Save Money on Lexus IS 350 Insurance in Boston

Want to know an easy way to compare more affordable Lexus IS 350 insurance in Boston? If you’re trying to find lower-priced insurance online, are you intimidated by the crazy number of car insurance sources available to you? Massachusetts vehicle owners have such a large number of options that it can turn into a chore to locate the lowest car insurance rates for Lexus IS 350 insurance in Boston. Lots of people think Boston is a wonderful place to live, but getting gouged by high car insurance rates can make it nearly impossible to purchase enough protection.

Steps to buying affordable Lexus IS 350 insurance in Boston

Really, the only way to get cheaper auto insurance rates in Boston is to regularly compare quotes from providers in Massachusetts. Rates can be compared by completing these steps.

• First, read and learn about how auto insurance works and the modifications you can make to prevent expensive coverage. Many risk factors that cause high rates like accidents, traffic violations, and a substandard credit score can be controlled by making minor changes to your lifestyle. Later in this article we will cover the details to lower rates and find possible discounts that are available.
• Second, request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive and State Farm, while independent agencies can provide prices from multiple insurance companies.
• Third, compare the new quotes to the premium of your current policy and determine if cheaper IS 350 coverage is available in Boston. If you can save money and switch companies, ensure there is no coverage lapse between policies.

The most important part of shopping around is to make sure you enter the same deductibles and limits on every quote request and and to get prices from as many companies as possible. Doing this guarantees a fair rate comparison and a good representation of prices.

It’s easy to assume that insurance companies don’t want you quoting rates from other companies. Consumers who perform rate comparisons will, in all likelihood, buy a new policy because there is a high probability of finding a lower-priced policy. A recent survey found that consumers who routinely shopped around saved $72 a month compared to policyholders who never shopped around for lower prices.

If finding budget-friendly car insurance in Boston is why you’re reading this, understanding how to shop for coverage rates can make it simple to find affordable coverage.

There are several ways to compare prices from companies that offer insurance in Massachusetts. The quickest method to find affordable Lexus IS 350 insurance rates consists of obtaining rate quotes online. Just remember that more quotes increases your odds of finding a lower rate.

The providers in the list below are our best choices to provide comparison quotes in Boston, MA. If your goal is to find cheap auto insurance in Boston, we suggest you visit several of them to get the cheapest price.

Premium rates and analysis

The price information displayed below outlines a range of insurance costs for Lexus IS 350 models. Learning how auto insurance policy rates are determined can help you make informed decisions when shopping around for a new policy.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rate information does not factor in zip code location which can alter prices significantly.

Comparison of policy deductibles

One common question asked by Boston drivers is which comprehensive and collision deductibles to buy. The figures shown below can help you visualize the rate fluctuation of buying low and high coverage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second rate table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rates do not factor in vehicle garaging location which can alter premium rates substantially.

Using the premium rates above, we can conclude that using a $250 deductible costs about $30 more each month or $360 a year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 25 months between claim filings, you would most likely save money if you elect the higher deductible.

Safe drivers pay less for insurance

The example below highlights how speeding tickets and accident claims can influence Lexus IS 350 premium costs for different age categories. The rates are based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.

Lexus IS 350 full coverage rates compared to liability only

The information below shows the difference between Lexus IS 350 insurance rates with full coverage compared to only the Massachusetts minimum liability coverage. The information is based on no claims or driving violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Deciding between full coverage and liability only

There is no exact formula for dropping comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Lexus IS 350 settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after you pay the deductible. If you are paying more than $300 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some conditions where only buying liability is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not remove full coverage.

Lexus IS 350 Insurance Premiums Can Be Lower

Many different elements are considered when pricing auto insurance. Some are obvious such as your driving history, but other factors are less apparent like your continuous coverage or your vehicle rating. The best way to find cheaper auto insurance is to take a look at the rating factors that are used to determine your premiums. When you understand what determines premiums, this allows you to make good choices that could help you find lower auto insurance prices.

The following are a partial list of the pieces utilized by car insurance companies to help set rates.

• Your stress level may be raising your rates – Did you know your auto insurance rates can be affected by your occupation? Occupations such as lawyers, business owners, and stock brokers generally pay the highest rates because of high stress and incredibly demanding work hours. On the flip side, professions such as professors, athletes and retirees generally pay rates lower than average.

• Are males or females drivers cheaper? – Statistics have proven females are less aggressive when driving. However, this does not mean females are better drivers. Both sexes have at-fault accidents at a similar rate, but males tend to have more serious accidents. In addition to higher claims, males also get cited for more serious violations such as DWI and reckless driving.

  The information below illustrates the difference between Lexus IS 350 insurance costs for male and female drivers. The rate quotes are based on no claims or driving citations, full coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

• Your location is a factor – Choosing to live in a rural area can save you money when shopping for auto insurance. Fewer people means a lower chance of having an accident and a lower car theft rate. City drivers regularly have more aggressive driving styles and more severe claims. More time behind the wheel statistically corresponds to a higher accident and claim rate.
• Lower rates with a multi-policy discount – Most larger companies give better rates to buyers that have more than one policy, otherwise known as a multi-policy discount. This can amount to 10 percent or more. Even if you already get this discount, consumers should still compare other company rates to help guarantee you have the best rates.
• Alarms and GPS tracking lower auto insurance rates – Choosing to buy a car with a theft deterrent system can save you a little every year. Theft prevention features like OnStar, LoJack tracking, and tamper alarms all help stop auto theft.

• Lexus IS 350 insurance loss statistics – Insurers analyze historical claim data when they set coverage costs for each model. Models that the data determines to have a trend towards higher claims will cost more for coverage.

  The table shown below demonstrates the insurance loss data used by companies for Lexus IS 350 vehicles. For each coverage category, the statistical loss for all vehicles averaged together is represented as 100. Percentages below 100 represent a good loss history, while numbers above 100 indicate frequent claims or statistically larger losses.

  
  

  Car Insurance Loss Data for Lexus IS 350 Models

  Specific Lexus Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Lexus IS 350 4dr 2WD	165	88	186	101
  Lexus IS 350 4dr 4WD	200	72	206
  Lexus IS 350 Convertible	98

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Three reasons car insurance is important

Despite the fact that car insurance is not cheap in Boston, car insurance serves an important purpose.

• Most states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability protection in order to drive the car legally. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you have a lien on your Lexus IS 350, it’s most likely the lender will require that you carry insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender may have to buy a policy to insure your Lexus at a more expensive rate and force you to pay a much higher amount than you were paying before.
• Insurance protects not only your Lexus IS 350 but also your financial assets. Insurance will also pay for medical transport and hospital expenses incurred in an accident. As part of your policy, liability insurance will also pay to defend you if someone files suit against you as the result of an accident. If your Lexus gets damaged, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying car insurance greatly outweigh the cost, particularly for liability claims. The average driver in Massachusetts overpays as much as $830 a year so it’s very important to do a rate comparison at every renewal to save money.

Boston auto insurance company ratings

Buying coverage from the right auto insurance company can be challenging considering how many choices you have in Boston. The company rank data shown below may help you analyze which coverage providers you want to consider comparing rate quotes with.

Top 10 Boston Car Insurance Companies Overall

1. The General
2. Mercury Insurance
3. Titan Insurance
4. The Hartford
5. Progressive
6. Travelers
7. State Farm
8. Farmers Insurance
9. Safeco Insurance
10. USAA

Top 10 Boston Car Insurance Companies Ranked by Claims Service

1. Progressive
2. USAA
3. Liberty Mutual
4. State Farm
5. GEICO
6. Titan Insurance
7. Nationwide
8. Allstate
9. The General
10. 21st Century