How Much Does 2015 Lexus IS 350 C Car Insurance Cost?

Paying for high-priced Lexus IS 350 C insurance can overdraw your checking account, especially in this economy. Shopping your coverage around is a great way to tighten up your finances. Many insurance companies compete for your business, and it can be difficult to compare rates to discover the definitive lowest cost out there.

It’s important to shop coverage around at least once a year since insurance rates are usually higher with each renewal. Even if you think you had the best deal on IS 350 C coverage six months ago you will most likely find a better rate today. So forget all the misinformation about insurance coverage because you’re going to get a crash course in the fastest way to save money, get proper coverage and the best rates.

Save with discounts on Lexus IS 350 C insurance

Car insurance is not cheap, buy you may qualify for discounts to reduce the price significantly. Some trigger automatically when you quote, but some may not be applied and must be specifically requested in order for you to get them. If you’re not getting every credit available, you are throwing money away.

  • Drive Less and Save – Driving fewer miles could qualify for better rates on cars that stay parked.
  • Bundle and Save – When you combine your home and auto insurance with one insurance company you may earn approximately 10% to 15%.
  • Save over 55 – If you’re over the age of 55, you may receive a small decrease in premiums on IS 350 C coverage.
  • Federal Government Employee – Being employed by or retired from a federal job can earn a discount up to 10% on IS 350 C coverage with select insurance companies.
  • Resident Student – Any of your kids living away from home attending college and do not have a car may be able to be covered for less.
  • Seat Belts Save – Using a seat belt and requiring all passengers to wear their seat belts could save 15% off your PIP or medical payments premium.

Keep in mind that most credits do not apply to the entire policy premium. Most cut specific coverage prices like medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any amount of discount will reduce your overall premium however.

To see a list of providers with discount insurance coverage rates, follow this link.

The quickest method we recommend to compare car insurance rates is to take advantage of the fact almost all companies will pay a fee to quote your coverage. To begin a comparison, all you need to do is spend a couple of minutes providing details including if your license is active, if a SR-22 is required, what your job is, and how your vehicles are used. Your insurance information is sent automatically to multiple top-rated companies and they return quotes quickly.

Factors determining your Lexus IS 350 C insurance premium

Consumers need to have an understanding of the different types of things that play a part in calculating your car insurance rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that may reward you with big savings.

  • Keep rates low by being claim-free – If you file claims often, you can expect either policy cancellation or increased premiums. Insurance companies award discounts to insureds who do not rely on their insurance for small claims. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Don’t skimp on liability – Liability insurance is the coverage that protects you when you are found to be at fault for causing damage or personal injury in an accident. It will provide for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.
  • Women pay lower rates – Statistics demonstrate that men are more aggressive behind the wheel. However, don’t assume that women are better drivers. Men and women cause accidents in similar numbers, but men cause more damage and cost insurance companies more money. Men also receive more costly citations such as DWI and reckless driving.
  • Being married can save on car insurance – Being married helps lower the price on car insurance. It means you’re more responsible and it’s proven that being married results in fewer claims.
  • Choose a safe vehicle and save – Cars with high safety ratings tend to have better insurance rates. Safer cars result in less severe injuries and better occupant protection means less money paid by your insurance company and more competitive rates for policyholders. If your Lexus IS 350 C is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Don’t get talked into coverage you don’t need – There are many extra bells and whistles that you can get tricked into buying if you aren’t careful. Coverages like vanishing deductibles, accidental death and additional equipment coverage are examples of these. These coverages may sound good at first, but now you might not need them so get rid of them and save.
  • Discounts for multiple policies – The majority of insurers will give a discount to insureds who buy several policies from them. It’s known as a multi-policy discount. Discounts can add up to five, ten or even twenty percent. Even with this discount, it’s in your best interest to compare rates to verify if the discount is saving money. Consumers may find a better deal by splitting coverages up.
  • Big city or small town – Choosing to live in less populated areas has it’s advantages when buying car insurance. Urban drivers regularly have congested traffic and longer commutes to work. Less people living in that area means reduced accidents and also fewer theft and vandalism claims.

Tailor your coverage to you

When it comes to choosing adequate coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different so your insurance should reflect that For example, these questions could help you determine if your situation would benefit from professional advice.

  • Which companies will insure high-risk drivers?
  • Do I need higher collision deductibles?
  • Should I put collision coverage on all my vehicles?
  • How do I file an SR-22 for a DUI in my state?
  • What is covered by UM/UIM coverage?
  • Does my 2015 Lexus IS 350 C qualify for pleasure use?
  • Is my teen driver covered when they drive my company car?

If you’re not sure about those questions, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.

Save $481 a year? Really?

Consumers constantly see and hear ads for cheaper car insurance by Progressive, Allstate and Geico. They all have a common claim of big savings if you switch to their company.

How can each company make almost identical claims?

Different companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a desirable insured could be between the ages of 40 and 55, insures multiple vehicles, and drives less than 7,500 miles a year. A customer getting a price quote who meets those qualifications receives the best rates and is almost guaranteed to cut their rates substantially.

Consumers who don’t qualify for the requirements will have to pay a more expensive rate and ends up with business going elsewhere. The ads state “drivers who switch” not “everyone that quotes” save that much money. That is how insurance companies can confidently state the savings.

Because of the profiling, it is so important to get quotes from several different companies. You cannot predict which car insurance company will provide you with the cheapest Lexus IS 350 C insurance rates.

Car insurance 101

Having a good grasp of your policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types available from car insurance companies.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Lexus IS 350 C.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these coverages do not exceed the liability coverage limits.

Liability

Liability insurance will cover damage or injury you incur to people or other property in an accident. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like pain and suffering, funeral expenses and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Coverage for medical expenses

Coverage for medical payments and/or PIP reimburse you for expenses such as surgery, X-ray expenses, funeral costs, doctor visits and pain medications. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive car insurance

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like hitting a deer, fire damage, theft, damage from a tornado or hurricane and falling objects. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for collisions

Collision coverage pays for damage to your IS 350 C resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as colliding with a tree, sustaining damage from a pot hole, hitting a mailbox and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Shop Smart and Save

In this article, we covered some good ideas how you can shop for 2015 Lexus IS 350 C insurance online. The key concept to understand is the more times you quote, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest priced auto insurance comes from a smaller regional carrier. Regional companies may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.

As you go through the steps to switch your coverage, don’t be tempted to reduce needed coverages to save money. There are too many instances where an accident victim reduced physical damage coverage only to discover later they didn’t purchase enough coverage. The ultimate goal is to get the best coverage possible at the best price.

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