How many times have you told yourself to find lower-priced Lexus IS 350 insurance in Scottsdale? If you’re looking for lower-cost insurance, are you baffled by the dozens of insurance providers available to you? Many other drivers are too. You have so many providers available that it can easily become a challenge to find lower prices on Lexus IS 350 insurance. If you live there, you know that Scottsdale is a good city to live in, but expensive insurance premiums makes it very hard to affordably insure vehicles.
Steps to finding low-cost rates for Lexus IS 350 insurance in Scottsdale
The best way to find affordable quotes for Lexus IS 350 insurance in Scottsdale is to compare prices annually from providers who sell auto insurance in Arizona. You can compare rates by following these guidelines.
- Read about individual coverages and the measures you can control to prevent high rates. Many rating factors that cause rate increases like your driving record and a negative credit history can be remedied by making small lifestyle or driving habit changes.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive and State Farm, while agents who are independent can quote prices from multiple insurance companies.
- Compare the quotes to your current policy to determine if you can save on IS 350 insurance. If you find a lower rate and make a switch, make sure there is no lapse in coverage.
- Tell your current agent or company of your decision to cancel your current coverage. Submit the application along with any required down payment to the new insurer. As soon as coverage is bound, safely store the proof of insurance certificate with the vehicle registration.
The most important part of shopping around is to make sure you’re comparing identical coverage information on each price quote and and to get rate quotes from every company you can. Doing this helps ensure a fair price comparison and a complete price analysis.
A recent NerdWallet.com study revealed that most insurance policyholders have stayed with the same insurance company for well over three years, and virtually 40% of consumers have never shopped around. Scottsdale drivers could save almost 50% a year just by getting comparison quotes, but they don’t believe how much savings they would realize if they changed companies.
You should make it a habit to check insurance prices quite often since insurance rates go up and down regularly. Just because you had the best deal on Lexus IS 350 insurance in Scottsdale two years ago there is a good chance you can find better prices now. Forget anything you know (or think you know) about insurance because we’re going to show you how to use the internet to save money, get proper coverage and the best rates.
Finding the cheapest auto insurance coverage in Scottsdale is actually not that difficult if you follow our advice. If you currently have auto insurance, you will definitely be able to find better prices using the techniques covered below. But Arizona consumers should learn how big insurance companies determine how much to charge because rates are impacted by many factors.
Car insurance providers offering low-cost prices in Arizona
The providers in the list below can provide price quotes in Scottsdale, AZ. If your goal is to find the best cheap car insurance in Scottsdale, we suggest you visit as many as you can in order to get a fair rate comparison.
Coverage analysis
The information displayed below outlines estimates of coverage costs for Lexus IS 350 models. Having a good grasp of how rate quotes are established can aid in making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $262 | $526 | $404 | $24 | $122 | $1,338 | $112 |
| IS 350 C 2-Dr Convertible | $262 | $526 | $404 | $24 | $122 | $1,338 | $112 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium costs do not factor in specific location which can impact prices substantially.
Choosing deductibles
One of the hardest decisions when shopping for insurance is which deductible level should you buy. The tables below may help to conceptualize how much more rates are when you choose different insurance deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $324 | $632 | $300 | $18 | $90 | $1,389 | $116 |
| IS 350 C 2-Dr Convertible | $324 | $632 | $300 | $18 | $90 | $1,389 | $116 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $180 | $334 | $300 | $18 | $90 | $922 | $77 |
| IS 350 C 2-Dr Convertible | $180 | $334 | $300 | $18 | $90 | $922 | $77 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can raise or lower coverage prices greatly.
Using the data above, we can ascertain that using a $100 deductible will cost you about $39 more each month or $468 each year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 23 months between claim filings, you would most likely save money if you elect the higher deductible. The table below shows an example of how you can make this decision for your own policy.
| Average monthly premium for $100 deductibles: | $116 |
| Average monthly premium for $1,000 deductibles (subtract): | – $77 |
| Monthly savings from raising deductible: | $39 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $39 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
One big caveat is that raising deductibles means you pay more out-of-pocket when you do file a claim. You must have enough extra savings in order to pay the deductible for vehicle repair.
The diagram below illustrates how choosing a deductible and can change Lexus IS 350 premium costs for different ages of insureds. The data assumes a married female driver, full coverage, and no discounts are applied to the premium.
Premiums by gender and age
The illustration below illustrates the difference between Lexus IS 350 insurance costs for male and female drivers. The data assumes a clean driving record, no at-fault accidents, full coverage, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.
Liability only or full coverage
The diagram below visualizes the comparison of Lexus IS 350 car insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on no claims or driving citations, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
Should you pay for full coverage or liability only?
There is no clear-cut formula that works best for making the decision to drop physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s assume your Lexus IS 350 claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after paying the physical damage deductible. If you are paying more than $400 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are a few cases where buying only liability insurance is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not buy liability only.
Get discounts on Scottsdale auto insurance
Car insurance companies don’t list every discount in a way that’s easy to find, so we break down both the well known in addition to some of the lesser obvious credits that may apply to you.
- Auto/Home Discount – If you can combine your auto and homeowners policy with the same insurance company you could get a discount of up to 20% and get you the cheapest Lexus IS 350 insurance in Scottsdale.
- Save with More Vehicles Insured – Purchasing coverage when you have multiple vehicles with the same auto insurance company qualifies for this discount.
- Low Mileage Discounts – Driving fewer miles could be rewarded with discounted rates on garaged vehicles.
- Good Driver Discounts – Insureds without accidents can save up to 40% or more on their Scottsdale auto insurance quote compared to accident prone drivers.
- Memberships – Joining certain professional organizations could earn you a nice discount on your bill.
You can save money using discounts, but most credits do not apply to the entire cost. Most only cut individual premiums such as medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business. But all discounts will definitely reduce your premiums.
The diagram below shows the difference between Lexus IS 350 car insurance costs with and without discounts. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, Arizona state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, homeowner, claim-free, and safe-driver discounts applied.
Popular auto insurance companies and the discounts they provide can be read below.
- State Farm includes discounts for multiple autos, defensive driving training, driver’s education, Steer Clear safe driver discount, and anti-theft.
- GEICO may include discounts for membership and employees, emergency military deployment, good student, driver training, daytime running lights, and anti-theft.
- Liberty Mutual discounts include preferred payment discount, multi-car, new graduate, new move discount, hybrid vehicle, and multi-policy.
- The Hartford has discounts for vehicle fuel type, defensive driver, good student, air bag, and anti-theft.
- MetLife has savings for multi-policy, good driver, accident-free, good student, and defensive driver.
- Progressive may offer discounts for online quote discount, homeowner, good student, online signing, multi-vehicle, continuous coverage, and multi-policy.
If you need lower rates, check with all companies you are considering how you can save money. Discounts may not be offered in Scottsdale. If you would like to view providers offering auto insurance discounts in Scottsdale, click here.
Insurance agent or online?
A small number of people just prefer to sit down and talk to an agent and that is just fine! A good thing about getting online price quotes is that drivers can save money and get better rates and still have a local agent.
After filling out this short form, your information is instantly submitted to participating agents in Scottsdale who will return price quotes for your coverage. It’s much easier because you don’t need to contact any agents since rate quotes are delivered immediately to you. It’s the lowest rates AND an agent nearby. In the event you want to get a price quote from a specific insurance company, don’t hesitate to visit that company’s website and complete a quote there.
Deciding on an company is decision based upon more than just the price. These are valid questions to ask:
- Will your rates increase after a single accident?
- Will a damage claim use OEM or aftermarket replacement parts?
- Is working in the agency their full-time job?
- Which insurance company do they prefer to write with?
- What are their preferred companies if they are an independent agency?
- What companies can they write with?
- When do they do policy reviews?
Auto insurance coverage specifics
Understanding the coverages of a auto insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as damage to your Lexus IS 350.
Since many Arizona drivers only purchase the least amount of liability that is required (15/30/10), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Auto collision coverage
This coverage pays for damage to your IS 350 caused by collision with an object or car. A deductible applies then your collision coverage will kick in.
Collision can pay for things like crashing into a ditch, backing into a parked car and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible on your IS 350 in order to get cheaper collision rates.
Medical payments and PIP coverage
Med pay and PIP coverage reimburse you for expenses such as X-ray expenses, rehabilitation expenses and pain medications. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage
Liability car insurance
This coverage can cover damage or injury you incur to a person or their property that is your fault. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 15/30/10 which stand for a limit of $15,000 per injured person, a total of $30,000 of bodily injury coverage per accident, and a limit of $10,000 paid for damaged property.
Liability insurance covers claims like medical expenses, court costs and legal defense fees. How much liability coverage do you need? That is your choice, but buy as much as you can afford. Arizona requires drivers to carry at least 15/30/10 but it’s recommended drivers buy more coverage.
The chart below demonstrates why minimum state limits may not be high enough to adequately cover claims.
Comprehensive auto coverage
This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as hitting a deer, fire damage and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Cover all your bases
While you’re price shopping online, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where an accident victim reduced physical damage coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at a price you can afford, but do not sacrifice coverage to save money.
In this article, we presented some good ideas how you can compare Lexus IS 350 insurance prices in Scottsdale. The key concept to understand is the more rate quotes you have, the higher your chance of finding cheaper Scottsdale auto insurance quotes. You may even be surprised to find that the best prices are with a lesser-known regional company.
People who switch companies do it for a number of reasons such as delays in paying claims, poor customer service, lack of trust in their agent and even high rates after DUI convictions. It doesn’t matter why you want to switch finding the right auto insurance provider can be easy and end up saving you some money.
How to save on Lexus IS 350 insurance in Scottsdale
The best way we recommend to find cheaper prices for Lexus IS 350 insurance is to compare quotes annually from insurers in Scottsdale. This can be done by completing these steps.
- Read and learn about how companies price auto insurance and the factors you can control to keep rates down. Many rating criteria that are responsible for high rates such as traffic tickets, fender benders, and bad credit can be remedied by making minor changes to your lifestyle.
- Compare 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 rate quotes from multiple sources.
- Compare the price quotes to your current policy premium to see if a cheaper rate is available. If you find better rates, make sure there is no lapse between the expiration of your current policy and the new one.
A tip to remember is to make sure you enter the same physical damage deductibles and liability limits on every quote and and to look at as many car insurance companies as possible. This enables an accurate price comparison and the best price selection.
For more information, feel free to visit the following helpful articles:
- What is Covered by GAP Insurance? (Allstate)
- Who Has the Cheapest Auto Insurance for Veterans in Scottsdale? (FAQ)
- Who Has Affordable Car Insurance Rates for Inexperienced Drivers in Scottsdale? (FAQ)
- Who Has Affordable Auto Insurance Rates for Seniors in Scottsdale? (FAQ)
- Who Has Affordable Auto Insurance Rates for Teachers in Scottsdale? (FAQ)
- Child Safety FAQ (iihs.org)
- Avoiding Deer Collisions (Insurance Information Institute)