Lexus IS 300 Insurance Rates

The average insurance rates for a Lexus IS 300 are $1,444 a year for full coverage. Comprehensive costs an estimated $290, collision insurance costs $540, and liability coverage is $456. Buying just liability costs around $508 a year, and insurance for high-risk drivers costs around $3,138. Teenage drivers cost the most to insure at up to $5,454 a year.

Average premium for full coverage: $1,444

Policy rates broken down by type of insurance:

Estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all states and for different IS 300 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on insurance rates. More rural locations are shown to have a lower frequency of accident claims than densely populated cities. The price range example below illustrates the difference between rural and urban areas on insurance prices.

The examples above show why anyone shopping for car insurance should compare rates quotes for a targeted area and risk profile, rather than using average rates.

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

Additional Rate Analysis

The chart below shows average Lexus IS 300 insurance rates for other coverage scenarios.

• The best discount rate is $827
• Raising to $1,000 deductibles will save approximately $188 a year
• The average rate for a good driver age 40 who has $500 deductibles is $1,444
• Using more expensive low deductibles will increase the cost to $1,812
• Unlucky drivers who are prone to accidents and violations could pay up to $3,138
• Policy cost for full coverage for a teenage driver with full coverage can cost as much as $5,454

View Chart as Image

Insurance rates for a Lexus IS 300 also range considerably based on your risk profile, the trim level of your IS 300, and liability limits and deductibles.

An older driver with a clean driving record and high deductibles may only pay around $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay at least $5,400 a year. View Rates by Age

Your home state also has a big influence on Lexus IS 300 insurance rates. A middle-age driver might find rates as low as $950 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,060 on average in New York, Louisiana, and Michigan.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $560 a year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $411 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying $1,700 to $2,400 extra every year, depending on your age. High-risk driver insurance is expensive and can cost around 44% to 131% more than a normal policy. View High Risk Driver Rates

How to Find Low Cost Lexus IS 300 Insurance

Finding cheaper rates on auto insurance consists of having a decent driving record, maintaining good credit, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Set aside time to compare rates once a year by getting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following items are a review of the data that was covered above.

• Drivers can save approximately $180 per year just by shopping early and online
• Consumers who want additional liability coverage will pay an extra $500 each year to raise from a 30/60 limit to 250/500 limits
• 16 to 18-year-old drivers are charged the highest rates, costing up to $455 each month for full coverage
• Drivers who have several accidents or serious violations pay an average of $1,690 more annually than a driver with a clean driving record