Cheaper 2004 Lexus IS 300 Insurance Rates

Trying to find better insurance prices for a Lexus IS 300 can normally be a painful process, but you can use a few tricks to save time.

There is a better way to find insurance coverage online and you need to know the quickest way to get price quotes for a new or used Lexus and obtain the lowest price from local insurance agents and online providers.

Consumers should take time to do rate comparisons periodically due to the fact that insurance prices are rarely the same from one policy term to another. Just because you found the best deal on IS 300 coverage a year ago you may be paying too much now. You’ll find quite a bit of inaccurate information about insurance coverage online, but in just a couple of minutes you can learn some good information on how to lower your insurance coverage bill.

Which auto insurance is cheapest?

Getting a cheaper price on 2004 Lexus IS 300 insurance is a fairly straight forward process. You just have to spend a little time to get quotes to discover which company has cheap car insurance quotes. This is very easy and can be done by using one of the methods below.

  1. The first (and easiest) way to find the lowest comparison rates is an all-inclusive rate comparison click to view form in new window. This form keeps you from doing separate quote forms to each individual auto insurance company. In just a few minutes this one form will get you price quotes from auto insurance companies with the best prices. This is perfect if you don’t have a lot of time.
  2. Another way to obtain and compare quotes online is going to the website for each individual company and get a separate price quote. For instance, let’s assume you want comparison quotes from State Farm, 21st Century and GEICO. To find out each rate you need to spend time going to each site individually and type in your information over and over, which is why most consumers use the first method. To view a list of companies in your area, click here.
  3. The final method to get comparison rates is making phone calls or going to insurance agents’ offices. The ability to quote online reduces the need to sit down with an agent unless you’re the type of person who wants the personal advice that you can only get from talking to an agent. You can, however, get the lowest quotes online and still use a local agent.

It’s up to you how you get prices quotes, just compare apples-to-apples quote information for each price quote. If each company quotes different limits and deductibles on each one you will not be able to make a fair rate comparison.

Tailor your car insurance coverage to you

When buying proper insurance coverage, there really is no single plan that fits everyone. Everyone’s situation is a little different.

For instance, these questions can help discover whether or not you could use an agent’s help.

  • What is high-risk coverage and where do I buy it?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Are rock chip repairs covered?
  • When would I need additional glass coverage?
  • Is my Lexus IS 300 covered if I use it for business?
  • Can my teen drive my company car?
  • When should I buy a commercial auto policy?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Auto insurance coverages explained

Understanding the coverages of auto insurance can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Comprehensive or Other Than Collision – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a deer, vandalism and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical costs insurance – Coverage for medical payments and/or PIP kick in for short-term medical expenses for funeral costs, pain medications, ambulance fees, prosthetic devices and doctor visits. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

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

Collision insurance covers things such as driving through your garage door, scraping a guard rail and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

UM/UIM Coverage – This protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Lexus IS 300.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally these limits are identical to your policy’s liability coverage.

Auto liability – Liability insurance protects you from damage that occurs to a person or their property. It protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability can pay for claims like medical services, structural damage and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.