How Much Does 2004 Lexus IS 300 Insurance Cost?

Trying to find the cheapest car insurance rates for your Lexus IS 300? Are you sick and tired of not being able to afford each month for car insurance? You are no different than the majority of other car owners. Many insurance companies vie for your hard-earned dollar, and because of this it can be hard to compare car insurance companies and get the definite lowest cost out there.

You should make it a habit to compare rates every six months due to the fact that insurance rates trend upward over time. Even if you think you had the best price on IS 300 coverage a year ago a different company probably has better rates today. You’ll find quite a bit of inaccurate information about car insurance on the internet, so I’m going to show you a bunch of ideas how to save money.

If you have a current car insurance policy or need a new policy, you can follow these tips to reduce the price you pay while maximizing coverage. Buying car insurance is not rocket science. Drivers just need to learn the proper methods to shop on the web.

Verify you’re getting all your discounts

Companies don’t necessarily list every available discount in a way that’s easy to find, so we researched some of the best known and the harder-to-find auto insurance savings. If you aren’t receiving every discount possible, you are throwing money away.

  • No Claims – Good drivers with no accidents pay less as compared to bad drivers.
  • Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts can receive discounts of 20% or more.
  • Multiple Vehicles – Insuring multiple vehicles on the same auto insurance policy may reduce the rate for each vehicle.
  • Theft Prevention System – Cars that have factory anti-theft systems can help prevent theft and earn discounts up to 10%.
  • Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less on IS 300 coverage than drivers with accident claims.
  • Homeowners Discount – Being a homeowner can save you money because owning a home shows financial diligence.
  • Multi-policy Discount – When you have multiple policies with one insurance company you may save 10% to 20% off each policy.
  • Paperwork-free – A few companies give back up to $50 for buying a policy and signing up on their website.
  • Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
  • Distant Student – Kids in college who live away from home and do not have a car may qualify for this discount.

Keep in mind that most discounts do not apply to all coverage premiums. Most only apply to specific coverage prices like comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

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

Before buying, ask all companies you are considering which discounts they offer. All car insurance discounts might not apply in your state.

The easiest way to compare rates is to understand most insurance companies provide online access to give you rate quotes. The only thing you need to do is give them rating details such as your occupation, if the car is leased, whether the vehicles are used for commuting, and how many miles driven. That information is instantly provided to multiple different insurance companies and you get price estimates instantly.

To get price quotes for your Lexus IS 300 , click here and enter your zip code.

When should I talk to an agent?

When it comes to buying adequate coverage for your vehicles, there really is no perfect coverage plan. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions may help you determine whether you would benefit from an agent’s advice.

  • When can my company non-renew my policy?
  • Am I covered when using my vehicle for business?
  • What vehicles should carry emergency assistance coverage?
  • Do I really need UM/UIM coverage?
  • Am I missing any policy discounts?
  • When would I need rental car insurance?
  • Is my teen driver covered when they drive my company car?
  • Does coverage extend to Mexico or Canada?
  • How high should my medical payments coverage be?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Insurance coverages explained

Learning about specific coverages of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by insurance companies.

Auto liability

This coverage protects you from injuries or damage you cause to a person or their property that is your fault. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability insurance covers claims such as legal defense fees, medical expenses, emergency aid, pain and suffering and court costs. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses such as chiropractic care, ambulance fees, X-ray expenses, rehabilitation expenses and nursing services. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Collision insurance

This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like sideswiping another vehicle, crashing into a ditch, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things such as hitting a bird, a tree branch falling on your vehicle, vandalism, rock chips in glass and damage from flooding. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Lexus IS 300.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Buy Smart and Save

Cheaper 2004 Lexus IS 300 insurance can be sourced on the web in addition to many insurance agents, so compare prices from both so you have a total pricing picture. A few companies do not provide online price quotes and many times these small, regional companies only sell through independent insurance agents.

While you’re price shopping online, do not buy less coverage just to save a little money. There are many occasions where consumers will sacrifice uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your aim should be to get the best coverage possible for the lowest price while still protecting your assets.

To read more, link through to the resources below: