It’s safe to conclude that insurance companies want to keep you from shopping around. People who compare rates once a year are very likely to move their business because they have a good chance of getting low-cost coverage. A study discovered that consumers who shopped around every year saved $72 a month compared to people who never compared prices.
If finding the cheapest price for insurance in Fresno is your objective, then having a grasp of how to get free comparison quotes and analyze insurance can save time, money, and frustration.
If you want to find the absolute lowest rates, then the best way to find cheaper quotes for Lexus IS 350 insurance in Fresno is to regularly compare price quotes from insurance carriers who can sell car insurance in California. Rate comparisons can be done by following these steps.
- Spend some time learning about car insurance and the modifications you can make to keep rates down. Many things that are responsible for high rates such as inattentive driving and a low credit rating can be improved by making small lifestyle or driving habit changes. Continue reading for the details to get cheaper coverage and find additional discounts you may qualify for.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from a single company like Progressive or Allstate, while agents who are independent can quote prices from many different companies. Get quotes now
- Compare the new rate quotes to your existing policy and determine if cheaper IS 350 coverage is available. If you can save money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Notify your current company of your intent to cancel your current policy and submit the completed application along with a down payment to the new insurer. As soon as you have the new policy, keep the new certificate verifying coverage with the vehicle registration.
A crucial key to this process is that you use the same amount of coverage on each price quote and and to analyze as many car insurance companies as possible. This provides a level playing field and the best rate selection.
The car insurance companies shown below are our best choices to provide free quotes in California. If multiple companies are listed, it’s a good idea that you get prices from several of them to get the most affordable price.
Lexus IS 350 coverage statistics
The coverage table displayed next covers different insurance policy prices for Lexus IS 350 models. Being more informed about how rate quotes are calculated can be useful when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $258 | $482 | $450 | $26 | $134 | $1,350 | $113 |
| IS 350 C 2-Dr Convertible | $258 | $482 | $450 | $26 | $134 | $1,350 | $113 |
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Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Price information does not factor in specific garaging location which can modify prices considerably.
Physical damage deductible comparison
One common question asked by Fresno drivers is how high or low should comp and collision deductibles be. The premium rates below approximate the rate difference between low and high physical damage deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| IS 350 C 2-Dr Convertible | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $266 | $490 | $442 | $26 | $132 | $1,356 | $113 |
| IS 350 C 2-Dr Convertible | $266 | $490 | $442 | $26 | $132 | $1,356 | $113 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price information does not factor in specific location information which can alter prices considerably.
Based on the above data, using a $250 deductible will cost you roughly $40 more each month or $480 annually than requesting the higher $1,000 deductible. Since 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 have at a minimum 19 months between claim filings, you would save more money by going with a higher deductible.
How to calculate deductible break even period
| Average monthly premium for $250 deductibles: | $153 |
| Average monthly premium for $1,000 deductibles (subtract): | – $113 |
| Monthly savings from raising deductible: | $40 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $40 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One important caveat is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket when you file a claim. You need to have some non-essential savings in the event you have to pay the higher deductible.
The information below illustrates how your deductible choice and can change Lexus IS 350 insurance prices for each different age group. Data assumes a married female driver, comprehensive and collision coverage, and no other discounts are factored in.
Auto insurance protects more than just your car
Despite the high insurance cost for a Lexus IS 350 in Fresno, auto insurance is not optional due to several reasons.
- Most states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability in order to be legal. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your vehicle has a lienholder, it’s most likely the lender will make it a condition of the loan that you have physical damage coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank may insure your Lexus at an extremely high rate and force you to pay for the much more expensive policy.
- Auto insurance preserves not only your Lexus but also your assets. Insurance will pay for medical transport and hospital expenses that are the result of an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you cause an accident and are sued. If your car is damaged in a storm or accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance outweigh the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer is wasting up to $869 every year so it’s important to compare rates at every renewal to help ensure money is not being wasted.
Tailor your car insurance coverage to you
When quoting and comparing a policy, there really is no perfect coverage plan. You are unique.
These are some specific questions can aid in determining if you could use an agent’s help.
- How many claims can I have before being canceled?
- Am I covered if I hit a deer?
- When should I drop full coverage on my Lexus IS 350?
- How much cheaper are high deductibles?
- Is a fancy paint job covered?
- Does my car insurance cover rental cars?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and may give you better protection.
Insurance coverages and their meanings
Understanding the coverages of your insurance policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.
Comprehensive protection
Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against things like damage from a tornado or hurricane, hail damage, vandalism, damage from getting keyed and a broken windshield. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Medical expense coverage
Med pay and PIP coverage reimburse you for short-term medical expenses for chiropractic care, pain medications, EMT expenses, hospital visits and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Liability
Liability insurance can cover damage or injury you incur to other people or property. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 15/30/5 which stand for a limit of $15,000 per injured person, a total of $30,000 of bodily injury coverage per accident, and property damage coverage for $5,000.
Liability insurance covers things such as legal defense fees, attorney fees, bail bonds, structural damage and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but consider buying as much as you can afford. California requires drivers to carry at least 15/30/5 but you should consider buying higher limits.
The chart below shows why buying low liability limits may not provide adequate coverage.
Collision coverage protection
Collision insurance pays to fix your vehicle from damage resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like driving through your garage door, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible on your IS 350 to get cheaper collision coverage.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Lexus IS 350.
Since a lot of drivers have only the minimum liability required by law (15/30/5), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.
How to find a good California auto insurance company
Choosing the right company is difficult considering how many companies sell coverage in California. The ranking information shown below can help you analyze which providers to look at when comparing rate quotes.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
More effort can pay off
We just showed you quite a bit of information on how to reduce Lexus IS 350 insurance rates online in Fresno. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the best rates are with a smaller regional carrier.
While you’re price shopping online, do not buy less coverage just to save a little money. There are a lot of situations where an insured cut liability limits or collision coverage only to regret at claim time that the savings was not a smart move. Your strategy should be to purchase plenty of coverage at the best possible price, but don’t skip important coverages to save money.
Drivers change insurance companies for a variety of reasons including questionable increases in premium, lack of trust in their agent, poor customer service or policy cancellation. It doesn’t matter why you want to switch switching car insurance companies is actually quite simple.
Other resources
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Who Has the Cheapest Auto Insurance for Real Estate Agents in Fresno? (FAQ)
- Who Has the Cheapest Auto Insurance for a Learners Permit in Fresno? (FAQ)
- Who Has Cheap Auto Insurance for College Graduates in Fresno? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Toyota Tacoma in Fresno? (FAQ)
- Who Has Affordable Auto Insurance with Multiple Speeding Tickets in Fresno? (FAQ)
- Who Has Affordable Fresno Car Insurance Rates for Young Drivers? (FAQ)
- Who Has Cheap Fresno Auto Insurance for a Toyota RAV4? (FAQ)
- Crash Avoidance Technologies FAQ (iihs.org)
- Understanding Rental Car Insurance (Insurance Information Institute)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Things to Know Before you Cancel Insurance (Allstate)