Compare Lexus IS 250 Insurance Rates in Plano

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Insurance rates Lexus IS 250 in PlanoSearching for more competitive Lexus IS 250 insurance in Plano? Finding the cheapest insurance for your Lexus IS 250 in Texas can be a lot of work, but you can follow these tips to save time.

There is a right way and a wrong way to shop for auto insurance and we'll show you the best way to price shop coverage for a Lexus and find the cheapest rates.

Which Lexus IS 250 insurance is cheapest in Plano, Texas?

Most of the larger companies like Allstate, GEICO and Progressive allow consumers to get price estimates from their websites. Getting online quotes for Lexus IS 250 insurance in Plano is pretty easy as all you need to do is type in the coverages you want into the form. When the form is submitted, the system obtains your driving record and credit report and provides a quote based on the data you entered.

The ability to get online price quotes for Lexus IS 250 insurance in Plano simplifies rate comparisons, and it's also necessary to compare as many rates as possible if you want to get the best auto insurance rates.

To find out how much you can save on auto insurance, take a look at the companies shown below. If you have your current policy handy, we recommend you replicate the coverage information exactly as shown on your declarations page. This ensures you will have a rate comparison for similar insurance coverage.

The car insurance companies shown below are ready to provide quotes in Plano, TX. If you want cheaper car insurance in Plano, we recommend you visit two to three different companies to find the most affordable car insurance rates.

Earn discounts on Plano insurance

Companies do not advertise all their discounts very clearly, so we took the time to find a few of the more well known and also the more inconspicuous credits available to you.Cheaper insurance with discounts

  • Anti-theft System - Cars and trucks with anti-theft systems are stolen less frequently and that can save you a little bit as well.
  • Discounts for Multiple Vehicles - Drivers who insure multiple vehicles with the same company can reduce the rates for all insured vehicles.
  • Military Deployment Discount - Having a family member in the military could be rewarded with lower insurance rates.
  • Driver Education Discount - Require your teen driver to participate in a local driver's education class if offered at their school.
  • Paper-free Discount - A handful of companies give back up to $50 for completing your application digitally online.
  • Seat Belts Save - Drivers who require all vehicle occupants to wear their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.

Discounts reduce rates, but you should keep in mind that most discounts do not apply to your bottom line cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you can get free auto insurance, you're out of luck.

The information below illustrates the difference between Lexus IS 250 premium costs with and without discounts applied to the premium. The information is based on a male driver, no claims or violations, Texas state minimum liability limits, full 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, safe-driver, claim-free, marriage, and multi-car discounts applied.

To see insurance companies that offer discounts in Texas, click here to view.

Lexus IS 250 insurance rates and statistics

The data table below covers different insurance costs for Lexus IS 250 models. Being aware of how insurance premiums are established can help guide drivers when making informed coverage decisions.

Lexus IS 250 Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $286 $660 $340 $20 $102 $1,408 $117
IS 250 AWD 4-Dr $318 $660 $340 $20 $102 $1,440 $120
IS 250 C 2-Dr Convertible $318 $660 $400 $24 $120 $1,522 $127
Get Your Own Custom Quote Go

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in Plano location which can raise or lower coverage rates substantially.

Insurance deductibles

One frequently asked question is which deductibles should you choose. The comparisons below may help to illustrate the rate difference when you buy lower versus higher deductibles. The first table uses a $100 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Lexus IS 250 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $370 $804 $324 $20 $96 $1,639 $137
IS 250 AWD 4-Dr $412 $804 $324 $20 $96 $1,681 $140
IS 250 C 2-Dr Convertible $412 $804 $382 $22 $114 $1,759 $147
Get Your Own Custom Quote Go
Lexus IS 250 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $270 $542 $324 $20 $96 $1,252 $104
IS 250 AWD 4-Dr $300 $542 $324 $20 $96 $1,282 $107
IS 250 C 2-Dr Convertible $300 $542 $382 $22 $114 $1,360 $113
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price estimates do not factor in your specific Plano location which can raise or lower coverage prices noticeably.

Based on the data above, we can derive that using a $100 deductible costs roughly $33 more each month or $396 for a full year than opting for the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 12 months between claim filings, you would save more money by going with a higher deductible.

Lexus IS 250 insurance premiums by gender

The information below illustrates the difference between Lexus IS 250 insurance costs for male and female drivers. The rates are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

Should you buy full coverage?

The chart below illustrates the difference between Lexus IS 250 insurance prices when comparing full coverage to state minimum liability only. The prices are based on no claims or violations, $100 deductibles, single marital status, and no discounts are factored in.

Are you wasting money paying for full coverage?

There is no definitive rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let's pretend your Lexus IS 250 settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after the policy deductible has been paid. If you are currently paying more than $400 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some circumstances where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should keep full coverage.

Neighborhood insurance agents

Many people still like to buy from a local agent and often times that is recommended Experienced insurance agents can help you build your policy and will help you if you have claims. A nice benefit of getting free rate quotes online is the fact that drivers can get cheaper rates and still buy from a local agent. And providing support for local agents is important particularly in Plano.

Upon completion of this quick form, your insurance coverage information is transmitted to participating agents in Plano who can give free rate quotes for your business. You won't even need to find an agent as quotes are delivered directly to you. If you wish to get a price quote for a specific company, you would need to jump over to their website and complete a quote there.

Auto insurance agents in Plano come in two varieties

If you want a reliable insurance agent, it's important to understand the different types of agencies that differ in how they can insure your vehicles. Insurance agencies in Plano can be described as either independent agents or exclusive agents depending on their employer. Either one can provide auto insurance policies, but it is important to understand the difference between them because it may have an impact on buying decisions.

Independent Auto Insurance Agents

These type of agents can quote rates with many companies so they can insure your vehicles with lots of companies and possibly get better coverage at lower prices. If you want to switch companies, they simply move your policy to a different company and you won't have to switch agencies. When searching for an agent, we recommend you get insurance quotes from several independent agencies to ensure the widest selection of prices. Most also write with small mutual carriers who may have lower rates.

Featured below is a small list of independent insurance agencies in Plano who may provide free price quotes.

View more Plano agents

Exclusive Insurance Agencies

Agents in the exclusive channel normally can only provide a single company's rates and examples are American Family, State Farm, and Allstate. They generally cannot place coverage with different providers so always compare other rates. Exclusive agents are usually quite knowledgeable on their company's products which helps them sell on service rather than price. Some insured continue to use the same agent partially due to the brand name rather than having low rates.

Below is a short list of exclusive agents in Plano that are able to give price quote information.

View more Plano agents

Picking the best auto insurance agent needs to be determined by more than just a low price. Before buying a policy in Plano, get answers to these questions.

  • How long has the business existed?
  • Do they assist clients in filing claims?
  • Do the agents have professional certifications like CPCU or CIC?
  • Can they give you a list of client referrals?
  • Which insurance companies are they affiliated with?
  • Are they in the agency full-time?
  • Is the agency involved in supporting local community causes?

Choices You Make Can Impact Your Insurance Premiums

Many different elements are taken into consideration when you get your auto insurance bill. Some are pretty understandable such as traffic violations, but some are more transparent such as whether you are married or how safe your car is.

No car insurance gaps is important - Not having insurance can get your license suspended and as a result your rates will increase for letting your coverage lapse. Not only will you pay more, being ticketed for driving with no insurance might get you a fine, jail time, or a revoked license.

Liability coverage - Liability coverage will afford coverage in the event that you are determined to be liable for causing damage or personal injury in an accident. Liability insurance provides legal defense up to the limits shown on your policy. It is affordable coverage when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.

Car and home together may be cheaper - Most major companies will award discounts to buyers who carry more than one policy. It's known as a multi-policy discount. Discounts can add up to ten percent or more. Even with this discount, consumers should still compare Lexus IS 250 rates in Plano to help ensure you have the lowest rates.

Where you live factors in - Choosing to live in a rural area is a good thing when insuring your vehicles. Drivers who live in large cities have more traffic problems and more severe claims. Fewer drivers means less chance of accidents as well as less vandalism and auto theft.

Save money by having responsible credit - Having a bad credit score is a large factor in calculating your premium rate. So if your credit score is not that good, you could pay less to insure your Lexus IS 250 if you clean up your credit. Insureds that have very good credit scores tend to file fewer claims than drivers with bad credit.

Your car's features help determine prices - Owning a car that has a built-in theft deterrent system can help lower your rates. Advanced theft deterrents like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart car theft.

Only buy extra policy coverages you need - Insurance companies have many extra bells and whistles that can add up if you aren't diligent. Coverages like replacement cost coverage, better glass coverage, and extra life insurance coverage may not be needed and are just wasting money. The coverages may be enticing at first, but if you have no use for them eliminate them to save money.

Lexus IS 250 historical loss data - Insurers include the past claim history for a vehicle to help calculate a profitable premium rate. Models that the data shows to have higher prevalence or dollar amount of losses will have higher premium rates. The table below shows the loss history for Lexus IS 250 vehicles.

For each policy coverage, the claim probability for all vehicles combined as an average is a value of 100. Values that are 100 or less represent a good loss history, while values that are above 100 indicate higher probability of having a loss or an increased chance of a larger loss.

Lexus IS 250 Insurance Loss Statistics
Vehicle 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 from IIHS.org for 2013-2015 Model Years

Why car insurance is not optional

Even though it's not necessarily cheap to insure a Lexus in Plano, insuring your vehicle may not be optional for several reasons.

  • Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a loan on your Lexus IS 250, it's guaranteed your bank will make it mandatory that you have comprehensive coverage to guarantee loan repayment. If you let the policy lapse, the bank will be required to insure your Lexus at a much higher rate and force you to pay the higher price.
  • Car insurance protects both your car and your personal assets. It will also reimburse you for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability insurance also covers all legal expenses up to the policy limit in the event you are sued. If your Lexus gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of insuring your car are definitely more than the cost, especially with large liability claims. But the average driver in Texas overpays as much as $850 per year so you should quote your policy with other companies each time the policy renews to save money.

How to find a good Plano auto insurance company

Buying coverage from the top insurance company can be difficult considering how many different companies insure vehicles in Texas. The information shown below can help you select which car insurance companies you want to consider comparing rate quotes with.

Top 10 Plano Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Persistence is the key to affordable rates

We just showed you a lot of techniques to reduce Lexus IS 250 insurance rates online in Plano. The most important thing to understand is the more you quote Plano car insurance, the more likely it is that you will get a better rate. Consumers may even find the lowest priced auto insurance comes from a small mutual company.

When buying insurance coverage, never sacrifice coverage to reduce premiums. There have been many situations where an insured dropped full coverage only to regret that their decision to reduce coverage ended up costing them more. Your goal should be to buy the best coverage you can find at a price you can afford, but don't skip important coverages to save money.

The cheapest Lexus IS 250 insurance in Plano is attainable both online and also from your neighborhood Plano agents, so you need to quote Plano car insurance with both in order to have the best chance of saving money. There are still a few companies who do not provide internet price quotes and these smaller companies sell through local independent agencies.

How to find low-cost Lexus IS 250 insurance in Plano

The most effective way to find low-cost prices for auto insurance rates in Plano is to compare quotes once a year from insurers in Texas.

Step 1: Read and learn about how companies set rates and the modifications you can make to prevent expensive coverage. Many risk factors that are responsible for high rates such as at-fault accidents and an imperfect credit score can be eliminated by making lifestyle changes or driving safer.

Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive and State Farm, while agents who are independent can provide prices for a wide range of insurance providers. View prices

Step 3: Compare the new rates to your current policy to see if you can save by switching companies. If you find a lower rate quote and change companies, ensure coverage does not lapse between policies.

The key thing to remember is to make sure you enter the same coverage limits and deductibles on each quote request and and to compare as many auto insurance providers as possible. Doing this enables an apples-to-apples comparison and a complete rate analysis.

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