Cheapest Lexus IS 250 Insurance in Toledo

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It's an obvious assumption that insurance companies want to keep you from comparing prices. Insureds who do rate comparisons are inclined to switch to a new company because of the high probability of finding a lower-priced company. A recent study showed that drivers who compared prices once a year saved as much as $850 each year as compared to drivers who never shopped around.

If saving money on Lexus IS 250 insurance is the reason you're reading this, then having an understanding of the best way to compare car insurance can help make the process easier.

Insurance rates Lexus IS 250 in ToledoIf you want to find the absolute lowest rates, then the best way to find better pricing on Lexus IS 250 insurance in Toledo is to compare quotes once a year from insurers in Ohio.

  1. Read and learn about auto insurance and the things you can control to prevent high rates. Many rating factors that result in higher rates like traffic citations, accidents, and an unacceptable credit history can be rectified by making minor driving habit or lifestyle changes. This article gives ideas to lower rates and find missing discounts.
  2. Compare price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like Progressive and State Farm, while agents who are independent can quote prices from multiple insurance companies. Find a Toledo insurance agent
  3. Compare the new rate quotes to your existing policy and see if there is a cheaper rate in Toledo. If you find a lower rate, ensure coverage does not lapse between policies.
  4. Give proper notification to your current agent or company to cancel your existing policy and submit any necessary down payment along with the completed application to your new agent or company. Be sure to store the certificate of insurance with the vehicle registration.

The most important part of this process is that you use the same physical damage deductibles and liability limits on every quote request and and to look at every company you can. This guarantees an accurate price comparison and a thorough selection of prices.

If you have car insurance now, you should be able to save money using the tips covered below. Locating the best rates in Toledo is not that difficult as long as you know where to start. Although Ohio drivers must learn the way companies market on the web.

Lexus IS 250 insurance charts and tables

The information shown below showcases a range of prices for Lexus IS 250 models. Being able to understand how car insurance prices are formulated can be of help when making smart choices when selecting a policy.

Lexus IS 250 Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $170 $412 $218 $12 $66 $878 $73
IS 250 AWD 4-Dr $190 $412 $218 $12 $66 $898 $75
IS 250 C 2-Dr Convertible $190 $412 $256 $16 $76 $950 $79
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Price information does not factor in specific location information which can increase or decrease premiums noticeably.

An analysis of deductible level

One of the more difficult decisions when buying insurance is how high should the physical damage coverage deductibles be. The following tables lay out the rate differences when you buy lower versus higher policy deductibles. The first data table uses a $100 deductible and the second rate table uses a $1,000 deductible.

Lexus IS 250 insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $220 $478 $192 $12 $58 $985 $82
IS 250 AWD 4-Dr $246 $478 $192 $12 $58 $1,011 $84
IS 250 C 2-Dr Convertible $246 $478 $226 $14 $68 $1,057 $88
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Lexus IS 250 insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $122 $252 $192 $12 $58 $636 $53
IS 250 AWD 4-Dr $136 $252 $192 $12 $58 $650 $54
IS 250 C 2-Dr Convertible $136 $252 $226 $14 $68 $696 $58
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Premium amounts do not factor in vehicle garaging location which can decrease or increase premium rates significantly.

Based on the above data, using a $100 deductible costs about $30 more each month or $360 annually than quoting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 30 months between claim filings, you would probably come out ahead if you choose a higher deductible.

The chart below highlights how deductible selection and can change Lexus IS 250 insurance premiums for each different age category. The data assumes a single female driver, full physical damage coverage, and no other discounts are factored in.

Men versus women drivers and insurance cost

The diagram below shows the difference between Lexus IS 250 premium costs for male and female drivers. The information is based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, single marital status, and no policy discounts are applied.

How Insurance Companies Determine Lexus IS 250 Insurance Prices

Many different elements are used in the calculation when you get a price on insurance. Some factors are common sense such as traffic violations, but some are less obvious like where you live or your financial responsibility. One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that are used to determine your policy premiums. When consumers understand what controls the rates you pay, this allows you to make educated decisions that can help you get much lower annual insurance costs.

The list below includes some of the items used by insurance companies to determine rates.

  • Employer reflects on prices - Did you know your car insurance rates can be affected by your occupation? Occupations such as military personnel, architects, and dentists have higher rates than the rest of us because of high stress and incredibly demanding work hours. Other jobs such as farmers, engineers and performers get better rates.
  • Little extras can really add up - Policies have optional add-on coverages that can add up if you aren't careful. Insurance for coverage for rental cars, death and dismemberment, and additional equipment coverage could be just wasting money. These may sound like a good investment when you first buy your policy, but now you might not need them so consider taking them off your policy.
  • Don't cut corners with liability - Liability insurance will afford coverage when you are found liable for an accident. Liability provides legal defense coverage up to the limits shown on your policy. Liability is cheap compared to other policy coverages, so do not cut corners here.
  • File car insurance claims and pay more - Car insurance companies in Ohio provide better rates to drivers who only file infrequent claims. If you file a lot of claims you can expect increased rates or even have your policy non-renewed. Your car insurance is meant to be used in the event of the bigger claims that can't be paid out-of-pocket.
  • Obey driving laws and save - Drivers who don't get tickets tend to pay less for car insurance compared to drivers with tickets. Having a single speeding ticket or other violation may increase your cost to the point where it's not affordable. Drivers with dangerous tickets such as DUI or willful reckless driving may need to submit a SR-22 form to the state department of motor vehicles in order to prevent their license from being revoked.

    The information below shows how violations and accident claims can raise Lexus IS 250 car insurance costs for each different age group. The premiums assume a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.

  • Annual mileage and car insurance prices - The more you drive in a year the more you'll pay to insure your vehicle. Almost all companies calculate rates based on their usage. Autos that are left in the garage get more affordable rates than those used for commuting. Incorrect rating for your IS 250 can cost quite a bit. It's a good idea to make sure your car insurance policy correctly shows the correct usage, because improper ratings can cost you money.
  • Insurance loss data for a Lexus IS 250 - Insurers analyze past claim statistics to calculate a rate that will offset losses. Vehicles that the statistics show to have a higher amount or frequency of claims will have higher premium rates.

    The information below illustrates the compiled insurance loss statistics for Lexus IS 250 vehicles. For each insurance policy coverage type, the claim probability for all vehicles, as a total average, is a value of 100. Values under 100 suggest a positive loss record, while numbers shown that are more than 100 indicate more frequent claims or tendency to have larger claims.

    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
    BETTER
    AVERAGE
    WORSE

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

What is the best car insurance company in Ohio?

Picking a high-quality auto insurance provider is difficult considering how many companies there are to choose from in Ohio. The company rank data below can help you choose which insurers you want to consider comparing prices from.

Top Car Insurance Companies in Ohio
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Insure.com Best Car Insurance Companies

Cheaper car insurance is a realistic goal

A few companies do not offer rates over the internet and many times these regional carriers work with independent insurance agencies. More affordable car insurance in Toledo can be found online in addition to many Toledo insurance agents, so you should compare both to have the best selection.

As you restructure your insurance plan, it's very important that you do not buy poor coverage just to save money. There have been many situations where an insured cut full coverage only to regret that they should have had better coverage. The aim is to buy the best coverage you can find at the best cost while still protecting your assets.

In this article, we covered some good ideas how you can shop for Lexus IS 250 insurance online. It's most important to understand that the more times you quote, the better your comparison will be. You may even be surprised to find that the biggest savings come from the least-expected company. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate or State Farm.

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