Lower Your 2009 Lexus IS 250 Insurance Quotes

Looking for lower insurance rates for your Lexus IS 250? Confused by the crazy number of insurance companies? You have a lot of company. You have so many choices that it can be a ton of work to find better rates.

You need to take a look at other company’s rates occasionally because insurance rates trend upward over time. Just because you had the best deal on IS 250 coverage a couple years back there may be better deals available now. Ignore everything you know about insurance because you’re about to find out the tricks you need to know to find the best coverage while lowering your premiums.

Quick Auto Insurance Quotes

The are a couple different ways to get quotes and find the best price. The quickest method to find the cheapest 2009 Lexus IS 250 insurance rates is to perform an online rate comparison. This can be done using a couple different methods.

  • The fastest way to find the lowest comparison rates is to use a rate comparison form click to view form in new window. This type of form keeps you from doing separate quote forms for every auto insurance company. Just one form will get you rate comparisons from several companies. Just one form and you’re done.
  • A harder way to get quotes online requires you to visit the website for every company you want to comare and fill out their own quote form. For instance, we’ll assume you want to compare rates from State Farm, GEICO and American Family. To get rate quotes you would need to go to every website to input your insurance information, which is why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

  • The least efficient way of getting rate comparisons is to spend time driving to insurance agents’ offices. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the professional advice that only a license agent can provide. You can, however, find lower rates online but buy from a local insurance agent. We’ll cover that shortly.

Which method you use is up to you, but make darn sure you compare the exact same quote information with every price quote. If your comparisons have mixed coverages it will be impossible to make an equal comparison. Quoting even small variations in insurance coverages could mean much higher rates. And when comparing auto insurance rates, know that more quotes will increase your chances of finding the best offered rates.

How to save on 2009 Lexus IS 250 insurance

Auto insurance companies don’t list every discount in an easy-to-find place, so we break down some of the more common and the harder-to-find discounts you could be receiving.

  • Pay Now and Pay Less – By paying your policy upfront instead of monthly or quarterly installments you may reduce your total bill.
  • Safety Course Discount – Taking part in a course teaching defensive driving skills could cut 5% off your bill if your company offers it.
  • Save over 55 – If you qualify as a senior citizen, you can possibly qualify for reduced rates on IS 250 coverage.
  • Resident Student – Youth drivers living away from home attending college and do not have a car can be insured at a reduced rate.
  • Homeowners Pay Less – Owning a home can help you save on insurance coverage because owning a home shows financial diligence.
  • Save with a New Car – Putting insurance coverage on a new car can cost up to 25% less compared to insuring an older model.
  • Drive Less and Save – Fewer annual miles on your Lexus could qualify for a substantially lower rate.
  • Military Rewards – Being deployed with a military unit could be rewarded with lower premiums.
  • Good Student Discount – A discount for being a good student can save 20 to 25%. The good student discount can last up until you turn 25.
  • Discount for Life Insurance – Some companies give a break if you buy a life insurance policy as well.

As a disclaimer on discounts, most discount credits are not given to the entire policy premium. Most only reduce individual premiums such as comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, it doesn’t quite work that way.

Car insurance companies who might offer some of the above discounts are:

It’s a good idea to ask each insurance company which discounts you may be entitled to. Savings might not apply in every state.

Lexus IS 250 insurance premiums are calculated by many factors

It’s important that you understand the different types of things that go into determining the price you pay for auto insurance. Having a good understanding of what controls the rates you pay enables informed choices that will entitle you to much lower annual insurance costs.

  • Consolidate policies to earn discounts – Most companies will give a discount to insureds who carry more than one policy, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to compare other company rates to ensure the best deal. You may still be able to find better rates by splitting coverages up.
  • Extra add-on coverages are wasting money – There are a ton of additional coverages that can waste your money on your IS 250 policy. Coverages for roadside assistance, accident forgiveness and motor club memberships may be wasting your money. These coverages may sound good when talking to your agent, but if you don’t need them eliminate them to save money.
  • Don’t let your coverage lapse – Driving without insurance can get your license suspended and as a result your rates will increase for letting your insurance expire. Not only will rates go up, failure to provide proof of insurance can result in a license revocation or jail time.You may need to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
  • Lower rates with optional equipment – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your vehicle from being stolen.
  • Where do you drive? – Driving more miles each year the more you will pay for auto insurance. Almost all companies rate vehicles based on their usage. Cars not used for work or commuting can get a lower rate compared to those used for work or business. An improperly rated IS 250 may be wasting your money. Ask your agent if your auto insurance coverage is rated on the proper vehicle usage, because it can save money.
  • Do men or women drive better? – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are BETTER drivers than men. Women and men are in accidents at a similar rate, but the men cause more damage. Men also statistically get cited for more serious violations like reckless driving and DUI. Teenage male drivers are the most expensive to insure and are penalized with high auto insurance rates.
  • More people means more accidents – Living in less populated areas can be a good thing when talking about auto insurance. Urban drivers have much more traffic and longer commute times. Lower population translates into fewer accidents and also fewer theft and vandalism claims.

Tailor your coverage to you

When it comes to buying coverage, there is no perfect coverage plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that may help you determine if you would benefit from professional advice.

  • Why do I need rental car insurance?
  • Does my medical payments coverage pay my health insurance deductible?
  • What companies insure drivers after a DUI or DWI?
  • What is the rate difference between pleasure use and commuting?
  • Can I afford to buy a different vehicle if my 2009 Lexus IS 250 is totaled?
  • When should I buy a commercial auto policy?
  • Should I buy only the required minimum liability coverage?

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form.

The fine print in auto insurance ads

Companies like Allstate and Progressive continually stream ads on television and other media. All the ads make the same claim about savings after switching your policy. How do they all make almost identical claims? It’s all in the numbers.

All the different companies have a certain “appetite” for the right customer that makes them money. An example of a profitable customer could be a mature driver, has no driving citations, and has excellent credit. A customer who matches those parameters will qualify for the lowest rates and most likely will save quite a bit of money when switching.

Potential insureds who don’t qualify for the requirements will be quoted a more expensive rate and ends up with the driver buying from a lower-cost company. The ads say “drivers who switch” not “everyone that quotes” save that much. That’s why companies can state the savings. This emphasizes why it’s extremely important to quote coverage with many companies. You cannot predict which insurance companies will provide you with the cheapest Lexus IS 250 insurance rates.

Auto insurance coverage information

Learning about specific coverages of your car insurance policy aids in choosing appropriate coverage for your vehicles. Car insurance terms can be ambiguous and nobody wants to actually read their policy.

Comprehensive auto coverage

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as damage from flooding, falling objects, vandalism, a tree branch falling on your vehicle and hitting a deer. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for immediate expenses such as doctor visits, hospital visits, funeral costs and dental work. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Collision protection

This coverage covers damage to your IS 250 caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as scraping a guard rail, crashing into a building, sustaining damage from a pot hole and hitting a parking meter. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Auto liability insurance

This coverage protects you from damage that occurs to other’s property or people. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things like funeral expenses, emergency aid, repair bills for other people’s vehicles and structural damage. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

Never pay more for less

Insureds switch companies for any number of reasons including high rates after DUI convictions, denial of a claim, not issuing a premium refund or poor customer service. It doesn’t matter why you want to switch choosing a new insurance company can be easier than you think.

When buying insurance coverage, do not reduce needed coverages to save money. There have been many cases where an insured dropped collision coverage only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

We just covered quite a bit of information on how to lower your 2009 Lexus IS 250 insurance rates. The key thing to remember is the more quotes you get, the better your chances of lowering your rates. Drivers may discover the best price on insurance is with a small local company.

More detailed insurance information is available by following these links: