Lexus NX 350 Insurance Cost for 2023

Is a Lexus NX 350 cheap to insure?

We compared average insurance cost for the AWD trim up to the top level Luxury AWD model to find out how the 2023 NX 350 measures up to the competition.

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  • Lexus NX 350 car insurance rates average $1,770 per year (about $148 per month) for full coverage, but can vary based on deductibles and policy limits.
  • The cheapest NX 350 to insure is the AWD model at an estimated $1,710 per year. The most expensive is the Luxury AWD model at $1,824 annually.
  • The NX 350 ranks ninth out of 37 vehicles in the 2023 compact luxury SUV class for auto insurance affordability.

How much does Lexus NX 350 insurance cost?

Lexus NX 350 insurance costs around $1,770 yearly, or $148 on a monthly basis. With the average small luxury SUV costing $1,909 a year to insure, the NX 350 is $139 cheaper.

The bar chart below breaks down a summary of car insurance rates for a 2023 Lexus NX 350 using different driver ages and risk profiles (safe driver, high-risk driver, at-fault accidents). Middle-aged drivers with good driving records have the best chance at finding cheap car insurance for a Lexus NX 350, while younger and high-risk drivers will pay higher rates.

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Chart Data Details: Average rates are for a 2023 model year Lexus NX 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 NX 350 trim levels.Data last updated on December 29, 2022
Lexus NX 350 Insurance Cost Summary
2023 Lexus NX 350 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,050$338
Safe Driver Age 20$3,546$296
At-fault Accidents Age 40$2,498$208
Low Deductibles Age 40$2,342$195
Safe Driver Age 30$1,874$156
Safe Driver Age 40$1,770$148
Safe Driver Age 50$1,616$135
Safe Driver Age 60$1,586$132
High Deductibles Age 40$1,480$123
Discount Rate Age 40$1,472$123

The next table details the estimated annual and 6-month insurance policy premiums, including a monthly budget figure, for each Lexus NX 350 trim level.

2023 Lexus NX 350 Insurance Cost by Trim Level
Lexus NX 350 Trim Level Annual Policy Six-Month Policy Per Month
AWD$1,710$855$143
Premium AWD$1,760$880$147
F Sport Handling AWD$1,796$898$150
Luxury AWD$1,824$912$152

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Table Data Details: Average rates are for a 2023 Lexus NX 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 February 5, 2023
Lexus NX 350 Insurance Cost by Trim Level

Does NX 350 insurance cost more than similar vehicles?

When compared to other small luxury SUVs, average insurance rates for a Lexus NX 350 cost $306 less per year than the BMW X3, $220 less than the Audi Q5, and $28 less than the Mercedes-Benz GLC300.

Ranking at ninth out of 37 total comparison vehicles in the small luxury SUV class for car insurance affordability, the NX 350 costs an average of $1,770 per year for a car insurance policy with full coverage. The class average auto insurance cost is $1,909 annually, a difference of $139 per year.

The next chart shows how insurance rates for a Lexus NX 350 fare against the most popular small luxury SUVs like the Acura RDX, Volvo XC60, and the Cadillac XT4. We also included a more comprehensive table after the chart detailing average car insurance prices for the entire 37 vehicle small luxury SUV segment.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Lexus NX 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, which is averaged for all Lexus NX 350 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 30, 2022
Lexus NX 350 vs Top 10 Small Luxury SUVs Insurance Cost Comparison
Lexus NX 350 Insurance Cost Compared to All Small Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Acura RDX$1,472-$298
2Cadillac XT4$1,592-$178
3Volvo XC40$1,622-$148
4Lexus UX 250h$1,650-$120
5Mercedes-Benz GLA250$1,712-$58
6Mercedes-Benz GLB 250$1,718-$52
7Lexus NX 250$1,740-$30
8Lexus NX 350h$1,760-$10
9Lexus NX 350$1,770--
10Lincoln Corsair$1,772$2
11Lexus NX 450h$1,776$6
12BMW X1$1,788$18
13Alfa Romeo Tonale$1,790$20
14Mercedes-Benz GLC300$1,798$28
15Lexus RZ 450e$1,802$32
16Volvo XC60$1,806$36
17Audi Q3$1,820$50
18Land Rover Evoque$1,828$58
19Volvo C40$1,846$76
20Infiniti QX55$1,908$138
21Mercedes-Benz GLA35 AMG$1,914$144
22Genesis GV70$1,944$174
23Mercedes-Benz EQB 300$1,954$184
24Genesis GV60$1,958$188
25Mercedes-Benz GLA45 AMG$1,968$198
26Alfa Romeo Stelvio$1,978$208
27Audi Q5$1,990$220
28Land Rover Range Rover Velar$1,996$226
29Mercedes-Benz EQB 350$2,000$230
30BMW X4$2,038$268
31Land Rover Defender$2,044$274
32Jaguar F-Pace$2,054$284
33Audi Q4$2,066$296
34Porsche Macan$2,070$300
35BMW X3$2,076$306
36Jaguar I-Pace$2,194$424
37Aston Martin DBX$3,424$1,654

Another useful comparison is to see how average insurance cost compares between the NX 350 and the compact luxury SUVs with the most similar MSRP or sales price.

A Lexus NX 350 has an average MSRP of $47,415 and ranges from $43,515 to $50,965.

The vehicles in the compact luxury SUV segment closest in cost to the Lexus NX 350 for the 2023 model year are the Mercedes-Benz GLC300, Volvo XC40, Acura RDX, and Lexus NX 350h.

The list below shows how those models compare to a Lexus NX 350 by both average MSRP and insurance policy cost.

  • Lexus NX 350 vs. Mercedes-Benz GLC300 – With an average price of $47,400 and ranging from $43,850 to $52,500, the 2023 Mercedes-Benz GLC300 costs $15 less than the average sticker price for the Lexus NX 350. Expect to pay an average of $28 more every 12 months to insure the Mercedes-Benz GLC300 compared to a NX 350.
  • Lexus NX 350 vs. Volvo XC40 – The 2023 Volvo XC40 has an average sticker price of $47,728, ranging from $43,850 to $60,595, which is $313 more expensive than the average cost of the Lexus NX 350. Car insurance for the Volvo XC40 costs an average of $148 less annually than the Lexus NX 350.
  • Lexus NX 350 vs. Acura RDX – New off the lot, the sticker price on the 2023 Acura RDX averages $415 less than the Lexus NX 350 ($47,000 compared to $47,415). Anticipate paying around $298 less each year to insure the Acura RDX compared to a NX 350.
  • Lexus NX 350 vs. Lexus NX 350h – The Lexus NX 350h has an average sticker price of $46,938 ($43,105 to $51,055), which is $477 cheaper than the average sticker price for the Lexus NX 350. Expect to pay around $10 less every 12 months to insure the Lexus NX 350h compared to a NX 350.