Best Quotes for Lexus IS 250 Insurance in Philadelphia

Trying to find cheap Lexus IS 250 insurance in Philadelphia might be hard for drivers who are new to online rate comparisons. With such a large number of companies, it can easily be a difficult mission to find the best rates.

It’s a known fact that auto insurance companies want to keep you from comparing rates. People who shop around annually are very likely to switch to a new company because there is a good chance of finding good coverage at a lower price. A survey found that people who routinely compared rates saved about $850 each year compared to people who don’t make a habit of comparing rates.

If finding the lowest rates on auto insurance is the reason you’re reading this, then learning about how to quote prices and compare insurance coverage can help make the process easier.

Cheap companies for Lexus IS 250 insurance in Pennsylvania

The companies shown below have been selected to offer free rate quotes in Philadelphia, PA. If several companies are displayed, it’s highly recommended you visit several of them to find the most affordable car insurance rates.

Auto insurance statistics and figures

The data table shown below outlines a range of insurance premium costs for Lexus IS 250 models. Learning a little about how auto insurance policy rates are determined can help drivers make smart choices when comparing insurance rates.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in garaging location in Philadelphia which can alter insurance rates significantly.

Physical damage deductibles

When comparing auto insurance rates, the most common question is what deductibles to buy. The following insurance rates highlight the rate difference between high and low policy deductibles. The first data table uses a $250 comprehensive and collision deductible and the second price table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in specific location information which can increase or decrease prices greatly.

We can estimate from the data above that using a $250 deductible will cost you approximately $17 more each month or $204 every year than requesting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 15 months between claim filings, you would probably save some money going with the higher deductible.

Difference between full coverage and liability only rates

The example below compares Lexus IS 250 insurance premiums with and without full coverage. The data is based on no violations or accidents, $1,000 deductibles, marital status is single, and no discounts are applied.

When to stop buying comprehensive and collision coverage

There is no exact rule for phasing out full coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s say your Lexus IS 250 replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $2,000 after the deductible is paid. If it’s costing you more than $200 annually to have full coverage, then it may be the right time to buy liability only.

There are some circumstances where dropping physical damage coverage is not advised. If you haven’t paid off your loan, you have to carry full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not drop full coverage.

Slash rates with these seven discounts

Auto insurance is not an enjoyable expense, but there are discounts available to help offset the cost. A few discounts will automatically apply at the time of purchase, but once in a while a discount must be specially asked for prior to receiving the credit.

• Discounts for Multiple Vehicles – Insuring all your vehicles on one policy can get a discount for every vehicle.
• Club Memberships – Being a member of a professional or civic organization could trigger savings when getting a Philadelphia auto insurance quote.
• Discount for Low Mileage – Maintaining low annual mileage could be rewarded with lower rates on the low mileage vehicles.
• Theft Deterrent System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
• Smart Student Discounts – Getting good grades may save as much as 25% on a Philadelphia auto insurance quote. The good student discount can last up to age 25.
• Include Life Insurance and Save – Larger auto insurance companies have a break if you buy some life insurance in addition to your auto policy.
• College Student Discount – College-age children who attend college more than 100 miles from Philadelphia and do not take a car to college could qualify for this discount.

A quick disclaimer, some of the credits will not apply to the whole policy. Some only reduce specific coverage prices like medical payments or collision. Just because you may think you can get free auto insurance, you’re out of luck.

The chart below shows the difference between Lexus IS 250 premium costs with and without discounts applied. The prices are based on a male driver, a clean driving record, no claims, Pennsylvania state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-car, claim-free, safe-driver, and multi-policy discounts applied.

Companies that may have some of the above discounts may include but are not limited to:

• State Farm
• American Family
• GEICO
• 21st Century
• Progressive

If you need inexpensive Philadelphia auto insurance quotes, ask all companies you are considering which discounts they offer. All car insurance discounts might not be offered in your area. For a list of insurers who offer online Lexus IS 250 insurance quotes in Philadelphia, click here.

Local neighborhood insurance agents

A small number of people prefer to talk to an insurance agent and we recommend doing that One of the great benefits of comparing insurance prices online is that you can obtain lower rates and still choose a local agent. And providing support for neighborhood insurance agencies is important particularly in Philadelphia.

By using this quick form, your insurance data is instantly submitted to companies in Philadelphia who will give you quotes and help you find cheaper coverage. It’s much easier because you don’t need to search for any insurance agencies because prices are sent immediately to your email address. You can find lower rates without the usual hassles of price shopping. If for some reason you want to get a price quote from a particular provider, just jump over to their website and complete a quote there.

When narrowing the list to find an insurance agent, it’s important to understand the different types of agencies and how they work. Agents in Philadelphia are either exclusive or independent (non-exclusive).

Independent Insurance Agents

Independent agents often have many company appointments and that enables them to quote your coverage through many companies and possibly get better coverage at lower prices. If premiums increase, they simply move the coverage in-house which makes it simple for you.

If you are comparing car insurance prices, you need to check rates from a couple of independent agencies to maximize your price options. Many write coverage with companies that do not advertise much which can save you money.

Shown below is a short list of independent agents in Philadelphia who can help you get free car insurance rate quotes.

• Rexach Insurance Agency
  2932 N 5th St – Philadelphia, PA 19133 – (215) 229-6320 – View Map
• Wade Insurance Agency
  143 E Roosevelt Blvd – Philadelphia, PA 19120 – (215) 457-4995 – View Map
• First Rate Insurance
  7790 Rockwell Ave Suite 1 – Philadelphia, PA 19111 – (215) 725-6700 – View Map

View more agents

Exclusive Agents

Agents that choose to be exclusive have only one company to place business with and examples are American Family, State Farm, and AAA. These agents are not able to provide other company’s prices so if the price isn’t competitive there isn’t much they can do. They receive a lot of sales training on the products they sell which helps offset the inability to provide other markets. Consumers frequently choose to use an exclusive agent primarily because of loyalty to the company rather than having the cheapest rates.

Listed below is a list of exclusive agencies in Philadelphia that are able to give rate quotes.

• Paul Hoffman – State Farm Insurance Agent
  2655 S 12th St – Philadelphia, PA 19148 – (215) 389-4737 – View Map
• Allstate Insurance: Bruce Datil
  4201 I St – Philadelphia, PA 19124 – (215) 288-7992 – View Map
• Dave Penning – State Farm Insurance Agent
  2962 Robbins Ave – Philadelphia, PA 19149 – (215) 537-8050 – View Map

View more agents

Finding the right auto insurance agent needs to be determined by more than just the bottom line cost. Agents should be asked these questions:

• How much can you save by raising your physical damage deductibles?
• In the event of vehicle damage, can you pick the collision repair facility?
• How much training do they have in personal risk management?
• Do they make recommendations based only on price?
• What company do they have the most business with?

After you get good responses and a good coverage price, you have narrowed it down to an auto insurance agent that can insure your vehicles. But remember, you have the power to cancel your coverage whenever you choose to so never feel that you are permanently stuck with a specific company for a certain time period.

When do I need an agent’s advice?

Always keep in mind that when comparing coverage for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that.
Here are some questions about coverages that could help you determine if your situation might need professional guidance.

• Do I have ACV or replacement cost coverage?
• Is my custom stereo system covered?
• Should I rate my Lexus IS 250 as pleasure use or commute?
• Should I file a claim if it’s only slightly more than my deductible?
• What does medical payments cover?
• What does PIP insurance cover?
• Does liability extend to a camper or trailer?
• Is my state a no-fault state?
• Does insurance cover tools stolen from my truck?
• Why am I required to buy high-risk coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

The coverage is in the details

Knowing the specifics of insurance can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by insurance companies.

Coverage for liability

This coverage can cover damage that occurs to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 15/30/5 that means you have a $15,000 limit per person for injuries, a per accident bodily injury limit of $30,000, and $5,000 of coverage for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for things like pain and suffering, repair costs for stationary objects, bail bonds, court costs and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible. Pennsylvania requires drivers to carry at least 15/30/5 but drivers should carry better liability coverage.

The next chart shows why buying the state minimum limits may not be adequate.

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as a tree branch falling on your vehicle, hitting a bird, damage from getting keyed, damage from a tornado or hurricane and vandalism. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for expenses for hospital visits, funeral costs and X-ray expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Lexus IS 250.

Due to the fact that many Pennsylvania drivers carry very low liability coverage limits (which is 15/30/5), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Collision protection

This covers damage to your IS 250 from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as damaging your car on a curb, crashing into a building, sustaining damage from a pot hole, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible on your IS 250 to save money on collision insurance.

Affordable auto insurance is out there

We’ve covered many ideas to lower your Lexus IS 250 insurance premium rates in Philadelphia. It’s most important to understand that the more times you quote, the better likelihood of getting affordable Philadelphia auto insurance quotes. You may even be surprised to find that the biggest savings come from the smaller companies. These smaller insurers may often insure only within specific states and give better rates compared to the large companies like State Farm, GEICO and Nationwide.

The cheapest Lexus IS 250 insurance in Philadelphia is available online and with local Philadelphia insurance agents, so get free Philadelphia auto insurance quotes from both of them so you have a total pricing picture. Some insurance companies may not provide online price quotes and many times these regional insurance providers work with independent agents.

When searching for the cheapest Lexus IS 250 rate quotes, don’t be tempted to buy less coverage just to save a little money. There have been many cases where someone sacrificed full coverage only to discover later that their decision to reduce coverage ended up costing them more. The proper strategy is to buy a smart amount of coverage at the best price, but do not sacrifice coverage to save money.

Even more information is located in these articles:

• Insurance Losses by Make and Model (iihs.org)
• Who Has Cheap Auto Insurance for a Toyota RAV4 in Philadelphia? (FAQ)
• Who Has the Cheapest Philadelphia Auto Insurance for Lyft Drivers? (FAQ)
• How Much is Philadelphia Auto Insurance for Seniors? (FAQ)
• Understanding Limits and Deductibles (Allstate)
• Car Insurance: When not to Skimp (BankRate.com)
• Teen Driver Statistics (Insurance Information Institute)