Lexus IS 300 car insurance: cost and quotes

How much does it cost to insure a Lexus IS 300?

On average, Lexus IS 300 car insurance costs $276 per month for full coverage and just $67 per month for state minimum coverage. Owners with full coverage will typically pay around 24 percent more for coverage than the national average, according to data from Quadrant Information Services.

Like most luxury cars, the Lexus IS 300 comes with higher ownership costs due to the more expensive build quality and components that go into the vehicle. From high-end finishes like synthetic luxury upholstery and standard driver aids like forward collision mitigation to optional upgrades like the Mark Levinson Premium Audio package, the IS 300's luxury features add to the overall cost to repair — and, in turn, to insure — your car.

Cheapest car insurance companies for a Lexus IS 300

No single insurance company offers the lowest rates for all Lexus IS 300 owners. Because insurers base premiums on a wide range of rating factors beyond your car's make and model, data points like your age or years of driving experience, driving record, location and even credit history may play a bigger role in determining the best fit for you in terms of price.

How much does it cost to insure a Lexus IS 300?

To help you start your search for affordable Lexus insurance, Bankrate analyzed average premium data from Quadrant Information Services to find the major insurers with the lowest average rates for a Lexus IS 300 owner with a standard clean driving profile.

2023 Lexus IS 300 car insurance premium by carrier

Other car insurance coverage for a Lexus IS 300

Every driver's insurance needs are a little different, depending on a wide range of factors. Do you own your car outright, or are you still held to the insurance requirements set by a lender or leasing company? Do you live in an area with a lot of heavy traffic or uninsured drivers? Do you rely on your car for a long daily commute, or do you have the option to use public transportation for some routine trips?

You may want to speak with a licensed insurance professional to determine your exact insurance needs. Consider adding some of the following types of coverage to your policy:

• High liability limits: Sticking to the minimum liability limits set by your state's laws may keep your costs low, but it's an easy way to leave yourself underinsured. Consider the full value of the assets your liability policy needs to cover and ask about raising your liability limits to protect that amount.
• Gap insurance or new car replacement: If you bought your Lexus new, consider adding a product like gap insurance to your policy to protect your investment if the vehicle is totaled while you still have a large outstanding loan balance.
• Uninsured/underinsured motorist coverage: Drivers in areas with a high number of uninsured drivers (an increasingly large portion of the country) may want to make sure that they have uninsured/underinsured motorist coverage on their policy to protect against losses caused by drivers without insurance or those with insufficient liability coverage to pay for all your expenses.

How to get a Lexus IS 300 car insurance quote

You can get an insurance quote for your car online, over the phone or in person, depending on the insurer. If you're in the market for a new vehicle, comparing quotes before you sign on the dotted line can help you determine how different models would fit into your budget. Here’s a step-by-step guide to gathering and comparing quotes:

• Gather personal details: You’ll likely be asked to provide your name, address, date of birth and driver’s license number, as well as the make, model and year of your car — and potentially the vehicle identification number (VIN). If you haven't purchased a car yet, you may be able to get sample quotes by providing an agent with the make and model.
• Use online quote tools: To expedite the process of shopping around, you might consider using comparison websites or apps that allow you to get quotes from multiple insurers at once. Alternatively, go directly to insurance company websites and use their online quote tools to receive personalized quotes.
• Provide driver details and mileage: You could be asked for specific details about your vehicle, including add-on features or modifications. You might also need to provide your average annual mileage and how the vehicle is primarily used (e.g., for business purposes or personal use). Additionally, you’ll need to provide accurate information about all drivers who will be covered by the policy, including their driving history, age and relationship to you.
• Review quotes: Compare the quotes you receive, paying attention to coverage options, limits, deductibles and overall cost. Insurance experts also recommend reviewing customer service scores, financial strength ratings, digital tools and customer reviews to get a holistic view of how a carrier will meet your needs.
• Select carrier and apply: Choose the insurance policy that best fits your needs and budget. Complete the application process by providing any additional required information and making your first premium payment.

Frequently asked questions

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.

If otherwise specified, the base profile has been modified with the following driver characteristics: