Car insurance for Lexus

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When purchasing car insurance, there are many different factors used to determine how much you will pay. Where you live, your age, driving history and coverages needed are considered, but so is the make and model of the car you drive. The Lexus is considered a luxury vehicle, but does that mean you will pay luxury insurance rates to drive one?

Bankrate chose five of the best car insurance companies according to Bankrate’s scoring system which is determined by comparing scores from industry resources, rates available, coverage options and more. We compared rates on these companies on the following models:

  • Lexus ES
  • Lexus GS
  • Lexus GX
  • Lexus UX

Car insurance for Lexus: by model

When comparing full coverage car insurance costs, we found the Lexus UX to be the cheapest of the cars we reviewed at $1,675 per year on average. The Lexus GS is the most expensive, costing on average $2,219 annually for the same coverage and driver profile.

Lexus Car Insurance Average annual full coverage premium
Lexus ES $2,009
Lexus GS $2,219
Lexus GX $1,885
Lexus UX $1,675

Cheapest car insurance companies for Lexus ES

The Lexus ES sedan has a base price of $40,000 and comes in 11 different trim packages, including hybrid options, to suit many different needs. The Lexus Safety System+ 2.0 comes standard, offering six different safety features, which can drive down the cost of car insurance for this model. USAA and Geico tie for cheapest average cost for minimum coverage at $330 per year. Erie is the cheapest option for full coverage, costing an average $1,385 annually.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $330 $1,457
Geico $330 $1,754
State Farm $450 $1,711
Erie $357 $1,385
Amica $345 $1,444

Cheapest car insurance companies for Lexus GS

It was announced that Lexus would stop producing the GS sedan after the 2020 model year, but this mid-size luxury sedan is still available used. The GS comes in three trim models, the standard GS, GS F, and GS 350 F Sport edition. With dynamic handling and excellent detail in craftsmanship, this sports car came in your choice of FWD or AWD. For minimum coverage auto insurance, the Lexus GS is cheapest with Geico at $328 per year, on average. USAA and Amica round out the top three cheapest car insurance companies. Full coverage average car insurance rates are cheaper with USAA at $1,421 per year, with Erie and Amica being the next closest in average premiums.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $332 $1,421
Geico $328 $1,966
State Farm $467 $1,914
Erie $430 $1,698
Amica $345 $1,654

Cheapest car insurance companies for Lexus GX

The GX is Lexus’ 7-passenger SUV, with a base MSRP of $53,450 and three options to choose from, including the base model. According to Lexus, the standard safety features of the GX are the most comprehensive included in this model, offering hill-start assist control, intuitive parking assistance and blind spot monitoring with rear-cross traffic alerts. We found Erie to have the cheapest average auto insurance rates for minimum coverage at $356 per year followed by Amica and USAA. Amica has the best average car insurance costs for full coverage, closely followed by USAA and Erie.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $381 $1,405
Geico $409 $1,721
State Farm $438 $1,627
Erie $356 $1,412
Amica $367 $1,344

Cheapest car insurance companies for Lexus UX

The Lexus UX is the manufacturer’s basic SUV, starting at $33,000, offering a sport and hybrid option for an additional cost. There are seven total trim packages, allowing consumers to choose what fits their needs. The UX comes standard with Amazon Alexa compatibility and functionality from Android Auto. Just like the ES, Lexus offers advanced safety features standard on the UX with its Safety System+ 2.0. As for car insurance rates, we found Geico to have the best average rates for minimum coverage, followed closely by USAA and Amica. Average annual costs for full coverage are cheapest with USAA at $1,174 per year, followed by Amica and Geico.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $354 $1,174
Geico $349 $1,387
State Farm $450 $1,420
Erie $430 $1,463
Amica $367 $1,373

Other car insurance coverage for Lexus

Whether you’re planning to stick with your current car insurance carrier or switch to a new one, it’s important to consider auto insurance coverage options regularly, especially when purchasing a new car.

If you are in the market for a new Lexus, take a look at these optional coverages to protect your new investment:

  • Comprehensive: Considered part of full coverage car insurance, comprehensive is also called “other than collision insurance” because it provides physical damage coverage for events where collision does not. Vandalism, theft of the vehicle, broken glass, weather events and hitting an animal are all covered by comprehensive insurance.
  • Collision: This coverage protects your Lexus if you are involved in an accident and need to get the car repaired or totaled. Including collision coverage with comprehensive provides greater protection than liability alone, and may be required if you finance or lease the vehicle.
  • Gap insurance: When financing or leasing a Lexus, there is a chance the vehicle is totaled before it has been paid off. If that happens and the loan is more than the Lexus is worth, gap insurance will pay the difference directly to the lender to pay off the loan. Without gap insurance, you would be responsible for the difference, so it is something to consider if you do not purchase your Lexus outright.
  • Roadside assistance: If you buy a brand new Lexus, you may have roadside assistance coverage already. If not, it might be something to look into from your car insurance company. This coverage will send out an authorized roadside assistance company to provide fuel, rescue your keys if they are locked in the car, change a flat tire or tow you to the nearest service station if you break down.
  • Rental car reimbursement: If your Lexus is involved in an accident and needs to be in the shop for repairs, you may want to have rental car coverage if you do not have another vehicle to drive while it is being fixed.
  • Uninsured motorist coverage: Being involved in an accident with an uninsured driver, one without enough coverage or the victim of a hit-and-run, uninsured motorist is a good coverage to have.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers commute five days a week, drive 12,000 miles annually and were evaluated using the following cars:

  • Lexus ES
  • Lexus GS
  • Lexus GX
  • Lexus UX

These are sample rates and should only be used for comparative purposes.