Best Ways to Save on Lexington Lexus IS 250 Insurance

Nobody that owns a car likes having to buy auto insurance, particularly when the cost is too high.

Anyone knows that auto insurance companies don’t want their policyholders to compare prices. People who shop around for cheaper price quotes are very likely to buy a different policy because they stand a good chance of finding more affordable rates. A recent auto insurance study discovered that consumers who shopped around every year saved as much as $3,500 over four years compared to drivers who never shopped around for lower prices.

If finding the lowest rates on auto insurance in Lexington is your ultimate target, knowing how to get free comparison quotes and analyze auto insurance can make the process more efficient.

Insurance companies such as GEICO, 21st Century and Progressive persitently shower you with ads and it is challenging if not impossible to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

It’s a good idea to compare premium rates at least once a year since insurance prices tend to go up over time. Just because you found the lowest price on Lexus IS 250 insurance in Lexington two years ago other companies may now be cheaper. There is a lot of bad advice regarding IS 250 insurance online but you can learn the best ways to reduce your auto insurance bill.

When shopping for Lexus IS 250 insurance in Lexington there are multiple ways of comparing rates from different companies. The fastest way to find affordable Lexus IS 250 insurance rates consists of shopping online.

Doing online rates comparisons is so easy that it takes the place of having to spend time driving to insurance agencies in your area. Shopping for insurance online makes this unnecessary unless you’re the type of person who wants the trained advice that only a licensed agent can provide. Although, it is possible get the lowest quotes online but have a local agent actually write the policy.

Just remember that more quotes will enable you to find a lower rate than you’re paying now.

The following companies are our best choices to provide free quotes in Kentucky. To buy cheaper car insurance in KY, we recommend you compare several of them to find the most affordable car insurance rates.

Insurance statistics for a Lexus IS 250

The rate table displayed next showcases estimates of insurance premium costs for Lexus IS 250 models. Knowing how insurance rates are figured helps drivers make decisions when shopping around.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Price estimates do not factor in garaging location in Lexington which can affect premium rates substantially.

How high should deductibles be?

The hardest decision when buying coverage is which deductibles should you choose. The rates below highlight the costs and benefits when you choose different physical damage coverage deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second data table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Information does not factor in vehicle garaging location which can modify coverage prices substantially.

Using the premium rates above, we can conclude that using a $250 deductible costs approximately $30 more each month or $360 each year across all Lexus IS 250 models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 25 months between claim filings, you would save more money if you elect the higher deductible.

The chart below shows how different deductible levels and can impact Lexus IS 250 premium costs for different age categories. The data assumes a married female driver, comprehensive and collision coverage, and no discounts are applied.

How careless driving impacts insurance rates

The example below demonstrates how speeding tickets and at-fault claims impact Lexus IS 250 insurance premiums for each different age group. The data assumes a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

Difference between full coverage and liability only rates

The illustration below shows the comparison of Lexus IS 250 insurance costs with full coverage and liability only. The rates are based on no claims or driving violations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

When to eliminate full coverage

There is no clear-cut formula for dropping full coverage, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your Lexus IS 250 replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after the deductible is paid. If it’s costing you more than $200 annually for full coverage, then it may be the right time to buy liability only.

There are some situations where buying only liability insurance is not in your best interest. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not buy liability only.

It’s not one size fits all

Always keep in mind that when comparing your policy for your personal vehicles, there is no “perfect” insurance plan. Your needs are unique to you.

For instance, these questions may help highlight if you would benefit from an agent’s advice.

• Who is covered when they drive my Lexus IS 250?
• Am I covered when driving on a suspended license?
• How can I get the company to pay a claim?
• Is pet coverage available?
• What is the premium to book value ratio for dropping full coverage?
• Is my teenager covered with friends in the car?
• Am I covered if I hit someone who is not insured?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form.

Comparing rates from local Lexington car insurance agents

Some consumers still like to go talk to an agent and there is nothing wrong with that. The biggest benefit of getting free rate quotes online is the fact that drivers can get the lowest rates and still have an agent to talk to.

To find an agent, once you fill out this short form, your insurance coverage information is transmitted to local insurance agents in Lexington who will gladly provide quotes and help you find cheaper coverage. It’s much easier because you don’t need to leave your computer because prices are sent to you instantly. You can get cheaper auto insurance rates without requiring a lot of work. If you need to compare rates from a specific auto insurance provider, you would need to visit that company’s website and complete a quote there.

Choosing the best provider shouldn’t rely on just the quoted price. A good agent in Lexington will have answers to these questions.

• What company holds the largest book of business for them?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
• Does the quote include credit and driving reports?
• Who are their largest clients?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Will they take your side in the event of a claim?