Cheapest 2015 Lexus ES 350 Insurance Rates in 2023
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UPDATED: May 23, 2022
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How much does a 2015 Lexus ES 350 cost to insure? The average 2015 Lexus ES 350 insurance rates are $114 per month or $1,368 annually. However, many variables will impact your 2015 Lexus ES 350 insurance costs, including your age, where you live, and your driving record.
Read through our comprehensive guide to learn how your Lexus insurance rates are calculated. We’ll also cover a few basics, like what is GAP insurance and should you buy it for your 2015 Lexus ES 350?
Ready to jump right in? Start comparing Lexus insurance costs immediately by entering your five-digit ZIP code into our FREE quote comparison tool above.
2015 Lexus ES 350 Insurance Rates
Overpriced Lexus ES 350 insurance can empty your bank account and make it impossible to make ends meet. Comparison shopping is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away. Because you have many options, it is hard for the average consumer to choose the cheapest provider.
It is always a good idea to do rate comparisons once or twice a year since rates are usually higher with each renewal. Even if you got the best deal on ES 350 coverage a couple years back a different company probably has better rates today. Starting now, forget anything you know (or think you know) about insurance because we’re going to show you the quickest way to lower your annual insurance bill.
The purpose of this article is to introduce you to the most effective way to quote insurance and some money-saving tips. If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these techniques. Drivers just need to understand the most effective way to get comparison rates over the internet.
Do you qualify for a discount?
Insuring your fleet can be pricey, buy you may qualify for discounts to cut the cost considerably. Most are applied when you get a quote, but some may not be applied and must be specially asked for before you will receive the discount. If you’re not getting every credit you qualify for, you are throwing money away.
- Anti-lock Brakes – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
- Lower Rates for Military – Having a deployed family member could mean lower rates.
- Low Mileage Discounts – Driving fewer miles could be rewarded with a substantially lower rate.
- Club Memberships – Participating in certain professional organizations is a good way to get lower rates on auto insurance on ES 350 coverage.
- Bundle and Save – When you combine your home and auto insurance with one company you could get a discount of at least 10% off all policies.
- Passive Restraints – Cars that have air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
Consumers should know that some of the credits will not apply to your bottom line cost. The majority will only reduce individual premiums such as liability, collision or medical payments. So despite the fact that it appears adding up those discounts means a free policy, it just doesn’t work that way. But any discount will cut your premiums.
To see a list of insurance companies offering auto insurance discounts, click here.
What coverages do I need?
When it comes to buying coverage, there isn’t really a one size fits all plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight whether your personal situation may require specific advice.
- Do I need higher collision deductibles?
- Is my state a no-fault state?
- Is motorclub coverage worth it?
- How much liability do I need to cover my assets?
- Does liability extend to a camper or trailer?
- Is my babysitter covered when using my vehicle?
- When would I need rental car insurance?
- Is a fancy paint job covered?
If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.
Don’t believe everything you hear
Drivers get pounded daily by advertisements for the lowest price auto insurance by companies like 21st Century, Allstate and State Farm. They all say the same thing that you can save if you change to them.
How can each company say the same thing? This is how they do it.
All companies are able to cherry pick for the driver that earns them a profit. A good example of a preferred risk could possibly be a mature driver, a clean driving record, and drives less than 7,500 miles a year. A propective insured who meets those qualifications receives the best rates and most likely will save when they switch companies.
Consumers who don’t qualify for the requirements will be charged more money which usually ends up with the customer not buying. Company advertisements say “drivers who switch” not “people who quote” save that much money. That is how companies can claim big savings.
That is why drivers must get a wide range of price quotes. Because you never know which car insurance company will provide you with the cheapest Lexus ES 350 insurance rates.
Insurance policy specifics
Knowing the specifics of your insurance policy aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages found on most insurance policies.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for expenses for prosthetic devices, dental work, X-ray expenses, rehabilitation expenses and surgery. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as hail damage, theft, damage from a tornado or hurricane and vandalism. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Lexus ES 350.
Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Normally these coverages do not exceed the liability coverage limits.
Auto liability insurance – Liability insurance protects you from damage that occurs to other’s property or people that is your fault. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers things like attorney fees, loss of income and funeral expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.
Collision – Collision coverage covers damage to your ES 350 resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as sideswiping another vehicle, driving through your garage door, colliding with a tree and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.
Shop. Compare. Save.
Cost effective 2015 Lexus ES 350 insurance is definitely available both online in addition to many insurance agents, and you need to price shop both to have the best selection. A few companies do not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.
When buying insurance coverage, it’s very important that you do not buy poor coverage just to save money. In many cases, an insured dropped comprehensive coverage or liability limits and learned later that it was a big error on their part. The ultimate goal is to buy a smart amount of coverage at the best price while not skimping on critical coverages.
More tips and info about insurance coverage can be read in these articles:
- Parking Tips to Reduce Door Dings (State Farm)
- What is Full Coverage? (Allstate)
- Think You’re a Safe Driver? (State Farm)
- Child Safety FAQ (iihs.org)
- How Much Auto Coverage do I Need? (Insurance Information Insitute)
Is a Lexus more expensive to insure than other luxury vehicle brands? As you’ve learned from the information above, while companies do calculate your insurance rates by car model, other factors impact your total premiums as well. For example, your driving record, age, and the state you live in can cause your rates to increase or decrease substantially.
How much does a 2015 Lexus ES 350 cost? In good condition, this vehicle can still cost over $20,000. If you need to lease or finance your Lexus ES 350, you may be required to purchase guaranteed asset protection, otherwise known as GAP insurance, to cover what you still owe on your loan in the event your vehicle gets totaled.
There are so many variables used to calculate rates, and each company uses slightly different methods. Therefore, the average insurance cost for a Lexus ES 350 can vary from person to person. To ensure you’re getting the most affordable prices, compare quotes from multiple companies. You can easily start your search by entering your ZIP code into our FREE quote tool below.
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What are the safety ratings for the 2015 Lexus ES 350?
Understanding the 2015 Lexus ES 350 safety ratings can help you see what car insurance discounts you might qualify for. Check out the safety ratings below.
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
A rating of ‘Good’ is the highest possible score given by the Insurance Institute for Highway Safety. These great safety ratings will reflect positively on your insurance premiums.
But is the Lexus ES 350 expensive to maintain? If maintenance costs are substantially higher than average for a vehicle, it can cause your insurance rates to skyrocket because it will cost the insurance company more money if you need to file a claim.
Fortunately, for a luxury vehicle, the Lexus ES 350 is surprisingly affordable to repair. That will certainly help to keep your annual premiums on the more affordable side.
2015 Lexus ES 350 Compared Against other Vehicles in the Same Class
Comparing the 2015 Lexus ES 350 to similar vehicles can help you save money, especially if the 2015 Lexus ES 350 has a better loss ratio than other cars in the same class.
Officially, the Insurance Institute for Highway Safety classifies it as a midsize luxury car.
Take a look at other comparable midsize luxury cars in the list below:
Unfortunately, this vehicle has substantially worse than average comprehensive loss ratios at 37 percent and worse than average collision loss ratios at 30 percent.
However, the bad numbers are evened out by a few positive ones. The Lexus ES 350 has better than average property damage and bodily injury loss ratios, both at -23 percent. For the most part, you will not experience rate hikes from these results.
You are now an expert on all there is to know about the 2015 Lexus EX 350 insurance costs. Is the 2015 Lexus ES 350 a good car for you? If so, make sure you’re also getting the best rates for your car insurance.
Simply enter your five-digit ZIP code into our FREE quote comparison tool to find affordable 2015 Lexus ES 350 insurance rates.
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