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Key Takeaways
- The average annual car insurance for a Lexus model is $4,608.
- Lexus insurance costs typically start at $3000 per year on average.
- In addition to the common driving factors, insurance rates may change depending on the model, year, coverage type, and the insurance company.
If you're a Lexus lover or are thinking about buying one, you might be wondering how much it will cost to insure your Lexus. Lexus car insurance rates are influenced by demographic characteristics such as age, gender, and region, as well as personal criteria such as your claims history and coverage needs.
Car insurance companies calculate premiums differently, so the make and model of your vehicle may also have an impact on the cost of your coverage. Consider the following average cost differences based on your specific Lexus model before deciding which insurance carrier is suitable for you.
How Much Does It Cost to Insure a Lexus?
The average annual Lexus car insurance is $4,608 per year. The monthly average for Lexus car insurance is $384. However, both driving and non-driving factors influence Lexus car insurance rates. The company you are insuring with or the Lexus model you are insuring will affect the insurance rates.
Lexus TX is the cheapest model to insure, with an average annual premium of $3000, and the most expensive model is Lexus LC with a premium rate of $7,884 per year.
Lexus Car Insurance by Company
When you look broadly at Lexus car insurance rates in general, State Farm offers the most affordable choice, with its annual rates at $2,412 per year. USAA also offers reasonable rates at $2,796 per annum. However, USAA offers insurance benefits only to active military members, veterans, and their families. So, the next best option would be Progressive, which has an annual premium rate of $3,996.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| State Farm | $201 | $2,412 |
| USAA | $233 | $2,796 |
| Progressive | $333 | $3,996 |
Lexus Car Insurance by Model Years
Lexus RX Car Insurance Rates
On average, it costs around $3,564 to insure a Lexus RX. The 2024 model has the highest premium, at $3,696 per annum. Although the premium rates are lower for older models, there is no significant difference.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $308 | $3,696 |
| 2023 | $299 | $3,588 |
| 2022 | $296 | $3,552 |
| 2021 | $284 | $3,408 |
Lexus RX Hybrid Car Insurance Rates
The average car insurance rate for the Lexus RX model is around $3,780 per annum. Newer models always cost more to insure due to advanced technology and safety features. The 2023 Lexus RX Hybrid has the highest premium rate at $3,960 per year.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $320 | $3,840 |
| 2023 | $330 | $3,960 |
| 2022 | $303 | $3,636 |
| 2021 | $308 | $3,696 |
Lexus NX Car Insurance Rates
You may have to pay around $3,444 per year to insure a Lexus NX on average. However, the 2024 model costs the highest to insure at $3,660 per annum.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $305 | $3,660 |
| 2023 | $293 | $3,516 |
| 2022 | $276 | $3,312 |
| 2021 | $272 | $3,264 |
Lexus NX Hybrid Insurance Rates
The 2024 Lexus NX Hybrid model has the most expensive car insurance rates, at $4,092 per year. On average, it costs around $3,732 per year to insure the NX Hybrid.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $341 | $4,092 |
| 2023 | $325 | $3,900 |
| 2022 | $295 | $3,540 |
| 2021 | $281 | $3,372 |
Lexus ES Insurance Rates
The average annual car insurance rate for a Lexus ES is $4,272. The latest models generally cost more to insure compared to older models. The 2024 model tops the list with an annual premium rate of $4,860.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $405 | $4,860 |
| 2023 | $385 | $4,620 |
| 2022 | $344 | $4,128 |
| 2021 | $292 | $3,504 |
Lexus ES Hybrid Insurance Rates
The average annual premium to insure a Lexus ES Hybrid is $4200. However, the 2024 model has the highest insurance cost at $4,476 per annum.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $373 | $4,476 |
| 2023 | $357 | $4,284 |
| 2022 | $343 | $4,116 |
| 2021 | $328 | $3,936 |
Lexus GX Insurance Rates
Lexus GX car insurance generally costs around $3560 per year. The 2023 GX model costs more to insure than the rest due to its high market value and features. The 2024 model costs around $3,000 per annum to insure, which is around $900 less than the 2023 model.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $250 | $3,000 |
| 2023 | $327 | $3,924 |
| 2022 | $312 | $3,744 |
| 2021 | $290 | $3,480 |
Lexus IS Insurance Rates
On average, it costs around $4,152 yearly to insure a Lexus IS. The 2024 model has the highest premium rates at $4,404 per year.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $367 | $4,404 |
| 2023 | $352 | $4,224 |
| 2022 | $338 | $4,056 |
| 2021 | $326 | $3,912 |
Lexus UX Insurance Rates
Lexus UX has an average annual rate of $3048 when it comes to insurance. However, the 2022 model year costs the highest to insure at $3,120 per annum.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2022 | $260 | $3,120 |
| 2021 | $248 | $2,976 |
Lexus UX Hybrid Insurance Rates
The average insurance rate for the Lexus UX Hybrid is $3,372 per year. The latest model years cost more to insure than the rest. The 2024 model costs around $3,540 per annum to insure on average.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $295 | $3,540 |
| 2023 | $279 | $3,348 |
| 2022 | $281 | $3,372 |
| 2021 | $268 | $3,216 |
Lexus TX Insurance Rates
The 2024 Lexus TX model costs around $3,000 to insure on average, which is the same as the average annual premium rate to insure the Lexus TX models.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $250 | $3,000 |
Lexus LX Insurance Rates
Generally, it costs around $5,196 a year to insure the Lexus LX models on average. The 2024 model costs the most to insure at $5,604 per annum.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $467 | $5,604 |
| 2023 | $447 | $5,364 |
| 2022 | $415 | $4,980 |
| 2021 | $403 | $4,836 |
Lexus RZ Insurance Rates
The Lexus RZ offers competitive insurance rates compared to other luxury electric SUVs. The insurance rates are just $3,252 per year on average. The 2024 model has a premium rate of $3,000, which is lower than its predecessor.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $250 | $3,000 |
| 2023 | $292 | $3,504 |
Lexus LS Insurance Rates
The 2024 Lexus LS has an average annual premium rate of $6,864. This full-size luxury sedan, which is an epitome of Lexus's engineering and niche technology, often costs around $6,612 to insure a year on average.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $572 | $6,864 |
| 2023 | $582 | $6,984 |
| 2022 | $539 | $6,468 |
| 2021 | $513 | $6,156 |
Lexus LC Insurance Rates
You can expect to pay around $7,080 per year to insure a Lexus LC on average. Nevertheless, the 2024 model has the highest premium rate, at $7,884 per annum.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $657 | $7,884 |
| 2023 | $614 | $7,368 |
| 2022 | $560 | $6,720 |
| 2021 | $528 | $6,336 |
Lexus RC Insurance Rates
Lexus RC is a sporty coupe that costs around $4,416 per year on average. The 2024 model costs around $4,848 per annum to insure, which is also the highest rate among the lot.
| Model year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2024 | $404 | $4,848 |
| 2023 | $381 | $4,572 |
| 2022 | $349 | $4,188 |
| 2021 | $339 | $4,068 |
Ways to Save on Lexus Car Insurance
- Keep a clean driving record: Reckless or careless driving can stay on your record, leading to higher insurance premiums, especially if you have at-fault accidents or DUIs.
- Maintain a good credit score: Drivers with strong credit scores can save significantly on Lexus car insurance costs compared to those with lower scores.
- Obey traffic laws: Traffic violations can lead to a noticeable increase in your Lexus model's insurance rates.
- Take advantage of discounts: Look for common discounts like multi-policy, low mileage, good student, defensive driving, and loyalty discounts to lower your premiums.
- Bundle your insurance policies: Combining your auto and home insurance can help you save even more on your annual costs.
How Do I Find the Best Lexus Escape Car Insurance Rates?
- It could be tempting to choose a provider that offers low rates. However, it's always better to apply for multiple free insurance quotes from as many companies as possible! You can either apply individually or use an insurance platform like Way.com.
- When searching for the best policy, always compare and choose a provider who provides a balance of low rates and comprehensive coverage.
- Using the service of an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for in your financial position.
- The cheapest rates don't always mean the best! You can always consider spending a bit more to get comprehensive coverage.
How to Get Lexus Escape Car Insurance with Way
You can easily get the best Lexus Escape car insurance cost by comparing top companies with Way. All you need to do is download the Way app or head over to the Way.com website! Here, you'll find 140+ providers that are best suited for you.
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
DATA SOURCES
Way.com’s Insurance Broker Quote Data
FAQ
How much is Lexus car insurance?
The average annual Lexus car insurance is $4,608 per year. You may have to pay around $384 per month to insure your Lexus model.
Which Lexus model has the cheapest car insurance rate?
Lexus TX has the cheapest premium rate, which is about $3,000 per year on average.
What factors affect the insurance rate for a Lexus?
Both driving and non-driving factors influence Lexus car insurance rates. The Lexus car insurance rates can vary depending on the model, and some of the cheapest car insurance companies for insuring your Lexus include State Farm, USAA, and Progressive.
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