2008 Lexus IS 250 Insurance Rates

Trying to find better insurance rates for your Lexus IS 250? Scraping up a payment for expensive Lexus IS 250 insurance can drain your savings account and possibly require you to analyze your spending habits. Doing a rate comparison can lower your rates and help to slash your bill and have more diposable income.

With so many companies and agents to choose from, it can be hard to choose the right insurance company.

You need to compare rates on a regular basis because insurance prices are rarely the same from one policy term to another. Even if you got the lowest rates for IS 250 insurance last year you may be paying too much now. Forget all the misinformation about insurance because we’re going to demonstrate the best methods to lower your rates without sacrificing coverage.

Compare insurance price quotes online

There are a variety of methods you can shop for insurance but some are easier and takes less work. You can waste a lot of time driving to local insurance agents in your area, or you could save time and use the internet to achieve your goal.

Most car insurance companies belong to a marketplace where prospective buyers submit their information once, and every company returns a rated price for coverage. This eliminates the need for quote forms for each company.

To compare pricing click here (opens in new window).

One minor caviat to using this type of system is you can’t choose which providers you will receive quotes from. If you wish to select from a list of companies to receive pricing from, we have a listing of insurance companies in your area. Click here for list of insurance companies.

Compare rates however you want, just be sure you’re using exactly the same information for each comparison quote. If you have different coverage information it will be next to impossible to make an equal comparison.

Do you really save 40% when you switch?

Consumers can’t avoid all the ads for cheaper auto insurance from the likes of 21st Century, Allstate and State Farm. All the ads tend to make the same promise that you can save if you change your auto insurance policy to them.

How can each company offer drivers better rates?

Auto insurance companies give the best rates for the type of customer that earns them the highest profit. One example of this type of risk profile may be a married female, has no claims, and drives less than 5,000 miles a year. A customer getting a price quote who fits those characteristics will most likely get cheap car insurance rates and most likely will save when they switch companies.

Insureds who don’t meet the requirements will see higher premiums and this can result in business going elsewhere. The ad wording is “people who switch” not “everybody who quotes” can get the lowest rates when switching. That’s why companies can advertise the way they do. Because of these techniques, drivers must compare as many free insurance quotes as you can. It is impossible to predict which company will have the lowest prices for your situation.

Why your insurance premiums might be higher

Lots of things are used in the calculation when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, but other factors are not as apparent such as your credit history or how financially stable you are.Consumers need to have an understanding of some of the factors that come into play when calculating the level of your policy premiums. When consumers understand what determines premiums, this enables informed choices that can help you get cheaper rates.

  • Cautious drivers pay less – Your driving citation history has a huge affect on how much you pay. Attentive drivers get better prices than people who have multiple driving citations. Even one moving violation may increase your cost by twenty percent. Drivers who have received dangerous violations like DUI, reckless driving or excessive speeding might be required by their state to file a SR-22 with their state’s department of motor vehicles in order to continue driving.
  • Insurance is expensive for teenage drivers – Inexperience drivers have been known to be easily distracted when driving so they pay higher insurance coverage rates. Older people have been proven to be more responsible, are lower risk to insure , and are generally more financially stable.
  • Gender and car insurance – Statistics have proven women tend to be less risk to insure than men. The data does not necessarily mean that men are worse drivers. Both sexes cause at-fault accidents at a similar rate, but the men get into accidents with more damage. Men also receive more major tickets like driving under the influence (DUI).
  • Bundle policies with the same company – Lots of companies allow discounts to policyholders who carry more than one policy. It’s known as a multi-policy discount. Even with this discount, consumers should still comparison shop to make sure you are getting the best deal.
  • Do you need those incidental coverages? – There are a lot of additional coverages you can purchase when buying insurance coverage. Coverages like personal injury protection, better glass coverage, and extra life insurance coverage may not be needed and are just wasting money. They may seem like a good idea when you first buy your policy, but your money might be better spent on other coverage so eliminate them to save money.

Use discounts on car insurance

Car insurance can be pricey, but you might already qualify for some discounts that you may not even know about. A few discounts will be applied at the time of quoting, but a few must be specially asked for before you get the savings.

  • Safe Driver Discount – Drivers who avoid accidents can save up to 40% or more on their insurance quote for IS 250 insurance than drivers with accidents.
  • Passive Restraints and Air Bags – Factory options such as air bags or motorized seat belts can get savings of up to 25% or more.
  • Driving Data Discount – Drivers who elect to allow their car insurance company to spy on where and when they drive by installing a telematics device such as State Farm’s In-Drive might get better premium rates if they have good driving habits.
  • Paperless Signup – Some car insurance companies will give you a small discount for buying your policy on their website.
  • Discounts for Seat Belt Usage – Requiring all passengers to use their safety belts could save 15% off the personal injury premium cost.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and therefore earn up to a 10% discount.
  • Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices can help prevent theft and therefore earn up to a 10% discount.
  • Pay Early and Save – By making one initial payment instead of making monthly payments you can avoid the installment charge.
  • Multi-Vehicle Discounts – Insuring multiple cars on the same car insurance policy can reduce the rates for all insured vehicles.
  • Professional Memberships – Affiliation with a civic or occupational organization may earn a discount on your policy.

Don’t be shocked that most of the big mark downs will not be given to your bottom line cost. Some only reduce specific coverage prices like comprehensive or collision. Despite the fact that it seems like you would end up receiving a 100% discount, that’s just not realistic.

Popular car insurance companies and some of the premium reductions they offer are included below.

  • Progressive may offer discounts for multi-vehicle, continuous coverage, online quote discount, good student, multi-policy, online signing, and homeowner.
  • GEICO has discounts for multi-vehicle, air bags, anti-theft, good student, federal employee, and defensive driver.
  • State Farm includes discounts for multiple policy, good driver, student away at school, Drive Safe & Save, anti-theft, Steer Clear safe driver discount, and good student.
  • Esurance offers premium reductions for claim free, DriveSense, renters, safety device, defensive driver, and homeowner.
  • The Hartford has savings for bundle, anti-theft, defensive driver, air bag, and driver training.

It’s a good idea to ask all companies you are considering which discounts can lower your rates. All car insurance discounts may not be offered in your area.

Tailor your auto insurance coverage to you

When it comes to buying proper insurance coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions can help discover if you might need professional guidance.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Do I have coverage when making deliveries for my home business?
  • Should I have combined single limit or split liability limits?
  • Is my Lexus IS 250 covered if I use it for business?
  • What is an SR-22 filing?
  • Can my babysitter drive my car?
  • Are all vehicle passengers covered by medical payments coverage?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I need motorclub coverage?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Coverage specifics

Having a good grasp of auto insurance helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average auto insurance policy.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for immediate expenses like nursing services, dental work, hospital visits, pain medications and chiropractic care. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus IS 250.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Auto liability

Liability insurance provides protection from damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like structural damage, medical expenses, bail bonds and medical services. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage

Collision coverage pays for damage to your IS 250 from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as driving through your garage door, damaging your car on a curb, scraping a guard rail, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Comprehensive coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as a tree branch falling on your vehicle, hitting a deer, a broken windshield and theft. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Don’t be a big spender

When you buy insurance online, never buy lower coverage limits just to save a few bucks. Too many times, consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that they should have had better coverage. Your strategy should be to find the BEST coverage at a price you can afford but still have enough coverage for asset protection.

Some insurance companies may not have rate quotes online and usually these smaller companies sell through independent insurance agents. Budget-conscious 2008 Lexus IS 250 insurance can be bought from both online companies as well as from insurance agents, and you should be comparing both to get a complete price analysis.

Additional insurance information is available on the following sites: