Searching for cheaper insurance coverage rates for your Lexus IS 350? No one in their right mind likes having to buy insurance coverage, particularly when the cost is way too high.
Lots of insurance companies contend for your hard-earned dollar, and because of this it can be hard to compare insurance companies to find the best price available.
Companies don’t always publicize all available discounts in an easy-to-find place, so we took the time to find both the well known and the harder-to-find ways to save on auto insurance.
It’s important to understand that most discount credits are not given the the whole policy. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think it’s possible to get free car insurance, it just doesn’t work that way.
To see a list of insurance companies offering auto insurance discounts, click this link.
Performing a rate comparison can take time and effort if you don’t utilize the most efficient way to do it. You can waste hours driving to insurance companies in your area, or you could save time and use online quotes to accomplish the same thing much quicker.
Many popular insurance companies are enrolled in a marketplace that allows shoppers to only type in their quote data once, and each company returns a rated price determined by their information. This system prevents you from having to do repetitive form submissions for each company.
To participate in this free quote system, click to open in new window.
The one downside to getting quotes like this is you cannot specify the insurers you want to price. So if you want to choose individual companies for rate comparison, we have assembled a list of the cheapest insurance companies in your area. View list of insurance companies.
Whichever way you use, ensure you are comparing identical coverage limits for every quote you compare. If the quotes have different values for each quote you can’t possibly make a fair comparison for your Lexus IS 350. Just a small difference in limits may cause a big price difference. And when comparing insurance rates, know that having more price comparisons provides better odds of finding the best price.
When choosing proper insurance coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions can help discover if your situation could use an agent’s help.
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Understanding the coverages of insurance can be of help when determining the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are the normal coverages offered by insurance companies.
Comprehensive coverage – This pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims like rock chips in glass, damage from a tornado or hurricane, falling objects, a broken windshield and hail damage. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Liability car insurance – Liability coverage protects you from damages or injuries you inflict on other’s property or people in an accident. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.
Liability coverage protects against things such as pain and suffering, medical expenses, structural damage and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.
Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like ambulance fees, rehabilitation expenses, doctor visits and prosthetic devices. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Lexus IS 350.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.
Collision coverage – This coverage pays for damage to your IS 350 caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things like hitting a mailbox, backing into a parked car, sideswiping another vehicle, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.
When shopping online for car insurance, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where drivers have reduced full coverage only to regret they didn’t have enough coverage. The proper strategy is to find the BEST coverage at the best price while not skimping on critical coverages.
You just learned many ways to lower your 2013 Lexus IS 350 insurance rates. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. Drivers may discover the lowest premiums are with an unexpected company. Some small companies often have lower prices on specific markets than the large multi-state companies such as State Farm, GEICO and Nationwide.
More information can be read at the links below