Best Quotes for Lexus IS 250 Insurance in Los Angeles

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Locating budget Los Angeles Lexus IS 250 insurance quotes on the internet may seem to be problematic for people who are new to comparing rates and buying auto insurance online. With such a large number of agents and companies competing online, how are people expected to effectively compare all the different companies and get the best available rates?

Insurance for Lexus IS 250It's hard to believe, but the vast majority of consumers kept their coverage with the same auto insurance company for at least four years, and 38% of drivers have never quoted rates to find affordable coverage. California drivers could save an average of $470 each year just by shopping around, but they don't believe the benefits if they replace their high priced policy.

The intent of this article is to help educate you on the most effective ways to compare rates and also pocket some savings If you're already insured, you will definitely be able to get lower rates using the following tips. Although California vehicle owners can benefit from knowing how companies determine premium rates because rates are impacted by many factors.

It's important to know that comparing more rates from different companies helps increase your odds of locating a lower rate than you're paying now. Some insurance companies are not set up to provide online Los Angeles IS 250 insurance quotes, so you should also compare rates from them, too.

The companies shown below are our best choices to provide quotes in California. If the list has multiple companies, we recommend you visit two to three different companies to get the lowest price.

Insurance rate breakdown

The premium table shown below covers detailed analysis of insurance costs for Lexus IS 250 models. Being aware of how premiums are calculated can assist in making decisions when shopping around.

Lexus IS 250 Insurance Rates in Los Angeles, CA
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
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rates do not factor in specific zip code location which can increase or decrease rates considerably.

Physical damage deductibles

When buying insurance, a common question is how high should the physical damage coverage deductibles be. The premium rates below can help you understand how much more rates are when you choose different coverage deductibles. The first pricing table uses a $250 deductible for physical damage and the second data table uses a $500 deductible.

Lexus IS 250 insurance premium estimates with $250 deductibles
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
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Lexus IS 250 insurance premium estimates with $500 deductibles
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 Customized Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in vehicle garaging location which can increase or decrease coverage prices greatly.

Using the data above, we can ascertain that using a $250 deductible will cost you roughly $21 more each month or $252 for a full year averaged for all IS 250 models than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 12 months between claim filings, you would save money by selecting a higher deductible.

The illustration below demonstrates how choosing different deductibles and can influence Lexus IS 250 insurance costs for each age group. The information is based on a single male driver, comp and collision included, and no discounts are taken into consideration.

Lexus IS 250 liability rates compared to full coverage

The example below shows the comparison of Lexus IS 250 insurance costs with and without physical damage coverage. The costs are based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are taken into consideration.

When to switch to liability coverage only

There is no exact formula of when to stop paying for physical damage insurance, but there is a general school of thought. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let's assume your Lexus IS 250 settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after paying your policy deductible. If it's costing in excess of $300 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are a few cases where removing full coverage is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Insurance policy discounts for Lexus IS 250 insurance in Los Angeles

Companies offering auto insurance do not list all discounts very well, so here is a list a few of the more common and also the lesser-known discounts that you may qualify for.Save money with discounts

  • Use Seat Belts - Drivers who require all occupants to buckle their seat belts can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
  • Accident Forgiveness Coverage - Not really a discount, but companies like Progressive, Allstate, and GEICO allow you one accident without the usual rate increase with the catch being you have to be claim-free for a certain period of time.
  • Discounts for Government Workers - Federal government employees could cut as much as 10% off with some insurance companies.
  • Accident Free - Insureds with no claims or accidents get the best insurance rates as compared to policyholders that have many claims.
  • Active Service Discounts - Being deployed in the military may qualify for rate reductions.
  • Discount for Passive Restraints - Vehicles equipped with air bags may get savings of more than 20%.
  • Driver Safety - Completing a driver safety class may get you a small discount if your company offers it.
  • Anti-lock Brake Discount - Vehicles with anti-lock braking systems have fewer accidents so companies give up to a 10% discount.
  • Discounts for Cautious Drivers - Drivers without accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
  • Bundled Policy Discount - If you insure your home and vehicles with one insurance company you could earn a discount of up to 20% and get you affordable Lexus IS 250 insurance rates in Los Angeles.

Please keep in mind that some of the credits will not apply to the overall cost of the policy. Most cut the cost of specific coverages such as comp or med pay. So when the math indicates you would end up receiving a 100% discount, it just doesn't work that way.

The diagram below compares Lexus IS 250 insurance prices with and without policy discounts. The information is based on a female driver, no tickets, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, safe-driver, claim-free, multi-car, and homeowner discounts applied.

Car insurance companies who might offer most of the discounts above possibly include:

When comparing rates, check with every prospective company what discounts are available to you. Some discounts may not be available in Los Angeles. If you would like to view insurers that offer multiple discounts in Los Angeles, click here to view.

Insurance in California serves several purposes

Despite the high cost, insuring your vehicle serves a purpose in several ways.

  • The majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability insurance in order to drive the car legally. 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 lien on your vehicle, most banks will require you to buy full coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank may insure your Lexus for a much higher rate and force you to reimburse them for it.
  • Insurance preserves not only your Lexus IS 250 but also your assets. It also can pay for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability insurance will also pay to defend you if you are sued as the result of your driving. If you have damage to your Lexus as the result of the weather or an accident, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance more than offset the price you pay, especially for larger claims. As of last year, the average driver in California is overpaying over $855 a year so it's important to compare rates at every renewal to ensure rates are competitive.

How do I know if I need professional advice?

When it comes to the right insurance coverage, there isn't really a single plan that fits everyone. Your situation is unique.Car insurance savings

For instance, these questions can help discover if your insurance needs might need professional guidance.

  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Where can I find DUI or SR-22 insurance?
  • Can my babysitter drive my car?
  • How much liability do I need to cover my assets?
  • When should I not file a claim?
  • Should I sign the liability waiver when renting a car?
  • When does my teenage driver need to be added to my policy?
  • How much underlying liability do I need for an umbrella policy?
  • What does medical payments cover?
  • Is my camper covered by my car insurance policy?

If it's difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, complete this form.

What if I want to buy from local Los Angeles insurance agents?

Many people just prefer to buy from a licensed agent and doing that can be a smart decision A good thing about comparing rates online is that drivers can save money and get cheap insurance quotes and still choose a local agent. And providing support for local agencies is important especially in Los Angeles.

Insurance agents in Los AngelesTo make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is transmitted to local insurance agents who will give competitive quotes and help you find cheaper coverage. You never need to find an agent since price quotes are sent instantly to you. You can most likely find cheaper rates and a licensed agent to talk to. If you want to get a comparison quote from a specific insurance company, you can always jump over to their website and complete a quote there.

How to choose the best car insurance agent in Los Angeles

When narrowing the list to find a good insurance agency, you must know there are a couple types of insurance agents that you can choose from. Insurance agents can be categorized as either exclusive agents or independent agents.

Independent Agencies or Brokers

Agents that elect to be independent are not required to write business for one company so they can insure your vehicles with any number of different companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, your agent can just switch to a different company and you don't have to switch agencies.

If you need cheaper insurance rates, we recommend you get rate quotes from multiple independent agents in order to have the best price comparison. Many can place coverage with additional companies that you may not be familiar with which could offer lower prices.

Shown below are independent insurance agencies in Los Angeles that can give you price quote information.

More Los Angeles agents

Exclusive Agencies

Exclusive agents generally can only insure with one company and some examples include State Farm, Allstate and AAA. These agents are not able to compare other company's rates so they really need to provide good service. They are well trained in insurance sales which helps them sell insurance even at higher premiums. Consumers frequently use the same agent primarily because of the brand name and the convenience of having all coverages with one company.

Below are exclusive insurance agencies in Los Angeles that are able to give price quotes.

More Los Angeles agents

Picking the best auto insurance agent should include more criteria than just a cheap price. Agents should be asked these questions:

  • Are you getting all the discounts the company offers?
  • Is auto insurance their primary focus in Los Angeles?
  • Is there a local claims center in Los Angeles?
  • Can you get a list of referrals?
  • Are they in the agency full-time?
  • How much experience to they have in personal lines coverages?
  • Does the agency have a good rating with the Better Business Bureau?