2011 Lexus IS 350 Car Insurance Rates – 5 Savings Tips

Expensive car insurance can drain your bank account and put the squeeze on your family’s finances. Doing a price comparison is a great way to help make ends meet. Because there are so many online and local companies to choose from, it can be diffult for consumers to find the cheapest insurance company.

Free Insurance Coverage Quotes

There are multiple methods to compare 2011 Lexus IS 350 insurance coverage quotes, and some are less time-consuming than others. You can spend countless hours talking about coverages with insurance agencies in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

Many companies take part in a program where prospective buyers send in one quote, and each participating company provides a quote. This eliminates the need for repetitive form submissions to every company.

To get comparison pricing now click here (opens in new window).

The only downside to pricing coverage this way is you don’t know exactly which companies you want pricing from. So if you want to choose specific insurance companies to compare rates, we have assembled a list of insurance coverage companies in your area. View list of insurance companies.

However you get your quotes, double check that you are using exactly the same coverages with each company. If you are comparing higher or lower deductibles it’s not possible to determine the lowest rate for your Lexus IS 350.

Insurance myths debunked

Consumers can’t get away from ads for cheaper car insurance by companies like Allstate, GEICO and Progressive. They all seem to have a common claim of big savings if you change to them.

How does each company claim to save you money? It’s all in the numbers.

All companies have a certain “appetite” for the type of driver that earns them a profit. For instance, a driver they prefer might be over the age of 40, is a homeowner, and has a short commute. A customer getting a price quote who fits that profile will qualify for the lowest rates and is almost guaranteed to save a lot of money.

Consumers who don’t meet the “perfect” profile will be charged a more expensive rate and ends up with the driver buying from a lower-cost company. The ads say “people who switch” not “everybody who quotes” save money. That is how companies can state the savings.

That is why it is so important to get as many comparisons as possible. Because you never know which company will fit your personal profile best.

Discounts on 2011 Lexus IS 350 insurance

The price of auto insurance can be rather high, but companies offer discounts to cut the cost considerably. Most are applied when you complete an application, but lesser-known reductions have to be manually applied in order for you to get them. If they aren’t giving you every credit you deserve, you are paying more than you should be.

  • Discount for Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance from them.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles are safer to drive and earn discounts up to 10%.
  • Student Driver Training – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.
  • Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
  • Claim Free – Drivers who don’t have accidents can save substantially when compared to drivers who are more careless.

It’s important to understand that some credits don’t apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as medical payments or collision. So when it seems like all the discounts add up to a free policy, you won’t be that lucky. But any discount will bring down the cost of coverage.

For a list of providers offering insurance discounts, click here to view.

Tailor your coverage to you

When buying adequate coverage, there is no perfect coverage plan. Every situation is different so this has to be addressed. For instance, these questions can help discover whether you would benefit from an agent’s advice.

  • Should I waive the damage coverage when renting a car?
  • Are split liability limits better than a combined single limit?
  • Does insurance cover tools stolen from my truck?
  • Am I covered if I break a side mirror?
  • Is a blown tire covered by insurance?
  • Am I missing any policy discounts?
  • Do I need PIP (personal injury protection) coverage in my state?
  • What should my uninsured motorist coverage limits be in my state?
  • Is my ex-spouse still covered by my policy?
  • At what point should I drop full coverage?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Car insurance coverages for a 2011 Lexus IS 350

Having a good grasp of your auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types found on most auto insurance policies.

Collision protection

This coverage covers damage to your IS 350 resulting from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like rolling your car, crashing into a ditch, hitting a parking meter, driving through your garage door and sideswiping another vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Lexus IS 350.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for expenses such as rehabilitation expenses, doctor visits, X-ray expenses, prosthetic devices and hospital visits. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Liability coverages

This coverage provides protection from damages or injuries you inflict on a person or their property. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as repair bills for other people’s vehicles, attorney fees, emergency aid and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like rock chips in glass, a broken windshield, damage from a tornado or hurricane, damage from flooding and hail damage. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Final thoughts

While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. There are too many instances where drivers have reduced comprehensive coverage or liability limits only to regret that their decision to reduce coverage ended up costing them more. The aim is to buy a smart amount of coverage at the best price.

Discount 2011 Lexus IS 350 insurance is attainable from both online companies and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance providers do not offer the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

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