Lexus NX 300 Insurance Rates

The average insurance rates for a Lexus NX 300 are $1,410 a year for full coverage insurance. Comprehensive costs an estimated $280, collision costs $516, and liability is estimated at $456. Liability-only insurance costs approximately $508 a year, with high-risk driver insurance costing around $3,064. 16-year-old drivers cost the most to insure at $5,346 a year or more.

Average premium for full coverage: $1,410

Policy rates broken down by type of insurance:

Full coverage includes $500 physical damage insurance deductibles, minimum liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 states and for different NX 300 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can make a big difference on the price of insurance. More rural locations are shown to have a lower frequency of physical damage claims than congested cities.

The price range example below illustrates how location impacts insurance prices.

The examples above illustrate why anyone shopping for car insurance should get quotes for a targeted area and risk profile, instead of making a decision based on rate averages.

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

Detailed Rate Analysis

The chart below illustrates estimated Lexus NX 300 insurance rates for other coverage scenarios.

• The best full coverage rate is $810
• Choosing higher $1,000 deductibles can save approximately $180 each year
• The average rate for a good driver age 40 who has $500 deductibles is $1,410
• Buying more expensive low deductibles for comp and collision coverage will increase the cost to $1,764
• Higher-risk drivers with multiple tickets or accidents could pay up to $3,064 or more
• Policy cost for full coverage for a 16-year-old driver with full coverage can cost as much as $5,346 each year

View Chart as Image

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

An older driver with a good driving record and high deductibles may pay as low as $1,300 annually on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers will have to pay at least $5,300 a year. View Rates by Age

Your home state plays a big part in determining prices for Lexus NX 300 insurance prices. A good driver about age 40 could pay as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,910 on average in Florida, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can save as much as $540 annually, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $411 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying $1,700 to $2,300 in extra premium every year, depending on your age. High-risk driver insurance ranges from 43% to 134% more than the average rate. View High Risk Driver Rates

Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to compare rates from multiple companies. Each auto insurer utilizes a different rate formula, and quoted rates will be varied from one company to the next.

How to Find More Affordable Lexus NX 300 Insurance

Finding cheaper rates on insurance for a Lexus NX 300 takes being a low-risk driver, having good credit, being claim-free, and qualifying for all possible discounts. Spend time shopping around every couple of years by requesting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The items below are a summary of the material that was touched on above.

• Insureds who want more liability coverage will pay around $500 annually to raise limits from a 30/60 limit to 250/500 limits
• Teen drivers are the costliest to insure, possibly costing $446 each month if they have full coverage
• Drivers considered higher risk who have multiple accidents or major violations pay on average $1,650 more annually to insure their NX 300
• Increasing comprehensive and collision deductibles can save around $525 each year