- Lexus IS 300 car insurance costs an average of $1,956 per year, $978 for a 6-month policy, or around $163 per month.
- With the cheapest car insurance rates, the IS 300 Rear Wheel Drive model costs an average of $1,846 per year to insure.
- At the high end, the IS 300 F Sport AWD is the most expensive to insure at $2,032 for an annual policy.
- As one of the cheaper midsize luxury cars to insure, the Lexus IS 300 costs $372 less per year on average to insure when compared to the other midsize luxury cars.
How much does Lexus IS 300 car insurance cost?
The average driver should plan on paying an average of $1,956 annually for full coverage to insure a Lexus IS 300. Depending on the trim level being insured, monthly car insurance for a 2024 Lexus IS 300 costs from $154 to $169.
When split out by coverage type, comprehensive coverage costs approximately $546 a year, liability and medical payments insurance will cost around $474, and the remaining collision insurance costs an estimated $936.
The rate chart below demonstrates how Lexus IS 300 insurance cost can change depending on driver age and the policy deductibles chosen. Insurance rate averages vary from the lowest price of $1,344 per year for a driver age 60 with $1,000 deductibles to the highest rate of $4,578 each year for a driver age 20 with $250 comprehensive and collision deductibles.
The overall average rate in the chart above is the $500 deductible policy for a 40-year-old driver which costs $1,956 per year, or $163 per month. For the same deductible level, cost ranges from $1,616 for a 60-year-old driver to $3,890 for a 20-year-old driver.
The data below shows average insurance cost data for a Lexus IS 300 for the 2016 to 2024 model years.
| Model Year and Vehicle | Annual Premium | Cost Per Month |
|---|---|---|
| 2024 Lexus IS 300 | $1,956 | $163 |
| 2023 Lexus IS 300 | $2,080 | $173 |
| 2022 Lexus IS 300 | $2,040 | $170 |
| 2021 Lexus IS 300 | $1,904 | $159 |
| 2020 Lexus IS 300 | $1,844 | $154 |
| 2019 Lexus IS 300 | $1,624 | $135 |
| 2018 Lexus IS 300 | $1,548 | $129 |
| 2017 Lexus IS 300 | $1,506 | $126 |
| 2016 Lexus IS 300 | $1,452 | $121 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Lexus IS 300 trim levels for each model year. Updated February 23, 2024
The rate table below details the estimated annual and 6-month policy costs, including a monthly budget figure, for each Lexus IS 300 model and trim level.
| 2024 Lexus IS 300 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Rear Wheel Drive | $1,846 | $154 |
| All Wheel Drive | $1,886 | $157 |
| F Sport Design | $1,968 | $164 |
| F Sport | $1,992 | $166 |
| F Sport Design AWD | $2,010 | $168 |
| F Sport AWD | $2,032 | $169 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated February 23, 2024
How does Lexus IS 300 insurance cost compare?
When compared to popular vehicles in the midsize luxury car segment, car insurance rates for a Lexus IS 300 cost $24 less per year than the Lexus ES 350, $350 less than the BMW 530i, and $192 less than the Infiniti Q50.
The Lexus IS 300 ranks second out of 34 total comparison vehicles in the midsize luxury car category for most affordable car insurance cost. The IS 300 costs an average of $1,956 per year for an auto insurance policy with full coverage and the category average policy cost is $2,328 annually, a difference of $372 per year.
The next chart shows how the average car insurance rate for a Lexus IS 300 compares to the top 10 most popular midsize luxury cars in America like the Mercedes-Benz CLA250, Audi A6, and the Tesla Model S. A more comprehensive data table is included following the chart that details average auto insurance rates for all 34 models in the midsize luxury car category.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mercedes-Benz CLA250 | $1,954 | -$2 |
| 2 | Lexus IS 300 | $1,956 | -- |
| 3 | Lexus ES 350 | $1,980 | $24 |
| 4 | Mercedes-Benz AMG CLA35 | $1,988 | $32 |
| 5 | Lexus RC 300 | $1,994 | $38 |
| 6 | Jaguar XF | $2,008 | $52 |
| 7 | Cadillac CT5 | $2,044 | $88 |
| 8 | Lexus ES 250 | $2,054 | $98 |
| 9 | Lexus ES 300h | $2,082 | $126 |
| 10 | Audi A3 | $2,132 | $176 |
| 11 | Infiniti Q50 | $2,148 | $192 |
| 12 | Mercedes-Benz AMG CLA45 | $2,174 | $218 |
| 13 | Audi S4 | $2,184 | $228 |
| 14 | Mercedes-Benz EQE 350 | $2,206 | $250 |
| 15 | BMW i4 | $2,214 | $258 |
| 16 | Lexus IS 500 | $2,242 | $286 |
| 17 | BMW 530i | $2,306 | $350 |
| 18 | Audi S5 | $2,330 | $374 |
| 19 | BMW 540i | $2,336 | $380 |
| 20 | BMW 430i | $2,386 | $430 |
| 21 | BMW i5 | $2,396 | $440 |
| 22 | Genesis G80 | $2,408 | $452 |
| 23 | Mercedes-Benz EQE 500 | $2,436 | $480 |
| 24 | Mercedes-Benz AMG C43 | $2,452 | $496 |
| 25 | Audi A6 | $2,458 | $502 |
| 26 | Tesla Model S | $2,488 | $532 |
| 27 | BMW 530e | $2,510 | $554 |
| 28 | Audi RS 5 | $2,516 | $560 |
| 29 | Audi S6 | $2,534 | $578 |
| 30 | BMW M440i | $2,600 | $644 |
| 31 | Audi A7 | $2,646 | $690 |
| 32 | Lexus LC 500h | $2,842 | $886 |
| 33 | Audi S7 | $2,934 | $978 |
| 34 | BMW M8 | $3,198 | $1,242 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2024 model year. Updated February 23, 2024
Other rates and insights
Some other noteworthy observations about Lexus IS 300 insurance rates include:
- As you get older, Lexus IS 300 car insurance rates tend to be cheaper. The difference in 2024 IS 300 insurance cost between a 50-year-old driver ($1,728 per year) and a 30-year-old driver ($2,094 per year) is $366, or a savings of 19.2%.
- Driving violations increase insurance rates. If you want to get the best price on IS 300 insurance rates, it’s necessary to obey traffic laws. Just a few minor traffic violations could end up increasing policy rates as much as $502 per year.
- Policy discounts equal cheaper IS 300 insurance rates. Discounts may be available if the policyholders belong to certain professional organizations, are senior citizens, are good students, insure their home and car with the same company, or many other discounts which could save the average driver as much as $326 per year.
- No accidents means cheaper rates. At-fault accidents increase insurance cost, possibly by an additional $918 per year for a 30-year-old driver and as much as $434 per year for a 60-year-old driver.
- Age and gender affect car insurance rates. For a 2024 Lexus IS 300, a 20-year-old man pays an average price of $3,890 per year, while a 20-year-old female driver pays an estimated $2,800, a difference of $1,090 per year in favor of the women by a long shot. But by age 50, the rate for males is $1,728 and the rate for women is $1,690, a difference of only $38.
- High-risk car insurance can get expensive. For a 20-year-old driver, having enough accidents and violations to require a high-risk insurance policy can cause a rate increase of $3,002 or more per year.
- Better credit scores yield better car insurance rates. Drivers with high 800+ credit scores could save $307 per year over a slightly lower credit score between 670-739. Conversely, a weak credit rating could cost as much as $356 more per year.