Are Lexus IS 300s Expensive to Insure? [How to Find Low Rates Online]

Average Lexus IS 300 car insurance rates cost $133 per month ($1,598 per year). On average, comprehensive coverage costs $389, collision coverage costs $568, and liability coverage costs $451 for Lexus IS 300 insurance.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jun 26, 2020

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Key Takeaways:

  • Full coverage costs around $1,598 a year or $133 each month
  • A liability-only policy costs around $641 a year or $53 each month
  • Highest rates are for teenage drivers at around $5,841 a year or $487 each month
  • Good drivers can save as much as $659 a year by earning policy discounts
  • Lexus IS 300 insurance costs around $79 more per year than the average vehicle

Lexus IS 300 insurance rates are influenced by a number of factors, such as the age of the driver. Mature drivers with clean records have the most favorable rates, while teenagers pay the most at $5,841 a year, or $487 every month.

In order to help you understand how Lexus IS 300 car insurance rates are determined, we have constructed this helpful article. Read through it to learn everything you need to know about Lexus IS 300 rates.

You can start comparing quotes for Lexus IS 300 car insurance rates from some of the best car insurance companies by using our free online tool now.

Lexus IS 300 Insurance Cost

The average Lexus IS 300 car insurance rates are $1,598 a year or $133 a month.

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Are Lexus IS 300s Expensive to Insure?

The chart below details how Lexus IS 300 insurance rates compare to other luxury cars like the Lexus GS 350, Jaguar XF, and Acura TLX.

Vehicle Comprehensive Collision Liability Total
Lexus IS 300 $356 $686 $398 $1,598
Lexus GS 350 $370 $714 $338 $1,558
Jaguar XF $406 $804 $398 $1,766
Acura TLX $332 $686 $398 $1,574
Audi S6 $444 $894 $398 $1,894
BMW M3 $406 $804 $398 $1,766
Jaguar XE $382 $774 $398 $1,712
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However, there are a few things you can do to find the cheapest Lexus insurance rates online.

What Impacts the Cost of Lexus IS 300 Insurance?

The Lexus IS 300 trim and model you choose can impact the total price you will pay for Lexus IS 300 car insurance coverage.

Age of the Vehicle

Older Lexus IS 300 models generally cost less to insure. For example, auto insurance rates for a 2018 Lexus IS 300 are $1,598, while 2016 Lexus IS 300 rates are $1,560, a difference of $38.

Model Year Comprehensive Collision Liability Total
2018 Lexus IS 300 $356 $686 $398 $1,598
2017 Lexus IS 300 $344 $668 $416 $1,586
2016 Lexus IS 300 $332 $640 $430 $1,560
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Driver Age

Driver age can have a significant effect on the cost of Lexus IS 300 car insurance. For example, a 20-year-old driver could pay around $163 more each month for their Lexus IS 300 car insurance than a 30-year-old driver.

Driver Location

Where you live can have a large impact on Lexus IS 300 insurance rates. For example, drivers in Jacksonville may pay $959 a year more than drivers in Indianapolis.

Your Driving Record

Your driving record can have an impact on your Lexus IS 300 auto insurance rates. Teens and drivers in their 20’s see the highest jump in their Lexus IS 300 car insurance with violations on their driving record.

Lexus IS 300 Crash Test Ratings

Good Lexus IS 300 crash test ratings mean the VW is safer, which could mean cheaper Lexus IS 300 car insurance rates.

Vehicle Tested Overall Frontal Side Rollover
2020 Lexus IS 300 4 DR RWD 5 stars 4 stars 5 stars 5 stars
2020 Lexus IS 300 4 DR AWD 5 stars 4 stars 5 stars 5 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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Lexus IS 300 Safety Features

The numerous safety features of the Lexus IS 300 help contribute to lower insurance rates. The 2020 Lexus IS 300 has the following safety features:

  • Electronic Stability Control (ESC)
  • ABS And Driveline Traction Control
  • Side Impact Beams
  • Dual Stage Driver And Passenger Seat-Mounted Side Airbags
  • Lexus Enform Safety Connect Emergency Sos
  • Lexus Safety System+
  • Lane Departure Alert (LDA) with Steering Assist Lane Keeping Assist
  • Lane Departure Alert (LDA) with Steering Assist Lane Departure Warning
  • Tire Specific Low Tire Pressure Warning
  • Dual Stage Driver And Passenger Front Airbags
  • Curtain 1st And 2nd Row Airbags
  • Airbag Occupancy Sensor
  • Driver And Passenger Knee Airbag and Rear Side-Impact Airbag
  • Rear Child Safety Locks
  • First Aid Kit
  • Outboard Front Lap And Shoulder Safety Belts -inc: Rear Center 3 Point, Height Adjusters and Pretensioners
  • Back-Up Camera

Lexus IS 300 Finance and Insurance Cost

If you are financing a Lexus IS 300, most lenders will require your carry higher Lexus IS 300 coverage options including comprehensive coverage, so be sure to shop around and compare Lexus IS 300 auto insurance quotes from the best auto insurance companies using our FREE tool below.

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Ways to Save on Lexus IS 300 Insurance

Save more on your Lexus IS 300 car insurance rates. Take a look at the following five strategies that will get you the best Lexus IS 300 auto insurance rates possible.

  • Take Public Transit Instead of Driving Your Lexus IS 300
  • Ask About Seasonal Insurance for Your Lexus IS 300
  • Consider Ride Sharing Services to Lower Your Lexus IS 300 Mileage
  • Pay Your Lexus IS 300 Insurance Upfront
  • Remove Young Drivers from Your Lexus IS 300 Insurance When They Move Out or Go to School

Top Lexus IS 300 Insurance Companies

Several top car insurance companies offer competitive rates for the Lexus IS 300 rates based on factors like discounts for safety features. Take a look at this list of top car insurance companies that are popular with Lexus IS 300 drivers organized by market share.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Compare Free Lexus IS 300 Insurance Quotes Online

You can start comparing quotes for Lexus IS 300 car insurance rates from some of the best car insurance companies by using our free online tool now.

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