View 2015 Lexus IS 350 Insurance Quotes in 2024

Having to pay for overpriced Lexus IS 350 insurance can dwindle your savings account and maybe even restrict other spending. Doing a price comparison is recommended to lower your monthly bill.

Big-name insurance companies like State Farm, Progressive and GEICO constantly bombard you with TV and radio ads and it can be hard to sift through the bull and find the best price available.

Smart consumers take time to check auto insurance prices once or twice a year because auto insurance prices are constantly changing. If you had the lowest rates on IS 350 coverage six months ago there may be better deals available now. There are lots of tips to save on auto insurance on the internet, but I’m going to show you some great ways to lower your auto insurance bill.

How car insurance companies calculate Lexus IS 350 insurance prices

Multiple criteria are considered when pricing auto insurance. A few of the factors are predictable like a motor vehicle report, but other factors are less apparent like your continuous coverage or your financial responsibility.

The factors shown below are some of the most common factors used by your company to calculate your prices.

• Poor credit decisions can cost you – Having a bad credit history is a large factor in determining premium rates. So if your credit can be improved, you may save money insuring your 2015 Lexus IS 350 by improving your credit score. Insureds with very good credit scores tend to be better drivers and file fewer claims than those with lower credit scores.
• Vehicles with better crash test results lower premiums – Cars with five star safety ratings are cheaper to insure. Vehicles built for safety reduce occupant injuries and fewer injuries means less claims paid which can result in lower premiums.
• City dwellers may pay more – Having an address in a rural area is a good thing if you are looking for the lowest rates. Fewer drivers translates into fewer accident claims and also fewer theft and vandalism claims. People who live in big cities have to deal with more auto accidents and more severe claims. The longer drive time can result in more accidents.
• Don’t buy add-on coverages that may not be needed – There are a ton of additional extra coverages that you can buy if you don’t pay attention. Insurance for things like rental car coverage, high-cost glass coverage, and motor club memberships may be costing you every month. You may think they are a good idea when you first buy your policy, but your needs may have changed so remove them and pocket the money.
• Lower stress equals lower rates – Did you know your occupation can influence how much you pay for auto insurance? Jobs such as doctors, executives and accountants generally pay higher premium rates because of stressful work requirements and lengthy work days. Other careers such as scientists, engineers and performers pay the least on IS 350 coverage.
• Does insurance coverage cost more for males? – Statistics have proven women are more cautious behind the wheel. The data does not necessarily mean that women are BETTER drivers than men. Both genders tend to get into accidents at a similar rate, but men tend to have higher claims. They also get higher numbers of serious violations like reckless driving and DUI.
• Multiple policies with one company – Most insurers will give a discount to people that have more than one policy in the form of a multi-policy discount. Even if you qualify for this discount already, consumers should still compare other company rates to help guarantee you have the best rates. There is a chance you can save even more by buying auto insurance from a different company.

Cheap car insurance quotes with discounts

Companies offering auto insurance don’t necessarily list every discount they offer very well, so the list below gives a summary of a few of the more common in addition to some of the lesser obvious credits available to you. If you do not check that you are getting every discount available, it’s possible you qualify for a lower rate.

• Theft Deterrent Discount – Vehicles that have factory alarm systems and tracking devices can help prevent theft and will save you 10% or more.
• First Accident Forgiveness – This one isn’t a discount, but some insurance companies may permit one accident before your rates go up so long as you haven’t had any claims for a set time period.
• Discounts for Federal Employees – Active or former government employment may qualify for a discount when you quote auto insurance on IS 350 coverage depending on your car insurance provider.
• Defensive Driver Discounts – Taking a driver safety course could possibly earn you a 5% discount and make you a better driver.
• Clubs and Organizations – Participating in a qualifying organization may earn a discount on your bill.
• Discounts for Seat Belt Usage – Drivers who require all occupants to buckle up before driving could save 15% off the PIP or medical payment premium.
• Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase a life insurance policy as well.
• Safe Driver Discounts – Insureds without accidents can get discounts for up to 45% lower rates on IS 350 coverage than drivers with accident claims.
• Service Members Pay Less – Having a deployed family member may qualify for rate reductions.

Policy discounts save money, but many deductions do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like having all the discounts means you get insurance for free, you’re out of luck.

Companies and their possible discounts are:

• 21st Century policyholders can earn discounts including good student, theft prevention, early bird, defensive driver, and air bags.
• Progressive has discounts for multi-vehicle, multi-policy, online signing, good student, homeowner, continuous coverage, and online quote discount.
• State Farm offers discounts including safe vehicle, anti-theft, driver’s education, multiple policy, Drive Safe & Save, and good student.
• Nationwide has savings for easy pay, anti-theft, Farm Bureau membership, multi-policy, business or organization, family plan, and accident-free.
• Esurance may have discounts that include online quote, paid-in-full, multi-policy, Pac-12 alumni, claim free, anti-theft, and emergency road assistance.
• The Hartford may include discounts for bundle, defensive driver, driver training, vehicle fuel type, good student, anti-theft, and air bag.

If you are trying to find inexpensive auto insurance quotes, ask each company which credits you are entitled to. Depending on the company, some discounts may not apply to policies in your state. If you would like to choose from a list of companies who offer free car insurance quotes, enter your zip code here.

Tailor your insurance coverage to you

When buying coverage, there really is no perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether or not you could use an agent’s help.

• Should I have combined single limit or split liability limits?
• How high should my uninsured/underinsured coverage be in my state?
• Why is insurance for a teen driver so high?
• What if I don’t agree with a claim settlement offer?
• How much liability do I need to cover my assets?
• What can I do if my company denied a claim?
• Is a fancy paint job covered?
• What happens if I owe more than my 2015 Lexus IS 350 is worth?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, complete your zip code. It is quick, free and can provide invaluable advice.

Parts of your insurance policy

Understanding the coverages of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on most insurance policies.

Collision protection

Collision coverage pays for damage to your IS 350 resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as crashing into a building, colliding with a tree and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers

This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your 2015 Lexus IS 350.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Medical expense insurance

Med pay and PIP coverage kick in for bills like chiropractic care, prosthetic devices, X-ray expenses, EMT expenses and pain medications. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Auto liability

This will cover damages or injuries you inflict on a person or their property. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability insurance covers claims such as structural damage, legal defense fees and pain and suffering. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Comprehensive (Other than Collision)

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as rock chips in glass, damage from flooding, theft and falling objects. The highest amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

In the end, you save

When trying to cut insurance costs, do not buy poor coverage just to save money. In many instances, an insured dropped uninsured motorist or liability limits and learned later they didn’t have enough coverage. The proper strategy is to buy a smart amount of coverage at the best cost, but do not sacrifice coverage to save money.

Some insurance providers do not offer the ability to get a quote online and many times these small insurance companies sell through independent agents. Cost effective 2015 Lexus IS 350 insurance can be bought both online and with local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from.

You just learned some good ideas how you can lower your 2015 Lexus IS 350 insurance car insurance rates. The key thing to remember is the more rate quotes you have, the better your comparison will be. You may be surprised to find that the lowest priced auto insurance comes from some of the smallest insurance companies. They may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate and Progressive.