Searching for affordable San Antonio Lexus IS 250 insurance quotes on the web might seem intimidating for vehicle owners that are not comfortable with quoting and buying insurance over the internet. With so many insurance agents and online companies available, how can San Antonio drivers have a chance to compare all the different companies and get the lowest price?
Smart shoppers know that insurance companies don’t want you quoting rates from other companies. Insureds who shop around are inclined to buy a different policy because there is a great chance of finding lower rate quotes. A recent survey discovered that consumers who compared rates annually saved $860 a year compared to people who never shopped around.
If finding budget-friendly rates on auto insurance in San Antonio is your ultimate goal, then having a grasp of how to quote prices and compare insurance coverage can help make the process easier and more efficient.
You need to get comparison quotes as often as possible because insurance prices are constantly changing. Even if you got the lowest rates on Lexus IS 250 insurance in San Antonio a few years ago you will most likely find a better premium rate today. Forget anything you know (or think you know) about auto insurance because you’re about to find out one of the easiest ways to find great coverage at a great price.
If you have a policy now, you will be able to shop for the lowest rates using this strategy. This article will help educate you on the best way to quote coverages. But Texas drivers benefit from understanding the way insurance companies set your policy premium and take advantage of how the system works.
San Antonio Insurance Rates are Influenced by These Factors
When buying insurance it’s important to understand the rating factors that go into determining the rates you pay for insurance. If you understand what controls the rates you pay, this empowers consumers to make smart changes that may result in lower premium levels.
- Stay claim-free and reduce premiums – If you file claims often, you can definitely plan on either higher rates or even cancellation. Companies in Texas award lower rates to people who are not frequent claim filers. Insurance coverage is meant to be used in the event of larger claims.
- Never allow your insurance to lapse – Having an insurance coverage lapse can be a quick way to increase your rates. And not only will your rates increase, failure to provide proof of insurance will get you a revoked license or a big fine. You could then be forced to file a SR-22 with the Texas motor vehicle department to get your license reinstated.
- Eliminate unneeded extra policy coverages – There are many optional add-on coverages you can purchase when buying insurance. Coverage for things like rental car coverage, accidental death, and extra life insurance coverage may not be needed and are just wasting money. You may think they are a good idea when you first buy your policy, but if they’re wasting money remove them from your policy.
- Save money with higher deductibles – Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Some instances where coverage would apply could be a broken side mirror, collision with an animal, or theft. Your deductibles are how much the insured will be required to pay in the event of a claim. The more money you have to pay, the better rate you will receive.
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Lexus IS 250 insurance loss statistics – Insurers analyze claim trends for every vehicle to help set a rate to offset losses. Vehicles that the data shows to have higher losses will have higher rates for specific coverages.
The table below illustrates the actual insurance loss data for Lexus IS 250 vehicles. For each coverage type, the statistical loss for all vehicles averaged together is a value of 100. Numbers under 100 represent a good loss history, while values over 100 point to more claims or larger claims.
Lexus IS 250 Insurance Claim 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Rates and detailed analysis
The price information shown next outlines estimates of policy rates for Lexus IS 250 models. Having a good understanding how rate quotes are calculated is important for you to make smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $232 | $532 | $366 | $22 | $110 | $1,262 | $105 |
| IS 250 AWD 4-Dr | $258 | $532 | $366 | $22 | $110 | $1,288 | $107 |
| IS 250 C 2-Dr Convertible | $258 | $532 | $430 | $26 | $128 | $1,374 | $115 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Premium amounts do not factor in garaging location in San Antonio which can affect coverage prices considerably.
Policy deductible comparison
When shopping for insurance, a common question is what deductibles to buy. The premium rates below highlight the rate differences of buying low and high coverage deductibles. The first rate comparisons uses a $250 deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $332 | $672 | $324 | $20 | $96 | $1,469 | $122 |
| IS 250 AWD 4-Dr | $370 | $672 | $324 | $20 | $96 | $1,507 | $126 |
| IS 250 C 2-Dr Convertible | $370 | $672 | $382 | $22 | $114 | $1,585 | $132 |
| Get Your Own Custom Quote Go | |||||||
| 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 rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in zip code location which can lower or raise premiums substantially.
Based on the data above, we can derive that using a $250 deductible will cost you approximately $19 more each month or $228 annually than requesting the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you usually have at least 13 months between claim filings, you would save more money if you opt for a higher deductible.
The information below shows how choosing a deductible and can increase or decrease Lexus IS 250 yearly insurance costs for different age groups. The price estimates are based on a married male driver, comp and collision included, and no additional discounts are factored in.
Cautious drivers save money
The illustration below shows how speeding tickets and at-fault claims can increase Lexus IS 250 insurance costs for different categories of driver ages. The prices are based on a single female driver, comp and collision included, $100 deductibles, and no discounts are factored in.
How much more does full coverage cost in San Antonio?
The information below shows the comparison of Lexus IS 250 car insurance costs with full physical damage coverage and with liability coverage only. The costs are based on no violations or claims, $250 deductibles, single marital status, and no policy discounts are applied.
When to eliminate full coverage
There isn’t a written rule to delete full coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s assume your Lexus IS 250 book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If you are currently paying more than $600 a year for physical damage coverage, then you may need to consider dropping full coverage.
There are some situations where dropping physical damage coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Earn discounts on San Antonio insurance
Insurance is not cheap nor is it fun to buy but you may qualify for discounts that could help you make your next renewal payment. Certain credits will be shown when you complete an application, but lesser-known reductions have to be specially asked for before you get the savings.
- Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts may qualify for discounts of 20 to 30 percent.
- Good Student Discount – Being a good student may save as much as 25% on a San Antonio auto insurance quote. The good student discount can last until age 25.
- Seat Belt Discounts – Forcing all vehicle occupants to use a seat belt can save a little on medical payment and PIP coverage.
- Sign Online – A few insurance companies will give you a small discount for buying your policy over the internet.
- College Student – College-age children who live away from home at college and leave their car at home could get you a discount.
- 55 and Retired – If you’re over the age of 55, you may qualify for a discount up to 10%.
A little disclaimer on discounts, some credits don’t apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think you can get free auto insurance, you won’t be that lucky. But all discounts will reduce the premium cost.
The diagram below compares Lexus IS 250 auto insurance costs with and without some available policy discounts. The premium estimates are based on a male driver, no violations or claims, Texas 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 safe-driver, homeowner, multi-policy, claim-free, marriage, and multi-car discounts applied.
Companies and some of the premium reductions they offer are:
- State Farm offers discounts for good driver, defensive driving training, multiple policy, good student, and Steer Clear safe driver discount.
- GEICO offers discounts including seat belt use, anti-theft, air bags, military active duty, and defensive driver.
- SAFECO may include discounts for teen safety rewards, anti-lock brakes, anti-theft, multi-car, homeowner, accident prevention training, and drive less.
- Farmers Insurance may offer discounts for multi-car, distant student, homeowner, teen driver, pay in full, and alternative fuel.
- AAA includes discounts for multi-car, anti-theft, AAA membership discount, pay-in-full, good driver, good student, and multi-policy.
- USAA discounts include safe driver, family discount, new vehicle, vehicle storage, loyalty savings, and good student.
If you need inexpensive San Antonio auto insurance quotes, ask all the companies which discounts you may be entitled to. Savings might not be available to policyholders in San Antonio.
Affordable coverage is out there
Some car insurance companies do not offer the ability to get quotes online and most of the time these small, regional companies only sell coverage through independent insurance agents. Cheap Lexus IS 250 insurance in San Antonio is definitely available from both online companies and from local insurance agents, so you need to compare both so you have a total pricing picture.
When shopping online for car insurance, never reduce needed coverages to save money. In many instances, consumers will sacrifice physical damage coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your goal is to find the BEST coverage at the lowest possible cost.
You just read some good ideas how you can reduce Lexus IS 250 insurance prices online in San Antonio. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even discover the most savings is with some of the lesser-known companies.
Additional learning opportunities
- Child Safety FAQ (iihs.org)
- How Much are San Antonio Auto Insurance Quotes for Teachers? (FAQ)
- What Auto Insurance is Cheapest for a Ford Explorer in San Antonio? (FAQ)
- Who Has the Cheapest San Antonio Auto Insurance for Government Employees? (FAQ)
- Who Has the Cheapest Car Insurance for a Toyota Camry in San Antonio? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- How to shop for a safer car (Insurance Institute for Highway Safety)