Lexus Car Insurance

Lexus is the luxury division of Japanese carmaker Toyota. The first Lexus model, the Lexus ES, launched in 1989, and the company has since expanded to a full line of luxury sedans, coupes, convertibles, and SUVs. No matter which Lexus model you drive, you’ll need the right car insurance coverage to protect your investment. 

Our Lexus insurance guide provides cost information for popular Lexus models. With the help of a local independent insurance agent, you can get quotes from multiple companies so you can get the coverage you need that fits your budget. But first, here's a closer look at Lexus auto insurance rates and more.

What Is Lexus Insurance?

Lexus insurance is a car insurance policy designed to cover Lexus vehicles. You'll find many of the same types of coverage in a Lexus motor insurance policy as you will in standard auto policies. Since Lexus is a luxury brand and tends to have more expensive parts and repairs than standard vehicles, you may need additional types of specialized insurance added to your policy. 

Recommended coverage options for Lexus drivers:

• Collision insurance: This pays for damage to your car from a collision with another object, regardless of fault. 
• Comprehensive insurance: This pays for damage to your car caused by non-collision events, such as a flood or theft. 
• Liability insurance: This covers the cost of lawsuits and other expenses related to bodily injury or personal property damage you cause to third parties with your vehicle.
• Medical payments coverage: This covers the cost of your injuries and injuries to your passengers after an accident, regardless of fault. 
• Uninsured/underinsured motorist insurance: This covers expenses after an accident involving a driver who is uninsured or underinsured, or after a hit-and-run.
• Personal injury protection: This covers the cost of your injuries and injuries to your passengers, as well as lost wages after an accident, regardless of fault.
• Towing and roadside assistance coverage: This covers the cost of professional towing and roadside assistance services if you break down on the side of the road.

You may be required to have some or all of these types of coverage by law, depending on your location. An independent insurance agent can help you get equipped with all the Lexus insurance coverage you need.

How Much Does Lexus Insurance Cost?

Many Lexus owners pay an average of $2,390 per year, or approximately $199 per month, for car insurance. Lexus insurance rates are much higher than those for standard vehicles and tend to be on the higher end for luxury vehicles as well. Many factors can influence Lexus insurance rates, including vehicle safety features, driver location and history, and the specific model insured. 

Lexus Insurance Costs by Popular Models

The specific model of Lexus you buy greatly influences your car insurance rates. Some models come with better safety ratings and cheaper parts than others, leading to lower insurance costs. We've compared average rates for just a handful of popular Lexus models to provide a range of car insurance costs.

Is Lexus Expensive to Insure Compared to Other Brands?

Yes, Lexus tends to be a more expensive luxury brand to insure than others. This can be influenced by many factors, including the higher market value of Lexus vehicles when compared to others, the brand's more powerful engines, and the increased risk of theft. Fortunately, Lexus's strong safety reputation helps reduce insurance premiums from many carriers. 

Lexus's true cost of ownership vs. other luxury brands

Though when you consider how much Lexus insurance is when compared to other car brands, it can seem like these vehicles are the most expensive to own, that's not the whole story. Lexus's ownership cost score is actually lower than most other luxury car brands'. This score factors in the cost of maintenance and repairs over a set number of years. The table below compares the cost of Lexus ownership to other luxury brands.

What Other Factors Affect Lexus Insurance Rates?

Many additional factors can influence Lexus insurance prices, including how often you use your vehicle and your location. The make and model of your car are two of the most important factors for determining your Lexus insurance premiums, but your rates can also be influenced by the following:

• Your age, gender, and marital status
• Your credit score (where allowed)
• Your location
• The amount of coverage and deductible you choose
• Your annual mileage and usage
• The vehicle's value and repair costs
• The vehicle's safety and anti-theft features

Lexus insurance factors can vary depending on the auto insurance company you buy coverage through. However, you can find several car insurance discounts from most carriers to help you reduce your premiums. An independent insurance agent can help you find the best Lexus insurance companies in your area and any savings you qualify for.

Add-On Protections Worth Considering for Your Lexus

Insurance for Lexus vehicles may require more coverage types than for standard autos. To complete your comprehensive Lexus insurance policy, consider adding some or all of the following types of coverage:

• Gap insurance for new or financed Lexus vehicles: This can cover the difference between the amount owed on a loan or lease for a new Lexus and the amount your insurance pays for your vehicle after a total covered loss.
• OEM parts coverage: This coverage can pay to replace your vehicle's parts with genuine Lexus parts during the repair process. Lexus OEM parts insurance can help maintain the integrity of luxury vehicle repairs.
• New car replacement coverage: This can cover the cost of replacing your vehicle with another of the same model if your car is stolen or totaled due to a covered cause within the first year of ownership.
• Lexus extended warranty insurance: This can extend your Lexus's manufacturer warranty to cover future repairs, where available. 
• Accident forgiveness coverage: This coverage can help you avoid a car insurance premium rate hike after you get into an accident.

An independent insurance agent can help you find all the best Lexus insurance coverage to add to your policy. 

Best Car Insurance Companies for Lexus Owners

Not all Lexus car insurance providers are known for offering top-quality coverage. To help you find the right coverage for your vehicle, here are some of our top recommendations for the best Lexus insurance companies.

Car Insurance Company	Overall Carrier Star Rating	Best For
Progressive	5 Stars	High-Risk Drivers
Liberty Mutual	5 Stars	Coverage Options
USAA	4.5 Stars	Military and Veterans
Allstate	3 Stars	Bundling

How to Lower Your Lexus Insurance Premiums

Though Lexus insurance tends to be expensive, fortunately, there are certain actions you can take to help lower your Lexus insurance rates.

1. Choose a higher deductible: Selecting a higher deductible can help reduce your auto insurance policy's premiums, but you'll have to pay more each time you file a claim. 
2. Compare quotes from multiple carriers: It's helpful to compare Lexus insurance quotes from many different insurers in your area to find the best deal. An independent insurance agent can do this for you.
3. Ask about telematics programs: Your insurance company or Lexus may offer various telematics programs, such as tracking your driving habits or vehicle usage, that can help potentially reduce your insurance rates.
4. Maintain a clean driving record: Avoiding accidents, tickets, and other traffic violations can help you earn good driver discounts to reduce your premium rates.
5. Ask about Lexus insurance discounts: Some of the most common discounts offered by many car insurance companies include multi-policy, safety features, anti-theft devices, loyalty, and bundling discounts.
6. Work with an independent insurance agent: These agents can access several different carriers near you to help find the best insurance for your Lexus.

An independent insurance agent can also help you save on Lexus insurance by finding and applying any car insurance discounts you qualify for to reduce your premiums as much as possible. 

An Independent Insurance Agent Can Help You Get the Best Lexus Insurance Quotes

When it's time to find the most affordable Lexus insurance, no one's better equipped to help than a local independent insurance agent. These agents know where to find the best Lexus insurance coverage and rates, and can shop and compare quotes and policy options from several carriers for you.

Even better, they'll help you score any discounts you're eligible for to bring your premium rates down even further. And down the road, your agent will still be there to help you file car insurance claims or update your coverage when necessary.

FAQ About Lexus Car Insurance