2012 Lexus IS 350 Car Insurance Rates – 5 Savings Tips

Want lower auto insurance rates for your Lexus IS 350? Did you fall for a flashy sales pitch and buy overpriced auto insurance? Trust us when we tell you you’re not alone.

Companies like Geico, 21st Century and Progressive all claim big savings with ads and consumers find it hard to see through the deception and do the work needed to find the best deal.

You should take the time to compare prices once or twice a year because rates fluctuate regularly. Despite the fact that you may have had the lowest price for IS 350 coverage a couple years back a different company probably has better rates today. Starting right now, forget all the misinformation about auto insurance because you’re going to learn the quickest way to lower your annual insurance bill.

If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these tips. Choosing the best insurance company for you is easy if you know what you’re doing. But consumers do need to know the methods companies use to market on the web because it can help you find the best coverage.

Save money by taking advantage of these five discounts

Car insurance companies don’t list every discount very well, so we break down some of the best known and the more hidden ways to save on auto insurance.

  • Sign Early and Save – A few companies offer discounts for switching policies prior to your current policy expiring. It can save you around 10%.
  • Clubs and Organizations – Participating in a professional or civic organization could trigger savings when buying auto insurance for IS 350 coverage.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same auto insurance policy can get a discount on all vehicles.
  • Use Seat Belts – Buckling up and requiring all passengers to use a seat belt can save 10% or more on the medical payments or PIP coverage costs.
  • Accident Free – Good drivers with no accidents can save substantially when compared with accident-prone drivers.

Keep in mind that most discounts do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

Car insurance companies that may have some of the above discounts may include but are not limited to:

Check with each insurance company what discounts are available to you. All car insurance discounts might not be offered in your area.

How to Compare Auto Insurance

When shopping for auto insurance there are multiple ways of comparing rate quotes and find the best price. The quickest method to compare 2012 Lexus IS 350 insurance prices is simply to get online rate quotes. This can be done in several different ways.

  1. The easiest and least time consuming way to get quotes for comparison is a comparison rater form click here to open form in new window. This method eliminates the need for separate quotes to each individual auto insurance company. One form will return quotes from all major companies.
  2. Another way to compare prices is to manually visit each company website to complete a price quote. For sake of this example, let’s assume you want comparison quotes from USAA, Geico and Farmers. To get each rate you have to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

  3. The least efficient way to compare rates is to waste gas driving to insurance agents’ offices. The ability to buy insurance online eliminates the need for an insurance agent unless you want the professional advice of a licensed agent. Drivers can compare online quotes but buy from a local insurance agent. We’ll cover that shortly.

It’s up to you how you get prices quotes, just ensure you’re using identical coverages for every company. If the quotes have unequal deductibles or liability limits it will be very difficult to make an equal comparison. Just a small difference in coverages could mean much higher rates. And when price shopping your coverage, comparing more company’s prices will increase your chances of finding a better price.

When should I use an insurance agent?

When it comes to buying coverage, there really is not a “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.

  • How many claims can I have before being cancelled?
  • Am I covered when driving in Canada or Mexico?
  • How does medical payments coverage work?
  • How can I get high-risk coverage after a DUI?
  • Is my Lexus IS 350 covered if I use it for business?
  • Am I covered when driving on a suspended license?
  • Do I really need UM/UIM coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my babysitter covered when using my vehicle?
  • Am I covered if I wreck a rental car?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance coverage companies in your area.

Car insurance coverages for a 2012 Lexus IS 350

Learning about specific coverages of a insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average insurance policy.

Collision protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like backing into a parked car, scraping a guard rail, hitting a parking meter and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like doctor visits, funeral costs, EMT expenses, nursing services and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as a tree branch falling on your vehicle, damage from a tornado or hurricane and damage from flooding. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability coverage

This coverage will cover damage or injury you incur to other people or property by causing an accident. It protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims like pain and suffering, legal defense fees, bail bonds and attorney fees. The amount of liability coverage you purchase is your choice, but buy as high a limit as you can afford.

Never pay more for less

In this article, we covered a lot of tips how to get a better price on 2012 Lexus IS 350 insurance. The most important thing to understand is the more rate quotes you have, the better likelihood of reducing your rate. Consumers may even find the lowest rates come from an unexpected company. These companies can often provide lower rates in certain areas than their larger competitors like Progressive and Geico.

Affordable insurance can be bought both online and with local insurance agents, and you need to price shop both so you have a total pricing picture. A few companies do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

As you restructure your insurance plan, make sure you don’t buy less coverage just to save a little money. In many cases, an insured dropped comprehensive coverage or liability limits and learned later that it was a big mistake. Your strategy should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

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