Lexus GS-300 Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Feb 7, 2020

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How much does insurance cost for a Lexus GS 300? Average Lexus GS 300 insurance rates are $123 per month or $1,474 annually. Many factors are used to help calculate your Lexus GS insurance costs. 

For example, the 2000 Lexus GS 300 price for insurance will be lower than the 2003 Lexus GS 300, which will also be lower than a 2007 Lexus GS 350 insurance cost.  

Read our comprehensive guide to better understand how the Lexus GS insurance costs are calculated, and how you can secure cheap car insurance rates.  

Immediately find savings for your Lexus G 300 insurance by entering your ZIP code into our FREE quote comparison tool. You’ll get affordable car insurance quotes from top auto insurance companies.

There are many options when buying insurance for your Lexus GS-300. You can buy from an agent or shop online to compare rates from multiple companies. online is easy and there is a good chance you can save money.

shopping for insurance may think buying cheap Lexus GS-300 insurance is very challenging. Finding lower Lexus GS-300 insurance cost is not rocket science. You just have to spend a little time getting comparison quotes from different insurance companies. by comparing rates here.

Car insurance premiums for a Lexus GS-300 will vary greatly based upon several criteria. Some of these factors include:

  • The performance level of your GS-300
  • Your accident history
  • Use of your vehicle
  • Extra coverages like towing and rental
  • Your claim history
  • No coverage lapses saves money
  • Whether you own your home

An additional factor Lexus GS-300 insurance rates is the year of the vehicle. Newer models than older models so repair costs are higher which will push premiums up. Conversely, newer models may have safety features such as adaptive cruise control, blind-spot warning system, autonomous braking, and anti-lock brakes so those may lower rates.

Liability coverage - Liability insurance protects you from damage that occurs to other people or property Liability insurance covers things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Liability insurance is relatively cheap so you should buy as much as you can afford.

Collision coverage - pays for damage to your GS-300 caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder. Lexus GS-300 collision insurance is rather expensive coverage, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Comprehensive coverage - Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum amount you'll receive from a claim is the actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they do not carry enough liability coverage. only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage .

Medical payments coverage and PIP - Med pay and PIP coverage provide coverage for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. PIP is not available in all states and gives slightly broader coverage than med pay.

We’ve talked all about Lexus car insurance costs. It’s time to score better than average insurance for the Lexus GS 350 by using our FREE quote comparison tool below.

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What are the safety ratings for the Lexus GS 300?

The cheapest Lexus to insure will be safe and reliable. Therefore, looking at the Lexus GS 300 safety ratings is a great way to find out what discounts you qualify for, and what may be costing you more money.

Check out the safety ratings below.

  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good

The rating of Good is the highest possible score given by the Insurance Institute for Highway Safety. You’ll see some savings on car insurance for your Lexus GS 300 thanks to these stellar safety ratings. 

For those wondering is Lexus discontinuing the GS, the answer is yes. After 2020, the model will no longer be updated. Remember, when answering the question of how much does insurance cost for a Lexus, insurance companies also factor in the cost of maintenance. 

Because this is a luxury line of vehicles that is soon to be discontinued, expect your rates to slightly increase.

Lexus GS 300 Compared Against other Vehicles in the Same Class

Officially, the Insurance Institute for Highway Safety classifies the Lexus GS 300 as a large luxury vehicle.

Comparing the Lexus GS 300 to similar vehicles can help you save money, especially if the Lexus GS 300 has a better loss ratio than other midsize sedans. 

Asking simply are Nissans more expensive to insure than Lexus’s can be misleading because each company features so many different car-types. Similarly, asking is insurance expensive on a Chrysler 300 compared to this Lexus model is also misleading because they are not in the same vehicle class. 

You’ll run into the same issue if you compare Lexus GS F insurance rates to Lexus ES insurance costs. Insurance cost for a Lexus RX 350 will also be different because it is a midsize SUV, not a large luxury four-door sedan like the GS 300.

Check out actually comparable vehicles below.

This car type has substantially worse than average collision and comprehensive insurance loss ratios at 235 percent and 156 percent respectively. As a result, you’ll definitely see some rate increases. 

When it comes to Lexus vs Toyota insurance costs, remember that Lexus is a luxury line. Oppositely, Toyota’s generic line is focused on economy vehicles. 

Is a Lexus more expensive to insure than other luxury brands? Fortunately, not always. You can secure competitive rates for this type of car.

Keep in mind that the Lexus GS 350 maintenance cost will likely be expensive, but only you can say which is better, the Lexus IS or GS.

It’s time to stop asking is insurance higher on a Lexus and start comparison shopping for affordable rates. Enter your five-digit ZIP code into our FREE quote comparison tool to get the best Lexus GS 300 insurance rates.

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