Save on 2005 Lexus IS 300 Insurance Quotes

Searching for lower auto insurance rates for your Lexus IS 300? Feel like you’re a prisoner to high-priced auto insurance? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their auto insurance policy. Big-name insurance companies like Allstate, Progressive and Geico constantly blast consumers with ads and it is difficult to ignore the flashy ads and do the work needed to find the best deal.

It’s a great practice to compare prices every six months because prices are rarely the same from one policy term to another. If you had the best deal for IS 300 insurance last year you will most likely find a better rate today. So forget all the misinformation about auto insurance because I’m going to teach you the quickest way to reduce your cost while increasing coverage.

The quickest way to get policy rate comparisons utilizes the fact almost all companies pay for the opportunity to compare their rates. All consumers are required to do is provide details such as if you went to college, if your license is active, if you require a SR-22, and your job. That rating data is instantly sent to insurance companies and they provide comparison quotes immediately.

Tailor your coverage to you

When it comes to choosing the best car insurance coverage for your vehicles, there really is no “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. These are some specific questions may help you determine whether or not you might need an agent’s assistance.

  • Should I rate my 2005 Lexus IS 300 as pleasure use or commute?
  • Is my teen driver covered when they drive my company car?
  • What can I do if my company denied a claim?
  • How can I get my company to pay me more for my totalled car?
  • Am I covered when driving someone else’s vehicle?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What is PIP insurance?
  • Do I have coverage if my license is suspended?
  • Do I need replacement cost coverage on my 2005 Lexus IS 300?
  • When does my teenage driver need to be added to my policy?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Specific coverages for a 2005 Lexus IS 300

Having a good grasp of your policy can help you determine appropriate coverage and proper limits and deductibles. Auto insurance terms can be ambiguous and nobody wants to actually read their policy. These are typical coverage types found on the average auto insurance policy.

Comprehensive auto coverage

This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like hitting a bird, falling objects and theft. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for collisions

This covers damage to your IS 300 caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims like driving through your garage door, hitting a parking meter, crashing into a ditch and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Coverage for liability

This will cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like court costs, medical expenses, structural damage, legal defense fees and bail bonds. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as nursing services, X-ray expenses and prosthetic devices. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Lexus IS 300.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these coverages are set the same as your liablity limits.