Compare 2009 Lexus IS 250 Car Insurance Rates

Are you overwhelmed by the wide range of insurance coverage choices? Many other consumers are too. There are so many companies to choose from that it can quickly become a challenge to find better rates.

Shopping for cheaper auto insurance coverage is simple if you know the tricks. In a nutshell, every driver who has to buy auto insurance will most likely be able to cut their insurance bill. But consumers should learn the methods companies use to market on the web.

Discounts on Lexus IS 250 insurance

Car insurance is not cheap, but discounts can save money and there are some available that you may not know about. Some trigger automatically at the time you complete a quote, but a few must be specially asked for in order for you to get them.

  • Driver Safety – Taking part in a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.
  • Military Rewards – Being on active duty in the military could be rewarded with lower premiums.
  • Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems can get savings up to 30%.
  • 55 and Retired – Older drivers can possibly qualify for a discount up to 10% for IS 250 insurance.
  • Accident Forgiveness – Certain companies allow you one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
  • Paperwork-free – A few companies will give a small break for buying your policy over the internet.
  • Early Switch Discount – Some insurance companies reward drivers for switching policies before your current policy expires. It’s a savings of about 10%.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles can avoid accidents and qualify for as much as a 10% discount.

Consumers should know that many deductions do not apply to the entire cost. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount will bring down your premiums.

Insurance companies who might offer some of the above discounts may include but are not limited to:

Double check with all companies you are considering what discounts are available to you. Some discounts may not be available in your state.

Why your Lexus IS 250 might be costing you more

Smart consumers have a good feel for some of the elements that come into play when calculating insurance coverage rates. Having a good understanding of what influences your rates enables informed choices that could result in better insurance coverage rates.

  • More people means more accidents – Choosing to live in a small town has it’s advantages when it comes to insurance coverage. Urban drivers regularly have congested traffic and longer commutes to work. Fewer people means a lower chance of having an accident and a lower car theft rate.
  • Do you need those extra coverages? – There are a lot of additional coverages that can waste your money on your IS 250 policy. Coverages like vanishing deductibles, accident forgiveness and membership fees may be costing you every month. These may sound like a good investment initially, but your needs may have changed so get rid of them and save.
  • Tickets mean higher rates – Your driving citation history has a lot to do with how much you pay for insurance. Just one speeding ticket can boost insurance rates twenty percent or more. Careful drivers have lower premiums than people who have multiple driving citations. Drivers who have severe citations such as reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to drive a vehicle legally.
  • Males pay more for insurance – Statistics demonstrate that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Men and women cause accidents at a similar rate, but the men have costlier accidents. Men also statistically receive more costly citations like DUI and reckless driving. Teenage male drivers tend to get in the most accidents and therefore are the most expensive to insure.

Tailor your coverage to you

When it comes to choosing proper insurance coverage, there really is no perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that may help highlight if your situation may require specific advice.

  • Can my babysitter drive my car?
  • What is UM/UIM insurance?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • When should I buy a commercial auto policy?
  • Can I make deliveries for my home business?
  • Is my Lexus IS 250 covered if I use it for business?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form.

Can you really save $394 a year?

Companies like 21st Century, Allstate and State Farm consistently run ads on television and other media. All the ads make the same claim of big savings if you change your policy. How do they all make the same claim?

Different companies can use profiling for the type of customer that earns them a profit. A good example of a driver they prefer might be a mature driver, has no driving citations, and has a high credit rating. A customer getting a price quote who meets those qualifications receives the best rates and is almost guaranteed to save a lot of money.

Consumers who don’t meet the requirements must pay higher rates which usually ends up with business not being written. The ad wording is “drivers who switch” not “everyone that quotes” save that much. That is how insurance companies can make the claims of big savings.

This illustrates why drivers should compare as many rates as you can. You cannot predict which insurance companies will provide you with the cheapest Lexus IS 250 insurance rates.

Insurance coverage basics

Having a good grasp of insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Coverage for medical payments

Med pay and PIP coverage kick in for expenses for things like X-ray expenses, nursing services, EMT expenses, hospital visits and dental work. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible

Comprehensive coverages

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as a broken windshield, a tree branch falling on your vehicle and damage from flooding. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like colliding with a tree, scraping a guard rail and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability coverage

This provides protection from injuries or damage you cause to a person or their property by causing an accident. It protects you from claims by other people. It does not 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. You commonly see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims such as attorney fees, medical expenses, funeral expenses, medical services and pain and suffering. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.

Shop around and save

Consumers leave their current company for a variety of reasons including extreme rates for teen drivers, high rates after DUI convictions, an unsatisfactory settlement offer and even not issuing a premium refund. Regardless of your reason for switching companies, finding a new insurance company is less work than it seems.

When trying to cut insurance costs, do not buy less coverage just to save a little money. There have been many cases where drivers have reduced full coverage and learned later they didn’t have enough coverage. Your strategy should be to find the BEST coverage for the lowest price while still protecting your assets.

We just covered many ideas to lower your 2009 Lexus IS 250 insurance rates. The key thing to remember is the more companies you get rates for, the more likely it is that you will get a better rate. You may even discover the most savings is with a lesser-known regional company.

Additional insurance information can be read on the following sites: