Lower Your 2014 Lexus IS 250 Car Insurance Cost

Looking for cheaper car insurance rates? Shoppers have lots of choices when shopping for the best price on Lexus IS 250 insurance. You can either spend your time calling around to get rate comparisons or save time using the internet to find the lowest rates.

There is a right way and a wrong way to find car insurance online and we’ll show you the proper way to quote coverages for your Lexus and locate the lowest possible price.

Consumers need to compare prices once or twice a year due to the fact that insurance rates are rarely the same from one policy term to another. Despite the fact that you may have had the best deal for IS 250 insurance a few years ago there is a good chance you can find better rates now. There is too much inaccurate information about car insurance online, so by reading this article, you’re going to learn the easiest ways to put money back in your pocket.

These discounts can slash auto insurance rates

The cost of insuring your cars can be expensive, but companies offer discounts to help offset the cost. Some discounts apply automatically when you get a quote, but a few must be asked for before being credited. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.

  • Use Seat Belts – Buckling up and requiring all passengers to use a seat belt can save up to 15% off your medical payments premium.
  • Defensive Driving Course – Taking part in a defensive driving course could cut 5% off your bill if you qualify.
  • No Accidents – Good drivers with no accidents pay much less compared to frequent claim filers.
  • Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
  • Homeowners Pay Less – Owning a house can save you money because owning a home is proof that your finances are in order.
  • Low Mileage Discounts – Driving fewer miles can earn a substantially lower rate.
  • Air Bag Discount – Cars that have air bags or motorized seat belts can get savings of up to 25% or more.
  • Life Insurance Discount – Select insurance companies reward you with a break if you buy a life insurance policy as well.
  • Safe Driver Discount – Safe drivers can pay as much as 50% less for IS 250 insurance than drivers with accident claims.
  • Theft Prevention System – Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.

It’s important to understand that many deductions do not apply to the overall cost of the policy. Most only reduce individual premiums such as comp or med pay. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky. Any amount of discount will reduce the amount you have to pay.

For a list of insurance companies with discount auto insurance rates, click here.

Quick Auto Insurance Quotes

There are a lot of ways to compare auto insurance prices but some are less time-consuming than others. You could spend the better part of a day discussing policy coverages with insurance agencies in your area, or you could save time and use the internet to get rate comparisons in just a few minutes.

Most of the larger companies belong to a marketplace where insurance shoppers submit their information once, and at least one company can provide price quotes. This system prevents you from having to do form submissions for each company. To compare pricing click here to start a free quote.

One minor caviat to comparing rates this way is you don’t know exactly which carriers you will receive quotes from. So if you prefer to pick from a list of companies for rate comparison, we have a listing of low cost auto insurance companies in your area. Click to view list.

It’s up to you which method you use, but make sure you use the exact same coverages on every quote you get. If each company quotes differing limits then you won’t be able to decipher which rate is best.

Factors that can influence insurance rates for a Lexus IS 250

It’s important that you understand the factors that play a part in calculating the price you pay for car insurance. Understanding what impacts premium levels helps enable you to make changes that will entitle you to better car insurance rates.

Shown below are some of the factors that factor into prices.

  • Protect yourself with liability coverage – The liability section of your policy provides coverage when you are found to be at fault for personal injury or accident damage. It provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Mature drivers pay less – Mature drivers tend to be more responsible, tend to file fewer claims and tend to be better behind the wheel. Youthful drivers tend to be careless and easily distracted in a vehicle and because of this, their car insurance rates are much higher.
  • Your stress level may be raising your rates – Jobs such as real estate brokers, business owners and stock brokers tend to pay the highest rates attributed to high stress and lots of time spent at work. On the other hand, jobs such as actors, students and retirees have the lowest average rates for IS 250 insurance.
  • Rate your vehicle for proper use – Driving more miles in a year the more you’ll pay to insure your vehicle. The majority of insurers charge to insure your cars based upon how you use the vehicle. Vehicles that are left in the garage can get a lower rate than those used for commuting. Verify your car insurance coverage shows the proper vehicle usage, because it can save money. Incorrect usage on your IS 250 can result in significantly higher rates.

When might I need the advice of an agent?

When buying coverage, there really is not a one size fits all plan. Everyone’s situation is unique.

Here are some questions about coverages that could help you determine whether or not you might need professional guidance.

  • Which is better, split liability limits or combined limits?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Can my babysitter drive my car?
  • Is my camper covered by my car insurance policy?
  • Can I afford low physical damage deductibles?
  • Do all my vehicles need collision coverage?
  • Can I get a multi-policy discount?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I have coverage when making deliveries for my home business?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form. It is quick, free and you can get the answers you need.

Switch companies and save? Really?

Consumers can’t ignore all the ads that promise big savings by Progressive, Allstate and Geico. All the companies have a common claim about savings after switching to their company.

How do they all make the same claim? This is how they do it.

All companies have a preferred profile for the right customer they prefer to insure. A good example of a driver they prefer might be between 25 and 40, has no driving citations, and drives less than 7,500 miles a year. A propective insured who fits that profile is entitled to the best price and therefore will save when they switch companies.

Consumers who are not a match for the “perfect” profile will be quoted higher rates and this can result in the driver buying from a lower-cost company. The ads state “customers that switch” not “everyone that quotes” save that kind of money. That is how companies can truthfully make those claims.

This emphasizes why drivers should compare as many rates as you can. It’s just too difficult to predict the company that will give you the biggest savings on Lexus IS 250 insurance.

Car insurance coverages for a 2014 Lexus IS 250

Understanding the coverages of insurance helps when choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Liability coverage

Liability coverage provides protection from injuries or damage you cause to people or other property in an accident. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as emergency aid, loss of income, medical expenses and court costs. How much liability should you purchase? That is your choice, but consider buying 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 and also any damage incurred to your Lexus IS 250.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.

Comprehensive protection

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as fire damage, vandalism, hitting a deer and hail damage. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like hospital visits, ambulance fees and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision insurance

Collision coverage pays for damage to your IS 250 caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as colliding with another moving vehicle, scraping a guard rail, driving through your garage door and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Don’t throw your cash in the trash

We just presented some good ideas how to compare 2014 Lexus IS 250 insurance prices online. The most important thing to understand is the more quotes you get, the better your chances of lowering your rates. Consumers may even find the lowest rates come from some of the lesser-known companies.

Low-cost insurance can be sourced online in addition to many insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance companies do not provide you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

As you prepare to switch companies, it’s very important that you do not skimp on coverage in order to save money. There have been many cases where an insured cut physical damage coverage only to find out that the few dollars in savings costed them thousands. The aim is to buy a smart amount of coverage at an affordable rate while still protecting your assets.

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