Statistics show that most car insurance policyholders have bought car insurance from the same company for at least the last four years, and approximately 38% of consumers have never compared rate quotes at all. California drivers could cut their rates by roughly 35% a year by just comparing quotes, but they just don’t understand the actual amount they would save if they switched to a cheaper policy.
If you want to find the absolute lowest rates, then the best way to get budget Lexus IS 250 insurance is to compare quotes once a year from companies who provide car insurance in Oakland.
- Step 1: Take a little time to learn about how insurance works and the things you can change to prevent expensive coverage. Many factors that result in higher rates like traffic tickets, fender benders, and bad credit can be amended by being financially responsible and driving safely. Keep reading for more details to get low prices and find more discounts that you may not know about.
- Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like GEICO or Allstate, while independent agencies can quote rates for many different companies.
- Step 3: Compare the new rates to your existing coverage to see if a cheaper rate is available in Oakland. If you find a better price and change companies, make sure coverage does not lapse between policies.
The key thing to remember is to make sure you enter similar limits and deductibles on each price quote and and to get price estimates from as many companies as feasibly possible. This guarantees a fair rate comparison and a thorough selection of prices.
To find cheap prices, there are a couple of ways to obtain and compare prices from different companies. The fastest way to lower the rate you pay for Lexus IS 250 insurance is to get quotes online. It’s important to know that having more price comparisons helps locate the best price. Some companies don’t provide online rate quotes, so you also need to get rates from those companies as well.
The companies shown below are ready to provide free quotes in California. If you want cheaper auto insurance in California, we suggest you visit several of them in order to get a fair rate comparison.
Affordable rates by taking advantage of discounts
Companies don’t necessarily list the complete list of policy discounts very well, so the following is a list of some of the more common as well as some of the hidden credits available to lower your premiums when you buy Oakland auto insurance online.
- Senior Discount – Drivers over the age of 55 could receive lower premium rates.
- Anti-theft System – Cars and trucks that have factory anti-theft systems are less likely to be stolen so companies will give you a small discount.
- College Student Discount – Older children who live away from home to go to college without a vehicle on campus may be insured at a cheaper rate.
- Accident Forgiveness – Not a discount per se, but some companies like Liberty Mutual, GEICO and Allstate permit an accident before raising your premiums as long as you don’t have any claims prior to being involved in the accident.
- Buy New and Save – Insuring a vehicle that is new can save up to 30% compared to insuring an older model.
- Military Discounts – Having an actively deployed family member could be rewarded with lower rates.
Don’t be surprised that most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, you aren’t that lucky.
The chart below illustrates the difference between Lexus IS 250 annual premium costs with and without policy discounts. The prices are based on a male driver, no violations or accidents, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, claim-free, marriage, homeowner, and multi-car discounts applied.
Insurance companies that may have some of the discounts shown above are:
It’s a good idea to ask all the companies the best way to save money. Depending on the company, some discounts might not be offered on policies in Oakland. To see a list of car insurance companies who offer cheap Lexus IS 250 insurance quotes in Oakland, click here.
Lexus IS 250 insurance charts and tables
The information displayed next outlines detailed analysis of coverage costs for Lexus IS 250 models. Understanding more about how insurance prices are calculated can assist in making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $370 | $912 | $394 | $24 | $118 | $1,818 | $152 |
| IS 250 AWD 4-Dr | $412 | $912 | $394 | $24 | $118 | $1,860 | $155 |
| IS 250 C 2-Dr Convertible | $412 | $912 | $464 | $28 | $138 | $1,954 | $163 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Premium costs do not factor in specific zip code location which can revise coverage prices substantially.
Rate comparison for different deductibles
One of the most common insurance questions is which deductibles should you choose. The comparison tables below outline how much more rates are when you choose different deductibles. The first pricing table uses a $100 deductible for physical damage and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $430 | $932 | $376 | $22 | $112 | $1,897 | $158 |
| IS 250 AWD 4-Dr | $478 | $932 | $376 | $22 | $112 | $1,945 | $162 |
| IS 250 C 2-Dr Convertible | $478 | $932 | $442 | $26 | $132 | $2,035 | $170 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $314 | $630 | $376 | $22 | $112 | $1,454 | $121 |
| IS 250 AWD 4-Dr | $348 | $630 | $376 | $22 | $112 | $1,488 | $124 |
| IS 250 C 2-Dr Convertible | $348 | $630 | $442 | $26 | $132 | $1,578 | $132 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price estimates do not factor in specific zip code location which can affect auto insurance rates significantly.
We can estimate from the data above that using a $100 deductible will cost you about $37 more each month or $444 annually 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 average at least 11 months between claim filings, you would probably save some money if you opt for a higher deductible.
The diagram below demonstrates how deductibles and can influence Lexus IS 250 premium costs for different age groups of insureds. The premiums assume a single male driver, comp and collision included, and no discounts are applied.
How careless driving impacts Oakland insurance rates
The diagram below illustrates how violations and at-fault collisions drive up Lexus IS 250 car insurance costs for each age group. The rate quotes are based on a married female driver, comp and collision included, $250 deductibles, and no discounts are applied.
Full coverage versus liability only rates
The chart below illustrates the comparison of Lexus IS 250 auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in California. The rate quotes are based on a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no other discounts are factored in.
Guidelines for eliminating full coverage
There is no clear-cut rule for excluding full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.
For example, let’s say your Lexus IS 250 book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after paying your deductible. If you are paying over $600 a year to have full coverage, then you may want to consider only buying liability coverage.
There are a few cases where only buying liability is not advised. If you have an outstanding loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not buy liability only.
Find Lexus IS 250 Insurance for Less
Lots of things are used when premium rates are determined. Some are obvious like your driving record, but others are more transparent such as your credit history or how financially stable you are.
Shown below are some of the major factors used by companies to determine rates.
Never let your auto insurance policy lapse – Having a gap between insurance policy dates is a fast way to pay more for auto insurance. Not only will rates go up, the inability to provide proof of insurance could earn you fines and jail time.
Pleasure use saves money – Driving a lot of miles in a year the higher your rate. Many insurance companies calculate prices based on how the vehicle is used. Vehicles used primarily for pleasure use qualify for better rates as compared to vehicles used primarily for driving to work. It’s a smart idea to ensure your auto insurance policy shows the proper vehicle usage, because improper ratings can cost you money. An improperly rated IS 250 can result in significantly higher rates.
High credit scores equal low prices – Your credit history can be an important factor in determining what you pay. Therefore, if your credit could use some work, you may save money insuring your Lexus IS 250 by taking the time to improve your credit score. Insureds with very good credit scores tend to be more responsible and file fewer claims as compared to drivers with poor credit scores.
Gender and insurance costs – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. This data doesn’t prove that females are better drivers. Females and males tend to get into at-fault accidents at about the same rate, but guys tend to have higher claims. Men also statistically have more aggressive citations like DWI (DUI) or reckless driving. Teenage male drivers cause the most accidents and therefore have the most expensive auto insurance rates.
The illustration below shows the difference between Lexus IS 250 auto insurance costs for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, comp and collision included, $100 deductibles, single marital status, and no other discounts are factored in.
Younger driver insurance prices – Older people tend to be more responsible, are lower risk to insure, and tend to be get fewer driving tickets. Teenage drivers are proven to be more careless behind the wheel so they pay higher auto insurance rates.
The data below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.
Keep claims to a minimum – If you frequently file small claims, you can look forward to either policy cancellation or increased premiums. Companies in California generally give cheaper rates to policyholders who do not file claims often. Auto insurance is meant to be used in the event of the large, substantial claims.
Lexus IS 250 insurance loss probability – Insurers use claims history to help calculate premium rates. Vehicles that statistically have higher loss trends will have increased rates. The information below illustrates the historical loss data for Lexus IS 250 vehicles.
For each coverage type, the statistical loss for all vehicles averaged together equals 100. Percentage numbers below 100 imply a favorable loss record, while numbers that are greater than 100 show a trend for more claims or a tendency for claims to be larger.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lexus IS 250 4dr 2WD | 179 | 103 | 177 | 116 | 146 | 115 |
| Lexus IS 250 4dr 4WD | 177 | 87 | 186 | 118 | ||
| Lexus IS 250 Convertible | 135 | 80 | 84 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Independent and exclusive auto insurance agents
Many drivers prefer to go talk to an agent and there is nothing wrong with that. The best thing about comparing rate quotes online is the fact that you can find lower premium rates but also keep your business local.
To make it easy to find an agent, after completing this quick form, the coverage information is emailed to local insurance agents who will return price quotes for your insurance coverage. There is no reason to contact an agency due to the fact that quote results will go to the email address you provide. You can most likely find cheaper rates AND a local agent. If you want to compare rates from a specific company, you can always find their quoting web page and fill out their quote form.
Finding the right insurance company requires more thought than just a low price. Any agent in Oakland should have no problem answering these questions:
- What discounts might you be missing?
- Do they receive special compensation for putting your coverage with one company over another?
- Are they able to provide referrals?
- Do they specialize in personal lines coverage in Oakland?
- Does the agency provide any after hours assistance?
- How long have they been in business?
Independent or Exclusive: It’s your choice
If you are wanting to purchase car insurance from a local Oakland insurance agency, there are a couple of different types of agencies and how they are slightly different. Car insurance agents in Oakland may be either independent or exclusive.
Exclusive Car Insurance Agencies
Exclusive agents are contracted to one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. These agents are unable to compare rates from other companies so if the price isn’t competitive there isn’t much they can do. These agents are very knowledgeable in insurance sales and that allows them to sell at a higher price point. Consumers frequently use the same agent mostly because of the brand legacy instead of buying on price only.
The following is a short list of exclusive insurance agencies in Oakland who can help you get price quotes.
- Jain Williams – State Farm Insurance Agent
4222 MacArthur Blvd – Oakland, CA 94619 – (510) 530-3222 – View Map - Farmers Insurance – Norman Garcia
8105 Edgewater Dr #118 – Oakland, CA 94621 – (510) 878-7555 – View Map - Rich Kirchner – State Farm Insurance Agent
5736 Thornhill Dr Ste 101 – Oakland, CA 94611 – (510) 339-9340 – View Map
Independent Insurance Agents
Independent insurance agents are appointed with more than one company so as a result can place your coverage through lots of different companies and find you the best rates. If prices rise, they simply switch companies in-house and the insured can keep the same agent. When comparing car insurance prices, we highly recommend that you check rates from a couple of independent agencies for the best price selection. Most independent agents also contract with smaller mutual companies that many times have cheaper rates.
The following are independent insurance agents in Oakland who can help you get price quotes.
- Thandi Insurance Brokerage
2859 Mandela Pkwy – Oakland, CA 94608 – (510) 452-1566 – View Map - All Purpose Insurance Agency
5857 MacArthur Blvd – Oakland, CA 94605 – (510) 382-1900 – View Map - Travel Insurance Agency
610 16th St #508 – Oakland, CA 94612 – (510) 452-3366 – View Map
Once you have received positive feedback to all your questions in addition to an acceptable price estimate, it’s possible that you found an insurance agency that is professional and can adequately provide car insurance. Just be aware that you are entitled to terminate coverage at any time so don’t think that you’re stuck with any specific company for a certain time period.
Car insurance savings summarized
Cheaper car insurance in Oakland can be bought on the web as well as from insurance agents, and you need to price shop both to have the best rate selection. Some companies do not provide online price quotes and these small, regional companies only sell coverage through independent agents.
We’ve covered some good ideas how you can save on Lexus IS 250 insurance in Oakland. It’s most important to understand that the more times you quote, the higher the chance of saving money. You may even discover the biggest savings come from a company that doesn’t do a lot of advertising.
Insureds leave their current company for a variety of reasons including delays in paying claims, high rates after DUI convictions, delays in responding to claim requests and policy cancellation. Whatever your reason, switching car insurance companies is easier than you think.
More tips and info about car insurance is located in the articles below:
- What is Gap Insurance? (Insurance Information Institute)
- Who Has Affordable Auto Insurance for Felons in Oakland? (FAQ)
- How Much is Oakland Car Insurance for a Ford Explorer? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Dodge Ram in Oakland? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Chevrolet Traverse in Oakland? (FAQ)
- Who Has Affordable Car Insurance for a Nissan Versa in Oakland? (FAQ)
- Which Company has the Cheapest Auto Insurance in Oakland, CA? (FAQ)
- Who Has Cheap Oakland Auto Insurance Quotes for Homeowners? (FAQ)
- What Does No-Fault Insurance Cover? (Allstate)
- Reducing Your Risks in a Car Crash Video (iihs.org)