View 2021 Lexus IS 350 Insurance Quotes in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 5, 2024

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Searching for better auto insurance rates for your Lexus IS 350? Locating better insurance prices for a Lexus IS 350 can normally be a lot of work, but you can use these tips and make it easy. There is a better way to find auto insurance online so you’re going to learn the best way to get price quotes for a Lexus and get the lowest price from local insurance agents and online providers.

The Lexus IS 350 insurance cost equation

Lots of factors are considered when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, although some other factors are less apparent like where you live and annual miles driven.

  • Bad credit hurts insurance costs – Credit score is a big factor in your rate calculation. If your credit score is not that good, you could save money insuring your 2021 Lexus IS 350 by improving your credit score. People with high credit scores tend to file fewer claims than drivers who have lower ratings.
  • Better car insurance rates for no policy lapses – Letting your insurance expire can be a quick way to pay more for car insurance. Not only will rates go up, failure to provide proof of insurance might get you a revoked license or a big fine.
  • Raising comp and collision deductibles saves money – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Lexus from damage. Some examples of covered claims would be a windshield shattered by a rock, hitting a deer, and rolling your vehicle. The deductibles you choose define the amount you are required to spend before your car insurance pays a claim. The larger the amount you choose to pay out-of-pocket, the lower your rates will be for IS 350 insurance.
  • Single drivers may pay more – Your spouse may cut your premiums compared to being single. Having a spouse may mean you are more financially stable and insurance companies reward insureds because drivers who are married are more cautious.
  • Bundle home and auto and save – Lots of companies allow discounts to clients who buy several policies from them. It’s known as a multi-policy discount. Even though this discount sounds good, you may still want to get quotes from other companies to confirm you are receiving the best rates possible.

Find discounts to get cheap insurance coverage rates

Companies that sell car insurance do not advertise every policy discount in a way that’s easy to find, so we researched both the well known and also the more inconspicuous insurance coverage savings.

  • Discount for Home Ownership – Being a homeowner can save you money because maintaining a house requires personal responsibility.
  • No Claims – Insureds with no claims or accidents are rewarded with significantly better rates on insurance quote compared to drivers who are more careless.
  • Pay Now and Pay Less – By making one initial payment rather than paying monthly you can avoid the installment charge.
  • Student Driver Training – It’s a good idea to have your young drivers enroll and complete driver’s education in school.
  • Memberships – Joining certain professional organizations can get you a small discount on your bill.

A little note about advertised discounts, most credits do not apply to the entire policy premium. Most cut specific coverage prices like liability, collision or medical payments. If you do the math and it seems like all those discounts means the company will pay you, companies don’t profit that way. Any qualifying discounts will bring down your insurance coverage premiums.

A few popular companies and a summarized list of policyholder discounts are included below.

  • Progressive discounts include multi-policy, multi-vehicle, online signing, good student, and online quote discount.
  • MetLife offers premium reductions for good driver, good student, multi-policy, accident-free, and defensive driver.
  • Mercury Insurance may have discounts that include anti-theft, ease of repair, good driver, professional/association, multi-policy, good student, and location of vehicle.
  • Nationwide includes discounts for accident-free, anti-theft, Farm Bureau membership, good student, defensive driving, easy pay, and family plan.
  • GEICO offers discounts including daytime running lights, defensive driver, military active duty, federal employee, seat belt use, and multi-vehicle.
  • AAA has savings for anti-theft, AAA membership discount, education and occupation, good driver, good student, and multi-policy.

Before buying, ask each company or agent the best way to save money. Some credits might not apply everywhere. If you would like to see a list of insurers that offer the discounts shown above, enter your zip code here.

Tailor your insurance coverage to you

When choosing proper insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can help discover if your insurance needs might need an agent’s assistance.

  • Am I covered if my car is in a flood?
  • When can I cancel my policy?
  • Am I covered by my spouse’s policy after a separation?
  • What are the best liability limits?
  • Do I pay less for low miles?
  • Which is better, split liability limits or combined limits?
  • Am I covered when pulling a rental trailer?
  • Does my personal policy cover me when driving out-of-state?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Can I get a multi-policy discount?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, simply complete your zip code. It is quick, free and can help protect your family.

Auto insurance coverages and their meanings

Knowing the specifics of your policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Liability car insurance

Liability insurance will cover damage that occurs to a person or their property. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged property.

Liability can pay for things such as emergency aid, legal defense fees and medical services. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Lexus IS 350.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like falling objects, damage from flooding, vandalism, fire damage and a broken windshield. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage

This coverage pays for damage to your IS 350 resulting from a collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like hitting a parking meter, colliding with another moving vehicle, rolling your car and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for bills for pain medications, chiropractic care, X-ray expenses and rehabilitation expenses. They are used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

More comparisons equals lower rates

In this article, we covered quite a bit of information on how to lower your 2021 Lexus IS 350 insurance car insurance rates. The most important thing to understand is the more companies you get premium rates for, the better likelihood of getting cheap insurance. You may be surprised to find that the most savings is with a lesser-known regional company.

Drivers change insurance companies for a variety of reasons including an unsatisfactory settlement offer, unfair underwriting practices, high rates after DUI convictions or even poor customer service. Regardless of your reason, switching companies is pretty simple and you could end up saving a buck or two.

Discount 2021 Lexus IS 350 insurance is available from both online companies and from local agencies, and you should compare price quotes from both to have the best rate selection. Some insurance companies do not offer rates over the internet and usually these regional insurance providers provide coverage only through independent agents.

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