Compare 2017 Lexus IS 200t Insurance Cost

Searching for better insurance coverage rates for your Lexus IS 200t? Having to pay for high-priced Lexus IS 200t insurance can stress out your monthly budget and force you to prioritize other expenses. Performing a rate comparison is a great way to tighten up your finances.

Numerous insurers battle for your hard-earned dollar, so it’s not easy to compare every company to discover the definitive best price available.

It’s a great practice to compare rates before your next renewal because insurance coverage rates change regularly. Just because you had the best premium rates on IS 200t insurance a year ago you can probably find a better price now. Forget anything you know (or think you know) about insurance coverage because you’re about to learn the best methods to find great coverage at a great price.

Compare insurance rates

The majority of larger companies such as State Farm, Allstate and Geico allow consumers to get prices on their websites. The process is quite simple as you simply enter your personal and coverage information as detailed in the form. After you complete the form, the company’s rating system pulls reports for credit and driving violations and generates pricing information. Being able to quote online simplifies rate comparisons, but the process of having to visit each company’s website and repetitively type in your information is not the best way to spend an afternoon. But it’s absolutely necessary to have as many quotes as possible in order to find the lowest price.

A more efficient way to get multiple rate quotes uses one form that gets prices from more than one company. It saves time, reduces the work, and makes quoting online a little more enjoyable. Immediately after you send the form, it gets priced with multiple companies and you can pick any or none of the quote results.

If the quotes result in lower rates, you can simply submit the application and buy the new coverage. This process can be completed in a matter of minutes and may result in a nice savings.

To find out if lower rates are available, click here to open in a new tab and input your coverage information. If you have coverage now, it’s recommended you type in the insurance coverages as close as possible to your current policy. This guarantees you will have rate quotes based on identical coverages.

Auto insurance quotes and discounts

Some insurers don’t list the complete list of policy discounts in an easy-to-find place, so the list below contains a few of the more common and the harder-to-find credits available to lower your premiums when you buy insurance coverage online.

  • Braking Control Discount – Cars and trucks equipped with ABS or steering control can reduce accidents so you can save 10 percent or more.
  • Good Grades Discount – This discount can earn a discount of 20% or more. The discount lasts up until you turn 25.
  • Paperwork-free – A few larger online companies will provide an incentive for buying your policy on the internet.
  • Drive Safe and Save – Safe drivers could pay up to 40% less on IS 200t insurance than drivers with accidents.
  • Theft Deterent – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are stolen less frequently and that can save you a little bit as well.
  • Policy Bundle Discount – If you can bundle your auto and homeowners insurance with one company you could get a discount of over 10 percent off each policy depending on the company.
  • First Accident Forgiveness – This one isn’t a discount, but some insurance companies will allow you to have one accident without the usual rate increase as long as you don’t have any claims before the accident.
  • Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a discounted premium rate on car insurance if you buy life insurance.
  • Passive Restraint Discount – Vehicles equipped with air bags can qualify for discounts of 20 to 30 percent.

While discounts sound great, it’s important to understand that some credits don’t apply to the entire cost. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Even though the math looks like all those discounts means the company will pay you, company stockholders wouldn’t be very happy. Any amount of discount should help lower the premium cost.

Companies and some of the premium reductions they offer are shown below.

  • Geico has discounts for daytime running lights, military active duty, five-year accident-free, air bags, and anti-theft.
  • Mercury Insurance offers premium reductions for anti-theft, ease of repair, low natural disaster claims, multi-policy, multi-car, professional/association, and annual mileage.
  • Farmers Insurance includes discounts for alternative fuel, distant student, good student, business and professional, bundle discounts, and early shopping.
  • Auto-Owners Insurance may have discounts that include multiple vehicles, student away at school, mature driver, teen driver, and paid in full.
  • Liberty Mutual policyholders can earn discounts including new move discount, newly married, new graduate, newly retired, hybrid vehicle, exclusive group savings, and multi-car.
  • SAFECO has savings for homeowner, accident prevention training, safe driver, teen safety rewards, bundle discounts, anti-lock brakes, and anti-theft.
  • Progressive discounts include multi-vehicle, online signing, multi-policy, online quote discount, and continuous coverage.
  • USAA may offer discounts for defensive driver, vehicle storage, multi-vehicle, driver training, military installation, and multi-policy.

If you are trying to find cheap insurance coverage quotes, ask all companies you are considering to give you their best rates. Some discounts listed above might not apply in every state. To find auto insurance companies who offer cheap auto insurance quotes, follow this link.

Situations that may require an agent’s advice

When buying adequate coverage, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that could help you determine if your situation might need professional guidance.

  • Should I buy more coverage than the required minimum liability coverage?
  • Am I covered if hit by an uninsured driver?
  • Who is covered by my policy?
  • Am I covered when driving a rental car?
  • Do I have coverage when pulling a U-Haul trailer?
  • Can I rent a car in Mexico?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Car insurance coverages explained

Having a good grasp of a car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages found on most car insurance policies.

Medical expense coverage

Med pay and PIP coverage kick in for bills like pain medications, funeral costs, dental work, prosthetic devices and ambulance fees. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as hitting a bird, hitting a deer and falling objects. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage protection

This will pay to fix damage to your IS 200t caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like colliding with another moving vehicle, hitting a mailbox and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage

This provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Lexus IS 200t.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Normally these limits are similar to your liability insurance amounts.

Liability car insurance

This can cover damage that occurs to other’s property or people that is your fault. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like attorney fees, medical expenses, court costs and medical services. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.