2013 Lexus IS 250 Insurance Cost – 9 Tips to Save

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Jun 13, 2015

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Buying low-cost insurance coverage over the internet is intimidating for people who are new to shopping for insurance online. With dozens of insurers to choose from, how can consumers possibly compare every one to find the cheapest available price?

Buying car insurance is easy if you know what you’re doing. Essentially anyone who has to buy insurance coverage will be able to lower their premiums. But drivers do need to learn how the larger insurance companies price online insurance and use this information to your advantage.

How to Lower Your Insurance Coverage Cost

Most major insurance companies give prices for coverage directly from their websites. This process is quite simple as you just enter the coverages you want into a form. After you submit the form the company’s rating system obtains credit information and your driving record and generates a price determined by many factors.

Online price quotes simplifies rate comparisons, but having to visit different websites and enter the same data into a form is not the best way to spend an afternoon. But it’s absolutely necessary to perform this step if you are searching for better prices.

The better way to compare rates

A more efficient way to lower your insurance coverage bill uses one form to get prices from a lot of companies. This type of form saves time, requires less work, and makes comparison shopping much easier. Immediately after submitting the form, it is quoted and you can select any of the quotes that you receive. If a lower price is quoted, you simply finish the application and purchase coverage. This process takes less than 15 minutes and you will find out if you’re overpaying now.

To quickly find out if lower rates are available, click here and complete the simple form. To compare your current rates, we recommend you input the limits and deductibles exactly as they are listed on your policy. This way, you will have rate quotes using the exact same coverages.

Do you qualify for a discount?

Auto insurance companies don’t list all their discounts in a way that’s easy to find, so we break down both the well known and the more hidden discounts you could be receiving.

  • Low Mileage – Fewer annual miles on your Lexus could be rewarded with discounted rates on garaged vehicles.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
  • Resident Student – Kids in college who are attending college and do not have a car can receive lower rates.
  • Discount for New Cars – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
  • Discounts for Safe Drivers – Safe drivers can pay as much as 50% less on IS 250 coverage than their less cautious counterparts.
  • Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts can qualify for discounts of up to 25% or more.
  • Homeowners Savings – Owning a home may trigger a auto insurance policy discount because owning a home shows financial diligence.
  • Payment Method – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.
  • Multiple Vehicles – Insuring multiple vehicles on one policy can get a discount on all vehicles.

A little note about advertised discounts, most credits do not apply the whole policy. Most only reduce specific coverage prices like liability and collision coverage. So when it seems like all those discounts means the company will pay you, you’re out of luck.

Car insurance companies that possibly offer some of the above discounts include:

Check with each insurance company which discounts you may be entitled to. Discounts may not be available in every state.

What coverages do I need?

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is unique.

For example, these questions could help you determine if your insurance needs may require specific advice.

  • Should I get collision insurance on every vehicle?
  • What discounts do I qualify for?
  • Is my trailer covered?
  • Do I have newly-aquired coverage?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Is my ex-spouse still covered by my policy?
  • Do I need replacement cost coverage on my 2013 Lexus IS 250?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form.

Insurance coverage options for a 2013 Lexus IS 250

Knowing the specifics of insurance helps when choosing the right coverages for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Lexus IS 250.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Auto liability insurance

Liability coverage can cover injuries or damage you cause to other people or property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability coverage pays for claims such as repair bills for other people’s vehicles, repair costs for stationary objects and medical services. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for chiropractic care, ambulance fees, doctor visits and hospital visits. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This covers damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like theft, hitting a bird, fire damage, damage from flooding and a tree branch falling on your vehicle. The maximum payout your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as hitting a parking meter, hitting a mailbox and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

More quotes. Lower rates.

People who switch companies do it for many reasons like delays in responding to claim requests, not issuing a premium refund, extreme rates for teen drivers or denial of a claim. Whatever your reason, finding a great new company can be pretty painless.

While you’re price shopping online, don’t be tempted to skimp on critical coverages to save a buck or two. There have been many situations where an insured dropped liability coverage limits only to regret that it was a big mistake. Your aim should be to buy a smart amount of coverage at an affordable rate while still protecting your assets.

We just presented a lot of ways to shop for 2013 Lexus IS 250 insurance online. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. You may be surprised to find that the biggest savings come from a company that doesn’t do a lot of advertising.

For more information, link through to the articles below:

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