I totally agree on shopping around. It's your money. Rates will certainly vary. It is also important to be with a good insurer that will support you if a problem arises.

 

Expensive cars are expensive to repair and thus expensive to insure.

My insurance went up significantly from my WRX, which is not cheap to insure either.

Always check with your insurance company before purchasing. I knew what I was getting into going in.

 

All good advice. I did not check out the rate prior to leasing the IS350. I assumed it would go up a little, but not triple. Thats my fault for assuming. But at the same time, something still seems off. Some increase is acceptable, but triple the price is something I cannot accept. I will shop it around if they cannot give me some sort of compromise.

Here's another thought. This IS350 was to replace my IS250, which got destroyed in an accident due to a red-light runner on his cell phone. The lawyers are working on the case. Now that I see there is a large added cost with insurance, I am thinking that is something that should be included in the case. As I understand it to be, one needs to be made whole again. The 2020 IS350 was the only vehicle that matched my IS250. There is no longer a base V6 like the 250, so I had to go with the 350. (I tried the IS300, but felt the four cylinder sounded tinny and unrefined- a big drop from my 250 IMO). So here I am with the closest representation of what got destroyed. If I presented that to my lawyer, would that be a legit thing to be compensated for? I did not ask for triple insurance rate, I did not ask to be hit by someone irresponsible, and I did not want to downgrade to a four cylinder. I am not sure how the law works, but wonder if this increase can be helped within my case.
Thoughts?

 

You need to shop around on your ins, because that is an outrageous mark up. I'm in my late 40's and I'm looking into moving from my 2014 IS250 FSport to a RC F, and my ins looks like it'll jump up about 43%. I have a clean driving record, but the jump from 6 to 8 cylinders is the reason for it.

 

“I have all the good driver discounts, low miles per year, the Lexus SOS applied, etc.- all the same criteria as before and a perfect driving record.”

. I dont think Im getting the full picture here. In fact you actually lied to us all by omission. You started by saying “I woke up one day and sold mi 250 for a 350 and those bastards tripled my insurance” and in response, we all collectively went “oh that suckS. Get the Pitchforks lets storm the Castle.”

in reality, you had your car totalled, may have been partially responsible, and You used your insurance to replace your car. The hp Rating for the 250 turbo is about the same as the 350. That probably had little to do with the increase. The year difference is a big factor. The replacement cost on your 250 is 50% that of the new 350. You filed a claim with your insurance and they want to be compensated for their loss. when an insurance company pays out more than $500 on a claim, that is a mark against you. You can expect a rate hike. Normally they will hit you on the next renewal, which may have been what coincidentally happened here. But to leave out the huge detail that you had your old car totaled Was very misleading. There is no free ride in the insurance game. Expect higher rates for the next 5 years and no other insurance company will give you a better deal for two reasons. 1) you have an accident/claim on your record 2) they dont want to encourage customers jumping insurance plans after a claim. Call It collusion.

shame on you for misleading the good people of this forum. The rates were raised for good reason and your claim of good driving record was not entirely true. F-sport does have a few more bells and whistles like active suspension, but its not like the HP changed.

 

The guy who hit you did not force you into buying a newer car, you could have bought another old used IS250. I don't think you'd have an argument there. Glad you got a lawyer though; been in a few wrecks myself and after all the ****ty experiences dealing directly with insurance companies, I always lawyer up.

 

You are going off an idea that isn't the case. You also quoted me with something I never said or wrote. The accident was 100% the other guy's fault. There are three witnesses backing that up, the police report backing that up, and even the driver admitted he wasn't paying attention and ran the red. So I don't think I have any points against me nor did the accident effect the cost of the new 350.

 

True, I did not have to buy new. I did look at used 250's, but none were remotely close to the condition mine was in. There was no way to make a lateral move there. But yeah, probably this notion will not have any legal bearing in court.

 

This "shame on you" seems like a pretty extreme response to me. I don't understand how you determined a not-so-good driving record came into play at all.

Though, I do think that accidents have no guarantee of immunity from rate increases. Even when my wife's car was totaled a few years ago, at no fault of her own, it was still a rate increase when we replaced it with essentially the same car but a newer year - complete with a "new car discount". More likely in this case, however, is just the newness + the fact that it's a 350.

 

ANY claim may count against you depending on the Insurance providers specific guidelines

getting into an Accident and buying a 2020 shows your lack of research BEFORE hand


what i hated on my Celica GT-S in 2001 was i was paying as much as a higher end BMW because 1. a lotta kids got their hands on the GTS version and ended up wrecking them - thus i would assume, raising their ratio of cost to insure


GTS came with 180HP which is a lot for a 2,500 pd. car to this day vs. the much less expensive

Celica GT with 140 HP


we actually had both and if i didn't fall in love with that 6 Speed GTS, i would've sold it for something else but FULLY knew i would:

pay a premium on Insurance from State Farm even with all our discounts for buying a car only a few years old
get a car most Insurance companies would classify as "high risk"
premium fuel, etc.


if you love it, suck it up and keep it...if AFTER you do the research and say call your Insurance company and get a quote between the difference from a 2020 to 2014 (same Gen version with few upgrades to newer Gen. models), you can better decide going forward


hope this helps man and post anytime for additional help

 

...this isnt about me. But I will comment about your response. Fizzy said he was totaled by a red-light runner. By being in the middle of an intersection you are partially liable for the collision. You see, it is unlawful to enter an intersection and sit there. Yes you had the green light, but you were blocking the intersection. You may only enter the intersection once you have determined its clear. Thats an immediate determination, not a future determination. If you weren't out there you wouldn't have been hit. For clarity, EVEN if you were driving through the intersection when you were hit, same deal. You did not check both ways before entering the intersection. You assumed it was clear. Get it?
I always check the side traffic when crossing an intersection, even if the light has been green for a while. I have seen too many T-bone accidents.

we all do it but that is how the law looks at it. Ultimately the other guy will pay, but once you file a claim against your insurance, your rates will be affected.. and lets not ignore the actual story was so far away from the initial story, nobody here could have give the right response. Words mean things. Im in my 50s and have dealt with this a few times before. Thankfully nothing as severe as a red light runner.

Now about me:
2 years ago my wife and were stopped at a traffic light 6 deep from the line in our 08 Sienna paid off. When out of the blue we were rearended by an uninsured driver. Totaled our van. Thank God were were in the van, because he hit us at 40mph and the van crumpled and absorbed most of the impact. Had we been im my 01 IS300, it would have been so much worse. There was no way I was going to buy another 08 van. So I got $7000 for the van and bought a 14 Sienna and because that ***** bag hit us, we now have a $250 car payment. Im now paying for something I had no control over. I was on the street, got hit, and thats one of lifes risks.

what I found interesting was my rate did not rise from this accident even tho I filed a claim on my insurance. I was not in any way legally responsible, so my uninsured policy was used. Its a separate policy on my insurance policy. It does not affect future premiums. That was a relief to hear.

 

Yeah in my wife's car's case, we were also hit by a red-light runner. However, we were under the impression that we had no fault. To be honest, we both know it's kind of silly to be at fault when you have the right of way. However, that partial fault could explain the rate increase, and laws don't have to make sense.

I also would like to point out that states have varying laws on this topic. Some, for instance, have a 100% fault for rear-ending someone no matter the reason.

My post you're responding to was simply to say that "shame on you" is kind of unnecessary when it was just a simple misunderstanding of how insurance works.

 

i forget the answer to this question but:

What if on a 4 way stop, 1 side - Cop, 2nd side - Ambulance, 3rd side Fire Truck, 4th side - You


who goes first?...if someone finds the answer great too

 

It depends on if there is a fire or customer with a heart attack at the doughnut shop.

fire: 1) cop (save the doughnuts) 2) fire truck 3) ambulance

heart attack: 1) ambulance 2) fire truck 3) cop (Stick around for doughnuts afterwards)

just having fun here. Flame suit is now on.