Affordable Fort Worth Lexus IS 250 Insurance

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We don't have to tell you that car insurance companies don't want you to look at other companies. Drivers who shop around for the cheapest price are highly likely to switch car insurance companies because there is a high probability of finding more affordable rates. A recent survey discovered that drivers who regularly compared rates saved approximately $3,500 over four years as compared to drivers who never compared other company's rates.

If finding the cheapest price for Lexus IS 250 insurance is the reason you're reading this, then understanding how to quote prices and compare insurance premiums can help you succeed in saving money.

Insurance quote for Lexus IS 250 in Fort WorthTruthfully, the best way to find the cheapest price for auto insurance rates is to regularly compare price quotes from insurers who sell auto insurance in Fort Worth.

  1. Spend some time learning about how car insurance works and the steps you can take to keep rates in check. Many risk factors that drive up the price such as inattentive driving and a negative credit history can be remedied by making small lifestyle or driving habit changes.
  2. Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or State Farm, while agents who are independent can provide rate quotes for a wide range of insurance providers.
  3. Compare the price quotes to your current policy to determine if you can save on IS 250 insurance. If you can save money and buy the policy, verify that coverage does not lapse between policies.
  4. Give notification to your current company of your decision to cancel your current coverage and submit a signed application and payment to your new insurance company. Once received, put the certificate verifying coverage along with the vehicle's registration papers.

A good tip to remember is that you use the same coverage limits and deductibles on every quote request and and to get rate quotes from as many companies as possible. Doing this ensures the most accurate price comparison and plenty of rates choose from.

Five factors that impact insurance costs

An important part of buying insurance is that you know some of the elements that go into determining your premiums. When you understand what determines premiums, this helps enable you to make changes that may result in big savings.

Listed below are most of the major factors that factor into rates.

  • Poor credit can mean higher rates - An insured's credit score can be an important factor in determining your rates. People that have high credit ratings tend to file fewer claims and have better driving records than those with worse credit. If your credit history can be improved, you could potentially save money when insuring your Lexus IS 250 if you clean up your credit.
  • File insurance claims and pay more - If you file claims often, don't be surprised to see either higher rates or even cancellation. Auto insurance companies in Texas generally give the best rates to people who file claims infrequently. Your car insurance is meant to be used in the event of more catastrophic claims.
  • Never let your coverage lapse - Letting your insurance expire is a quick way to drive up your policy premiums. And not only will insurance be more expensive, not being able to provide proof of insurance may result in a fine, jail time, or a revoked license. You may then be required to prove you have insurance by filing a SR-22 with the Texas DMV.
  • Do thieves like your car? - Owning a car that has an advanced theft prevention system can get you a discount on your insurance. Systems that thwart thieves like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent vehicle theft.
  • Being married pays dividends - Being married may cut your premiums on your insurance policy. Marriage demonstrates that you tend to be less irresponsible it has been statistically shown that married drivers tend to have fewer serious accidents.
  • Lexus IS 250 claim statistics - Companies factor in insurance loss information in order to profitably underwrite each model. Models that the data determines to have higher number or severity of losses will have higher rates for specific coverages. The table shown below demonstrates the historical loss data for Lexus IS 250 vehicles.

    For each policy coverage, the loss probability for all vehicles, as a total average, is equal to 100. Values that are under 100 are indicative of better than average losses, while values that are above 100 indicate more frequent claims or an increased chance of a larger loss.

    Lexus IS 250 Insurance Claim Statistics
    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
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Premium rates and analysis

The information displayed below showcases detailed analysis of coverage costs for Lexus IS 250 models. Learning as much as possible about how auto insurance prices are formulated can assist in making informed decisions.

Lexus IS 250 Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $202 $486 $392 $24 $118 $1,222 $102
IS 250 AWD 4-Dr $224 $486 $392 $24 $118 $1,244 $104
IS 250 C 2-Dr Convertible $224 $486 $462 $28 $138 $1,338 $112
Get Your Own Custom Quote Go

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Information does not factor in specific Fort Worth garaging location which can decrease or increase auto insurance rates significantly.

Physical damage deductible comparison

One of the hardest decisions when shopping for insurance is how low should you set your deductibles. The data tables below may help to conceptualize the rate fluctuation between low and high coverage deductibles. The first price estimate table uses a $250 comprehensive and collision deductible and the second price chart uses a $500 deductible.

Lexus IS 250 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $332 $672 $324 $20 $96 $1,469 $122
IS 250 AWD 4-Dr $370 $672 $324 $20 $96 $1,507 $126
IS 250 C 2-Dr Convertible $370 $672 $382 $22 $114 $1,585 $132
Get Your Own Custom Quote Go
Lexus IS 250 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $270 $542 $324 $20 $96 $1,252 $104
IS 250 AWD 4-Dr $300 $542 $324 $20 $96 $1,282 $107
IS 250 C 2-Dr Convertible $300 $542 $382 $22 $114 $1,360 $113
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium costs do not factor in specific Fort Worth garaging location which can increase or decrease premiums considerably.

We can estimate from the data above that using a $250 deductible will cost in the ballpark of $19 more each month or $228 each year than choosing the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 13 months between claims, you would probably come out ahead if you decide on a higher deductible.

The diagram below illustrates how choosing a deductible and can increase or decrease Lexus IS 250 yearly insurance costs for each different age group. The prices are based on a married male driver, comp and collision included, and no discounts are applied.

Cautious drivers save money

The illustration below shows how traffic citations and accidents influence Lexus IS 250 yearly insurance costs for different age groups. The premiums assume a single female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.

Males versus Females

The example below illustrates the comparison of Lexus IS 250 car insurance rates for male and female drivers. The data assumes no accidents or driving violations, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

Does full coverage make sense?

The diagram below illustrates the comparison of Lexus IS 250 insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Texas. Data assumes no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no specific rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let's assume your Lexus IS 250 claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, 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 consider buying only liability coverage.

There are some scenarios where dropping physical damage coverage is not a good plan. If you haven't satisfied your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Check for these discounts

Car insurance is expensive, but you may find discounts that you may not even know about. Certain reductions will be credited when you get a quote, but once in a while a discount must be asked for before being credited.Discount car insurance

  • No Claim Discounts - Drivers who don't have accidents get the best car insurance rates when compared with accident-prone drivers.
  • Theft Prevention System - Cars equipped with tracking devices and advanced anti-theft systems are less likely to be stolen so companies will give you a small discount.
  • Pay Now and Pay Less - If you can afford to pay the entire bill instead of making monthly payments you may reduce your total bill.
  • Responsible Driver Discounts - Accident-free drivers can pay as much as 50% less than drivers with accident claims.
  • Defensive Driver Discounts - Completing a driver safety course could save 5% or more and easily pay for the cost of the class.
  • Air Bags and Passive Restraints - Cars that have air bags can qualify for discounts as much as 30%.

Keep in mind that some credits don't apply to the entire cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, companies wouldn't make money that way.

The example below illustrates the comparison of Lexus IS 250 insurance premiums with and without discounts applied to the policy rates. The premiums assume a female driver, no claims, a clean driving record, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, safe-driver, homeowner, and multi-policy discounts applied.

A few popular companies and the discounts they provide are outlined below.

  • Progressive may offer discounts for good student, online quote discount, homeowner, multi-policy, online signing, multi-vehicle, and continuous coverage.
  • Farmers Insurance offers discounts for multi-car, mature driver, homeowner, business and professional, early shopping, pay in full, and distant student.
  • Farm Bureau has discounts for driver training, multi-policy, safe driver, good student, multi-vehicle, and 55 and retired.
  • State Farm includes discounts for driver's education, anti-theft, safe vehicle, defensive driving training, accident-free, and Steer Clear safe driver discount.
  • GEICO offers premium reductions for defensive driver, membership and employees, seat belt use, daytime running lights, driver training, emergency military deployment, and air bags.
  • SAFECO may have discounts that include anti-lock brakes, accident prevention training, safe driver, anti-theft, bundle discounts, multi-car, and teen safety rewards.
  • Liberty Mutual may include discounts for teen driver discount, new vehicle discount, safety features, new move discount, and multi-car.

It's a good idea to ask all companies you are considering to give you their best rates. All car insurance discounts might not be available to policyholders in Fort Worth. If you would like to see a list of providers that have a full spectrum of discounts in Texas, click this link.

Be persistent and save

We just covered many tips how you can shop for Lexus IS 250 insurance online. The key thing to remember is the more companies you get car insurance rates for, the better likelihood of getting low cost Fort Worth car insurance quotes. You may even discover the most savings is with a company that doesn't do a lot of advertising. Regional companies may often insure only within specific states and give better rates than the large multi-state companies such as State Farm or Progressive.

When getting Fort Worth car insurance quotes online, never buy poor coverage just to save money. There have been many cases where an insured cut comprehensive coverage or liability limits only to regret at claim time that they should have had better coverage. Your strategy should be to get the best coverage possible at a price you can afford and still be able to protect your assets.

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