Lexus Auto Insurance (2024)
Lexus auto insurance costs $164/mo on average, but you'll only pay about $147 to insure a Lexus ES 350. You can get the best insurance options for your Lexus by comparing average car insurance rates, following tips to lower insurance costs for Lexus vehicles, and understanding factors that influence prices.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Oct 2, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 2, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- It costs more to insure a Lexus on average than most car models since it’s a luxury vehicle
- Average Lexus insurance costs $164 monthly, but rates vary depending on personal factors like age, location, and more
- Insuring more than one car will also increase the cost of insuring a Lexus vehicle
Lexus auto insurance is typically quite pricey. Auto insurance for luxury vehicles is typically higher than for less expensive vehicles. For example, replacing a bumper on an average Kia is less expensive than the bumper on a $56,000 Lexus GX.
Read more: KIA Auto Insurance
On average, you’ll pay $164 monthly for Lexus auto insurance. Toyota owns Lexus, but on average, a Lexus costs $25 more per month to insure than a Toyota-branded car.
Keep reading to compare free Lexus insurance quotes from top companies, learn tips to lower insurance costs for Lexus vehicles, and find the best insurance options for Lexus vehicles.
Average Lexus Auto Insurance Rates
The average Lexus auto insurance rates are about $164 per month, though you can follow several tips to find cheap auto insurance for a Lexus.
There are several factors that influence Lexus insurance prices, including the model, annual mileage, driver age, location, credit history, driving history, and coverage type. For example, if you only need liability auto insurance, you’ll only pay about $39 monthly for coverage.
Our average considers a 40-year-old motorist with solid credit, full coverage auto insurance, and a clean driving record. Additionally, this driver logs roughly 13,000 miles yearly. The coverage is a single-car policy, so no multi-vehicle savings are available.
Lexus Auto Insurance Rates by Model
The Lexus model you buy impacts your auto insurance rates due to car value, repair costs, safety features, and theft rates. Take a look at the table below to compare Lexus insurance premiums by model:
Lexus Full Coverage Auto Insurance Average Rates by Model
| Lexus Model | Rates |
|---|---|
| Lexus RX 450h | $171 |
| Lexus RX 350 | $166 |
| Lexus LX 570 | $182 |
| Lexus LS 460 | $171 |
| Lexus IS 350 | $157 |
| Lexus IS 300 | $159 |
| Lexus GS 450h | $171 |
| Lexus GS 350 | $154 |
| Lexus ES 350 | $147 |
| Lexus NX 300 | $159 |
| Lexus GS 300 | $147 |
The cheapest Lexus to insure is the compact SUV Lexus NX 300 — a full coverage policy typically costs $159 monthly. On the other hand, the Lexus LX 570 has the highest monthly Lexus insurance costs at $182. So, it’s important to compare auto insurance rates by vehicle make and model to find affordable insurance for Lexus cars.
The model year will also influence how much you pay for Lexus auto insurance, with newer vehicles being more expensive.
Lexus Auto Insurance Rates by Company
Lexus auto insurance premiums also vary widely by chosen insurance companies. Take a look at the table below to compare full coverage auto insurance rates by company:
Full Coverage Auto Insurance Rates From Top Providers
| Insurance Company | Monthly Rates |
|---|---|
| Allstate | $160 |
| American Family | $117 |
| Auto-Owners | $33 |
| Farmers | $87 |
| Geico | $80 |
| Liberty Mutual | $174 |
| Nationwide | $115 |
| Progressive | $105 |
| State Farm | $86 |
| Travelers | $99 |
| USAA | $59 |
| U.S. Average | $119 |
As you can see, USAA auto insurance and Geico auto insurance offer the lowest monthly rates of $58 and $80, respectively, though USAA is only available to military members and their families. On the other hand, Allstate auto insurance and Liberty Mutual auto insurance are the most expensive.
It’s crucial to regularly evaluate your options for car insurance coverage, especially when buying a new vehicle. Whether you intend to stick with your current insurer or find a new one, comparing insurance quotes is one of the best tips to lower insurance costs for Lexus.
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How Credit Score Impacts Lexus Auto Insurance Rates
You might be wondering how credit scores affect auto insurance rates for Lexus vehicles. Credit has a significant impact on average Lexus insurance rates in most states. Hawaii, Michigan, Maryland, California, and Massachusetts are the only states where insurers cannot charge rates based on credit.
It might be better for drivers under 25 to join their family’s multi-vehicle coverage for better Lexus insurance premiums because they often don’t have well-established credit.
Additionally, people can improve their credit over time to reduce their insurance rates. While paying for car insurance doesn’t help your credit, utilizing a credit card to make your regular payments does. Just be careful to pay off your account completely each billing cycle. Learn more about auto insurance and your credit score.
Factors That Influence Lexus Insurance Premiums
There are some other factors that affect your auto insurance rates. For example, average auto insurance rates by age vary for Lexus drivers.
Auto insurance for teens is more expensive because they lack driving experience and are more likely to cause accidents. Teens pay about $600 monthly for the cost of insuring a Lexus vehicle. However, by the time they turn 25, risk and Lexus insurance premiums drastically decrease until age 60.
Auto insurance rates by ZIP code vary. For example, Lexus auto insurance premiums are higher in Michigan because it has high state minimum auto insurance requirements, and you’ll see higher Lexus rates if your location has more accidents or auto thefts.
Luxury vehicles like Lexus are prime targets for theft. Additionally, more powerful engines are frequently found in more expensive cars, so the cost of insuring a Lexus vehicle is higher.
Safety features can lower your Lexus insurance costs. Find out if your Lexus car’s driver-side and passenger-side air bags, automatic seat belts, anti-lock brakes (ABS), blind-spot detection systems, and lane-departure warning systems can help you get affordable insurance for Lexus cars.
Some features that haven’t made it to less expensive models, like sensors that detect turns in the road or oncoming traffic, can occasionally offset high insurance costs for cars like Lexus vehicles. Find out if Lexus’s safety rating for midsize luxury SUVs is better than Volvo’s.
Additional Lexus Auto Insurance Options
Extra coverage options will raise your average Lexus insurance costs but may be useful if you’re looking to purchase a new Lexus. For example, if you lease or finance your Lexus, you might need comprehensive auto insurance and collision auto insurance alongside the coverage your state requires.
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To determine which coverage alternatives are beneficial, consider your own situation. These extra coverages include:
- Gap insurance: If your new Lexus gets totaled in a covered accident, gap insurance pays the difference between the car’s value and what you still owe on it. Some car lenders may require gap insurance.
- Roadside assistance: If you break down on the side of the road, roadside assistance coverage assists with towing, changing a flat tire, and fuel delivery. However, it doesn’t include the price of fuel or tire repair.
- Replacement coverage: If your car gets totaled, new car replacement insurance pays for the cost of the same or similar make and model of your Lexus.
- Rental auto insurance: Rental auto insurance pays for a replacement vehicle while yours gets repaired after a covered claim.
- Rideshare auto insurance: If you drive for a rideshare company like Uber or Lyft, you’ll need rideshare auto insurance with your company. However, your Lexus will increase by about 15%.
- Commercial auto insurance: Commercial auto insurance may be necessary to protect work vehicles, offering coverages like liability and comprehensive insurance for Lexus vehicles.
Even if your Lexus doesn’t have a payment, you should consider these coverage options to help cover the expenses of repairs for your car in case of a covered claim.
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Tips to Lower Auto Insurance Costs for Lexus
The fact that you own a Lexus doesn’t negate the value of affordable auto insurance. To lower your auto insurance rates, take the following actions:
- Don’t drive too far each year.
- If you park overnight, do it safely.
- Don’t file too many auto insurance claims.
- If you increase your auto insurance deductible, you’ll see more affordable insurance for Lexus cars, but don’t raise it to an amount you can’t afford.
You might also be eligible for further reductions and auto insurance discounts if your Lexus includes particular features, like:
- Systems with passive restraint, such as air bags and mechanized seat belts
- Anti-lock brakes auto insurance discount
- Anti-theft tools
- Usage-based auto insurance
Spending a fortune on insurance isn’t necessary just because you drive a luxury car. Find the lowest Lexus insurance costs by researching, and concentrate on raising your credit score.
Dig Deeper to Lower Your Lexus Auto Insurance Costs
Are you overpaying for the cost of insuring a Lexus vehicle? For most individuals, auto insurance is a significant expense, and the cost of luxury auto insurance coverage is rising. If you put in the effort and compare the best insurance options for Lexus vehicles, you can reduce your Lexus car insurance premiums.
How much would it cost to insure a Lexus? The typical monthly cost of auto insurance for a Lexus is about $164 per month.
However, Lexus insurance costs will differ greatly among carriers for the same coverage. Get new Lexus insurance quotes if you’ve been with your current insurance provider for over a few years to ensure you’re not overpaying. Shopping for multiple companies is the only effective way to get the lowest Lexus insurance premiums.
Frequently Asked Questions
Is Lexus expensive to insre?
Lexus auto insurance costs $164 monthly for full coverage, though the cost of insuring a Lexus vehicle will vary based on the model, driving profile, type of auto insurance, and insurance company. Since there are several factors that influence Lexus insurance prices, comparing quotes from various companies is one of the best tips to lower insurance costs for a Lexus.
How much is auto insurance for a Lexus RX 350?
Full coverage auto insurance for a Lexus RX 350 costs $166 monthly, which is slightly higher than the overall cost of insuring a Lexus vehicle. However, average Lexus insurance rates vary based on several factors.
What would happen if I gave false information when buying Lexus auto insurance?
Your Lexus auto insurance policy will be void if you supply inaccurate information. You’ll lose coverage and may also face charges of insurance fraud.
If you need to make changes or update your Lexus insurance policy, your company may allow for some adjustments. However, not all insurers will consent to the changes and may cancel the policy. You’ll need to buy a new and accurate policy to cancel the insurance.
How much does Lexus GS auto insurance cost?
The average cost of insurance for the most recent Lexus GS model is $158 monthly. After the 2020 model year, the GS was discontinued, though some dealerships may still have some in stock.
Why is it important to have auto insurance for a Lexus vehicle?
Auto insurance is essential for any vehicle, including a Lexus. It provides financial protection in case of accidents, theft, or damage to your vehicle. Lexus vehicles tend to have higher repair and replacement costs, making insurance coverage even more crucial to safeguard your investment.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.