If saving the most money is your goal, then the best way to get low-cost Lexus IS 350 insurance is to regularly compare prices from providers that sell auto insurance in El Paso. Prices can be compared by completing these steps.
- Try to comprehend what coverages are included in your policy and the measures you can take to prevent expensive coverage. Many things that result in higher prices such as getting speeding tickets and an imperfect credit score can be remedied by making lifestyle changes or driving safer.
- Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from one company like Progressive or Allstate, while independent agents can quote rates from multiple sources.
- Compare the new quotes to your existing policy and determine if cheaper IS 350 coverage is available. If you can save money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
An important note is that you’ll want to compare identical coverages on every quote request and and to get quotes from as many different insurance providers as possible. This enables a fair rate comparison and the best price selection.
We don’t have to point out that fact that insurance companies want to keep you from comparing rates. Insureds who shop around once a year will most likely switch to a new company because there are good odds of finding a lower rate. A recent study showed that people who compared prices once a year saved an average of $3,500 over four years compared to people who never compared prices.
If finding discount rates on auto insurance is the reason you’re reading this, then understanding how to quote and compare insurance rates can save time and make the process easier.
Comparing quotes for the lowest cost coverage in El Paso is not as hard as you may think. Virtually every driver who is required by state law to have car insurance will probably find a better price. But Texas vehicle owners must know the methods companies use to market insurance on the web because it varies considerably.
Auto insurance providers offering cheap rate quotes in Texas
The companies in the list below have been selected to offer comparison quotes in Texas. If the list has multiple companies, it’s highly recommended you visit two to three different companies to get the most competitive price.
Analysis of Lexus IS 350 rates
The rate table below highlights detailed analysis of insurance costs for Lexus IS 350 models. Learning a little about how auto insurance premiums are calculated helps drivers make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $196 | $414 | $400 | $24 | $120 | $1,154 | $96 |
| IS 350 C 2-Dr Convertible | $196 | $414 | $400 | $24 | $120 | $1,154 | $96 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Table data does not factor in garaging location in El Paso which can lower or raise prices greatly.
Comparison of policy deductibles
One of the most common car insurance questions is at what level do you set your deductibles. The premium rates below highlight the rate difference when you buy lower versus higher physical damage deductibles. The first set of rates uses a $250 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 | $370 | $672 | $382 | $22 | $114 | $1,585 | $132 |
| IS 350 C 2-Dr Convertible | $370 | $672 | $382 | $22 | $114 | $1,585 | $132 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $228 | $424 | $382 | $22 | $114 | $1,170 | $98 |
| IS 350 C 2-Dr Convertible | $228 | $424 | $382 | $22 | $114 | $1,170 | $98 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in vehicle location which can affect coverage rates significantly.
We can derive from the above data that using a $250 deductible will cost you approximately $34 more each month or $408 each year averaged for all IS 350 models than quoting the higher $1,000 deductible. Because you would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 22 months between claims, you would save more money if you choose the higher deductible. The table below shows the way you can make your own decision.
| Average monthly premium for $250 deductibles: | $132 |
| Average monthly premium for $1,000 deductibles (subtract): | – $98 |
| Monthly savings from raising deductible: | $34 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $34 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 22 months |
The example below demonstrates how deductible levels and can change Lexus IS 350 insurance premiums for different age groups. The premium estimates are based on a married male driver, full coverage, and no discounts are taken into consideration.
How You Can Control Lexus IS 350 Insurance Costs
When buying insurance it’s important to understand some of the elements that go into determining the rates you pay for insurance. If you have a feel for what determines base rates, this enables you to make decisions that can earn you big savings. Multiple criteria are used in the calculation when quoting car insurance. Some are pretty understandable such as your driving history, but some are less apparent such as whether you are married or your financial responsibility.
Multiple policies with one company – Many companies will give a discount to customers who buy several policies from them in the form of a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even if you already get this discount, it’s in your best interest to get quotes from other companies to verify if the discount is saving money.
Gals tend to cost less – Over the last 50 years, statistics have shown that women are safer drivers than men. However, this does not mean women are better drivers. Females and males get in auto accidents at a similar rate, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get cited for more serious violations like DUI and reckless driving.
The chart below compares Lexus IS 350 annual premium costs for male and female drivers. The rate quotes are based on no claims or violations, full physical damage coverage, $100 deductibles, single marital status, and no discounts are taken into consideration.
Don’t get traffic citations – Being a careful driver impacts premiums far more than you think. Careful drivers get better prices as compared to those with violations. Even one ticket may cause rates to rise by as much as twenty percent. Drivers who get flagrant violations like DUI or willful reckless driving may find they need to prove financial responsibility with their state DMV in order to legally drive a vehicle.
The illustration below highlights how traffic violations and accidents drive up Lexus IS 350 car insurance rates for different age groups. The prices are based on a single female driver, full coverage, $500 deductibles, and no other discounts are factored in.
Drive a safer car and pay less – Safer cars tend to have lower insurance rates. These vehicles help reduce the chance of injuries in an accident and lower injury rates means less money paid by your insurance company and more competitive rates for policyholders.
Insurance loss data for Lexus IS 350 vehicles – Companies analyze historical claim data when setting rates for each model. Vehicles that the data determines to have higher claim amounts or frequency will cost more for specific coverages. The data below shows the historical loss data for Lexus IS 350 vehicles.
For each policy coverage, the statistical loss for all vehicles averaged together equals 100. Numbers that are below 100 indicate better than average losses, while numbers above 100 point to more frequent losses or statistically larger losses.
| Vehicle 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 IIHS.org for 2013-2015 Model Years
Car insurance policy discounts you can’t miss
Insurance can cost an arm and a leg, but you might find some hidden discounts to cut the cost considerably. Some of these discounts will be visible at the time you complete a quote, but once in a while a discount must be specifically requested before they will apply. If you are not receiving all the discounts you deserve, you’re paying more than you need to.
- No Claim Discounts – Drivers who don’t have accidents can save substantially when compared to drivers who are more careless.
- Anti-lock Brake Discount – Cars, trucks, and SUVs with ABS braking systems or traction control have fewer accidents so you can save 10 percent or more.
- Discounts for Seat Belt Usage – Forcing all vehicle occupants to buckle up could save 15% off the personal injury premium cost.
- Distant College Student Discount – Children who live away from home to go to college and leave their car at home may qualify for this discount.
- Discounts for Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
- Discount for Multiple Policies – If you insure your home and vehicles and insure them with the same company you may earn at least 10 to 15 percent or more.
- Online Discount – A few car insurance companies will discount your bill up to fifty bucks get El Paso auto insurance over the internet.
- Buy New and Save – Buying a new car model can get you a discount compared to insuring an older model.
- Defensive Driver Discounts – Taking part in a course teaching safe driver skills is a good idea and can lower rates and easily pay for the cost of the class.
- Good Students Pay Less – Maintaining excellent grades can save 20 to 25%. The discount lasts up until you turn 25.
Policy discounts save money, but most discount credits are not given to the overall cost of the policy. Some only apply to individual premiums such as physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, companies wouldn’t make money that way.
The information below illustrates the difference between Lexus IS 350 insurance costs with and without policy discounts. The price estimates are based on a female driver, no claims or violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, claim-free, homeowner, and safe-driver discounts applied.
Auto insurance companies that may offer quotes with some of the discounts shown above are:
If you need lower rates, check with each company or agent how you can save money. All car insurance discounts might not apply in your state.
Local neighborhood El Paso car insurance agents
A lot of people would prefer to go talk to an agent and that is OK! An additional benefit of comparing rate quotes online is you can get cheap auto insurance quotes and still buy from a local agent. Buying from and supporting local agents is especially important in El Paso.
To make it easy to find an agent, after completing this short form, the quote information is transmitted to insurance agents in El Paso who will return price quotes for your coverage. You don’t have to drive around due to the fact that quote results will go to you directly. You can get cheaper auto insurance rates without requiring a lot of work. If you wish to quote rates from a particular provider, you can always find their quoting web page and complete a quote there.
If you want a reliable insurance agency, it can be helpful to understand the types of agencies and how they operate. Agents in El Paso are classified as either exclusive or independent (non-exclusive).
Independent Agents
Agents in the independent channel can sell policies from many different companies so they can quote policies through many different auto insurance companies and find you the best rates. If your premiums go up, an independent agent can move your coverage and the insured can keep the same agent. If you are trying to find cheaper rates, it’s recommended you contact several independent agencies to get the most accurate price comparison. Most independent agents also contract with smaller companies that can offer cheaper rates than bigger companies.
Featured below is a short list of independent agents in El Paso that may be able to give you price quotes.
- Mt. Franklin Insurance Agency
1444 Montana Ave #202 – El Paso, TX 79902 – (915) 599-2900 – View Map - American Agency Insurance
5959 Gateway Blvd W #533 – El Paso, TX 79925 – (915) 772-7766 – View Map - Desert West Insurance: Lavelle Michael
7500 Viscount Suite 101 – El Paso, TX 79925 – (830) 534-9623 – View Map
Exclusive Agents
Agents that elect to be exclusive normally can only provide a single company’s rates such as Farmers Insurance, State Farm, Allstate, and AAA. These agents are unable to provide prices from multiple companies so they have no alternatives for high prices. Exclusive insurance agents are well schooled on their company’s products which helps them compete with independent agents. Many people buy from the same agent for years partially due to the prominence of the brand and strong financial ratings.
Below is a short list of exclusive insurance agencies in El Paso that can give you comparison quotes.
- Elizabeth Campos – State Farm Insurance Agent
9411 Alameda Ave o – El Paso, TX 79907 – (915) 860-7980 – View Map - Allstate Insurance: Zulema Valles
4301 Montana Ave b – El Paso, TX 79903 – (915) 562-5433 – View Map - Annette Gallardo Sanders – State Farm Insurance Agent
6351 S Desert Blvd #105 – El Paso, TX 79932 – (915) 877-9020 – View Map
Picking the best car insurance agent requires more thought than just the quoted price. The following questions are important to ask.
- If you raise deductibles, how much can you save?
- How long have they worked with personal auto insurance coverage?
- Will the company cover a rental car if your car is getting fixed?
- Will high miles depreciate repair valuations?
- Which companies can they place coverage with?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- How are claims handled?
How to find a good El Paso car insurance company
Finding the top insurance provider can be difficult considering how many choices you have in El Paso. The company ratings listed below could help you analyze which auto insurers to look at comparing rates from.
Top 10 El Paso Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Insurance agents can help
When it comes to choosing a policy for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that.
For example, these questions may help you determine if you will benefit from professional help.
- Will filing a claim cost me more?
- Can my babysitter drive my car?
- What exactly is covered by my policy?
- Is rental equipment covered for theft or damage?
- Are split liability limits better than a combined single limit?
- Do I need more liability coverage?
If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.
A conclusion for your auto insurance search
You just read a lot of ways to find affordable Lexus IS 350 insurance in El Paso. The key thing to remember is the more rate quotes you have, the better likelihood of getting affordable Lexus IS 350 insurance quotes. Consumers may even find the best rates are with an unexpected company. Regional companies may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.
When getting El Paso auto insurance quotes online, make sure you don’t buy less coverage just to save a little money. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. The aim is to purchase plenty of coverage at an affordable rate but still have enough coverage for asset protection.
Low-cost Lexus IS 350 insurance in El Paso can be sourced on the web in addition to local insurance agencies, so you need to quote El Paso auto insurance with both to have the best chance of lowering rates. Some auto insurance companies do not offer the ability to get quotes online and usually these smaller providers sell through local independent agencies.
More learning opportunities
- Parking Tips to Reduce Door Dings (State Farm)
- Safety Belts FAQ (iihs.org)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Medical Payments Coverage (Liberty Mutual)
- How Much Auto Coverage do I Need? (Insurance Information Institute)