Do you want a faster way to compare more affordable Lexus IS 350 insurance in Irvine? Trying to find the cheapest insurance for a Lexus IS 350 in California can normally be a lot of work, but you can follow these tips and make it easy. There is a right way and a wrong way to shop for insurance and you need to know the best way to price shop coverage for a Lexus and get the cheapest rates.
Buying the cheapest auto insurance in Irvine is quite easy. If you have a current auto insurance policy or want to find a cheaper company, use these techniques to find better prices while maximizing coverage. Consumers just need to understand the quickest method to compare prices online.
The method we recommend to compare rates for Lexus IS 350 insurance in Irvine is to know almost all companies will pay a fee to give rate comparisons. The one thing you need to do is give the companies some data including your education level, if you’re married, which vehicles you own, and if the car is leased. Your details is instantly submitted to all major companies and they return cost estimate instantly.
To find the cheapest car insurance rates, click here and find out if lower rates are available in Irvine.
The providers in the list below provide free quotes in California. To locate the cheapest car insurance in Irvine, we suggest you visit several of them to get the best price comparison.
Statistics and details
The coverage information displayed below outlines different rate quotes for Lexus IS 350 models. Learning how policy premiums are formulated can be valuable when making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $412 | $960 | $500 | $30 | $150 | $2,052 | $171 |
| IS 350 C 2-Dr Convertible | $412 | $960 | $500 | $30 | $150 | $2,052 | $171 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in specific location information which can affect prices significantly.
Deductible analysis
When buying auto insurance, a common question is what deductibles to buy. The tables below may aid in understanding the price difference when you choose different physical damage deductibles. The first rate table uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $478 | $932 | $442 | $26 | $132 | $2,035 | $170 |
| IS 350 C 2-Dr Convertible | $478 | $932 | $442 | $26 | $132 | $2,035 | $170 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $266 | $490 | $442 | $26 | $132 | $1,356 | $113 |
| IS 350 C 2-Dr Convertible | $266 | $490 | $442 | $26 | $132 | $1,356 | $113 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase coverage prices substantially.
Based on the figures above, using a $100 deductible will cost you about $57 more each month or $684 each year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at least 16 months between claims, you would save more money by selecting a higher deductible.
Rate comparison of full coverage and liability-only
The illustration below illustrates the difference between Lexus IS 350 insurance rates with full physical damage coverage compared to only buying liability only. The premium estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.
Deciding between full coverage and liability only
There isn’t a written rule of when to exclude comp and collision coverage, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s pretend your Lexus IS 350 claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after the deductible is paid. If you are currently paying more than $400 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few cases where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Three reasons to not skimp on insurance
Despite the high insurance cost for a Lexus IS 350 in Irvine, maintaining insurance is required for several reasons.
- Most states have minimum liability requirements which means the state requires a specific minimum amount of liability insurance coverage if you don’t want to risk a ticket. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your IS 350, more than likely the lender will force you to have physical damage coverage to guarantee payment of the loan. If the policy lapses, the lender may insure your Lexus at a significantly higher premium and force you to reimburse them a much higher amount than you were paying before.
- Insurance preserves your Lexus and your assets. Insurance will pay for hospital and medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of having insurance are definitely more than the cost, especially if you ever need it. On average, a vehicle owner in Irvine is wasting up to $855 a year so it’s very important to do a rate comparison every year to ensure rates are competitive.
Five Tips to Get Lower-cost Irvine Insurance Prices
Multiple criteria are part of the calculation when you quote your car insurance policy. Most are fairly basic like a motor vehicle report, but some are not as apparent such as your marital status or how safe your car is. The best way to find cheaper car insurance is to take a look at some of the elements that are used to determine your car insurance rates. When you know what positively or negatively determines base rates, this allows you to make educated decisions that can earn you lower rates.
Car and home together may be cheaper – The majority of car insurance companies apply a discount to policyholders who consolidate policies with them such as combining an auto and homeowners policy. If you currently are using one company, it’s in your best interest to compare other Irvine IS 350 insurance rates to ensure the best deal. Consumers may save even more by buying from different companies
Save money with theft deterrents – Choosing a vehicle that has an advanced theft prevention system can help lower your rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop your car from being stolen.
Liability insurance preserves assets – Your car insurance policy’s liability coverage is the protection if ever a court rules you are at fault for personal injury or accident damage. It provides legal defense coverage which can cost a lot. Liability is cheap compared to comp and collision, so buy as much as you can afford.
Drivers with good credit save – Having a bad credit score is a large factor in calculating your premium rate. If your credit history is low, you could potentially save money when insuring your Lexus IS 350 by repairing your credit. Consumers who have excellent credit tend to be better risks to insure as compared to drivers with poor credit scores.
Low mileage costs less – Driving a lot of miles annually the higher your rate. The majority of insurers calculate prices determined by how the vehicle is used. Autos that are left in the garage can get a lower rate than those used for commuting. An incorrectly rated IS 350 may be wasting your money. It’s a smart idea to ensure your car insurance policy correctly shows the correct usage.
Lexus IS 350 claim probability – Insurers include the past claim history for a vehicle to help calculate premium prices. Models that historically have higher claim frequency or loss amount will cost more for coverage. The table below illustrates the historical loss data for Lexus IS 350 vehicles.
For each insurance policy coverage type, the loss probability for all vehicles averaged together is equal to 100. Values below 100 suggest a positive loss record, while numbers shown that are more than 100 point to more frequent losses or statistically larger losses.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lexus IS 350 4dr 2WD | 165 | 88 | 186 | 101 | ||
| Lexus IS 350 4dr 4WD | 200 | 72 | 206 | |||
| Lexus IS 350 Convertible | 98 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Determine discounts on Irvine car insurance
Car insurance is not cheap, but you might already qualify for some discounts that can drop the cost substantially. Certain reductions will be credited at quote time, but a few must be inquired about before you get the savings.
- Low Mileage Discounts – Fewer annual miles on your Lexus could be rewarded with discounted car insurance rates on garaged vehicles.
- Discount for Home Ownership – Just being a homeowner can save a few bucks because owning a home is proof that your finances are in order.
- Discount for Multiple Policies – If you combine your auto and home policies and insure them both with the same insurance company they may give you a discount of nearly 15% which can help you find cheap IS 350 insurance.
- Military Discounts – Being on active duty in the military may lower your prices slightly.
- Accident Waiver – This one is not really a discount per se, but some insurance companies will forgive one accident before hitting you with a surcharge if your claims history is clear for a certain period of time.
- Student Discounts – Maintaining excellent grades can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
- Driver Education Discount – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class in school or through a local driver safety program.
- Memberships – Having an affiliation with a civic or occupational organization in Irvine may earn a discount on your bill.
- Save with a New Car – Insuring a new IS 350 can save up to 30% since new model year vehicles have better safety ratings.
- Air Bags and Passive Restraints – Factory air bags and/or automatic seat belt systems may qualify for discounts of more than 20%.
Please keep in mind that most discount credits are not given to the entire cost. Most cut specific coverage prices like comp or med pay. So even though they make it sound like all those discounts means the company will pay you, it’s just not the way it works.
The diagram below shows the comparison of Lexus IS 350 insurance rates with and without discounts being applied to the rates. The premiums are based on a male driver, no claims or violations, California state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, safe-driver, multi-car, and marriage discounts applied.
To see a list of companies that offer some of these discounts in California, click here.
There’s no such thing as the perfect insurance policy
When quoting and choosing the best insurance coverage, there isn’t really a single plan that fits everyone. Your situation is unique so your insurance needs to address that.
For instance, these questions may help highlight if your insurance needs may require specific advice.
- Which companies will insure high-risk drivers?
- Are my friends covered when driving my car?
- Does coverage extend to my business vehicle?
- Do I need special coverage while pulling a rented trailer?
- Can my teen drive my company car?
- Can I pay claims out-of-pocket if I buy high deductibles?
- Do I pay less if my vehicle is kept in my garage?
- If my car is totaled with they pay enough to replace it?
- Will damage be repaired with OEM parts?
- What if I owe more than I can insure my car for?
If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.
Shop online but buy locally
Certain consumers just prefer to go talk to an agent and that can be a smart move Insurance agents can make sure you are properly covered and help file insurance claims. One of the best bonuses of comparing rate quotes online is you may find better rates and still choose a local agent.
To help locate an agent, after submitting this form (opens in new window), your information is submitted to insurance agents in Irvine who will give competitive quotes for your insurance coverage. You don’t have to contact an agency as quotes are delivered immediately to your email address. If you need to compare rates for a specific company, you just need to search and find their rate quote page and fill out the quote form the provide.
Deciding on an insurance company should include more criteria than just a low price. Any good agent in Irvine should know the answers to these questions.
- Is there a local claims center in Irvine?
- How much will you save each year by using a higher deductible?
- What is the financial rating for the quoted company?
- Are they able to provide referrals?
- What company holds the largest book of business for them?
- Are they actively involved in the community?
- How often do they review coverages?
Not all auto insurance agents are the same
When looking for a reputable insurance agent or broker, you must know there are a couple different types of agencies and how they can write your policy. Insurance agents in Irvine can be categorized as either independent or exclusive. Both can sell insurance policies, but it’s good to learn the subtle differences because it can influence the type of agent you choose.
Exclusive Insurance Agencies
Exclusive agents generally can only insure with one company like State Farm or Allstate. These agents are unable to provide rate quotes from other companies so you might not find the best rates. Exclusive agents receive a lot of sales training on what they offer which helps offset the inability to provide other markets. Many people purchase coverage from exclusives partially due to the prominence of the brand rather than having low rates.
Below is a list of exclusive insurance agencies in Irvine willing to provide price quotes.
- Chris Barr – State Farm Insurance Agent
17802 Irvine Blvd a121 – Tustin, CA 92780 – (714) 544-2558 – View Map - Farmers Insurance – Charmaine Lim
20 Pacifica #1450 – Irvine, CA 92618 – (949) 387-9999 – View Map - Rich Stevens – State Farm Insurance Agent
4482 Barranca Pkwy #224 – Irvine, CA 92604 – (949) 552-6601 – View Map
Independent Insurance Agencies
Independent agencies do not have single company limitations and that gives them the ability to insure amongst many companies and find you cheaper rates. If they find a cheaper price, they simply switch companies in-house which makes it simple for you. When comparing insurance prices, it’s recommended you get some free quotes from at a minimum one independent agency to get the best comparison. A lot of them also have access to companies that do not advertise much which can be an advantage.
Below is a short list of independent insurance agents in Irvine that can give you rate quotes.
- Morning Star Agency Insurance Services Incorporated
1340 Reynolds Ave #103 – Irvine, CA 92614 – (949) 833-2030 – View Map - Isu Insurance Services Irvine
18022 Cowan Ste 225 – Irvine, CA 92614 – (949) 419-2100 – View Map - Ryan Hoherd, AFLAC Insurance Agent: Orange County, Long Beach, Riverside County
2770 S Harbor Blvd – Santa Ana, CA 92704 – (562) 212-3290 – View Map
One last thing to lower rates
You just read a lot of techniques to reduce Lexus IS 350 insurance prices online in Irvine. The key thing to remember is the more times you quote, the better your comparison will be. Drivers may even discover the best price on car insurance is with a small local company. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.
Affordable Lexus IS 350 insurance in Irvine is possible from both online companies and from local agencies, and you should be comparing both to have the best chance of lowering rates. Some insurance providers may not provide internet price quotes and these small insurance companies only sell through independent insurance agents.
Steps to buying cheaper Lexus IS 350 insurance in Irvine
It takes a little time, but the best way to get the cheapest car insurance rates is to regularly compare price quotes from providers in Irvine.
Step 1: Gain an understanding of how insurance companies determine prices and the factors you can control to prevent expensive coverage. Many policy risk factors that result in higher prices like accidents, traffic tickets, and a bad credit rating can be eliminated by making small lifestyle or driving habit changes.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can quote prices from multiple sources. Click to view companies
Step 3: Compare the new rates to your current policy premium to see if a cheaper price is available. If you can save money and switch companies, ensure coverage does not lapse between policies.
Step 4: Notify your company or agent to cancel your current car insurance policy and submit a down payment along with a completed application for your new coverage. As soon as you receive it, safely store the certificate verifying coverage in your vehicle.
A key point to remember is that you use identical deductibles and limits on every quote and and to get price quotes from every company you can. This helps ensure an apples-to-apples comparison and a thorough price selection.
More resources
- Insuring a Leased Car (Insurance Information Institute)
- What Car Insurance is Cheapest for 19 Year Olds in Irvine? (FAQ)
- Who Has the Cheapest Irvine Auto Insurance Quotes for Low Mileage Drivers? (FAQ)
- Who Has Cheap Auto Insurance for Good Drivers in Irvine? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Driving in Bad Weather (Insurance Information Institute)