Compare 2012 Lexus IS 350 Insurance Rates

Trying to find better auto insurance rates for your Lexus IS 350? Shopping for cheap auto insurance over the internet can be difficult for people who are new to comparing rates online. With such a large number of online companies, how can drivers possibly compare the different rates to find the best available price?

Cut prices on Lexus IS 350 insurance

Companies do not list every discount in a way that’s easy to find, so the following is a list of some of the more common and the harder-to-find discounts you could be receiving.

  • Service Members Pay Less – Having a family member in the military can result in better rates.
  • Multi-car Discount – Buying insurance for more than one vehicle with the same company could earn a price break for each car.
  • Bundle and Save – When you have multiple policies with one company you will save at least 10% off all policies.
  • Low Mileage Discounts – Fewer annual miles on your Lexus can earn discounted rates on garaged vehicles.
  • Paperless Signup – Certain companies will discount your bill up to fifty bucks for buying your policy on their website.
  • Safe Drivers – Safe drivers may receive a discount up to 45% less on IS 350 coverage than drivers with accident claims.
  • No Charge for an Accident – A few companies will forgive one accident without raising rates if your claims history is clear for a certain period of time.
  • Federal Government Employee – Simply working for the federal government could cut as much as 10% off on IS 350 coverage depending on your company.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you can get free auto insurance, you’re out of luck.

For a list of providers with discount insurance coverage rates, follow this link.

Lexus IS 350 insurance rates consist of many parts

Smart consumers have a good feel for the factors that come into play when calculating the price you pay for insurance. When you know what positively or negatively determines base rates helps enable you to make changes that can help you get better insurance rates.

  • No coverage gaps is important – Driving with no insurance is illegal and insurance companies will penalize you for letting your coverage lapse. And not only will insurance be more expensive, but not being able to provide proof of insurance can result in a steep fine or even jail time.
  • Policy add-ons can waste money – There are many add-on coverages you can purchase on your insurance policy. Coverages like roadside assistance, better glass coverage and additional equipment coverage are examples of these. They may seem good when you first buy your policy, but now you might not need them so get rid of them and save.
  • Better credit scores mean better rates – Credit score is a important factor in your rate calculation. If your credit is lower than you’d like, you could save money insuring your 2012 Lexus IS 350 by repairing your credit. Drivers who have high credit scores tend to be better drivers and file fewer claims than those with poor credit.
  • Your stress level may be raising your rates – Did you know your insurance rates can be affected by your occupation? Jobs such as doctors, architects and dentists tend to have the highest average rates attributed to job stress and lots of time spent at work. Other jobs such as pilots, historians and homemakers receive lower rates on IS 350 coverage.
  • Safer cars cost less to insure – Vehicles with high crash test scores tend to have better insurance rates. These vehicles reduce injuries and better occupant protection means lower claim amounts and thus lower rates. If your Lexus scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Theft deterrents lower rates – Choosing a vehicle with an alarm system can save you a little every year. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft.
  • Bad driving skills means higher rates – Only having one moving violation can increase rates twenty percent or more. Good drivers get better rates than their less careful counterparts. Drivers with dangerous tickets like DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with their state DMV in order to prevent a license revocation.
  • More miles equals more premium – The higher the mileage driven every year the higher your rates will be. The majority of insurers rate vehicles based upon how you use the vehicle. Autos used primarily for pleasure use receive lower rates than vehicles that are driven to work every day. If your policy improperly rates your IS 350 may be costing you. Double check that your insurance declarations sheet is showing the correct usage for each vehicle, because improper ratings can cost you money.

Tailor your coverage to you

When choosing adequate coverage, there really is not a perfect coverage plan. Every situation is different.

Here are some questions about coverages that may help highlight whether or not you would benefit from an agent’s advice.

  • Do I need special endorsements for business use of my vehicle?
  • How do I file an SR-22 for a DUI in my state?
  • Is extra glass coverage worth it?
  • What is the rate difference between pleasure use and commuting?
  • Does coverage extend to a rental car in a foreign country?
  • What should my uninsured motorist coverage limits be in my state?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Auto insurance coverage considerations

Understanding the coverages of your auto insurance policy can help you determine appropriate coverage for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Lexus IS 350.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as sustaining damage from a pot hole, hitting a parking meter, hitting a mailbox and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as pain medications, surgery and EMT expenses. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for liability

This will cover damage that occurs to a person or their property in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against things like funeral expenses, medical services and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive coverages

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a bird, hail damage, a broken windshield and damage from getting keyed. The maximum payout 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 consider dropping full coverage.

Final considerations

Low-cost 2012 Lexus IS 350 insurance is available online in addition to many insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance providers do not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

People change insurance companies for a variety of reasons including policy non-renewal, delays in responding to claim requests, policy cancellation and even poor customer service. Regardless of your reason for switching companies, finding the right insurance provider is not as hard as you think.

As you shop your coverage around, you should never buy less coverage just to save a little money. In too many instances, an accident victim reduced liability coverage limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at the best price while still protecting your assets.

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