Sadly, almost 70% of drivers have remained with the same car insurance company for over three years, and roughly 40% of drivers have never even compared quotes to find cheaper rates. California drivers could pocket nearly $470 a year just by shopping around, but they mistakenly think it’s difficult to compare rates.
If saving money is your primary concern, then the best way to find better pricing on Lexus IS 250 insurance is to do an annual price comparison from insurance carriers who sell auto insurance in Fresno.
- First, try to learn a little about how your policy works and the things you can control to keep rates down. Many policy risk factors that increase rates such as traffic citations and bad credit can be eliminated by making minor driving habit or lifestyle changes.
- Second, request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can provide rate quotes from multiple companies.
- Third, compare the new rate quotes to your current policy premium to determine if you can save on IS 250 insurance in Fresno. If you can save money and buy the policy, make sure coverage is continuous and does not lapse.
- Fourth, give proper notification to your current agent or company of your decision to cancel your current auto insurance policy. Submit a down payment and signed policy application for the new policy. Make sure you put the new certificate verifying coverage with your vehicle’s registration.
One thing to point out is that you’ll want to compare identical coverage information on every quote and to quote with every company you can. This provides an apples-to-apples comparison and maximum price selection.
If you’re already insured or want to find a cheaper company, take advantage of these tips to lower your rates while maximizing coverage. Finding the cheapest auto insurance coverage in Fresno can really be easy if you know what you’re doing. You just have to know the most efficient way to shop over the internet.
Lexus IS 250 insurance charts and tables
The coverage information shown below covers detailed analysis of prices for Lexus IS 250 models. Having a good grasp of how insurance policy rates are formulated can be of help when making smart choices when selecting a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|IS 250 4-Dr Sedan||$440||$780||$492||$30||$148||$1,890||$158|
|IS 250 AWD 4-Dr||$490||$780||$492||$30||$148||$1,940||$162|
|IS 250 C 2-Dr Convertible||$490||$780||$578||$34||$174||$2,056||$171|
|Get Your Own Custom Quote Go|
Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Table data does not factor in your specific Fresno location which can revise price quotes considerably.
Impact of speeding/accidents on Fresno auto insurance rates
The chart below shows how speeding tickets and fender-benders can drive up Lexus IS 250 insurance premiums for different age groups of insureds. The data assumes a married male driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
Rate comparison of full coverage and liability-only
The illustration below shows the difference between Lexus IS 250 insurance rates with full coverage and liability only. The premium estimates are based on no tickets, no at-fault accidents, $1,000 deductibles, single marital status, and no additional discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no written rule to stop paying for full coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s say your Lexus IS 250 replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after the deductible is paid. If you are paying over $400 annually for full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where only buying liability is not financially feasible. If you haven’t paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
Car insurance coverages 101
Understanding the coverages of a car insurance policy can help you determine which coverages you need and the correct deductibles and limits. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages offered by car insurance companies.
This coverage covers damage to your IS 250 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for things such as crashing into a ditch, crashing into a building, scraping a guard rail and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible on your IS 250 to save money on collision insurance.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Lexus IS 250.
Because many people only purchase the least amount of liability that is required (which is 15/30/5), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
This coverage provides protection from damage or injury you incur to other people or property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 15/30/5 which stand for a limit of $15,000 per injured person, a total of $30,000 of bodily injury coverage per accident, and property damage coverage for $5,000.
Liability can pay for claims like attorney fees, medical expenses and loss of income. The amount of liability coverage you purchase is your choice, but buy as much as you can afford. California state law requires minimum liability limits of 15/30/5 but you should think about purchasing higher limits.
The next chart demonstrates why buying minimum limits may not provide you with enough coverage.
Medical expense coverage
Coverage for medical payments and/or PIP pay for expenses such as hospital visits, ambulance fees and surgery. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like damage from getting keyed, a broken windshield, a tree branch falling on your vehicle, hail damage and rock chips in glass. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Keep this in mind when shopping around
In this article, we presented a lot of information how to compare Lexus IS 250 insurance prices in Fresno. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding affordable Lexus IS 250 insurance quotes. Consumers may even find the lowest prices are with a company that doesn’t do a lot of advertising. These companies may often insure only within specific states and give better rates compared to the large companies like Allstate and Progressive.
As you shop your coverage around, do not reduce needed coverages to save money. There are too many instances where an insured dropped liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase a proper amount of coverage at the best possible price while still protecting your assets.
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