How Much Does 2015 Lexus IS 250 Car Insurance Cost?

If you are new to online insurance coverage, you may be overwhelmed by the large number of insurance coverage companies who claim to have the best insurance coverage rates.

Finding the lowest cost coverage is easy if you know what you’re doing. Essentially everyone who is shopping for auto insurance will most likely be able to cut their insurance bill. But vehicle owners need to learn how the larger insurance companies market insurance on the web.

Cheap auto insurance quotes online

Effectively comparing auto insurance prices can take hours if you aren’t aware of the fastest way to get free quotes. You can spend countless hours driving to insurance agencies in your area, or you could use the internet to maximize your effort.

Many popular insurance companies belong to a marketplace that enables customers to submit one quote, and at least one company can give them a price determined by their information. This eliminates the need for quote requests for each company you want a rate for.

To submit your quote information now, click here to open in new window.

The one disadvantage to getting quotes like this is you can’t choose which companies you want pricing from. So if you want to select specific providers to compare, we have assembled a list of auto insurance companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but make absolute certain that you use the exact same information for each price quote. If you compare differing limits then you won’t be able to truly determine the lowest rate. Just slight variations in insurance coverages may cause a big price difference. And when comparison shopping, comparing more rates from different companies helps locate more affordable insurance. Not every company does price estimates online, so you need to compare rates from the smaller companies as well.

Lower-cost insurance coverage rates with discounts

Companies don’t necessarily list the entire discount list in a way that’s easy to find, so we break down some of the more common and the more hidden discounts you could be receiving when you buy insurance online.

  • Drive Less and Save – Low mileage vehicles could be rewarded with slightly better insurance coveragerates than normal.
  • Theft Deterent Discount – Anti-theft and alarm system equipped vehicles prevent vehicle theft and qualify for as much as a 10% discount.
  • Seat Belts Save – Drivers who require all occupants to buckle their seat belts can save 10% or more off the PIP or medical payment premium.
  • Discount for Passive Restraints – Factory air bags and/or automatic seat belt systems could see savings of more than 20%.
  • Own a Home and Save – Owning a home can get you a discount since owning and maintaining a home shows financial diligence.

As a sidenote, some credits don’t apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability and collision coverage. Just because it seems like all the discounts add up to a free policy, it just doesn’t work that way.

Companies and the discounts they provide can be found below.

  • Progressive may have discounts that include multi-policy, multi-vehicle, continuous coverage, good student, online signing, and online quote discount.
  • Farmers Insurance offers discounts for distant student, switch companies, homeowner, electronic funds transfer, and pay in full.
  • Farm Bureau has savings for good student, youthful driver, renewal discount, multi-policy, 55 and retired, safe driver, and multi-vehicle.
  • State Farm may offer discounts for multiple autos, multiple policy, passive restraint, anti-theft, Drive Safe & Save, student away at school, and safe vehicle.
  • GEICO may include discounts for anti-theft, emergency military deployment, membership and employees, good student, daytime running lights, and five-year accident-free.
  • SAFECO discounts include anti-theft, teen safety rewards, teen safe driver, anti-lock brakes, and multi-car.
  • Liberty Mutual offers discounts including newly retired, new move discount, new graduate, teen driver discount, exclusive group savings, good student, and safety features.

Before purchasing a policy, check with every insurance company to give you their best rates. Some discounts listed above may not be offered in your area. To see insurance coverage companies with the best insurance coverage discounts, click here to view.

Tailor your insurance coverage to you

When buying adequate coverage for your vehicles, there is no perfect coverage plan. Every situation is different.

These are some specific questions may help you determine whether your personal situation will benefit from professional help.

  • How can I find cheaper teen driver insurance?
  • Is a fancy paint job covered?
  • Is rental equipment covered for theft or damage?
  • Should I sign the liability waiver when renting a car?
  • Should I bundle my homeowners policy with my auto?
  • Do I need replacement cost coverage?
  • Exactly who is provided coverage by my policy?
  • When should I not file a claim?
  • What if I total my 2015 Lexus IS 250 and owe more than it’s worth?
  • Do I need higher collision deductibles?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, complete this form.

Learn about insurance coverages for a 2015 Lexus IS 250

Having a good grasp of your insurance policy aids in choosing appropriate coverage for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Liability coverages

This coverage will cover damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims like loss of income, funeral expenses and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for bills for doctor visits, X-ray expenses and chiropractic care. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2015 Lexus IS 250.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these coverages are identical to your policy’s liability coverage.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as colliding with a tree, crashing into a ditch and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as fire damage, a broken windshield, hitting a bird and vandalism. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.