Cheap 2014 Lexus IS 350 Insurance Quotes

Want lower insurance rates for your Lexus IS 350? Did you fall for a flashy sales pitch and buy high-priced insurance? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out.

Insurance companies such as Allstate, Progressive and Geico continually bombard you with advertising and it is challenging if not impossible to sift through the bull and effectively compare rates to find the best deal.

The quickest way to get rate comparisons is to realize most of the bigger providers allow for online access to give free rates quotes. To get started, all you need to do is provide a small amount of information like the ages of drivers, which vehicles you own, if you lease or own, and if your license is active. Those rating factors is then submitted to all major companies and you receive quotes almost instantly.

Complexity of Lexus IS 350 insurance rates

Smart consumers have a good feel for some of the elements that help determine the rates you pay for auto insurance. Having a good understanding of what determines base rates allows you to make educated decisions that could result in big savings.

The following are some of the factors companies use to determine premiums.

  • Being married is a good thing – Having a spouse helps lower the price when buying auto insurance. It usually means you are more mature and it’s statistically proven that drivers who are married are more cautious.
  • Adjust deductibles and save – The deductibles represent how much money you are required to spend in the event of a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered would be colliding with a building, damage caused by hail, or theft. The more money the insured has to pay upfront, the less your company will charge you for insurance for IS 350 insurance.
  • Bad driving skills means higher rates – Your driving record has a huge affect on how much you pay. Careful drivers receive lower rates than people who have multiple driving citations. Even a single ticket can boost insurance rates forty percent or more. Drivers who get severe violations such as reckless driving, hit and run or driving under the influence may be required to file a SR-22 with their state motor vehicle department in order to drive a vehicle legally.
  • How your age affects price – Teen drivers tend to be careless and easily distracted behind the wheel so auto insurance rates are higher. Parents adding a young driver onto a policy can be quite pricey. Older drivers are more cautious drivers, file fewer claims and get fewer tickets.

Lots of discounts mean lots of savings

Insuring your vehicles can cost a lot, but you may find discounts that you may not even be aware of. Certain discounts will be applied when you quote, but less common discounts must be asked about before being credited.

  • Student in College – Youth drivers living away from home attending college without a vehicle on campus may qualify for this discount.
  • Defensive Driving Course – Taking part in a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.
  • Employee of Federal Government – Active or retired federal employment may qualify you for a discount for IS 350 insurance with certain companies.
  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for IS 350 insurance than drivers with accidents.
  • Auto/Home Discount – When you have multiple policies with the same company you will save approximately 10% to 15%.
  • Multiple Cars – Buying coverage for all your vehicles on one policy qualifies for this discount.
  • Seat Belts Save more than Lives – Requiring all passengers to use a seat belt can save up to 15% off your medical payments premium.

A little note about advertised discounts, most discount credits are not given to the entire cost. A few only apply to the cost of specific coverages such as comprehensive or collision. Even though it may seem like it’s possible to get free car insurance, it doesn’t quite work that way. Any qualifying discounts will cut the cost of coverage.

A partial list of companies who might offer these discounts may include but are not limited to:

Double check with each insurance company which discounts you may be entitled to. All car insurance discounts might not be offered everywhere.

Situations that might require an agent

When choosing proper insurance coverage, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that may help you determine whether or not you might need professional guidance.

  • Is my 2014 Lexus IS 350 covered for smoke damage?
  • How can I force my company to pay a claim?
  • When would I need rental car insurance?
  • I have health insurance so do I need medical payments coverage?
  • Can I still get insurance after a DUI?
  • If my 2014 Lexus IS 350 is totaled, can I afford another vehicle?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

Specific coverage details

Understanding the coverages of your insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the normal coverages found on most insurance policies.

Auto collision coverage

Collision coverage will pay to fix damage to your IS 350 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like rolling your car, driving through your garage door, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, hail damage, damage from a tornado or hurricane, damage from getting keyed and damage from flooding. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Lexus IS 350.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Usually these limits are similar to your liability insurance amounts.

Auto liability insurance

This provides protection from damage that occurs to people or other property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage pays for things like attorney fees, medical expenses and medical services. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like pain medications, hospital visits, EMT expenses, dental work and funeral costs. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

In the end, you save

As you prepare to switch companies, you should never skimp on critical coverages to save a buck or two. There are too many instances where an accident victim reduced liability limits or collision coverage only to regret at claim time that the few dollars in savings costed them thousands. The ultimate goal is to find the BEST coverage at the best price, not the least amount of coverage.

Cost effective 2014 Lexus IS 350 insurance is possible from both online companies and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies do not offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

More information is located at the links below