Lexus IS 300 Insurance Rates

The average insurance rates for a Lexus IS 300 are $1,380 a year for full coverage insurance. Comprehensive costs around $278, collision insurance costs $484, and liability coverage is $460. Buying just liability costs around $510 a year, and insurance for high-risk drivers costs around $2,992. Teens cost the most to insure at up to $5,240 a year.

Average premium for full coverage: $1,380

Policy rates for type of insurance:

Full coverage includes $500 deductible amounts, bodily injury liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 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 car insurance rates. Areas with sparse population are shown to have a lower frequency of physical damage claims than cities with more traffic congestion. The price range example below illustrates how location impacts auto insurance rates.

The examples above illustrate why anyone shopping for car insurance should compare rates quotes for a specific zip code and risk profile, rather than using averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $799
• Raising to $1,000 deductibles will save about $172 each year
• The average rate for a good driver age 40 using $500 deductibles is $1,380
• Selecting more expensive low deductibles will increase the cost to $1,718
• Unlucky drivers with serious driving violations could pay at least $2,992
• Policy cost for full coverage for a teenage driver with full coverage can be $5,240

View Chart as Image

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

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 as much as $5,200 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 $900 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,870 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $510 a year, while increasing your policy's liability limits will increase rates. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $414 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 are probably paying at least $1,600 to $2,300 extra every year, depending on your age. High-risk driver insurance is expensive and can cost around 44% to 129% more than the average policy. View High Risk Driver Rates

How to Find More Affordable Lexus IS 300 Insurance

Finding cheaper rates on auto insurance consists of having a good driving record, maintaining good credit, being claim-free, and dropping full coverage on older vehicles. Spend time shopping around every other policy renewal by requesting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The next list is a summary of the ideas that were touched on above.

• Drivers age 20 and younger pay higher rates, possibly costing $437 each month for full coverage
• Drivers who have multiple accidents or major violations may pay on average $1,610 more every year to buy Lexus IS 300 insurance
• Increasing comprehensive and collision deductibles can save around $500 each year
• It is possible to save up to $170 per year just by shopping early and online