It’s an obvious statement that car insurance companies don’t want their customers to go rate shopping. People who compare other rates will most likely switch companies because the odds are good of finding more affordable rates. A recent auto insurance study discovered that drivers who compared rates once a year saved approximately $865 annually compared to people who don’t regularly compare prices.
If finding budget-friendly Lexus IS 250 insurance is why you’re here, then having an understanding of the best ways to find and compare car insurance can make the process more efficient.
The most effective way to get low-cost Lexus IS 250 insurance is to compare prices once a year from insurers who sell auto insurance in Miami. You can compare rates by following these steps.
- Step 1: Try to understand how your policy works and the things you can change to keep rates low. Many rating criteria that result in higher prices like traffic violations and a not-so-good credit rating can be remedied by making minor changes in your lifestyle.
- Step 2: Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or State Farm, while independent agents can quote prices for many different companies.
- Step 3: Compare the new rates to your existing coverage and see if you can save money. If you can save some money, make sure there is no lapse in coverage.
- Step 4: Provide proper notification to your current company to cancel the current policy and submit the required down payment along with the signed application for the new coverage. As soon as you can, keep the new proof of insurance certificate above your visor, in the console, or in the glove compartment.
A good tip to remember is to compare identical coverage information on every quote request and and to look at every insurance company. This ensures a fair price comparison and the best rate selection.
Locating the most cost-effective auto insurance policy in Miami is actually very simple if you learn how to start. If you’re already insured, you will definitely be able to get lower rates using the following tips. Drivers only need an understanding of the quickest method to compare insurance rates from many different companies.
How to compare Lexus IS 250 insurance price quotes in Miami, Florida
All major auto insurance companies like GEICO, State Farm and Progressive provide prices on their websites. This process is possible for anyone as you just enter your personal and coverage information into the form. After you complete the form, their rating system obtains your driving and credit reports and returns a price.
Quoting online for Lexus IS 250 insurance in Miami makes it a lot easier to compare rates and it is important to do this in order to find cheaper prices.
To find out what other companies charge, compare quotes from the companies shown below. If you have coverage now, it’s recommended you replicate deductibles and limits identical to your current policy. This ensures you’re receiving a rate comparison based on similar coverages.
The auto insurance companies shown below can provide comparison quotes in Florida. To find cheap car insurance in Miami, it’s highly recommended you compare several of them in order to get a fair rate comparison.
Don’t neglect these price cutting discounts
Auto insurance is easily one of your largest bills, but there’s a good chance there are discounts that can dramatically reduce your bill. Many discounts should be triggered when you get a quote, but some must be specifically requested before being credited.
- More Vehicles More Savings – Buying a policy with multiple vehicles with the same company may reduce the rate for each vehicle.
- Responsible Driver Discount – Drivers without accidents may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
- Low Miles Discount – Driving fewer miles can qualify you for lower prices due to less chance of an accident.
- Buy New and Save – Buying a new car instead of a used IS 250 can be considerably cheaper because new vehicles have to meet stringent safety requirements.
- Military Deployment Discount – Being on active duty in the military may lower your premium rates slightly.
- Renewal Discounts – Some companies provide a discount for buying a new policy before your current coverage expires. It’s a savings of about 10%.
- No Claim Discounts – Drivers with accident-free driving histories can earn big discounts when compared with drivers with a long claim history.
- Auto/Life Discount – Select insurance companies reward you with lower premium rates if you buy auto and life insurance together.
As is typical with insurance, most credits do not apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, nobody gets a free ride.
The diagram below visualizes the comparison of Lexus IS 250 insurance prices with and without policy discounts. The premium estimates are based on a male driver, no accidents or driving violations, Florida 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 safe-driver, claim-free, multi-car, homeowner, marriage, and multi-policy discounts applied.
Insurance companies who might offer some of the above discounts include:
- State Farm
- Liberty Mutual
- American Family
- Progressive
- Farmers Insurance
- Auto-Owners Insurance
- SAFECO
If you need affordable Lexus IS 250 insurance quotes, ask all the companies which discounts you qualify for. Some discounts might not apply in Miami. If you would like to see a list of companies that provide some of the discounts listed above in Miami, click here to view.
Coverage information
The table shown below outlines a range of prices for Lexus IS 250 models. Understanding more about how prices are figured is important to be able to make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $270 | $546 | $366 | $22 | $110 | $1,314 | $110 |
| IS 250 AWD 4-Dr | $300 | $546 | $366 | $22 | $110 | $1,344 | $112 |
| IS 250 C 2-Dr Convertible | $300 | $546 | $430 | $26 | $128 | $1,430 | $119 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Prices do not factor in vehicle location which can modify prices considerably.
Policy deductible comparison
When buying car insurance, a common question is what deductibles to buy. The comparison tables below lay out the differences in premium rates of buying low and high insurance deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $364 | $736 | $354 | $20 | $106 | $1,605 | $134 |
| IS 250 AWD 4-Dr | $406 | $736 | $354 | $20 | $106 | $1,647 | $137 |
| IS 250 C 2-Dr Convertible | $406 | $736 | $418 | $24 | $124 | $1,733 | $144 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $296 | $594 | $354 | $20 | $106 | $1,370 | $114 |
| IS 250 AWD 4-Dr | $330 | $594 | $354 | $20 | $106 | $1,404 | $117 |
| IS 250 C 2-Dr Convertible | $330 | $594 | $418 | $24 | $124 | $1,490 | $124 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rate information does not factor in zip code location which can change rates substantially.
Based on the figures above, using a $250 deductible could cost the average driver approximately $20 more each month or $240 for a full year across all Lexus IS 250 models than choosing the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 13 months between claim filings, you would save more money going with the higher deductible.
The information below demonstrates how choosing different deductibles and can increase or decrease Lexus IS 250 yearly insurance costs for each different age category. The information is based on a married female driver, comp and collision included, and no other discounts are factored in.
When to have guidance from a local insurance agent
Certain consumers prefer to talk to a local agent and that is a personal choice. Experienced insurance agents are very good at helping people manage risk and give you someone to call. One of the benefits of getting online price quotes is you may find cheap car insurance rates and still choose a local agent.
After completing this quick form, your coverage information gets sent to local insurance agents in Miami who will give you bids and help you find cheaper coverage. You don’t have to find an agent since rate quotes are delivered immediately to you. If you want to compare prices from a specific company, feel free to jump over to their website and fill out their quote form.
Picking an company should depend on more than just a low price. Agents should be asked these questions:
- Is every driver in your family covered?
- Are aftermarket or OEM parts used to repair vehicles?
- How will an accident affect your rates?
- How is replacement cost determined on your vehicle?
- Do they assist clients in filing claims?
Choose the right car insurance agent
If you want to buy car insurance from a local Miami insurance agency, you need to know there are two different types of agencies and how they can quote your rates. Car insurance policy providers are either exclusive agents or independent agents. Either type can insure your vehicles properly, but it’s important to point out the differences since it can affect your agent selection.
Exclusive Agencies
Agents in the exclusive channel normally can only provide a single company’s rates and some examples include State Farm or Allstate. Exclusive agencies are unable to shop your coverage around so keep that in mind. Exclusive agents are trained well on their company’s products which can be an advantage. A lot of people choose to use a exclusive agent mostly because of the brand and solid financial strength.
Listed below is a short list of exclusive insurance agencies in Miami that can give you comparison quotes.
- Clark Alvarado – State Farm Insurance Agent
5209 NW 36th St – Miami Springs, FL 33166 – (305) 887-9543 – View Map - Allstate Insurance: Eduardo Ferraz
1110 Brickell Ave Ste 105 – Miami, FL 33131 – (305) 379-3666 – View Map - GEICO Insurance Agent
8514 SW 8th St – Miami, FL 33144 – (305) 595-2911 – View Map
Independent Insurance Agents
Agents of this type can quote rates with many companies so they can quote policies with an assortment of companies and find you cheaper rates. If premiums increase, your policy is moved internally and you don’t have to switch agencies.
If you need cheaper car insurance rates, you need to include independent agents to ensure the widest selection of prices. Most also have access to companies that do not advertise much which can be an advantage.
Below is a short list of independent agents in Miami willing to provide price quotes.
- GreatFlorida Insurance – Westchester Insurance Agency
8833 Bird Rd – Miami, FL 33165 – (786) 409-2211 – View Map - A 1-Stop Insurance Agency Inc
3629 SW 8th St – Miami, FL 33135 – (305) 441-7100 – View Map - Neighbors Insurance Agency
7149 W Flagler St – Miami, FL 33144 – (786) 401-4820 – View Map
After receiving acceptable answers to any questions you may have and an affordable coverage quote, you have narrowed it down to an insurance agency that is reputable and can properly service your car insurance policy.
Do I just need basic coverages?
When it comes to buying proper insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Your financial needs are unique.
For instance, these questions can aid in determining whether or not you would benefit from an agent’s advice.
- Do I need motorclub coverage?
- Can I use my car for my catering business?
- Where can I get insurance after a DUI in Florida?
- How much liability insurance is required?
- Should I buy more coverage than the required Florida minimum liability coverage?
- If my car is totaled with they pay enough to replace it?
- What are the best liability limits?
- Are split liability limits better than a combined single limit?
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.
Eight Things That Impact Your Insurance Prices
It’s important that you understand some of the elements that are used to determine the level of your policy premiums. If you know what influences your rates, this enables informed choices that could result in lower car insurance prices. Many things are considered when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, but other criteria are more obscure such as whether you are married or how financially stable you are.
The items below are most of the major factors car insurance companies consider when setting rates.
- Prices and employer – Did you know your job can affect your rates? Careers such as judges, executives, and stock brokers are shown to have the highest average rates attributed to job stress and extremely grueling work hours. On the flip side, jobs such as farmers, historians and retirees pay lower than average rates.
- An active claims history can increase rates – Insurance companies in Florida award better rates to people who only file infrequent claims. If you file claims often, you can definitely plan on increased rates or even have your policy non-renewed. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
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Premiums also based on gender – Statistics have proven that women are safer drivers than men. The data does not necessarily mean that men are WORSE drivers than women. Men and women tend to get into accidents in similar percentages, but men cause more damage. Men also tend to get higher numbers of serious violations like DUI and reckless driving.
The chart below visualizes the comparison of Lexus IS 250 auto insurance costs for male and female drivers. The price estimates are based on no accidents or driving violations, full coverage, $250 deductibles, marital status is single, and no policy discounts are applied.
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Expect high rates for teens – Mature drivers are more cautious drivers, cost insurance companies less in claims, and tend to be get fewer driving tickets. Drivers with little experience are statistically shown to be easily distracted when driving so car insurance rates are higher.
The data below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
- More traffic equals higher costs – Choosing to live in a small town has it’s advantages when insuring your vehicles. Fewer drivers on the road means fewer accidents in addition to fewer liability claims. Drivers in populated Florida areas have to deal with more road rage incidents and more time behind the wheel. Spending more time driving means more chances of being involved in an auto accident.
- Pay more of a claim out-of-pocket – Deductibles for physical damage define the amount you are willing to pay in the event of a claim. Insurance for physical damage, also called comprehensive and collision insurance, insures against damage to your car. A few examples of covered claims are a windshield broken by a bird, collision with a deer, and damage from wind. The more damage repair cost the insured has to pay upfront, the better rate you will receive.
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Tickets and citations cost more than a fine – Being a careful driver has a big impact on rates. Drivers who don’t get tickets have lower premiums than bad drivers. Getting just one speeding ticket or other violation may increase your cost by twenty percent. Drivers with severe citations such as reckless driving or DUI might be required by their state to maintain a SR-22 with their state DMV in order to continue driving.
The illustration below illustrates how traffic citations and at-fault fender-benders can affect Lexus IS 250 car insurance costs for each age group. The premiums assume a single female driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
- Drive fewer miles and save – The more miles you rack up on your Lexus in a year the higher your rate. Almost all companies charge to insure your cars based upon how the vehicle is primarily used. Cars that do not get driven very much can get a lower rate than cars that get driven a lot. It’s always a good idea to double check that your car insurance policy shows the correct usage for each vehicle, because it can save money. An improperly rated IS 250 may be costing you.
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Lexus IS 250 statistical loss data – Insurance companies use past loss statistics for each vehicle when they set coverage costs for each model. Vehicles that tend to have higher claim frequency or loss amount will have higher rates. The table below demonstrates the actual insurance loss data for Lexus IS 250 vehicles.
For each policy coverage type, the statistical loss for all vehicles averaged together is represented as 100. Values that are below 100 suggest a better than average loss history, while values over 100 point to more frequent losses or an increased chance of larger losses than average.
Lexus IS 250 Insurance Claim Statistics Vehicle 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
Why you need insurance for your vehicle
Despite the fact that insurance is not cheap in Miami, buying insurance is required by state law in Florida and it also provides benefits you may not be aware of.
First, the majority of states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability insurance coverage in order to be legal. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your IS 250, almost every bank will require you to have full coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the bank may insure your Lexus at an extremely high rate and force you to pay the higher premium.
Third, insurance protects your Lexus IS 250 and your assets. It will also reimburse you for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay to defend you in the event you are sued. If mother nature or an accident damages your car, your insurance policy will pay to repair the damage.
The benefits of buying insurance more than offset the price you pay, specifically if you ever have a liability claim. The average driver in Florida is overpaying over $869 every year so you should quote your policy with other companies at least once a year to make sure the price is not too high.
Affordable auto insurance premiums are out there
We just presented a lot of techniques to reduce Lexus IS 250 insurance car insurance rates online in Miami. The key thing to remember is the more you quote Miami car insurance, the better chance you’ll have of finding affordable Miami car insurance quotes. You may even find the most savings is with a small local company.
When searching for the cheapest Lexus IS 250 rate quotes, you should never buy less coverage just to save a little money. There have been many situations where drivers have reduced full coverage only to regret they didn’t purchase enough coverage. Your aim should be to buy enough coverage for the lowest price and still be able to protect your assets.
People switch companies for a number of reasons such as high rates after DUI convictions, policy cancellation, questionable increases in premium or delays in responding to claim requests. Regardless of your reason for switching companies, finding a new company is pretty easy and you might even save some money in the process.
Additional information
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Who Has the Cheapest Miami Auto Insurance for Good Drivers? (FAQ)
- Who Has Cheap Car Insurance Rates for a Ford Fusion in Miami? (FAQ)
- What Car Insurance is Cheapest for Lyft Drivers in Miami? (FAQ)
- What Auto Insurance is Cheapest for a Hyundai Santa Fe in Miami? (FAQ)
- Anti-Lock Brake FAQ (iihs.org)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- How do I File a Claim? (Insurance Information Institute)