2011 Lexus IS F Car Insurance Rates

Feel like you’re a prisoner to an underperforming, overpriced auto insurance policy? Trust us when we tell you you are not the only one feeling buyer’s remorse.

Online insurance companies like State Farm, Allstate, Geico and Progressive constantly blast consumers with fancy advertisements and it is challenging if not impossible to ignore the promise of big savings and effectively compare rates to find the best deal.

If you currently have car insurance, you stand a good chance to be able to save some money using this strategy. Choosing the best insurance company for you is not that difficult. But car owners benefit from understanding how the larger insurance companies sell insurance online and take advantage of how the system works.

Vehicle Insurance Comparison

To find the best insurance coverage prices, there are several ways to compare rate quotes and find the best price. By far the easiest way to find the lowest 2011 Lexus IS F rates consists of shopping online. This can be accomplished in just a few minutes using one of these methods.

The recommended way to get the best comparison quotes is an all-inclusive rate comparison click to view form in new window. This easy form prevents you from having to do separate quotation requests for each company you want a rate for. Filling out one form will return price quotes from multiple companies.

Another way to compare rate quotes is spending the time to visit the website of each company to complete their respective quote request forms. For instance, let’s say you want rates from Liberty Mutual, 21st Century and Geico. You would have to visit each site to input your insurance information, which is why the first method is more popular.

For a list of links to companies insuring cars in your area, click here.

The least recommended way to compare rates is to spend your day driving to local insurance agencies. Buying insurance online has reduced the need for local agents unless you require the professional guidance of a local agent. However, consumers can obtain prices from the web but still have the advice of a local agent and we’ll touch on that later.

It’s up to you how you get prices quotes, just ensure you are comparing the exact same information for each price quote. If you are comparing different limits and deductibles on each one then you won’t be able to determine which rate is truly the best. Quoting even small variations in insurance coverages can mean a large discrepancy in price. It’s important to know that having more price comparisons provides better odds of finding lower pricing.

Why your Lexus IS F insurance rates may be high

It’s important that you understand the different types of things that go into determining the rates you pay for car insurance. Understanding what controls the rates you pay helps enable you to make changes that could result in much lower annual insurance costs.

  • High credit ratings translate to low rates – Credit history is a large factor in determining your rates. If your credit history is not that good, you could save money insuring your 2011 Lexus IS F by spending a little time repairing your credit. People with excellent credit tend to be more responsible than drivers with lower credit scores.
  • Mature drivers pay less – Older drivers are more cautious drivers, tend to file fewer claims and are safer drivers. Teen drivers tend to get distracted easily behind the wheel therefore car insurance rates are much higher.
  • Drive less and save money – The more miles you rack up on your Lexus in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles based on their usage. Cars used primarily for pleasure use get more affordable rates than vehicles that are driven to work every day. Double check that your car insurance policy properly reflects how each vehicle is driven. Incorrect usage on your IS F can cost quite a bit.
  • Liability insurance protects assets – Liability insurance is the protection if a court rules you are at fault for damages caused by your negligence. It provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.
  • Never allow your policy to lapse – Not having insurance is against the law and as a result your rates will increase for letting your coverage lapse. Not only will rates go up, failure to provide proof of insurance will get you a steep fine or even jail time.You may have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
  • Men pay higher rates – Statistics show that women are safer drivers than men. However, this does not mean women are better drivers. Men and women are in accidents in similar percentages, but the men have costlier accidents. Men also statistically get cited for more serious violations such as DWI and reckless driving. Young males tend to get in the most accidents and therefore have the most expensive car insurance rates.
  • Safer cars are cheaper to insure – Vehicles with high crash test scores are cheaper to insure. Safe vehicles result in less severe injuries and lower injury rates translates into savings for insurance companies and thus lower rates. If your Lexus 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 it is probably cheaper to insure.
  • Cautious drivers pay less – A bad driving record has a huge affect on how much you pay. Drivers who don’t get tickets get better rates than bad drivers. Only having one speeding ticket can bump up the cost by twenty percent. If you have serious violations like DUI or reckless driving may find they need to file a SR-22 to the state department of motor vehicles in order to continue driving.

Cut your car insurance rates with discounts

Auto insurance companies don’t list all available discounts in an easy-to-find place, so the following is a list of some of the more common and the more hidden discounts you could be receiving.

  • Good Student Discount – This discount can earn a discount of 20% or more. The good student discount can last up to age 25.
  • Use Seat Belts – Drivers who require all occupants to wear their seat belts could save 15% off your PIP or medical payments premium.
  • Passive Restraint Discount – Factory air bags or automatic seat belts can get savings up to 30%.
  • Accident Waiver – Certain companies will allow you to have one accident before raising your premiums if your claims history is clear prior to the accident.
  • Safe Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for IS F coverage than drivers with accident claims.
  • Resident Student – Kids in college who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.
  • Military Rewards – Having a family member in the military could mean lower rates.
  • New Car Discount – Adding a new car to your policy can save up to 30% due to better safety requirements for new cars.

A little note about advertised discounts, many deductions do not apply the the whole policy. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, companies wouldn’t make money that way.

To see a list of insurers who offer car insurance discounts, click this link.

You are unique and your insurance should be too

When buying coverage, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if you would benefit from an agent’s advice.

  • Do I have coverage for damage caused while driving under the influence?
  • Do I need special endorsements for business use of my vehicle?
  • Does my insurance cover my expensive audio equipment?
  • Should I put collision coverage on all my vehicles?
  • What if I owe more than I can insure my car for?
  • What is high-risk coverage and where do I buy it?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Specifics of your insurance policy

Having a good grasp of a insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Listed below are typical coverage types available from insurance companies.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses like nursing services, ambulance fees, surgery and rehabilitation expenses. They are used to fill the gap from your health insurance program or if you do not have health coverage. They cover all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverage

This coverage provides protection from damage that occurs to other people or property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

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 values of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things like repair costs for stationary objects, bail bonds, funeral expenses, medical expenses and attorney fees. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Collision protection

This coverage covers damage to your IS F resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like rolling your car, hitting a parking meter and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as fire damage, rock chips in glass, vandalism and a broken windshield. The most your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2011 Lexus IS F.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Spend less. Save more.

Budget-conscious 2011 Lexus IS F insurance is attainable both online and with local insurance agents, so compare prices from both to have the best selection. Some companies do not offer you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

As you prepare to switch companies, it’s very important that you do not skimp on coverage in order to save money. There have been many cases where someone dropped collision coverage and discovered at claim time that the few dollars in savings costed them thousands. Your aim should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

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