Affordable Lexus IS 250 Insurance in Boston

How many times have you told yourself to find low-cost Lexus IS 250 insurance in Boston? Getting cheap Boston Lexus IS 250 insurance quotes on the internet can appear to be difficult for drivers new to quoting and buying insurance on the internet. With so many options of companies competing online, how can Boston drivers possibly compare the different rates to find cheaper insurance prices?

Insurance rates Lexus IS 250 in BostonIt goes without saying that insurance companies don’t want customers comparing rates. Insureds who get price quotes annually are inclined to buy a different policy because they have good chances of finding more affordable rates. A recent survey found that drivers who compared rate quotes regularly saved approximately $70 a month compared to other drivers who never shopped around for lower prices.

If finding the best price on auto insurance is your intention, knowing the best ways to find and compare insurance premiums can save time and money.

If you currently have insurance, you will most likely be able to save money using the concepts you’re about to learn. Finding the best-priced insurance policy in Boston is simple if you know the tricks. But Massachusetts consumers can benefit by having an understanding of how big insurance companies calculate your insurance rates.

Companies offering Lexus IS 250 insurance in Boston

The companies shown below can provide quotes in Massachusetts. If you wish to find cheap car insurance in Boston, MA, we recommend you get rates from several of them to get the best price comparison.

Rates and detailed analysis

The price information shown next outlines different policy rates for Lexus IS 250 models. Having a better understanding of how rates are determined can be useful when making decisions when shopping around.

Lexus IS 250 Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $236 $476 $284 $16 $86 $1,098 $92
IS 250 AWD 4-Dr $264 $476 $284 $16 $86 $1,126 $94
IS 250 C 2-Dr Convertible $264 $476 $334 $20 $100 $1,194 $100
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium amounts do not factor in garaging location in Boston which can affect price quotes considerably.

Raise deductibles and save

When shopping for insurance, a common question is how high should the physical damage coverage deductibles be. The rates below sum up the difference in cost between low and high deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second rate chart uses a $1,000 deductible.

Lexus IS 250 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $324 $704 $284 $16 $86 $1,439 $120
IS 250 AWD 4-Dr $362 $704 $284 $16 $86 $1,477 $123
IS 250 C 2-Dr Convertible $362 $704 $334 $20 $100 $1,545 $129
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Lexus IS 250 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $180 $372 $284 $16 $86 $938 $78
IS 250 AWD 4-Dr $200 $372 $284 $16 $86 $958 $80
IS 250 C 2-Dr Convertible $200 $372 $334 $20 $100 $1,026 $86
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price information does not factor in Boston location which can affect premiums substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs an average of $43 more each month or $516 every year across all Lexus IS 250 models than buying the higher $1,000 deductible. Because you would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average more than 21 months between claim filings, you would probably be better off if you choose the higher deductible.

The diagram below demonstrates how choosing different deductibles and can change Lexus IS 250 insurance rates for different categories of driver ages. The rate quotes are based on a married male driver, comp and collision included, and no additional discounts are factored in.

Impact of citations and accidents on Boston insurance rates

The illustration below shows how violations and at-fault accidents impact Lexus IS 250 yearly insurance costs for different insured age categories. The rate quotes are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.

Discounts can help save money on Lexus IS 250 insurance in Boston

Auto insurance is not inexpensive, but you might be missing out on some discounts that can help lower your rates. Many discounts should be triggered when you quote, but a few must be asked about before you will receive the discount. If you do not check that you are getting every discount you deserve, you are throwing money away.Discount auto insurance

One last thing about discounts, many deductions do not apply to the entire policy premium. The majority will only reduce individual premiums such as collision or personal injury protection. So when it seems like all those discounts means the company will pay you, it’s just not the way it works.

The example below shows the comparison of Lexus IS 250 car insurance costs with and without discounts applied to the rates. The price estimates are based on a female driver, no driving violations, no at-fault accidents, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, homeowner, marriage, and multi-car discounts applied.

Large auto insurance companies and some of their more popular discounts include:

If you are trying to find low cost Boston car insurance quotes, ask each company or agent how you can save money. Some of the earlier mentioned discounts might not be available to policyholders in Boston. To find companies who offer free Lexus IS 250 insurance quotes in Boston, click this link.

Get Lower-cost Insurance with These Tips

Lots of factors are part of the calculation when you get a price on insurance. Some are obvious such as your driving record, but other factors are not as apparent like your continuous coverage and annual miles driven.

The list below includes some of the most common factors insurance companies consider when setting your premiums.

Men tend to take more risk – Statistics have proven that females tend to be a little less risky than males. That doesn’t necessarily mean that women are BETTER drivers than men. Women and men have at-fault accidents in similar numbers, but the men tend to have higher claims. Not only are claims higher, but men receive more costly citations like reckless driving and DUI. Youthful male drivers tend to get in the most accidents and therefore have the most expensive insurance rates.

The example below visualizes the comparison of Lexus IS 250 insurance costs for male and female drivers. The premiums assume no driving violations, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, single status, and no discounts are taken into consideration.

Discounts for multiple policies – Lots of insurance companies afford better rates to insureds who consolidate policies with them in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to get quotes from other companies to help guarantee you have the best rates. You may still find better rates by splitting coverages up.

Avoid policy lapses – Allowing your insurance policy to lapse will be a fast way to increase your insurance rates. In addition to paying higher rates, being ticketed for driving with no insurance can result in a fine, jail time, or a revoked license. You may need to file a SR-22 with the Massachusetts DMV.

Raise physical damage deductibles and save – Comp and collision deductibles are how much the insured will be required to pay before your insurance pays a claim. Physical damage coverage, also called ‘full coverage’, is used to repair damage to your car. Examples of covered claims could be rear-ending another vehicle, hail damage, and damage caused by road hazards. The more the insured has to pay upfront, the lower your rates will be.

Pay more for higher performance vehicles – The performance of the car you need to insure makes a big difference in determining your rates. The lowest rates are usually for lower cost passenger vehicles, but that’s not the only thing that factors into the final price.

The following chart is based on a single female driver age 40, full coverage with $100 deductibles, and no discounts or violations. It illustrates Lexus IS 250 insurance rates compared to other makes and models that have a range of risk factors.

Loss probability for a Lexus IS 250 – Insurers analyze historical claim data to help calculate a profitable premium price. Vehicles that statistically have higher number or severity of losses will cost more to insure. The information below illustrates the loss history for Lexus IS 250 vehicles.

For each policy coverage type, the loss probability for all vehicles combined as an average is set at 100. Values that are 100 or less are indicative of better than average losses, while values over 100 show a trend for more claims or larger claims.

Insurance Loss Ratings for Lexus IS 250 Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lexus IS 250 4dr 2WD 179 103 177 116 146 115
Lexus IS 250 4dr 4WD 177 87 186 118
Lexus IS 250 Convertible 135 80 84

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance agents can help

Many people would prefer to have an agent’s advice and that is not a bad decision An additional benefit of comparing insurance prices online is you can get lower rates and still choose a local agent.

Insurance agency in BostonTo make it easy to find an agent, after completing this simple form, the coverage information is submitted to participating agents in Boston who can give free rate quotes for your insurance coverage. You never need to do any legwork since rate quotes are delivered to you directly. You can get cheaper car insurance rates without a big time investment. If you have a need to quote rates from a specific company, you can always jump over to their website to submit a rate quote request.

Finding a good insurance company requires more thought than just a cheap price quote. A good agent in Boston will have answers to these questions.

Exclusive and independent Boston car insurance agents

If you’re trying to find a reputable agency, you need to know there are two different types of agents and how they work. Car insurance policy providers can be categorized as either exclusive agents or independent agents.

Exclusive Agents

Exclusive insurance agents can only place business with one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agents cannot give you multiple price quotes so you might not find the best rates. Exclusive agencies are trained well on what they offer and that enables them to sell even at higher rates. Many people buy from the same agent for years mainly due to the prominent brand name rather than low rates.

Listed below are exclusive agencies in Boston who may provide you with price quotes.

More Boston agents

Independent Car Insurance Agents

These type of agents are not locked into one company and that allows them to write policies amongst many companies and get the cheapest rates. To move your coverage to a new company, they simply move the coverage in-house which requires no work on your part. When shopping rates, you will want to get insurance quotes from at a minimum one independent agency for maximum quote selection. Most can insure with additional companies that you may not be familiar with which could offer lower prices.

Listed below are independent agents in Boston willing to provide price quotes.

More Boston agents

If you receive reasonable responses as well as cheap IS 250 insurance quotes, it’s a good possibility that you have found an auto insurance agent that can be trusted to service your policy. It’s important to know that you are entitled to cancel a policy whenever you wish so don’t assume that you are permanently stuck with your new company with no way to switch.

One last note

People switch companies for many reasons like delays in paying claims, high prices, poor customer service or even policy non-renewal. Regardless of your reason, finding a new company is pretty easy and you might even save some money in the process.

Discount Lexus IS 250 insurance in Boston can be found both online and also from your neighborhood Boston agents, and you need to price shop both to have the best selection. Some companies may not offer rates over the internet and these regional insurance providers work with independent insurance agents.

We covered many tips how you can lower your Lexus IS 250 insurance rates in Boston. The key concept to understand is the more quotes you get, the better your chances of lowering your car insurance rates. Consumers may even find the lowest priced insurance comes from a small mutual company.

Steps to buying cheaper Lexus IS 250 insurance in Boston

It takes a few minutes, but the best way to get more affordable auto insurance rates in Boston is to compare prices at least once a year from insurers who provide car insurance in Massachusetts.

  1. Read and learn about how your policy works and the changes you can make to prevent rate increases. Many things that result in higher prices like high-risk driving behaviors and a substandard credit score can be remedied by being financially responsible and driving safely.
  2. Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can provide prices for a wide range of insurance providers.
  3. Compare the new rate quotes to your existing rates to see if a cheaper price is available. If you can save money and buy the policy, make sure there is no coverage gap between policies.

One bit of advice is to compare identical coverage information on each quote request and and to look at as many companies as feasibly possible. This provides a level playing field and plenty of rates choose from.

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