If you want to save money, the best way to get affordable Lexus IS 350 insurance is to make a habit of comparing prices annually from different companies who sell auto insurance in Detroit.
- Spend some time learning about policy coverages and the modifications you can make to lower rates. Many things that cause high rates like at-fault accidents and bad credit can be remedied by being financially responsible and driving safely.
- Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from a single company like Progressive or State Farm, while independent agents can give you price quotes from multiple sources.
- Compare the price quotes to your current policy and determine if there is any savings. If you find a lower rate quote and switch companies, ensure coverage does not lapse between policies.
One thing to point out is to try to compare the same physical damage deductibles and liability limits on each price quote and to quote with as many carriers as you can. Doing this helps ensure a level playing field and the best rate selection.
A recent NerdWallet.com study revealed that over 70% of consumers have stayed with the same insurance company for at least four years, and nearly half have never shopped around. Michigan drivers can cut their rates by nearly $3,800 a year just by comparing rates, but most tend to underestimate the large savings they would see if they swap their current policy for a cheaper one.
Locating the best rates in Detroit is quite easy if you know the best way to do it. If you are insured now, you should be able to lower your rates using the ideas presented in this article. Nevertheless, Michigan car owners do need to understand the way insurance companies sell insurance online and take advantage of how the system works.
When price shopping your coverage, quoting more helps increase your odds of locating a lower rate. Some insurance companies are not set up to provide Detroit IS 350 insurance quotes over the internet, so you should also compare price estimates from them, too.
The companies shown below provide quotes in Michigan. To locate cheaper car insurance in Detroit, we recommend you click on several of them in order to find the most competitive rates.
Rate information and statistics
The coverage information shown below covers a range of rate quotes for Lexus IS 350 models. Understanding more about how insurance quotes are established can be valuable when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $402 | $752 | $704 | $42 | $210 | $2,110 | $176 |
| IS 350 C 2-Dr Convertible | $402 | $752 | $704 | $42 | $210 | $2,110 | $176 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Price estimates do not factor in vehicle location which can increase or decrease coverage prices significantly.
How high should deductibles be?
When buying auto insurance, a common question is at what level do you set your deductibles. The comparisons below determine the differences in price when you buy lower versus higher physical damage coverage deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $748 | $1456 | $690 | $40 | $206 | $3,165 | $264 |
| IS 350 C 2-Dr Convertible | $748 | $1456 | $690 | $40 | $206 | $3,165 | $264 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 350 4-Dr Sedan | $546 | $984 | $690 | $40 | $206 | $2,466 | $206 |
| IS 350 C 2-Dr Convertible | $546 | $984 | $690 | $40 | $206 | $2,466 | $206 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Prices do not factor in vehicle location which can revise prices noticeably.
Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $58 more each month or $696 for a full year than selecting the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 7 months between claims, you would more than likely save some money by selecting a higher deductible.
The illustration below shows how choosing a deductible and can raise or lower Lexus IS 350 insurance costs for different age groups. The premiums assume a married female driver, full physical damage coverage, and no discounts are applied.
Exclusive versus independent insurance agencies
A small number of people still prefer to talk to a local agent and doing so can bring peace of mind One of the best bonuses of comparing insurance online is the fact that drivers can get the best rates and still have a local agent.
After completing this simple form, the coverage information gets sent to local insurance agents who will return price quotes for your coverage. You won’t even need to leave your house since price quotes are sent to you directly. You can get cheaper insurance rates and a licensed agent to work with. If you have a need to get a rate quote from one company in particular, feel free to visit that company’s website and submit a quote form there.
Finding the right insurer needs to be determined by more than just the quoted price. Any good agent in Detroit should know the answers to these questions.
- Is the agent and/or agency licensed to do business in Michigan?
- What are the financial ratings for the companies they represent?
- Do they have designations such as AIC, CPCU, or CIC?
- What insurance companies do they recommend if they are an independent agent?
- Will their companies depreciate repairs to your car based on the mileage?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
Shown below is a list of car insurance companies in Detroit that can give you price quotes for Lexus IS 350 insurance in Detroit.
- Allstate Insurance: Ago Benavides
3570 W Vernor Hwy – Detroit, MI 48216 – (313) 849-2000 – View Map - L.A. Insurance Agency
15607 Grand River Ave – Detroit, MI 48227 – (313) 835-4000 – View Map - PD Dandnaik – State Farm Insurance Agent
W, 7725 Vernor Hwy – Detroit, MI 48209 – (313) 554-1500 – View Map - Advasure Insurance
13600 W 8 Mile Rd C – Detroit, MI 48205 – (313) 521-0300 – View Map
Once you have acceptable answers to all your questions and an affordable coverage quote, you may have found an provider that is professional and can provide insurance coverage.