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Lexus IS 300 Insurance Rates

Shopping for auto insurance online is simple to do and there is a good chance you can save money. The critical component is to take the time to get rates from as many companies as possible in order to have the cheapest rate quotes.

Comparing auto insurance rates direct online can be a challenge if you have never used online quotes. Don't let that stop you because it's actually quite easy. Finding lower Lexus IS 300 insurance cost is not rocket science. You just have to spend a little time getting comparison quotes online with multiple companies. This is very easy and can be done by comparing rates here.

Car insurance premiums for your Lexus IS 300 can vary widely subject to many criteria. Some of these factors include:

  • Traffic citations increase rates
  • Credit rating
  • Men typically pay more than women
  • Deductible amount directly impacts your rate
  • Safety rating of your IS 300
  • Your claim history
  • No coverage lapses saves money
  • Whether you own your home

An additional factor that will help determine Lexus IS 300 insurance rates is the year of the vehicle. Newer models have a higher replacement value than older models so the payout to repair can inflate annual premiums. Conversely, more recent Lexus vehicles may have safety features such as adaptive cruise control, blind-spot warning system, autonomous braking, and anti-lock brakes which can lower rates.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle below.

Liability coverage - Lexus IS 300 liability coverage will cover damage that occurs to other's property or people by causing an accident. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. This coverage is usually fairly inexpensive so you should buy higher limits if possible.

Collision coverage - Collision coverage will pay to fix damage to your Lexus resulting from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also raise the deductible to bring the cost down.

Comprehensive coverage - Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage. The maximum payout you'll receive from a claim is the market value of your vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. Due to the fact that many drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP - Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay.

How Much are Lexus IS 300 Insurance Rates?