Lexus IS 300 Car Insurance

Lexus IS 300 insurance cost, on average is, $106 per month. Though the rate is less compared to the top of the segment's competitors, there are still ways to cut the cost down. Several factors that impact Lexus IS 300 insurance rates such as driving record, annual mileage, and additional security measures can be adopted. Go through the average Lexus IS 300 car insurance cost for a selective model year. And learn how to get cheap Lexus IS 300 auto insurance quotes.

Lexus IS 300 Auto Insurance Cost

Lexus IS 300 auto insurance costs, on average, $1,272 annually. However, specific charges vary depending on the trim levels of this luxury compact sedan. Compared to the regular trims such as Lexus IS 300 and IS 300 AWD, the Lexus F Sport and F Sport Design will cost you more for insurance.

The Lexus IS 300 insurance rates are also cheaper when compared to the leading competitors in the luxury compact sedan segment. Here are the concise average annual and monthly insurance rates of the best competitors in the same segment.

If you own a Lexus, you presumably place high importance on the qualities that Lexus is known for, including dependability, usability, and quality that endures. Owners can use platforms such as the Way app to find the best insurer for their Lexus IS 300.

The cheapest insurance companies that offer the best rate for insuring Lexus IS 300 are:

What Impacts the Cost of Lexus IS 300 Car Insurance?

Several factors impact the Lexus IS 300 car insurance cost. While general factors such as zip code in VID, driver's age, gender, and record are significant factors, some of the factors related to vehicle attributes do influence insurers in offering the cheapest insurance rates.

The specific factors that impact the cost of Lexus IS 300 are:

Repair/Replacement Cost: The expensive parts and repair bills of this luxury sedan definitely influence your insurance costs. The higher replacement cost for the car will increase the insurance cost of the Lexus IS 300.

Safety Features & Ratings: The numerous standard and specific safety features of the Lexus IS 300 impress the insurers. The features and ratings ensure the safe ride of the car on the road under standard conditions. Such factors could positively allow insurers to lower insurance rates.

Trim Level & Derivatives: The Lexus IS 300 insurance rates vary based on trim levels. The premium rates of higher trim levels, such as AWD and F Sport variants, are also higher when compared to the standard RWD variant. The variations in the insurance cost of different trim levels are due to the higher repairing cost in higher trim levels.

Theft/Vandalism Risk: Lexus IS 300 is not specifically categorized as a high-theft risk category. However, the value of this variable in deciding the cheapest insurance cost changes according to the neighborhood. The ZIP codes with higher theft and vandalism incidents recorded will affect your Lexus IS 300 car insurance cost.

Cheapest Insurance Companies Based on Lexus IS 300 Model Years

Lexus IS 300 model years are one of the important factors that decide the insurance rates. With increasing age, the older model years get cheaper insurance rates. Due to the advanced and costly parts and replacements in newer cars, they are costlier to insure. Here is the average monthly and yearly Lexus IS 300 insurance cost, based on selective model years.

Lexus IS 300 2018 Model Year

The 2018 Lexus IS 300 insurance rates vary depending on various factors such as trim levels, driver record, ZIP code, etc. Overall, the average annual insurance rate offered for the model year, after considering the cheapest insurers, is $1,956. Erie offers the cheapest average monthly premium, $89, for the 2018 Lexus 300 model.

Lexus IS 300 2016 Model Year

On average, the 2016 Lexus IS 300 car model is going to cost you $1,674 per year. $78 offered by Erie is the average cheapest offer for the car model year.

Lexus IS 300 Safety Features

Lexus IS 300 has several built-in safety features that ensure the protection of passengers and fellow drivers. The standard safety features in Lexus IS 300 are:

• Driver Air Bag
• Head Air Bag in Front
• Back Head Airbag
• Airbag on the front side
• Airbag on the backside
• Four-wheel ABS
• Brakes on four wheels
• Brake Support
• Electronic Stabilization System
• Daylight Running Lamps
• Parental Control Locks
• Mirrors with integrated turn signals
• Traction management
• Headlights with Auto-Levelling Blind Spot Monitoring
• Warning for lane departure
• Alert for Cross-Traffic

Along with the above features, Lexus provides advanced safety features. These features are meant to make your favorite compact sedan safer. The features will be counted by the insurers, who will let them offer the cheapest Lexus IS 300 auto insurance quotes in the luxury sedan segment. The advanced safety features in Lexus IS 300 are:

• Pre-Collision System
• Lane Tracing Assist
• Automatic High Beam
• All-Speed Dynamic Radar Cruise Control with Curve Speed Management

Lexus IS 300 Safety Ratings

Lexus IS, in general, is well known for its safety ratings. NHTSA has given an overall 5-star safety rating for Lexus IS 300. Here is an overview of NHTSA safety tests and ratings on various parameters.

Ways to Save on Lexus IS 300 Car Insurance

Shop Around: Shop around every year to find the cheapest insurance company for your Lexus IS 300. The insurance rates on various models are revised every year. Compare the loyalty discount rate (if any) by the existing insurer and other bonuses offered by different insurance providers and choose the best and cheapest one.

Raise Deductibles: If the reasons for adverse events related to your car are lower. For example, if you are living in a safer neighborhood and also if you are maintaining low mileage, it is best to increase your deductibles. This step could save you large margins on Lexus IS 300 insurance costs. On the other hand, the payout from the insurers will be lower during the claim.

Leverage Discounts: Bundle all the existing policies with the current insurer, which might give you a discounted rate for Lexus IS 300 car insurance. You can also look for vehicle-specific discounts or welcome bonuses from a new car insurance company.

Limit Unnecessary Extras: Additional features like a power moonroof, heated seats, and leather upholstery will lead to a hike in your car insurance. Such additions raise the value of your car. Since the car already belongs to the luxury compact sedan segment, the addons will definitely increase your Lexus IS 300 insurance costs.

How Do I Find the Best Lexus IS 300 Car Insurance Rates?

Find the best Lexus IS 300 car insurance rates through different methods such as:

Visit the best comparison websites, such as Way.com, so that you can find quotes from the cheapest insurance companies for your Lexus IS 300. Get access to more than 140 leading car insurance providers across the US.

Direct insurer quotes can give you detailed insights into the exclusive discounts and region-based discounts you can get on the insurance quotes of your Lexus IS 300. Local agent or broker: The local agent or broker nearby can guide you through the benefits of selective car insurance providers. You might be able to find cheaper insurance companies with them. Since these agents are affiliated with a few insurers, there could be a cheaper solution for your Lexus IS 200 insurance requirements. Lexus IS 300-specific insurance: Such insurance policies exclusive to Lexus IS 300 can give you a cheap premium rate for the brand owners. Also, such insurance policies give special weightage to OEM parts coverage.

How to Get Lexus IS 300 Car Insurance with Way

Comparison shopping is the game's name when looking for savings on auto insurance. It works because each insurance provider employs a different algorithm to determine your rate. Therefore, the only method to discover the proper coverage at the best price is to compare quotes unless you can automatically detect the optimal algorithm for your car, age, zip code, etc.

Download the Way.com app for the best Lexus IS 300 insurance quotes that fit your requirements. You can instantly access Way's pool of 140+ top insurance providers by responding to a few short questions, and you can view rate comparisons in as little as 45 seconds.