Lexus IS 300 Insurance Rates

Average insurance rates for a Lexus IS 300 are $1,444 a year for full coverage insurance. Comprehensive insurance costs an estimated $290 each year, collision insurance costs $540, and liability is $456. A policy with just liability insurance costs around $508 a year, and coverage for high-risk drivers costs $3,138 or more. Teen drivers receive the highest rates at up to $5,454 a year.

Average premium for full coverage: $1,444

Rate estimates broken down by individual coverage type:

Full coverage includes $500 physical damage insurance deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 states and IS 300 models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can have significant affects on the price of insurance. More rural locations tend to have a lower frequency of physical damage claims than larger metro areas. The graphic below illustrates how rural and urban location affects insurance prices.

These examples illustrate why all drivers should compare rates quotes for a targeted area and risk profile, instead of using price averages.

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

Detailed Rate Analysis

The chart below illustrates average Lexus IS 300 insurance rates for other coverage scenarios.

• The lowest rate with discounts is $827
• Raising to $1,000 deductibles will save approximately $188 each year
• The average rate for a 40-year-old driver who has $500 deductibles is $1,444
• Choosing low deductibles will cost an extra $368 every year
• At-risk drivers with multiple violations and an at-fault accident could pay up to $3,138
• The cost for full coverage for a teen driver can cost as much as $5,454

View Chart as Image

Insurance rates for a Lexus IS 300 can also vary considerably based on your driver profile, the model year and trim level, and liability limits and deductibles.

More mature drivers with no violations or accidents and high deductibles may pay as little as $1,300 every 12 months on average for full coverage. Rates are highest for teen drivers, where even good drivers should be prepared to pay at least $5,400 a year. View Rates by Age

Where you live also has a big influence on Lexus IS 300 insurance prices. A middle-age driver might find rates as low as $950 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,950 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing high deductibles can reduce rates by up to $560 every year, whereas increasing liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will cost as much as $411 more each year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying $1,700 to $2,400 additional per year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 44% to 131% more than average. View High Risk Driver Rates

How to Find More Affordable Lexus IS 300 Insurance

Saving money on car insurance consists of being a low-risk driver, having a good credit history, avoid buying unnecessary coverage, and possibly raising deductibles. Set aside time to shop around at least once a year by getting quotes from direct insurance companies like GEICO and Progressive, and also from several local insurance agents.

The items below are a summary of the primary concepts that were raised in the charts and tables above.

• It is possible to save approximately $180 per year just by quoting online in advance
• Higher risk drivers who have multiple accidents or major violations pay on average $1,690 more annually to insure their IS 300
• Increasing deductibles can save around $550 each year
• Teen drivers are expensive to insure, costing up to $455 per month including comprehensive and collision insurance