Lexus IS 300 Insurance Rates

The average insurance rates for a Lexus IS 300 are $1,380 a year with full coverage. Comprehensive insurance costs an estimated $278, collision costs $484, and liability insurance costs $460. A liability-only policy costs as little as $510 a year, with high-risk insurance costing $2,992 or more. Teens cost the most to insure at $5,240 a year or more.

Average premium for full coverage: $1,380

Policy rates broken down by type of insurance:

Full coverage includes $500 physical damage deductibles, bodily injury liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and for different IS 300 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on car insurance rates. More rural locations are shown to have lower incidents of collision claims than cities with more traffic congestion.

The price range example below illustrates the difference location can make on insurance prices.

The examples above demonstrate why anyone shopping for car insurance should compare rates for a targeted area, rather than relying on averaged prices.

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

Rate Comparisons

The chart below details estimated Lexus IS 300 insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $799
• Drivers who choose higher $1,000 deductibles will pay approximately $172 annually
• The estimated price for a good driver age 40 who has $500 deductibles is $1,380
• Selecting more expensive low deductibles for comprehensive and collision insurance will cost an additional $338 a year
• High risk drivers with serious driving violations could pay up to $2,992 or more
• Policy cost that insures a teen driver with full coverage can cost as much as $5,240 a year

View Chart as Image

Car insurance rates for a Lexus IS 300 also range considerably based on the model year and trim level, your age and driving habits, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you may be forking out $1,600 to $2,300 extra every year, depending on your age. High-risk driver insurance can cost anywhere from 44% to 129% more than the average policy. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles could pay as little as $1,300 per year on average, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will be charged at least $5,200 a year. View Rates by Age

Your home state makes a big difference in Lexus IS 300 insurance rates. A 40-year-old driver could pay as low as $1,000 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,870 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could save up to $510 each year, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to find out which auto insurance is cheapest is to compare rates from as many companies as possible. Every company calculates rates differently, so rate quotes will be varied.

How to Find More Affordable Lexus IS 300 Insurance

Finding cheaper rates on Lexus IS 300 insurance not only requires being a safe and courteous driver, but also having a positive credit history, not filing small claims, and not having any coverage lapses. Compare rates every other policy renewal by getting rate quotes from direct companies, and also from insurance agencies where you live.

Below is a summary of the ideas that were touched on in this article.

• Teenage drivers have the highest car insurance rates, as much as $437 each month if full coverage is purchased
• High-risk drivers who have multiple accidents or major violations could be forced to pay on average $1,610 more annually for auto insurance
• Increasing comprehensive and collision deductibles can save approximately $500 each year
• You may be able to save approximately $170 per year simply by shopping early and online