Lexus GS 300 Insurance Rates

The average auto insurance rates for a Lexus GS 300 are $1,516 annually with full coverage. Comprehensive insurance costs approximately $376 each year, collision costs $688, and liability is estimated at $316. Liability-only coverage costs approximately $376 a year, with high-risk coverage costing $3,276 or more. Teenage 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:

These estimates include $500 policy deductibles, split liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all U.S. states and GS 300 models.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can make a big difference on the price of insurance. Rural locations are shown to have fewer collision claims than densely populated cities.

The graphic below illustrates how location impacts auto insurance prices.

The examples above demonstrate why all drivers should get quotes using their specific location and their own personal driving habits, instead of making a decision based on average rates.

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

Additional Rate Analysis

The chart below details estimated Lexus GS 300 insurance rates for additional coverage and risk scenarios.

• The best discount rate is $853
• Choosing higher $1,000 deductibles can save $242 annually
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,516
• Using low deductibles for comp and collision coverage costs an additional $470 annually
• Higher-risk drivers who are prone to accidents and violations could pay around $3,276 or more
• Policy cost with full coverage for a 16-year-old driver can cost $5,386 each year

View Chart as Image

Insurance rates for a Lexus GS 300 also range considerably based on the model year and trim level, your driving record, and physical damage deductibles and liability limits.

More mature drivers with no violations or accidents and high physical damage deductibles may pay as low as $1,400 annually on average, or $117 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they should be prepared to pay in the ballpark 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 may be forking out anywhere from $1,800 to $2,400 additional every year, depending on your age. Insurance for high-risk drivers ranges from 45% to 133% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can save as much as $720 annually, whereas increasing liability limits will push rates upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $285 more each year. View Rates by Deductible or Liability Limit

Your home state plays a big part in determining prices for Lexus GS 300 insurance prices. A good driver about age 40 could pay as low as $1,090 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $2,050 on average in New York, Michigan, and Florida.

View Chart as Image

Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to do a rate comparison from multiple companies. Each auto insurer uses a different method to calculate rates, and rates will be varied between companies.

How to Buy Cheap Lexus GS 300 Insurance

Finding cheaper rates on insurance for a Lexus GS 300 takes being a good driver, having good credit, not filing small claims, and qualifying for all possible discounts. Spend time shopping around at least once a year by obtaining price quotes from direct companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following list is a brief summary of the primary concepts that were touched on above.

• You may be able to save around $190 per year simply by quoting online in advance
• Drivers considered higher risk that tend to have accidents or serious violations may pay on average $1,760 more per year than a safer driver
• Increasing comprehensive and collision deductibles could save up to $700 each year
• Drivers age 16 to 20 are the costliest to insure, as much as $449 each month if they have full coverage