Best Rates for Lexus IS 350 Insurance in Los Angeles

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Insurance quote for Lexus IS 350 in Los AngelesDo you need a better way to compare more affordable Lexus IS 350 insurance in Los Angeles? Trying to come up with a payment for overpriced auto insurance can overdraw your savings account and possibly require you to analyze your spending habits.

Astonishing but true, the vast majority of drivers renewed their policy with the same company for at least four years, and almost half have never shopped around. Drivers in Los Angeles could save up to 35% a year by just comparing quotes, but they feel it's too difficult to compare rate quotes online. Multiple insurers compete for your hard-earned dollar, so it can be very hard to choose a insurer to find the absolute best price available on Lexus IS 350 insurance in Los Angeles.

You should make it a habit to take a look at other company's rates on a regular basis because prices are rarely the same from one policy term to another. Even if you think you had the lowest price on Lexus IS 350 insurance in Los Angeles a couple years back you will most likely find a better rate quote today. Ignore everything you know about auto insurance because we're going to show you the right way to find lower rates on auto insurance.

Shop Lexus IS 350 insurance online

Most larger insurance companies such as State Farm, GEICO and Progressive make it easy to get price estimates online. Obtaining pricing for Lexus IS 350 insurance in Los Angeles can be done by anyone as you simply type in your coverage information into the quote form. When the form is submitted, their quoting system obtains information on your driving record and credit history and provides a quote based on the data you entered. This simplifies rate comparisons, and it's very important to have as many quotes as possible in order to get a lower rate.

To find out how much you're overpaying now, compare rates from the companies below. To compare your current rates, we recommend you copy deductibles and limits just like they are on your policy. This helps ensure you're receiving comparison quotes using the exact same coverages.

The auto insurance companies shown below are our best choices to provide quotes in Los Angeles, CA. If more than one company is shown, we suggest you visit two to three different companies to find the lowest auto insurance rates.

Get cheaper Lexus IS 350 insurance rates in Los Angeles

Car insurance companies do not advertise their entire list of discounts very clearly, so here is a list both the well known in addition to some of the lesser obvious discounts that you may qualify for.Discount auto insurance

  • Homeowners Savings - Owning a house in Los Angeles can get you a discount because it shows financial diligence.
  • Sign Online - Some of the larger companies will discount your bill up to fifty bucks shop Los Angeles auto insurance on your computer.
  • Distant College Student Discount - Any of your kids living away from Los Angeles attending college without a vehicle on campus can be insured at a reduced rate.
  • Drivers Education - Teen drivers should successfully take a driver's education course as it can save substantially.
  • Discounts for Seat Belt Usage - Drivers who always wear seat belts and also require passengers to buckle up before driving could cut 10% or more off the medical payments premium.
  • Safe Driver Discounts - Drivers who avoid accidents can save as much as half off their rates than drivers with accident claims.
  • Service Members Pay Less - Being on active duty in the military may lower your prices slightly.
  • Senior Discount - If you're over the age of 55, you may qualify for better auto insurance rates.
  • No Accidents - Claim-free drivers pay much less in comparison to policyholders that have many claims.
  • Discount for Multiple Policies - If you can bundle your home and auto insurance with the same insurance company they may give you a discount of up to 20% and get you affordable Lexus IS 350 insurance rates in Los Angeles.

A little disclaimer on discounts, most credits do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, nobody gets a free ride.

The diagram below shows the comparison of Lexus IS 350 annual premium costs with and without discounts applied. The data assumes a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, claim-free, homeowner, marriage, and multi-car discounts applied.

A list of auto insurance companies and some of the discounts are included below.

  • State Farm may include discounts for passive restraint, defensive driving training, Drive Safe & Save, multiple policy, anti-theft, and good student.
  • Farmers Insurance has discounts for good student, teen driver, youthful driver, switch companies, mature driver, multi-car, and early shopping.
  • Progressive offers premium reductions for online quote discount, multi-vehicle, good student, multi-policy, and continuous coverage.
  • GEICO discounts include multi-policy, federal employee, driver training, anti-theft, seat belt use, and anti-lock brakes.
  • Auto-Owners Insurance policyholders can earn discounts including group or association, anti-theft, safe driver, air bags, student away at school, and safe vehicle.
  • The Hartford may offer discounts for air bag, bundle, good student, driver training, and vehicle fuel type.
  • Farm Bureau may have discounts that include safe driver, multi-policy, multi-vehicle, renewal discount, good student, and 55 and retired.
  • USAA has savings for good student, family discount, annual mileage, safe driver, and new vehicle.

When comparing rates, check with each company to apply every possible discount. All car insurance discounts might not be offered on policies in Los Angeles. To locate insurance companies who offer cheap Lexus IS 350 insurance quotes in California, click this link.

Rates and statistics

The price information shown next highlights a range of insurance costs for Lexus IS 350 models. Learning how auto insurance premiums are calculated can be valuable when making informed decisions.

Lexus IS 350 Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 350 4-Dr Sedan $348 $630 $442 $26 $132 $1,578 $132
IS 350 C 2-Dr Convertible $348 $630 $442 $26 $132 $1,578 $132
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Price information does not factor in specific Los Angeles garaging location which can increase or decrease coverage prices considerably.

Physical damage deductibles: Should you raise them?

One common question asked by Los Angeles drivers is at what level do you set your deductibles. The rates below can help you visualize the rate differences between high and low physical damage deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second data table uses a $1,000 deductible.

Lexus IS 350 insurance premium estimates with $100 deductibles
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
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Lexus IS 350 insurance premium estimates with $1,000 deductibles
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
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Table data does not factor in Los Angeles location which can modify auto insurance rates significantly.

Based on the data above, we can derive that using a $100 deductible costs approximately $57 more each month or $684 a year across all Lexus IS 350 models than buying 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 tend to go at a minimum 16 months between claim filings, you would save more money by going with a higher deductible.

The illustration below illustrates how your deductible choice and can affect Lexus IS 350 yearly insurance costs for different age groups. The data is based on a single female driver, comprehensive and collision coverage, and no policy discounts are applied.

Lexus IS 350 liability-only versus full coverage

The diagram below illustrates the comparison of Lexus IS 350 insurance rates with and without full coverage. The data assumes a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no policy discounts are applied.

When to drop comp and collision

There is no exact formula to exclude full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let's pretend your Lexus IS 350 claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after paying the physical damage deductible. If you are paying over $200 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where only buying liability is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

Learn How to Lower Your Insurance Prices

Consumers need to have an understanding of the rating factors that help calculate your premiums. If you have some idea of what influences your rates, this enables informed choices that will entitle you to lower rates.

  • Marriage is a bonus - Walking down the aisle may earn you lower rates compared to being single. It means you're more mature and statistics show married drivers tend to have fewer serious accidents.
  • Male rates may be higher - Statistics have proven that females take fewer risks when driving. However, don't assume that men are worse drivers. They both have accidents in similar numbers, but the male of the species get into accidents with more damage. Not only that, but men also receive more major tickets like driving under the influence (DUI).

    The example below illustrates the difference between Lexus IS 350 car insurance rates for male and female drivers. Data assumes no violations or claims, comp and collision included, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

  • Theft deterrents lower insurance rates - Driving a car with anti-theft technology or alarm system can get you a discount on your insurance. Theft deterrent systems like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent your car from being stolen.
  • City dwellers may pay more - Having an address in a rural area can be a good thing when insuring your vehicles. Residents of big cities tend to have congested traffic and more severe claims. Fewer drivers means less chance of accidents and a lower car theft rate.
  • Credit rating impact insurance premiums - Having a good credit rating factor in calculating your premium rate. People with high credit ratings tend to be better drivers and file fewer claims than drivers who have bad credit. Therefore, if your credit rating is not that good, you may save money insuring your Lexus IS 350 by spending a little time repairing your credit.
  • Better rates for continuous insurance coverage - Letting your insurance expire is a quick way to increase your insurance rates. And not only will insurance be more expensive, the inability to provide proof of insurance could result in fines and jail time.
  • Policy add-ons add up - There are quite a few extra add-on coverages that may not really be needed when buying insurance. Coverage for things like rental car reimbursement, accidental death, and extra equipment coverage may be costing you every month. The coverages may be enticing initially, but your needs may have changed so think about removing them and cutting costs.
  • Insurance loss data for a Lexus IS 350 - Companies take into consideration historical loss data for every vehicle to help set a rate to offset losses. Models that tend to have a trend towards higher claim severity or frequency will cost more for coverage.

    The table below outlines the historical insurance loss data for Lexus IS 350 vehicles. For each insurance policy coverage type, the claim amount for all vehicles as a whole equals 100. Numbers under 100 mean the vehicle has better than average losses, while numbers that are greater than 100 indicate frequent claims or larger claims.

    Lexus IS 350 Insurance Claim Statistics
    Specific Lexus 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
    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Can't I compare rate quotes from local Los Angeles insurance agencies?

A lot of people still like to buy from a licensed agent and that is just fine! Licensed agents are trained to spot inefficiencies and help you file claims. One of the best bonuses of comparing auto insurance online is that you can find cheaper car insurance rates but also keep your business local. And supporting neighborhood insurance agencies is important particularly in Los Angeles.

Insurance agents in Los AngelesTo make it easy to find an agent, after completing this simple form, the coverage information is sent to companies in Los Angeles who will give you bids to get your business. It's much easier because you don't need to search for any insurance agencies as quotes are delivered to you instantly. If you need to get a rate quote from one company in particular, just go to their quote page and submit a quote form there.

Compare rates from both independent and exclusive car insurance agents

If you're trying to find a local Los Angeles insurance agency, you should know the types of insurance agents and how they are slightly different. Agencies in Los Angeles can be classified as either independent agents or exclusive agents. Both types can write policy coverage, but it's important to know how they are different because it can influence the type of agent you choose.

Independent Agencies or Brokers

Independent agencies can sell policies from many different companies so they can quote policies with lots of companies and get you the best rates possible. If you are not satisfied with one company, they simply move your policy to a different company and you don't have to do anything. When comparing rate quotes, you definitely need to get some free quotes from a few independent agents for the best price selection.

Featured below are independent agencies in Los Angeles that can possibly get you cheap rate quotes.

621 S Westmoreland Ave - Los Angeles, CA 90005 - (213) 384-2062 - View Map

6108 Venice Blvd - Los Angeles, CA 90034 - (310) 451-4943 - View Map

11611 San Vicente Blvd #515 - Los Angeles, CA 90049 - (310) 820-5200 - View Map

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Exclusive Auto Insurance Agencies

Agents in the exclusive channel can only provide one company's prices such as Allstate and State Farm. Exclusive agents cannot place coverage with different providers so they really need to provide good service. Exclusive agents receive extensive training on sales techniques which can be an advantage.

The following is a list of exclusive insurance agents in Los Angeles that can give you comparison quotes.

3580 Wilshire Blvd #130 - Los Angeles, CA 90010 - (213) 365-2071 - View Map

7944 W 3rd St - Los Angeles, CA 90048 - (323) 852-6868 - View Map

1727 N Vermont Ave Ste 207 - Los Angeles, CA 90027 - (323) 663-8541 - View Map

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Finding the right auto insurance agent requires you to look at more than just the bottom line cost. Any agent in Los Angeles should be willing to answer these questions.

  • Where would glass claims be handled in Los Angeles?
  • Do they reduce claim amounts on high mileage vehicles?
  • Which family members are covered?
  • Are claims handled at the agent's location?
  • What insurance companies do they recommend if they are an independent agent?
  • Do they have 24-hour customer assistance?
  • Will the company cover a rental car if your car is getting fixed?

When should I discuss my situation with an agent?

When selecting adequate coverage, there really is no perfect coverage plan. Each situation is unique so your insurance needs to address that.Car insurance savings For instance, these questions could help you determine whether your personal situation might need an agent's assistance.

  • When should I buy a commercial auto policy?
  • Does insurance cover tools stolen from my truck?
  • How much liability coverage do I need in California?
  • Should I pay a claim out-of-pocket?
  • Should I carry comprehensive and collision coverage?
  • Exactly who is provided coverage by my policy?
  • Can my babysitter drive my car?
  • If I use my vehicle for business use is it covered?
  • Am I missing any policy discounts?
  • Do I have any recourse if my insurance company denies a claim?

If you don't know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

A little work can save a LOT of money

We just covered many ideas to reduce Lexus IS 350 insurance premium rates online in Los Angeles. It's most important to understand that the more providers you compare, the better likelihood of getting affordable Lexus IS 350 insurance quotes. Consumers could even find that the lowest premium rates are with some of the smallest insurance companies. Some small companies can often provide lower prices in certain areas compared to the large companies like State Farm and Allstate.

When getting Los Angeles auto insurance quotes online, don't be tempted to sacrifice coverage to reduce premiums. There are too many instances where an insured dropped uninsured motorist or liability limits only to find out that the savings was not a smart move. The aim is to get the best coverage possible for the lowest cost.

Low-cost Lexus IS 350 insurance in Los Angeles can be purchased from both online companies in addition to local insurance agencies, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who do not offer online rate quotes and usually these smaller providers provide coverage only through independent agents.

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