2019 Lexus IS 300 Car 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: Jun 9, 2024

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Are you irritated from sacrificing to insure your Lexus every month? You’re in the same situation as many other drivers.

Big-name insurance companies like State Farm and GEICO all promote huge savings with ads and consumers find it hard to avoid their marketing magic and find the best price available.

Lower rate quotes with discounts

Some insurance providers don’t always publicize every possible discount very well, so we took the time to find a few of the more common in addition to some of the lesser obvious credits available to bring down your rates.

  • Good Student – Getting good grades can earn a discount of 20% or more. This discount can apply until age 25.
  • Savings for New Vehicles – Insuring a new car is cheaper because new vehicles are generally safer.
  • Passenger Safety Discount – Cars that have air bags or automatic seat belts can get savings of 20 to 30 percent.
  • Active Service Discounts – Having an actively deployed family member could trigger a small discount.
  • Theft Deterrent System – Cars with anti-theft systems prevent vehicle theft and will qualify for a discount on a auto insurance quote.

Discounts lower rates, but most discounts do not apply to your bottom line cost. Most cut the price of certain insurance coverages like comp or med pay. If you do the math and it seems like all the discounts add up to a free policy, it’s just not the way it works.

A list of insurance companies and some of their more popular discounts are outlined below.

  • Farm Bureau has discounts for youthful driver, safe driver, good student, driver training, and 55 and retired.
  • State Farm offers premium reductions for anti-theft, good student, Drive Safe & Save, accident-free, student away at school, Steer Clear safe driver discount, and safe vehicle.
  • Progressive policyholders can earn discounts including online signing, continuous coverage, good student, online quote discount, and homeowner.
  • Allstate offers discounts for multi-policy, eSmart discount, resident student, auto/life discount, economy car, 55 and retired, and good student.
  • Nationwide includes discounts for multi-policy, family plan, accident-free, Farm Bureau membership, and business or organization.
  • MetLife may include discounts for good student, defensive driver, good driver, accident-free, and claim-free.

If you need lower rates, check with each insurance company what discounts are available to you. Some credits may not apply to policies in your area. If you would like to see a list of insurers with the best insurance discounts, enter your zip code here.

How much is auto insurance?

Most major insurance companies such as Progressive, Allstate and GEICO allow consumers to get prices direct online. Doing online price comparisons is quite easy because you just enter the amount of coverage you want into a form. After you complete the form, the company’s rating system pulls your driving and credit reports and provides a quote based on these and other factors. Being able to quote online makes it a lot easier to compare rates but having to visit each company’s website and repetitively enter the same data into a form gets old quite quickly. But it’s necessary to get many rate quotes if you want to find the best price possible.

Quote rates the easy way

The smarter way to compare auto insurance pricing uses one form that gets prices from multiple companies. It saves time, helps eliminate repetitive entry, and makes online shopping much simpler. After your information is entered, it is quoted with multiple companies and you can pick your choice of the pricing results. If you find a better price you can simply submit the application and purchase coverage. It can be completed in less than 10 minutes and may save quite a bit of money.

To quickly find out what other companies charge, simply enter your zip code here and input your coverage information. If you have your current policy handy, we recommend you type in the insurance coverages identical to your current policy. Using the same limits helps guarantee you will have a price comparison based on the exact same insurance coverage.

Insurance premium influencing factors

Lots of factors are considered when pricing auto insurance. Some are obvious such as traffic violations, but other criteria are less apparent like your vehicle usage or your vehicle rating. It’s important that you understand some of the elements that help calculate your policy premiums. When you understand what determines premiums, this empowers consumers to make smart changes that may result in much lower annual insurance costs.

  • Alarms and GPS tracking lower insurance rates – Choosing a vehicle that has a built-in theft deterrent system can help lower your premiums. Theft deterrent systems like OnStar, LoJack tracking, and tamper alarms all help prevent car theft.
  • High coverage deductibles cost less – Physical damage protection, aka comp and collision, protects your Lexus from damage. Examples of some claims that would be covered would be colliding with a building, hail damage, and burglary. Comp and collision deductibles define how much the insured will be required to pay before a claim is paid by your company. The more money the insured has to pay upfront, the less money you will pay for insurance for IS 300 coverage.
  • Premiums drop with age – Teen drivers are known to be inattentive when driving with friends so insurance rates are higher. Parents adding a inexperienced driver to your policy can break the bank. Older people are proven to be safer behind the wheel, cause fewer claims and accidents and receive fewer citations.
  • Married drivers get better prices – Being married may save some money when shopping for insurance. Having a significant other means you’re more stable financially and insurance companies reward insureds because being married results in fewer claims.

What is the best auto insurance coverage?

When it comes to choosing coverage for your personal vehicles, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions can aid in determining whether your personal situation might need professional guidance.

  • Should I get collision insurance on every vehicle?
  • Is my cargo covered for damage or theft?
  • Does coverage extend to Mexico or Canada?
  • When does my teenage driver need to be added to my policy?
  • Should I bundle my homeowners policy with my auto?
  • What is the difference between comprehensive and collision coverage?
  • I have health insurance so do I need medical payments coverage?
  • Am I covered if my car is in a flood?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and enter your zip code.

Insurance coverage specifics

Understanding the coverages of your insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average insurance policy.

Liability – Liability coverage can cover damage or injury you incur to people or other property. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

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 limits of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability insurance covers things such as pain and suffering, legal defense fees, emergency aid and attorney fees. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.

Comprehensive insurance – This pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hitting a deer, vandalism and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your Lexus IS 300.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Collision – This pays for damage to your IS 300 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like driving through your garage door, backing into a parked car and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

Coverage for medical expenses – Coverage for medical payments and/or PIP reimburse you for immediate expenses for rehabilitation expenses, surgery, pain medications and X-ray expenses. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Knowledge is power

Cheap 2019 Lexus IS 300 insurance is available on the web in addition to local insurance agencies, and you should compare rates from both so you have a total pricing picture. A few companies do not provide price quotes online and many times these regional carriers only sell through independent insurance agents.

When trying to cut insurance costs, don’t be tempted to reduce needed coverages to save money. There are many occasions where an accident victim reduced uninsured motorist or liability limits only to regret at claim time that they should have had better coverage. Your aim should be to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

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