Lexus GS-300 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 1, 2023

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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 shopping for insurance coverage for your Lexus GS-300. You can either contact your neighborhood insurance agent or get quotes online to compare insurance costs of car insurance companies. Shopping for car insurance from online rate quotes saves time, is easy to do and there is a good chance you will probably save money.

Comparing car insurance rates direct online can be a challenge if you are a beginner to online quoting. But don't let that discourage you because there is an easy way to compare rates. To find the best car insurance prices, there are several ways of comparing rates from different insurance companies. The best method to find the cheapest Lexus GS-300 insurance cost consists of shopping online. This can be accomplished by getting a quick quote here.

Insurance rates for a Lexus GS-300 can fluctuate considerably and are calculated by many factors. Some of these factors include:

  • High performance increases premiums
  • Accidents raise premiums
  • Whether you insure your home with the same company
  • Use of your vehicle
  • Extra coverages like towing and rental
  • Your profession
  • The level of coverage
  • Whether you own your home

One last important factor that will help determine the rate you pay on your Lexus GS-300 is the year of manufacture. Older cars and trucks cost less so repair costs tend to be lower which may end up costing you less. Conversely, newer vehicles may have options such as a collision avoidance system, forward-collision avoidance, and active head restraints which may help offset higher rates.

Liability insurance - This can cover damage that occurs to other people or property by causing an accident. Liability can pay for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so purchase as high a limit as you can afford.

Collision coverage - Collision coverage covers damage to your GS-300 caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company. Lexus GS-300 collision insurance is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive protection - Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The most you'll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Medical expense coverage - Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like nursing services, prosthetic devices, and dental work. They can be used to fill the gap from your health insurance program or if you do not have health coverage. PIP coverage is not an option in every state and may carry a deductible.

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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