Lexus Car Insurance: Which Model and Insurer Are Cheapest?

Lexus Car Insurance: Which Model and Insurer Are Cheapest?

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The average price to insure a new Lexus is $4,650 per year for a full-coverage policy, based on our analysis of 10 models sold in 2021. However, insurance rates vary based on the model and insurer.

For example, the cheapest Lexus to insure, the NX SUV, costs $2,946 per year to insure — less than half the cost of Lexus' high-end LC coupe.

State Farm offers the cheapest insurance for Lexus cars, at an average price of $2,426 per year for full-coverage. Meanwhile, Allstate is the most expensive, at $9,023.

Compare Lexus insurance costs by model and insurance company:


Lexus insurance rates by model

The Lexus NX, a compact SUV, is the cheapest Lexus to insure — a full-coverage policy costs $2,946 per year, on average. On the other hand, the Lexus RX is the most expensive Lexus to insure, $7,198 per year.

Cost to insure a Lexus by model
Currently insured?
Rank
Model
Monthly cost
Annual cost
MSRP (latest model)
1NX$246$2,946$39,025
2ES$282$3,388$41,875
3IS$301$3,617$39,850
4RC$313$3,751$43,545
5GX$336$4,036$56,700
6LX$367$4,408$88,245
7LS$416$4,988$76,000
8UX$431$5,170$34,225
9LC$583$6,999$94,125
10RX$600$7,198$46,645
N/A*GS$312$3,743Discontinued

The Lexus GS was discontinued after the 2020 model year and so is excluded from our ranking.

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Your insurance rates are based on a number of factors beyond what type of car you own, including your age, driving history, where you live and the coverage limits you choose. We always recommend comparing quotes from multiple insurance companies to find the best policy and price for you.


Lexus insurance rates by company

State Farm offers the most affordable car insurance for Lexus owners — $2,426 per year for full coverage on a 2021 model. That's 47% less than the average rate we found overall ($4,650), and 73% less than the most expensive insurer, Allstate ($9,023).

Graph showing the average cost of Lexus insurance by company
Currently insured?
Insurer
Monthly cost
Annual cost
State Farm$199$2,386
USAA$220$2,641
Nationwide$277$3,319
Average$381$4,568
Geico$413$4,961
Progressive$430$5,164
Allstate$745$8,934

Quotes are based on a full-coverage policy for a 30-year-old man with a clean driving record who lives in Texas.

Is it expensive to insure a Lexus?

Yes, a Lexus is generally fairly expensive to insure. We found a typical insurance price of $4,650 across all currently available models. That's about 10% more than the typical cost to insure a Mercedes-Benz. Lexus is owned by Toyota, but a Lexus costs about twice as much to insure as a Toyota-branded vehicle ($2,132 per year, on average).

Luxury cars generally have higher insurance costs than less expensive cars. One reason for this is because repair costs after a crash tend to be higher: the bumper of a $56,000 Lexus GX costs more than the bumper on a typical Kia.

Luxury cars can be likely targets for theft, as well. And higher-priced vehicles often have more powerful engines, which usually results in higher insurance rates.

However, high insurance costs for cars like Lexus vehicles are sometimes mitigated by safety features that haven't made it to less expensive models, such as sensors that detect turns in the road or oncoming traffic.


Lexus ES insurance rates

The typical price to insure a new Lexus ES is $3,388 per year, or $282 per month. That's 28% less than the average price across all Lexus models, and the second-cheapest Lexus to insure, behind only the NX SUV.

The best insurance rate we found for a Lexus ES sedan was at State Farm, where the typical price is $1,865 per year.

Model year
Annual insurance cost
Monthly insurance cost
2021$3,388$282
2020$3,443$287
2019$2,813$234
2018$3,693$308
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Lexus GX insurance costs

The average cost to insure the Lexus GX SUV is $4,036 per year. That's $614 less than the average cost we found across all Lexus vehicles, and the second-cheapest Lexus SUV to insure, behind the entry-level NX.

We found that newer GX models are actually cheaper to insure than older models. A 2021 GX is 37% cheaper to insure than the 2018 model.

Model year
Annual insurance cost
Monthly insurance cost
2021$4,036$336
2020$4,496$375
2019$4,119$343
2018$6,405$534
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Lexus IS insurance prices

The average cost of insurance for a new Lexus IS is $3,617 per year. While that's 22% cheaper than the average across all Lexus models, it's not the cheapest Lexus sedan to insure — that's the slightly larger ES sedan.

Larger cars sometimes have lower insurance rates because they provide more protection to their occupants in the event of a crash.

Model year
Annual insurance cost
Monthly insurance cost
2021$3,617$301
2020$3,908$326
2019$6,822$568
2018$4,528$377
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Lexus LC insurance costs

At an average insurance rate of $6,999 per year, the Lexus LC coupe is among the most expensive Lexus models to insure. The sporty coupe is Lexus' fastest car, with a 0-60 time of just 4.4 seconds. It's also the most expensive Lexus to buy, with a starting MSRP of $94,125.

These factors, combined with the fact that the LC is a two-door coupe, make it very expensive to cover — even compared to other Lexus vehicles. Cars that are smaller, faster and more expensive generally have higher insurance rates because they are more likely to be involved in a crash and have a higher typical claim cost.

Model year
Annual insurance cost
Monthly insurance cost
2021$6,999$583
2020$5,766$480
2019$3,307$276
2018$3,976$331
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Lexus LS insurance rates

The typical price of insurance for a Lexus LS sedan is $4,988 per year. The LS is Lexus' most expensive sedan to buy (MSRP $76,000), and it's the most expensive sedan to insure, too. On average, the cheaper IS and ES sedans cost about 46% less to buy and 30% less to insure.

However, the cost to insure an LS tends to drop for older models. A 2018 LS costs $1,003 less per year to insure than a new model.

Model year
Annual insurance cost
Monthly insurance cost
2021$4,988$416
2020$2,925$244
2019$3,508$292
2018$3,985$332
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Lexus LX insurance prices

A Lexus LX costs $4,408 per year to insure, on average. The premium full-size SUV is actually 5% cheaper than average to insure among all Lexus vehicles, though it's about $400 more to insure than its closest sibling, the Lexus GX.

Model year
Annual insurance cost
Monthly insurance cost
2021$4,408$367
2020$3,445$287
2019$3,317$276
2018$3,442$287
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Lexus NX insurance rates

At just $2,946 per year, the Lexus NX SUV is the cheapest Lexus model to insure. That's 37% less than the average rate we found across the entire brand, and $2,225 cheaper than the Lexus UX. While both are smaller SUVs with relatively affordable sub-$40,000 MSRPs, The NX's larger size may help explain why its rates are so much lower.

The cost of insurance for a new Lexus RX is actually substantially cheaper than for older models. Insurance rates for a 2021 RX are nearly $4,000 less expensive than rates for a 2018 model.

Model year
Annual insurance cost
Monthly insurance cost
2021$2,946$245
2020$4,206$351
2019$4,306$359
2018$6,725$560
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Lexus RC insurance costs

Lexus' more affordable coupe, the RC, costs an average of $3,751 per year to insure. That's 19% less than the average cost to insure a Lexus.

The RC coupe is much less expensive to insure than Lexus' more powerful model, the LC. The RC has a much smaller price tag, at $43,545, along with a less powerful engine. Faster cars tend to have more expensive insurance because they're more likely to be involved in a serious accident.

Model year
Annual insurance cost
Monthly insurance cost
2021$3,751$313
2020$4,177$348
2019$6,998$583
2018$4,758$397
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Lexus RX insurance rates

The Lexus RX luxury SUV is the most expensive Lexus model to insure, with an average annual rate of $7,198 for full coverage. That's 55% more expensive than the average across all Lexus models, and more than $2,000 higher than its closest sibling, the NX.

However, drivers can save substantially on insurance by going with an older model of RX. We found average rates for the 2019 model to be just $3,272 — less than half the price of a new model.

Model year
Annual insurance cost
Monthly insurance cost
2021$7,198$600
2020$6,622$552
2019$3,272$273
2018$4,227$352
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Lexus UX insurance prices

The Lexus UX is the cheapest Lexus you can buy, but it's not the cheapest to insure. The average rate for Lexus' entry-level crossover SUV is $5,170 per year. That's about 11% more expensive than the average price across all Lexus models.

However, older UX models tend to have much more affordable rates. A 2019 model (the first year the UX was available) has a typical insurance price of $3,627, and the 2020 model is under $3,000.

Model year
Annual insurance cost
Monthly insurance cost
2021$5,170$431
2020$2,991$249
2019$3,627$302
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Lexus GS insurance costs

The typical price of insurance for the newest model of the Lexus GS is $3,743 per year for the 2020 model. The GS was discontinued after the 2020 model year, but it may still be available at some dealerships.

Compared to the average cost of insuring a 2020 Lexus, the GS is about 10% cheaper — but not as affordable as the LS or UX.

Model year
Annual insurance cost
Monthly insurance cost
2020$3,743$312
2019$4,295$358
2018$3,324$277

The GS model was discontinued after the 2020 model year, so 2021 rates are not available.

Compare Rates

The cheapest insurer we found for a GS is State Farm, where the typical price of $2,137 is 43% less than the average across all insurers.


Methodology

To calculate the average cost of insurance for a Lexus, we gathered thousands of quotes for a sample driver living in Texas: a 30-year-old man with no recent accidents and average credit. Rates are based on a full-coverage policy with the following limits:

Coverage
Limits
Bodily injury liability$50,000 per person/$100,000 per accident
Property damage liability$25,000 per accident
Uninsured/underinsured motorist bodily injury$50,000 per person/$100,000 per accident
Comprehensive and collision$500 deductible

Lexus stopped making the Lexus GS after the 2020 model year. As a result, we excluded it when calculating the average cost to insure a Lexus.

This analysis used insurance rate data from Quadrant Information Services. The quotes referenced were publicly sourced from insurer filings and should only be used for comparison purposes. Actual rates for your Lexus model may differ.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

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