Lower Your 2014 Lexus IS 250 Insurance Quotes

Trying to find the cheapest insurance for a new or used Lexus IS 250 can be difficult, but you can use the following methods to find lower rates. There is a better way to find insurance coverage online and you need to know the quickest way to price shop coverage on a Lexus and locate the lowest possible price from local insurance agents and online providers.

Which car insurance is cheapest?

Performing a rate comparison is a ton of work if you aren’t aware of the fastest way to get free quotes. You could waste a few hours discussing policy coverages with insurance companies in your area, or you could save time and use the web to maximize your effort.

All the larger companies participate in an industry program that allows shoppers to complete one form, and every company provides a quote. This eliminates the need for quote forms to every company. To enter your information into the quoting system, click to open in new window.

The one downside to getting quotes like this is that consumers can’t choose which companies to get quotes from. If you wish to select from a list of companies to compare, we have assembled a list of companies who write car insurance in your area. View list of insurance companies.

The approach you take is up to you, just double check that you are using apples-to-apples coverage limits and deductibles for every quote you compare. If you compare different coverage information it will be next to impossible to decipher which rate is best.

Can you really save that much by switching?

Consumers can’t escape the ads that promise big savings for switching from the likes of State Farm, Allstate and GEICO. They all make the same claim that drivers can save some big amount just by switching your auto insurance coverage to their company.

It sounds good, but how can they all charge less that you’re paying now?

All companies give the best rates for the type of customer that is profitable for them. An example of a desirable insured might be described as between the ages of 30 and 50, has never had a claim, and has excellent credit. Any person that fits those parameters will get very good premium rates and most likely will save a lot if they switch.

Potential customers who do not fit these stringent criteria must pay a higher premium and business not being written. The wording the ads use say “drivers that switch” not “everybody who quotes” save that much money. That’s the way companies can truthfully state the savings. Because each company has a different risk profile, you really need to compare quotes as often as possible. Because you never know which insurance companies will give you lower rates than your current company.

Save money with these tips

Lots of factors are part of the equation when you get a price on insurance. A few of the factors are predictable like your driving record, although some other factors are not quite as obvious like where you live or how safe your car is.Smart consumers have a good feel for the rating factors that aid in calculating your policy premiums. When you understand what influences your rates, this helps enable you to make changes that may reward you with lower rates.

  • Decrease auto insurance rates by maintaining coverage – Allowing your auto insurance policy to lapse is a guaranteed way to increase your auto insurance rates. And not only will insurance be more expensive, not being able to provide proof of insurance might get you a license revocation or jail time. You will then be forced to file a SR-22 with your state DMV.
  • Discounts for multiple policies – Most major insurers give better rates to people who have multiple policies with them in the form of a multi-policy discount. Even with this discount, you may still want to check prices from other companies to verify if the discount is saving money.
  • Male prices may be higher – Over time, data shows that men are more aggressive behind the wheel. It does not mean men are worse drivers. Males and females have accidents in similar percentages, but guys cause more damage and cost insurance companies more money. Not only that, but men also get cited for more serious violations like DUI and reckless driving. Youthful male drivers cause the most accidents and therefore pay the highest rates.
  • Higher premiums for specific jobs – Careers like fire fighters, architects and stock brokers tend to have the highest rates because of intense work-related stress and long work hours. Other jobs like farmers, historians and the unemployed have the lowest average rates on IS 250 insurance.
  • Commute or pleasure use – The higher the mileage driven in a year the higher your rates will be. The majority of insurers charge rates determined by how the vehicle is used. Cars and trucks that are left in the garage can be on a lower rate level than cars that get driven a lot. A policy that improperly rates your IS 250 may be wasting your money. It’s a smart idea to ensure your auto insurance declarations sheet properly reflects the proper vehicle usage.
  • City dwellers may pay more – Having an address in smaller towns and rural areas of the country can save you money when shopping for auto insurance. Urban drivers tend to have much more traffic and longer commutes to work. Lower population means a lower chance of having an accident as well as less vandalism and auto theft.
  • Do you really need roadside assistance? – There are quite a few additional coverages that you can buy on your 2014 IS 250 policy. Coverages like replacement cost coverage, high-cost glass coverage, and Farm Bureau memberships may be wasting your money. These coverages may sound good initially, but if they’re wasting money eliminate the coverages to reduce your premium.

Discount car insurance quotes

Companies don’t always publicize every available discount in a way that’s easy to find, so the below list has a few of the more common as well as some of the hidden discounts that may be available.

  • Homeowners Pay Less – Just owning your own home can save you money because it shows financial diligence.
  • Discounts for Responsible Drivers – Drivers who don’t get into accidents may save up to 50% more on IS 250 insurance as compared to drivers with claims.
  • Drivers Ed for Students – Require your teen driver to take driver’s ed class if offered at their school.
  • Defensive Driving Course – Participating in a course teaching safe driver skills could cut 5% off your bill and easily pay for the cost of the class.
  • Good Student Discount – Performing well in school can get you a discount of up to 25%. The discount lasts until age 25.
  • Membership in Organizations – Having an affiliation with a civic or occupational organization may earn a discount on your next renewal.
  • Safety Restraint Discount – Forcing all vehicle occupants to fasten their seat belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.

It’s important to note that some of the credits will not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like you can get free auto insurance, that’s just not realistic.

Companies and a partial list of their discounts are:

  • State Farm includes discounts for multiple policy, accident-free, good driver, anti-theft, and driver’s education.
  • GEICO offers discounts including military active duty, five-year accident-free, defensive driver, air bags, seat belt use, multi-vehicle, and driver training.
  • SAFECO policyholders can earn discounts including accident prevention training, multi-car, safe driver, teen safety rewards, homeowner, and anti-lock brakes.
  • Farmers Insurance offers premium reductions for distant student, homeowner, multi-car, alternative fuel, and mature driver.
  • AAA discounts include education and occupation, AAA membership discount, pay-in-full, good driver, multi-policy, and anti-theft.
  • USAA has discounts for safe driver, military installation, multi-vehicle, loyalty savings, driver training, defensive driver, and family discount.

When quoting, ask every insurance company which discounts you qualify for. A few discounts may not be offered in every state.

Tailor your insurance coverage to you

When buying the best insurance coverage, there is no “best” method to buy coverage. Everyone’s needs are different.

Here are some questions about coverages that might point out if your insurance needs could use an agent’s help.

  • Do I have coverage when pulling a U-Haul trailer?
  • Do I need motorclub coverage?
  • Are there companies who specialize in insuring high-risk drivers?
  • Am I insured when driving a different vehicle?
  • Am I covered if I wreck a rental car?
  • Can I still get insurance after a DUI?
  • Am I covered if I hit a deer?
  • Do I need replacement cost coverage?
  • Why does it cost so much to insure a teen driver?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, doesn’t cost anything and can help protect your family.

Insurance coverages and their meanings

Learning about specific coverages of insurance helps when choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like damage from getting keyed, hitting a deer, a tree branch falling on your vehicle, fire damage and rock chips in glass. The maximum payout a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical expense insurance

Med pay and PIP coverage pay for expenses like rehabilitation expenses, funeral costs, dental work and X-ray expenses. They are used in conjunction with a health insurance plan or if you do not have health coverage. They cover all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Liability insurance

Liability insurance protects you from damages or injuries you inflict on other’s property or people. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability coverage protects against things such as loss of income, bail bonds and medical expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for collisions

This coverage will pay to fix damage to your IS 250 from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like crashing into a building, backing into a parked car and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible to bring the cost down.

Protection from uninsured/underinsured drivers

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

More comparisons equals lower rates

Consumers switch companies for any number of reasons including extreme rates for teen drivers, policy non-renewal, being labeled a high risk driver or even delays in responding to claim requests. Regardless of your reason for switching companies, switching companies is pretty easy and you might even save some money in the process.

When trying to cut insurance costs, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where drivers have reduced liability limits or collision coverage only to find out that they should have had better coverage. Your focus should be to buy enough coverage at a price you can afford, but don’t skip important coverages to save money.

Cost effective 2014 Lexus IS 250 insurance can be bought both online as well as from insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance companies don’t offer online quoting and these small insurance companies work with local independent agents.

Additional detailed information is located at these sites: