Cheapest Quotes for Lexus IS 250 Insurance in Portland

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Discount Lexus IS 250 insuranceThe preferred way to find discount Lexus IS 250 insurance is to compare prices annually from providers who provide auto insurance in Portland. Prices can be compared by completing these steps.

  1. Take a few minutes and learn about what coverages are included in your policy and the factors you can control to prevent expensive coverage. Many things that result in higher prices like traffic violations, accidents, and a lousy credit rating can be improved by making minor changes in your lifestyle. Later in this article we will cover additional ideas to prevent rate hikes and find hidden discounts.
  2. Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive and State Farm, while independent agencies can quote prices from multiple sources.
  3. Compare the new rates to the premium of your current policy and determine if there is any savings. If you find a lower rate quote and switch companies, make sure there is no coverage gap between policies.
  4. Provide adequate notice to your current company of your intent to cancel your current policy and submit a down payment along with a completed application for your new policy. As soon as you can, keep your new proof of insurance paperwork with the vehicle registration.

One important bit of advice is that you use the same deductibles and limits on every price quote and and to look at as many companies as you can. Doing this provides an apples-to-apples comparison and a complete price analysis.

Unfortunately, the vast majority of car insurance customers in Oregon renewed their policy with the same company for four years or more, and nearly the majority have never compared car insurance rates at all. Consumers in America can cut their rates by about 46.5% a year just by comparing rates, but most undervalue the actual amount they would save if they swap their current policy for a cheaper one.

The are a couple different ways to compare quotes from local Portland car insurance companies. The best way to comparison shop consists of shopping online.

It's so easy to compare quotes online that it makes it a waste of time to drive to insurance agents' offices. Comparing online rate quotes makes this unnecessary unless you're the type of person who wants the extra assistance only provided by licensed Portland agents. You can, however, find lower rates online but have a local agent actually write the policy. When quoting car insurance, remember that more quotes helps locate the best rates.

The providers in the list below offer free quotes in Oregon. If multiple companies are listed, it's highly recommended you visit as many as you can to find the most competitive auto insurance rates.

Lexus IS 250 insurance charts and tables

The data table displayed below covers detailed analysis of insurance rates for Lexus IS 250 models. Being aware of how insurance rates are determined can assist in making smart policy decisions.

Lexus IS 250 Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $302 $660 $278 $16 $82 $1,338 $112
IS 250 AWD 4-Dr $336 $660 $278 $16 $82 $1,372 $114
IS 250 C 2-Dr Convertible $336 $660 $326 $20 $98 $1,440 $120
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Table data does not factor in your specific Portland location which can modify rates significantly.

Policy deductible comparison

When comparing insurance rates, the most common question is how high should your deductibles be. The comparison tables below may help to illustrate the rate difference when you buy lower versus higher physical damage deductibles. The first data table uses a $250 physical damage coverage deductible and the second price chart uses a $500 deductible.

Lexus IS 250 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $278 $564 $272 $16 $82 $1,237 $103
IS 250 AWD 4-Dr $310 $564 $272 $16 $82 $1,269 $106
IS 250 C 2-Dr Convertible $310 $564 $320 $18 $96 $1,333 $111
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Lexus IS 250 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $226 $456 $272 $16 $82 $1,052 $88
IS 250 AWD 4-Dr $252 $456 $272 $16 $82 $1,078 $90
IS 250 C 2-Dr Convertible $252 $456 $320 $18 $96 $1,142 $95
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in specific location which can increase or decrease auto insurance rates greatly.

Based on the data above, we can derive that using a $250 deductible would cost the average driver about $16 more each month or $192 for a full year averaged for all IS 250 models than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you usually have more than 16 months between claim filings, you would probably save some money if you elect the higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $250 deductibles: $107
Average monthly premium for $500 deductibles (subtract): - $91
Monthly savings from raising deductible: $16
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One important note is that raising deductibles to save money results in more money out-of-pocket if you have a claim. You need some non-essential savings in the event you have to pay the deductible for vehicle repair.

Cautious Portland drivers save money

The illustration below demonstrates how citations and at-fault accidents can influence Lexus IS 250 premium costs for each different age group. Data assumes a single male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

Yearly insurance costs for men versus women

The chart below illustrates the difference between Lexus IS 250 insurance costs for male and female drivers. The premium estimates are based on no driving violations, no at-fault accidents, full coverage, $100 deductibles, marital status is single, and no additional discounts are factored in.

How much more does full coverage cost in Portland?

The chart below illustrates the difference between Lexus IS 250 insurance costs with full coverage and liability only. The premiums are based on no claims or driving citations, $500 deductibles, drivers are single, and no discounts are applied to the premium.

When to drop comprehensive and collision

There is no specific rule for eliminating comp and collision coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let's say your Lexus IS 250 replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after paying your deductible. If it's costing in excess of $600 a year for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few cases where eliminating full coverage is not advised. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should not buy liability only.

Protect your IS 250 and other assets

Despite the high cost, insuring your vehicle is required by state law in Oregon and it also provides benefits you may not be aware of.

  • Most states have minimum liability requirements which means the state requires specific limits of liability insurance coverage in order to drive the car. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
  • If you took out a loan on your Lexus, it's most likely the lender will stipulate that you have insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender may insure your Lexus for a lot more money and require you to pay for the expensive policy.
  • Insurance safeguards both your assets and your Lexus IS 250. Insurance will pay for medical bills for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your auto insurance policy will cover the damage repairs after a deductible is paid.

The benefits of buying auto insurance are without a doubt worth the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $820 a year so you should quote and compare rates each time the policy renews to ensure rates are competitive.

Lower Your Portland Insurance Rates

Many factors are part of the calculation when premium rates are determined. Most are fairly basic like an MVR report, but other factors are more obscure like your continuous coverage or your commute time.

  • Safeguard your assets with liability insurance - The liability section of your policy kicks in when a court rules you are at fault for causing damage or personal injury in an accident. Your liability coverage provides legal defense coverage up to the limits shown on your policy. It is affordable coverage as compared to coverage for physical damage, so buy as much as you can afford.
  • Stress out and pay more - Did you know your career choice can influence rates? Occupations such as lawyers, architects, and emergency personnel generally have higher rates than average due to job stress and lengthy work days. On the flip side, careers like actors, historians and homemakers receive lower rates.
  • Getting married can save you money - Having a wife or husband may earn you lower rates on your car insurance policy. It translates into being less irresponsible and it's proven that married couples file fewer claims.
  • Pay more of a claim out-of-pocket - Comprehensive and collision coverage deductibles are the amount of money you are required to pay if a claim is determined to be covered. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some instances where coverage would apply would be collision with another vehicle, fire damage, and damage caused by road hazards. The more expense you are required to pay out-of-pocket, the less your company will charge you for insurance.
  • Lexus IS 250 insurance loss statistics - Companies take into consideration historical loss data for every vehicle to determine a rate that will be profitable for them. Models that the data determines to have increased claim numbers or amounts will cost more for specific coverages.

    The next table shows the insurance loss data for Lexus IS 250 vehicles. For each insurance policy coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while numbers above 100 indicate more frequent claims or statistically larger losses.

    Lexus IS 250 Insurance Loss Statistics
    Vehicle 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
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Statistics from IIHS.org for 2013-2015 Model Years

What is YOUR best insurance company?

When you buy Portland car insurance online, never skimp on critical coverages to save a buck or two. There are a lot of situations where drivers have reduced full coverage only to discover later that the few dollars in savings costed them thousands. The proper strategy is to buy enough coverage at the best cost but still have enough coverage for asset protection.

You just read some good ideas how to shop for Lexus IS 250 insurance online. It's most important to understand that the more you quote Portland car insurance, the better chance you'll have of finding inexpensive Portland car insurance quotes. You may even be surprised to find that the lowest priced auto insurance comes from the least-expected company. Regional companies often have lower rates on specific markets compared to the large companies like Allstate or State Farm.

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