Cheap Lexus IS Car Insurance in 2024 (Save Money With These 10 Companies)
Discover the best options for cheap Lexus IS car insurance, with top picks including Auto-Owners, Erie, and Allstate. Starting at a minimum monthly rate of $55/mo, these companies stand out for their competitive rates and comprehensive coverage options, making them ideal choices for car insurance solutions.
Free Auto Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
UPDATED: Jul 2, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jul 2, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
563 reviewsCompany Facts
Min. Coverage for Lexus IS
A.M. Best Rating
Complaint Level
Pros & Cons
563 reviews
1,814 reviewsCompany Facts
Min. Coverage for Lexus IS
A.M. Best Rating
Complaint Level
Pros & Cons
1,814 reviews
11,413 reviewsCompany Facts
Min. Coverage for Lexus IS
A.M. Best Rating
Complaint Level
Pros & Cons
11,413 reviews
When seeking affordable Lexus IS car insurance, selecting the best providers like Auto-Owners, Erie, and Allstate is crucial. This article explores key factors influencing insurance costs, from the impact of car model and driving history to the role of location and coverage options.
In this comprehensive article, we will explore the various aspects that impact the cost of insuring a Lexus IS, as well as provide useful tips for finding affordable car insurance options for your luxury vehicle.
Our Top 10 Company Picks: Cheap Lexus IS Car Insurance
Company Rank Monthly Rates Multi-Policy Discount Best For Jump to Pros/Cons
#1 $50 25% Budget-Friendly Auto-Owners
#2 $55 20% Reliable Coverage Erie
#3 $57 15% Customizable Plans Allstate
#4 $60 10% Comprehensive Service Amica
#5 $62 10% Military Families USAA
#6 $65 15% Personal Service Farmers
#7 $67 20% Customer Satisfaction Nationwide
#8 $70 10% Comprehensive Options Liberty Mutual
#9 $72 20% Family-Oriented American Family
#10 $75 15% Reliable Claims Travelers
Discover how these insights can help you secure comprehensive yet economical car insurance tailored to your needs.
Our free online comparison tool above allows you to compare cheap car insurance quotes instantly — just enter your ZIP code to get started.
Free Auto Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
#1 – Auto-Owners: Top Overall Pick
Pros
- Competitive Monthly Rates: Auto-Owners offers the lowest monthly rates starting at $50. Access comprehensive insights into our guide titled “Auto-Owners Insurance Review & Ratings.”
- High Multi-Policy Discount: Enjoy a substantial 25% discount when bundling multiple policies.
- Personalized Service: Known for providing excellent customer service tailored to individual needs.
Cons
- Limited Availability: Auto-Owners may not be available in all states, limiting accessibility.
- Coverage Options: While comprehensive, options for specialized coverage may be limited compared to larger insurers.
#2 – Erie: Best for Reliable Coverage
Pros
- Reasonable Rates: Starting at $55 per month, Erie offers competitive pricing.
- Strong Reputation: Known for reliable and consistent coverage. Learn more in our guide titled “Erie Insurance Review & Ratings.”
- Excellent Customer Service: Erie prioritizes customer satisfaction with personalized support.
Cons
- Regional Availability: Erie operates primarily in the Midwest and Northeast, limiting coverage area.
- Discounts: While offering solid discounts, they may not match the highest available from other insurers.
#3 – Allstate: Best for Customizable Plans
Pros
- Flexible Coverage Options: Allstate provides customizable plans to fit diverse needs.
- Digital Tools: Offers advanced digital tools for policy management and claims. Discover insights in our guide titled “Allstate Insurance Review & Ratings.”
- Nationwide Availability: Available across the United States, providing broad coverage options.
Cons
- Premium Pricing: Monthly rates start at $57, which may be higher compared to some competitors.
- Claim Processing: Claims processing times may vary, affecting overall customer satisfaction.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
#4 – Amica: Best for Comprehensive Service
Pros
- Comprehensive Coverage: Amica offers extensive coverage options tailored to customer needs.
- Customer Satisfaction: Known for high customer satisfaction ratings and reliable service.
- Financial Stability: Strong financial stability ensures reliable claims handling. Unlock details in our article called “Amica Car Insurance Discounts.”
Cons
- Cost: Starting at $60 per month, Amica’s rates may be higher for certain demographics.
- Limited Discounts: Offers fewer discount opportunities compared to larger insurers.
#5 – USAA: Best for Military Families
Pros
- Exclusive for Military Members: USAA provides specialized services tailored for military families.
- Affordable Rates: Competitive pricing starting at $62 per month. Discover insights in our article called “USAA Car Insurance Discounts.”
- Excellent Customer Service: Consistently receives high marks for customer satisfaction.
Cons
- Membership Requirements: Limited to military personnel, veterans, and their families.
- Coverage Limitations: Some coverage options may be less comprehensive compared to civilian insurers.
#6 – Farmers: Best for Personal Service
Pros
- Personalized Service: Farmers offers personalized attention and local agent support. Unlock details in our guide titled “Farmers Insurance Review & Ratings.”
- Variety of Discounts: Provides a range of discounts, including multi-policy and safe driver discounts.
- Additional Coverage Options: Offers additional coverage options like roadside assistance and rental reimbursement.
Cons
- Premium Costs: Rates start at $65 per month, which may be higher for certain demographics.
- Customer Satisfaction: Mixed customer satisfaction ratings compared to top competitors.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
#7 – Nationwide: Best for Customer Satisfaction
Pros
- Strong Customer Satisfaction: Nationwide consistently receives positive feedback for customer service.
- Multi-Policy Discounts: Offers substantial discounts for bundling policies. Check out insurance savings in our complete guide titled “Nationwide Insurance Review & Ratings.”
- Nationwide Availability: Available nationwide, ensuring broad coverage options.
Cons
- Premium Pricing: Starting at $67 per month, premiums may be higher compared to some competitors.
- Claims Processing: Some reports of slower claims processing times.
#8 – Liberty Mutual: Best for Comprehensive Options
Pros
- Comprehensive Coverage: Liberty Mutual offers a wide range of coverage options to meet diverse needs.
- Digital Tools: Provides advanced digital tools for policy management and claims. Access comprehensive insights into our article called “Liberty Mutual Review & Ratings.”
- Discount Opportunities: Offers various discounts, including for safe driving and bundling policies.
Cons
- Cost: Rates start at $70 per month, which may be relatively higher compared to other insurers.
- Customer Service: Mixed customer service reviews, with some reporting challenges in claims handling.
#9 – American Family: Best for Family-Oriented
Pros
- Family-Friendly Policies: American Family offers policies tailored to family needs. Read up on the “American Family Insurance Review & Ratings” for more information.
- Discount Programs: Provides a variety of discounts, including for loyalty and safe driving.
- Community Involvement: Actively involved in local communities, fostering a sense of trust and reliability.
Cons
- Premium Costs: Rates start at $72 per month, potentially higher for families with multiple vehicles.
- Coverage Options: Limited specialty coverage options compared to larger insurers.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
#10 – Travelers: Best forReliable Claims
Pros
- Strong Claims Reputation: Travelers is recognized for reliable and efficient claims processing. Delve into our evaluation of “Travelers Insurance Review & Ratings.”
- Discounts: Offers competitive discounts for policyholders, including for safe driving and home bundling.
- Nationwide Coverage: Available across the United States, providing extensive coverage options.
Cons
- Cost: Rates start at $75 per month, which may be on the higher end for some demographics.
- Policy Options: Some customers report limited options for customizing policies to specific needs.
Lexus IS Car Insurance Monthly Rates: Minimum and Full Coverage Comparison
When considering car insurance for a Lexus IS, understanding the cost associated with different coverage levels is crucial. The table below outlines the monthly rates from various providers for both minimum and full coverage options.
These rates can vary significantly based on the insurance company, with Auto-Owners offering the lowest rates at $50 for minimum coverage and $100 for full coverage, while Travelers presents the highest rates at $75 and $150 respectively. This variation underscores the importance of comparing quotes to find the best coverage that fits your budget and needs.
Lexus IS Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $57 $120
American Family $72 $145
Amica $60 $115
Auto-Owners $50 $100
Erie $55 $110
Farmers $65 $130
Liberty Mutual $70 $140
Nationwide $67 $135
Travelers $75 $150
USAA $62 $125
The rates for Lexus IS car insurance vary widely among providers depending on the coverage level selected. For minimum coverage, Auto-Owners offers the lowest monthly rate at $50, while Allstate and USAA follow closely at $57 and $62 respectively. For those opting for full coverage, Auto-Owners remains the most affordable option at $100 per month, significantly lower than Liberty Mutual’s $140 and Travelers’ $150. T
hese rates highlight the competitive pricing strategies of each insurer and emphasize the importance of selecting coverage that balances cost with comprehensive protection tailored to your driving habits and vehicle value. If you want to learn more about the company, head to our complete guide titled “Compare Car Insurance Quotes.”
Factors That Influence the Cost of Lexus IS Car Insurance
When determining the cost of insuring a Lexus IS, insurance providers take into account several key factors. These include:
- Car Model and Year: The specific model and year of your Lexus IS can affect insurance rates. Newer models may have higher premiums due to their higher repair costs.
- Driving Record: Your driving record plays a significant role in determining car insurance rates. If you have a history of accidents or violations, you may face higher premiums.
- Age and Gender: Younger drivers, particularly teenagers, are often charged higher insurance rates. Additionally, gender can also affect rates, with males statistically having higher rates than females.
- Location: Insurance rates can vary based on where you live. Urban areas, where there is a higher probability of accidents or thefts, may have higher premiums than rural areas.
- Coverage Limits and Deductibles: The coverage limits and deductibles you choose for your Lexus IS insurance can impact the cost. Higher coverage limits and lower deductibles generally lead to higher premiums.
- Safety Features and Anti-Theft Devices: Cars equipped with advanced safety features and anti-theft devices are usually considered less risky to insure. As a result, insurers may offer discounts on premiums.
- Mileage and Usage: How much you drive your Lexus IS and for what purpose (personal or business) can affect your insurance rates. The more you drive, the higher the risk of accidents and claims.
- Credit Score: Insurers often consider credit scores, as studies show that people with lower credit scores are more likely to file claims. Maintaining a good credit score can positively impact your premiums.
- Marital Status: Insurance providers may take into account your marital status when determining the cost of insuring a Lexus IS. Married individuals may be eligible for lower insurance rates compared to single individuals.
- Occupation: Your occupation can also influence the cost of Lexus IS car insurance. Certain professions may be considered less risky, resulting in lower premiums, while others may be associated with higher risk and higher premiums.
Understanding these factors can help Lexus IS owners make informed decisions to manage their insurance costs effectively. See more details on our article called “Occupation Car Insurance Discount.”
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Understanding the Insurance Requirements for Lexus IS Owners
Before delving deeper into the cost of insuring a Lexus IS, it’s important to understand the insurance requirements for Lexus IS owners. In most states, car insurance is legally required to cover liability for bodily injury and property damage resulting from an accident. The specific coverage limits can vary by state.
In addition to liability coverage, owners may also choose to purchase collision and comprehensive coverage. Collision coverage helps pay for damages to your Lexus IS in the event of an accident, regardless of who is at fault. Comprehensive coverage, on the other hand, protects against non-collision incidents like theft, vandalism, or natural disasters.
While collision and comprehensive coverage are optional, they are often recommended to ensure comprehensive protection for a luxury vehicle like the Lexus IS.
It’s worth noting that the cost of insurance for a Lexus IS can be influenced by various factors. These factors may include the driver’s age, driving history, location, and the specific model and year of the Lexus IS. Insurance providers may also consider the frequency of accidents and thefts involving the Lexus IS when determining the premium rates.
More information is available about this provider in our guide titled “Best Car Insurance for Drivers After an Accident in Vermont.”
Comparison of Car Insurance Rates for Different Lexus IS Models
It’s important to note that the cost of Lexus IS car insurance can vary by model and year. Generally, newer models of the Lexus IS may have higher insurance rates due to their higher market value and potentially higher repair costs. On the other hand, older models may have lower premiums.
To get an accurate estimate of the insurance rates for your specific Lexus IS model, it is recommended to obtain quotes from multiple insurance providers. This way, you can compare the rates and coverage options available to find the best insurance policy that suits your needs and budget.
Another factor that can affect the cost of car insurance for Lexus IS models is the driver’s age and driving history. Insurance providers often consider younger drivers or those with a history of accidents or traffic violations to be higher risk, resulting in higher premiums. On the other hand, drivers with a clean driving record and more experience may be eligible for lower insurance rates.
Read up on the “Best Car Insurance for 21-Year-Old Drivers” for more information.
In addition to the model, year, and driver’s profile, the location where the Lexus IS is primarily driven and parked can also impact insurance rates. Urban areas with higher rates of accidents or vehicle theft may have higher insurance premiums compared to rural areas with lower risk factors. It’s important to consider these geographical factors when estimating the cost of car insurance for your Lexus IS.
Tips for Finding Affordable Car Insurance for Your Lexus IS
While insuring a luxury vehicle like the Lexus IS may entail higher costs, there are several strategies you can employ to find affordable car insurance options:
- Shop Around: Take the time to gather quotes from multiple insurance providers. This will allow you to compare rates and coverage options to find the most affordable policy.
- Bundle Policies: Many insurance companies offer discounts when you bundle your Lexus IS car insurance with other policies, such as home or renters insurance.
- Consider Higher Deductibles: Opting for a higher deductible can lower your premiums. However, make sure you can afford to pay the deductible in case of an accident.
- Improve Your Credit Score: Maintaining a good credit score can positively impact your insurance premiums. Regularly check your credit report and take steps to improve your credit history.
- Take Advantage of Discounts: Inquire about the available discounts for your Lexus IS, such as those for safety features, anti-theft devices, or being a good student.
- Consider Usage-Based Insurance: Some insurers offer usage-based insurance programs where your premiums are based on your actual driving habits. If you’re a responsible driver, this can result in lower premiums.
- Maintain a Clean Driving Record: Avoiding traffic violations and accidents can help keep your car insurance premiums affordable. Drive responsibly and follow all traffic laws to maintain a clean driving record.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Exploring the Average Cost of Lexus IS Car Insurance Across Different States
The average cost of Lexus IS car insurance can vary significantly across different states. Factors such as state regulations, population density, and accident rates can contribute to these variations.
For instance, states with higher population densities and more traffic congestion, such as California or New York, may generally have higher insurance rates compared to less densely populated states.
Melanie Musson Published Insurance Expert
Additionally, each state has different legal requirements for car insurance coverage limits. These requirements can impact the overall cost of insuring a Lexus IS.
It is important to research the average cost of car insurance in your specific state to get a better understanding of what to expect for your Lexus IS.
Another factor that can affect the average cost of Lexus IS car insurance is the prevalence of car theft in a particular state. States with higher rates of car theft may have higher insurance rates to account for the increased risk of theft.
In addition to state-specific factors, individual factors such as age, driving record, and credit history can also impact the cost of car insurance for a Lexus IS. Younger drivers or those with a history of accidents or traffic violations may face higher insurance premiums. Discover more about offerings in our complete guide titled “How does the insurance company determine my premium?”
Ready to shop around for the best car insurance company? Enter your ZIP code below and see which one offers the coverage you need.
Frequently Asked Questions
What factors affect the cost of Lexus IS car insurance?
The cost of Lexus IS car insurance can be influenced by various factors such as the driver’s age, location, driving history, coverage options, deductible amount, and the model year of the vehicle.
For additional details, explore our comprehensive resource titled “What is the difference between a deductible and a premium in car insurance?”
Are there any specific safety features on the Lexus IS that can lower insurance premiums?
Yes, the Lexus IS is equipped with several advanced safety features such as lane departure warning, adaptive cruise control, and automatic emergency braking. These features may help lower insurance premiums as they reduce the risk of accidents.
Does the cost of Lexus IS car insurance vary depending on the model year?
Yes, the model year of the Lexus IS can impact insurance costs. Generally, newer models may have higher insurance premiums due to their higher value, while older models may have lower premiums.
Is it more expensive to insure a Lexus IS in certain locations?
Insurance rates can vary based on location. Factors such as population density, crime rates, and the frequency of accidents in a particular area can influence the cost of insuring a Lexus IS.
Can I get discounts on Lexus IS car insurance?
Yes, insurance providers often offer various discounts that can help reduce the cost of insuring a Lexus IS. These discounts may include safe driver discounts, multi-policy discounts, good student discounts, and more. It’s recommended to inquire with insurance companies to explore available discounts.
To find out more, explore our guide titled “College Graduate Car Insurance Discount.”
Do Lexus cars hold their value?
Lexus’ success stems from various factors, with one standout being its ability to maintain high resale value. Unlike many luxury cars that depreciate quickly post-purchase, Lexus vehicles are known for retaining their desirability and market worth over time.
Why should I buy a Lexus car?
Lexus combines unique design, luxury, comfort, and exhilarating performance with the advantages of strong resale value, vehicle dependability, and durability. Lexus appeals not just as a luxury option but as a preferred choice for those who appreciate luxury’s enduring value over time.
Is Lexus a luxury car?
Lexus is the luxury vehicle division of Toyota Motor Corporation, a leading Japanese automaker. It is renowned globally, marketed in over 90 countries and territories, and holds the distinction of being Japan’s top-selling brand of premium automobiles.
Are Lexus cars a good investment?
Lexus is the luxury vehicle division of Toyota Motor Corporation, a leading Japanese automaker. It is renowned globally, marketed in over 90 countries and territories, and holds the distinction of being Japan’s top-selling brand of premium automobiles.
To learn more, explore our comprehensive resource on “Full Coverage Car Insurance: A Complete Guide.”
Is Lexus a long lasting car?
Typically, vehicles from this luxury marque can often exceed 250,000 to 300,000 miles. In contrast to other brands where longevity may average around 150,000 miles, Lexus vehicles extend this expectation significantly, enabling drivers to maximize the vehicle’s lifespan before considering replacement.
Which is better, Lexus or BMW?
Lexus is not just a more reliable brand but also boasts lower average monthly maintenance expenses compared to BMW. Lexus owners typically spend around $45 to $55 per month on maintenance, whereas BMW owners report spending between $83 and $142 per month to keep their vehicles in good condition.
Find cheap car insurance quotes by entering your ZIP code below.
How long will Lexus engine last?
The straightforward response is that the longevity hinges on the engine’s maintenance. Due to the high quality of Lexus engines, they typically endure well beyond 100,000 miles with minimal need for significant repairs before reaching that milestone.
Can a Lexus last 20 years?
With regular upkeep, a Lexus vehicle typically remains operational for approximately 250,000-300,000 miles, equating to an average lifespan of 17-20 years. In contrast, most cars generally last between 150,000-200,000 miles.
Learn more by reading our guide titled “The Most and Least Car-Dependent States.”
Why do people buy Lexus?
Lexus vehicles are renowned for their outstanding safety, performance, and luxurious amenities, appealing to drivers seeking top-tier quality.
Is the Lexus IS250 fuel efficient?
The Lexus IS 250 comes in various configurations and body styles, powered by premium unleaded petrol (PULP). Its estimated fuel consumption begins at 9.2 liters per 100 kilometers for sedan models using PULP, based on the most recent manufacturing year.
What cars are better than a Lexus?
The Lexus IS 250 comes in various configurations and body styles, powered by premium unleaded petrol (PULP). Its estimated fuel consumption begins at 9.2 liters per 100 kilometers for sedan models using PULP, based on the most recent manufacturing year.
Can Lexus use Toyota parts?
However, Toyota owns Lexus, and many Lexus models are compatible with Toyota parts and vice versa. It’s important to note that genuine Toyota parts cannot be purchased from a Lexus dealer, and genuine Lexus parts cannot be bought from a Toyota dealer.
Access comprehensive insights into our guide titled “How can I find car insurance policies that include coverage for custom or aftermarket parts and accessories?”
Does Lexus use Toyota engines?
While Lexus cars feature distinct interior and exterior designs compared to Toyotas, they typically utilize Toyota engines.
Which one is the cheapest Lexus?
According to our assessment of 2024 new vehicle starting prices, along with considerations of reliability, resale value, and safety, the most affordable Lexus model is the Lexus UX 200. It starts at $33,450, with the next least expensive option being the UX 250h at $35,540.
What is the most sold Lexus?
The Lexus RX is the most sold Lexus.
Get the right car insurance at the best price — enter your ZIP code below to shop for coverage from the top insurers.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
