It takes a little time, but the best way to get the cheapest Lexus IS 250 insurance is to regularly compare quotes from insurance carriers that insure vehicles in Santa Ana. Price quotes can be compared by following these steps.
- Step 1: Get an understanding of how insurance companies determine prices and the steps you can take to prevent expensive coverage. Many rating criteria that result in higher prices such as at-fault accidents and a negative credit history can be improved by making minor driving habit or lifestyle changes. Keep reading for ideas to get affordable coverage and find discounts that you may qualify for.
- Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive or Allstate, while independent agencies can provide price quotes from multiple companies.
- Step 3: Compare the quotes to your current policy premium to determine if you can save on IS 250 insurance. If you find a lower rate, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Notify your current company of your decision to cancel your current car insurance policy and submit the required down payment along with the signed application for the new coverage. As soon as you have the new policy, store the proof of insurance certificate in an accessible location in your vehicle.
One piece of advice is that you'll want to compare identical coverage information on every quote request and and to get rate quotes from as many auto insurance providers as possible. This enables an apples-to-apples comparison and the best price selection.
It's an obvious assumption that auto insurance companies don't want their policyholders to compare prices. Consumers who compare rates annually are highly likely to move their business because they stand a good chance of finding a policy with better rates. A recent study showed that people who compared prices regularly saved $865 a year compared to people who never shopped around.
If finding the lowest price for Lexus IS 250 insurance in Santa Ana is your goal, then knowing how to choose a company and compare insurance premiums can save money and time.
If you already have coverage or are looking for a new policy, you will benefit by learning to save money and possibly find even better coverage. Buying the cheapest auto insurance in Santa Ana is really quite easy. Drivers only have to learn the most effective way to shop from many different companies online.
The car insurance companies shown below are our best choices to provide price quotes in California. If several companies are displayed, we recommend you get price quotes from several of them to get the most competitive price.
Rates and statistics
The information shown below outlines a range of insurance premium costs for Lexus IS 250 models. Learning more about how premiums are established can be valuable when making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $490 | $932 | $492 | $30 | $148 | $2,092 | $174 |
| IS 250 AWD 4-Dr | $546 | $932 | $492 | $30 | $148 | $2,148 | $179 |
| IS 250 C 2-Dr Convertible | $546 | $932 | $578 | $34 | $174 | $2,264 | $189 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in specific location information which can impact prices noticeably.
Can higher deductibles save money?
One of the hardest decisions when shopping for car insurance is which comprehensive and collision deductibles to buy. The comparison tables below lay out the difference in cost between high and low comp and collision deductibles. The first set of rates uses a $100 physical damage deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $430 | $932 | $376 | $22 | $112 | $1,897 | $158 |
| IS 250 AWD 4-Dr | $478 | $932 | $376 | $22 | $112 | $1,945 | $162 |
| IS 250 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 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 | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Price estimates do not factor in garaging location in Santa Ana which can change auto insurance rates greatly.
We can derive from the above data that using a $100 deductible would cost the average driver about $37 more each month or $444 every year than quoting the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 11 months between claims, you would probably come out ahead going with the higher deductible. The numbers below show a better example of how this determination is made.
| Average monthly premium for $100 deductibles: | $163 |
| Average monthly premium for $500 deductibles (subtract): | - $126 |
| Monthly savings from raising deductible: | $37 |
| Difference between deductibles ($500 - $100): | $400 |
| Divide difference by monthly savings: | $400 / $37 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
The illustration below illustrates how your choice of deductibles and can change Lexus IS 250 insurance costs for different age groups. Data assumes a single male driver, full coverage, and no discounts are applied to the premium.
Why auto insurance is not optional
Despite the potentially high cost of Lexus IS 250 insurance, buying auto insurance serves an important purpose.
First, most states have mandatory insurance requirements which means the state requires a specific minimum amount of liability protection 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.
Second, if you took out a loan on your IS 250, most banks will force you to buy insurance to guarantee their interest in the vehicle. If you let the policy lapse, the bank may insure your Lexus at a much higher premium rate and require you to pay a much higher amount than you were paying before.
Third, insurance protects both your Lexus and your assets. Insurance will also pay for medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying enough insurance outweigh the cost, particularly when you have a large claim. The average driver in California is overpaying more than $825 a year so you should quote your policy with other companies at least once a year to make sure the price is not too high.
Seven Things That Influence Your Insurance Rates
Many things are considered when you quote your car insurance policy. A few of the factors are predictable such as your driving record, although some other factors are more obscure like your vehicle usage or how financially stable you are. When buying auto insurance it's important to understand the factors that go into determining the rates you pay for auto insurance. If you understand what determines premiums, this empowers consumers to make smart changes that will entitle you to lower premium levels.
The factors shown below are a partial list of the pieces that factor into premiums.
- Liability protection risk factors - Liability insurance will afford coverage when you are found liable for damages from an accident. It provides legal defense starting from day one. Liability is cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
- Where do you drive? - The higher the miles on your Lexus in a year the higher your rates will be. A lot of companies rate vehicles determined by how the vehicle is used. Cars that sit idle most of the time get more affordable rates than vehicles that have high annual mileage. Improper usage on your IS 250 may be costing you higher rates. Make sure your auto insurance declarations sheet properly reflects the proper vehicle usage.
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The type of car makes a difference - The type of car you are buying insurance for makes a big difference in how high your rates are. The most favorable rates are for lower cost passenger vehicles, but other factors influence the final cost greatly.
The following data uses these variables: single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Lexus IS 250 insurance premiums compared to other makes and models that have a range of performances.
- Responsible credit equals lower rates - An insured's credit rating factor in your rate calculation. If your credit score is lower than you'd like, you could potentially save money when insuring your Lexus IS 250 by improving your rating. People with very high credit ratings tend to be more responsible and file fewer claims as compared to drivers with lower ratings.
- Getting married is a good thing - Having a spouse may cut your premiums on your auto insurance policy. It generally demonstrates drivers are more mature than a single person and insurance companies reward insureds because drivers who are married are more cautious.
- Safer the car lower the rate - Cars with high safety ratings tend to have better insurance rates. The safest vehicles result in less severe injuries and fewer serious injuries means less money paid by your insurance company and more competitive rates for policyholders. If the Lexus IS 250 has ratings of a minimum four stars on Safercar.gov you may be receiving a better rate.
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Gender and insurance rates - The statistics show that females tend to be a little less risky than males. However, don't assume that men are worse drivers. Women and men cause auto accidents in similar percentages, but the male of the species tend to have higher claims. Men also tend to get higher numbers of serious violations like DWI (DUI) or reckless driving.
The information 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 claims, full physical damage coverage, $1,000 deductibles, drivers are single, and no discounts are applied.
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Insurance loss probability for a Lexus IS 250 - Insurance companies analyze past claim statistics to determine a rate that will be profitable for them. Vehicles that are shown to have higher number or severity of losses will have higher premium rates.
The table below outlines the loss history for Lexus IS 250 vehicles. For each type of coverage, the claim amount for all vehicles, without regard to make or model, is represented as 100. Numbers shown that are under 100 suggest losses that are better than average, while values that are above 100 point to more losses or an increased probability of a larger loss.
Lexus IS 250 Insurance Claim Statistics Vehicle Make and 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Different people need different insurance coverages
When it comes to buying coverage online or from an agent for your personal vehicles, there isn't really a perfect coverage plan. Everyone's situation is a little different.
These are some specific questions may help you determine whether your personal situation will benefit from professional help.
- How can I force my company to pay a claim?
- At what point should I drop full coverage?
- Does my policy cover me when driving someone else's vehicle?
- Are rock-chip repairs free?
- What is PIP insurance?
- Should I pay a claim out-of-pocket?
- Do I have coverage for damage caused while driving under the influence?
If you can't answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It's fast, free and may give you better protection.
More comparisons equals affordable rates
Cost effective Lexus IS 250 insurance can be found online in addition to many Santa Ana insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some companies don't offer price quotes online and most of the time these small, regional companies sell through local independent agents.
Consumers change insurance companies for any number of reasons including poor customer service, delays in responding to claim requests, policy non-renewal and even extreme rates for teen drivers. Whatever your reason, finding a new company is less work than it seems.
We just covered a lot of information how to save on Lexus IS 250 insurance in Santa Ana. It's most important to understand that the more you quote Santa Ana car insurance, the higher the chance of saving money. You may even find the lowest rates are with a lesser-known regional company.
More tips and info about car insurance is located by following these links:
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Quotes for Electric Cars in Santa Ana? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Teenagers in Santa Ana? (FAQ)
- How Much are Car Insurance Quotes with Multiple Speeding Tickets in Santa Ana? (FAQ)
- Who Has Cheap Auto Insurance for a Toyota RAV4 in Santa Ana? (FAQ)
- Who Has Affordable Santa Ana Car Insurance Rates for a Nissan Altima? (FAQ)
- Who Has Affordable Santa Ana Car Insurance Quotes for a Toyota Camry? (FAQ)
- What Auto Insurance is Cheapest for Seniors in Santa Ana? (FAQ)
- Who Has Cheap Car Insurance Rates for Low Mileage Drivers in Santa Ana? (FAQ)
- Car Insurance FAQ (Trusted Choice)
- What Does No-Fault Insurance Cover? (Allstate)
- Shopping for a Safe Car (Insurance Information Institute)
- Vehicle Safety Ratings (iihs.org)