How Much Does 2013 Lexus IS 350 Car Insurance Cost in 2024?

Searching for cheaper insurance coverage rates for your Lexus IS 350? I can’t think of a single person who looks forward to paying premiums for insurance coverage, particularly when they are paying too much.

Many car insurance companies compete for your hard-earned dollar, so it’s not easy to compare every insurer and uncover the absolute best rates possible.

It is always a good idea to get comparison quotes every six months since rates are variable and change quite frequently. Even if you got the lowest premium rates for IS 350 coverage a year ago you may be paying too much now. Block out anything you think you know about insurance coverage because you’re about to learn how to use online quotes to properly buy coverages while reducing your premium.

If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using these tips. Finding the best rates is not rocket science. But consumers must comprehend the methods companies use to price online insurance and take advantage of how the system works.

How car insurance companies calculate Lexus IS 350 insurance prices

A large part of saving on car insurance is knowing the rating factors that help calculate the rates you pay for car insurance. If you have some idea of what determines premiums, this enables informed choices that will entitle you to big savings. Multiple criteria are used when premium rates are determined. A few of the factors are predictable such as your driving history, but others are less apparent such as whether you are married or your vehicle rating.

The list below includes some of the items that factor into your rate level.

• Is car insurance cheaper for males or females? – Over the last 30 years, statistics show that females take fewer risks when driving. However, this does not mean men are WORSE drivers than women. Women and men cause at-fault accidents at about the same rate, but males have costlier accidents. Not only are claims higher, but men get more serious tickets such as reckless driving. Teenage male drivers generally have the highest accident percentage and thus pay the highest rates.
• Low credit rating equals high rates – Your credit history can be a huge factor in determining your rates. Drivers with excellent credit scores tend to be more responsible than those with poor credit. If your credit history leaves room for improvement, you could pay less to insure your 2013 Lexus IS 350 by repairing your credit.
• Don’t get traffic citations – Even a single moving violation can increase the cost of insurance twenty percent or more. Good drivers tend to pay less for car insurance as compared to careless drivers. Drivers who have gotten dangerous violations such as reckless driving, hit and run or driving under the influence might be required by their state to complete a SR-22 with their state’s licensing department in order to continue driving.
• Your location is important – Having an address in smaller towns and rural areas of the country is a positive aspect when talking about car insurance. Less people living in that area translates into fewer accidents as well as less vandalism and auto theft. Drivers in populated areas tend to have traffic congestion and higher rates of accident claims. Spending more time driving means higher likelihood of an accident.
• Raising physical damage deductibles saves money – The deductibles define the amount you are willing to pay out-of-pocket if the claim is covered. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of claims that would be covered could be collision with another vehicle, damage caused by hail, and damage caused by road hazards. The larger the amount you have to pay, the lower your rates will be for IS 350 coverage.
• Save miles driven and save money – The more you drive each year the higher the price you pay to insure it. A lot of companies rate vehicles based upon how the vehicle is primarily used. Vehicles that sit idle most of the time get more affordable rates as compared to vehicles used primarily for driving to work. Make sure your car insurance declarations sheet is rated on the correct usage. Incorrect rating for your IS 350 can cost quite a bit.
• Getting married can save on car insurance – Having a spouse may save some money on your policy. Marriage generally demonstrates drivers are more financially stable and statistics show married couples file fewer claims.
• Policy add-ons could be costing you – Insurance policies have a lot of extra add-on coverages that can add up but may not be useful. Things like personal injury protection, accident forgiveness, and extra life insurance coverage are probably not needed. They may sound like good ideas when deciding what coverages you need, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.

Save money with these insurance coverage discounts

Car insurance is not cheap, but you might find some hidden discounts that you may not even be aware of. Some discounts will apply at quote time, but a few need to be inquired about prior to receiving the credit.

• Anti-theft System – Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.
• Drivers Education – Require your teen driver to successfully complete driver’s ed class as it will make them better drivers and lower rates.
• Defensive Driving Course – Taking part in a course teaching driver safety skills may get you a small discount depending on where you live.
• Discount for Good Grades – This discount can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
• Fewer Miles Equal More Savings – Low mileage vehicles may enable drivers to earn better insurance coverage rates on cars that stay parked.
• Active Military Service – Having a family member in the military can result in better insurance coverage rates.
• Discounts for Federal Employees – Simply working for the federal government can save as much as 8% for IS 350 coverage with a few insurance coverage companies.

Keep in mind that most credits do not apply to the entire policy premium. Most only apply to specific coverage prices like liability, collision or medical payments. Even though the math looks like you can get free auto insurance, you aren’t that lucky.

Larger insurance coverage companies and a partial list of their discounts are:

• Farm Bureau offers discounts for youthful driver, safe driver, renewal discount, good student, 55 and retired, and multi-vehicle.
• Liberty Mutual offers discounts including newly retired, teen driver discount, exclusive group savings, newly married, good student, preferred payment discount, and new graduate.
• State Farm has discounts for driver’s education, defensive driving training, safe vehicle, multiple policy, accident-free, anti-theft, and Drive Safe & Save.
• Auto-Owners Insurance has savings for mature driver, safe vehicle, paid in full, multiple vehicles, and company car.
• GEICO offers premium reductions for multi-vehicle, federal employee, anti-lock brakes, daytime running lights, driver training, membership and employees, and emergency military deployment.
• SAFECO may offer discounts for accident prevention training, anti-theft, multi-car, anti-lock brakes, teen safe driver, and drive less.

If you need lower rates, check with all the companies which discounts can lower your rates. Depending on the company, some discounts might not be offered in every state. For a list of insurance coverage companies with significant discounts, enter your zip code here.

Insurance coverage can get complicated

When choosing proper insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that may help highlight whether you could use an agent’s help.

• What is the difference between comprehensive and collision coverage?
• Should I waive the damage coverage when renting a car?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Can I drive in Mexico and have coverage?
• Am I covered if I crash into my own garage door?
• Am I covered when using my vehicle for business?
• Are all vehicle passengers covered by medical payments coverage?
• Why am I be forced to buy a membership to get insurance from some companies?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and enter your zip code.

Information about specific coverages

Learning about specific coverages of auto insurance can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on the average auto insurance policy.

Liability

Liability insurance can cover injuries or damage you cause to a person or their property. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability can pay for things such as bail bonds, medical expenses, pain and suffering, structural damage and emergency aid. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Auto collision coverage

This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like colliding with a tree, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Coverage for medical expenses

Med pay and PIP coverage pay for expenses for things like chiropractic care, EMT expenses, rehabilitation expenses, doctor visits and ambulance fees. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for uninsured or underinsured drivers

This provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Lexus IS 350.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Comprehensive auto insurance

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like hail damage, damage from a tornado or hurricane, damage from getting keyed and fire damage. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Stretch your dollar

In this article, we presented a lot of information how to compare 2013 Lexus IS 350 insurance car insurance rates online. It’s most important to understand that the more rate quotes you have, the better your comparison will be. Drivers may discover the biggest savings come from a lesser-known regional company. Regional companies may cover specific market segments cheaper as compared to the big name companies such as GEICO and State Farm.

Cheaper insurance coverage can be found both online in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies do not provide online rate quotes and usually these regional carriers provide coverage only through independent agents.