Lower Your 2014 Lexus IS 350 Insurance Rates

No one enjoys paying for car insurance, especially knowing the cost is too high. Because you have many companies to choose from, it is hard for the average consumer to locate the right provider.

Consumers need to get comparison quotes every six months because insurance rates change quite often. Just because you found the lowest rates for IS 350 coverage last year there is a good chance you can find better rates now. So forget all the misinformation about car insurance because we’re going to show you how to quote online to find better rates and still maintain coverage.

This article will let you in on how car insurance quotes work and some tricks to saving. If you are paying for car insurance now, you will be able to cut costs considerably using these tips. Drivers just need to learn the proper way to compare rates online.

Lexus IS 350 rates influenced by many factors

Smart consumers have a good feel for the rating factors that come into play when calculating auto insurance rates. When you know what positively or negatively influences your rates enables informed choices that could result in much lower annual insurance costs.

The list below includes some of the factors auto insurance companies consider when setting premiums.

  • Having a spouse can save you money – Getting married actually saves money on your auto insurance policy. It means you’re more responsible and statistics show married couples file fewer claims.
  • Your job and insurance rates – Did you know your occupation can influence how much you pay for auto insurance? Occupations like real estate brokers, executives and accountants are shown to have higher rates than average attributed to high stress and long work hours. On the flip side, professions such as farmers, athletes and performers pay the least for IS 350 coverage.
  • Older drivers pay less – Teen drivers have a tendency to be less responsible when behind the wheel so auto insurance rates are higher. Older insureds tend to be more responsible, file fewer claims and receive fewer citations.
  • Do you have enough liability coverage? – Your policy’s liability coverage is the protection if a court rules you are at fault for damages caused by your negligence. It provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so buy as much as you can afford.

Save on 2014 Lexus IS 350 insurance

Insuring your vehicles can cost a lot, buy you may qualify for discounts to help bring down the price. Larger premium reductions will be automatically applied when you purchase, but less common discounts must be specially asked for before being credited. If you’re not getting every credit possible, you’re just leaving money on the table.

  • Paperwork-free – Some insurance companies will give a small break for buying a policy and signing up digitally online.
  • Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.
  • Homeowners Savings – Being a homeowner can save you money because of the fact that having a home shows financial diligence.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% for IS 350 coverage with a few insurance coverage companies.
  • Senior Citizens – If you qualify as a senior citizen, you may qualify for better insurance coverage rates for IS 350 coverage.
  • Military Rewards – Having a family member in the military may qualify for rate reductions.

Consumers should know that some credits don’t apply to the entire policy premium. Some only apply to specific coverage prices like comprehensive or collision. So when it seems like you could get a free insurance coverage policy, companies don’t profit that way. Any amount of discount will cut the amount you have to pay.

To see a list of providers offering insurance coverage discounts, follow this link.

Auto insurance ads bend the truth

Consumers can’t get away from ads for cheaper car insurance by companies like State Farm and Allstate. All the ads make the same claim that you’ll save big after switching to them.

How can each company make the same claim? It’s all in the numbers.

Different companies have a preferred profile for the driver that is profitable for them. An example of a driver they prefer could possibly be over the age of 40, a clean driving record, and has excellent credit. A customer getting a price quote that hits that “sweet spot” will qualify for the lowest rates and most likely will save a lot of money.

Consumers who don’t qualify for this ideal profile must pay higher prices which leads to business not being written. The ad wording is “drivers who switch” but not “drivers who get quotes” save that much. That is how insurance companies can state the savings.

This illustrates why you need to get quotes from several different companies. It’s impossible to know which insurance companies will provide you with the cheapest Lexus IS 350 insurance rates.

Tailor your coverage to you

When it comes to buying the best insurance coverage for your vehicles, there is no one size fits all plan. Every insured’s situation is different so your insurance needs to address that. These are some specific questions may help you determine if your insurance needs would benefit from professional advice.

  • Does coverage extend to Mexico or Canada?
  • Am I covered if I wreck a rental car?
  • Does my insurance cover a custom paint job?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Can I rate high risk drivers on liability-only vehicles?
  • When would I need rental car insurance?
  • When should I remove comp and collision on my 2014 Lexus IS 350?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Is my trailer covered?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It only takes a few minutes and may give you better protection.

What insurance coverages do you need?

Knowing the specifics of insurance can be of help when determining the right coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages available from insurance companies.

Liability insurance

This provides protection from damages or injuries you inflict on other people or property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as attorney fees, loss of income and medical services. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your 2014 Lexus IS 350.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally these limits do not exceed the liability coverage limits.

Collision coverage

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like crashing into a ditch, crashing into a building, backing into a parked car, driving through your garage door and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for expenses such as ambulance fees, rehabilitation expenses, chiropractic care, hospital visits and funeral costs. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as vandalism, hitting a bird, fire damage, a tree branch falling on your vehicle and falling objects. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Be Smart and Buy Smart

We covered a lot of ways to shop for 2014 Lexus IS 350 insurance online. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the lowest premiums are with an unexpected company. These smaller insurers often have lower prices on specific markets than the large multi-state companies such as State Farm, GEICO and Nationwide.

As you shop your coverage around, it’s very important that you do not reduce needed coverages to save money. There are many occasions where consumers will sacrifice uninsured motorist or liability limits only to find out that the few dollars in savings costed them thousands. Your strategy should be to purchase plenty of coverage at a price you can afford, not the least amount of coverage.

Additional auto insurance information is available on the following sites: