How Much Does 2017 Lexus IS 300 Car Insurance Cost in 2024?

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 9, 2024

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Looking for cheaper car insurance rates for your Lexus IS 300? I can’t think of a single person who gets a kick out of paying for car insurance, especially when they are aware that their premiums are too high. Due to the abundance of car insurance companies to choose from, it’s difficult to pick the right car insurance provider.

The best way to compare car insurance company rates utilizes the fact most of the bigger providers provide online access to give free rates quotes. The only thing you need to do is give the companies some data including your credit rating estimate, types of safety features, if you lease or own, and driver ages. That rating information is instantly submitted to many highly-rated insurers and they return rate quotes almost instantly.

Are you getting every discount?

Auto insurance companies don’t list the entire discount list in an easy-to-find place, so the following is a list of some of the more common and the harder-to-find discounts that you may qualify for.

  • Discounts for New Vehicles – Buying insurance coverage on a new vehicle can save up to 30% since newer models have better safety ratings.
  • Low Mileage Discounts – Keeping the miles down on your Lexus can earn lower auto insurance rates on the low mileage vehicles.
  • Federal Government Employee – Having worked for a branch of the government could cut as much as 10% off on IS 300 coverage but check with your company.
  • Onboard Data Collection – Drivers who elect to allow their insurance company to spy on where and when they drive by using a telematic data system such as Allstate’s Drivewise and State Farm’s In-Drive system might get better premium rates if they exhibit good driving behavior.
  • ABS Braking Discount – Vehicles that have anti-lock braking systems prevent accidents so companies give up to a 10% discount.
  • Accident Forgiveness – but certain companies will allow you to have one accident before raising your premiums if you are claim-free for a specific time period.
  • Drivers Ed for Students – Teen drivers should take driver’s ed class if it’s offered in school.
  • Theft Deterrent System – Cars with anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
  • Pay Early and Save – If you pay your entire premium ahead of time rather than spreading payments over time you can avoid monthly service charges.
  • Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better premium rates if you take out a life insurance policy as well.

Keep in mind that most of the big mark downs will not be given to all coverage premiums. Most only cut individual premiums such as liability and collision coverage. Even though it appears you can get free auto insurance, you won’t be that lucky.

To locate providers that offer the discounts shown above, enter your zip code here.

When in doubt talk to an agent

When buying the best insurance coverage coverage for your personal vehicles, there is no cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions might help in determining whether you could use an agent’s help.

  • If I drive on a suspended license am I covered?
  • Am I covered when driving in Canada or Mexico?
  • How does medical payments coverage work?
  • Are rental cars covered under my policy?
  • Does my personal policy cover me when driving out-of-state?
  • When should I buy a commercial auto policy?
  • How high should deductibles be on a 2017 Lexus IS 300?
  • Am I covered when using my vehicle for business?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and enter your zip code. It only takes a few minutes and can help protect your family.

How insurance providers calculate Lexus IS 300 insurance prices

Many factors are used when pricing auto insurance. Most are fairly basic like an MVR report, but others are not quite as obvious such as your marital status and annual miles driven.

The itemized list below are some of the items insurance companies consider when setting prices.

  • Does auto insurance cost less for women? – Statistics show women tend to be less risk to insure than men. Now that doesn’t mean females are better at driving than males. Women and men are in at-fault accidents at about the same rate, but the male of the species tend to have higher claims. Men also receive more major tickets such as reckless driving.
  • Increase physical damage deductibles and save – Physical damage insurance, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Lexus. A few examples of covered claims are running into the backend of another car, flood damage, and windstorm damage. Comp and collision deductibles tell how much you are required to spend out-of-pocket if a covered claim is submitted. The larger the amount the insured is willing to pay, the less money you will pay for insurance on IS 300 coverage.
  • Where you reside is a factor – Being located in less populated areas of the country may provide you with better prices when it comes to insurance. Drivers who live in large cities tend to have traffic congestion and more time behind the wheel. Fewer drivers on the road means reduced accidents as well as less vandalism and auto theft.
  • Lower premiums for vehicles with better crash test results – Safe vehicles can get you lower premiums. Vehicles built for safety help reduce the chance of injuries in an accident and lower rates of occupant injuries means less claims paid and cheaper rates on your policy. If the Lexus IS 300 scored better than four stars on it may cost less to insure.
  • Remove unneeded add-on coverages – Insurance companies have many add-on coverages that may not really be needed on your IS 300 policy. Things like personal injury protection, death and dismemberment, and motor club memberships may be wasting your money. They may sound like good ideas when discussing your needs, but if they’re wasting money consider taking them off your policy.

But they said I’d save $389 a year!

Drivers constantly see and hear ads that claim the lowest auto insurance rates from the likes of Progressive, GEICO, Allstate and State Farm. All the companies make the point about saving some big amount just by switching to them.

How do they all give you a better price?

Insurance providers have specific guidelines for a prospective insured they prefer to insure. For instance, this type of risk profile should be between the ages of 40 and 55, owns their home, and drives a lower-performance vehicle. Any person who fits those characteristics will probably get the lowest auto insurance rates and have a good chance to save a lot if they switch.

Drivers who may not quite match these criteria will get more expensive rates with the end result being the customer not purchasing. Company advertisements say “customers that switch” not “all people who quote” save money. This is how insurance companies can state the savings. This emphasizes why it is so important to compare many company’s rates. Because without a comparison, you cannot know which insurance companies will provide the lowest prices.

Insurance coverage basics

Understanding the coverages of a insurance policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. These are typical coverages found on the average insurance policy.

Comprehensive coverages

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like a broken windshield, falling objects and hitting a deer. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.


Liability coverage protects you from damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged property.

Liability can pay for claims like repair costs for stationary objects, structural damage and court costs. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Collision coverage

This covers damage to your IS 300 caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like damaging your car on a curb, scraping a guard rail and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your Lexus IS 300.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like nursing services, dental work and ambulance fees. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Be a penny pincher

In this article, we presented a lot of techniques to compare 2017 Lexus IS 300 insurance car insurance rates online. It’s most important to understand that the more times you quote, the better your comparison will be. Consumers could even find that the lowest car insurance rates come from a small local company. Smaller companies often have lower premium rates on specific markets than their larger competitors like Progressive and GEICO.

When you buy insurance coverage online, do not skimp on coverage in order to save money. In many cases, an accident victim reduced liability coverage limits and discovered at claim time that the few dollars in savings costed them thousands. Your focus should be to buy enough coverage at the lowest possible cost, but do not skimp to save money.

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