Best Rate Quotes for Lexus IS 350 Insurance in San Francisco

If saving the most money is your goal, then the best way to find affordable quotes for Lexus IS 350 insurance is to make a habit of regularly comparing prices from companies who sell insurance in San Francisco. This can be done by following these steps.

1. Try to learn a little about coverages and the measures you can take to prevent high rates. Many rating factors that cause high rates such as speeding tickets, careless driving and an imperfect credit score can be rectified by making minor changes to your lifestyle.
2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like Progressive or Allstate, while independent agents can provide price quotes from multiple companies.
3. Compare the price quotes to your existing policy and see if there is a cheaper rate. If you can save money and buy the policy, make sure there is no coverage gap between policies.
4. Notify your company or agent to cancel your current car insurance policy and submit payment and a signed application for your new policy. Immediately upon receiving it, place your new proof of insurance certificate in your glove compartment.

The critical component of shopping around is to compare identical deductibles and limits on each quote and and to get price estimates from as many auto insurance providers as possible. Doing this ensures the most accurate price comparison and plenty of rates choose from.

It goes without saying that car insurance companies don’t want you to look for cheaper rates. Drivers who shop for lower prices will, in all likelihood, move their business because there is a great chance of finding a policy with more affordable rates. A recent study showed that people who regularly shopped around saved over $865 annually compared to people who never shopped around for lower prices.

If finding the best price on auto insurance in San Francisco is the reason you’re reading this, then having a grasp of how to quote and compare car insurance can help simplify the task of finding more affordable coverage.

If you are paying for car insurance now, you should be able to find the best rates using the ideas presented in this article. Locating the best rates in San Francisco seems hard but is not really that difficult. Although California car owners can benefit from knowing how insurance companies calculate your car insurance rates and use it to find better rates.

The method we recommend to compare rate quotes for Lexus IS 350 insurance in San Francisco utilizes the fact all the major auto insurance companies will pay a fee to compare rate quotes. The only thing you need to do is give the companies some data including if you require a SR-22, how much education you have, how many miles driven, and if you’re married. Your details gets transmitted to all major companies and they respond with quotes very quickly.

To compare rates for your car now, click here then complete the form.

The companies in the list below provide price quotes in California. If multiple providers are shown, we recommend you click on several of them in order to get a fair rate comparison.

Lexus IS 350 insurance charts and tables

The premium information displayed below showcases different insurance costs for Lexus IS 350 models. Learning as much as possible about how auto insurance prices are figured can be of help when making informed decisions when comparing rate quotes.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price estimates do not factor in vehicle location which can decrease or increase premium rates significantly.

Policy deductibles

One of the most common insurance questions is which deductibles should you choose. The comparison tables below help summarize the price difference between high and low physical damage deductibles. The first data set uses a $100 physical damage deductible and the second pricing table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price information does not factor in vehicle garaging location which can revise prices substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you approximately $38 more each month or $456 annually than opting for the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you usually have at least 11 months between claim filings, you would save more money if you choose a higher deductible.

The example below shows how different deductible levels and can raise or lower Lexus IS 350 premium costs for different age categories. The information is based on a single female driver, comp and collision included, and no additional discounts are factored in.

Difference between liability only and full coverage rates

The example below shows the comparison of Lexus IS 350 insurance prices with full physical damage coverage and with liability coverage only. The data assumes no violations or accidents, $250 deductibles, drivers are not married, and no discounts are applied.

When to stop buying comprehensive and collision coverage

There is no definitive rule to delete comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s pretend your Lexus IS 350 replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after you pay the deductible. If premium cost is more than $400 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some cases where buying only liability insurance is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Cut your auto insurance rates with discounts

Some companies don’t always list every discount in an easy-to-find place, so the next list breaks down some of the more common as well as the least known discounts that you can inquire about if you buy San Francisco auto insurance online.

• Full Payment Discount – If you pay your bill all at once as opposed to paying monthly you could save 5% or more.
• Defensive Driver Discount – Taking time to complete a driver safety course could earn you a small percentage discount if you qualify.
• Renewal Discounts – A few larger companies allow discounts for buying a policy before your current expiration date. It’s a savings of about 10%.
• Bundled Policy Discount – If you insure your home and vehicles with the same insurance company you may earn up to 20% off your total IS 350 insurance premium.
• Military Deployment Discount – Having a deployed family member could trigger a small discount.
• Discount for Low Mileage – Low annual miles could earn cheaper rates.
• Cautious Driver Discounts – Accident-free drivers may receive a discount up to 45% as compared to drivers with claims.
• Homeowners Savings – Just being a homeowner can earn you a little savings due to the fact that maintaining a home requires personal responsibility.

Discounts save money, but please remember that most discounts do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way. Any qualifying discounts will bring down the premium cost.

The chart below shows the difference between Lexus IS 350 yearly insurance costs with and without policy discounts. The premiums assume a male driver, no accidents, no driving violations, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, safe-driver, multi-car, and claim-free discounts applied.

Some of the insurance companies who might offer these money-saving discounts include:

• State Farm
• Farmers Insurance
• Progressive
• GEICO
• Auto-Owners Insurance
• The Hartford
• Farm Bureau
• USAA

If you are trying to find cheaper San Francisco auto insurance quotes, ask each insurance company how you can save money. Savings might not apply in every state. To see providers that offer discounts in California, follow this link.

Three reasons insurance is important

Despite the high insurance cost for a Lexus IS 350 in San Francisco, buying insurance serves an important purpose.

• Most states have mandatory insurance requirements which means state laws require a specific minimum amount of liability if you want to drive legally. 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 you have a loan on your Lexus IS 350, it’s guaranteed your bank will stipulate that you have full coverage to guarantee payment of the loan. If the policy lapses, the lender may insure your Lexus for a lot more money and require you to reimburse them for it.
• Insurance protects both your Lexus and your assets. It will also cover medical expenses that are the result of an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of buying enough insurance definitely exceed the price paid, particularly when you have a large claim. Despite what companies tell you, the average driver overpays as much as $855 a year so you should quote your policy with other companies every year to ensure rates are inline.

Compare rate quotes but still have a local neighborhood San Francisco car insurance agent

A lot of people just want to sit down with an agent and often times that is recommended A good thing about comparing rates online is the fact that you can find lower car insurance rates and still choose a local agent.

For easy comparison, once you complete this form (opens in new window), your insurance coverage information gets sent to agents in your area who want to provide quotes and help you find cheaper coverage. It makes it easy because there is no need to visit any agencies due to the fact that quote results will go to you instantly. You’ll get the best rates AND a local agent. If you want to compare prices from a specific auto insurance provider, just find their quoting web page and submit a quote form there.

Deciding on an insurer requires you to look at more than just the bottom line cost. You should also get answers to these questions.

• What will you get paid if your car is a total loss? How is that amount determined?
• Will the agent or a CSR service your policy?
• Do they offer accident forgiveness?
• What are their preferred companies if they are an independent agency?
• Where would your vehicle be repaired?
• Are you getting all the discounts the company offers?
• What insurance company do they write the most business with?

The difference between San Francisco auto insurance agents

When narrowing the list to find a good San Francisco insurance agent, you should know the types of insurance agents that you can choose from. Agents can be classified as either exclusive agents or independent agents.

Exclusive Agents

Agents of this type can only provide pricing for a single company such as Farmers Insurance and State Farm. Exclusive agents cannot compare rates from other companies so you need to shop around if the rates are high. Exclusive agents are trained well on their company’s products which helps them sell insurance even at higher premiums.

Shown below are exclusive agents in San Francisco that can give you price quotes.

View more agents

Independent Insurance Agents

These agents are not employed by one company and that enables them to quote your coverage through many different auto insurance companies and find you the best rates. To transfer your coverage to a different company, your agent can just switch to a different company and you won’t have to switch agencies. When comparing auto insurance rates, you will definitely want to include price quotes from several independent insurance agents to get the best comparison.

Listed below are independent agencies in San Francisco willing to provide price quote information.

View more agents