Cheaper 2014 Lexus IS F Insurance Cost

Searching for cheaper auto insurance rates for your Lexus IS F? There isn’t anyone who is fond of buying auto insurance, especially when they are paying too much.

There are many insurance companies to choose from, and although it’s nice to have a selection, it can be more difficult to adequately compare rates.

Get lower rates by applying discounts

Some insurers don’t list every discount they offer very well, so we break down a few of the more well known and the more hidden credits that may apply to you.

  • Theft Deterent – Cars and trucks that have factory anti-theft systems are stolen with less frequency and that can save you a little bit as well.
  • Drivers Ed for Students – Cut your cost by having your teen driver participate in a local driver’s education class if offered at their school.
  • Good Student Discount – Getting good grades may save you up to 25%. Many companies even apply the discount to college students well after school through age 25.
  • Auto/Home Discount – If you insure your home and vehicles with one company you could get a discount of 10% to 20% off each policy.
  • Include Life Insurance and Save – Not all insurance companies offer life insurance, but some may give you a discount if you purchase life insurance from them.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. The majority will only reduce individual premiums such as medical payments or collision. So when it seems like adding up those discounts means a free policy, companies wouldn’t make money that way. Any qualifying discounts will positively reduce your premiums.

A list of insurance companies and the discounts they provide are:

  • State Farm includes discounts for good driver, driver’s education, passive restraint, accident-free, multiple autos, and multiple policy.
  • American Family policyholders can earn discounts including TimeAway discount, good student, good driver, defensive driver, mySafetyValet, early bird, and air bags.
  • AAA has savings for multi-car, good driver, multi-policy, pay-in-full, education and occupation, AAA membership discount, and good student.
  • GEICO may offer discounts for membership and employees, five-year accident-free, seat belt use, defensive driver, and multi-vehicle.
  • Mercury Insurance may include discounts for multi-car, accident-free, type of vehicle, age of vehicle, annual mileage, good student, and ease of repair.
  • Farmers Insurance discounts include teen driver, bundle discounts, business and professional, electronic funds transfer, multi-car, good student, and homeowner.
  • Progressive offers discounts including online signing, online quote discount, multi-vehicle, continuous coverage, multi-policy, and homeowner.

If you want cheaper car insurance quotes, ask each company or agent how many discounts you can get. Savings might not be offered on policies in your area.

Your insurance coverage coverage should be tailored to you

When it comes to buying the best insurance coverage coverage, there really is not a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if your situation may require specific advice.

  • How can I get high-risk coverage after a DUI?
  • Does car insurance cover theft of personal property?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Does my 2014 Lexus IS F qualify for pleasure use?
  • Does my personal policy cover me when driving out-of-state?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Information about specific coverages

Knowing the specifics of your policy can help you determine appropriate coverage for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages available from car insurance companies.

Coverage for collisions

This coverage pays for damage to your IS F caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as colliding with another moving vehicle, crashing into a building, backing into a parked car, crashing into a ditch and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Coverage for liability

This protects you from damage or injury you incur to other people or property. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Occasionally you may see a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against claims like bail bonds, funeral expenses, structural damage and emergency aid. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Lexus IS F.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for expenses for things like ambulance fees, rehabilitation expenses and EMT expenses. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

This coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like falling objects, hail damage, a tree branch falling on your vehicle, fire damage and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Online plus local equals savings

As you quote car insurance, it’s not a good idea to reduce coverage to reduce premium. In too many instances, an insured cut liability coverage limits only to find out they didn’t purchase enough coverage. Your objective should be to buy the best coverage you can find at the lowest possible cost but still have enough coverage for asset protection.

In this article, we covered many ideas to get a better price on 2014 Lexus IS F insurance. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding cheaper car insurance. Drivers may discover the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Progressive or GEICO.

Additional detailed information can be found in the articles below: