Compare 2011 Lexus IS 350 Insurance Cost

Shoppers have many options when shopping for low-cost Lexus IS 350 insurance. They can either spend hours contacting agents to compare prices or utilize the internet to get rate quotes.

There are more efficient ways to shop for auto insurance and we’ll show you the quickest way to compare rates for a Lexus and obtain the lowest price from both online companies and local agents.

The cheapest car insurance

There are a lot of ways to compare car insurance quotes, but one way is less time-consuming than others. You can spend your afternoon driving to insurance agencies in your area, or you can stay home and use online quoting to get pricing more quickly.

Many companies enroll in a system where prospective buyers enter their policy data once, and at least one company then gives them pricing. This saves time by eliminating quote requests for every car insurance company. To find out what other companies charge click here (opens in new window).

The only downside to getting quotes like this is you are unable to specify the companies to receive prices from. If you would rather choose specific providers to request quotes from, we have a page of car insurance companies in your area. Click to view list.

You can choose any of those ways to find more affodable coverage, but ensure you are comparing apples-to-apples deductibles and coverage limits for each quote you get. If you compare different deductibles it will be impossible to make a fair comparison for your Lexus IS 350.

Car insurance policy discounts you can’t miss

Companies that sell car insurance don’t list all available discounts very well, so here is a list some of the more common and also the lesser-known car insurance savings. If you aren’t receiving every discount you deserve, you are not getting the best rate possible.

E-sign Discounts – Many insurance companies provide a small discount shop auto insurance on the internet.
Good Students Pay Less – Being a good student can save 20 to 25%. Many companies even apply the discount to college students up until you turn 25.
Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts can qualify for discounts of up to 25% or more.
Auto/Life Discount – Companies who offer life insurance give a discounted premium rate on car insurance if you buy some life insurance in addition to your auto policy.
Distant Student – College-age children who live away from home at college and do not have a car can be insured at a reduced rate.
Professional Organizations – Joining a professional or civic organization may earn a discount on your next car insurance statement.
Student Discount for Driver Training – Have your child complete a driver education course if offered at their school.
Low Miles Discount – Fewer annual miles on your Lexus could be rewarded with lower rates on the low mileage vehicles.
Discounts for Government Workers – Active or retired federal employment may reduce rates when you quote auto insurance for IS 350 coverage depending on your company.
Safe Drivers – Insureds without accidents may receive a discount up to 45% for IS 350 coverage as compared to drivers with claims.

As a sidenote, most credits do not apply to the entire policy premium. Some only apply to individual premiums such as liability and collision coverage. Just because you may think having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

Large car insurance companies and their offered discounts include:

Progressive may include discounts for online quote discount, continuous coverage, multi-vehicle, multi-policy, homeowner, good student, and online signing.
SAFECO offers discounts including anti-lock brakes, homeowner, safe driver, anti-theft, and teen safety rewards.
American Family policyholders can earn discounts including mySafetyValet, Steer into Savings, bundled insurance, accident-free, and defensive driver.
MetLife may offer discounts for defensive driver, good student, accident-free, claim-free, good driver, multi-policy
GEICO offers discounts for seat belt use, air bags, five-year accident-free, anti-theft, and daytime running lights.
The Hartford includes discounts for defensive driver, anti-theft, good student, vehicle fuel type, driver training, and air bag.

When quoting, ask every insurance company how you can save money. A few discounts may not apply to policyholders in your area.

Insurance agents can help

When it comes to choosing the right insurance coverage, there is no “best” method to buy coverage. Every insured’s situation is different.

For instance, these questions could help you determine whether you might need an agent’s assistance.

Do I need replacement cost coverage?
What can I do if my company won’t pay a claim?
Am I covered if I hit a deer?
Why am I be forced to buy a membership to get insurance from some companies?
Am I covered when pulling a rental trailer?
What companies insure drivers after a DUI or DWI?
Is pleasure use cheaper than using my 2011 Lexus IS 350 to commute?
Can my babysitter drive my car?
Does my car insurance cover rental cars?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form. It’s fast, free and can help protect your family.

Parts of your car insurance policy

Knowing the specifics of car insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Car insurance terms can be difficult to understand and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses like funeral costs, doctor visits and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Coverage for collisions

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like crashing into a ditch, driving through your garage door, hitting a parking meter, sustaining damage from a pot hole and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Comprehensive insurance

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

Comprehensive can pay for claims like a broken windshield, hail damage and rock chips in glass. The most your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Lexus IS 350.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.

Liability insurance

This will cover damage that occurs to other people or property that is your fault. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers claims like bail bonds, structural damage, repair costs for stationary objects, repair bills for other people’s vehicles and legal defense fees. How much liability should you purchase? That is up to you, but buy as much as you can afford.