Save on 2008 Lexus IS 350 Insurance Cost

Want better insurance coverage rates for your Lexus IS 350? Searching for the lowest cost insurance coverage over the internet is impossible for people who are new to comparing rates online. With a ridiculous number of insurers available, how can you possibly compare every one to find the lowest price?

Finding affordable coverage is quite easy. Just about every vehicle owner who is required by state law to have insurance coverage most likely will be able to save money. Although drivers can benefit by having an understanding of how big insurance companies market insurance on the web and use this information to your advantage.

How to Compare Insurance Coverage

Shopping for lower insurance coverage rates is a ton of work if you don’t know the best way to get rate quotes. You can spend your afternoon driving to agents in your area, or you could use the web to get pricing more quickly.

Most car insurance companies participate in an industry program that enables customers to submit their information once, and at least one company can provide price quotes based on the submitted data. This prevents consumers from doing form submissions for every insurance coverage company.

To participate in this free quote system, click here to open in new window.

One minor caviat to comparing rates this way is you don’t know exactly which insurance companies to get quotes from. So if you want to select from a list of companies to compare rates, we put together a list of low cost insurance coverage companies in your area. View list of insurance companies.

It’s up to you which method you use, but make darn sure you compare exactly the same coverage information for every company. If each company quotes different deductibles you will not be able to decipher which rate is best. Having just a slight variation in insurance coverages may result in large price differences. And when quoting insurance coverage, remember that more quotes provides better odds of finding a better price.

Pay less for Lexus IS 350 insurance

Companies offering auto insurance don’t always publicize every available discount very well, so here is a list some of the more common and the more hidden discounts you could be receiving.

  • Fewer Miles Equal More Savings – Keeping the miles down on your Lexus can earn discounted rates on garaged vehicles.
  • New Vehicle Savings – Buying coverage on a new vehicle is cheaper since new cars are generally safer.
  • Early Signing – Some insurance companies reward drivers for switching to them before your current expiration date. This can save 10% or more.
  • Paperless Signup – A few companies will give a small break for buying your policy over the internet.
  • Bundle and Save – When you combine your home and auto insurance with one company you may earn approximately 10% to 15%.

It’s important to understand that some credits don’t apply to the entire policy premium. Most only apply to the price of certain insurance coverages like comprehensive or collision. Just because you may think you can get free auto insurance, you won’t be that lucky.

To see a list of companies who offer insurance coverage discounts, click here to view.

Tailor your coverage to you

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs.

For example, these questions may help highlight whether you might need an agent’s assistance.

  • Is there coverage for injuries to my pets?
  • What is roadside assistance coverage?
  • Am I covered when delivering products for my home-based business?
  • Am I covered if hit by an uninsured driver?
  • What is PIP insurance?
  • Am I covered when driving in Canada or Mexico?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form.

Lexus IS 350 insurance premiums are calculated by many factors

Smart consumers have a good feel for the factors that help determine the rates you pay for insurance coverage. Having a good understanding of what influences your rates empowers consumers to make smart changes that can help you get lower insurance coverage prices.

  • Your location is important – Living in a rural area can save you money when buying insurance coverage. Drivers in populated areas have to deal with traffic congestion and much longer commute distances. Lower population means a lower chance of having an accident.
  • Extra coverages can waste money – There are a lot of extra bells and whistles that you can buy on your IS 350 policy. Coverages like rental car reimbursement, towing coverage and motor club memberships are examples of these. They may seem like a good idea initially, but if you don’t need them get rid of them and save.
  • 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 lower injury rates translates into savings for insurance companies and thus lower rates. If your Lexus IS 350 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • No coverage gaps is important – Driving without insurance is illegal and insurance coverage companies will penalize you for letting your insurance lapse. And not only will your rates increase, but not being able to provide proof of insurance might get you a revoked license or a big fine.Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Do you qualify for a multi-policy discount? – Many insurance companies will give a discount to people who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even with this discount, it’s in your best interest to compare other company rates to ensure the best deal.
  • Being married can save on insurance coverage – Being married can get you a discount on insurance coverage. Having a significant other is viewed as being more responsible it has been statistically shown that drivers who are married are more cautious.
  • How your age affects price – Mature drivers tend to be more responsible, tend to cause fewer accidents and receive fewer citations. Young drivers have a tendency to be more careless in a vehicle therefore insurance coverage rates are much higher.
  • Are you male or female? – Statistics have proven women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Women and men tend to get into accidents in similar numbers, but the men have costlier accidents. Men also statistically get cited for more serious violations such as reckless driving. Youthful male drivers are most likely to cause an accident and thus pay the highest rates.

How can State Farm, Geico and Progressive save drivers who switch?

State Farm, Geico and Progressive consistently run ads in print and on television. All the companies have a common claim that you’ll save big if you change your policy. How do they all make almost identical claims? This is how they do it.

Different companies are able to cherry pick for the driver that earns them a profit. For example, a profitable customer could be between the ages of 30 and 50, is a homeowner, and drives less than 10,000 miles a year. A propective insured who meets those qualifications will qualify for the lowest rates and therefore will save a lot of money.

Consumers who are not a match for the requirements will be charged higher premiums and this can result in the customer not buying. Company advertisements say “customers who switch” not “everybody who quotes” save that much money. That is how insurance companies can state the savings. That is why it’s extremely important to get as many comparisons as possible. It’s not possible to predict which auto insurance company will have the lowest Lexus IS 350 insurance rates.

Auto insurance coverage specifics

Learning about specific coverages of your policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as ambulance fees, rehabilitation expenses, pain medications and dental work. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Liability insurance

This coverage will cover damage that occurs to other’s property or people 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: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things like pain and suffering, attorney fees and medical services. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Coverage for collisions

Collision insurance will pay to fix damage to your IS 350 from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like driving through your garage door, hitting a mailbox, crashing into a ditch, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Uninsured or underinsured coverage

This coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Lexus IS 350.

Since a lot of drivers 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 should not be overlooked.

Comprehensive protection

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

Comprehensive coverage pays for claims such as hitting a deer, damage from flooding, fire damage, hitting a bird and rock chips in glass. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

More effort can pay off

Low-cost 2008 Lexus IS 350 insurance is available from both online companies and also from your neighborhood agents, so compare prices from both in order to have the best price selection to choose from. There are still a few companies who may not provide the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

We just presented some good ideas how you can save on insurance. The key concept to understand is the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the most savings is with the smaller companies.

Drivers who switch companies do it for any number of reasons including policy non-renewal, poor customer service, delays in responding to claim requests and not issuing a premium refund. Regardless of your reason for switching companies, switching companies can be easier than you think.

Additional insurance information is available at the links below