Save on Lexus IS 350 Insurance in Seattle

Want low-cost Lexus IS 350 insurance in Seattle? Are you kicking yourself for buying overpriced Lexus IS 350 insurance in Seattle? Say no more because many Seattle consumers are in the same pinch.

Sad but true, a large majority of drivers in Washington kept their coverage with the same auto insurance company for at least four years, and 38% of customers have never compared rates with other companies. American insurance shoppers can save up to $850 each year just by shopping around, but most just don’t grasp the actual amount they would save if they switched.

With so many options for buying cheap insurance for a Lexus IS 350 in Seattle, it is hard for the average consumer to pick a lower cost insurance company.

Our objective is to help educate you on the best way to buy inexpensive car insurance. If you have a current car insurance policy, you will be able to buy cheaper car insurance using the concepts you’re about to learn. Although Washington vehicle owners need to have an understanding of how insurance companies set your policy premium because rates are impacted by many factors.

Cheaper Seattle car insurance quotes with discounts

Companies don’t list the complete list of policy discounts very clearly, so we researched some of the best known and also the lesser-known ways to save on car insurance.

• Drivers Education – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class as it will make them better drivers and lower rates.
• Memberships – Joining a professional or civic organization could earn you a nice discount on your next car insurance statement.
• Paperless Signup – Many car insurance companies will provide an incentive for buying a policy and signing up on their website.
• Discounts for Cautious Drivers – Insureds who avoid accidents can pay as much as 50% less compared to accident prone drivers.
• Theft Prevention System – Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
• Claim-Free Discount – Claim-free drivers are rewarded with significantly better rates on Seattle auto insurance quote in comparison to policyholders that have many claims.
• Pay Now and Pay Less – By paying your policy upfront rather than spreading payments over time you can avoid the installment charge.
• Discount for Multiple Policies – When you combine your auto and home insurance and insure them with the same company they may give you a discount of 10% to 20% off each policy.
• Renewal Discounts – A few insurance companies allow discounts for buying a policy prior to the expiration date on your current IS 350 insurance policy. This discount can save up to 10%.
• Use Seat Belts – Forcing all vehicle occupants to fasten their seat belts could save 15% off the medical payments premium.

Just know that most credits do not apply to your bottom line cost. A few only apply to individual premiums such as comprehensive or collision. Just because it seems like all those discounts means the company will pay you, you aren’t that lucky.

A few companies who may offer most of these discounts may include but are not limited to:

• Progressive
• SAFECO
• American Family
• MetLife
• GEICO
• The Hartford

Before buying, ask each insurance company to apply every possible discount. A few discounts might not be offered on policies in Seattle. For a list of providers who offer discounts in Washington, click here to view.

Where can I get the cheapest Seattle Lexus IS 350 insurance?

When comparison shopping, more quotes will increase your chances of finding the best offered rates. Not every company does online price quotes, so it’s necessary to compare rates from them, too.

The companies in the list below can provide free quotes in Seattle, WA. If multiple companies are listed, we recommend you compare several of them to get the lowest price.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Washington minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in garaging location in Seattle which can raise or lower coverage prices significantly.

How high should deductibles be?

The hardest decision when buying coverage is how high should the deductibles for physical damage be. The comparison tables below can help show the rate differences when you buy lower versus higher physical damage deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Washington minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Prices do not factor in specific location which can change auto insurance rates substantially.

Based on the figures above, using a $250 deductible could cost the average driver approximately $28 more each month or $336 annually than requesting the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 27 months between claims, you would probably save some money if you decide on a higher deductible.

Should you raise deductibles?

The chart below shows how different deductible levels and can affect Lexus IS 350 insurance premiums for different ages of insureds. Data assumes a married female driver, comprehensive and collision coverage, and no discounts are applied.

Compare prices but work with a local Seattle insurance agency

A small number of people still like to talk to a local agent and that can be a great decision One of the great benefits of comparing rate quotes online is that you can find cheaper premium rates but still work with a licensed agent. And providing support for local agencies is important especially in Seattle.

To help locate an agent, after submitting this short form, your coverage information is submitted to agents in your area who will gladly provide quotes to get your business. It simplifies rate comparisons since you won’t have to search for an agent because prices are sent to you. You can most likely find cheaper rates AND a local agent. In the event you want to get a price quote from one company in particular, just navigate to their website and fill out their quote form.

If you are wanting to find a good insurance agency, it can be helpful to understand the different types of agencies to choose from. Agents in Seattle are considered either independent agents or exclusive agents depending on their employer.

Independent Auto Insurance Agents (or Brokers)

Agents that elect to be independent are normally appointed by many insurers so as a result can place your coverage with lots of companies and find the cheapest auto insurance rates. If you want to switch companies, your agent can just switch to a different company which makes it simple for you. If you are comparing auto insurance prices, you will want to get several quotes from a few independent agents to ensure the widest selection of prices.

Below is a partial list of independent agencies in Seattle that may be able to provide pricing information.

More Seattle agents

Exclusive Auto Insurance Agencies

These type of agents have only one company to place business with and some examples include AAA, Allstate, and State Farm. They are unable to provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agents are trained well on their company’s products and that enables them to sell even at higher rates.

Listed below are exclusive agencies in Seattle that can give you price quotes.

More Seattle agents

Picking the best car insurance agent needs to be determined by more than just a cheap quote. The questions below may impact your decision as well.

• How many companies do they write for?
• Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
• Do the coverages you’re quoting properly cover your vehicle?
• Will your rates increase after a single accident?
• Are they able to influence company decisions when a claim is filed?
• Which company do they place the most coverage with?

The coverage is in the details

Knowing the specifics of auto insurance aids in choosing which coverages you need and proper limits and deductibles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average auto insurance policy.

Comprehensive or Other Than Collision

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, rock chips in glass, a broken windshield and damage from getting keyed. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto collision coverage

This coverage pays for damage to your IS 350 resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as backing into a parked car, hitting a mailbox and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible on your IS 350 to bring the cost down.

Medical costs insurance

Med pay and PIP coverage pay for bills like nursing services, X-ray expenses, dental work, rehabilitation expenses and funeral costs. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Liability

This coverage will cover damage or injury you incur to a person or their property in an accident. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/10 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property. Some companies may use a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as legal defense fees, repair bills for other people’s vehicles, medical expenses, funeral expenses and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible. Washington state law requires minimum liability limits of 25/50/10 but you should think about purchasing better liability coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as damage to your Lexus IS 350.

Because many people have only the minimum liability required by law (Washington limits are 25/50/10), their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Smart shoppers get results

As you prepare to switch companies, do not reduce coverage to reduce premium. In many cases, consumers will sacrifice liability coverage limits only to discover later they didn’t have enough coverage. The ultimate goal is to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

In this article, we presented a lot of ways to lower your Lexus IS 350 insurance premium rates in Seattle. The key thing to remember is the more quotes you get, the better likelihood of getting the cheapest Lexus IS 350 rate quotes. You may even find the lowest priced insurance comes from a small local company. Some small companies may only write in your state and offer lower prices than the large multi-state companies such as Progressive or GEICO.

Much more information about insurance in Washington can be read below:

• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
• Who Has Affordable Seattle Car Insurance Rates for Low Credit Scores? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for a Nissan Altima in Seattle? (FAQ)
• Who Has Cheap Car Insurance Rates for Teachers in Seattle? (FAQ)
• Who Has Cheap Seattle Car Insurance Quotes for Active Military? (FAQ)
• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
• Auto Insurance FAQ (Farmers Insurance)