Having to pay for overpriced Lexus IS 250 insurance in Irvine can overdraw your monthly budget and make it tough to pay other bills. Getting a rate comparison is an excellent way to ensure you are getting the best deal.
We don’t have to point out that fact that car insurance companies don’t want customers comparing rates. Consumers who compare other rates will, in all likelihood, buy a different policy because there is a good chance of finding a policy with more affordable rates. A recent survey found that people who compared prices regularly saved as much as $70 a month compared to policyholders who don’t regularly compare prices.
If finding the most affordable Lexus IS 250 insurance is your objective, knowing how to find and compare coverage rates can help you succeed in saving money.
Steps to finding cheaper quotes for Lexus IS 250 insurance in Irvine
The best way we recommend to get budget Lexus IS 250 insurance in Irvine is to compare prices regularly from companies that insure vehicles in California. Rates can be compared by following these guidelines.
- Step 1: Take a few minutes and learn about how insurance companies determine prices and the steps you can take to prevent expensive coverage. Many factors that increase rates like careless driving and an unacceptable credit rating can be rectified by making minor changes to your lifestyle. Later in this article we will cover instructions to help keep prices low and earn a bigger discount.
- Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like Progressive or Allstate, while independent agents can give you price quotes from multiple sources. Get quotes now
- Step 3: Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you can save some money and decide to switch, ensure coverage does not lapse between policies.
A good piece of advice is that you’ll want to compare similar limits and deductibles on every quote and to quote with as many carriers as you can. Doing this ensures a level playing field and the best rate selection.
Companies like Allstate, Progressive and GEICO constantly bombard you with fancy advertisements and it can be hard to see through the cute green geckos and mayhem and do the work needed to find the best deal.
Consumers should take time to get comparison quotes as often as possible due to the fact that insurance rates are constantly changing. Just because you had the best deal on Lexus IS 250 insurance in Irvine last year you will most likely find a better price today. You’ll find quite a bit of inaccurate information about IS 250 insurance out there, but in just a couple of minutes you can learn some solid techniques on how to slash your car insurance rates in Irvine.
How Your IS 250 Insurance Prices are Determined
Many things are part of the calculation when pricing auto insurance. Some factors are common sense such as your driving record, but others are not as apparent like where you live or how financially stable you are.
Never go without auto insurance – Driving without insurance is illegal and you may have a hard time finding new coverage because you let your coverage have a gap. In addition to paying higher rates, failure to provide proof of insurance could result in a license revocation or jail time. You may have to prove you have insurance by filing a SR-22 with the California motor vehicle department.
Adjust deductibles and save – Coverage for physical damage, also known as collision and other-than-collision, covers your vehicle from damage. Some coverage claims would be collision with another vehicle, collision with an animal, and burglary. Deductibles for physical damage state the amount of money you are willing to pay before a claim is paid by your company. The more money you are required to pay out-of-pocket, the lower your rates will be.
Premiums can change based on your address – Living in less populated areas of the country can save you money when buying auto insurance. City drivers tend to have more aggressive driving styles and more time behind the wheel. Fewer drivers means a lower chance of having an accident.
Women pay lower rates – The statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. Women and men are in fender benders in similar numbers, but the men have costlier accidents. Men also statistically get more serious tickets such as reckless driving.
The diagram below visualizes the comparison of Lexus IS 250 annual premium costs for male and female drivers. The rate quotes are based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, single status, and no discounts are factored in.
Getting married brings a discount – Walking down the aisle may cut your premiums when shopping for auto insurance. It means you’re more stable financially and statistics prove married drivers tend to have fewer serious accidents.
Poor credit can mean higher premiums – An insured’s credit rating will be a significant factor in calculating your premium rate. If your credit history leaves room for improvement, you could potentially save money when insuring your Lexus IS 250 by improving your credit score. People that have excellent credit tend to file fewer claims than drivers with poor credit.
Vehicles with better crash test results means better premiums – Vehicles with high crash test scores cost less to insure. Highly rated vehicles protect occupants better and lower rates of occupant injuries means less money paid by your insurance company which can result in lower premiums.
Lower premiums with alarms and GPS tracking – Buying a car that has a built-in theft deterrent system can help lower your premiums. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft and help bring rates down.
Lexus IS 250 historical loss data – Car insurance companies analyze historical claim data when determining insurance costs. Vehicles that are shown to have increased claim numbers or amounts will cost more for specific coverages. The next table illustrates the compiled insurance loss statistics for Lexus IS 250 vehicles.
For each coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is set at 100. Values that are below 100 suggest a positive loss record, while numbers above 100 indicate frequent claims or an increased probability of a larger loss.
|Specific Lexus Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Lexus IS 250 4dr 2WD||179||103||177||116||146||115|
|Lexus IS 250 4dr 4WD||177||87||186||118|
|Lexus IS 250 Convertible||135||80||84|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The quickest method to compare car insurance rates for Lexus IS 250 insurance in Irvine is to take advantage of the fact car insurance companies participate in a system to compare rate quotes. All you need to do is give them some information such as how much coverage you want, how much education you have, driver ages, and which vehicles you own. Those rating factors is instantly provided to insurance companies and they return cost estimate almost instantly.
To get price quotes for your Lexus IS 250 now, click here then complete the form.
The companies shown below provide quotes in California. To find cheap auto insurance in Irvine, we suggest you visit several of them to get the most affordable price.
Lexus IS 250 insurance coverage information
The table shown below showcases different insurance rates for Lexus IS 250 models. Having a better understanding of how insurance prices 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 250 4-Dr Sedan||$234||$564||$454||$26||$136||$1,414||$118|
|IS 250 AWD 4-Dr||$260||$564||$454||$26||$136||$1,440||$120|
|IS 250 C 2-Dr Convertible||$260||$564||$534||$32||$160||$1,550||$129|
|Get Your Own Custom Quote Go|
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Price information does not factor in vehicle garaging location which can lower or raise insurance rates considerably.
Should you raise deductibles?
One frequently asked question is how high or low should comp and collision deductibles be. The following insurance rates sum up how much more you’ll pay between low and high deductibles. The first data table uses a $250 deductible and the second rate table uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|IS 250 4-Dr Sedan||$386||$780||$376||$22||$112||$1,701||$142|
|IS 250 AWD 4-Dr||$430||$780||$376||$22||$112||$1,745||$145|
|IS 250 C 2-Dr Convertible||$430||$780||$442||$26||$132||$1,835||$153|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|IS 250 4-Dr Sedan||$314||$630||$376||$22||$112||$1,454||$121|
|IS 250 AWD 4-Dr||$348||$630||$376||$22||$112||$1,488||$124|
|IS 250 C 2-Dr Convertible||$348||$630||$442||$26||$132||$1,578||$132|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate information does not factor in specific location information which can lower or raise coverage prices noticeably.
Based on the figures above, using a $250 deductible costs roughly $21 more each month or $252 each year across all Lexus IS 250 models than quoting the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you have at a minimum 12 months between claim filings, you would more than likely save some money going with the higher deductible.
Calculation for raising deductibles
|Average monthly premium for $250 deductibles:||$147|
|Average monthly premium for $500 deductibles (subtract):||– $126|
|Monthly savings from raising deductible:||$21|
|Difference between deductibles ($500 – $250):||$250|
|Divide difference by monthly savings:||$250 / $21|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||12 months|
One thing to note is that increasing deductibles to lower your rates means you will have to pay more out-of-pocket when you have a claim. You need enough extra savings in the event you have to pay more to get your vehicle repaired.
Price comparison of only insuring for liability
The illustration below shows the difference between Lexus IS 250 auto insurance costs when comparing full coverage to liability only. The price estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no additional discounts are factored in.
Should you be buying full coverage?
There is no written rule that is best for determining when to drop physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Lexus IS 250 settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after paying your policy deductible. If it’s costing you more than $500 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some cases where removing full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
Protect your vehicle and other assets
Despite the high cost of buying insurance for a Lexus IS 250 in Irvine, paying for car insurance is required for several reasons.
- The majority of states have minimum liability requirements which means you are required to buy a specific minimum amount of liability 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 your Lexus IS 250 has a loan, almost all lenders will make it mandatory that you buy insurance to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank may buy a policy for your Lexus for a much higher rate and force you to pay the higher price.
- Insurance safeguards not only your Lexus IS 250 but also your financial assets. It will also reimburse you for medical bills for both you and anyone you injure as the result of an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If your car is damaged in a storm or accident, your car insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance are definitely more than the cost, particularly when you have a large claim. The average driver in America is overpaying over $825 a year so you should quote rates each time the policy renews to ensure rates are competitive.
Affordable Irvine insurance quotes with discounts
Companies that sell car insurance don’t always advertise all their discounts very clearly, so we researched a few of the more common and the harder-to-find discounts you could be receiving when you buy Irvine car insurance online.
- Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts can qualify for discounts of more than 20%.
- Theft Deterrent – Vehicles equipped with tracking devices and advanced anti-theft systems are stolen less frequently so companies will give you a small discount.
- Multiple Policy Discount – If you can combine your auto and homeowners policy and insure them with the same company you may save as much as 10 to 15 percent.
- Claim Free – Irvine drivers who stay claim-free pay less when compared with accident-prone drivers.
- Irvine Homeowners Pay Less – Being a homeowner can save a few bucks because owning a home demonstrates responsibility.
- Senior Citizen Discount – Older drivers can get a slight reduction on a Irvine car insurance quote.
- Drive Safe and Save – Drivers without accidents can save up to 40% or more on their Irvine car insurance quote than less cautious drivers.
- Low Mileage Discounts – Low mileage vehicles could earn lower rates due to less chance of an accident.
- Early Signing – Select insurance companies give a discount for switching to them prior to your current IS 250 insurance policy expiration. You can save around 10% with this discount.
- Student Discounts – Getting good grades may save as much as 25% on a Irvine car insurance quote. The discount lasts until age 25.
As a disclaimer on discounts, some credits don’t apply to all coverage premiums. Most only reduce the price of certain insurance coverages like liability and collision coverage. Even though it appears having all the discounts means you get insurance for free, insurance companies aren’t that generous.
The example below shows the comparison of Lexus IS 250 insurance costs with and without discounts being applied to the rates. The costs are based on a male driver, no claims or driving citations, California state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, multi-car, safe-driver, and marriage discounts applied.
To locate insurance companies that offer multiple discounts in California, click here to view.
Car insurance is available from local agents
Some consumers would prefer to sit down with an agent and that is recommended in a lot of cases Good insurance agents can help determine the best coverages and help you file claims. One of the benefits of comparing insurance prices online is the fact that drivers can get lower prices and still have a local agent.
For easy comparison, once you complete this short form, your information is transmitted to insurance agents in Irvine who will return price quotes for your insurance coverage. You won’t need to leave your house because quoted prices will be sent directly to your email. If you have a need to quote rates from a specific insurance company, you would need to go to their quote page to submit a rate quote request.
Picking an insurer shouldn’t rely on just the premium amount. These are some questions you should get answers to.
- Can you contact them at any time?
- Do they carry Errors and Omissions coverage?
- Which insurance company do they prefer to write with?
- How many years have they been established?
- How is replacement cost determined on your vehicle?
- Do they have 24-hour customer assistance?
If you want a reliable agent, there are a couple of different types of agencies and how they work. Car insurance policy providers are categorized either independent agents or exclusive agents. Both write car insurance policies, but it’s worth learning how they differ since it can impact the selection process.
Exclusive Car Insurance Agents
Agents in the exclusive channel work for only one company such as State Farm, AAA, Farmers Insurance or Allstate. They generally cannot place coverage with different providers so they have no alternatives for high prices. They are well schooled on their company’s products which can be an advantage.
Shown below is a short list of exclusive agencies in Irvine willing to provide rate quotes.
Mike Stitt – State Farm Insurance Agent
17452 Irvine Blvd #208 – Tustin, CA 92780 – (714) 544-4717 – View Map
Agents that elect to be independent are not locked into one company so they can quote policies with lots of companies and get you the best rates possible. If your premiums go up, the business is moved internally and you don’t have to find a new agent. When searching for an agent, you will definitely want to include at a minimum one independent agency in order to compare the most rates.
Shown below are independent agencies in Irvine who can help you get comparison quotes.
Ryan Hoherd, AFLAC Insurance Agent: Orange County, Long Beach, Riverside County
2770 S Harbor Blvd – Santa Ana, CA 92704 – (562) 212-3290 – View Map
Auto insurance can be complex
Keep in mind that when it comes to choosing your policy, there is no perfect coverage plan. You are unique.
For example, these questions might point out whether your personal situation might need professional guidance.
- Do I have ACV or replacement cost coverage?
- Should I file a claim if it’s only slightly more than my deductible?
- If my Lexus IS 250 is totaled, can I afford another vehicle?
- Am I covered if I break a side mirror?
- Am I covered if I back into my garage door?
- Do they offer discounts for home and auto coverage?
- Why am I required to get a high-risk car insurance policy?
- Exactly who is provided coverage by my policy?
If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.
Persistence will pay off
We just covered a lot of ways to shop for Lexus IS 250 insurance online. The most important thing to understand is the more companies you get auto insurance rates for, the better chance you’ll have of finding the cheapest Lexus IS 250 rate quotes. Consumers could even find that the biggest savings come from some of the lesser-known companies.
When you buy Irvine car insurance online, you should never buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced physical damage coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your objective should be to purchase plenty of coverage at the lowest possible cost while still protecting your assets.
People leave their current company for a number of reasons such as policy cancellation, unfair underwriting practices, policy non-renewal or not issuing a premium refund. It doesn’t matter what your reason, choosing a new company is not as hard as you think.
How to buy lower priced Lexus IS 250 insurance in Irvine
The recommended way to get more affordable Lexus IS 250 insurance in Irvine is to do an annual price comparison from providers who sell insurance in California. Rate comparisons can be done by following these guidelines.
Step 1: Take a little time to learn about individual coverages and the steps you can take to prevent expensive coverage. Many risk factors that cause rate increases like at-fault accidents, careless driving, and a bad credit score can be amended by improving your driving habits or financial responsibility.
Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from one company like Progressive or Farmers Insurance, while independent agencies can give you price quotes for a wide range of companies.
Step 3: Compare the new quotes to the price on your current policy to see if a cheaper rate is available in Irvine. If you find a better price and make a switch, ensure there is no coverage lapse between policies.
Step 4: Provide written notification to your current company of your intention to cancel your current coverage. Submit the required down payment along with the signed application for the new coverage. As soon as you can, put the proof of insurance certificate with your vehicle’s registration.
The key thing to remember is to try to compare identical limits and deductibles on every quote and and to look at as many carriers as you can. Doing this provides an apples-to-apples comparison and a complete price analysis.
Even more information is located in these articles:
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Who Has the Cheapest Car Insurance for a GMC Sierra in Irvine? (FAQ)
- Who Has Affordable Car Insurance for Real Estate Agents in Irvine? (FAQ)
- How Much are Irvine Car Insurance Quotes for Unemployed Drivers? (FAQ)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Car Insurance FAQ (Trusted Choice)