Best Ways to Save on Kansas City Lexus IS 350 Insurance

Discount Lexus IS 350 insuranceIf you want to save money, the best way to quote cheaper Lexus IS 350 insurance in Kansas City is to compare quotes annually from companies who sell insurance in Missouri. Prices can be compared by following these steps.

The key thing to know about shopping around is to try to compare identical limits and deductibles on every quote request and and to get rates from as many companies as possible. This provides an apples-to-apples comparison and and a good selection of different prices.

Regrettably, almost 70% of drivers kept their policy with the same company for at least the last four years, and approximately 40% of consumers have never compared quotes from other companies. The average driver in Missouri could save about $300 each year just by comparing rates, but they won’t spend time to compare rates.

If you are insured now or just want a better rate, follow these tips to reduce the price you pay and possibly find even better coverage. Getting quotes for the lowest cost insurance in Kansas City is not as hard as you may think. Smart shoppers only have to learn the quickest way to quote multiple rates from multiple carriers.

Insurance coverage details

The table shown next showcases different coverage prices for Lexus IS 350 models. Having insight into how insurance prices are determined can be useful when making decisions on which coverage to buy.

Lexus IS 350 Insurance Rates in Kansas City, MO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 350 4-Dr Sedan $160 $296 $266 $16 $80 $818 $68
IS 350 C 2-Dr Convertible $160 $296 $266 $16 $80 $818 $68
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in zip code location which can impact premium rates noticeably.

Higher deductibles save money

One frequently asked question is how high should the physical damage deductibles be. The comparisons below lay out the costs and benefits when you select higher and lower coverage deductibles. The first set of rates uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.

Lexus IS 350 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 350 4-Dr Sedan $288 $562 $266 $16 $80 $1,237 $103
IS 350 C 2-Dr Convertible $288 $562 $266 $16 $80 $1,237 $103
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Lexus IS 350 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 350 4-Dr Sedan $210 $380 $266 $16 $80 $952 $79
IS 350 C 2-Dr Convertible $210 $380 $266 $16 $80 $952 $79
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Estimates do not factor in Kansas City location which can raise or lower coverage rates considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $24 more each month or $288 for a full year averaged for all IS 350 models than requesting the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average at least 17 months between claims, you would come out ahead if you opt for a higher deductible.

Impact of careless driving on Kansas City car insurance rates

The example below demonstrates how citations and at-fault claims can increase Lexus IS 350 auto insurance rates for different age groups. The data is based on a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Buy More Affordable Car Insurance with These Tips

It’s important that you understand a few of the rating criteria that aid in calculating the price you pay for car insurance. When consumers understand what influences your rates, this allows you to make good choices that may result in big savings. Many things are considered when premium rates are determined. A few of the factors are predictable such as traffic violations, although some other factors are not as apparent like your vehicle usage or your commute time.

The factors shown below are a few of the things used by your company to calculate your rate level.

Your spouse saves you money – Your spouse may earn you lower rates compared to being single. Marriage may mean you are more responsible and insurance companies reward insureds because being married results in fewer claims.

Big city or small town – Being located in less populated areas can be a good thing when trying to find low car insurance rates. Fewer people means a lower chance of having an accident. Drivers in populated Missouri areas have more aggressive driving styles and more severe claims. More time on the road means more chances of being involved in an auto accident.

Do you really need to file those claims? – If you are the type of insured that files lots of claims you should expect either policy cancellation or increased premiums. Auto insurance companies in Missouri give the best rates to drivers who do not rely on their insurance for small claims. Your insurance policy is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

Incidental coverages that aren’t used – There are many additional extra coverages you can purchase if you aren’t diligent. Coverages like vanishing deductibles, high-cost glass coverage, and additional equipment coverage may be wasting your money. These may sound like a good investment when deciding what coverages you need, but now you might not need them so eliminate the coverages to reduce your premium.

Don’t skimp on liability coverage – Your policy’s liability coverage will protect you if ever a court rules you are at fault for damages caused by your negligence. It will provide for a legal defense starting from day one. Liability is cheap compared to insuring for physical damage coverage, so drivers should carry high limits.

Higher rates for coverage lapses – Having a gap between insurance policy dates is a quick way to bump up your car insurance costs. Not only will rates go up, being ticketed for driving with no insurance may earn you a license revocation or jail time. You may then be required to file a SR-22 with the Missouri motor vehicle department to get your license reinstated.

Insurance losses for a Lexus IS 350 – Companies take into consideration insurance loss statistics for every vehicle when they calculate premium rates for each model. Vehicles that the statistics show to have increased losses will have higher premium rates. The table below outlines the compiled insurance loss statistics for Lexus IS 350 vehicles.

For each coverage type, the loss probability for all vehicles compiled together is considered to be 100. Values that are under 100 suggest a positive loss record, while percentage numbers above 100 point to more claims or tendency to have larger claims.

Lexus IS 350 Insurance Loss Statistics
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 from for 2013-2015 Model Years

Best auto insurance in Missouri

Finding the highest-rated auto insurance company is hard considering how many choices you have in Missouri. The ranking information listed below can help you analyze which auto insurance companies you want to consider when comparing rate quotes.

Top 10 Kansas City Car Insurance Companies Overall

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

Top 10 Kansas City Car Insurance Companies Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. State Farm
  5. Liberty Mutual
  6. Allstate
  7. Safeco Insurance
  8. 21st Century
  9. Travelers
  10. Titan Insurance

Find cheap rates by being thorough

Cheap Lexus IS 350 insurance in Kansas City is available from both online companies as well as from independent agents in Kansas City, and you should be comparing both to have the best chance of lowering rates. Some insurance companies may not have online rate quotes and usually these regional carriers work with independent agents.

When searching for affordable Kansas City car insurance quotes, never buy less coverage just to save a little money. In many cases, consumers will sacrifice physical damage coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to buy a smart amount of coverage for the lowest cost while still protecting your assets.

Throughout this article, we presented a lot of information how to get a better price on Lexus IS 350 insurance in Kansas City. The key thing to remember is the more times you quote, the higher your chance of finding low cost Kansas City car insurance quotes. You may even be surprised to find that the best price on car insurance is with an unexpected company.

More detailed car insurance information is available at these sites: