Lower Your 2002 Lexus IS 300 Insurance Quotes

No sane person anticipates paying for insurance, in particular when they could lower their rates if they shopped around. Companies like State Farm, Farmers Insurance, GEICO and Allstate continually hit you with TV and radio ads and it is difficult to see past the corporate glitz and effectively compare rates to find the best deal.

It’s a good habit to shop coverage around every six months because prices go up and down regularly. Even if you got the lowest price for IS 300 coverage a couple years back there may be better deals available now. Forget anything you know (or think you know) about insurance because you’re going to learn the proper way to lower your annual insurance bill.

If you have a policy now or need new coverage, you will benefit by learning to find the best rates and still get good coverage. Finding the best rates is not that difficult. Drivers just need to know the most effective way to shop over the internet.

Ways to get car insurance price quotes

Most major insurance companies like State Farm, Allstate and GEICO allow you to get coverage price quotes direct online. Comparing prices online is fairly simple as all you need to do is type in your coverage information into the quote form. Behind the scenes, the quote system gets your driving and credit reports and quotes a price based on the data you entered. Quoting online makes it simple to compare prices but the work required to visit many different websites and complete many quote forms can be a bit repetitive. Unfortunately, it is important to have as many quotes as possible in order to find the lowest car insurance rates.

The easy way to compare rates

A better way to lower your rates uses just one form that gets prices from many companies. It saves time, requires less work, and makes comparison shopping much more enjoyable. After your information is entered, your coverage is rated and you can select your choice of the resulting price quotes.

If the quotes result in lower rates, you can simply submit the application and purchase the new policy. It takes 15 minutes at the most and may result in a nice savings.

To save time and find out what other companies charge, click here and enter your vehicle and coverage information. If you have a policy now, it’s recommended that you enter the coverage information identical to your current policy. Doing this guarantees you will get an apples-to-apples comparison for the exact same coverage.

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There’s no such thing as the perfect auto insurance policy

When it comes to choosing proper insurance coverage, there is no single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. Here are some questions about coverages that may help you determine whether you might need an agent’s assistance.

• Am I better off with higher deductibles on my 2002 Lexus IS 300?
• Does my insurance cover a custom paint job?
• Why am I required to buy liability insurance?
• Does my policy cover me when driving someone else’s vehicle?
• What can I do if my company won’t pay a claim?
• How can I get my company to pay me more for my totalled car?
• How much liability insurance is required?

If it’s difficult to answer those questions, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can help protect your family.

Insurance coverages explained

Having a good grasp of insurance can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by insurance companies.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as EMT expenses, prosthetic devices and nursing services. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision coverage – This coverage pays for damage to your IS 300 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like colliding with a tree, sideswiping another vehicle, driving through your garage door, hitting a parking meter and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, hitting a deer and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time 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.

Uninsured Motorist or Underinsured Motorist insurance – This provides protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your Lexus IS 300.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these limits are similar to your liability insurance amounts.

Liability insurance – Liability coverage can cover damage that occurs to other people or property in an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims like attorney fees, emergency aid, repair bills for other people’s vehicles and legal defense fees. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

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