How Much Does 2017 Lexus IS 300 Insurance Cost?

I doubt anyone gets a kick out of paying for insurance, especially knowing the price is too high. Numerous car insurance companies battle for your insurance dollar, so it’s not easy to compare every insurer and get the best coverage at the cheapest price

It’s important to do rate comparisons once or twice a year because insurance rates are rarely the same from one policy term to another. If you had the lowest rate for IS 300 coverage two years ago you can probably find a better price now. Forget anything you know (or think you know) about insurance because we’re going to demonstrate the fastest way to find better coverage at a better price.

If you have a current insurance policy or need a new policy, you can learn to shop for the lowest rates and possibly find even better coverage. Buying car insurance is easy if you know what you’re doing. Consumers just need to understand the best way to shop their coverage around on the web.

Use discounts on car insurance

The price of auto insurance can be rather high, but discounts can save money and there are some available to help bring down the price. Certain reductions will be credited at the time of purchase, but some discounts are required to be specially asked for in order for you to get them. If you do not double check each discount possible, you could be paying more than you need to.

  • Switch and Save Discount – A few companies give discounts for signing up before your current expiration date. It’s a savings of about 10%.
  • Senior Citizen Discount – Drivers over the age of 55 may be able to get lower premium rates for IS 300 coverage.
  • Low Mileage Discounts – Low mileage vehicles could qualify for lower premium rates due to less chance of an accident.
  • Service Members Pay Less – Having a family member in the military could qualify you for better prices.
  • Discounts for Good Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for IS 300 coverage than less cautious drivers.
  • Auto/Home Discount – If you combine your homeowners and auto policies with the same insurance company you may earn at least 10% off all policies.

Drivers should understand that some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like comprehensive or collision. Despite the appearance that having all the discounts means you get insurance for free, it doesn’t quite work that way.

A list of car insurance companies and the discounts they provide can be read below.

  • Geico may offer discounts for emergency military deployment, daytime running lights, seat belt use, membership and employees, and driver training.
  • Mercury Insurance offers discounts for age of vehicle, good driver, accident-free, professional/association, and type of vehicle.
  • Farmers Insurance offers premium reductions for multi-car, youthful driver, homeowner, bundle discounts, early shopping, good student, and switch companies.
  • Auto-Owners Insurance policyholders can earn discounts including mature driver, paperless, paid in full, air bags, and safe vehicle.
  • Liberty Mutual may have discounts that include exclusive group savings, new graduate, safety features, new move discount, new vehicle discount, and hybrid vehicle.
  • SAFECO has savings for anti-lock brakes, accident prevention training, teen safety rewards, teen safe driver, anti-theft, homeowner, and safe driver.
  • Progressive discounts include online quote discount, online signing, homeowner, good student, and continuous coverage.
  • USAA may include discounts for defensive driver, military installation, multi-policy, annual mileage, family discount, and good student.

If you are trying to find inexpensive car insurance quotes, ask every insurance company which discounts you may be entitled to. Savings may not apply to policyholders in your area. If you would like to choose from a list of companies offering car insurance discounts, follow this link.

How to compare auto insurance rate quotes

Most larger insurance companies such as Progressive, Geico, Allstate and State Farm give coverage prices on their websites. Getting prices online is pretty easy as you just type in the amount of coverage you want into the quote form. After you complete the form, the quote system automatically retrieves credit information and your driving record and returns a price quote based on these and other factors. Online price quotes makes it easy to compare insurance prices but the process of having to visit a lot of sites and fill out multiple forms can get tiresome after awhile. Unfortunately, it is important to do this if you are searching for better prices.

There is a better way!

A better way to compare auto insurance pricing utilizes a single form that gets prices from several different companies. The form is fast, reduces the work, and makes rate comparisons much more efficient. As soon as the form is sent, your coverage is rated and you are able to buy your choice of the returned quotes. If the quotes result in lower rates, you can simply submit the application and purchase the new policy. The entire process can be completed in less than 10 minutes and you’ll know if lower rates are available.

If you want to compare pricing, click here and begin entering your coverage information. To compare your current rates, we recommend you duplicate your coverages as close as possible to your current policy. This way, you will be getting rate comparison quotes using the same coverage and limits.

Lexus IS 300 insurance premium factors

Multiple criteria are used in the calculation when premium rates are determined. Some factors are common sense such as your driving record, but some are not quite as obvious like your continuous coverage or your vehicle rating.Consumers need to have an understanding of the factors that are used to determine car insurance rates. If you have a feel for what influences your rates, this helps enable you to make changes that could help you find lower rates.

The factors shown below are some of the things used by your company to calculate your prices.

  • High coverage deductibles equal low rates – The deductibles you choose represent how much money you are willing to pay if the claim is covered. Coverage for physical damage, aka comp and collision, is used to repair damage to your car. Some examples of covered claims would be colliding with a stationary object, vandalism, and damage caused by road hazards. The larger the amount the insured is willing to pay, the better rate you will receive for IS 300 coverage.
  • Premiums are high for teenagers – Older, more experienced drivers have been proven to be more responsible, cause fewer claims and accidents .Inexperience drivers are known to be more careless when behind the wheel therefore car insurance rates are much higher.
  • Liability coverage is peace of mind – The liability section of your policy provides coverage in the event that a court rules you are at fault for causing personal injury or damage in an accident. It provides for a legal defense which can cost a lot. This coverage is relatively inexpensive compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Rates can drop if you have more than one policy – Some insurers provide lower prices to insureds that have more than one policy in the form of a multi-policy discount. If you currently are using one company, it’s always a smart idea to check prices from other companies to make sure you are getting the best deal.
  • Deter vehicle theft – Owning a car with advanced anti-theft systems can help lower your premiums. Systems that thwart theives such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent auto theft.
  • Your location is important – Living in less populated areas has it’s advantages when buying car insurance. Urban drivers regularly have much more traffic and a longer drive to work. Less people living in that area means fewer accidents and lower theft and vandalism rates.
  • Do you really need to file that car insurance claims? – If you file a lot of claims you should expect either policy cancellation or increased premiums. Insurance companies award cheaper rates to people who are claim-free. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
  • Never allow your coverage to lapse – Having an insurance coverage lapse can be a quick way to drive up your policy premiums. In addition to paying higher premiums, the inability to provide proof of insurance can result in fines or a revoked license.

Tailor your insurance coverage to you

When it comes to buying the best insurance coverage, there is no one size fits all plan. Every situation is different so your insurance should reflect that Here are some questions about coverages that may help you determine whether you would benefit from professional advice.

  • Should I buy more coverage than the required minimum liability coverage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Am I insured when driving a different vehicle?
  • How many claims can I have before being cancelled?
  • What is the rate difference between pleasure use and commuting?
  • Is my 2017 Lexus IS 300 covered for smoke damage?

If you’re not sure about those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Coverages available on your insurance policy

Having a good grasp of a insurance policy aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages offered by insurance companies.

Collision protection

Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like rolling your car, hitting a parking meter, hitting a mailbox and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive coverages

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as fire damage, rock chips in glass, damage from getting keyed, theft and hitting a deer. The maximum amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like doctor visits, EMT expenses, nursing services and chiropractic care. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Liability auto insurance

Liability coverage protects you from damages or injuries you inflict on other people or property by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against things such as legal defense fees, court costs, medical services, loss of income and emergency aid. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Lexus IS 300.

Due to the fact that many drivers 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.

A fool and his money are soon parted

Budget-friendly insurance coverage can be found from both online companies in addition to local insurance agencies, so you need to shop car insurance with both so you have a total pricing picture. Some insurance companies may not provide rate quotes online and most of the time these smaller companies prefer to sell through independent agents.

In this article, we presented many tips how you can compare 2017 Lexus IS 300 insurance premium rates online. The key concept to understand is the more you quote car insurance, the higher the chance of saving money. You may even find the best premium rates are with a smaller regional carrier. Smaller companies may cover specific market segments cheaper as compared to the big name companies such as State Farm and Allstate.

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