It’s hard to fathom, but the vast majority of insurance customers have been with the same company for at least the last four years, and 38% of customers have never shopped around. Arizona consumers could save $733 each year, but they underestimate how much money they would save if they switch to a new company.
If you want to save money, the best way to get affordable Lexus IS 350 insurance is to regularly compare price quotes from insurance carriers in Mesa. Prices can be compared by following these steps.
Step 1: Spend some time learning about how companies set rates and the measures you can control to keep rates low. Many factors that result in higher prices like at-fault accidents, speeding tickets, and a not-so-good credit history can be amended by making small lifestyle or driving habit changes. Read the full article for additional ideas to help keep rates affordable and find more discounts that you may not know about.
Step 2: Quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like GEICO or State Farm, while independent agencies can give you price quotes from multiple insurance companies.
Step 3: Compare the new rate quotes to the premium of your current policy to determine if you can save on IS 350 insurance. If you find a lower rate quote and make a switch, make sure coverage is continuous and does not lapse.
Step 4: Notify your current company of your decision to cancel your current auto insurance policy and submit the signed application along with the required initial payment to the new insurer. Immediately safely store the certificate of insurance in your vehicle.
An important bit of advice to remember is that you’ll want to compare identical limits and deductibles on each price quote and and to get prices from as many carriers as you can. Doing this helps ensure a level playing field and the best price quote selection.
The purpose of this article is to introduce you to the best ways to compare prices and some tips to save money. If you are insured now, you stand a good chance to be able to lower your rates using this strategy. Shoppers just have to learn the proper methods to shop their coverage around online.
Best companies for affordable Lexus IS 350 insurance in Arizona
The providers in the list below are our best choices to provide quotes in Arizona. If you want to find cheap car insurance in Mesa, we recommend you compare several of them to get a more complete price comparison.
Lexus IS 350 insurance rates and statistics
The table shown below highlights a range of coverage prices for Lexus IS 350 models. Having a good grasp of how auto insurance policy rates are figured is important for drivers to make informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $140 | $284 | $288 | $18 | $86 | $816 | $68 |
| IS 350 C 2-Dr Convertible | $140 | $284 | $288 | $18 | $86 | $816 | $68 |
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rates do not factor in your specific Mesa location which can affect insurance rates noticeably.
Deductible comparison
The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The comparisons below highlight how much more rates are when you choose different insurance deductibles. The first data table uses a $100 deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $324 | $632 | $300 | $18 | $90 | $1,389 | $116 |
| IS 350 C 2-Dr Convertible | $324 | $632 | $300 | $18 | $90 | $1,389 | $116 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $180 | $334 | $300 | $18 | $90 | $922 | $77 |
| IS 350 C 2-Dr Convertible | $180 | $334 | $300 | $18 | $90 | $922 | $77 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Information does not factor in your specific Mesa location which can raise or lower price quotes noticeably.
Using the premium rates above, we can conclude that using a $100 deductible costs an average of $39 more each month or $468 a year than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 23 months between claims, you would save more money by selecting a higher deductible.
The diagram below shows how choosing a deductible and can influence Lexus IS 350 premium costs for different age groups of insureds. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
Full coverage rates compared to liability-only
The chart below shows the comparison of Lexus IS 350 annual premium costs with full coverage compared to only the Arizona minimum liability coverage. The information is based on no claims, a clean driving record, $100 deductibles, single status, and no other discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no written rule to stop paying for physical damage coverage, but there is a broad guideline. If the annual cost of coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s say your Lexus IS 350 claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after paying your deductible. If premiums are more than $600 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some circumstances where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not remove full coverage.
Discounts mean cheaper rates for Lexus IS 350 insurance in Mesa
The cost of insuring your cars can be expensive, but you might already qualify for some discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you get a quote, but occasionally some discounts must be specifically requested prior to receiving the credit.
- Military Rewards – Being deployed with a military unit can result in better premium rates.
- Drivers Education – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course in high school.
- Early Payment Discounts – By paying your policy upfront rather than paying in monthly installments you can actually save on your bill.
- Multi-line Discount – Not all insurance carriers offer life insurance, but some may give you a discounted car insurance rate on car insurance if you buy some life insurance in addition to your auto policy.
- Multiple Cars – Buying coverage for multiple cars with the same company can reduce rates for all insured vehicles.
- Accident Forgiveness – This one is not really a discount per se, but some insurance companies allow you one accident without raising rates if your claims history is clear before the accident.
- Online Discount – A handful of larger companies may give you up to $50 get Mesa auto insurance on their website.
- No Accidents – Mesa drivers who stay claim-free are rewarded with significantly better rates on Mesa auto insurance quote when compared with policyholders that have many claims.
As a disclaimer on discounts, many deductions do not apply to the entire cost. Most only cut the price of certain insurance coverages like medical payments or collision. Just because you may think all those discounts means the company will pay you, you won’t be that lucky. But any discount should help lower the cost of coverage.
The diagram below illustrates the difference between Lexus IS 350 insurance prices with and without policy discounts. The premiums assume a male driver, no tickets, no at-fault accidents, Arizona state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, multi-policy, multi-car, and claim-free discounts applied.
Companies and a partial list of their discounts include:
- American Family may have discounts that include good driver, Steer into Savings, mySafetyValet, multi-vehicle, and early bird.
- State Farm policyholders can earn discounts including safe vehicle, Drive Safe & Save, multiple autos, student away at school, passive restraint, and anti-theft.
- 21st Century offers discounts for early bird, driver training, good student, homeowners, air bags, and student driver.
- Travelers offers discounts including home ownership, good student, save driver, IntelliDrive, student away at school, and driver training.
- GEICO may include discounts for good student, multi-policy, emergency military deployment, air bags, daytime running lights, membership and employees, and anti-theft.
If you need lower rates, check with every company what discounts are available to you. Some of the earlier mentioned discounts may not apply to policyholders in Mesa.
When should I contact an insurance agency?
A lot of people prefer to visit with an insurance agent and doing that can be a smart decision Experienced insurance agents can make sure you are properly covered and will help you if you have claims. One of the great benefits of getting online price quotes is the fact that you can find cheap car insurance quotes and still have an agent to talk to. And supporting local insurance agencies is definitely important in Mesa.
After filling out this short form, the quote information is transmitted to local insurance agents in Mesa who will give competitive quotes for your car insurance coverage. You won’t even need to find an agent on your own since rate quotes are delivered immediately to you. If you need to get a comparison quote from one company in particular, feel free to visit that company’s website to submit a rate quote request.
Choosing an company should depend on more than just the bottom line cost. Any agent in Mesa should have no problem answering these questions:
- By raising physical damage deductibles, how much would you save?
- What discounts might you be missing?
- Can they provide you with a list of referrals?
- Is working in the agency their full-time job?
- Will the agent or a CSR service your policy?
Car insurance companies ranked
Picking the top car insurance provider is difficult considering how many choices drivers have in Arizona. The company information listed below could help you analyze which car insurance providers you want to consider when looking for cheaper rates.
| 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 |
| 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
The best rates come from being thorough
Discount Lexus IS 350 insurance in Mesa can be found both online and with local Mesa insurance agents, so you need to shop Mesa auto insurance with both to get a complete price analysis. Some companies do not provide rate quotes online and most of the time these small, regional companies provide coverage only through independent agencies.
In this article, we covered many tips how you can shop for Lexus IS 350 insurance online. The key concept to understand is the more companies you get premium rates for, the more likely it is that you will get a better rate. You may even be surprised to find that the best price on car insurance is with a small local company.
As you prepare to switch companies, never buy lower coverage limits just to save a few bucks. In too many instances, someone dropped liability limits or collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to find the BEST coverage at the best cost but still have enough coverage for asset protection.
Additional information
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Who Has Affordable Mesa Car Insurance Quotes for Good Drivers? (FAQ)
- Who Has Affordable Auto Insurance for a Ford Explorer in Mesa? (FAQ)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Can I Drive Legally without Insurance? (Insurance Information Institute)