Lexus NX 300 Insurance Rates

The average insurance rates for a Lexus NX 300 are $1,410 a year for full coverage. Comprehensive costs an estimated $280 each year, collision costs $516, and liability costs around $456. Buying just liability costs as low as $508 a year, with insurance for high-risk drivers costing around $3,064. 16-year-old drivers cost the most to insure at $5,346 a year or more.

Average premium for full coverage: $1,410

Policy rates broken down by type of insurance:

Full coverage includes $500 physical damage insurance deductibles, 30/60 split liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all states and NX 300 models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on insurance rates. More rural locations are shown to have a lower frequency of accident claims than congested cities.

The graphic below illustrates how rural and urban location affects insurance prices.

The examples above show why all drivers should compare prices for a targeted area and risk profile, instead of making a decision based on rate averages.

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

More Rate Details

The chart below shows estimated Lexus NX 300 insurance rates for other coverage scenarios.

• The best full coverage rate is $810
• Using higher $1,000 deductibles will save approximately $180 a year
• The average rate for a good driver age 40 who has $500 deductibles is $1,410
• Buying low deductibles for physical damage coverage will increase the cost to $1,764
• High-risk insureds with multiple tickets or accidents could pay up to $3,064 or more
• Policy cost for full coverage for a 16-year-old driver can cost as much as $5,346 or more

View Chart as Image

Insurance rates for a Lexus NX 300 also range considerably based on your risk profile, the trim level of your NX 300, and liability limits and deductibles.

More mature drivers with a clean driving record and high deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers can expect to pay at least $5,300 a year. View Rates by Age

Your home state has a huge impact on Lexus NX 300 insurance prices. A driver around age 40 might see rates as low as $930 a year in states like Iowa, Maine, and Idaho, or at least $2,010 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could cut rates by as much as $540 annually, whereas increasing liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $411 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 could be paying $1,700 to $2,300 extra every year, depending on your age. Insurance for high-risk drivers can be from 43% to 134% more than the average rate. View High Risk Driver Rates

Because rates have so much variability, the only way to know which auto insurance is cheapest is to do a rate comparison from multiple companies. Each insurance company utilizes a different rate formula, so the rates will be varied from one company to the next.

How to Find More Affordable Lexus NX 300 Insurance

Finding cheaper rates on insurance for a Lexus NX 300 requires being a low-risk driver, maintaining good credit, avoid buying unnecessary coverage, and taking advantage of discounts. Set aside time to shop around at least every other year by requesting rates from direct carriers like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The items below are a summary of the car insurance concepts raised in the charts and tables above.

• Drivers considered higher risk who have multiple accidents or major violations pay an average of $1,650 more annually to insure their NX 300
• Drivers can save approximately $170 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $525 each year
• Insureds who want more liability coverage will pay around $500 each year to increase from a 30/60 limit to 250/500 limits