Cheaper 2009 Lexus IS 350 Insurance Rates

Want cheaper auto insurance rates for your Lexus IS 350? No one in their right mind looks forward to paying for auto insurance, especially knowing the cost is way too high.

Numerous car insurance companies battle for your business, and because of this it can be hard to compare insurers to get the cheapest price

You probably qualify for some discounts

Car insurance is not cheap, but there are discounts available to help offset the cost. Larger premium reductions will be automatically applied at the time of purchase, but some must be specially asked for before being credited.

  • Seat Belts Save – Requiring all passengers to wear their seat belts could cut 10% or more off your PIP or medical payments premium.
  • Auto/Life Discount – Some companies give better rates if you take out auto and life insurance together.
  • Discount for Swiching Early – Select companies give a discount for switching to them before your current expiration date. The savings is around 10%.
  • Resident Student – Youth drivers who live away from home without a vehicle on campus can receive lower rates.
  • Service Members Pay Less – Having a deployed family member can result in better rates.
  • Claim Free – Good drivers with no accidents pay less when compared to drivers who are more careless.

A little note about advertised discounts, some credits don’t apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Even though it may seem like all the discounts add up to a free policy, you won’t be that lucky. But any discount will reduce the cost of coverage.

Companies that may offer these money-saving discounts include:

Check with each company how you can save money. Some discounts may not be available everywhere.

Complexity of Lexus IS 350 insurance rates

Smart consumers have a good feel for the factors that go into determining the rates you pay for auto insurance. Understanding what controls the rates you pay allows you to make educated decisions that could result in big savings.

Listed below are some of the factors companies use to determine premiums.

  • Drive a safer car and pay less – Vehicles with good safety scores get lower rates. The safest vehicles reduce injuries and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If your Lexus IS 350 earned at least four stars on you are probably receiving a discount.
  • Little extras can really add up – There are a ton of extra bells and whistles that you can buy if you aren’t careful. Coverages for rental car reimbursement, towing coverage and term life insurance may be wasting your money. They may seem good when you first buy your policy, but if they’re wasting money eliminate them to save money.
  • Sex matters – Statistics have proven that women are safer drivers than men. However, this does not mean men are worse drivers. They both cause accidents at about the same rate, but men have costlier accidents. Men also receive more costly citations like reckless driving and DUI. Male drivers age 16 to 19 are most likely to cause an accident and therefore have the most expensive auto insurance rates.
  • Multiple policies with one company can save – Some insurance companies will award you with lower prices to policyholders who carry more than one policy such as combining an auto and homeowners policy. This can amount to 10 percent or more. Even if you’re getting this discount it’s still a good idea to shop around to confirm you are receiving the best rates possible. Drivers may still find a better deal by insuring with multiple companies.
  • Lower miles equals lower premium – 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 on their usage. Vehicles used primarily for pleasure use get more affordable rates than those used for commuting. Double check that your auto insurance coverage properly reflects the proper vehicle usage. Incorrect usage on your IS 350 can result in significantly higher rates.
  • Car features impact rates – Driving a car with anti-theft technology or alarm system can help lower your rates. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.

There’s no such thing as the perfect policy

When buying the best car insurance coverage, there isn’t really a perfect coverage plan. Each situation is unique so your insurance should reflect that Here are some questions about coverages that can aid in determining if you could use an agent’s help.

  • Is a blown tire covered by insurance?
  • What is the minimum liability in my state?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Does my 2009 Lexus IS 350 need full coverage?
  • What if I total my 2009 Lexus IS 350 and owe more than it’s worth?
  • When should my teen driver be added to my policy?
  • Should I rate my 2009 Lexus IS 350 as pleasure use or commute?
  • Does insurance cover damages from a DUI accident?

If you can’t answer these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Auto insurance 101

Having a good grasp of your policy aids in choosing the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and reading a policy is terribly boring. These are typical coverage types found on the average insurance policy.

Coverage for liability – Liability insurance protects you from damages or injuries you inflict on a person or their property in an accident. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as structural damage, repair costs for stationary objects, emergency aid, bail bonds and attorney fees. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Uninsured and underinsured coverage – Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your 2009 Lexus IS 350.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these coverages are set the same as your liablity limits.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like surgery, prosthetic devices, pain medications, EMT expenses and chiropractic care. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover you and your occupants in addition to being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages – Comprehensive insurance pays for damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as theft, damage from getting keyed, a broken windshield and fire damage. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage – Collision coverage covers damage to your IS 350 from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like damaging your car on a curb, colliding with a tree, crashing into a ditch, hitting a mailbox and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

Buy Smart and Save

Discount 2009 Lexus IS 350 insurance can be purchased both online as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. A few companies don’t offer online quoting and usually these small, regional companies provide coverage only through local independent agents.

As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where drivers have reduced collision coverage only to regret at claim time that the small savings ended up costing them much more. Your focus should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.

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