How to Buy Lexus IS 500 Insurance for Less in 2023

How much are Lexus IS 500 car insurance rates? We break down auto insurance rates for the F Sport Performance trim levels to see how cost ranks and compares.

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  • Lexus IS 500 insurance costs an average of $2,272 per year for a full coverage policy, but can vary significantly based on driver age.
  • The cheapest IS 500 to insure is the F Sport Performance trim level at $2,232 per year. The most expensive is the F Sport Performance Premium at $2,312 annually.
  • The IS 500 ranks 20th out of 38 vehicles in the 2023 midsize luxury car class for car insurance affordability.

How much does Lexus IS 500 insurance cost?

Lexus IS 500 insurance rates average $2,272 a year for full coverage, or $189 monthly. With the average midsize luxury car costing $2,302 a year to insure, the Lexus IS 500 averages $30 less per year.

With MSRP on the IS 500 ranging from $58,270 to $62,770 for the 2023 model year, the monthly cost of car insurance ranges from $186 to $193.

The next chart illustrates how IS 500 insurance rates vary with differences in driver age and policy deductibles. Rates in the example start at $1,692 per year for a 60-year-old with $1,000 physical damage deductibles and go as high as $5,342 annually for a 20-year-old with lower $250 physical damage deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2023 Lexus IS 500 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Lexus IS 500 trim levels.Data last updated on August 11, 2023
Lexus IS 500 Car Insurance Rates
2023 Lexus IS 500 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,790$316
$500$4,544$379
$250$5,342$445
30$1,000$1,986$166
$500$2,404$200
$250$2,840$237
40$1,000$1,890$158
$500$2,272$189
$250$2,670$223
50$1,000$1,724$144
$500$2,070$173
$250$2,430$203
60$1,000$1,692$141
$500$2,030$169
$250$2,386$199

As mentioned above, average monthly car insurance cost on the IS 500 ranges from $186 to $193, depending on the trim level being insured. The table below shows average annual and monthly rates for all the packages available for the 2023 Lexus IS 500.

2023 Lexus IS 500 Insurance Cost by Trim Level
Lexus IS 500 Trim Level Annual Policy Six-Month Policy Per Month
F Sport Performance$2,232$1,116$186
F Sport Performance Premium$2,312$1,156$193

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Table Data Details: Average rates are for a 2023 Lexus IS 500, 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
Lexus IS 500 Insurance Cost by Trim Level

Lexus IS 500 car insurance rates vs. the competition

When compared directly to other popular midsize luxury cars, auto insurance rates for a Lexus IS 500 cost $320 more per year than the Lexus ES 350, $92 more than the BMW 530i, and $254 less than the Infiniti Q50.

The Lexus IS 500 ranks 20th out of 38 comparison vehicles in the 2023 midsize luxury car segment for most affordable car insurance rates.

The chart displayed below shows how IS 500 insurance rates compare to the top 10 selling midsize luxury cars in America like the Audi A6, Acura ILX, and the Mercedes-Benz CLA250. A full ranking table is also included following the chart that shows average insurance rates for all midsize luxury competitors, with the IS 500 highlighted at 20th.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Lexus IS 500, 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, which is averaged for all Lexus IS 500 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
Lexus IS 500 vs Top 10 Midsize Luxury Cars Insurance Cost Comparison
Lexus IS 500 Insurance Cost Compared to All Midsize Luxury Cars
Rank Make/Model Insurance Cost Difference
1Cadillac CT5$1,948-$324
2Lexus ES 350$1,952-$320
3Lexus ES 250$1,966-$306
4Lexus RC 300$1,970-$302
5Mercedes-Benz AMG CLA35$1,974-$298
6Audi A3$1,980-$292
7Mercedes-Benz AMG CLA45$2,018-$254
8Mercedes-Benz CLA250$2,032-$240
9Lexus IS 300$2,040-$232
10Jaguar XF$2,042-$230
11Audi S4$2,084-$188
12BMW i4$2,096-$176
13Mercedes-Benz E350$2,110-$162
14Lexus ES 300h$2,138-$134
15BMW 530i$2,180-$92
16Audi A6$2,222-$50
17Audi S5$2,226-$46
18BMW 540i$2,230-$42
19BMW 430i$2,266-$6
20Lexus IS 500$2,272--
21Mercedes-Benz E450$2,292$20
22Genesis G80$2,298$26
23Mercedes-Benz CLS450$2,358$86
24Mercedes-Benz EQE 350$2,374$102
25Audi RS 5$2,380$108
26BMW 530e$2,396$124
27Audi S6$2,416$144
28Mercedes-Benz AMG C43$2,420$148
29BMW M440i$2,424$152
30Mercedes-Benz EQE 500$2,428$156
31Audi A7$2,522$250
32Infiniti Q50$2,526$254
33Lexus LC 500h$2,710$438
34BMW M550i$2,714$442
35Tesla Model S$2,778$506
36Audi S7$2,796$524
37BMW M5$2,876$604
38BMW M8$3,034$762