Insuring a Lexus

With its reputation for refinement and performance, Lexus has cemented its position in the U.S. luxury auto segment. These vehicles are popular for their sleek, plush designs, exceptional performance and comparatively affordable prices. When stacked up against many European counterparts, they are a lot less punishing on the pocketbook. The average yearly amount to insure one of these cars is $1,794.68, which ranks it 27th on a list of 36 models. The cars may not be cheap to protect, but they are so loaded with features that few drivers are going to mind. Learn about the factors that come into play when calculating premiums by checking out the information below.

Model Statistics

ES 300

What type of Coverage do Es 300 Owners Choose?

$810

Average Annual Cost to Insure

RX 300

What type of Coverage do Rx 300 Owners Choose?

$800

Average Annual Cost to Insure

RX 350

What type of Coverage do Rx 350 Owners Choose?

$1,063

Average Annual Cost to Insure

GS 300

What type of Coverage do Gs 300 Owners Choose?

N/A

Average Annual Cost to Insure

IS 250

What type of Coverage do Is 250 Owners Choose?

N/A

Average Annual Cost to Insure

ES 350

What type of Coverage do Es 350 Owners Choose?

$581

Average Annual Cost to Insure

IS 300

What type of Coverage do Is 300 Owners Choose?

$620

Average Annual Cost to Insure

RX 330

What type of Coverage do Rx 330 Owners Choose?

$631

Average Annual Cost to Insure

ES 330

What type of Coverage do Es 330 Owners Choose?

$1,199

Average Annual Cost to Insure

GX 470

What type of Coverage do Gx 470 Owners Choose?

$1,200

Average Annual Cost to Insure

LS 430

What type of Coverage do Ls 430 Owners Choose?

$1,119

Average Annual Cost to Insure

LS 400

What type of Coverage do Ls 400 Owners Choose?

N/A

Average Annual Cost to Insure

IS 350

What type of Coverage do Is 350 Owners Choose?

N/A

Average Annual Cost to Insure

GS 350

What type of Coverage do Gs 350 Owners Choose?

N/A

Average Annual Cost to Insure

LX 470

What type of Coverage do Lx 470 Owners Choose?

$5,000

Average Annual Cost to Insure

LS 460

What type of Coverage do Ls 460 Owners Choose?

$360

Average Annual Cost to Insure

GS 400

What type of Coverage do Gs 400 Owners Choose?

$300

Average Annual Cost to Insure

SC 400

What type of Coverage do Sc 400 Owners Choose?

$1,009

Average Annual Cost to Insure

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Brief History of the Japanese Luxury Brand

Lexus's parent company, Toyota, decided that it needed to get in on the luxury car game. The auto manufacturer took its time in developing the new brand. It did a great deal of market research during the 1980s to determine what American drivers wanted. Countless road tests and other tests were performed. The first vehicles began to roll out of assembly plants in 1989, which was just in time for the 1990 model year. Its first few models, the LS 400 and ES 250, proved to be hits. The brand immediately made a splash with its impeccable V8 engines and exceptional standard features. By keeping its prices somewhat lower than those of European luxury automakers, the Japanese automaker managed to snap up a lot of the business in that segment.

Mid-Range MSRPs have Strong Impact on Premiums

If one thing affects the cost to protect a vehicle, it's its price tag. Models that are on the pricier end of the scale tend to cost more to insure. This makes sense because such autos are more expensive to repair, so they result in more expensive claims. They tend to be more expensive than regular cars, but they are still much cheaper than many European luxury offerings. The IS 250, for instance, has a starting MSRP of $33,595. The IS 350's starting MSRP is $40,020 while the IS F has a price tag that starts at just over $60,000.

Strong Safety Ratings Mitigate Premiums

Lexus models would be even more expensive to cover if they weren't so safe. In general, they have strong safety ratings. The Insurance Institute for Highway Safety, or IIHS, has awarded the IS 250 a perfect score of "Good" in nearly every category; there are a few second-best "Acceptable" ratings sprinkled in too. The IS 350 has the same types of ratings, so it's very safe. Safety ratings are not available for the IS F, but it is loaded with a bevy of standard safety features.

Low Theft Rates Lower Policy Rates Too

The more likely an automobile is to be stolen the more expensive it is to cover with a decent policy. Fortunately, they aren't popular targets for thieves. On lists that are compiled by the National Insurance Crime Bureau, or NICB, there isn't a single Lexus. That is true for the nationwide top-ten list and for top-ten lists for each of the fifty states. If you decide to buy one, you don't have to worry too much about it being stolen.

The average cost to cover popular models is as follows:

• IS 250 6-Cylinder Sedan - $1,510.00
• IS 350 6-Cylinder Sedan - $1,591.00
• IS F 8-Cylinder Sedan - $1,986.00