Save on 2012 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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Being forced to pay for expensive insurance coverage premiums can stress out your personal savings and make it tough to pay other bills. Drivers have many auto insurance companies to insure vehicles with, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to locate the cheapest rates.

Discount auto insurance rates

Car insurance companies don’t always list every discount available very well, so we researched both well-publicized in addition to some of the lesser obvious credits that you can use to lower your rates.

  • Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and therefore earn up to a 10% discount.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can avoid accidents so companies give up to a 10% discount.
  • Low Mileage Discounts – Low mileage vehicles may enable drivers to earn slightly better rates than normal.
  • Discounts for Federal Employees – Federal government employees could provide a small rate reduction for IS 350 coverage with certain companies.
  • Accident Waiver – Not really a discount, but companies like State Farm and GEICO allow you one accident without the usual rate increase if you are claim-free before the accident.
  • Telematics Data Discounts – Insureds who allow their auto insurance company to spy on vehicle usage by using a telematics device in their vehicle like Allstate’s Drivewise could see a rate decrease if their driving habits are good.
  • Driver’s Ed – Cut your cost by having your teen driver complete a driver education course as it can save substantially.
  • Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying in monthly installments you may have a lower total premium amount.
  • Service Members Pay Less – Being deployed in the military may qualify for rate reductions.
  • Discount for Life Insurance – Auto insurance companies who offer life insurance give lower prices if you buy some life insurance too.

One last thing about discounts, most of the big mark downs will not be given to all coverage premiums. Most only reduce individual premiums such as liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, you aren’t that lucky.

Large auto insurance companies and a selection of discounts include:

  • State Farm policyholders can earn discounts including accident-free, Drive Safe & Save, safe vehicle, Steer Clear safe driver discount, good driver, and good student.
  • Esurance offers premium reductions for online quote, renters, multi-car, DriveSense, anti-lock brakes, Pac-12 alumni, and anti-theft.
  • Progressive has discounts for online signing, multi-vehicle, good student, continuous coverage, homeowner, multi-policy, and online quote discount.
  • Liberty Mutual may include discounts for new vehicle discount, hybrid vehicle, exclusive group savings, newly married, good student, multi-policy, and multi-car.
  • Auto-Owners Insurance discounts include student away at school, anti-lock brakes, multiple vehicles, air bags, paid in full, and mature driver.
  • GEICO has savings for air bags, multi-policy, federal employee, seat belt use, driver training, and emergency military deployment.

When comparing rates, check with all companies you are considering which discounts you qualify for. Savings might not be offered on policies everywhere. For a list of auto insurance companies who offer cheap auto insurance quotes, enter your zip code here.

How you can control Lexus IS 350 insurance costs

The best way to find cheaper insurance coverage is to take a look at some of the things that come into play when calculating the rates you pay for insurance coverage. When you understand what influences your rates, this enables informed choices that can help you get better insurance coverage rates.

  • Drive a safer car and pay less – Cars with high safety ratings can get you lower premiums. Highly rated vehicles reduce the chance of injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders.
  • Marriage is a factor – Getting married helps lower the price on your policy. Having a significant other may mean you are more mature it has been statistically shown that drivers who are married are more cautious.
  • Poor credit history equals high costs – A driver’s credit score will be a significant factor in calculating your premium rate. Drivers with high credit scores tend to be better risks to insure as compared to drivers with lower ratings. So if your credit is lower than you’d like, you may save money insuring your 2012 Lexus IS 350 by repairing your credit.
  • When should you not file a insurance coverage claims? – Auto insurance companies generally give discounts to insureds who are claim-free. If you are a frequent claim filer, you can expect higher premiums or even policy non-renewal. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
  • Do you work long hours in a demanding job? – Did you know your career choice can influence rates? Careers such as judges, social workers and stock brokers are shown to have higher premium rates due to stressful work requirements and lengthy work days. On the other hand, careers such as professors, students and the unemployed generally pay rates lower than average for IS 350 coverage.
  • Insurance coverage rates and age – Youthful drivers are statistically proven to get distracted easily when driving therefore insurance coverage rates are much higher. Mature drivers are more responsible, tend to file fewer claims and are safer drivers.
  • High physical damage deductibles reduce premiums – Your deductibles represent how much money you are willing to pay in the event of a claim. Insurance for physical damage to your car, also called comprehensive and collision insurance, covers damage that occurs to your car. Examples of some claims that would be covered could be colliding with a stationary object, fire damage, and damage from wind. The more expense you pay before a claim is paid (deductible), the less your company will charge you for insurance for IS 350 coverage.

Tailor your auto insurance coverage to you

When choosing coverage, there isn’t really a single plan that fits everyone. Every situation is different so this has to be addressed. For instance, these questions might point out whether or not you might need professional guidance.

  • Can I afford low physical damage deductibles?
  • Are rental cars covered under my policy?
  • Am I covered by my spouse’s policy after a separation?
  • Am I covered if I crash into my own garage door?
  • Does my 2012 Lexus IS 350 need full coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Do I need replacement cost coverage on my 2012 Lexus IS 350?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Are there companies who specialize in insuring high-risk drivers?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and enter your zip code. It’s fast, doesn’t cost anything and can help protect your family.

Car insurance coverages explained

Knowing the specifics of your policy can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverage types offered by car insurance companies.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Lexus IS 350.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these coverages are similar to your liability insurance amounts.

Auto liability – Liability insurance provides protection from damage or injury you incur to other people or property. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as bail bonds, legal defense fees, emergency aid and funeral expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Insurance for medical payments – Med pay and PIP coverage provide coverage for bills such as EMT expenses, hospital visits, rehabilitation expenses, chiropractic care and doctor visits. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like a broken windshield, hail damage and a tree branch falling on your vehicle. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision – Collision coverage pays for damage to your IS 350 resulting from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as sideswiping another vehicle, hitting a parking meter and scraping a guard rail. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Pennies from heaven

In this article, we covered a lot of information how to reduce 2012 Lexus IS 350 insurance premium rates online. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding cheaper car insurance. You may be surprised to find that the best premium rates are with some of the smallest insurance companies. These smaller insurers may only write in your state and offer lower prices than their larger competitors like Progressive and GEICO.

While you’re price shopping online, it’s very important that you do not buy less coverage just to save a little money. In many cases, someone sacrificed full coverage only to find out that the few dollars in savings costed them thousands. Your goal should be to purchase plenty of coverage at the best price.

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