Cheap Greensboro Lexus IS 250 Insurance

Discount Lexus IS 250 insuranceDo you want to learn to get more competitive insurance rates in Greensboro, NC? Greensboro drivers have a choice when trying to find the lowest priced Lexus IS 250 insurance. They can either spend hours calling around trying to get quotes or use the internet to find the lowest rates. There is a right way and a wrong way to compare insurance rates and you need to know the proper way to compare rates for your Lexus and find the lowest price.

You need to shop coverage around yearly since insurance prices are rarely the same from one policy term to another. Just because you had the best deal on Lexus IS 250 insurance in Greensboro on your last policy other companies may now be cheaper. There is lot of inaccurate information about IS 250 insurance out there, but in just a couple of minutes you can learn some good information on how to lower your insurance bill.

Cheap companies for Lexus IS 250 insurance in North Carolina

The companies in the list below have been selected to offer free rate quotes in Greensboro, NC. If you want to find the cheapest auto insurance in Greensboro, we suggest you click on several of them in order to find the most affordable rates.

Car insurance statistics and figures

The table below covers estimates of insurance rates for Lexus IS 250 models. Learning a little about how insurance rates are formulated helps drivers make smart choices when buying a policy.


Lexus IS 250 Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $152 $348 $222 $14 $66 $802 $67
IS 250 AWD 4-Dr $170 $348 $222 $14 $66 $820 $68
IS 250 C 2-Dr Convertible $170 $348 $262 $16 $78 $874 $73
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Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in your specific Greensboro location which can impact rates greatly.

Should you raise deductibles?

One frequently asked question is which comprehensive and collision deductibles to buy. The following insurance rates help summarize how much more you’ll pay when you buy lower versus higher comp and collision deductibles. The first data set uses a $100 physical damage deductible and the second price table uses a $500 deductible.


Lexus IS 250 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $242 $524 $212 $12 $64 $1,079 $90
IS 250 AWD 4-Dr $270 $524 $212 $12 $64 $1,107 $92
IS 250 C 2-Dr Convertible $270 $524 $250 $14 $74 $1,157 $96
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Lexus IS 250 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $176 $354 $212 $12 $64 $818 $68
IS 250 AWD 4-Dr $196 $354 $212 $12 $64 $838 $70
IS 250 C 2-Dr Convertible $196 $354 $250 $14 $74 $888 $74
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Premium costs do not factor in specific location which can influence premium rates considerably.

Based on the data above, we can derive that using a $100 deductible will cost you roughly $22 more each month or $264 annually across all Lexus IS 250 models than choosing the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 18 months between claim filings, you would probably be better off if you decide on a higher deductible.

Difference between liability only and full coverage rates

The diagram below compares Lexus IS 250 insurance prices with and without full coverage. The costs are based on no claims or violations, $500 deductibles, drivers are not married, and no additional discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no definitive formula to drop comp and collision coverage, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Lexus IS 250 replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after you pay the deductible. If it’s costing you more than $300 a year for full coverage, then it might be time to buy liability only.

There are some circumstances where only buying liability is not recommended. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not remove full coverage.

Save money with these seven money saving discounts

Not too many consumers would say insurance is affordable, but you may qualify for discounts that could drop your premiums quite a bit. A few discounts will be applied when you get a quote, but some need to be requested specifically before you get the savings.

Don’t be shocked that some credits don’t apply to the entire cost. Most cut individual premiums such as comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, you won’t be that lucky. Any amount of discount will reduce the amount you have to pay.

The diagram below shows the difference between Lexus IS 250 insurance premiums with and without discounts applied to the premium. The premium estimates are based on a female driver, no claims or driving violations, North Carolina 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 marriage, safe-driver, homeowner, multi-policy, multi-car, and claim-free discounts applied.

Companies that have these money-saving discounts include:

Double check with all companies you are considering what discounts are available to you. Some of the earlier mentioned discounts might not be offered on policies in Greensboro. If you would like to see a list of providers that offer the discounts shown above in Greensboro, follow this link.

Independent versus exclusive auto insurance agents

Many people would rather buy from a local agent and that is OK! Insurance agents are highly skilled in risk management and help in the event of a claim. A good thing about getting free rate quotes online is that drivers can save money and get the lowest rates and still have an agent to talk to.

Insurance agency in GreensboroOnce you complete this form (opens in new window), your coverage information is submitted to agents in your area that give free quotes for your insurance coverage. It makes it easy because there is no need to drive around since rate quotes are delivered immediately to your email address. If you want to compare prices from a specific company, just navigate to their website and fill out the quote form the provide.

Finding the right insurance company should include more criteria than just a cheap price. Before buying a policy in Greensboro, get answers to these questions.

If you are searching for a local agent, you need to know there are two different types of agencies from which to choose. Agents in Greensboro are considered either independent (non-exclusive) or exclusive. Both types can handle car insurance, but it’s a good idea to understand the differences since it can impact the selection process.

Exclusive Car Insurance Agencies

These agents generally can only insure with one company such as Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot place coverage with different providers so you might not find the best rates. They are well schooled on sales techniques which aids in selling service over price. Some people will only use the same agent mainly due to the brand and solid financial strength.

Shown below are Greensboro exclusive agents willing to provide rate quotes.

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Independent Agents (or Brokers)

Agents of this type are not restricted to one company so as a result can place your coverage with multiple insurance companies enabling the ability to shop coverage around. If you are not satisfied with one company, they simply move the coverage in-house which makes it simple for you.

If you are comparing car insurance prices, you will want to check rates from several independent agencies so that you can do a thorough price comparison. They often place coverage with additional companies that you may not be familiar with which could offer lower prices.

Shown below is a short list of independent agencies in Greensboro who can help you get price quotes.

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Coverage specifics

Having a good grasp of a car insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your Lexus IS 250.

Because many people carry very low liability coverage limits (30/60/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Liability car insurance – This will cover damage that occurs to people or other property that is your fault. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 30/60/25 which stand for $30,000 in coverage for each person’s injuries, $60,000 for the entire accident, and $25,000 of coverage for damaged property.

Liability can pay for things like funeral expenses, emergency aid, legal defense fees, medical services and court costs. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford. North Carolina requires minimum liability limits of 30/60/25 but you should think about purchasing higher limits.

The chart below demonstrates why buying minimum limits may not be enough coverage.

Comprehensive insurance – Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as hail damage, hitting a bird and falling objects. The most your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as doctor visits, X-ray expenses, chiropractic care and surgery. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision coverage – Collision coverage covers damage to your IS 250 resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like hitting a parking meter, colliding with a tree, damaging your car on a curb and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible on your IS 250 to get cheaper collision coverage.

Cheaper car insurance premiums are out there

You just read a lot of ways to save on Lexus IS 250 insurance in Greensboro. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding affordable Greensboro car insurance quotes. You may even be surprised to find that the best price on car insurance is with a company that doesn’t do a lot of advertising.

Drivers who switch companies do it for a variety of reasons including delays in responding to claim requests, policy non-renewal, not issuing a premium refund or even high prices. Regardless of your reason, finding a great new company is not as hard as you think.

When searching for affordable Lexus IS 250 insurance quotes, it’s a bad idea to reduce needed coverages to save money. There are many occasions where consumers will sacrifice liability coverage limits only to regret at claim time that the savings was not a smart move. The ultimate goal is to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

Steps to finding low-cost Lexus IS 250 insurance in Greensboro

To save the most money, the best way to quote cheaper car insurance rates in Greensboro is to make a habit of regularly comparing prices from insurers in North Carolina.

An essential thing to point out is that you’ll want to make sure you compare identical coverages on every quote request and and to get price quotes from as many different companies as possible. Doing this helps ensure an apples-to-apples comparison and the best price selection.

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