Lexus IS 300 Insurance Rates

The average insurance rates for a Lexus IS 300 are $1,486 a year including full coverage. Comprehensive costs approximately $302 each year, collision insurance costs $574, and liability coverage costs $452. Liability-only coverage costs as little as $504 a year, and high-risk coverage costs around $3,230. Teen drivers cost the most to insure at up to $5,580 a year.

Average premium for full coverage: $1,486

Policy rates by type of insurance:

Price estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and IS 300 models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on car insurance prices. Rural locations are shown to have a lower frequency of comprehensive and collision claims than larger metro areas. The graphic below illustrates how your location can change auto insurance prices.

The examples above highlight why all drivers should compare rates using their specific location and risk profile, rather than using price averages.

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

Rate Comparisons

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

• The lowest rate with discounts is $847
• Drivers who choose higher $1,000 deductibles will pay $198 every year
• The average rate for a good driver age 40 who chooses $500 deductibles is $1,486
• Choosing low deductibles for comprehensive and collision insurance will increase the cost to $1,874
• High-risk insureds with multiple violations and an at-fault accident could pay around $3,230
• Policy cost for full coverage for a teenage driver can cost $5,580 a year

View Chart as Image

Insurance rates for a Lexus IS 300 also range considerably based on your risk profile, the model of your IS 300, and physical damage deductibles and liability limits.

More mature drivers with no violations or accidents and high deductibles may only pay around $1,400 per year on average, or $117 per month, for full coverage. Rates are highest for teenagers, where even good drivers should be prepared to pay in the ballpark of $5,500 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 $1,140 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,120 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing high deductibles could save up to $590 a year, whereas increasing liability limits will push rates upward. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $407 more each 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 likely paying anywhere from $1,800 to $2,400 additional every year, depending on your age. Insurance for high-risk drivers can cost around 43% to 135% more than average. View High Risk Driver Rates

How to Find Cheaper Lexus IS 300 Insurance

Finding cheaper rates on auto insurance not only requires having a decent driving record, but also having a good credit history, paying for small claims out-of-pocket, and consideration of higher deductibles. Invest the time to shop around every year by obtaining price quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.

The following items are a condensed summary of the coverage data illustrated above.

• You may be able to save around $180 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $575 each year
• 16 to 18-year-old drivers are the costliest to insure, with premiums being up to $465 each month including comprehensive and collision insurance
• Drivers with multiple at-fault accidents could be forced to pay on average $1,740 more per year than a driver with a clean driving record