2017 Lexus IS 350 Insurance Cost – 8 Tips for Best Prices

Buyers have a choice when searching for the lowest priced Lexus IS 350 insurance. They can either spend hours driving around to compare prices or use the internet to compare rates.

There is a right way and a wrong way to find insurance coverage online so we’re going to tell you the absolute fastest way to quote coverages on a Lexus and find the lowest price.

Insurance policy discounts

Auto insurance companies don’t always advertise every available discount very well, so we took the time to find both the well known as well as some of the hidden credits available to lower your premiums when you buy insurance coverage online.

  • Seat Belt Discounts – Buckling up and requiring all passengers to use their safety belts can save a little on the medical payments or PIP coverage costs.
  • Low Mileage – Fewer annual miles on your Lexus may enable drivers to earn better rates on cars that stay parked.
  • Active Service Discounts – Having a deployed family member could be rewarded with lower premium rates.
  • Theft Deterent – Anti-theft and alarm system equipped vehicles can help prevent theft and will save you 10% or more.
  • ABS Braking Discount – Cars and trucks with ABS braking systems or traction control are safer to drive so companies give up to a 10% discount.
  • Discount for Multiple Policies – If you have multiple policies and place coverage with the same company you could get a discount of up to 20% off your total premium.
  • Buy New and Save – Buying a new car instead of a used car can save you some money because new vehicles keep occupants safer.
  • Club Memberships – Affiliation with a professional or civic organization could trigger savings on your bill.

As is typical with insurance, most discounts do not apply the the whole policy. Some only apply to individual premiums such as medical payments or collision. So even though you would think you would end up receiving a 100% discount, you won’t be that lucky. But all discounts should help lower the cost of your policy.

To locate insurance companies that provide some of the discounts listed above, click this link.

Car insurance quotes comparison

There are a variety of methods to compare car insurance quotes, but some are easier and takes less work. You could spend the better part of a day talking about coverages with insurance agencies in your area, or you can stay home and use the internet to get the quickest rates.

Most car insurance companies participate in an industry program that enables customers to only type in their quote data once, and at least one company then returns a price quote determined by their information. This saves time by eliminating form submissions for every car insurance company. To compare rates using this form now click here to open in new window.

The only downside to using this type of system is that you can’t choose the insurers to get quotes from. If you would rather choose individual companies for rate comparison, we have a page of companies who write car insurance in your area. Click here to view list.

How you compare quotes is your choice, just make sure you compare exactly the same coverage information on every price quote you get. If your comparisons have mixed coverages you will not be able to make an equal comparison.

How do I know if I need professional advice?

When buying proper insurance coverage, there really is no cookie cutter policy. Everyone’s needs are different.

For instance, these questions can aid in determining if your situation may require specific advice.

  • What is UM/UIM insurance?
  • Does insurance cover damages from a DUI accident?
  • Why does it cost so much to insure a teen driver?
  • When would I need rental car insurance?
  • Will my insurance pay for OEM parts?
  • Are my friends covered when driving my car?
  • Do I benefit by insuring my home with the same company?
  • Is my state a no-fault state?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form. It is quick, free and may give you better protection.

Insurance coverage advertisements

Drivers can’t avoid all the ads for the lowest price insurance coverage from the likes of Geico, State Farm and Progressive. All the companies seem to make the promise about how much you will save just by moving to them.

Is it even possible that every company can claim to save you money?

Different companies have specific guidelines for the right customer that earns them the highest profit. For instance, this type of risk profile may need to be over the age of 45, has few claims, and drives a lower-performance vehicle. Anybody who meets those qualifications will most likely get cheap car insurance rates and is almost guaranteed to cut their rates if they switch.

People who don’t qualify for these criteria will be quoted higher prices which usually ends up with the customer buying from a different company. If you listen to the ad wording, they say “drivers that switch” not “everyone who quotes” save that much. That’s the way companies can truthfully claim big savings.

Different companies use different criteria so it is so important to compare price quotes frequently. It’s just too difficult to predict which insurance coverage company will have the best premium rates for your profile.

Car insurance coverage options for a 2017 Lexus IS 350

Understanding the coverages of your car insurance policy can help you determine appropriate coverage for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hitting a deer, fire damage and vandalism. 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 it’s probably time to drop comprehensive insurance.

Collision coverage protection

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

Collision coverage pays for claims like damaging your car on a curb, sustaining damage from a pot hole, hitting a mailbox and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Uninsured or underinsured coverage

This coverage provides protection from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are identical to your policy’s liability coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as surgery, chiropractic care and doctor visits. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability car insurance

Liability coverage will cover damages or injuries you inflict on other’s property or people that is your fault. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability insurance covers claims such as legal defense fees, pain and suffering and emergency aid. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Have money to burn

Some insurance companies may not offer rate quotes online and many times these small insurance companies only sell coverage through independent agents. Cost effective 2017 Lexus IS 350 insurance is definitely available on the web as well as from independent agents, so you should compare both to have the best chance of lowering rates.

Drivers leave their current company for many reasons like high prices, unfair underwriting practices, delays in responding to claim requests and an unsatisfactory settlement offer. It doesn’t matter what your reason, choosing a new insurance company can be easier than you think.

You just read a lot of tips how to save on 2017 Lexus IS 350 insurance. The key thing to remember is the more rate quotes you have, the better your chances of lowering your premium rates. You may even discover the biggest savings come from some of the lesser-known companies.

More detailed insurance coverage information is available by following these links: