How Much Does 2014 Lexus IS 250 Insurance Cost?

Cutting costs on auto insurance can be nearly impossible for people who are new to shopping for insurance online. Consumers have so many options that it can be a big hassle to find lower rates.

Lexus IS 250 insurance premiums are calculated by many factors

It’s important that you understand the rating factors that help determine your car insurance rates. Knowing what influences your rates enables informed choices that could result in big savings.

  • Women pay lower rates – Statistics show that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. Men and women have accidents at about the same rate, but the males cause more damage and cost insurance companies more money. They also get more serious tickets such as DWI and reckless driving.
  • Safer occupants lowers premiums – Cars with high safety ratings get lower rates. The safest vehicles have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims passed on to you as lower rates. If your Lexus IS 250 earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Never go without insurance – Allowing your car insurance policy to lapse is a fast way to bump up your car insurance costs. Not only will rates go up, failure to provide proof of insurance might get you a hefty fine and possibly a revoked license.
  • More miles equals more premium – The higher the mileage driven every year the higher your rates will be. The majority of insurers charge to insure your cars determined by how the vehicle is used. Vehicles used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your IS 250 may be costing you. Double check that your car insurance declarations sheet is showing the correct usage for each vehicle, because improper ratings can cost you money.

Take discounts and save

Companies that sell car insurance do not list every discount in a way that’s easy to find, so the following is a list of some of the best known and the more hidden insurance savings.

  • Multi-policy Discount – When you combine your home and auto insurance with one insurance company you could get a discount of up to 20% off your total premium.
  • Memberships – Belonging to a qualifying organization is a good way to get lower rates when shopping for insurance on IS 250 insurance.
  • Military Rewards – Being deployed with a military unit may qualify for rate reductions.
  • Senior Discount – Mature drivers may be able to get reduced rates on IS 250 insurance.
  • Passive Restraint Discount – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
  • Fewer Miles Equal More Savings – Driving fewer miles can qualify you for a substantially lower rate.
  • Anti-theft Discount – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Homeowners Discount – Owning a house can help you save on insurance because owning a home shows financial diligence.
  • Driver Safety – Completing a course in driver safety could save 5% or more and easily recoup the cost of the course.
  • Drivers Education – Have your child take driver’s ed class in school.

A little note about advertised discounts, many deductions do not apply to the entire policy premium. Most only reduce specific coverage prices like liability and collision coverage. So even though they make it sound like you could get a free insurance policy, you won’t be that lucky.

To see a list of companies who offer insurance discounts, click here.

Car insurance ads bend the truth

Companies like State Farm, Allstate and Geico continually stream television and radio advertisements. All the ads make an identical promise of big savings after switching your coverage to them. But how can every company make the same claim? It’s all in the numbers.

Different companies can use profiling for the driver that makes them money. An example of a preferred risk might be between the ages of 40 and 55, is a homeowner, and drives less than 10,000 miles a year. A customer who fits that profile gets the lowest rates and as a result will probably save a lot of money.

Consumers who do not match these standards must pay more money which leads to business going elsewhere. Company advertisements say “drivers who switch” not “everyone that quotes” save that much. That is how insurance companies can advertise the way they do. This illustrates why you absolutely need to compare as many rates as you can. Because you never know which insurance companies will provide you with the cheapest Lexus IS 250 insurance rates.

Which policy gives me the best coverage?

When it comes to choosing the right insurance coverage, there really is not a single plan that fits everyone. Everyone’s situation is unique.

For instance, these questions could help you determine if your situation may require specific advice.

  • Do I need PIP coverage since I have good health insurance?
  • How can I find cheaper teen driver insurance?
  • Do I benefit by insuring my home with the same company?
  • Will I lose any money if I cancel my policy before it expires?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • What if I total my 2014 Lexus IS 250 and owe more than it’s worth?
  • When does my teenage driver need to be added to my policy?
  • Can my teen drive my company car?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form.

Insurance policy coverages for a Lexus IS 250

Learning about specific coverages of your insurance policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage

This coverage pays for damage to your IS 250 caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a parking meter, hitting a mailbox, backing into a parked car, driving through your garage door and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like pain medications, EMT expenses, dental work, rehabilitation expenses and nursing services. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Comprehensive auto coverage

This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as theft, a tree branch falling on your vehicle, damage from getting keyed and rock chips in glass. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for liability

Liability insurance protects you from damage that occurs to people or other property that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for things like attorney fees, funeral expenses, emergency aid and repair costs for stationary objects. How much coverage you buy is up to you, but buy higher limits if possible.

The bottom line

Cost effective 2014 Lexus IS 250 insurance can be sourced online as well as from independent agents, and you should compare price quotes from both to have the best selection. Some companies don’t offer the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.

We just showed you a lot of information how to compare insurance prices online. The key concept to understand is the more providers you compare, the better chance you’ll have of finding lower rates. Drivers may discover the most savings is with some of the smallest insurance companies.

When buying insurance coverage, don’t be tempted to reduce coverage to reduce premium. In many instances, an accident victim reduced liability limits or collision coverage only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy enough coverage at a price you can afford, not the least amount of coverage.

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