2014 Lexus IS F Car Insurance Cost – 10 Policy Discounts

Trying to find the cheapest insurance for your Lexus IS F can turn out to be a painful process, but you can use a few tricks to make it easier.

There is a better way to compare insurance coverage rates and you need to know the absolute fastest way to price shop coverage for a new or used Lexus and find the cheapest rates from local insurance agents and online providers.

It is always a good idea to compare prices periodically because prices go up and down regularly. If you had the best deal on IS F insurance two years ago you can probably find a lower rate today. You can find a lot of wrong information about insurance coverage online, so I’m going to show you some solid techniques on how to put money back in your pocket.

The easiest way to compare policy rates utilizes the fact most of the bigger providers allow for online access to quote your coverage. All you need to do is provide a little information such as your job, how much education you have, if you lease or own, and any included safety features. Your information is instantly submitted to multiple different insurance companies and you will get price comparisons very quickly.

Discounts are available to cut your rates

Car insurance is not cheap, but there are discounts available that you may not even be aware of. Larger premium reductions will be automatically applied at the time of purchase, but a few must be inquired about before being credited. If you don’t get every credit possible, you are paying more than you should be.

  • Senior Citizens – If you’re over the age of 55, you can possibly qualify for a discount up to 10% on IS F insurance.
  • New Vehicle Savings – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.
  • Military Discounts – Having a deployed family member could be rewarded with lower premiums.
  • Paperwork-free – Some insurance companies may give you up to $50 for buying your policy over the internet.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Lexus can qualify you for better rates on cars that stay parked.
  • Distant Student – Children living away from home attending college without a vehicle on campus may be able to be covered for less.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
  • Employee of Federal Government – Simply working for the federal government can save as much as 8% on IS F insurance with select insurance companies.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on IS F insurance than drivers with accident claims.
  • Pay Now and Pay Less – By paying your policy upfront rather than paying monthly you could save 5% or more.

As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So when the math indicates all those discounts means the company will pay you, companies wouldn’t make money that way. But all discounts will reduce your premiums.

To see a list of insurance companies offering auto insurance discounts, click here to view.

Everyone needs different coverages

When it comes to buying coverage, there isn’t really a perfect coverage plan. Every situation is different.

Here are some questions about coverages that might point out whether or not you might need professional guidance.

  • Is a blown tire covered by insurance?
  • What can I do if my company denied a claim?
  • Can my babysitter drive my car?
  • When do I need to add a new car to my policy?
  • Does my liability insurance cover pulling a trailer or camper?
  • How do I file an SR-22 for a DUI in my state?
  • Is my vehicle covered by my employer’s policy when using it for work?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It is quick, free and may give you better protection.

Slick advertising tricks that work

Consumers can’t ignore all the ads for cheaper car insurance from the likes of Progressive, Geico, Allstate and State Farm. All the companies have a common claim that you can save if you change your coverage to them.

How does each company make the same claim? It’s all in the numbers.

Different companies can use profiling for the type of driver they prefer to insure. A good example of a desirable insured could possibly be over the age of 40, has no driving citations, and has excellent credit. Any new insured that hits that “sweet spot” will qualify for the lowest rates and as a result will probably save when they switch companies.

Drivers who don’t qualify for these standards must pay a higher premium and this can result in the driver buying from a lower-cost company. The ads say “customers who switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can make the claims of big savings.

This illustrates why it is so important to get as many quotes as possible. Because you never know the company that will have the lowest Lexus IS F insurance rates.

Car insurance 101

Having a good grasp of your policy helps when choosing the right coverages and the correct deductibles and limits. Insurance terms can be confusing and nobody wants to actually read their policy.

Uninsured or underinsured coverage – This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Lexus IS F.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits are set the same as your liablity limits.

Collision – Collision coverage pays for damage to your IS F caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like crashing into a ditch, scraping a guard rail, backing into a parked car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Liability – Liability insurance can cover damage that occurs to a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like legal defense fees, pain and suffering and medical services. How much coverage you buy is your choice, but consider buying as much as you can afford.

Medical expense coverage – Med pay and PIP coverage reimburse you for expenses such as prosthetic devices, chiropractic care, funeral costs, rehabilitation expenses and pain medications. They are often used to fill the gap from your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive protection – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as vandalism, damage from a tornado or hurricane, hitting a deer and damage from flooding. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Get your money’s worth

When you buy insurance online, make sure you don’t buy lower coverage limits just to save a few bucks. There are too many instances where someone dropped uninsured motorist or liability limits to discover at claim time that it was a big mistake. Your goal should be to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

Drivers switch companies for any number of reasons including being labeled a high risk driver, unfair underwriting practices, denial of a claim or extreme rates for teen drivers. It doesn’t matter why you want to switch choosing a new insurance company is not as difficult as it may seem.

You just read a lot of ways to get a better price on 2014 Lexus IS F insurance. The key thing to remember is the more quotes you get, the better likelihood of reducing your rate. Consumers could even find that the biggest savings come from some of the smallest insurance companies.

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