Lower Your 2013 Lexus IS F Insurance Rates

Nobody likes paying for auto insurance, in particular when they are paying too much.

Consumers have many insurers to buy insurance from, and though it is a good thing to have a choice, lots of choices makes it harder to adequately compare rates.

It’s a great practice to compare rates at least once a year due to the fact that insurance rates trend upward over time. If you had the best rates on IS F insurance on your last policy a different company probably has better rates today. So block out anything you think you know about auto insurance because you’re about to learn the right way to remove unneeded coverages and save money.

Quick Car Insurance Quotes

Most major insurance companies like State Farm and Allstate allow you to get prices directly from their websites. The process is fairly straightforward as you simply enter your required coverages into a form. After the form is submitted, their system will order information on your driving record and credit history and quotes a price based on these factors. Quoting online helps simplify price comparisons, but the work required to visit different websites and complete many quote forms can be a bit tiresome and repetitive. Unfortunately, it is important to compare as many rates as possible in order to find lower prices.

The smarter way to find cheaper rates makes use of a single form that gets price quotes from a lot of companies. The form is fast, eliminates repetitive work, and makes price shopping online much more efficient. After your information is entered, it is quoted and you are able to buy your choice of the quotes returned.

If the quotes result in lower rates, you simply finish the application and buy the policy. It only takes a few minutes and you’ll know if lower rates are available.

To save time and compare pricing, simply click here to open in new window and fill out the form. If you have your current policy handy, we recommend you input deductibles and limits as close as possible to your current policy. This guarantees you will have a fair comparison for similar insurance coverage.

Do you qualify for discounts?

Car insurance is not cheap, buy you may qualify for discounts to help offset the cost. Some trigger automatically at the time of purchase, but less common discounts must be asked for in order for you to get them.

  • Safe Drivers – Safe drivers may receive a discount up to 45% less on IS F insurance than their less cautious counterparts.
  • Good Students Pay Less – Performing well in school can earn a discount of 20% or more. The good student discount can last until age 25.
  • Auto/Home Discount – If you have multiple policies with one insurance company you may save approximately 10% to 15%.
  • New Car Discount – Buying coverage on a new vehicle is cheaper due to better safety requirements for new cars.
  • College Student – Children living away from home attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Accident Forgiveness – A few companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
  • Claim Free – Good drivers with no accidents pay much less when compared with accident-prone drivers.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Lexus can earn better rates on cars that stay parked.

It’s important to note that some credits don’t apply to the entire policy premium. Some only apply to the cost of specific coverages such as comp or med pay. So when the math indicates you could get a free auto insurance policy, you won’t be that lucky. Any amount of discount will bring down your overall premium however.

To see a list of insurance companies with the best auto insurance discounts, click here to view.

Factors determining your Lexus IS F insurance premium

It’s important that you understand the factors that play a part in calculating your insurance rates. Understanding what influences your rates allows you to make educated decisions that can help you get big savings.

Shown below are a few of the “ingredients” companies use to determine your rates.

  • Multiple policies with one company can save – Many insurance companies will give a discount to policyholders who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to ten or even up to twenty percent in some cases. Even with this discount, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible. You may still find a better deal by splitting coverages up.
  • Liability coverage is peace of mind – Your policy’s liability coverage is the protection in the event that you are found liable for causing damage or personal injury in an accident. It will provide legal defense coverage starting from day one. Liability is cheap as compared to coverage for physical damage, so buy as much as you can afford.
  • Theft deterrents lower rates – Purchasing a vehicle with an alarm system can get you a discount on your insurance. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your vehicle from being stolen.
  • Don’t get talked into coverage you don’t need – There are a lot of add-on coverages that can waste your money if you aren’t careful. Things like rental car reimbursement, accident forgiveness and additional equipment coverage are some examples. They may seem like a good idea when you first buy your policy, but now you might not need them so remove them from your policy.
  • Pleasure use saves money – The more you drive each year the higher your rate. Almost all companies charge to insure your cars based on their usage. Cars not used for work or commuting get more affordable rates than vehicles that are driven to work every day. Ask your agent if your insurance policy properly reflects the correct driver usage. If your policy improperly rates your IS F can cost quite a bit.
  • Choose a safe vehicle and save – Safer cars get lower rates. Safer cars reduce injuries and better occupant protection translates into savings for insurance companies passed on to you as lower rates. If the Lexus IS F has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Adjust deductibles and save – Deductibles for physical damage define the amount you are willing to pay before a claim is paid by your company. Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your car. A few examples of covered claims are running into the backend of another car, collision with an animal, and windstorm damage. The higher the amount you have to pay, the less your company will charge you for insurance on IS F insurance.

Don’t assume everyone needs the same coverage

When it comes to buying adequate coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether or not you might need professional guidance.

  • Does coverage extend to my business vehicle?
  • Is my 2013 Lexus IS F covered for flood damage?
  • How high should deductibles be on a 2013 Lexus IS F?
  • Do I have any recourse if my insurance company denies a claim?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • What is the minimum liability in my state?
  • What is the rate difference between pleasure use and commuting?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Insurance policy coverages for a 2013 Lexus IS F

Having a good grasp of your policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Shown next are typical coverage types found on the average insurance policy.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like doctor visits, hospital visits, nursing services and chiropractic care. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability car insurance

Liability insurance will cover damage that occurs to other people or property in an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like loss of income, attorney fees and bail bonds. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

Comprehensive coverage

This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, hitting a bird, damage from a tornado or hurricane and damage from flooding. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for collisions

This will pay to fix damage to your IS F resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like sustaining damage from a pot hole, rolling your car and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2013 Lexus IS F.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.

One last thing about your coverage

You just learned many ideas to save on 2013 Lexus IS F insurance. The key concept to understand is the more companies you get rates for, the better your chances of lowering your rates. Consumers may even find the lowest rates come from a small local company. Some small companies can often provide lower rates in certain areas than their larger competitors like Progressive or GEICO.

As you restructure your insurance plan, it’s not a good idea to sacrifice coverage to reduce premiums. In too many instances, consumers will sacrifice uninsured motorist or liability limits only to find out that the savings was not a smart move. The proper strategy is to get the best coverage possible at a price you can afford while not skimping on critical coverages.

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