Cheap Lexus IS Car Insurance in 2024 (Save Money With These 10 Companies)
Discover the best options for cheap Lexus IS car insurance, with top picks including Auto-Owners, Erie, and Allstate. Starting at a minimum monthly rate of $50/mo, these companies stand out for their competitive rates and comprehensive coverage options, making them ideal choices for car insurance solutions.
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Chris Abrams
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Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
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UPDATED: Jul 5, 2024
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UPDATED: Jul 5, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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When seeking affordable Lexus IS car insurance, selecting the best providers like Auto-Owners, Erie, and Allstate is crucial. This article explores key factors influencing insurance costs, from the impact of car model and driving history to the role of location and coverage options.
In this comprehensive article, we will explore the various aspects that impact the cost of insuring a Lexus IS, as well as provide useful tips for finding affordable car insurance options for your luxury vehicle.
Our Top 10 Company Picks: Cheap Lexus IS Car Insurance
Company Rank Monthly Rates Multi-Policy Discount Best For Jump to Pros/Cons
#1 $50 25% Budget-Friendly Auto-Owners
#2 $55 20% Reliable Coverage Erie
#3 $57 15% Customizable Plans Allstate
#4 $60 10% Comprehensive Service Amica
#5 $62 10% Military Families USAA
#6 $65 15% Personal Service Farmers
#7 $67 20% Customer Satisfaction Nationwide
#8 $70 10% Comprehensive Options Liberty Mutual
#9 $72 20% Family-Oriented American Family
#10 $75 15% Reliable Claims Travelers
Discover how these insights can help you secure comprehensive yet economical car insurance tailored to your needs. Learn more in our guide titled “How much is car insurance?”
Our free online comparison tool above allows you to compare cheap car insurance quotes instantly — just enter your ZIP code to get started.
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#1 – Auto-Owners: Top Overall Pick
Pros
- Competitive Rates: Auto-Owners offers one of the lowest starting rates for Lexus IS car insurance, starting at $50 per month for minimum coverage.
- High Customer Satisfaction: Known for excellent customer service and claims handling, reflected in high customer satisfaction ratings. Access comprehensive insights into our guide titled “Auto-Owners Insurance Review & Ratings.”
- Flexible Coverage Options: Auto-Owners provides customizable coverage options that cater to specific needs, including comprehensive plans for luxury vehicles like the Lexus IS.
Cons
- Availability Limitations: Auto-Owners operates primarily in select regions, which may limit availability for some customers.
- Discount Variability: While offering competitive rates, discounts may vary depending on location and driving history.
#2 – Erie: Best for Reliable Coverage
Pros
- Affordable Premiums: Erie offers competitive rates, starting at $55 per month for minimum coverage for Lexus IS owners. Learn more in our guide titled “Erie Insurance Review & Ratings.”
- Excellent Customer Service: Known for its strong customer service and claims satisfaction.
- Comprehensive Coverage Options: Erie provides comprehensive coverage options that include specific protections beneficial for luxury vehicles like the Lexus IS.
Cons
- Regional Availability: Erie’s coverage is limited to specific states, potentially restricting access for customers outside those areas.
- Limited Online Tools: Compared to larger insurers, Erie may have fewer online tools and resources for managing policies.
#3 – Allstate: Best for Customizable Plans
Pros
- Wide Range of Coverage Options: Allstate offers extensive customizable plans suitable for Lexus IS owners, accommodating various needs and preferences.
- Innovative Tools: Allstate provides advanced tools and resources online, facilitating easy policy management and claims processing. Discover insights in our guide titled “Allstate Insurance Review & Ratings.”
- Strong Financial Stability: Rated highly by A.M. Best, indicating excellent financial stability and reliability.
Cons
- Premium Costs: Allstate’s premiums can be higher compared to some competitors, especially for full coverage options on luxury vehicles like the Lexus IS.
- Mixed Customer Service Reviews: While generally positive, some customers report mixed experiences with claims handling and customer support.
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#4 – Amica: Best for Comprehensive Service
Pros
- Customer Satisfaction: Amica consistently ranks high for customer satisfaction and claims handling, providing peace of mind for Lexus IS owners.
- Competitive Rates: Offers competitive premiums starting at $60 per month for minimum coverage, making it affordable for luxury vehicle owners.
- Strong Financial Ratings: A.M. Best rates Amica highly for financial stability, ensuring reliability in covering claims and services. Unlock details in our article called “Amica Car Insurance Discounts.”
Cons
- Limited Availability: Amica’s coverage is limited to fewer states compared to larger insurers, potentially restricting options for some customers.
- Complex Discounts: While offering discounts, understanding and maximizing these discounts may require more effort compared to other insurers.
#5 – USAA: Best for Military Families
Pros
- Exclusive Membership Benefits: USAA offers unique benefits tailored to military families, including competitive rates and specialized coverage options.
- Top-Rated Customer Service: Known for exceptional customer service and claims satisfaction among military personnel and their families.
- Financial Stability: A.M. Best rates USAA highly for financial strength and stability, ensuring reliable coverage for Lexus IS owners. Discover insights in our article called “USAA Car Insurance Discounts.”
Cons
- Membership Eligibility: Limited to military members, veterans, and their families, restricting access for the general public.
- Limited Branch Network: USAA’s physical branch network is limited, which may impact convenience for some customers.
#6 – Farmers: Best for Personal Service
Pros
- Personalized Service: Farmers offers personalized service through local agents, catering to individual needs and preferences of Lexus IS owners.
- Discount Opportunities: Provides various discounts, including multi-policy and safe driver discounts, helping to lower insurance costs for customers.
- Strong Coverage Options: Offers comprehensive coverage options that include specific protections for luxury vehicles like the Lexus IS. Unlock details in our guide titled “Farmers Insurance Review & Ratings.”
Cons
- Higher Premiums: Farmers’ premiums may be higher compared to some competitors, especially for full coverage on luxury vehicles.
- Claims Processing Times: Some customers report longer processing times for claims, affecting overall customer satisfaction.
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#7 – Nationwide: Best for Customer Satisfaction
Pros
- High Customer Satisfaction: Nationwide excels in customer satisfaction, offering reliable service and claims handling for Lexus IS owners.
- Competitive Premiums: Provides competitive rates starting at $65 per month for minimum coverage, making it affordable for luxury vehicle owners.
- Wide Range of Coverage Options: Nationwide offers a variety of coverage options tailored to different needs and budgets. Check out insurance savings in our complete guide titled “Nationwide Insurance Review & Ratings.”
Cons
- Availability: Nationwide’s coverage may be limited in certain regions, potentially limiting options for customers outside those areas.
- Discount Clarity: Understanding and maximizing available discounts may require clearer communication and transparency.
#8 – Liberty Mutual: Best for Comprehensive Options
Pros
- Comprehensive Coverage: Liberty Mutual offers extensive coverage options, including specialized protections for luxury vehicles like the Lexus IS.
- Discount Opportunities: Provides significant discounts, including multi-policy and advanced safety feature discounts, helping to lower premiums.
- Financial Strength: A.M. Best rates Liberty Mutual highly for financial stability, ensuring reliable coverage and claims service. Access comprehensive insights into our article called “Liberty Mutual Review & Ratings.”
Cons
- Premium Costs: Liberty Mutual’s premiums may be higher compared to some competitors, particularly for comprehensive coverage on luxury vehicles.
- Customer Service Reviews: Mixed customer reviews regarding claims handling and overall customer service experience.
#9 – American Family: Best for Family-Oriented
Pros
- Family-Friendly Policies: American Family offers policies that cater to family needs, including comprehensive coverage options suitable for Lexus IS owners.
- Discount Programs: Provides various discount programs, including bundling and safe driver discounts, helping families save on insurance costs. Read up on the “American Family Insurance Review & Ratings” for more information.
- Financial Stability: Rated highly by A.M. Best, ensuring stable coverage and reliable service.
Cons
- Limited Availability: Coverage may be limited to specific states, potentially restricting options for customers in other regions.
- Policy Transparency: Clarity and transparency in policy details and pricing could be improved for better customer understanding.
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#10 – Travelers: Best forReliable Claims
Pros
- Efficient Claims Processing: Travelers is known for efficient claims processing and customer service, ensuring quick resolution for Lexus IS owners.
- Customizable Coverage: Offers customizable coverage options that can be tailored to specific needs and preferences. Delve into our evaluation of “Travelers Insurance Review & Ratings.”
- Competitive Premiums: Provides competitive rates starting at $70 per month for minimum coverage, making it affordable for luxury vehicle owners.
Cons
- Customer Support: Some customers report varying experiences with customer support quality and responsiveness.
- Discount Availability: While offering discounts, eligibility and availability may vary based on location and policy specifics.
Lexus IS Car Insurance Monthly Rates: Minimum and Full Coverage Comparison
When considering car insurance for a Lexus IS, understanding the cost associated with different coverage levels is crucial. The table below outlines the monthly rates from various providers for both minimum and full coverage options.
These rates can vary significantly based on the insurance company, with Auto-Owners offering the lowest rates at $50 for minimum coverage and $100 for full coverage, while Travelers presents the highest rates at $75 and $150 respectively. This variation underscores the importance of comparing quotes to find the best coverage that fits your budget and needs.
Lexus IS Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $57 $120
American Family $72 $145
Amica $60 $115
Auto-Owners $50 $100
Erie $55 $110
Farmers $65 $130
Liberty Mutual $70 $140
Nationwide $67 $135
Travelers $75 $150
USAA $62 $125
The rates for Lexus IS car insurance vary widely among providers depending on the coverage level selected. For minimum coverage, Auto-Owners offers the lowest monthly rate at $50, while Allstate and USAA follow closely at $57 and $62 respectively. For those opting for full coverage, Auto-Owners remains the most affordable option at $100 per month, significantly lower than Liberty Mutual’s $140 and Travelers’ $150. T
hese rates highlight the competitive pricing strategies of each insurer and emphasize the importance of selecting coverage that balances cost with comprehensive protection tailored to your driving habits and vehicle value. If you want to learn more about the company, head to our complete guide titled “Compare Car Insurance Quotes.”
Factors That Influence the Cost of Lexus IS Car Insurance
When determining the cost of insuring a Lexus IS, insurance providers take into account several key factors. These include:
- Driving Record: Your driving record plays a significant role in determining car insurance rates. If you have a history of accidents or violations, you may face higher premiums.
- Age and Gender: Younger drivers, particularly teenagers, are often charged higher insurance rates. Additionally, gender can also affect rates, with males statistically having higher rates than females.
- Location: Insurance rates can vary based on where you live. Urban areas, where there is a higher probability of accidents or thefts, may have higher premiums than rural areas.
- Coverage Limits and Deductibles: The coverage limits and deductibles you choose for your Lexus IS insurance can impact the cost. Higher coverage limits and lower deductibles generally lead to higher premiums.
- Safety Features and Anti-Theft Devices: Cars equipped with advanced safety features and anti-theft devices are usually considered less risky to insure. As a result, insurers may offer discounts on premiums.
Understanding these factors can help Lexus IS owners make informed decisions to manage their insurance costs effectively. See more details on our article called “Occupation Car Insurance Discount.”
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Understanding the Insurance Requirements for Lexus IS Owners
Before delving deeper into the cost of insuring a Lexus IS, it’s important to understand the insurance requirements for Lexus IS owners. In most states, car insurance is legally required to cover liability for bodily injury and property damage resulting from an accident. The specific coverage limits can vary by state.
In addition to liability coverage, owners may also choose to purchase collision and comprehensive coverage. Collision coverage helps pay for damages to your Lexus IS in the event of an accident, regardless of who is at fault. Comprehensive coverage, on the other hand, protects against non-collision incidents like theft, vandalism, or natural disasters.
While collision and comprehensive coverage are optional, they are often recommended to ensure comprehensive protection for a luxury vehicle like the Lexus IS.
It’s worth noting that the cost of insurance for a Lexus IS can be influenced by various factors. These factors may include the driver’s age, driving history, location, and the specific model and year of the Lexus IS. Insurance providers may also consider the frequency of accidents and thefts involving the Lexus IS when determining the premium rates.
More information is available about this provider in our guide titled “Best Car Insurance for Drivers After an Accident in Vermont.”
Comparison of Car Insurance Rates for Different Lexus IS Models
It’s important to note that the cost of Lexus IS car insurance can vary by model and year. Generally, newer models of the Lexus IS may have higher insurance rates due to their higher market value and potentially higher repair costs. On the other hand, older models may have lower premiums.
To get an accurate estimate of the insurance rates for your specific Lexus IS model, it is recommended to obtain quotes from multiple insurance providers. This way, you can compare the rates and coverage options available to find the best insurance policy that suits your needs and budget.
Another factor that can affect the cost of car insurance for Lexus IS models is the driver’s age and driving history. Insurance providers often consider younger drivers or those with a history of accidents or traffic violations to be higher risk, resulting in higher premiums. On the other hand, drivers with a clean driving record and more experience may be eligible for lower insurance rates.
Read up on the “Best Car Insurance for 21-Year-Old Drivers” for more information.
In addition to the model, year, and driver’s profile, the location where the Lexus IS is primarily driven and parked can also impact insurance rates. Urban areas with higher rates of accidents or vehicle theft may have higher insurance premiums compared to rural areas with lower risk factors. It’s important to consider these geographical factors when estimating the cost of car insurance for your Lexus IS.
Tips for Finding Affordable Car Insurance for Your Lexus IS
While insuring a luxury vehicle like the Lexus IS may entail higher costs, there are several strategies you can employ to find affordable car insurance options:
- Shop Around: Take the time to gather quotes from multiple insurance providers. This will allow you to compare rates and coverage options to find the most affordable policy.
- Consider Higher Deductibles: Opting for a higher deductible can lower your premiums. However, make sure you can afford to pay the deductible in case of an accident.
- Improve Your Credit Score: Maintaining a good credit score can positively impact your insurance premiums. Regularly check your credit report and take steps to improve your credit history.
- Consider Usage-Based Insurance: Some insurers offer usage-based insurance programs where your premiums are based on your actual driving habits. If you’re a responsible driver, this can result in lower premiums.
- Maintain a Clean Driving Record: Avoiding traffic violations and accidents can help keep your car insurance premiums affordable. Drive responsibly and follow all traffic laws to maintain a clean driving record.
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Exploring the Average Cost of Lexus IS Car Insurance Across Different States
The average cost of Lexus IS car insurance can vary significantly across different states. Factors such as state regulations, population density, and accident rates can contribute to these variations.
For instance, states with higher population densities and more traffic congestion, such as California or New York, may generally have higher insurance rates compared to less densely populated states.
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Additionally, each state has different legal requirements for car insurance coverage limits. These requirements can impact the overall cost of insuring a Lexus IS.
It is important to research the average cost of car insurance in your specific state to get a better understanding of what to expect for your Lexus IS.
Another factor that can affect the average cost of Lexus IS car insurance is the prevalence of car theft in a particular state. States with higher rates of car theft may have higher insurance rates to account for the increased risk of theft.
In addition to state-specific factors, individual factors such as age, driving record, and credit history can also impact the cost of car insurance for a Lexus IS. Younger drivers or those with a history of accidents or traffic violations may face higher insurance premiums. Discover more about offerings in our complete guide titled “How does the insurance company determine my premium?”
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Frequently Asked Questions
What factors affect the cost of Lexus IS car insurance?
The cost of Lexus IS car insurance can be influenced by various factors such as the driver’s age, location, driving history, coverage options, deductible amount, and the model year of the vehicle.
For additional details, explore our comprehensive resource titled “What is the difference between a deductible and a premium in car insurance?”
Are there any specific safety features on the Lexus IS that can lower insurance premiums?
Yes, the Lexus IS is equipped with several advanced safety features such as lane departure warning, adaptive cruise control, and automatic emergency braking. These features may help lower insurance premiums as they reduce the risk of accidents.
Does the cost of Lexus IS car insurance vary depending on the model year?
Yes, the model year of the Lexus IS can impact insurance costs. Generally, newer models may have higher insurance premiums due to their higher value, while older models may have lower premiums.
Is it more expensive to insure a Lexus IS in certain locations?
Insurance rates can vary based on location. Factors such as population density, crime rates, and the frequency of accidents in a particular area can influence the cost of insuring a Lexus IS.
Can I get discounts on Lexus IS car insurance?
Yes, insurance providers often offer various discounts that can help reduce the cost of insuring a Lexus IS. These discounts may include safe driver discounts, multi-policy discounts, good student discounts, and more. It’s recommended to inquire with insurance companies to explore available discounts.
To find out more, explore our guide titled “College Graduate Car Insurance Discount.”
Do Lexus cars hold their value?
Lexus’ success stems from various factors, with one standout being its ability to maintain high resale value. Unlike many luxury cars that depreciate quickly post-purchase, Lexus vehicles are known for retaining their desirability and market worth over time.
Why should I buy a Lexus car?
Lexus combines unique design, luxury, comfort, and exhilarating performance with the advantages of strong resale value, vehicle dependability, and durability. Lexus appeals not just as a luxury option but as a preferred choice for those who appreciate luxury’s enduring value over time.
Is Lexus a luxury car?
Lexus is the luxury vehicle division of Toyota Motor Corporation, a leading Japanese automaker. It is renowned globally, marketed in over 90 countries and territories, and holds the distinction of being Japan’s top-selling brand of premium automobiles.
Are Lexus cars a good investment?
Lexus is the luxury vehicle division of Toyota Motor Corporation, a leading Japanese automaker. It is renowned globally, marketed in over 90 countries and territories, and holds the distinction of being Japan’s top-selling brand of premium automobiles.
To learn more, explore our comprehensive resource on “Full Coverage Car Insurance: A Complete Guide.”
Is Lexus a long lasting car?
Typically, vehicles from this luxury marque can often exceed 250,000 to 300,000 miles. In contrast to other brands where longevity may average around 150,000 miles, Lexus vehicles extend this expectation significantly, enabling drivers to maximize the vehicle’s lifespan before considering replacement.
Which is better, Lexus or BMW?
Lexus is not just a more reliable brand but also boasts lower average monthly maintenance expenses compared to BMW. Lexus owners typically spend around $45 to $55 per month on maintenance, whereas BMW owners report spending between $83 and $142 per month to keep their vehicles in good condition.
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How long will Lexus engine last?
The straightforward response is that the longevity hinges on the engine’s maintenance. Due to the high quality of Lexus engines, they typically endure well beyond 100,000 miles with minimal need for significant repairs before reaching that milestone.
Can a Lexus last 20 years?
With regular upkeep, a Lexus vehicle typically remains operational for approximately 250,000-300,000 miles, equating to an average lifespan of 17-20 years. In contrast, most cars generally last between 150,000-200,000 miles.
Learn more by reading our guide titled “The Most and Least Car-Dependent States.”
Why do people buy Lexus?
Lexus vehicles are renowned for their outstanding safety, performance, and luxurious amenities, appealing to drivers seeking top-tier quality.
Is the Lexus IS250 fuel efficient?
The Lexus IS 250 comes in various configurations and body styles, powered by premium unleaded petrol (PULP). Its estimated fuel consumption begins at 9.2 liters per 100 kilometers for sedan models using PULP, based on the most recent manufacturing year.
What cars are better than a Lexus?
The Lexus IS 250 comes in various configurations and body styles, powered by premium unleaded petrol (PULP). Its estimated fuel consumption begins at 9.2 liters per 100 kilometers for sedan models using PULP, based on the most recent manufacturing year.
Can Lexus use Toyota parts?
However, Toyota owns Lexus, and many Lexus models are compatible with Toyota parts and vice versa. It’s important to note that genuine Toyota parts cannot be purchased from a Lexus dealer, and genuine Lexus parts cannot be bought from a Toyota dealer.
Access comprehensive insights into our guide titled “How can I find car insurance policies that include coverage for custom or aftermarket parts and accessories?”
Does Lexus use Toyota engines?
While Lexus cars feature distinct interior and exterior designs compared to Toyotas, they typically utilize Toyota engines.
Which one is the cheapest Lexus?
According to our assessment of 2024 new vehicle starting prices, along with considerations of reliability, resale value, and safety, the most affordable Lexus model is the Lexus UX 200. It starts at $33,450, with the next least expensive option being the UX 250h at $35,540.
What is the most sold Lexus?
The Lexus RX is the most sold Lexus.
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
