Lexus IS 300 Insurance Rates

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

Average premium for full coverage: $1,444

Policy rates for type of insurance:

Full coverage includes $500 deductibles, 30/60 liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 states and IS 300 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can make a big difference on car insurance rates. Areas with sparse population are shown to have lower incidents of physical damage claims than densely populated cities.

The diagram below illustrates how where you live affects auto insurance rates.

The examples above illustrate why it is important to get quotes for a specific zip code, instead of making a decision based on average rates.

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

Detailed Rate Analysis

The chart below illustrates estimated Lexus IS 300 insurance rates for additional coverage choices and driver risks.

• The best discount rate is $827
• Choosing higher $1,000 deductibles can save about $1,256 each year
• The estimated price for a good driver age 40 using $500 deductibles is $1,444
• Using low $100 deductibles for comp and collision coverage will cost an additional $368 annually
• Higher-risk drivers who are prone to accidents and violations could pay at least $3,138 or more
• Policy cost that insures a 16-year-old driver can be $5,454 each year

View Chart as Image

Insurance rates for a Lexus IS 300 also range considerably based on the trim level of your IS 300, your age and driving record, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are probably paying at least $1,700 to $2,400 extra every year, depending on your age. A high-risk auto insurance policy ranges from 44% to 131% more than a normal policy. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,300 annually on average, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay as much as $5,400 a year. View Rates by Age

Your home state plays a big part in determining prices for Lexus IS 300 insurance prices. A good driver about age 40 could pay as low as $950 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,950 on average in Michigan, New York, and Florida.

View Chart as Image

Using high physical damage deductibles can save as much as $560 annually, while buying higher liability limits will increase rates. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $411 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to figure out your exact price is to get quotes from multiple companies. Each auto insurer uses a different method to calculate rates, so the rates will be varied.

How to Find More Affordable Lexus IS 300 Insurance

Finding cheaper rates on insurance for a Lexus IS 300 takes not taking risks behind the wheel, having above-average credit, being claim-free, and insuring your home and auto with the same company. Compare prices at every policy renewal by getting rate quotes from direct insurance companies, and also from insurance agencies where you live.

The following is a summary of the data touched on in the above illustrations.

• Insureds who may need higher liability limits will pay an extra $500 annually to raise limits from a 30/60 limit to the 250/500 level
• It is possible to save up to $180 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles can save approximately $550 each year
• Teens pay higher rates, possibly costing $455 each month if full coverage is included