View 2015 Lexus IS 350 Insurance Quotes

Searching for cheaper insurance coverage rates for your Lexus IS 350? No one enjoys paying for insurance coverage, especially when the price is too high. Numerous auto insurance companies battle to insure your vehicles, so it’s not easy to compare every insurance company to discover the definitive lowest rate

If you have a policy now or are just looking to switch companies, you can use these tips to cut your premiums while maximizing coverage. Buying car insurance is easy if you know what you’re doing. Consumers just need to understand the proper methods to buy insurance coverage over the internet.

Lexus IS 350 insurance rates can be determined by these details

An important part of buying insurance is that you know some of the elements that help determine the rates you pay for auto insurance. Understanding what determines base rates enables informed choices that could result in much lower annual insurance costs.

The following are some of the factors auto insurance companies consider when setting premiums.

  • Don’t let your coverage lapse – Letting your insurance expire is a fast way to trigger a rate increase. Not only will rates go up, failure to provide proof of insurance might get you a steep fine or even jail time.You may then be required to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Little extras can really add up – There are quite a few extra coverages that can waste your money when buying auto insurance. Insurance for rental car reimbursement, accident forgiveness and additional equipment coverage may be costing you every month. These coverages may sound good when talking to your agent, but now you might not need them so eliminate the coverages to reduce your premium.
  • Drive less and save money – The more you drive in a year the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles based on how the vehicle is used. Vehicles used primarily for pleasure use receive lower rates compared to those used for work or business. Double check that your auto insurance policy shows the correct driver usage, because improper ratings can cost you money. Incorrect usage on your IS 350 can result in significantly higher rates.
  • Do you know you’re credit rating? – Your credit history is a huge factor in your rate calculation. Therefore, if your credit rating is not that good, you could be paying less to insure your 2015 Lexus IS 350 by spending a little time repairing your credit. Consumers who have high credit ratings tend to be less risk to insure than drivers who have lower credit scores.

These discounts can slash insurance rates

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available to help offset the cost. Most are applied at quote time, but a few must be asked about before being credited. If you don’t get every credit you deserve, you’re just leaving money on the table.

  • More Vehicles More Savings – Having multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Fewer Miles Equal More Savings – Low mileage vehicles can qualify you for lower rates on the low mileage vehicles.
  • Discount for New Cars – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
  • Senior Discount – Mature drivers may qualify for reduced rates on IS 350 coverage.
  • Accident Forgiveness – A handful of insurance companies will forgive one accident before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
  • Good Student – A discount for being a good student can save 20 to 25%. This discount can apply until age 25.
  • Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Homeowners Savings – Owning a home can help you save on insurance because maintaining a house demonstrates responsibility.

Keep in mind that some of the credits will not apply the the whole policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, companies don’t profit that way. Any qualifying discounts will bring down the amount you have to pay.

For a list of insurers with the best insurance discounts, click here to view.

When might I need the advice of an agent?

When it comes to buying the right insurance coverage, there really is no single plan that fits everyone. Each situation is unique and your policy should reflect that. For instance, these questions may help highlight whether your personal situation would benefit from professional advice.

  • Do I have coverage when using my vehicle for my home business?
  • Am I covered if hit by an uninsured driver?
  • Do I have coverage when pulling a U-Haul trailer?
  • Are all vehicle passengers covered by medical payments coverage?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I need PIP coverage since I have good health insurance?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Auto insurance coverage specifics

Learning about specific coverages of a auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are the usual coverages available from auto insurance companies.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as damage from getting keyed, damage from a tornado or hurricane, hitting a bird and rock chips in glass. The most your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Lexus IS 350.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Collision coverage

Collision coverage will pay to fix damage to your IS 350 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things like crashing into a building, sustaining damage from a pot hole, hitting a parking meter and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Auto liability insurance

This will cover damage that occurs to other’s property or people that is your fault. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like pain and suffering, attorney fees, repair bills for other people’s vehicles and structural damage. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as surgery, X-ray expenses, chiropractic care and hospital visits. The coverages can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants as well as any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

And the best car insurance company is…

Lower-priced 2015 Lexus IS 350 insurance is available both online and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies may not provide the ability to get a quote online and most of the time these smaller companies sell through independent agents.

Throughout this article, we presented many tips how you can get a better price on insurance. It’s most important to understand that the more you quote, the better likelihood of reducing your rate. Consumers may even find the most savings is with an unexpected company. Smaller companies may cover specific market segments cheaper compared to the large companies like Allstate and Progressive.

When trying to cut insurance costs, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where drivers have reduced liability coverage limits and found out when filing a claim that they should have had better coverage. The ultimate goal is to buy enough coverage for the lowest price, not the least amount of coverage.

More detailed auto insurance information can be found by following these links: