Do you need a fast way to compare more competitive insurance rates in Columbus, OH? Columbus buyers have a choice when searching for affordable Lexus IS 350 insurance. You can either spend your time calling around to compare prices or use the internet to get rate quotes. There are both good and bad ways to find insurance online so we’re going to tell you the proper way to price shop coverage for a Lexus and find the lowest possible price either online or from Columbus insurance agents.
If you’re already insured or just want cheaper rates, you can use these tips to lower your rates and possibly find even better coverage. This article will help educate you on how auto insurance companies operate and some tips to save money. Comparison shoppers just have to learn the least time-consuming way to compare rate quotes online from multiple companies.
Get cheaper Lexus IS 350 insurance in Columbus with discounts
Auto insurance companies don’t always list every discount available in an easy-to-find place, so the list below gives a summary of some of the best known and also the more inconspicuous discounts that you can inquire about if you buy Columbus car insurance online.
- Policy Bundle Discount – If you insure your home and vehicles with the same insurance company you could earn a discount of over 10 percent off each policy depending on the company.
- Discount for New Cars – Buying a new car instead of a used IS 350 may earn a small discount because newer models have to meet stringent safety requirements.
- Paperwork-free – Many insurance companies provide a small discount just for signing your application over the internet.
- More Vehicles More Savings – Insuring multiple cars or trucks with the same insurance company can reduce rates for all insured vehicles.
- Defensive Driver Discounts – Participating in a driver safety course could possibly earn you a 5% discount and make you a better driver.
- Senior Citizen Discount – Drivers over the age of 55 are able to get a small discount on rates.
- Air Bag Discount – Vehicles with factory air bags may earn rate discounts as much as 30%.
- Theft Deterrent Discount – Cars and trucks equipped with anti-theft or alarm systems are stolen with less frequency and earn discounts up to 10% off your Columbus car insurance quote.
- Active Military Service – Being deployed in the military may lower your rates slightly.
- Discounts for Government Workers – Active or former government employment could provide a small rate reduction but check with your company.
Don’t be surprised that many deductions do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Just because you may think adding up those discounts means a free policy, it just doesn’t work that way.
The chart below compares Lexus IS 350 insurance costs with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no violations or claims, Ohio state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, claim-free, marriage, and multi-car discounts applied.
To choose companies with discount rates in Columbus, click here.
All the larger car insurance companies like Progressive, Allstate and GEICO provide price estimates from their websites. Obtaining pricing for Lexus IS 350 insurance in Columbus is possible for anyone because you just enter the amount of coverage you want into a form. Once entered, their quoting system will order your driving record and credit report and generates pricing information based on these factors.
The ability to get online rates for Lexus IS 350 insurance in Columbus helps simplify price comparisons, and it’s absolutely necessary to perform this step in order to get the most affordable premium on car insurance.
To save time and find out how much you can save on car insurance, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you input the insurance coverages identical to your current policy. Doing this assures you will be getting a fair comparison based on similar coverages.
The companies shown below offer price quotes in Columbus, OH. If multiple companies are listed, we recommend you get rate quotes from several of them in order to get a fair rate comparison.
Insurance rate breakdown
The price information displayed next covers different prices for Lexus IS 350 models. Being more informed about how rates are formulated can assist in making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $154 | $316 | $238 | $14 | $72 | $794 | $66 |
| IS 350 C 2-Dr Convertible | $154 | $316 | $238 | $14 | $72 | $794 | $66 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Table data does not factor in specific location which can lower or raise premium rates significantly.
Physical damage deductibles
One frequently asked question is the level to set your comp and collision deductibles. The following insurance rates highlight the rate difference when you buy lower versus higher comp and collision deductibles. The first rate table uses a $100 physical damage coverage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $246 | $478 | $226 | $14 | $68 | $1,057 | $88 |
| IS 350 C 2-Dr Convertible | $246 | $478 | $226 | $14 | $68 | $1,057 | $88 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $180 | $324 | $226 | $14 | $68 | $812 | $68 |
| IS 350 C 2-Dr Convertible | $180 | $324 | $226 | $14 | $68 | $812 | $68 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Price information does not factor in Columbus location which can influence price quotes substantially.
We can derive from the above data that using a $100 deductible will cost you approximately $20 more each month or $240 each year than opting for the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 20 months between claim filings, you would probably come out ahead if you elect the higher deductible.
How to calculate if higher deductibles make sense
| Average monthly premium for $100 deductibles: | $88 |
| Average monthly premium for $500 deductibles (subtract): | – $68 |
| Monthly savings from raising deductible: | $20 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $20 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
The example below demonstrates how deductibles and can influence Lexus IS 350 insurance costs for different ages of insureds. The premium estimates are based on a single female driver, full coverage, and no discounts are applied.
Careless driving habits raise auto insurance rates
The example below highlights how traffic violations and at-fault collisions can impact Lexus IS 350 auto insurance rates for different insured age categories. Data assumes a single male driver, comp and collision included, $500 deductibles, and no discounts are factored in.
How much more does full coverage cost?
The chart below compares Lexus IS 350 insurance prices with full physical damage coverage compared to only buying liability only. Data assumes no violations or claims, $1,000 deductibles, single marital status, and no other discounts are factored in.
When to drop comprehensive and collision coverage
There is no definitive rule of when to eliminate physical damage coverage, 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, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Lexus IS 350 replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after the policy deductible has been paid. If it’s costing you more than $200 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few cases where dropping full coverage is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not buy liability only.
When should I discuss my situation with an agent?
When quoting and comparing the right insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s so your insurance should reflect that
These are some specific questions may help you determine if you might need an agent’s assistance.
- Am I covered when pulling a rental trailer?
- Is my state a no-fault state?
- I have a DUI can I still get coverage?
- How do I file an SR-22 for a DUI in Ohio?
- Am I missing any policy discounts?
- Are my company tools covered if they get stolen?
- I have health insurance so do I need medical payments coverage?
- How much will a speeding ticket raise my rates?
- Am I better off with higher deductibles on my Lexus IS 350?
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.
Can’t I get rate quotes from local Columbus auto insurance agents?
Some consumers still like to buy from a local agent and doing that can be a smart decision Good insurance agents are highly skilled in risk management and help you file claims. The biggest benefit of price shopping on the web is you may find lower rates and still have an agent to talk to.
For easy comparison, once you complete this form (opens in new window), the coverage information gets sent to local insurance agents that provide free Columbus car insurance quotes for your business. You don’t have to find an agent on your own because prices are sent to the email address you provide. In the event you want to get a comparison quote from a specific auto insurance provider, you just need to navigate to their website and fill out the quote form the provide.
Picking an insurance company should depend on more than just a cheap quote. These are some valid questions you should ask.
- Do the companies they represent have a solid financial rating?
- Do you qualify for any additional discounts?
- Does the agency have a current Errors and Omissions policy?
- Do they have designations such as AIC, CPCU, or CIC?
- Where would your vehicle be repaired?
Listed below is a list of insurance companies in Columbus that may be able to provide price quote information for Lexus IS 350 insurance in Columbus.
- Cornerstone Insurance Services
1505 Stonecreek Drive S, Suite 103 – Pickerington, OH 43147 – (614) 524-4248 – View Map - Keystone Insurance Agency LLC
5640 Groveport Rd #2 – Groveport, OH 43125 – (614) 295-8816 – View Map - Ray Cook – State Farm Insurance Agent
7846 Olentangy River Rd – Columbus, OH 43235 – (614) 846-2886 – View Map - Gianna R Cone – State Farm Insurance Agent
1495 Morse Rd #100 – Columbus, OH 43229 – (614) 267-7865 – View Map
If you get good answers and an acceptable price quote, you may have just found an provider that meets the requirements to service your policy.
In conclusion
When shopping online for car insurance, make sure you don’t buy poor coverage just to save money. There have been many cases where someone sacrificed liability coverage limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy a smart amount of coverage at the best possible price, but do not sacrifice coverage to save money.
We’ve covered many tips how you can find cheap Lexus IS 350 insurance in Columbus. The most important thing to understand is the more times you quote, the better your comparison will be. You may even find the biggest savings come from an unexpected company. They may only write in your state and offer lower premium rates than their larger competitors like State Farm and Allstate.
Steps to finding cheaper rates for Lexus IS 350 insurance in Columbus
If you want to save money, the best way to find lower priced auto insurance rates in Columbus is to start comparing rates regularly from companies in Ohio.
Step 1: Gain an understanding of what is in your policy and the things you can control to keep rates low. Many rating criteria that are responsible for high rates like getting speeding tickets and a substandard credit history can be amended by making minor changes in your lifestyle.
Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Allstate, while agents who are independent can provide price quotes from multiple insurance companies.
Step 3: Compare the price quotes to the premium of your current policy to see if you can save by switching companies. If you can save money and change companies, make sure there is no lapse in coverage.
Step 4: Notify your company or agent to cancel your existing policy. Submit a completed application and payment to the new insurer. Make sure you put the new certificate verifying proof of insurance in an easily accessible location in your vehicle.
The critical component of shopping around is to use the same liability limits and deductibles on each price quote and and to compare all possible companies. Doing this enables the most accurate price comparison and the best price quote selection.
Helpful resources
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Who Has the Cheapest Car Insurance for a Ford Fusion in Columbus? (FAQ)
- What Car Insurance is Cheapest for Drivers Over Age 60 in Columbus? (FAQ)
- Who Has Cheap Auto Insurance Rates for 18 Year Olds in Columbus? (FAQ)
- Who Has Affordable Car Insurance for Active Military in Columbus? (FAQ)
- Keeping Children Safe in Crashes Video (iihs.org)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)