Lower Your 2011 Lexus IS 250 Car Insurance Cost

Are you a victim of an overpriced insurance coverage policy? Trust us when we tell you there are lots of people in the same boat. Big-name insurance companies like GEICO and Progressive continually hit you with ads and it is difficult to avoid their marketing magic and effectively compare rates to find the best deal.

Why your Lexus IS 250 insurance rates may be high

Smart consumers have a good feel for the different types of things that play a part in calculating auto insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that will entitle you to lower auto insurance prices.

Having a spouse can save you money – Having a spouse can actually save you money on your auto insurance policy. Having a spouse usually means you are more responsible and statistics show being married results in fewer claims.
Rates may be lower depending on your job – Did you know your occupation can influence how much you pay for auto insurance? Occupations such as judges, business owners and stock brokers tend to pay the highest rates due to job stress and long work hours. On the other hand, occupations like farmers, students and homemakers have the lowest average rates on IS 250 coverage.
Rate your vehicle for proper use – The more miles you rack up on your Lexus every year the more you will pay for auto insurance. The majority of insurers rate vehicles determined by how the vehicle is used. Cars used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Improper usage on your IS 250 may be costing you. Double check that your auto insurance policy is rated on how each vehicle is driven.
Protect your assets with liability insurance – The liability section of your policy will protect you when a court rules you are at fault for personal injury or accident damage. Liability insurance provides for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should carry high limits.
Older drivers save more – Youthful drivers are statistically proven to be less responsible when driving so they pay higher auto insurance rates. If you’ve ever had to add a teen driver onto a policy can really hurt. More mature drivers tend to be more responsible, tend to cause fewer accidents and get fewer tickets.
Choose a safe vehicle and save – Cars with high safety ratings are cheaper to insure. These vehicles result in less severe injuries and fewer injuries means less money paid by your insurance company and thus lower rates. If your Lexus IS 250 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
Never allow your policy to lapse – Driving without insurance is illegal and auto insurance companies will penalize you for letting your insurance lapse. Not only will you pay more, but being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state DMV.

Save money by taking advantage of these discounts

Auto insurance companies don’t always publicize all their discounts very clearly, so the following is a list of some of the best known and the more hidden insurance coverage savings. If you’re not getting every credit available, you are paying more than you should be.

Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes prevent accidents and therefore earn up to a 10% discount.
Seat Belts Save – Buckling up and requiring all passengers to use their safety belts can save up to 15% off your PIP or medical payments premium.
Clubs and Organizations – Being a member of a civic or occupational organization could qualify you for a break when shopping for insurance coverage on IS 250 coverage.
Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less on IS 250 coverage than drivers with accident claims.
Discount for New Cars – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
Claim Free – Good drivers with no accidents pay much less as compared to frequent claim filers.
E-sign – A handful of insurance companies will discount your bill up to fifty bucks just for signing your application over the internet.
Low Mileage Discounts – Keeping the miles down on your Lexus can qualify you for discounted rates on garaged vehicles.
Auto/Home Discount – When you combine your home and auto insurance with the same insurance company you could get a discount of 10% to 20% off each policy.
Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.

Drivers should understand that some of the credits will not apply to your bottom line cost. Some only apply to the cost of specific coverages such as comp or med pay. So despite the fact that it appears all the discounts add up to a free policy, it just doesn’t work that way.

Car insurance companies that may have some of the above discounts may include but are not limited to:

It’s a good idea to ask each company which discounts they offer. Discounts may not be available everywhere.

Advertising myths

Consumers can’t get away from ads for the lowest price auto insurance by companies like Allstate and Progressive. All the ads say the same thing of big savings after switching to them.

How can each company claim to save you money?

Different companies have a certain “appetite” for the right customer they prefer to insure. A good example of a profitable customer might be profiled as between 25 and 40, is a homeowner, and has excellent credit. A customer getting a price quote that hits that “sweet spot” will get very good rates and is almost guaranteed to cut their rates substantially.

Drivers who are not a match for this ideal profile will be quoted higher premiums and ends up with business not being written. The ads state “people who switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can advertise the way they do. This emphasizes why you should get as many comparisons as possible. It’s impossible to know the company that will fit your personal profile best.

When should I use an insurance agent?

When it comes to buying the right insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s needs are different so this has to be addressed. For example, these questions may help you determine if your situation could use an agent’s help.

Will my insurance pay for OEM parts?
Can I afford to pay high deductible claims out of pocket?
Does my insurance cover my expensive audio equipment?
Is my babysitter covered when using my vehicle?
How can I get my company to pay me more for my totalled car?
Does insurance cover damages from a DUI accident?
Is my cargo covered for damage or theft?
What discounts do I qualify for?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Auto insurance 101

Knowing the specifics of a auto insurance policy helps when choosing which coverages you need for your vehicles. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on most auto insurance policies.

Comprehensive protection

This covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like vandalism, damage from getting keyed and hail damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for bills for things like ambulance fees, hospital visits, chiropractic care, EMT expenses and pain medications. They are used in conjunction with a health insurance program or if you lack health insurance entirely. 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

Liability

Liability coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. It protects you from claims by other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims like pain and suffering, legal defense fees, medical services and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus IS 250.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Auto collision coverage

Collision coverage pays for damage to your IS 250 caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as hitting a mailbox, colliding with another moving vehicle, backing into a parked car and driving through your garage door. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

The bottom line

As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. Too many times, an insured dropped comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. Your strategy should be to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

The cheapest 2011 Lexus IS 250 insurance can be purchased online and with local insurance agents, and you should be comparing both to have the best rate selection. Some insurance companies do not offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.