to provide proof of insurance might get you a steep fine or even jail time.
  • Having a spouse can save you money – Getting married actually saves money when buying car insurance. Marriage is viewed as being more responsible and it’s statistically proven that drivers who are married are more cautious.
  • One company can mean more discounts – Many insurance companies will award you with lower prices to customers who buy several policies from them, otherwise known as a multi-policy discount. If you currently are using one company, you still need to shop around to verify if the discount is saving money.

Finding Insurance

Effectively comparing insurance prices can take time and effort if you don’t utilize the most efficient way. You can waste a lot of time driving to insurance agencies in your area, or you could save time and use the web to quickly compare rates.

Many popular insurance companies participate in a marketplace where prospective buyers send in one quote, and each participating company can give them a price based on the submitted data. This saves time by eliminating quote requests for each company you want a rate for.

To compare 2012 Lexus IS 350 rates using this form now click here (opens in new window).

The only downside to getting quotes like this is buyers cannot specifically choose which companies you want pricing from. If you prefer to choose specific insurance companies to compare prices, we have assembled a list of the cheapest insurance companies in your area. View list of insurance companies.

Whichever way you use, be sure to compare exactly the same coverage limits and deductibles for each comparison quote. If each company quotes differing limits it will be impossible to truly determine the lowest rate.

Is there deception in advertising?

Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as State Farm, Allstate and Geico. All the ads make the same claim about savings after switching your policy.

But how can every company make the same claim?

All the different companies have a preferred profile for the right customer that is profitable for them. A good example of a desirable insured could possibly be between the ages of 40 and 55, has no tickets, and drives less than 10,000 miles a year. A customer who fits that profile is entitled to the best price and is almost guaranteed to cut their rates substantially.

Consumers who don’t measure up to these standards must pay a more expensive rate which leads to the driver buying from a lower-cost company. The ads say “drivers who switch” but not “drivers who get quotes” save that much. That is how insurance companies can confidently state the savings.

This illustrates why it’s extremely important to get as many comparisons as possible. It’s impossible to know which insurance companies will provide you with the cheapest Lexus IS 350 insurance rates.

Discounts to lower 2012 Lexus IS 350 insurance rates

The cost of insuring your cars can be expensive, but there could be available discounts to help offset the cost. Most are applied when you complete an application, but some must be manually applied in order for you to get them. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.

  • Government Employees – Employees or retirees of the government could cut as much as 10% off on IS 350 insurance depending on your company.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and will save you 10% or more.
  • Payment Discounts – If you pay your bill all at once instead of paying each month you may reduce your total bill.
  • E-sign – Certain companies give back up to $50 just for signing your application on their website.
  • No Accidents – Good drivers with no accidents pay less when compared with accident-prone drivers.
  • Early Signing – A few companies offer discounts for switching to them prior to your current policy expiring. This can save 10% or more.

It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates 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.

For a list of providers offering car insurance discounts, click here to view.

Tailor your coverage to you

When choosing adequate coverage for your vehicles, there isn’t really a best way to insure your cars. Every insured’s situation is different so your insurance needs to address that. These are some specific questions can help discover whether your personal situation might need an agent’s assistance.

  • Am I better off with higher deductibles on my 2012 Lexus IS 350?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Can I still get insurance after a DUI?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Is business property covered if stolen from my car?
  • Will I lose any money if I cancel my policy before it expires?
  • Is my custom paint covered by insurance?
  • Do I pay less if my vehicle is kept in my garage?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Insurance coverages explained

Understanding the coverages of insurance can be of help when determining the best coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. These are the normal coverages offered by insurance companies.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like hospital visits, funeral costs, X-ray expenses and pain medications. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible

Collision – Collision coverage will pay to fix damage to your IS 350 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like backing into a parked car, crashing into a ditch, hitting a mailbox and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Liability car insurance – This can cover damage that occurs to a person or their property by causing an accident. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like medical expenses, medical services and legal defense fees. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Lexus IS 350.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these limits do not exceed the liability coverage limits.

Comprehensive (Other than Collision) – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as theft, vandalism and a tree branch falling on your vehicle. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

In the end, you save

We just showed you some good ideas how to save on 2012 Lexus IS 350 insurance. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. You may even discover the best price on insurance coverage is with a smaller regional carrier. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like Progressive or Geico.

As you shop your coverage around, it’s not a good idea to buy less coverage just to save a little money. In too many instances, someone dropped comprehensive coverage or liability limits only to discover later that they should have had better coverage. The proper strategy is to get the best coverage possible at the best price, not the least amount of coverage.

Much more information about insurance coverage is available at the links below