Find Affordable Lexus IS 350 Insurance in Oklahoma City

If you want to save money, the best way to get the cheapest car insurance rates in Oklahoma City is to start comparing prices yearly from insurers in Oklahoma.

1. Spend some time learning about coverages and the measures you can control to keep rates low. Many factors that cause high rates like getting speeding tickets and a negative credit rating can be amended by improving your driving habits or financial responsibility.
2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or Allstate, while independent agencies can give you price quotes from multiple insurance companies. View a list of agents
3. Compare the price quotes to your existing policy and determine if there is any savings. If you find a lower rate quote and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.

A valuable tip to remember is to compare similar deductibles and liability limits on every quote request and to quote with as many different insurance providers as possible. This ensures a fair rate comparison and a better comparison of the market.

It’s easy to assume that car insurance companies don’t want their policyholders to compare prices. People who compare rates at least once a year are likely to buy a different policy because they have good chances of finding a lower rate. A recent survey revealed that people who regularly compared price quotes saved $865 annually as compared to drivers who don’t make a habit of comparing rates.

If finding the cheapest price on insurance is your intention, then having some insight into how to quote and compare car insurance can help simplify the process.

If you’re already insured or are looking for a new policy, you can follow these tips to save money without reducing protection. Obtaining price quotes for more affordable auto insurance coverage in Oklahoma City is not as confusing as people think. Consumers just have to use the fastest way to shop their coverage around from many different companies online.

The easiest way to get policy rate comparisons for Lexus IS 350 insurance in Oklahoma City is to know the fact most of the bigger providers provide online access to give rate comparisons. To start a quote, the only thing you need to do is provide details such as whether your vehicle is owned or leased, marital status, how old drivers are, and the year, make and model of vehicles. The rating information is then sent to multiple auto insurance providers and they return cost estimate instantly.

To check Lexus IS 350 insurance prices now, click here then complete the form.

The companies shown below provide free quotes in Oklahoma. If more than one company is shown, we suggest you visit two to three different companies in order to find the cheapest rates.

Buying the right vehicle insurance in Oklahoma is an important decision

Despite the fact that insurance is not cheap in Oklahoma City, maintaining insurance is most likely required but also gives you several important benefits.

• Just about all states have minimum liability requirements which means state laws require a specific minimum amount of liability insurance in order to drive the car. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your Lexus, it’s guaranteed your bank will stipulate that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender will be forced to insure your Lexus at a much higher rate and force you to pay for it.
• Insurance protects both your Lexus IS 350 and your personal assets. It will also cover medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, will also pay attorney fees in the event you are sued. If damage is caused by hail or an accident, your policy will pay to repair the damage minus the deductible amount.

The benefits of having insurance greatly outweigh the cost, especially with large liability claims. On average, a vehicle owner in Oklahoma City is overpaying over $855 a year so it’s very important to do a rate comparison every year to be sure current rates are still competitive.

Lexus IS 350 insurance charts and tables

The coverage table shown next highlights a range of coverage prices for Lexus IS 350 models. Having knowledge of how auto insurance policy rates are determined can benefit drivers when making informed decisions.

Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in vehicle location which can impact premium rates significantly.

Policy deductible comparison

One frequently asked question is which comprehensive and collision deductibles to buy. The rates shown below highlight the premium difference when you buy lower versus higher deductibles. The first rate table uses a $100 deductible for comp and collision and the second set of rates uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Premium costs do not factor in your specific Oklahoma City location which can influence coverage rates substantially.

Based on the data above, we can derive that using a $100 deductible will cost you roughly $39 more each month or $468 a year than selecting 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 go more than 10 months between claims, you would probably save some money going with the higher deductible.

An important sidenote is that increasing deductibles to lower your rates means you will have to pay more when you have a physical damage claim. You need enough money stashed away in the event you have to pay the deductible to have repairs made.

Auto insurance rates by age and gender

The example below illustrates the comparison of Lexus IS 350 premium costs for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, single marital status, and no additional discounts are factored in.

Difference between full coverage and liability only rates

The example below shows the difference between Lexus IS 350 auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Oklahoma. The price estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

When to drop comprehensive and collision

There is no set guideline that works best for making the decision to drop physical damage coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s assume your Lexus IS 350 book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $4,000 after paying the physical damage deductible. If you are paying more than $400 annually for full coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where removing full coverage is not advised. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not opt for liability only.

Get cheaper rates on Lexus IS 350 insurance in Oklahoma City with these discounts

Some providers do not list their entire list of discounts very well, so we break down some of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy Oklahoma City car insurance online.

• Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10% off your Oklahoma City car insurance quote.
• Federal Government Employee – Having worked for a branch of the government may qualify for a discount when you quote Oklahoma City car insurance with a few insurance companies.
• Multi-policy Discount – If you can bundle your home and auto insurance with the same company you could get a discount of up to 20% off your total IS 350 insurance premium.
• Drive Safe and Save – Accident-free drivers can pay as much as 50% less than drivers with accident claims.
• Passive Restraints – Cars that have air bags and/or automatic seat belt systems could see savings of more than 20%.
• Military Deployment Discount – Having a family member in the military could be rewarded with lower insurance rates.

While discounts sound great, it’s important to understand that many deductions do not apply to all coverage premiums. A few only apply to specific coverage prices like comprehensive or collision. So when it seems like it’s possible to get free car insurance, it just doesn’t work that way.

The chart below compares Lexus IS 350 yearly insurance costs with and without policy discounts. The premium estimates are based on a male driver, no accidents or driving violations, Oklahoma state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, marriage, multi-car, safe-driver, and homeowner discounts applied.

Large insurance companies and some of their more popular discounts are detailed below.

• State Farm may have discounts that include anti-theft, good student, multiple policy, accident-free, and passive restraint.
• GEICO offers premium reductions for anti-lock brakes, defensive driver, federal employee, emergency military deployment, membership and employees, anti-theft, and good student.
• Progressive policyholders can earn discounts including good student, homeowner, multi-policy, online quote discount, multi-vehicle, and continuous coverage.
• 21st Century offers discounts for theft prevention, automatic seat belts, teen driver, 55 and older, anti-lock brakes, homeowners, and early bird.
• American Family may include discounts for Steer into Savings, multi-vehicle, bundled insurance, TimeAway discount, and accident-free.
• The Hartford may offer discounts for vehicle fuel type, air bag, defensive driver, driver training, bundle, and anti-theft.
• AAA has savings for multi-policy, pay-in-full, AAA membership discount, education and occupation, and anti-theft.

Before purchasing a policy, check with each company or agent how many discounts you can get. A few discounts may not be available in your area. If you would like to view insurance companies that offer multiple discounts in Oklahoma, click here to view.