2015 Lexus IS 250 C Car Insurance Rates – 5 Ways to Save

Locating better insurance prices for a Lexus IS 250 C can turn out to be a lot of work, but you can follow these tips to find lower rates.

There is a right way and a wrong way to find insurance coverage online so you’re going to learn the quickest way to get price quotes for a Lexus and obtain the cheapest rates.

Verify you’re getting all your discounts

Car insurance can cost a lot, but you may find discounts that you may not know about. Certain discounts will be applied when you quote, but lesser-known reductions have to be asked for prior to getting the savings. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.

  • Driver Safety – Taking part in a defensive driving course can save you 5% or more if you qualify.
  • Paperwork-free – A few companies will give a small break just for signing your application online.
  • Senior Citizens – If you qualify as a senior citizen, you may receive a discount up to 10% on IS 250 C insurance.
  • No Charge for an Accident – A handful of insurance companies allow you one accident before hitting you with a surcharge if your claims history is clear for a certain period of time.
  • New Car Discount – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.

As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So when the math indicates having all the discounts means you get insurance for free, car insurance companies aren’t that generous. Any qualifying discounts will bring down your overall premium however.

Car insurance companies that possibly offer these discounts include:

It’s a good idea to ask every prospective company how you can save money. Some discounts might not be offered in your area.

When should I talk to an agent?

When choosing adequate coverage for your personal vehicles, there really is no single plan that fits everyone. Each situation is unique.

For example, these questions may help you determine if you would benefit from professional advice.

  • Are my friends covered when driving my car?
  • Should I rate my 2015 Lexus IS 250 C as pleasure use or commute?
  • What if I don’t agree with a claim settlement offer?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Will my insurance pay for OEM parts?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Should I waive the damage coverage when renting a car?
  • Do I need higher collision deductibles?
  • When can my company non-renew my policy?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Insurance coverage basics

Learning about specific coverages of a insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Lexus IS 250 C.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally the UM/UIM limits are set the same as your liablity limits.

Comprehensive coverages – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as a broken windshield, damage from flooding and a tree branch falling on your vehicle. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for medical payments – Coverage for medical payments and/or PIP kick in for expenses such as surgery, doctor visits, X-ray expenses and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Liability – This coverage will cover damages or injuries you inflict on other’s property or people by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values 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 $50,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as medical expenses, bail bonds and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Collision coverage – This will pay to fix damage to your IS 250 C resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like scraping a guard rail, crashing into a ditch, crashing into a building, colliding with a tree and sideswiping another vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also increase the deductible to bring the cost down.

Final thoughts

As you go through the steps to switch your coverage, don’t be tempted to sacrifice coverage to reduce premiums. There are many occasions where someone dropped liability limits or collision coverage only to discover later that they should have had better coverage. Your focus should be to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

In this article, we presented a lot of techniques to save on 2015 Lexus IS 250 C insurance. The key concept to understand is the more price quotes you have, the better your chances of lowering your rates. You may even discover the most savings is with some of the smallest insurance companies.

Affordable insurance can be bought on the web as well as from independent agents, and you should be comparing both in order to have the best chance of saving money. Some car insurance companies don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

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