Cheaper 2016 Lexus IS 350 Insurance Quotes

No one in their right mind likes having to buy insurance, especially when they are aware that they are paying too much.

Vehicle owners have many insurers to insure vehicles with, and although it’s a good thing to have a selection, so many choices can make it hard to find the lowest rates.

Choosing the best insurance company for you is not that difficult. If you have car insurance now, you should be able to lower your premiums substantially using these methods. Although car owners should learn the way insurance companies price online insurance and use this information to your advantage.

The fastest way that we advise to compare policy rates is to know the fact all the major auto insurance companies pay for the opportunity to quote your coverage. To get started, all you need to do is give the companies some data like whether you have decent credit, what you do for a living, the ages of drivers, and whether the vehicles are used for commuting. That rating data is automatically sent to multiple insurance coverage providers and they provide comparison quotes instantly.

Well known brands might not be cheapest

Popular insurance providers such as State Farm, Allstate and Geico consistently run ads on TV and radio. They all state the claim that drivers will save a bundle after switching your coverage to them. How is it plausible that every one can lower your premium rates? Here is how they do it.

Insurance providers quote the lowest rates for a prospective insured that will generate a profit. For instance, a desirable risk should be over the age of 40, has no tickets, and drives a lower-performance vehicle. A propective insured that meets those criteria will get very good car insurance rates and as a result will probably cut their rates if they switch.

Potential insureds who do not meet the ideal profile may receive a higher premium which leads to the customer buying from a different company. If you pay attention, the ads say “customers that switch” but not “everyone who gets a quote” save that much. That is how insurance companies can confidently advertise the way they do. This illustrates why drivers should get price quotes at each policy renewal. It is just not possible to predict with any certainty which company will have the best premium rates.

Car Insurance Discounts

Companies that sell car insurance do not advertise all available discounts in an easy-to-find place, so below is a list a few of the more well known as well as some of the hidden discounts that you may qualify for.

  • Defensive Driver Discount – Completing a course that instructs on driving safety may get you a small discount and make you a better driver.
  • Distant Student Discount – College-age children who live away from home at college without a vehicle on campus may be insured at a cheaper rate.
  • Early Renewal Discounts – Some companies reward drivers for signing up before your current expiration date. The savings is around 10%.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to fasten their seat belts can save up to 15% off the personal injury premium cost.
  • No Charge for an Accident – Not a discount per se, but a few companies such as Libery Mutual, Geico and Allstate may permit one accident before they charge you more for coverage as long as you don’t have any claims prior to the accident.
  • Discount for Home Ownership – Being a homeowner can earn you a little savings because maintaining a house requires personal responsibility.
  • Fewer Miles Equal More Savings – Maintaining low annual mileage could be rewarded with cheaper premium rates.
  • Claim Free – Drivers with accident-free driving histories are rewarded with significantly better rates on auto insurance quote compared to frequent claim filers.
  • Payment Method – By paying your entire bill at once instead of paying each month you could save up to 5%.
  • Save over 55 – Drivers over the age of 55 can possibly qualify for lower premium rates for IS 350 coverage.

Don’t be shocked that some credits don’t apply to the entire policy premium. Most only reduce individual premiums such as medical payments or collision. Even though it appears you would end up receiving a 100% discount, companies wouldn’t make money that way.

To see insurers with significant discounts, click here to view.

Tailor your car insurance coverage to you

When it comes to choosing proper insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is unique so your insurance should reflect that For example, these questions may help highlight if you will benefit from professional help.

  • What is PIP insurance?
  • Does my medical payments coverage pay my health insurance deductible?
  • What vehicles should carry emergency assistance coverage?
  • Can I rate high risk drivers on liability-only vehicles?
  • Can my teen drive my company car?
  • Am I covered by my spouse’s policy after a separation?
  • Do I have coverage when pulling a U-Haul trailer?
  • Will I be non-renewed for getting a DUI or other conviction?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

Car insurance coverage breakdown

Knowing the specifics of car insurance aids in choosing appropriate coverage at the best deductibles and correct limits. Car insurance terms can be confusing and coverage can change by endorsement. These are the normal coverages found on most car insurance policies.

Liability insurance – This protects you from damage that occurs to other’s property or people in an accident. It protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

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. You might see liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers things such as structural damage, attorney fees, emergency aid and medical services. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Collision – This will pay to fix damage to your IS 350 from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as hitting a parking meter, colliding with another moving vehicle, rolling your car, crashing into a ditch and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for medical expenses – Medical payments and Personal Injury Protection insurance reimburse you for bills like surgery, funeral costs, chiropractic care and pain medications. They are often used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive car insurance – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, rock chips in glass and hitting a bird. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Power to the consumer

We just showed you a lot of ways to compare 2016 Lexus IS 350 insurance prices online. The key concept to understand is the more you quote auto insurance, the higher the chance of saving money. Consumers may even find the lowest prices are with the smaller companies. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as Allstate and Progressive.

Some insurance companies do not offer the ability to get quotes online and most of the time these smaller companies only sell coverage through local independent agents. Cost effective 2016 Lexus IS 350 insurance can be purchased both online and with local insurance agents, and you should compare price quotes from both to have the best selection.

As you go through the steps to switch your coverage, never skimp on coverage in order to save money. In many instances, an insured cut uninsured motorist or liability limits only to regret at claim time that they should have had better coverage. Your strategy should be to buy enough coverage at the best possible price but still have enough coverage for asset protection.

Additional auto insurance information is available on the following sites: