Save Money on Lexus IS 250 Insurance in Honolulu

We don’t have to point out that fact that insurance companies want to prevent you from shopping around. Consumers who get price comparisons are highly likely to switch to a new company because there is a good chance of finding a lower rate. A recent car insurance study discovered that people who compared rate quotes regularly saved an average of $72 a month as compared to drivers who never shopped around for lower prices.

If finding the lowest price on Lexus IS 250 insurance in Honolulu is your objective, then having an understanding of how to choose a company and compare auto insurance can help you be more efficient.

Discount Lexus IS 250 insuranceTo save the most money, the best way to find better pricing on auto insurance rates in Honolulu is to regularly compare quotes from companies that sell auto insurance in Hawaii.

The key thing to remember is to make sure you enter similar limits and deductibles on each quote request and and to get price estimates from as many carriers as you can. This ensures a fair price comparison and and a good selection of different prices.

How to compare Lexus IS 250 insurance quotes in Honolulu, HI

Getting a cheap price on Lexus IS 250 insurance doesn’t have to be difficult. The only requirement is to take a few minutes to compare rate quotes from online providers.

The companies in the list below provide comparison quotes in Honolulu, HI. If the list has multiple companies, it’s a good idea that you compare several of them to get a more complete price comparison.

Get cheaper rates with discounts

Companies that sell car insurance don’t necessarily list their entire list of discounts in an easy-to-find place, so the list below gives a summary of both the well known and also the lesser-known discounts that you may qualify for.Discount car insurance

A little note about advertised discounts, most discount credits are not given to all coverage premiums. Most only cut specific coverage prices like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, you’re out of luck. But any discount will cut your premiums.

The information below shows the comparison of Lexus IS 250 yearly insurance costs with and without discounts. The price estimates are based on a female driver, no claims or driving violations, Hawaii state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, homeowner, marriage, and multi-car discounts applied.

Large car insurance companies and their possible discounts can be found below.

It’s a good idea to ask every insurance company which credits you are entitled to. A few discounts might not apply everywhere. To see a list of providers who offer free Lexus IS 250 insurance quotes in Honolulu, click here to view.

Lexus IS 250 insurance coverage information

The coverage table displayed next outlines different insurance costs for Lexus IS 250 models. Having a good understanding how insurance prices are formulated can assist in making decisions when shopping around.


Lexus IS 250 Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $286 $686 $304 $18 $90 $1,384 $115
IS 250 AWD 4-Dr $318 $686 $304 $18 $90 $1,416 $118
IS 250 C 2-Dr Convertible $318 $686 $358 $22 $106 $1,490 $124
Get Your Own Custom Quote Go

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Estimates do not factor in vehicle garaging location which can revise insurance rates considerably.

Policy deductibles

The hardest decision when buying coverage is at what level do you set your deductibles. The rates below can help you understand the difference in cost when you buy lower versus higher physical damage deductibles. The first rate comparisons uses a $100 deductible and the second price chart uses a $1,000 deductible.


Lexus IS 250 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $258 $558 $226 $14 $68 $1,149 $96
IS 250 AWD 4-Dr $286 $558 $226 $14 $68 $1,177 $98
IS 250 C 2-Dr Convertible $286 $558 $264 $16 $80 $1,229 $102
Get Your Own Custom Quote Go

Lexus IS 250 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
IS 250 4-Dr Sedan $142 $294 $226 $14 $68 $744 $62
IS 250 AWD 4-Dr $158 $294 $226 $14 $68 $760 $63
IS 250 C 2-Dr Convertible $158 $294 $264 $16 $80 $812 $68
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can alter coverage prices noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost you roughly $35 more each month or $420 for a full year than selecting the higher $1,000 deductible. Since you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 26 months between claim filings, you would probably be better off if you choose a higher deductible. The illustration below shows the way you can perform this determination yourself.

Average monthly premium for $100 deductibles: $99
Average monthly premium for $1,000 deductibles (subtract): – $64
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

Careless Honolulu drivers pay higher rates

The example below shows how violations and fender-benders can drive up Lexus IS 250 insurance costs for each age group. The rate quotes are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Comparison of full coverage and liability-only policies

The diagram below shows the comparison of Lexus IS 250 yearly insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no claims or driving citations, $250 deductibles, single marital status, and no policy discounts are applied.

When to buy liability coverage only

There isn’t a steadfast formula of when to stop paying for full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Lexus IS 250 replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after the policy deductible has been paid. If it’s costing you more than $600 annually for full coverage, then you might consider buying liability only.

There are a few situations where removing full coverage is not a good plan. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

How Insurance Companies Calculate Lexus IS 250 Insurance Costs

One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that help determine your auto insurance rates. When consumers understand what controls the rates you pay, this allows you to make good choices that can earn you better auto insurance rates.

Pay more out-of-pocket – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Some coverage claims are a broken side mirror, collision with an animal, and damage from a fallen tree branch. Deductibles for physical damage tell how much you are willing to pay out-of-pocket if you file a covered claim. The higher the amount you are required to pay out-of-pocket, the less money you will pay for auto insurance.

Men pay more for insurance – Over the last 30 years, statistics show that females take fewer risks when driving. It does not mean women are better drivers. Women and men have accidents at about the same rate, but the males tend to have higher claims. Men also tend to get cited for more serious violations such as reckless driving.

The diagram below illustrates the difference between Lexus IS 250 insurance rates for male and female drivers. The prices are based on no accidents or driving violations, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Liability is important – Your policy’s liability coverage is the coverage that protects you when a jury decides you are liable for an accident. Your policy’s liability insurance provides for a legal defense up to the limits shown on your policy. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Multi-policy discounts can save money – The majority of auto insurance companies give lower prices to insureds who carry more than one policy, otherwise known as a multi-policy discount. The discount can add up to ten or even fifteen percent. Even if you’re getting this discount it’s always a smart idea to get quotes from other companies to make sure you are getting the best deal.

Older drivers pay less – More mature drivers are shown to be more cautious, cause fewer claims and accidents, and receive fewer citations. Inexperience drivers tend to be inattentive with other occupants in the car therefore auto insurance rates are much higher.

The data below uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Insurance loss statistics a Lexus IS 250 – Auto insurance companies use statistical claims data to help determine the price you pay. Models that the data shows to have higher claim amounts or frequency will cost more for specific coverages.

The table below demonstrates the historical insurance loss data for Lexus IS 250 vehicles. For each insurance policy coverage type, the claim probability for all vehicles compiled together is equal to 100. Numbers below 100 suggest a better than average loss history, while percentages above 100 indicate more frequent claims or an increased probability of a larger loss.


Lexus IS 250 Insurance Loss Statistics
Vehicle 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
BETTER
AVERAGE
WORSE

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