Save Money on Lexus IS 350 Insurance in Boston

Want to know an easy way to compare more affordable Lexus IS 350 insurance in Boston? If you’re trying to find lower-priced insurance online, are you intimidated by the crazy number of car insurance sources available to you? Massachusetts vehicle owners have such a large number of options that it can turn into a chore to locate the lowest car insurance rates for Lexus IS 350 insurance in Boston. Lots of people think Boston is a wonderful place to live, but getting gouged by high car insurance rates can make it nearly impossible to purchase enough protection.

Steps to buying affordable Lexus IS 350 insurance in Boston

Really, the only way to get cheaper auto insurance rates in Boston is to regularly compare quotes from providers in Massachusetts. Rates can be compared by completing these steps.

The most important part of shopping around is to make sure you enter the same deductibles and limits on every quote request and and to get prices from as many companies as possible. Doing this guarantees a fair rate comparison and a good representation of prices.

Insurance quote for Lexus IS 350 in BostonIt’s easy to assume that insurance companies don’t want you quoting rates from other companies. Consumers who perform rate comparisons will, in all likelihood, buy a new policy because there is a high probability of finding a lower-priced policy. A recent survey found that consumers who routinely shopped around saved $72 a month compared to policyholders who never shopped around for lower prices.

If finding budget-friendly car insurance in Boston is why you’re reading this, understanding how to shop for coverage rates can make it simple to find affordable coverage.

There are several ways to compare prices from companies that offer insurance in Massachusetts. The quickest method to find affordable Lexus IS 350 insurance rates consists of obtaining rate quotes online. Just remember that more quotes increases your odds of finding a lower rate.

The providers in the list below are our best choices to provide comparison quotes in Boston, MA. If your goal is to find cheap auto insurance in Boston, we suggest you visit several of them to get the cheapest price.

Premium rates and analysis

The price information displayed below outlines a range of insurance costs for Lexus IS 350 models. Learning how auto insurance policy rates are determined can help you make informed decisions when shopping around for a new policy.

Lexus IS 350 Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 350 4-Dr Sedan $312 $726 $378 $22 $114 $1,552 $129
IS 350 C 2-Dr Convertible $312 $726 $378 $22 $114 $1,552 $129
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rate information does not factor in zip code location which can alter prices significantly.

Comparison of policy deductibles

One common question asked by Boston drivers is which comprehensive and collision deductibles to buy. The figures shown below can help you visualize the rate fluctuation of buying low and high coverage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second rate table uses a $1,000 deductible.

Lexus IS 350 insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 350 4-Dr Sedan $324 $590 $334 $20 $100 $1,393 $116
IS 350 C 2-Dr Convertible $324 $590 $334 $20 $100 $1,393 $116
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Lexus IS 350 insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 350 4-Dr Sedan $200 $372 $334 $20 $100 $1,026 $86
IS 350 C 2-Dr Convertible $200 $372 $334 $20 $100 $1,026 $86
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rates do not factor in vehicle garaging location which can alter premium rates substantially.

Using the premium rates above, we can conclude that using a $250 deductible costs about $30 more each month or $360 a year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 25 months between claim filings, you would most likely save money if you elect the higher deductible.

Safe drivers pay less for insurance

The example below highlights how speeding tickets and accident claims can influence Lexus IS 350 premium costs for different age categories. The rates are based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.

Lexus IS 350 full coverage rates compared to liability only

The information below shows the difference between Lexus IS 350 insurance rates with full coverage compared to only the Massachusetts minimum liability coverage. The information is based on no claims or driving violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Deciding between full coverage and liability only

There is no exact formula for dropping comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Lexus IS 350 settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after you pay the deductible. If you are paying more than $300 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some conditions where only buying liability is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not remove full coverage.

Lexus IS 350 Insurance Premiums Can Be Lower

Many different elements are considered when pricing auto insurance. Some are obvious such as your driving history, but other factors are less apparent like your continuous coverage or your vehicle rating. The best way to find cheaper auto insurance is to take a look at the rating factors that are used to determine your premiums. When you understand what determines premiums, this allows you to make good choices that could help you find lower auto insurance prices.

The following are a partial list of the pieces utilized by car insurance companies to help set rates.

Three reasons car insurance is important

Despite the fact that car insurance is not cheap in Boston, car insurance serves an important purpose.

The benefits of buying car insurance greatly outweigh the cost, particularly for liability claims. The average driver in Massachusetts overpays as much as $830 a year so it’s very important to do a rate comparison at every renewal to save money.

Boston auto insurance company ratings

Buying coverage from the right auto insurance company can be challenging considering how many choices you have in Boston. The company rank data shown below may help you analyze which coverage providers you want to consider comparing rate quotes with.

Top 10 Boston Car Insurance Companies Overall

  1. The General
  2. Mercury Insurance
  3. Titan Insurance
  4. The Hartford
  5. Progressive
  6. Travelers
  7. State Farm
  8. Farmers Insurance
  9. Safeco Insurance
  10. USAA

Top 10 Boston Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. State Farm
  5. GEICO
  6. Titan Insurance
  7. Nationwide
  8. Allstate
  9. The General
  10. 21st Century