Save Money on Lexus IS 250 Insurance in Riverside

Insurance rates Lexus IS 250 in RiversideDo you get exhausted from wondering where the money will come from to insure your Lexus every month? Your situation is no different than the majority of other drivers in California.

Remarkably, a study showed that over 70% of consumers have purchased from the same company for four years or more, and just under half have never compared quotes from other companies. California insurance shoppers could save 35% a year just by getting comparison quotes, but they don’t understand how simple it is to compare rate quotes. Multiple insurance companies compete for your business, so it’s not easy to compare every insurance company to find the lowest price on Lexus IS 250 insurance in Riverside.

It’s a good idea to check insurance prices quite often because prices are variable and change quite frequently. Just because you found the best rates on Lexus IS 250 insurance in Riverside at your last renewal you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because it’s time to teach you the best methods to remove unneeded coverages and save money.

If you’re already insured or just want cheaper coverage, use these techniques to reduce the price you pay while maximizing coverage. Buying affordable auto insurance in Riverside can be much easier if you know how to start. Vehicle owners only need to know how to compare rate quotes instantly.

Cheap companies for Lexus IS 250 insurance

The companies shown below have been selected to offer price comparisons in Riverside, CA. If more than one company is shown, we suggest you visit several of them in order to get a fair rate comparison.

Coverage analysis

The table shown next showcases estimates of insurance coverage prices for Lexus IS 250 models. Learning as much as possible about how auto insurance policy rates are established is important to be able to make smart choices when buying a policy.

Lexus IS 250 Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $204 $482 $424 $26 $128 $1,264 $105
IS 250 AWD 4-Dr $228 $482 $424 $26 $128 $1,288 $107
IS 250 C 2-Dr Convertible $228 $482 $500 $30 $150 $1,390 $116
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in vehicle garaging location which can modify premiums noticeably.

Physical damage deductible comparison

One of the most common insurance questions is how high should your deductibles be. The following tables may help to illustrate the rate differences between high and low policy deductibles. The first rate comparisons uses a $100 deductible and the second pricing table uses a $1,000 deductible.

Lexus IS 250 insurance rates with $100 deductibles
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
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Lexus IS 250 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $238 $490 $376 $22 $112 $1,238 $103
IS 250 AWD 4-Dr $266 $490 $376 $22 $112 $1,266 $106
IS 250 C 2-Dr Convertible $266 $490 $442 $26 $132 $1,356 $113
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Price information does not factor in vehicle garaging location which can affect premium rates significantly.

Based on these figures, using a $100 deductible will cost in the ballpark of $56 more each month or $672 each year averaged for all IS 250 models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you have more than 16 months between claim filings, you would probably be better off by going with a higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $163
Average monthly premium for $1,000 deductibles (subtract): – $107
Monthly savings from raising deductible: $56
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $56
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One important issue to know is that a higher deductible level results in a higher out-of-pocket expense when you have to file a claim. That will require enough money put aside in the event you need to pay the deductible for vehicle repair.

The information below shows how choosing a deductible and can change Lexus IS 250 insurance rates for each age group. The premiums are based on a married male driver, full physical damage coverage, and no discounts are factored in.

Should you buy full coverage?

The example below illustrates the difference between Lexus IS 250 car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no violations or accidents, $250 deductibles, single marital status, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There is no definitive rule to drop full coverage, but there is a general school of thought. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s assume your Lexus IS 250 replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $2,000 after paying your policy deductible. If you are paying in excess of $200 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some situations where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.

Verify you’re getting every discount

Insurance can cost an arm and a leg, but there could be significant discounts that many consumers don’t even know exist. Some of these discounts will be visible when you get a quote, but less common discounts must be manually applied before they will apply. If you are not receiving all the discounts you qualify for, you’re just leaving money on the table.

Drivers should understand that many deductions do not apply to the whole policy. Most only apply to the cost of specific coverages such as comprehensive or collision. Just because you may think all the discounts add up to a free policy, company stockholders wouldn’t be very happy. Any qualifying discounts will definitely lower your auto insurance premiums.

The information below illustrates the comparison of Lexus IS 250 insurance premiums with and without discounts. The prices are based on a female driver, no tickets, no at-fault accidents, 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, marriage, homeowner, multi-car, multi-policy, and safe-driver discounts applied.

A list of auto insurance companies and some of their more popular discounts can be read below.

If you are trying to find inexpensive Riverside auto insurance quotes, ask all the companies how many discounts you can get. Some discounts listed above may not apply to policies in your state. If you would like to choose from a list of auto insurance companies with significant discounts in Riverside, click here.

Independent or exclusive insurance agents

Some consumers prefer to talk to an insurance agent and that is a smart decision Professional insurance agents can help determine the best coverages and give you someone to call. The biggest benefit of price shopping on the web is that drivers can save money and get cheap car insurance quotes but still work with a licensed agent.

Insurance agency in RiversideAfter filling out this simple form, your information is transmitted to local insurance agents who will give competitive quotes and help you find cheaper coverage. You won’t need to contact any agents because prices are sent directly to you. If you need to get a comparison quote from a specific insurance company, don’t hesitate to navigate to their website and fill out the quote form the provide.

Finding the right insurance company requires you to look at more than just a cheap price quote. Agents should be asked these questions:

Two types of Riverside auto insurance agents

When searching for a good insurance agency, it helps to know the two different agency structures and how they differ in how they can insure your vehicles. Riverside agents are either exclusive or independent. Either one can properly insure your vehicles, but it’s a good idea to understand the difference in how they write coverage because it may have an impact on buying decisions.

Exclusive Insurance Agencies

Exclusive agents can only provide pricing for a single company like American Family, State Farm, and Allstate. They generally cannot provide other company’s prices so they really need to provide good service. These agents receive extensive training on the products they sell which helps them compete with independent agents.

Below is a short list of exclusive agencies in Riverside willing to provide price quotes.

6710 Magnolia AveRiverside, CA 92506(951) 369-8850View Map

10850 Hole Ave aRiverside, CA 92505(951) 687-3830View Map

7000 Indiana Ave #113Riverside, CA 92506(951) 782-8450View Map

More insurance agents

Independent Car Insurance Agencies

Independent agents are not limited to a single company so they have the ability to put coverage with a variety of different insurance companies and get you the best rates possible. If they quote lower rates, your policy is moved internally and you can keep the same agent. If you are comparing rate quotes, we recommend you get some free quotes from at a minimum one independent agency to get the most accurate price comparison.

Below are independent insurance agencies in Riverside that can give you rate quotes.

Epstein Insurance Agency
11750 Carly CourtRiverside, CA 92503(951) 687-1012View Map

3595 Van Buren Boulevard #201Riverside, CA 92503(951) 687-9152View Map

4204 Riverwalk Pkwy #200Riverside, CA 92505(951) 801-2032View Map

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Be persistent to save money

We just covered many tips how you can shop for Lexus IS 250 insurance online. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding affordable Lexus IS 250 insurance quotes. You may even find the lowest prices are with a small local company. They often have lower rates on specific markets compared to the large companies like Allstate, GEICO and Progressive.

Budget-conscious Lexus IS 250 insurance is possible online as well as from insurance agents, so you need to quote Riverside auto insurance with both to have the best selection. A few companies may not have the ability to get quotes online and these smaller companies prefer to sell through independent agencies.

How to find discount Lexus IS 250 insurance in Riverside

The best way to save on auto insurance rates is to make a habit of comparing prices annually from insurance carriers in Riverside. Price quotes can be compared by following these steps.

  1. Take a few minutes and learn about what coverages are included in your policy and the things you can change to prevent high rates. Many things that result in higher prices such as high-risk driving behaviors and a lousy credit rating can be improved by making lifestyle changes or driving safer.
  2. Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like GEICO and Allstate, while independent agents can quote prices from multiple companies.
  3. Compare the new rate quotes to your current policy premium to determine if you can save on IS 250 insurance. If you find a lower rate quote and switch companies, verify that coverage does not lapse between policies.
  4. Provide written notification to your current company of your decision to cancel the current policy. Submit the required down payment along with the signed application for your new policy. Make sure you keep your new proof of insurance paperwork with the vehicle registration.

The most important part of shopping around is that you use the same liability limits and deductibles on each quote and and to get rate quotes from as many companies as you can. This enables an apples-to-apples comparison and a thorough price selection.

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