Lexus GS 300 Insurance Rates

The average auto insurance rates for a Lexus GS 300 are $1,516 annually for full coverage insurance. Comprehensive insurance costs on average $376 a year, collision costs $688, and liability coverage costs around $316. A liability-only policy costs as low as $376 a year, with high-risk insurance costing $3,276 or more. 16-year-old drivers cost the most to insure at $5,386 a year or more.

Average premium for full coverage: $1,516

Policy rates by type of insurance:

Estimates include $500 physical damage deductibles, split liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and GS 300 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on insurance rates. Rural areas are shown to have fewer physical damage claims than congested cities.

The diagram below illustrates the effect of geographic area on car insurance rates.

The examples above illustrate why it is important to compare prices based on a specific location and their own personal driving habits, rather than using rate averages.

Use the form below to get customized rates for your location.

More Rate Information

The chart below illustrates estimated Lexus GS 300 insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $853
• Using higher $1,000 deductibles will save around $1,274 each year
• The estimated rate for a good driver age 40 with $500 deductibles is $1,516
• Buying low $100 deductibles for physical damage coverage costs an additional $470 each year
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $3,276 or more
• Policy cost with full coverage for a teenage driver may cost $5,386 or more

View Chart as Image

Car insurance rates for a Lexus GS 300 also range considerably based on the model year and trim level, your risk profile, and policy deductibles and limits.

Older drivers with no driving violations and high physical damage deductibles may only pay around $1,400 a year, or $117 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they will be charged upwards of $5,300 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are probably paying at a minimum $1,800 to $2,400 extra every year, depending on your age. A high-risk auto insurance policy can be around 45% to 133% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut rates by as much as $720 a year, while buying higher liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $285 extra every 12 months. View Rates by Deductible or Liability Limit

Your home state has a huge impact on Lexus GS 300 insurance rates. A driver around age 40 might see rates as low as $990 a year in states like Vermont, Wisconsin, and North Carolina, or at least $2,050 on average in Michigan, New York, and Florida.

View Chart as Image

Because rates have so much variability, the only way to figure out exactly what you will pay is to get quotes and see how they stack up. Each insurance company utilizes a different rate formula, so rate quotes will be varied between companies.

How to Buy Low Cost Lexus GS 300 Insurance

Finding cheaper rates on auto insurance requires being a safe and courteous driver, having a good credit score, being claim-free, and maximizing policy discounts. Take the time to compare rates at least once a year by requesting rates from direct insurance companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

Below is a review of the primary concepts that were covered in the above illustrations.

• It is possible to save as much as $190 per year simply by quoting early and online
• Drivers who have several accidents or serious violations may pay on average $1,760 more each year for auto insurance
• Increasing comprehensive and collision deductibles could save up to $700 each year
• Teenage drivers are expensive to insure, possibly costing $449 each month if comprehensive and collision insurance is included