Lexus ES 350 Car Insurance Rates for 2023

How much does Lexus ES 350 insurance cost? Find the average cost per month and year along with comparisons to the rest of the midsize luxury car market.

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  • Lexus ES 350 insurance costs an average of $1,952 per year, or around $163 per month for full coverage.
  • The base trim level has the cheapest Lexus ES 350 insurance at around $1,860 per year. The most expensive model to insure is the Ultra Luxury at $2,014 per year.
  • The Lexus ES 350 is one of the cheaper midsize luxury cars to insure, costing $350 less per year on average when compared to other midsize luxury cars.

How much does Lexus ES 350 car insurance cost?

Lexus ES 350 insurance costs an average of $1,952 per year for a full coverage car insurance policy. Depending on the trim level being insured, monthly car insurance cost for a 2023 Lexus ES 350 ranges from $155 to $168.

From the standpoint of individual coverages, liability/medical (or PIP) coverage costs approximately $496 a year, comprehensive (or other-than-collision) coverage is approximately $468, and the remaining collision insurance is approximately $988.

The chart below details how the average Lexus ES 350 insurance cost changes based on the age of the rated driver and a range of policy deductibles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 Lexus ES 350 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Lexus ES 350 trim levels.Data last updated on August 11, 2023
Lexus ES 350 Car Insurance Cost Summary
2023 Lexus ES 350 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,258$272
$500$3,910$326
$250$4,600$383
30$1,000$1,712$143
$500$2,072$173
$250$2,448$204
40$1,000$1,622$135
$500$1,952$163
$250$2,298$192
50$1,000$1,480$123
$500$1,778$148
$250$2,090$174
60$1,000$1,458$122
$500$1,748$146
$250$2,056$171

The chart above shows average car insurance rates by age group for drivers that have good driving records. Obviously, not everyone has a spotless MVR report, so the chart below compares average rates using not only different driver ages but also different risk profiles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Lexus ES 350 with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Lexus ES 350 trim levels.Data last updated on August 12, 2023
Lexus ES 350 Insurance Cost by Risk Profile
2023 Lexus ES 350 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,468$372
Safe Driver Age 20$3,910$326
At-fault Accidents Age 40$2,750$229
Low Deductibles Age 40$2,600$217
Safe Driver Age 30$2,072$173
Safe Driver Age 40$1,952$163
Safe Driver Age 50$1,778$148
Safe Driver Age 60$1,748$146
Discount Rate Age 40$1,624$135
High Deductibles Age 40$1,622$135

The average rates in the chart above definitely show that maintaining a clean driving record results in lower car insurance rates. The 30-year-old high-risk driver rate could result from a DUI or reckless driving charge, or simply from too many speeding tickets and at-fault accidents.

The list below details other examples of situations that can affect the price you pay to insure a Lexus ES 350.

  • Young males pay a lot more for auto insurance. For a 2023 Lexus ES 350, a 20-year-old man will have an average rate of $3,910 per year, while a 20-year-old female will get a rate of $2,876, a difference of $1,034 per year in the women’s favor by a large margin. But by age 50, male driver rates are $1,778 and rates for female drivers are $1,744, a difference of only $34.
  • The cost of teen driver insurance is expensive. Average rates for full coverage ES 350 insurance costs $6,904 per year for a 16-year-old driver, $6,506 per year for a 17-year-old driver, and $6,094 per year for an 18-year-old driver.
  • Violations and tickets cost more than a fine. To earn the best ES 350 insurance rates, it’s necessary to be an excellent driver. Just a couple of traffic citations have the ramification of raising insurance policy rates by as much as $514 per year. Major misdemeanors like DWI or reckless driving could raise rates by an additional $1,814 or more.
  • High-risk drivers pay a lot more for insurance. For a 50-year-old driver, having to buy a high-risk insurance policy could raise rates by $2,310 or more per year.
  • More policy discounts mean cheap Lexus ES 350 insurance rates. Discounts may be available if the policyholders work in certain occupations, are accident-free, are senior citizens, are military or federal employees, or other policy discounts which could save the average driver as much as $328 per year on the cost of insuring a Lexus ES 350.
  • The higher the deductibles, the lower the cost. Boosting your physical damage deductibles from $500 to $1,000 could save around $330 per year for a 40-year-old driver and $652 per year for a 20-year-old driver.
  • Choosing a low deductible will increase insurance policy costs. Decreasing your policy deductibles from $500 to $250 could cost an additional $346 per year for a 40-year-old driver and $690 per year for a 20-year-old driver.

The following table shows the average ES 350 car insurance premiums for the 2013-2017 model years and for various driver ages.

Lexus ES 350 Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Lexus ES 350$3,910$1,952$1,748
2022 Lexus ES 350$4,008$1,992$1,786
2021 Lexus ES 350$3,662$1,828$1,640
2020 Lexus ES 350$3,616$1,802$1,616
2019 Lexus ES 350$3,466$1,728$1,548
2018 Lexus ES 350$3,424$1,702$1,526
2017 Lexus ES 350$3,272$1,630$1,464
2016 Lexus ES 350$2,708$1,362$1,220
2015 Lexus ES 350$2,784$1,400$1,254
2014 Lexus ES 350$2,898$1,450$1,300
2013 Lexus ES 350$2,708$1,354$1,218

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 11, 2023
Lexus ES 350 Insurance Rates by Model Year

Not only does the year of the vehicle impact the cost of car insurance as shown by the above table, but the trim level and amount of optional packages added to the vehicle can also have a significant impact on the cost of a car insurance policy.

The table below details the different trim levels available on the 2023 Lexus ES 350 and the cost of insurance per month, every six months, and per year.

2022 Lexus ES 350 Insurance Cost by Trim Level
Lexus ES 350 Trim Level Annual Policy Six-Month Policy Per Month
Sedan$1,902$951$159
F Sport Sedan$1,994$997$166
Luxury Sedan$2,010$1,005$168
Ultra Luxury Sedan$2,068$1,034$172

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Lexus ES 350, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 11, 2023
2022 Lexus ES 350 Insurance Cost by Trim Level

As shown in the table, the general rule is as the cost of the vehicle increases, the cost to insure it also increases. For the Lexus ES 350, insurance rates are cheapest for the base model which has an MSRP of $42,490 and the most expensive on the Ultra Luxury model, which has an MSRP of $51,280.

Lexus ES 350 vs. midsize luxury car segment

The Lexus ES 350 ranks second out of 38 total vehicles in the 2023 midsize luxury car category for car insurance affordability. The ES 350 costs an average of $1,952 per year to insure and the segment median cost is $2,302 annually, a difference of $350 per year.

When compared to top-selling vehicles in the midsize luxury car class, insurance rates for a Lexus ES 350 cost $228 less per year than the BMW 530i, $574 less than the Infiniti Q50, $80 less than the Mercedes-Benz CLA250, and $270 less than the Audi A6.

The table below shows how average ES 350 insurance rates compare to the entire midsize luxury car class for insurance affordability.

Insurance Cost Comparison: Lexus ES 350 vs Midsize Luxury Cars
Rank Make/Model Insurance Cost Difference
1Cadillac CT5$1,948-$4
2Lexus ES 350$1,952--
3Lexus ES 250$1,966$14
4Lexus RC 300$1,970$18
5Mercedes-Benz AMG CLA35$1,974$22
6Audi A3$1,980$28
7Mercedes-Benz AMG CLA45$2,018$66
8Mercedes-Benz CLA250$2,032$80
9Lexus IS 300$2,040$88
10Jaguar XF$2,042$90
11Audi S4$2,084$132
12BMW i4$2,096$144
13Mercedes-Benz E350$2,110$158
14Lexus ES 300h$2,138$186
15BMW 530i$2,180$228
16Audi A6$2,222$270
17Audi S5$2,226$274
18BMW 540i$2,230$278
19BMW 430i$2,266$314
20Lexus IS 500$2,272$320
21Mercedes-Benz E450$2,292$340
22Genesis G80$2,298$346
23Mercedes-Benz CLS450$2,358$406
24Mercedes-Benz EQE 350$2,374$422
25Audi RS 5$2,380$428
26BMW 530e$2,396$444
27Audi S6$2,416$464
28Mercedes-Benz AMG C43$2,420$468
29BMW M440i$2,424$472
30Mercedes-Benz EQE 500$2,428$476
31Audi A7$2,522$570
32Infiniti Q50$2,526$574
33Lexus LC 500h$2,710$758
34BMW M550i$2,714$762
35Tesla Model S$2,778$826
36Audi S7$2,796$844
37BMW M5$2,876$924
38BMW M8$3,034$1,082

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on August 11, 2023
Insurance Cost Comparison: Lexus ES 350 vs Midsize Luxury Cars