Nobody that owns a car enjoys paying for car insurance, in particular when they are paying too much.
Sad but true, nearly 70% of customers kept their policy with the same company for four years or more, and practically 40% of car insurance customers have never quoted rates to find cheaper coverage. Consumers in Madison could save themselves as much as 30% a year just by comparing rates, but they just assume it takes a lot of time to compare rates and save money.
How to buy discount Lexus IS 250 insurance in Madison
If saving money is your primary concern, then the best way to find low-cost prices for Lexus IS 250 insurance in Madison is to do a yearly price comparison from insurance carriers that sell auto insurance in Wisconsin. Price quotes can be compared by completing these steps.
- Step 1: Try to understand auto insurance and the measures you can control to prevent expensive coverage. Many risk factors that are responsible for high rates such as accidents, traffic tickets, and a low credit score can be controlled by paying attention to minor details. Continue reading for information to keep prices down and find additional discounts.
- Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like Progressive and State Farm, while independent agencies can provide prices for a wide range of insurance providers.
- Step 3: Compare the new quotes to the premium of your current policy and see if you can save money. If you find better rates, ensure coverage does not lapse between policies.
- Step 4: Notify your current company of your intent to cancel your existing policy and submit the completed application along with a down payment to your new insurance company. Once coverage is bound, keep the new proof of insurance certificate in an easily accessible location in your vehicle.
A good tip to remember is that you’ll want to make sure you compare similar limits and deductibles on every quote and and to analyze as many car insurance companies as possible. Doing this enables a level playing field and the best price quote selection.
Companies like Allstate, Progressive and GEICO all claim big savings with ads and it is challenging if not impossible to ignore the propaganda and take the time to shop coverage around.
Most companies make it easy to get insurance quotes directly from their websites. This process is possible for anyone as you simply type in your required coverages into the form. Upon sending the form, the company’s rating system gets your credit score and driving record and returns a price determined by many factors. The ability to get online rates for Lexus IS 250 insurance in Madison helps simplify price comparisons, and it’s very important to perform this step if you want to find the cheapest price.
To quickly compare pricing, compare rate quotes from the providers shown below. To compare your current rates, we recommend you input the coverages as shown on your current policy. This ensures you will get a rate comparison based on identical coverages.
The companies shown below offer free rate quotes in Wisconsin. If your goal is to find the best auto insurance in WI, we suggest you click on several of them to find the lowest car insurance rates.
Insurance coverage details
The rate information below showcases estimates of insurance prices for Lexus IS 250 models. Having knowledge of how auto insurance premiums are established can aid in making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $248 | $596 | $264 | $16 | $78 | $1,202 | $100 |
| IS 250 AWD 4-Dr | $276 | $596 | $264 | $16 | $78 | $1,230 | $103 |
| IS 250 C 2-Dr Convertible | $276 | $596 | $310 | $18 | $92 | $1,292 | $108 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Information does not factor in vehicle garaging location which can affect coverage rates substantially.
Auto insurance deductibles
One common question asked by Madison drivers is how high should the deductibles for physical damage be. The following insurance rates can help show the costs and benefits between high and low deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $224 | $484 | $196 | $12 | $58 | $999 | $83 |
| IS 250 AWD 4-Dr | $248 | $484 | $196 | $12 | $58 | $1,023 | $85 |
| IS 250 C 2-Dr Convertible | $248 | $484 | $230 | $14 | $68 | $1,069 | $89 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| IS 250 4-Dr Sedan | $124 | $256 | $196 | $12 | $58 | $646 | $54 |
| IS 250 AWD 4-Dr | $138 | $256 | $196 | $12 | $58 | $660 | $55 |
| IS 250 C 2-Dr Convertible | $138 | $256 | $230 | $14 | $68 | $706 | $59 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in garaging location in Madison which can raise or lower insurance rates greatly.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you about $30 more each month or $360 for a full year averaged for all IS 250 models than selecting the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 30 months between claim filings, you would save money if you choose the higher deductible.
Calculate deductible break even point
| Average monthly premium for $100 deductibles: | $86 |
| Average monthly premium for $1,000 deductibles (subtract): | – $56 |
| Monthly savings from raising deductible: | $30 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $30 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 30 months |
Annual premiums for males versus females
The information below compares Lexus IS 250 insurance prices for male and female drivers. The prices are based on no claims or driving violations, comp and collision included, $500 deductibles, single marital status, and no discounts are factored in.
Local agents and insurance
Many drivers would rather visit with an insurance agent and that is OK! A good thing about comparing rates online is that you can find cheap rate quotes and still choose a local agent. And supporting local agencies is still important in Madison.
To help locate an agent, after submitting this form (opens in new window), the quote information is sent to local insurance agents who will give competitive quotes for your insurance coverage. There is no need to leave your house because prices are sent directly to you. You can get cheaper insurance rates without having to waste a lot of time. If you need to get a comparison quote from a specific company, feel free to visit that company’s website and fill out their quote form.
Madison auto insurance agents are either independent or exclusive
If you’re trying to find a good insurance agency, it helps to know the two types of insurance agents from which to choose. Agents in Madison are considered either independent or exclusive.
Independent Agencies or Brokers
Independent agencies often have affiliation with several companies so they can quote policies with many different companies and help determine which has the cheapest rates. To transfer your coverage to a different company, the business is moved internally which makes it simple for you.
If you need cheaper insurance rates, we recommend you include rate quotes from at least one independent agent so that you can do a thorough price comparison.
Featured below are independent agents in Madison that can give you free price quotes.
Independent Insurance Services Inc.
2960 Triverton Pike Dr Suite 101 – Madison, WI 53711 – (608) 273-3325 – View Map
Above and Beyond Insurance
6601 Grand Teton Plaza #7 – Madison, WI 53719 – (608) 203-8666 – View Map
Abacus-Bertz Financial
6417 Odana Rd Suite 13 – Madison, WI 53719 – (608) 238-5800 – View Map
Exclusive Insurance Agents
Exclusive insurance agents can only quote rates from one company and some examples include Allstate, Farmers Insurance or State Farm. Exclusive agents cannot shop your coverage around so it’s a take it or leave it situation. Exclusive agents are well schooled in insurance sales which helps them sell on service rather than price.
The following are Madison exclusive insurance agencies that can give you rate quotes.
American Family Insurance – Jennifer Haack Agency LLC
3312 Packers Ave – Madison, WI 53704 – (608) 249-2182 – View Map
American Family Insurance – Vicki Wagener Agency LLC
1633 Thierer Rd – Madison, WI 53704 – (608) 249-2184 – View Map
Farmers Insurance
2317 International Ln – Madison, WI 53704 – (608) 249-7380 – View Map
Choosing an car insurance agent shouldn’t rely on just a cheap price quote. Any good agent in Madison should know the answers to these questions.
- Do they have a Better Business Bureau rating in Madison?
- Is every driver in your family covered?
- How many years have they been established?
- Will their companies depreciate repairs to your car based on the mileage?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Do they feel the quoted coverages are adequate?
- If you raise deductibles, how much can you save?