2014 Lexus IS 350 Insurance Quotes – 10 Discounts for Cheaper Rates

Want lower insurance rates for your Lexus IS 350? When searching for more affordable insurance, are you intimidated by the dozens of insurance providers that you can choose from? drivers have so many providers to choose from that it can quickly become more work than you anticipated to find the lowest price.

Take these ten policy discounts and save

Car insurance companies don’t always advertise every policy discount very clearly, so here is a list both well-publicized as well as some of the hidden discounts you could be receiving when you buy insurance coverage online.

  • Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
  • Discount for Good Grades – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
  • Senior Citizen Rates – Drivers that qualify as senior citizens may receive a slight reduction on a insurance coverage quote for IS 350 insurance.
  • Defensive Driving Course – Successfully completing a driver safety course could cut 5% off your bill depending on where you live.
  • Homeowners Savings – Owning a house can get you a discount since home ownership is proof that your finances are in order.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education if offered at their school.
  • Data Collection Discounts – Policyholders that allow driving data collection to spy on driving patterns by using a telematic data system such as Progressive’s Snapshot might see lower rates if their driving habits are good.
  • Drive Safe and Save – Drivers who avoid accidents may receive a discount up to 45% for IS 350 insurance than less cautious drivers.
  • Life Insurance – Select auto insurance companies reward you with a break if you buy some life insurance in addition to your auto policy.
  • Multiple Vehicles – Buying insurance for all your vehicles on the same auto insurance policy can reduce the rates for all insured vehicles.

Discounts save money, but please remember that most discounts do not apply to the entire cost. Most only apply to specific coverage prices like liability and collision coverage. So despite the fact that it appears all those discounts means the company will pay you, it just doesn’t work that way. Any qualifying discounts should help reduce the amount you pay for coverage.

Popular auto insurance companies and a partial list of their discounts are outlined below.

  • Progressive offers discounts including continuous coverage, multi-policy, online quote discount, homeowner, online signing, and good student.
  • The Hartford has discounts for driver training, defensive driver, bundle, anti-theft, air bag, good student, and vehicle fuel type.
  • Mercury Insurance may have discounts that include accident-free, type of vehicle, good driver, location of vehicle, multi-policy, multi-car, and anti-theft.
  • GEICO includes discounts for membership and employees, defensive driver, federal employee, driver training, and emergency military deployment.
  • AAA has savings for AAA membership discount, education and occupation, multi-policy, good driver, and pay-in-full.
  • State Farm discounts include driver’s education, student away at school, multiple policy, passive restraint, Steer Clear safe driver discount, multiple autos, and accident-free.

When quoting, ask all the companies to apply every possible discount. Some of the discounts discussed earlier might not be available to policyholders everywhere. If you would like to see a list of insurance companies who offer cheap auto insurance quotes, click here.

How to shop insurance coverage online

When comparison shopping, there are several ways to compare rate quotes from different insurance companies. The simplest method to do a complete rate comparison involves getting comparison quotes online. This can be done in a couple of different ways.

  1. The best way to find the lowest comparison rates is a comparison rater form click here to open form in new window. This style of form keeps you from doing repetitive form entry for every insurance coverage company. One simple form compares rates direct from many companies. This is perfect if you don’t have a lot of time.
  2. A more time consuming way to shop for insurance coverage online requires a visit to each individual company website and get a separate price quote. For sake of this example, let’s assume you want to get rates from USAA, Safeco and Travelers. In order to get each rate, you would have to go to each individual site and repeatedly enter your information, and that explains why we recommend the first method. For a handy list of car insurance company links in your area, click here.
  3. Even if you have time, the least recommended way to get comparison rates is driving around to all the different insurance agencies. Quoting online makes this unnecessary unless you require the extra assistance of a licensed agent. Although, it is possible comparison shop online but buy the policy through an agent.

Compare rates however you want, just double check that you are using identical coverage information for every quote you compare. If your comparisons have different liability limits it will be impossible to get a fair rate comparison. Just slight variations in insurance coverages or limits could skew the results. Keep in mind that getting more free quotes will enable you to find the best rates. Some companies don’t provide quotes online, so you need to compare quotes from the smaller companies as well.

Which policy gives me the best coverage?

When buying coverage, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s.

For instance, these questions might point out whether or not you would benefit from an agent’s advice.

  • Does liability extend to a camper or trailer?
  • Can I afford to buy a different vehicle if my 2014 Lexus IS 350 is totaled?
  • What are the financial responsibility laws in my state?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Does my insurance cover my expensive audio equipment?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • How much can I save by bundling my policies?
  • What is roadside assistance coverage?
  • Where can I get insurance after a DUI in my state?

If you can’t answer these questions, you might consider talking to an agent. To find an agent in your area, simply complete this short form.

What insurance coverages do you need?

Having a good grasp of a insurance policy can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Lexus IS 350.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto liability – Liability insurance can cover damages or injuries you inflict on other’s property or people by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage pays for things like funeral expenses, attorney fees, court costs and pain and suffering. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

Collision coverages – This coverage pays for damage to your IS 350 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as backing into a parked car, sideswiping another vehicle, hitting a parking meter, damaging your car on a curb and crashing into a ditch. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Coverage for medical expenses – Coverage for medical payments and/or PIP provide coverage for bills like funeral costs, dental work, chiropractic care and pain medications. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Comprehensive insurance – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like a broken windshield, rock chips in glass and damage from getting keyed. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Get your money’s worth

Cheaper car insurance is possible both online as well as from insurance agents, and you need to price shop both in order to have the best chance of saving money. Some car insurance companies do not provide the ability to get quotes online and many times these regional insurance providers sell through independent agencies.

You just read some good ideas how you can compare 2014 Lexus IS 350 insurance rates online. It’s most important to understand that the more companies you get auto insurance rates for, the better chance you’ll have of finding affordable insurance coverage. Consumers could even find that the biggest savings come from an unexpected company.

As you quote insurance coverage, never skimp on coverage in order to save money. There are too many instances where an insured cut comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. Your goal should be to buy enough coverage at the best cost, but do not sacrifice coverage to save money.

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