Tightwads Guide to Insuring a Lexus IS 250
If comparing car insurance was easy, most of us would do it more often. Unfortunately, it's not always as easy as it sounds to get the best rate. Buying insurance on your Lexus IS 250 might leave you feeling the same way.
Step One: Compare Multiple Rates
The old-fashioned method of shopping for car insurance included visiting several local insurance agents and being on the receiving end of a hard sell tactic. But now you can eliminate that hassle and buy online!
The first step to finding lower Lexus IS 250 rates is to get quotes from all the major car insurance companies. This is fast and easy and only requires you to complete one form.
To compare rates now, have your current policy handy (if you have one) and click the link below. Complete the short form and move on to step two.
Quoting Tip! The only way to compare rates from multiple companies is to use identical coverage amounts and deductibles on each quote. If you use different limits on quotes, you cannot accurately determine which company has the best rates for your IS 250.
Step Two: Tricks to Saving Money on IS 250 Insurance
After completing step one above, you can now learn some of the other ways to slash your IS 250 insurance costs.
- You can definitely expect to pay a little more for insurance due to the performance level of your Lexus IS 250. Vehicles with less power and speed tend to cost less to insure.
- If you car makes the top ten list of most stolen cars, you might be paying a little extra to insure it.
- The more a vehicles costs new, the more likely it is that repairs will cost more as well. Since the IS 250 is a luxury sport vehicle insurance will cost a little more.
- If you're over the age of 55, check to see if you qualify for a senior citizen discount. Qualification age may vary by company
- If cheap insurance is your goal, then the IS 250 is maybe not your best choice of vehicle. Sport cars cost more to insure even if you're a good driver.
- Safety features such as passive restraints and air bag systems help reduce injuries in and accident, and car insurance companies will charge lower rates if these features are present.
- If you've recently completed a driver's training or safety course, tell your insurance company. You may qualify for a 5-10% discount.
- Filing too many claims with your company can end up either costing you more for insurance or having your policy cancelled. Insurance companies don't like paying any more than you do, but they have the option of whether to keep you as a policyholder or not.
- Having any gaps in coverage (known as a lapse) is bad in the eyes of any insurance company. Make sure you keep coverage in force at all times by synchronizing the expiration and effective dates of your policies.
- Car insurance rates for a teen driver on a Lexus IS 250 will be expensive no matter what kind of coverage you have. But if you don't need comprehensive and collision, consider dropping those to save money.
- Homeowners often see a break on their car insurance rates because there is a correlation between owning a home and being a responsible driver.
- Speeding and other minor violations can impact your car insurance rates for up to three years. The increased cost can easily exceed the fine and court costs for the original ticket.
- Check your credit rating each year and address any problem areas. Higher credit scores mean lower car insurance rates.
- One of the easiest ways to cut your rates is to increase your comprehensive and collision deductibles. By having a higher deductible like $500 or even $1,000, you can save 30% or more on physical damage coverage.
Step Three: Make an Informed Buying Decision
It's time to make a purchase decision based on your rate comparisions and and any policy coverage changes you wish to make. Once you are comfortable with the cost and coverages, you can finalize your purchase by paying your premium down payment.
On your new policy, double check that the effective date is the same as the date you are cancelling your old policy. This avoids any lapse in coverage which can cause an increase in your rates.
Any time you buy a new vehicle, make sure you have car insurance in place, either from an existing policy or a new policy that you purchase from the dealership floor. The coverage extended to an add-on vehicle is only as good as the coverage on existing vehicles, so if none of your current insured vehicles have full coverage, your new IS 250 won't have it either. So in that case, it's important to call your agent or company directly from the dealership and have them bind coverage immediately.
Upon completion of buying your policy, you need to print out the financial responsibility card that must be kept in your vehicle at all times. Replace any old cards and promptly replace expired cards. If you are required to file an SR-22 with your state, your new insurance company will take care of that for you. If you cancel your coverage for any reason, you risk the loss of your driver's license.
Other Insurance Resources
To read more about topics such as how to file a claim, replacement auto parts and mistakes to avoid, visit the Insurance Information Institute website.