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How Much is Lexus Car Insurance?

Written by Elizabeth Rivelli

Reviewed by Alyssa DiCrasto

Last updated: February 26th, 2024

Car insurance for a Lexus ranges from $2,200 – $2,520 per year on average. However, you may pay more or less for car insurance depending on the year, model and trim level of your Lexus as well as personal factors like where you live and your driving record. 

What does it cost to insure my Lexus?

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Car insurance for a Lexus

Lexus is a popular luxury vehicle brand owned by Toyota. Lexus offers a diverse lineup of models, from high performance sports cars to full-sized SUVs with off-road capabilities. It’s estimated that there were more than 286,000 Lexus vehicles sold in North America in 2022. 

If you own a Lexus or are thinking about buying one, it’s important to understand the cost of car insurance. Because Lexus is a luxury brand that manufactures high value vehicles, Lexus car insurance premiums can be more expensive than other makes and models. 

In this article, we’ll look at average Lexus insurance costs and highlight which car insurance companies are best for a Lexus. 

How much is insurance on a Lexus?

The cost of car insurance on a Lexus depends on a variety of different factors. The make and model year are two of the biggest. Most brand-new Lexus models have more expensive car insurance premiums than used Lexus vehicles. Additionally, some models are costlier to insure than others.

There are also many personal factors that insurance companies consider when you apply for auto insurance. Your age, location, credit score, claim history, and driving record are a few of the criteria that can impact your rate.

Lastly, your policy preferences will affect the cost of your car insurance. Your coverage limits, coverage types, and deductibles will contribute to the overall cost of your premium. Choosing higher coverage limits will result in a higher premium, but picking a high deductible will lower your rate.

You can take our short quiz to see how much you can expect to pay to insure your Lexus.

Lexus insurance rates by model

Before you purchase a Lexus, it’s helpful to get car insurance quotes for the specific model you’re looking at. Based on our analysis of recent rate data, car insurance rates can vary significantly depending on the type of Lexus you own. We found that the Lexus NX has the lowest rates and the Lexus ES has the highest rates among Lexus base models. 

Here is the average cost of car insurance for some of the most popular 2022 Lexus models:

Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

These rates are for the base trim level. Your rates will vary based on the model year and trim level of your Lexus, as well as personal factors like where you live and you driving record. 

Insurance for popular Lexus models

Lexus NX

The Lexus NX is a small SUV with high-tech features, a luxury interior, and several trim levels. The 2024 Lexus NX 250 has an MSRP of $40,305, but there are other NX models available with higher horsepower and a higher price tag. 

See how much it costs to insure a Lexus NX:

Lexus RX

The Lexus RX is considered a luxury crossover, with impressive performance features and excellent cargo space. The latest Lexus RX 350 model starts at $49,150. 

See how much it costs to insure a Lexus RX:

Lexus ES

The Lexus ES is an AWD midsize sedan with a powerful 203-horsepower four-cylinder engine. The base trim level Lexus ES 250 starts at $43,190, but there are several other models available with more capabilities and features. 

See how much it costs to insure a Lexus ES:

Cheapest car insurance companies for Lexus

There’s no single best car insurance company for all Lexus vehicles. The best car insurance company for you depends on your coverage needs, your budget, and your vehicle type. Based on our evaluation, here are the best and cheapest insurance companies for popular Lexus cars: 

  • Lexus NX: Erie, Progressive, and American Family 
  • Lexus RX: Erie Insurance, Nationwide, and State Farm 
  • Lexus ES: Progressive, Erie, and Auto-Owners 
progressive insurance
American Family Insurance
State Farm Insurance

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How much should I expect to pay to insure my Lexus

Personalized rate estimates at the top insurance companies in your state

Your rates will vary based on where you live, your age, and other factors like your driving record

Lexus gap insurance

If you lease or finance a Lexus through a dealership, you will have the option to purchase Lexus gap insurance. Gap insurance, which stands for guaranteed asset protection, applies if your car is damaged or stolen, and is declared a total loss.

This policy will pay the difference between your car’s diminished value and the amount you still owe on the vehicle’s lease or auto loan. Lexus gap insurance can also cover up to $1,000 of your auto insurance deductible. 

Does insurance go up for luxury vehicles?

Car insurance premiums are usually more expensive for luxury vehicles. Luxury cars often have a higher value than other cars, which means they cost more to replace. Depending on the brand, luxury cars might also have more expensive parts or specialty parts, making them more expensive to repair after an accident or other covered loss. 

 However, the cost of luxury car insurance depends on factors besides the make and model of your vehicle. To find the most affordable car insurance for your situation, you should compare personalized rate quotes from several insurance companies.  

Frequently asked

Is it expensive to insure a Lexus?

It can be expensive to insure a Lexus, but it depends on the model, your personal profile, and your policy preferences. For example, a state minimum coverage policy will be much cheaper than a full coverage policy on the same Lexus vehicle.

Is Lexus ES 350 expensive to insure?

A Lexus ES 350 will likely have higher car insurance premiums than lower-value vehicles. The only way to know exactly how much you’ll pay for Lexus ES 350 insurance is to get a personalized rate quote.

Are Toyotas expensive to insure?

Toyota, which is Lexus’ parent company, manufactures less expensive vehicles that don’t fall under the “luxury” category. As a result, Toyotas are usually less expensive to insure than Lexus models. However, some Toyota models might still be expensive to insure, such as cars with higher MSRPs or hybrid vehicles.

Why is luxury car insurance so expensive?

Luxury cars have higher insurance premiums because they are more valuable than other vehicles. They might also have higher repair costs compared to economy cars. Because insurance companies need to provide more coverage for luxury cars, the insurance premiums are typically higher.

Is a Lexus more expensive to insure?

A Lexus vehicle is more expensive to insure than many other cars. However, the cost of Lexus insurance depends on many factors besides the specific model. Additionally, most insurers offer discounts and other ways to save money on your Lexus insurance policy.


Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive. 

For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score. We adjusted this profile by vehicle make, model, trim, and year to determine the rates you see on this page.

These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile. 

About Rate Retriever

At Rate Retriever, our mission is to make the way you shop for insurance transparent and fair through user-friendly tools that respect your privacy and deliver reliable, comprehensive results 

So we took everything we hated about comparing insurance quotes online – the spam, the long questionnaires, the limited choices, the inaccuracy of quote prices – and threw it out the window, favoring a short form that more accurately estimates what you’ll pay at each of the top insurance providers near you. 

Rate Retriever is an independent company that is not owned by an insurance provider, nor do we provide insurance ourselves. This independence allows us to be your free and impartial insurance research tool, helping you make the best decisions for your insurance needs.  

We may earn a commission when you click one of the links or call one of the providers listed on our site; however, we do not allow our partnerships to influence which information we provide.