2009 Lexus IS 350 Insurance Rates – 8 Discounts for Cheapest Quotes

Trying to find lower insurance rates for your Lexus IS 350? Perplexed by the wide range of insurance options? Many other drivers are as well. You have so many choices that it can quickly become a challenge to find the best price.

If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using these tips. Finding affordable insurance coverage is not that difficult. But consumers do need to learn how insurance companies sell insurance online and use this information to your advantage.

The most recommended method to compare car insurance rates is to understand most of the bigger providers provide online access to give rate comparisons. All consumers are required to do is spend a couple of minutes providing details including if you lease or own, whether the vehicles are used for commuting, your education level, and level of coverage desired. Your insurance information is automatically sent to multiple top-rated companies and you get price estimates instantly to find the best rate.

Is there truth in advertising?

Auto insurance companies such as Progressive, Geico, Allstate and State Farm regularly use ads in print and on television. They all seem to have a common claim about savings if you move your coverage to them. But how can every company make almost identical claims? This is how they do it.

Different companies are able to cherry pick for the driver that makes them money. A good example of a profitable customer could be over the age of 50, insures multiple vehicles, and has a short commute. A customer who matches those parameters will qualify for the lowest rates and as a result will probably cut their rates substantially.

Potential customers who do not match the requirements will be charged higher prices and ends up with the driver buying from a lower-cost company. The ad wording is “drivers who switch” but not “drivers who get quotes” save that kind of money. This is how insurance companies can confidently claim big savings. That is why it’s extremely important to compare as many rates as you can. It’s not possible to predict the company that will provide you with the cheapest Lexus IS 350 insurance rates.

How to reduce Lexus IS 350 insurance rates

Auto insurance companies don’t always list every available discount in a way that’s easy to find, so here is a list both the well known and also the lesser-known savings tricks you should be using.

  • Student in College – Kids in college who live away from home and don’t have a car may be able to be covered for less.
  • Paperless Signup – A few companies give back up to $50 simply for signing online.
  • New Vehicle Savings – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Good Student Discount – This discount can earn a discount of 20% or more. This discount can apply up until you turn 25.
  • Homeowners Savings – Owning a house may earn you a small savings because maintaining a house is proof that your finances are in order.
  • One Accident Forgiven – A handful of insurance companies permit an accident before your rates go up so long as you haven’t had any claims for a particular time prior to the accident.
  • Life Insurance – Larger companies have lower rates if you buy auto and life insurance together.
  • Auto/Home Discount – If you insure your home and vehicles with the same company you may save at least 10% off all policies.

Keep in mind that most of the big mark downs will not be given to the entire policy premium. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears all the discounts add up to a free policy, insurance coverage companies aren’t that generous.

Insurance companies that may offer these money-saving discounts are:

Double check with all companies you are considering which discounts they offer. Discounts may not apply in your state.

Tailor your coverage to you

When choosing the right insurance coverage for your personal vehicles, there is no cookie cutter policy. Each situation is unique.

For example, these questions can aid in determining if you may require specific advice.

  • Can I afford low physical damage deductibles?
  • Do I have coverage when making deliveries for my home business?
  • Can I afford to buy a different vehicle if my 2009 Lexus IS 350 is totaled?
  • Will my insurance pay for OEM parts?
  • Does my car insurance cover rental cars?
  • Do I get a pro-rated refund if I cancel my policy early?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Specific coverage details

Having a good grasp of your auto insurance policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Collision coverages – This coverage covers damage to your IS 350 resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like crashing into a ditch, colliding with a tree, scraping a guard rail and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverages – This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as falling objects, hitting a bird, a tree branch falling on your vehicle and fire damage. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for liability – Liability insurance protects you from damage that occurs to other’s property or people that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability insurance covers things like funeral expenses, court costs, bail bonds, repair costs for stationary objects and medical expenses. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

Uninsured and underinsured coverage – This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus IS 350.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for expenses for dental work, nursing services, funeral costs and doctor visits. They can be used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Shop smart and save

Insureds change insurance companies for a number of reasons such as lack of trust in their agent, questionable increases in premium, poor customer service or policy non-renewal. Whatever your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

In this article, we presented many ways to shop for 2009 Lexus IS 350 insurance online. It’s most important to understand that the more you quote, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest premiums are with a lesser-known regional company.

As you shop your coverage around, make sure you don’t reduce needed coverages to save money. There are too many instances where someone dropped uninsured motorist or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.

Additional insurance information can be read below: