2013 Lexus IS 350 Car Insurance Cost – 9 Tips to Save

Searching for lower car insurance rates for your Lexus IS 350? Feel like you’re a prisoner to high-priced car insurance? Believe me, there are lots of people in the same boat.

Having so many companies to choose from, it can be diffult for consumers to locate the best car insurance company.

Finding the best protection can be fairly easy. Just about anyone who has to buy car insurance should be able to reduce their rates. But car owners can benefit by having an understanding of the methods companies use to sell online and apply this information to your search.

Companies offer discounts so take them!

The cost of insuring your cars can be expensive, but there are discounts available that you may not know about. A few discounts will automatically apply at the time of purchase, but less common discounts must be specifically requested before you will receive the discount.

  • Government Employees – Simply working for the federal government can earn a discount up to 10% for IS 350 coverage with select insurance companies.
  • Lower Rates for Military – Having a deployed family member may qualify for rate reductions.
  • Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education if it’s offered in school.
  • Sign Online – Some insurance companies give back up to $50 just for signing your application on their website.
  • Early Signing – Select companies give a discount for signing up before your current expiration date. This can save 10% or more.
  • Payment Method – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • Accident Free – Good drivers with no accidents pay less when compared with frequent claim filers.
  • Homeowners Discount – Owning a house can save you money due to the fact that maintaining a home is proof that your finances are in order.
  • Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance.

Keep in mind that most discount credits are not given to the entire cost. Most only reduce individual premiums such as collision or personal injury protection. So despite the fact that it appears adding up those discounts means a free policy, companies don’t profit that way. Any qualifying discounts will cut the amount you have to pay.

For a list of companies who offer car insurance discounts, click here.

The fastest way that we advise to get policy rate comparisons is to take advantage of the fact most insurance companies have advanced systems to compare their rates. The only thing you need to do is give them rating details such as which vehicles you own, your credit rating estimate, if it has an alarm system, and whether your vehicle is owned or leased. Your insurance information is instantly submitted to many highly-rated insurers and you will receive price estimates almost instantly.

To compare multiple company rates now, click here and see if a lower rate is available.

Do I just need basic coverages?

When it comes to choosing coverage for your personal vehicles, there is no best way to insure your cars. Each situation is unique so this has to be addressed. For example, these questions may help highlight whether you may require specific advice.

  • Does insurance cover damages from a DUI accident?
  • Do all my vehicles need collision coverage?
  • Do I have coverage if my license is suspended?
  • How high should my uninsured/underinsured coverage be in my state?
  • Does my liability insurance cover pulling a trailer or camper?
  • Why is insurance for a teen driver so high?
  • When should I drop full coverage on my 2013 Lexus IS 350?
  • When does my teenage driver need to be added to my policy?
  • Is my trailer covered?

If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Car insurance coverages for a 2013 Lexus IS 350

Understanding the coverages of your car insurance policy can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages available from car insurance companies.

Coverage for collisions

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

Collision insurance covers things such as crashing into a building, hitting a mailbox, sustaining damage from a pot hole and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like hospital visits, surgery, funeral costs and rehabilitation expenses. They are often utilized in addition to your health insurance policy 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 coverage is not available in all states and gives slightly broader coverage than med pay

Liability coverages

This coverage provides protection from damages or injuries you inflict on people or other property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as pain and suffering, funeral expenses and medical services. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2013 Lexus IS 350.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important. Normally these limits are set the same as your liablity limits.

Comprehensive insurance

This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like theft, a broken windshield, hitting a deer and hail damage. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Best coverage at the best price

Cheaper 2013 Lexus IS 350 insurance is available on the web as well as from independent agents, and you should be comparing both to have the best rate selection. Some auto insurance companies don’t offer you the ability to get quotes online and these small insurance companies work with independent agents.

While you’re price shopping online, do not buy less coverage just to save a little money. In many instances, an accident victim reduced full coverage only to find out that the savings was not a smart move. Your focus should be to get the best coverage possible at the best price while still protecting your assets.

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