How Much Does 2006 Lexus IS 350 Insurance Cost?

Want better insurance coverage rates for your Lexus IS 350? Having to pay for overpriced Lexus IS 350 insurance can dwindle your savings account and make it hard to pay other bills. Comparison shopping is a great way to help make ends meet. You have so many insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, lots of choices makes it harder to get the best deal.

It’s a good habit to check insurance coverage prices yearly since insurance rates trend upward over time. Even if you got the lowest price on IS 350 insurance on your last policy there is a good chance you can find better rates now. So forget anything you know (or think you know) about insurance coverage because you’re about to learn how to use the internet to properly buy coverages and cut your premium.

Choosing the best insurance company for you is not rocket science. If you have a current auto insurance policy or are looking for a new policy, you can use this information to find the best rates while maintaining coverages. Vehicle owners only need to know the tricks to compare company rates online.

How to Lower Your Insurance Cost

Cutting your insurance rates doesn’t have to be difficult. You just need to take a few minutes getting comparison quotes online from several insurance companies. It is quite easy and can be accomplished in a couple of different ways.

  • The fastest way to find low rates would be an industry-wide quote request form like this one (opens in new window). This easy form keeps you from doing a different quote for every insurance company. One quote request will return quotes from many national carriers.
  • Another way to get comparison quotes requires a visit to each company’s website to request a price quote. For sake of this example, let’s say you want to compare Allstate, Safeco and Farmers. You would have to go to every website and enter your policy data, and that’s why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

Which method you use is up to you, but ensure you’re using the exact same coverage limits and deductibles for each comparison quote. If you compare mixed coverages it’s impossible to make a fair comparison for your Lexus IS 350.

You probably qualify for some discounts

Companies offering auto insurance don’t always advertise every available discount very clearly, so here is a list some of the best known as well as the least known ways to save on car insurance. If you’re not getting every credit you deserve, you’re just leaving money on the table.

  • Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems can get savings of up to 25% or more.
  • Pay Upfront and Save – By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
  • Multi-policy Discount – When you have multiple policies with the same company you may earn approximately 10% to 15%.
  • Auto/Life Discount – Some companies give a discount if you purchase life insurance from them.
  • Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Multiple Cars – Buying insurance for all your vehicles with the same company can get a discount on all vehicles.
  • Drive Safe and Save – Drivers who avoid accidents can pay as much as 50% less on IS 350 insurance than drivers with accident claims.
  • Defensive Driving Course – Taking a driver safety course could possibly earn you a 5% discount depending on where you live.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Sign Online – A few companies will discount your bill up to fifty bucks simply for signing digitally online.

As a disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like comp or med pay. So when the math indicates you can get free auto insurance, it doesn’t quite work that way.

For a list of companies with the best car insurance discounts, click here to view.

There’s no such thing as the perfect policy

When it comes to choosing coverage for your vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions might point out whether you might need an agent’s assistance.

  • How can I get my company to pay me more for my totalled car?
  • Will my insurance pay for OEM parts?
  • What companies insure drivers after a DUI or DWI?
  • Do I need motorclub coverage?
  • Am I covered if I hit my neighbor’s mailbox?
  • Can I make deliveries for my home business?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Car insurance coverages explained

Learning about specific coverages of a car insurance policy can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages available from car insurance companies.

Insurance for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses for things like dental work, doctor visits, nursing services and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Auto collision coverage

Collision insurance covers damage to your IS 350 resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like damaging your car on a curb, crashing into a ditch, colliding with a tree, colliding with another moving vehicle and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Lexus IS 350.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto liability insurance

This coverage can cover damages or injuries you inflict on people or other property. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability coverage protects against things such as court costs, pain and suffering and emergency aid. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as fire damage, theft, damage from flooding, rock chips in glass and hitting a bird. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.