How Much Does 2012 Lexus IS 350 C Car Insurance Cost?

Looking for cheaper auto insurance rates? Shoppers have options when shopping for the lowest priced Lexus IS 350 C insurance. You can either spend your time struggling with agents trying to get quotes or leverage the internet to get rate quotes. There is a right way and a wrong way to find auto insurance online and we’ll show you the best way to quote coverages for a Lexus and get the lowest possible price.

Your Lexus IS 350 C insurance rate is a complex equation

It’s important that you understand the factors that help determine your auto insurance rates. Knowing what determines base rates enables informed choices that can help you get better auto insurance rates.

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

  • High crash test scores lower rates – Vehicles with good safety scores can get you lower premiums. Safe vehicles protect occupants better and any reduction in injury severity means less money paid by your insurance company and lower rates for you. If your Lexus IS 350 C is rated at least four stars on Safercar.gov you are probably receiving a discount.
  • Older drivers pay less – Teen drivers are statistically proven to be less responsible in a vehicle so they pay higher auto insurance rates. Mature drivers tend to be more responsible, tend to cause fewer accidents and receive fewer citations.
  • Being married is a good thing – Getting married actually saves money on your auto insurance policy. Having a significant other usually means you are more responsible it has been statistically shown that drivers who are married are more cautious.
  • Consolidate policies to earn discounts – Some auto insurance companies give discounts to insureds who consolidate policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to comparison shop to ensure the best deal.
  • Your location is important – Being located in a small town can save you money when talking about auto insurance. City drivers have to deal with traffic congestion and much longer commute distances. Fewer people translates into fewer accidents.
  • Proper usage rating affects rates – 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 how the vehicle is used. Cars and trucks left parked in the garage receive lower rates than those used for commuting. Make sure your auto insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money. Incorrect usage on your IS 350 C may be costing you.
  • Little extras can really add up – There are a lot of extra bells and whistles that can waste your money on your IS 350 C policy. Coverages for vanishing deductibles, accident forgiveness and membership fees may be wasting your money. These coverages may sound good initially, but your needs may have changed so eliminate them to save money.

How to save on 2012 Lexus IS 350 C insurance

Car insurance companies don’t always advertise all their discounts in a way that’s easy to find, so we break down both well-publicized and also the lesser-known insurance savings. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Safe Drivers – Insureds without accidents can pay as much as 50% less on IS 350 C coverage than their less cautious counterparts.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
  • Auto/Life Discount – Larger companies have a break if you buy life insurance from them.
  • Use Seat Belts – Requiring all passengers to buckle their seat belts can save 10% or more off your PIP or medical payments premium.
  • Multiple Vehicles – Insuring multiple vehicles with the same company could earn a price break for each car.
  • Multiple Policy Discount – When you combine your home and auto insurance with one company you may earn up to 20% off your total premium.
  • No Accidents – Claim-free drivers pay much less compared to bad drivers.
  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class if offered at their school.

It’s important to note that most of the big mark downs will not be given to all coverage premiums. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Just because you may think you could get a free insurance policy, you’re out of luck.

To see a list of insurance companies offering insurance discounts, follow this link.

Is there deception in advertising?

Drivers can’t get away from ads for car insurance savings from companies such as Allstate and Progressive. All the ads say the same thing that you can save if you move your policy.

How does each company say the same thing? This is how they do it.

All companies have a preferred profile for the right customer they prefer to insure. For example, a driver they prefer could be a mature driver, a clean driving record, and drives less than 10,000 miles a year. Any new insured who matches those parameters will get very good rates and most likely will save quite a bit of money when switching.

Potential insureds who don’t meet these standards will be charged higher premiums and this can result in business going elsewhere. Company advertisements say “customers that switch” but not “drivers who get quotes” save that much. That’s why insurance companies can confidently state the savings. That is why you absolutely need to get a wide range of price quotes. You cannot predict which insurance companies will give you the biggest savings on Lexus IS 350 C insurance.

Tailor your coverage to you

When it comes to choosing adequate coverage, there really is no one size fits all plan. Everyone’s needs are different.

Here are some questions about coverages that can help discover if you might need an agent’s assistance.

  • Does my policy cover my teen driver if they drive my company car?
  • Where can I find DUI or SR-22 insurance?
  • How does medical payments coverage work?
  • If my pet gets injured in an accident are they covered?
  • What is an SR-22 filing?
  • Is my trailer covered?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, complete this form. It is quick, free and can help protect your family.

Auto insurance 101

Understanding the coverages of your car insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Collision – Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a mailbox, sideswiping another vehicle, crashing into a building, damaging your car on a curb and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Liability coverage – Liability coverage can cover damage that occurs to other’s property or people that is your fault. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for things like structural damage, court costs, medical services, medical expenses and attorney fees. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as vandalism, fire damage, a broken windshield and damage from a tornado or hurricane. The maximum amount your car insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical costs insurance – Coverage for medical payments and/or PIP pay for immediate expenses for doctor visits, surgery and hospital visits. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2012 Lexus IS 350 C.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

The best insurance company isn’t always the cheapest

We’ve covered some good ideas how you can get a better price on 2012 Lexus IS 350 C insurance. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the best price on car insurance is with some of the smallest insurance companies.

Cheaper insurance is attainable online in addition to many insurance agents, and you need to price shop both to get a complete price analysis. Some car insurance companies do not provide online quoting and usually these small, regional companies provide coverage only through local independent agents.

Drivers who switch companies do it for any number of reasons including policy non-renewal, being labeled a high risk driver, high rates after DUI convictions and lack of trust in their agent. Regardless of your reason, finding a new car insurance company is not as hard as you think.

Other learning opportunities