Lexus IS 300 Insurance Rates

The average insurance prices for a Lexus IS 300 are $1,380 every 12 months including full coverage. Comprehensive insurance costs on average $278, collision insurance costs $484, and liability insurance is estimated at $460. Liability-only coverage costs approximately $510 a year, and high-risk coverage costs $2,992 or more. 16-year-old drivers cost the most to insure at up to $5,240 a year.

Average premium for full coverage: $1,380

Policy rates by type of insurance:

Rates are based on $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all IS 300 models.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on car insurance rates. Rural areas are shown to have more infrequent comprehensive and collision claims than congested cities. The example below illustrates how rural and urban location affects car insurance rates.

The examples above highlight why everyone should get quotes based on a specific location and their own driving history, rather than relying on rate averages.

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

Detailed Rate Analysis

The chart below breaks down average Lexus IS 300 insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $799
• Choosing higher $1,000 deductibles can save around $172 every year
• The average price for a good driver age 40 with $500 deductibles is $1,380
• Buying pricier low deductibles for comp and collision coverage costs an extra $338 a year
• High-risk insureds with multiple tickets or accidents could pay upwards of $2,992
• Policy cost to insure a teen driver for full coverage may cost $5,240 each year

View Chart as Image

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

Opting for high physical damage deductibles can save as much as $510 each year, whereas buying more liability protection will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles could pay as little as $1,300 annually on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared to pay upwards of $5,200 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying at a minimum $1,600 to $2,300 additional every year, depending on your age. Lexus IS 300 insurance for high-risk drivers ranges anywhere from 44% to 129% more than the average rate. View High Risk Driver Rates

Your home state plays a big part in determining prices for Lexus IS 300 insurance rates. A good driver about age 40 could pay as low as $1,060 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,970 on average in Michigan, New York, and Louisiana.

View Chart as Image

How to Shop for the Best Cheap Lexus IS 300 Insurance

Finding cheaper rates on Lexus IS 300 insurance takes avoiding accidents and violations, having above-average credit, paying for small claims out-of-pocket, and dropping full coverage on older vehicles. Set aside time to shop around every time your policy renews by getting quotes from direct car insurance companies, and also from your local independent and exclusive agents.

The list below is a quick review of the information raised in the charts and tables above.

• You may be able to save as much as $170 per year just by quoting online well ahead of the renewal date
• Teenagers pay higher rates, with premiums being up to $437 each month if full coverage is included
• Increasing comprehensive and collision deductibles could save as much as $500 each year
• High-risk drivers with a DUI or reckless driving violation may pay on average $1,610 more each year for car insurance
• Drivers who require higher liability limits will pay around $510 per year to raise limits from a 30/60 limit to a 250/500 level