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Lexus IS-300 Insurance Rates

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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: Jun 6, 2023

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You have lots of choices when shopping for insurance coverage for your Lexus IS-300. You can either contact an insurance agent or go online to check prices from many different companies. Buying car insurance from online companies can be fast and easy and at the same time you may find lower rates.

If you're new to shopping for car insurance online, it's easy to be confused by the hoards of car insurance companies selling insurance. The are a couple different ways to compare rate quotes and find the best price. The best method to find competitive Lexus IS-300 insurance cost is to get quotes online. It is quite easy and can be accomplished by completing this short form.

Which factors influence car insurance premiums?

Insurance premiums for a Lexus IS-300 can be significantly different depending on several factors. Taken into consideration are:

  • Higher performance IS-300 vehicles cost more
  • How many accidents you have had
  • Multiple policies can save money
  • Use of your vehicle
  • Special coverage such as replacement cost
  • Your job
  • Insurance coverage level
  • Whether you rent or own your home

One important consideration that helps determine your rates is the age of the vehicle. Older models have a reduced actual cash value compared to new IS-300 models so repair costs tend to be lower which may result in lower rates. Although new IS-300 models have more advanced features included like autonomous braking, tire pressure monitors, and dual-stage airbags that may help give discounted rates.

Liability coverage - This coverage provides protection from damages or injuries you inflict on other people or property in an accident. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so buy as large an amount as possible.

Collision coverage - Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in. Lexus IS-300 collision insurance is rather expensive coverage, so you might think about dropping it from lower value vehicles. It's also possible to increase the deductible in order to get cheaper Lexus IS-300 insurance rates.

Comprehensive coverage - Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle's value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage - This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Medical payments coverage and PIP - Medical payments and Personal Injury Protection insurance pay for expenses like doctor visits, EMT expenses, and X-ray expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage.

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