Buy Cheap Lexus IS 300 Auto Insurance in 2024
If you want affordable Lexus IS 300 insurance coverage then you should know that a policy will cost $133 per month ($1,598 per year) on average. Mature drivers with good driving records may find rates as low as $939 a year.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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Key takeaways:
- Full coverage costs around $1,598 a year or $133 each month
- A liability-only policy costs around $641 a year or $53 each month
- Highest rates are for teenage drivers at around $5,841 a year or $487 each month
- Good drivers can save as much as $659 a year by earning policy discounts
- Lexus IS 300 insurance costs around $79 more per year than the average vehicle
The average driver of a Lexus IS 300 spends $1,598 a year or $133 a month for full coverage. Drivers can save up to $659 a year in policy discounts and enjoy greater fuel economy by practicing safe driving habits. We’re going to jump right in and look at Lexus IS 300 insurance rates, crash test ratings, and more.
You can start comparing quotes for Lexus IS 300 car insurance rates from some of the best car insurance companies by using our free online tool now.
How much does Lexus IS 300 insurance cost?
The average Lexus IS 300 auto insurance rates are $1,598 a year or $133 a month.
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How do Insurance prices compare for a Lexus IS 300?
The chart below details how Lexus IS 300 insurance rates compare to another luxury sedan like the Audi S8, Audi A6, and Audi S7.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Lexus IS 300 | $356 | $686 | $398 | $1,598 |
| Audi S8 | $658 | $1,368 | $398 | $2,582 |
| Audi A6 | $382 | $744 | $398 | $1,682 |
| Audi S7 | $532 | $1,250 | $398 | $2,338 |
| Audi A4 | $332 | $656 | $398 | $1,544 |
| Lexus GS 300 | $344 | $656 | $338 | $1,474 |
| Acura TLX | $332 | $686 | $398 | $1,574 |
However, there are a few things you can do to find the cheapest Lexus insurance rates online.
Read more: Buy Cheap Audi Auto Insurance
What impacts the cost of Lexus IS 300 insurance?
The base price of a Lexus IS 300 is what you see in the ads, but then you have to add on taxes, licensing, etc. before you can leave the dealership. Whether you’re at a car lot or on J.D. Power checking market conditions, insurance should always be a part of your calculations. You might get a killer deal on the car, but are you sacrificing features that would get you lower insurance rates? What’s the big picture if you choose the standard features? We’ll break it down below to make an informed insurance purchase easy.
Age of the Vehicle
The age of even the highest-class luxury vehicle determines its purchase and replacement cost. It has a similar effect on your insurance rates. Older cars cost less on a base level. Don’t stop here. There are other factors to consider.
| Model Year | Comprehensive | Collision | Liability | Total |
| 2018 Lexus IS 300 | $356 | $686 | $398 | $1,598 |
| 2017 Lexus IS 300 | $344 | $668 | $416 | $1,586 |
| 2016 Lexus IS 300 | $332 | $640 | $430 | $1,560 |
Driver Age
Driver age has a significant effect on the cost of auto insurance. For example, 30-year-old drivers pay approximately $70 more for their car insurance when driving a Lexus IS 300 than 40-year-old drivers. Insurers want to see experience and tenure before offering lower rates.
Vehicle Location
Where you live can have a large impact on Lexus IS 300 insurance rates. Again, drivers in some areas of the country might pay a higher sales price to buy or replace their luxury sports sedan. Sometimes, it can even vary based on the model. Add in crime rates, average commute time, and other risks your car faces every day, and you get rates that multiply depending on where you live.
Your Driving Record
In your teens and 20’s, you can expect a steep increase in insurance rates for even a small infraction. These penalties decrease with age and experience. No matter your age, your insurance rates will be lower if you follow the speed limit, avoid accidents, and otherwise avoid marks on your record.
What are Lexus IS 300 safety ratings?
Your Lexus IS 300 auto insurance rates are influenced by the Lexus IS 300’s safety ratings. See the breakdown below:
| Test Type | Rating |
| Small overlap front: driver-side | Good |
|---|---|
| Small overlap front: passenger-side | Not Tested |
| Moderate overlap front | Good |
| Side | Good |
| Roof strength | Good |
| Head restraints and seats | Good |
| Source: Insurance Institute for Highway Safety | |
What are Lexus IS 300 crash test ratings?
The crash test ratings of the Lexus IS 300 can impact your Lexus IS 300 car insurance rates.
| Vehicle Tested | Overall | Frontal | Side | Rollover |
| 2020 Lexus IS 300 4 DR RWD | 5 stars | 4 stars | 5 stars | 5 stars |
| 2020 Lexus IS 300 4 DR AWD | 5 stars | 4 stars | 5 stars | 5 stars |
| 1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration | ||||
|---|---|---|---|---|
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What are Lexus IS 300 safety features?
Good Lexus IS 300 safety features can result in insurers giving you car insurance discounts. The safety features for the 2020 Lexus IS 300 are:
- Driver Air Bag
- Passenger Air Bag
- Front Head Air Bag
- Rear Head Air Bag
- Front Side Air Bag
- Rear Side Air Bag
- 4-Wheel ABS
- 4-Wheel Disc Brakes
- Brake Assist
- Electronic Stability Control
- Daytime Running Lights
- Child Safety Locks
- Integrated Turn Signal Mirrors
- Traction Control
- Blind Spot Monitor
- Auto-Leveling Headlights
- Lane Departure Warning
- Lane Keeping Assist
- Cross-Traffic Alert
How much is Lexus IS 300 finance and insurance cost?
If you are financing a Lexus IS 300, most lenders will require your carry higher Lexus IS 300 coverage options including comprehensive coverage. So be sure to shop around and compare Lexus IS 300 car insurance quotes from the best companies using our FREE tool below.
What are some ways to save on Lexus IS 300 insurance?
Drivers can end up saving more money on their Lexus IS 300 car insurance rates by employing any one of the following strategies.
- Ask About Farm and Ranch Vehicle Discounts
- Get Lexus IS 300 Auto Insurance Through Costco
- Check for Organization-Based Discounts, like Alumni or Employer Discounts
- Consider Using a Tracking Device on Your Lexus IS 300
- Ask About a Student Away from Home Discount
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What are the top Lexus IS 300 insurance companies?
Several insurance companies offer competitive rates for the Lexus IS 300 based on factors like discounts for safety features. Take a look at these top car insurance companies that are popular with Lexus IS 300 drivers organized by market share.
| Rank | Company | Volume | Market Share |
| 1 | State Farm | $65,615,190 | 9.3% |
| 2 | Geico | $46,106,971 | 6.6% |
| 3 | Progressive | $39,222,879 | 5.6% |
| 4 | Liberty Mutual | $35,600,051 | 5.1% |
| 5 | Allstate | $35,025,903 | 5.0% |
| 6 | Travelers | $28,016,966 | 4.0% |
| 7 | USAA | $23,483,080 | 3.3% |
| 8 | Chubb | $23,388,385 | 3.3% |
| 9 | Farmers | $20,643,559 | 2.9% |
| 10 | Nationwide | $18,442,145 | 2.6% |
| Source: Insurance Information Institute | |||
How can you compare free Lexus IS 300 insurance quotes online?
You can start comparing quotes for Lexus IS 300 car insurance rates from some of the best car insurance companies by using our free online tool now.
Frequently Asked Questions
Are there any specific insurance requirements for a Lexus IS 300 in 2023?
The specific insurance requirements for a Lexus IS 300 in 2023 may vary depending on your location and local regulations. It is important to understand and comply with the insurance requirements of the jurisdiction where you reside or plan to drive the vehicle. Typically, most jurisdictions require liability insurance, which covers damages to other vehicles and property in the event of an accident you’re deemed responsible for. In addition to liability insurance, some areas may require additional coverage types such as personal injury protection (PIP) or uninsured/underinsured motorist coverage.
What factors can affect the cost of auto insurance for a Lexus IS 300 in 2023?
Several factors can influence the cost of auto insurance for a Lexus IS 300 in 2023. These seven factors include:
- Your driving history
- Age
- Location
- Credit score
- Deductible amount
- Coverage limits
- The level of insurance coverage you choose
Are there any specific safety features or anti-theft devices that can help lower insurance premiums for a Lexus IS 300?
Yes, having safety features and anti-theft devices on your Lexus IS 300 can potentially lower your insurance premiums. Features such as anti-lock brakes, airbags, anti-theft systems, and electronic stability control may be eligible for discounts. It’s recommended to check with your insurance provider to see which specific safety features can help reduce your premiums.
Are there any discounts available for insuring a Lexus IS 300 in 2023?
Yes, many insurance providers offer various discounts that can help lower the cost of insuring a Lexus IS 300. Four common discounts include
- Multi-policy discounts (insuring multiple vehicles or bundling auto and home insurance)
- Safe driver discounts
- good student discounts
- loyalty discounts
Contact your insurance provider to inquire about the available discounts for insuring a Lexus IS 300.
How can I find cheap insurance quotes for a Lexus IS 300 in 2023?
To find cheap insurance quotes for a Lexus IS 300 in 2023, you can follow these six steps:
- Shop around: Obtain quotes from multiple insurance providers to compare prices and coverage options.
- Bundle policies: Consider bundling your auto insurance with other policies, such as homeowners or renters insurance, as it may lead to discounts.
- Maintain a clean driving record: Safe driving habits and a clean record can help you qualify for lower premiums.
- Increase deductibles: Opting for a higher deductible can lower your insurance premiums, but make sure you can afford the deductible amount in case of an accident.
- Review coverage limits: Ensure you have adequate coverage for your needs, but avoid unnecessary over-coverage that can increase premiums.
- Inquire about discounts: Ask insurance providers about any available discounts specifically for the Lexus IS 300 model.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.