Are you tired of robbing Peter to pay Paul to buy car insurance? You are in the same boat as most other car owners.
Numerous insurance companies battle for your insurance dollar, and it can be difficult to compare rates to discover the definitive lowest cost out there.
If you are paying for car insurance now, you should be able to cut costs considerably using this strategy. Buying car insurance is not that difficult. But car owners must learn the way companies price online insurance and apply this information to your search.
There are several ways to shop for Lexus IS 250 car insurance, but one way is less time-consuming than others. You can spend countless hours discussing policy coverages with insurance companies in your area, or you could save time and use online quoting to accomplish the same thing much quicker.
All the larger companies are enrolled in a marketplace that enables customers to enter their coverage request one time, and each participating company returns a competitive quote based on that data. This prevents consumers from doing quotation requests to each company.
To submit your quote information now, click here to open in new window.
The only downside to using this type of form is that consumers can’t choose the companies to receive prices from. If you wish to select from a list of companies for rate comparison, we put together a list of the cheapest car insurance companies in your area. View list of insurance companies.
Whichever method you choose, be sure to compare exactly the same coverage limits on every quote. If you use differing limits you can’t possibly make a fair comparison for your Lexus IS 250. Quoting even small variations in coverages may cause a big price difference. And when comparison shopping, comparing a large number of companies gives you a better chance of getting the best rates.
When it comes to choosing proper insurance coverage, there really is not a “best” method to buy coverage. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that may help highlight whether or not you might need an agent’s assistance.
If you can’t answer these questions, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of your insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most insurance policies.
Auto liability insurance – This will cover injuries or damage you cause to other’s property or people. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability insurance covers claims such as medical expenses, bail bonds, pain and suffering and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.
Medical expense insurance – Medical payments and Personal Injury Protection insurance pay for bills for things like chiropractic care, X-ray expenses, nursing services, prosthetic devices and funeral costs. They are 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 and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as backing into a parked car, crashing into a ditch, colliding with another moving vehicle, sideswiping another vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Protection from uninsured/underinsured drivers – This provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
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 very important. Frequently these limits are identical to your policy’s liability coverage.
Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as hitting a deer, rock chips in glass and hitting a bird. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.