2016 Lexus IS 300 Insurance Quotes – 10 Savings Tips

Finding better insurance prices for a Lexus IS 300 can turn out to be an all-consuming task, but you can learn our insurance coverage buying tips to make it easier.

There are both good and bad ways to shop for insurance coverage and we’ll show you the absolute fastest way to get price quotes for your Lexus and obtain the lowest price either online or from local insurance agents.

You should make it a habit to price shop coverage as often as possible because insurance prices change regularly. Just because you had the best deal for IS 300 coverage at your last renewal you can probably find a better rate quote now. Block out anything you think you know about insurance coverage because we’re going to show you one of the easiest ways to reduce your cost while increasing coverage.

Quote car insurance online

Comparing car insurance rates can take time and effort if you aren’t aware of the fastest way to get free quotes. You could waste time discussing policy coverages with local insurance agents in your area, or you can stay home and use the web to achieve your goal.

Most major companies take part in a program that allows shoppers to only type in their quote data once, and every company returns a rated price based on that data. This saves time by eliminating quotation requests to every company.

To compare rates now click to open in new window.

One minor caviat to using this type of form is that you can’t choose which companies you will receive quotes from. So if you want to select from a list of companies to compare, we have assembled a list of the cheapest car insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just be sure to compare the same quote data for each quote you get. If each company quotes different values for each quote you will not be able to decipher which rate is best.

Lower-cost insurance quotes with discounts

Insurance is expensive, but you might already qualify for some discounts to help offset the cost. Some discounts will apply at the time of quoting, but some need to be asked about before they will apply. If you don’t get every credit you deserve, it’s possible you qualify for a lower rate.

• Government Employee Discount – Having worked for a branch of the government may qualify for a discount when you quote insurance coverage for IS 300 coverage depending on your company.
• Telematics Data Discounts – Drivers who agree to allow their company to scrutinize where and when they drive by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot may see discounts if their driving habits are good.
• Theft Deterent Discount – Cars equipped with tracking devices and advanced anti-theft systems help deter theft and qualify for as much as a 10% discount.
• Good Student Discount – This discount may save as much as 25% on a insurance coverage quote. The good student discount can last well after school through age 25.
• Home Ownership Discount – Owning a house can save you money because it requires a higher level of personal finance.
• Early Signing – Some companies reward drivers for renewing your policy before your current coverage expires. Ten percent is about the average savings.
• Drive Safe and Save – Insureds who avoid accidents may receive a discount up to 45% for IS 300 coverage than less cautious drivers.
• Multiple Cars – Buying coverage for all your vehicles with the same insurance company can reduce rates for all insured vehicles.
• Low Mileage Discounts – Keeping the miles down on your Lexus can earn discounted rates on garaged vehicles.
• Distant Student – Youth drivers who attend college more than 100 miles from home and do not have a car could get you a discount.

It’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the cost of specific coverages such as comp or med pay. Even though it may seem like you could get a free insurance policy, company stockholders wouldn’t be very happy.

If you would like to view providers that offer many of these discounts, click this link.

Tailor your insurance coverage coverage to you

When it comes to choosing coverage, there is no best way to insure your cars. Everyone’s needs are different.

For instance, these questions might help in determining whether you might need professional guidance.

• Is a blown tire covered by insurance?
• Do all my vehicles need collision coverage?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Do I have coverage for damage caused while driving under the influence?
• Do I need special endorsements for business use of my vehicle?
• Will I be non-renewed for getting a DUI or other conviction?
• What is the ISO rating for a 2016 Lexus IS 300?
• Does my car insurance cover rental cars?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, complete this form. It only takes a few minutes and may give you better protection.

Learn about car insurance coverages for a Lexus IS 300

Understanding the coverages of your car insurance policy can be of help when determining the best coverages for your vehicles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Collision protection

This will pay to fix damage to your IS 300 from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as damaging your car on a curb, crashing into a ditch and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as falling objects, a tree branch falling on your vehicle and a broken windshield. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Lexus IS 300.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages are identical to your policy’s liability coverage.

Liability insurance

Liability coverage can cover injuries or damage you cause to other’s property or people that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as repair bills for other people’s vehicles, legal defense fees, structural damage and attorney fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical expense insurance

Med pay and PIP coverage reimburse you for expenses like funeral costs, doctor visits, prosthetic devices and surgery. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage