Overpriced car insurance in Philadelphia can sap your personal savings and force you to tighten up your finances. Doing a rate comparison is recommended to tighten up your finances.
Everyone knows that car insurance companies don’t want you to look for a cheaper policy. Insureds who shop around for better prices are very likely to buy a new policy because there is a great chance of finding lower rate quotes. A survey found that drivers who routinely shopped for cheaper coverage saved as much as $3,400 over four years compared to people who never shopped around for better prices.
If finding the best price on Lexus IS 350 insurance is your ultimate goal, then understanding how to shop and compare insurance coverage can help simplify the task of finding more affordable coverage.
Insurance companies such as State Farm, GEICO and Farmers Insurance all claim big savings with ad campaigns and consumers find it hard to see past the corporate glitz and do the work needed to find the best deal.
If you have auto insurance now, you should be able to reduce the price you pay using the concepts covered in this article. Locating the best rates in Philadelphia can be made easier if you know where to look. Although Pennsylvania car owners must understand the way insurance companies determine what you pay because it varies considerably.
All major car insurance companies like State Farm, Allstate and GEICO allow you to get prices for coverage from their websites. Doing online price comparisons for Lexus IS 350 insurance in Philadelphia is fairly straightforward as you simply enter the coverages you want into a form. Upon sending the form, their rating system will order your driving record and credit report and returns a price based on the data you entered. This makes it easy to compare insurance prices and it’s absolutely necessary to get many rate quotes in order to find a better rate.
To quickly compare pricing, compare rates from the companies below. If you have your current policy handy, we recommend you replicate the coverages as close as possible to your current policy. This way, you will receive an apples-to-apples comparison based on similar coverages.
The companies shown below can provide free rate quotes in Philadelphia, PA. If more than one company is shown, it’s highly recommended you visit several of them in order to find the most affordable rates.
Save money on Lexus IS 350 insurance in Philadelphia with these discounts
Auto insurance is not cheap nor is it fun to buy but there’s a good chance there are discounts that can dramatically reduce your bill. Certain discounts will be applied at the time of purchase, but some discounts are required to be inquired about before being credited.
- Discount for Home Ownership – Being a homeowner can get you a discount because owning a home means you have a higher level of financial diligence.
- Paper-free Discount – A few larger online companies will provide an incentive get Philadelphia car insurance on the internet.
- Bundled Policy Discount – If you insure your home and vehicles and insure them with the same company you could earn a discount of at least 10 to 15 percent or more.
- Braking Control Discount – Cars that have steering control and anti-lock brakes can avoid accidents and the ABS can save up to 10%.
- More Vehicles More Savings – Insuring all your vehicles with the same company can get a discount for every vehicle.
Consumers should know that most discount credits are not given to the entire policy premium. Most cut the cost of specific coverages such as comp or med pay. If you do the math and it seems like having all the discounts means you get insurance for free, it’s just not the way it works.
The diagram below illustrates the comparison of Lexus IS 350 insurance costs with and without policy discounts. The costs are based on a male driver, a clean driving record, no claims, Pennsylvania state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, marriage, homeowner, claim-free, and safe-driver discounts applied.
Some of the insurance companies that may have most of these discounts include:
If you need lower rates, check with every prospective company what discounts are available to you. Some of the discounts discussed earlier may not apply in Philadelphia.
Data for Lexus IS 350 insurance
The coverage information below outlines different insurance prices for Lexus IS 350 models. Having a good grasp of how policy premiums are calculated can help customers make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $276 | $570 | $372 | $22 | $112 | $1,352 | $113 |
| IS 350 C 2-Dr Convertible | $276 | $570 | $372 | $22 | $112 | $1,352 | $113 |
| Get Your Own Customized Quote Go | |||||||
Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium costs do not factor in zip code location which can decrease or increase auto insurance rates substantially.
The diagram below illustrates how your deductible choice and can raise or lower Lexus IS 350 insurance prices for different categories of driver ages. Data assumes a married male driver, full physical damage coverage, and no discounts are taken into consideration.
Components of Your Lexus IS 350 Insurance Prices
Many things are part of the equation when pricing auto insurance. Most are fairly basic such as your driving record, but other factors are not quite as obvious such as your marital status or your financial responsibility.
The following are a partial list of the pieces utilized by car insurance companies to help set your rate level.
See if your company offers a multi-policy discount – Most major companies provide better rates to clients who carry more than one policy. It’s known as a multi-policy discount. Even with this discount, consumers should still compare other company rates to confirm you are receiving the best rates possible.
Location can affect price – Choosing to live in less populated areas of the country is a good thing when trying to find low car insurance rates. Drivers in populated areas have to deal with congested traffic and longer commutes to work. Fewer drivers on the road means less chance of accidents and a lower car theft rate.
Cheaper to insure gals? – Statistics show women tend to be less risk to insure than men. Now that doesn’t mean females are better at driving than males. Men and women cause fender benders at a similar rate, but the male of the species get into accidents with more damage. Men also statistically receive more costly citations like reckless driving and DUI.
The chart below shows the comparison of Lexus IS 350 insurance prices for male and female drivers. The data is based on no claims or violations, full physical damage coverage, $250 deductibles, drivers are single, and no discounts are factored in.
Lower performance equals lower insurance premiums – The performance of the vehicle you need to insure makes a significant difference in determining your rates. The lowest premiums will normally be found when insuring economy passenger models, but the final cost of insurance is determined by many other factors.
The following chart is based on a single female driver age 20, full coverage with $250 deductibles, and no discounts or violations. The data compares Lexus IS 350 insurance rates compared to other makes and models that have different performance risks.
Higher coverage deductibles are cheaper – Physical damage insurance, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Some instances where coverage would apply would be a broken windshield, hitting a deer, or theft. Your deductibles define the amount the insured will be required to pay in the event of a claim. The more money you’re willing to pay, the less your insurance will be.
Married drivers get better rates – Walking down the aisle may save some money compared to being single. Having a significant other generally demonstrates drivers are more stable financially and it’s proven that drivers who are married are more cautious.
Insurance loss statistics a Lexus IS 350 – Insurance companies use statistical claims data to calculate a price that will offset any claims. Models that the data determines to have higher loss trends will have a higher premium rate.
The table below illustrates the insurance loss data for Lexus IS 350 vehicles. For each type of coverage, the statistical loss for all vehicles averaged together is equal to 100. Percentage values below 100 mean the vehicle has better than average losses, while values that are 100 or greater indicate more frequent claims or tendency to have larger claims.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lexus IS 350 4dr 2WD | 165 | 88 | 186 | 101 | ||
| Lexus IS 350 4dr 4WD | 200 | 72 | 206 | |||
| Lexus IS 350 Convertible | 98 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local Philadelphia auto insurance agents and insurance
Some people just want to have an agent’s advice and often times that is recommended A good thing about getting free rate quotes online is that you can find cheaper premium rates but still work with a licensed agent. Supporting local agencies is important particularly in Philadelphia.
To make it easy to find an agent, after completing this simple form, the quote information is emailed to companies in Philadelphia that provide free Philadelphia car insurance quotes for your insurance coverage. It makes it easy because there is no need to do any legwork because quoted prices will be sent directly to you. You can most likely find cheaper rates and a licensed agent to work with. If you have a need to compare prices for a specific company, you would need to navigate to their website to submit a rate quote request.
If you prefer to buy insurance from a reliable agent, you need to know there are two different types of agents and how they can write your policy. Philadelphia agents are categorized either independent agents or exclusive agents.
Independent Agents
Agents of this type do not write with just one company and that enables them to quote your coverage through lots of different companies and possibly get better coverage at lower prices. If they quote lower rates, they simply move the coverage in-house and you don’t have to switch agencies.
When searching for an agent, you will definitely want to get insurance quotes from a couple of independent agencies for the best price selection.
The following are independent agents in Philadelphia that can give you competitive price quotes.
Rexach Insurance Agency
2932 N 5th St – Philadelphia, PA 19133 – (215) 229-6320 – View Map
K and A Insurance Agency
5520 Wayne Ave – Philadelphia, PA 19144 – (215) 991-4900 – View Map
First Rate Insurance
7790 Rockwell Ave Suite 1 – Philadelphia, PA 19111 – (215) 725-6700 – View Map
Exclusive Agents
Agents in the exclusive channel normally can only provide a single company’s rates and some examples include Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents are unable to compare other company’s rates so they have no alternatives for high prices. Exclusive agencies are usually well trained in insurance sales and that can be a competitive advantage.
Listed below are exclusive insurance agencies in Philadelphia who can help you get price quotes.
State Farm – Adam Hutcheon
1436 Fairmount Ave – Philadelphia, PA 19130 – (215) 765-2686 – View Map
Erica Bantom Martin – State Farm Insurance Agent
1124 S Broad St – Philadelphia, PA 19146 – (215) 875-8100 – View Map
Alden Thomas – State Farm Insurance Agent
7983 Oxford Ave – Philadelphia, PA 19111 – (215) 745-3700 – View Map
Finding the right insurance agent is decision based upon more than just the price. Below are some questions you should ask.
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Are they properly licensed to sell insurance in Pennsylvania?
- Is auto insurance their primary focus in Philadelphia?
- In the event of vehicle damage, can you pick the collision repair facility?
- Do the coverages you’re quoting properly cover your vehicle?
- Will the company cover a rental car if your car is getting fixed?
What insurance coverages do I need?
When it comes to choosing coverage online or from an agent for your vehicles, there really is no one-size-fits-all type of policy. Everyone’s needs are different.
Here are some questions about coverages that can aid in determining whether your personal situation will benefit from professional help.
- Will my rates increase for filing one claim?
- Why do I only qualify for high-risk insurance?
- How do I buy GAP insurance?
- What is an adequate liability insurance limit?
- When should I remove comp and collision on my Lexus IS 350?
- Do I need higher collision deductibles?
- Is rental equipment covered for theft or damage?
- Does coverage extend to a rental car in a foreign country?
If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form.
Persistence pays off
When buying insurance coverage, make sure you don’t buy less coverage just to save a little money. There have been many cases where someone sacrificed uninsured motorist or liability limits only to regret at claim time that they should have had better coverage. Your focus should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.
People change insurance companies for a variety of reasons including not issuing a premium refund, questionable increases in premium, lack of trust in their agent and even poor customer service. Whatever your reason, finding a great new company can be pretty painless.
We’ve covered some good ideas how you can lower your Lexus IS 350 insurance prices in Philadelphia. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the most savings is with a small local company.
Helpful resources
- Understanding your Policy (NAIC.org)
- What Auto Insurance is Cheapest for a Toyota Corolla in Philadelphia? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Low Mileage Drivers in Philadelphia? (FAQ)
- Who Has Affordable Auto Insurance for Retired Military in Philadelphia? (FAQ)
- Who Has the Cheapest Auto Insurance for State Employees in Philadelphia? (FAQ)
- How Much are Philadelphia Car Insurance Quotes for a Nissan Sentra? (FAQ)
- Things to Know Before you Cancel Insurance (Allstate)
- Safety Tips for Teen Drivers (Insurance Information Institute)