Save on 2005 Lexus IS 300 Car Insurance Quotes

When looking for more affordable insurance, are you overwhelmed by the number of car insurance choices available to you? Lot’s of other drivers are too. consumers have so many choices available that it can quickly become more work than you anticipated to compare prices.

Informed drivers know how to buy insurance more affordably

One of the most helpful ways to save on insurance is to to have a grasp of the factors that go into determining insurance rates. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that could help you find lower rates. Lots of factors are part of the equation when quoting car insurance. Some factors are common sense such as traffic violations, but others are not quite as obvious like where you live or your commute time.

  • Driving citations cost more than a fine – Having a clean driving record has a huge affect on how much you pay. Having a single citation can boost insurance rates forty percent or more. Drivers who don’t get tickets have lower premiums as compared to those with violations. Drivers who have severe violations such as DUI, reckless driving or excessive speeding may be required to file a SR-22 to the state department of motor vehicles in order to keep their license.
  • Age of drivers – Drivers with little experience are statistically proven to be inattentive and easily distracted when driving with friends so they pay higher insurance rates. Adding a teenage driver to your insurance policy can increase premiums substantially. Older drivers are more cautious drivers, are lower risk to insure .
  • GPS tracking and theft deterrents reduce rates – Buying a car with an alarm system can save you some money. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart auto theft and help lower rates.
  • Consolidating policies can get discounts – Most major insurance companies afford lower prices to insureds who consolidate policies with them in the form of a multi-policy discount. Even with this discount, it’s always a smart idea to comparison shop to confirm you are receiving the best rates possible.
  • Your address can push rates up or down – Being located in smaller towns and rural areas of the country may provide you with better prices when talking about insurance. Fewer drivers on the road corresponds to lower accident rates in addition to lower liability claims Drivers who live in large cities regularly have more traffic problems and longer commutes to work. More time on the road statistically corresponds to a higher accident and claim rate.
  • Insurance prices and driver gender – Over time, data shows that females take fewer risks when driving. It does not mean females are better at driving than males. Men and women cause at-fault accidents at a similar rate, but men have accidents that have higher claims. Men also receive more major tickets like driving under the influence (DUI).
  • Limits of liability – Your insurance policy’s liability coverage will afford coverage in the event that you are found to be at fault for damages caused by your negligence. Your liability coverage provides legal defense coverage which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.
  • Be proud to be claim-free – If you frequently file small claims, you can look forward to increased rates or even have your policy non-renewed. Companies award better rates to policyholders who file claims infrequently. Your insurance policy is intended for major claims that would cause financial hardship.

Compare auto insurance price quotes online

Performing a rate comparison can be a lot of work if you don’t know the best way to get rate quotes. You can spend your afternoon discussing policy coverages with insurance companies in your area, or you can utilize online quotes for quick rates.

Many popular insurance companies belong to a marketplace that allows shoppers to complete one form, and every company then returns a price quote. This system prevents you from having to do quote requests for every auto insurance company.

To compare pricing click to open in new window.

One minor caviat to pricing coverage this way is that you can’t choose which insurance companies you want to price. If you wish to select individual companies for rate comparison, we have a listing of the cheapest auto insurance companies in your area. Click here for list of insurance companies.

Whichever way you use, try to keep the exact same information for every quote you compare. If you enter higher or lower deductibles it will be nearly impossible to determine the best price for your Lexus IS 300. Having just a slight variation in limits may cause a big price difference. And when quoting auto insurance, remember that comparing more quotes will increase your chances of finding the best price. Not every company provides rate quotes online, so it’s important to also get rates from them as well.

Big brands don’t always mean big savings

Companies like Allstate, GEICO and Progressive consistently run ads on TV and radio. All the ads make the same claim about savings just by moving your coverage. That’s great but how can every company make the same claim? It’s all in the words they use.

Different companies are able to cherry pick for the type of driver that earns them a profit. For example, a preferred risk may be between the ages of 30 and 45, has never had a policy lapse, and insures a new vehicle. Any driver that matches those criteria receive the lowest rate quotes and have a good chance to save a lot if they switch.

Potential insureds who fall outside these standards will see a higher rate and ends up with the prospect going elsewhere. The trick companies use is to say “customers who switch” not “everyone who quotes” save that much money. That is how insurance companies can confidently advertise the savings. That is why you really need to do a price quote comparison at every renewal. It’s just too difficult to predict the company that will provide you with the cheapest car insurance rates.

More discounts mean lower-cost premiums

Car insurance companies do not list every discount very clearly, so the next list breaks down a few of the more common in addition to some of the lesser obvious credits available to you.

  • Clubs and Organizations – Affiliation with specific professional or occupational memberships or organizations could qualify you for a break on your next renewal.
  • Paper-free Discount – A few larger online companies will discount your bill up to fifty bucks for signing up on your computer.
  • Accident Forgiveness Coverage – Not a discount per se, but companies like GEICO and Allstate permit an accident before hitting you with a surcharge if your claims history is clear prior to being involved in the accident.
  • Claim Free – Insureds who avoid accidents and claims have much lower rates in comparison to bad drivers.
  • Distant Student – Older children who are enrolled in a college that is more than 100 miles from home and do not have access to a covered vehicle could qualify for this discount.
  • Passive Restraints – Vehicles equipped with air bags or motorized seat belts could see savings up to 30%.
  • Defensive Driver – Participating in a course that instructs on driving safety could cut 5% off your bill depending on where you live.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle up can save a little off PIP or medical payments premium.

We need to note that most credits do not apply the the whole policy. Some only apply to individual premiums such as comp or med pay. If you do the math and it seems like it’s possible to get free car insurance, nobody gets a free ride. But all discounts should help lower the premium cost.

The best car insurance companies and some of their more popular discounts include:

  • State Farm offers premium reductions for accident-free, Drive Safe & Save, anti-theft, multiple autos, student away at school, good student, and safe vehicle.
  • Progressive offers discounts for multi-vehicle, homeowner, multi-policy, online signing, and good student.
  • Travelers may have discounts that include payment discounts, early quote, driver training, IntelliDrive, home ownership, new car, and continuous insurance.
  • American Family may offer discounts for good student, Steer into Savings, TimeAway discount, air bags, and good driver.
  • Liberty Mutual offers discounts including good student, preferred payment discount, teen driver discount, hybrid vehicle, and multi-policy.

Before purchasing a policy, check with each insurance company to give you their best rates. Some discounts listed above may not be available in your state. To see a list of insurance companies with the best car insurance discounts, click here.

It’s not one size fits all

When it comes to choosing coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s needs are different.

For example, these questions can help discover whether or not you might need an agent’s assistance.

  • Am I covered when delivering products for my home-based business?
  • Who is covered by my policy?
  • Do all my vehicles need collision coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Am I covered when driving in Canada or Mexico?
  • Is my babysitter covered when using my vehicle?
  • What is medical payments coverage?
  • Do I have coverage for damage caused while driving under the influence?
  • If my 2005 Lexus IS 300 is totaled, can I afford another vehicle?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Auto insurance coverage options for a Lexus IS 300

Understanding the coverages of your policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for rehabilitation expenses, nursing services and pain medications. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and damage to your Lexus IS 300.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as hitting a bird, a tree branch falling on your vehicle, falling objects, damage from flooding and hail damage. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverages

Liability coverage will cover damage or injury you incur to other people or property in an accident. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle 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. You commonly see liability limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims like repair bills for other people’s vehicles, funeral expenses and bail bonds. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Collision insurance

This will pay to fix damage to your IS 300 caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like colliding with a tree, damaging your car on a curb, hitting a parking meter and scraping a guard rail. This coverage can be expensive, so consider dropping it from older vehicles. You can also choose a higher deductible to save money on collision insurance.

A fool and his money are soon parted

We just showed you a lot of tips how to shop for 2005 Lexus IS 300 insurance online. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your prices. You may be surprised to find that the most savings is with a smaller regional carrier.

Insureds change insurance companies for a variety of reasons including an unsatisfactory settlement offer, lack of trust in their agent, high prices or delays in responding to claim requests. Regardless of your reason, finding the right insurance coverage provider is pretty simple and you could end up saving a buck or two.

When shopping online for insurance coverage, never sacrifice coverage to reduce premiums. In many cases, an insured cut full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The goal is to buy enough coverage at an affordable rate but still have enough coverage for asset protection.

More detailed insurance coverage information can be read at these sites: