2016 Lexus IS 350 Insurance Rates

Wish you could get out of overpriced car insurance? Don’t sweat it because many consumers are in the same pinch. Many auto insurance companies compete for your business, so it can be very hard to choose a insurer and get the best coverage at the best rates possible.

It’s a great practice to compare rates before your next renewal since prices are variable and change quite frequently. Just because you found the lowest rates for IS 350 insurance a couple years back there is a good chance you can find better rate quotes now. You can search a lot of car insurance online, but in this article, you’re going to get some excellent ideas to buy car insurance cheaper.

If you have a current auto insurance policy or need new coverage, you can learn to find better prices while maintaining coverages. Buying car insurance is easy if you know what you’re doing. Drivers only need an understanding of how to compare prices online.

These discounts can lower your auto insurance rates

Car insurance can cost a lot, but you might be missing out on some discounts that could drop your premiums quite a bit. Many of these discounts will be applied automatically when you purchase, but some must be specifically requested prior to getting the savings. If you aren’t receiving every discount available, you are throwing money away.

  • Discounts for Safe Drivers – Safe drivers can get discounts for up to 45% lower rates for IS 350 insurance as compared to drivers with claims.
  • Multiple Vehicles – Purchasing coverage when you have more than one vehicle on one policy can reduce rates for all insured vehicles.
  • Fewer Miles Equal More Savings – Driving less may allow you to get substantially lower prices.
  • Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them complete a driver education course if it’s offered in school.
  • Discount for Home Ownership – Being a homeowner can earn you a little savings because owning a home is proof of financial responsibility.
  • Passive Restraint Discount – Factory air bags or motorized seat belts may qualify for discounts of 25 to 30%.
  • Discounts for Federal Employees – Active or former government employment can save as much as 8% for IS 350 insurance depending on your auto insurance provider.
  • Anti-theft System – Anti-theft and alarm system equipped vehicles can help prevent theft and earn discounts up to 10% off your car insurance quote.
  • One Accident Forgiven – Not a discount per se, but some companies like State Farm, Progressive and Geico may permit one accident without raising rates so long as you haven’t had any claims prior to being involved in the accident.

It’s important to understand that some of the credits will not apply the the whole policy. Most only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

A list of auto insurance companies and their possible discounts are shown below.

  • Progressive discounts include multi-policy, multi-vehicle, homeowner, online signing, good student, and online quote discount.
  • AAA may include discounts for good driver, good student, multi-policy, education and occupation, and anti-theft.
  • Farmers Insurance offers premium reductions for homeowner, multi-car, mature driver, teen driver, pay in full, and good student.
  • Geico offers discounts including seat belt use, air bags, driver training, emergency military deployment, and membership and employees.
  • Esurance has discounts for safety device, good student, homeowner, anti-lock brakes, online quote, defensive driver, and multi-policy.
  • SAFECO may offer discounts for accident prevention training, anti-lock brakes, bundle discounts, teen safety rewards, and safe driver.
  • State Farm offers discounts for defensive driving training, safe vehicle, student away at school, good driver, Steer Clear safe driver discount, anti-theft, and driver’s education.

When getting free car insurance quotes, it’s a good idea to all companies you are considering how many discounts you can get. Some discounts may not apply in every state. To choose auto insurance companies that offer discounts, click here to view.

How to get low cost auto insurance

Many insurance companies like State Farm, Geico and Progressive allow consumers to get insurance quotes online. Comparing rates online is fairly simple as you simply type in the coverages you want into the quote form. Behind the scenes, the quote system makes automated requests for information on your driving record and credit history and returns a price based on these and other factors. Online price estimates simplifies rate comparisons, but the time it takes to visit each company’s website and repetitively enter the same data into a form is a waste of time. Unfortunately, it is important to do this in order to get the lowest price.

A quicker way to lower your rates uses one form that obtains quotes from many companies. The form is fast, reduces the work, and makes rate comparisons much easier. After your information is entered, it is rated and you are able to buy any of the resulting price quotes.

If a lower price is quoted, it’s easy to complete the application and buy the new coverage. It takes just a few minutes to complete and you will find out if you’re overpaying now.

In order to compare rates using this form now, simply click here to open in new window and submit your coverage information. If you currently have coverage, we recommend you type in as close as possible to your current policy. This makes sure you will receive a price comparison based on the exact same insurance coverage.

Learn how to quote insurance at a discount

Part of the insurance buying process is learning the rating factors that help calculate insurance rates. If you know what determines base rates, this allows you to make educated decisions that may result in better insurance rates. Many factors are taken into consideration when you quote your car insurance policy. Some factors are common sense such as traffic violations, but other criteria are less obvious such as your credit history or your financial responsibility.

  • More stress means more cost – Did you know that where you work can have an impact on rates? Careers such as lawyerspolice officers and miners have higher average rates in part from intense work situations and extremely grueling work hours. On the other hand, jobs such as farmers, students and performers have the lowest average rates for IS 350 insurance.
  • Older drivers save more – Older people are viewed as being more responsible, statistically cause fewer accidents .Youthful drivers tend to be easily distracted when behind the wheel so they pay higher insurance rates.
  • Alarms and GPS tracking lower rates – Owning a car with a theft deterrent system can help lower your rates. Systems that thwart theives like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
  • Your gender affects premiums – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. The data does not necessarily mean that men are worse drivers. Both sexes get in fender benders at a similar rate, but the male of the species have accidents that have higher claims. Men also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Young men ages 16 to 20 cause the most accidents and therefore are the most expensive to insure.
  • Safer cars cost less to insure – Cars with five star safety ratings cost less to insure. Vehicles built for safety reduce occupant injuries and any reduction in injury severity translates directly to fewer claims and lower rates for you.
  • Married people drive safer – Being married may earn you lower rates on insurance. It translates into being more responsible and insurance companies reward insureds because drivers who are married are more cautious.

Different people need different car insurance coverages

When it comes to choosing adequate coverage, there really is no best way to insure your cars. Everyone’s situation is a little different and your policy should reflect that. Here are some questions about coverages that might help in determining whether you might need an agent’s assistance.

  • What if I don’t agree with a claim settlement offer?
  • What is the minimum liability in my state?
  • Should I bundle my homeowners policy with my auto?
  • What discounts do I qualify for?
  • Is my teenager covered with friends in the car?
  • Does my liability insurance cover pulling a trailer or camper?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and 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.

Ads can be misleading

Consumers can’t escape the ads for the lowest price car insurance by State Farm, Geico and Progressive. They all seem to advertise claims about saving some big amount if you just switch to them.

How does every car insurance company cost less than your current company?

Many companies quote their best rates for a prospective insured that earns them a profit. An example of this type of driver may be a married female, has never had a claim, and drives a safe vehicle. Someone that matches those criteria gets the lowest auto insurance rates and have a good chance to save when switching.

Insureds who are not a match for these stringent criteria may be forced to pay higher premium rates and ends up with the customer buying from someone else. The ads say “people who switch” but not “everyone who gets a quote” will save that much if they switch. That’s the way insurance companies can confidently state the savings.

That is why you need to do a quote comparison often. Because without a comparison, you cannot know which car insurance company will be your best fit.

Auto insurance coverages explained

Learning about specific coverages of a auto insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages offered by auto insurance companies.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for expenses for nursing services, funeral costs and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as damage from getting keyed, hitting a deer and a broken windshield. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability car insurance

This can cover damage that occurs to a person or their property in an accident. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage protects against things such as medical expenses, medical services, bail bonds and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your 2016 Lexus IS 350.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these limits do not exceed the liability coverage limits.

Collision coverage

Collision coverage pays for damage to your IS 350 from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like sustaining damage from a pot hole, damaging your car on a curb, driving through your garage door, hitting a parking meter and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

One last thing about your coverage

We’ve covered many ideas to shop for 2016 Lexus IS 350 insurance online. The key concept to understand is the more you quote car insurance, the higher your chance of finding the cheapest car insurance. You may even discover the best car insurance rates are with a company that doesn’t do a lot of advertising. Regional companies often have lower premium rates on specific markets than their larger competitors like State Farm or Progressive.

Some insurance companies may not have the ability to get a quote online and usually these smaller companies work with local independent agents. Cheaper 2016 Lexus IS 350 insurance is attainable on the web and with local insurance agents, and you need to price shop both to get a complete price analysis.

As you prepare to switch companies, do not sacrifice coverage to reduce premiums. There have been many cases where drivers have reduced liability coverage limits only to discover later that they should have had better coverage. The ultimate goal is to purchase a proper amount of coverage at the best possible price, not the least amount of coverage.

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