Lexus IS 300 Insurance Rates

Estimated insurance prices for a Lexus IS 300 are $1,380 every 12 months for full coverage insurance. Comprehensive costs around $278, collision costs $484, and liability coverage is estimated at $460. A liability-only policy costs approximately $510 a year, with high-risk insurance costing around $2,992. Teenage drivers pay the most at $5,240 a year or more.

Average premium for full coverage: $1,380

Premium estimates for type of coverage:

Price estimates include $500 comprehensive and collision deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 states and for all IS 300 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on car insurance rates. Areas with sparse population are statistically proven to have more infrequent physical damage claims than densely populated cities.

The example below illustrates the difference location can make on auto insurance rates.

These rate differences illustrate why everyone should get quotes for a specific zip code and their own driving history, rather than using average rates.

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

Additional Rate Analysis

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

• The best discount rate is $799
• Choosing higher $1,000 deductibles can save about $172 each year
• The average price for a 40-year-old good driver using $500 deductibles is $1,380
• Using pricier low deductibles for comp and collision coverage increases the price to $1,718
• Drivers who are prone to accidents and violations could pay at least $2,992 or more
• An auto insurance policy to insure a teenage driver for full coverage can be $5,240 each year

View Chart as Image

Auto insurance prices for a Lexus IS 300 also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the trim level and model year.

Using high physical damage deductibles can save as much as $510 a year, whereas buying more liability protection will increase prices. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $414 extra every year. View Rates by Deductible or Liability Limit

A more mature driver with a good driving record and higher deductibles may only pay around $1,300 annually on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers will have to pay as much as $5,200 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying at least $1,600 to $2,300 in extra premium annually, depending on your age. Lexus IS 300 insurance for high-risk drivers ranges around 44% to 129% more than a normal policy. View High Risk Driver Rates

Where you choose to live plays a big part in determining prices for Lexus IS 300 insurance rates. A good driver about age 40 could pay as low as $900 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,870 on average in Michigan, New York, and Florida.

View Chart as Image

With such a large range in prices, the only way to figure out your exact price is to regularly compare prices and see how they stack up. Each auto insurer uses a different method to calculate prices, and quoted prices will be substantially different.

How to Shop for Cheaper Lexus IS 300 Insurance

Finding better rates on auto insurance takes having a decent driving record, having a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Make time to compare rates every couple of years by requesting quotes from direct insurance companies, and also from your local independent and exclusive agents.

The following items are a condensed summary of the material that was touched on in this article.

• Consumers who may need additional liability coverage will pay an extra $510 annually to raise limits from 30/60 bodily injury limits to a 250/500 level
• 16 to 18-year-old drivers are expensive to insure, with premiums being up to $437 per month if comprehensive and collision insurance is included
• Drivers with multiple at-fault accidents may pay on average $1,610 more every year than a driver with a clean driving record
• Increasing policy deductibles could save as much as $500 each year