Lexus GS 300 Insurance Rates

Estimated insurance prices for a Lexus GS 300 are $1,360 every 12 months for full coverage insurance. Comprehensive insurance costs approximately $292 each year, collision insurance costs $548, and liability is $384. Liability-only insurance costs around $432 a year, and high-risk driver insurance costs $2,954 or more. Teens pay the most at up to $5,034 a year.

Average premium for full coverage: $1,360

Premium estimates by type of coverage:

Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates include averaging for all 50 states and GS 300 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can make a big difference on the price of auto insurance. Rural locations are statistically proven to have more infrequent physical damage claims than cities with more traffic congestion. The graphic below illustrates the effect of location on auto insurance prices.

These rate differences illustrate why all drivers should compare rates quotes using their specific location and their own driving history, instead of making a decision based on averaged prices.

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

Insurance Rate Analysis

The chart below illustrates average Lexus GS 300 insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $772
• Raising to $1,000 deductibles will save $190 each year
• The average price for a 40-year-old good driver who chooses $500 deductibles is $1,360
• Selecting low deductibles costs an extra $372 annually
• Drivers with serious driving violations could pay around $2,954
• An auto insurance policy to insure a 16-year-old driver can cost $5,034

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Insurance prices for a Lexus GS 300 also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the model of your GS 300.

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $570 annually, whereas increasing liability limits will push prices upward. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $345 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles may pay as low as $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers should be prepared to pay in the ballpark of $5,000 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying anywhere from $1,600 to $2,200 additional annually, depending on your age. Insurance for high-risk drivers is expensive and can cost from 44% to 131% more than the average policy. View High Risk Driver Rates

Where you choose to live also has a big influence on Lexus GS 300 insurance prices. A middle-age driver might find prices as low as $890 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,830 on average in Florida, New York, and Michigan.

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How to Shop for Cheaper Lexus GS 300 Insurance

Finding better rates on insurance for a Lexus GS 300 consists of being a safe driver, having above-average credit, paying for small claims out-of-pocket, and consideration of higher deductibles. Take the time to shop around at least every two years by obtaining price quotes from direct insurance companies, and also from local insurance agencies.

Here is a summary of the information that was covered in this article.

• Increasing policy deductibles could save as much as $550 each year
• It is possible to save around $170 per year just by quoting online in advance
• Insureds who purchase more liability insurance will pay approximately $420 annually to raise from 30/60 bodily injury limits to a 250/500 level
• Young drivers are the costliest to insure, with premiums being up to $420 per month if full coverage is included
• Drivers considered higher risk that have multiple accidents or serious violations may have to pay on average $1,590 more per year for insurance