Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

Full Bio →

Written by

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

Full Bio →

Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Are you looking for a new or used Lexus IS 300? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

Lexus IS 300 insurance facts

  • Average full coverage auto insurance premium: $186/month

  • Most affordable companies: GEICO ($110/month) & Allied Insurance ($117/month)

  • IS 300 insurance cost vs. average rates: $55 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Lexus IS 300 by model year and auto insurer.

Make sure to comparison shop before making a new car purchase to save money. 

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Below average Lexus IS 300 insurer costs by state:

Risk factors affecting Lexus IS 300 coverage rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your car insurance rate.

How to save money on Lexus IS 300 insurance coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Lexus models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Lexus luxury automobile brand

Lexus is a luxury car division of Toyota, a Japanese automobile manufacturer specializing in reliable luxury cars with high-quality comfort and impressive resale values. The target audience of Lexus is the upper-middle-class finance and banking executives that demand upscale interiors, style, and advanced driver technologies. All Lexus automobiles have high safety ratings, with many of their vehicles getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The Lexus RX 350, ES 350, and RC 300 are some of their most popular cars.

High Lexus IS 300 repair costs equal high coverage rates

Many consumers are attracted to Lexus’ upscale driving experience, outstanding quality, and driver-assist technologies, like the Lexus Safety System+ with pre-collision and dynamic radar safety features. Automotive parts are common and more expensive than popular vehicles, like ToyotaHonda, or Subaru. Repairing a Lexus is higher than average since repair parts are more expensive. For this reason, many Lexus cars are going to have higher than average car insurance rates compared to similar cars in their class.

Rapid depreciation for Lexus IS 300 affecting auto policies

Another factor to consider for Lexus is rapid depreciation, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Lexus models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

Excellent Lexus IIHS and NHTSA safety ratings decreasing car insurance rates for drivers

Lexus is known for their safety ratings, safety features, 5-star crash test ratings, driver-assist technologies such as Lexus’ Safety System+ technology, and lower auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features for most Lexus models. The Lexus ES 350, Lexus IS, NX 4, and RX 4 are the Insurance Institute for Highway Safety (IIHS) “Top Safety Picks.” The NHTSA consistently gives Lexus automobiles top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Lexus automobile owners when buying a car insurance policy.

Make sure to shop around with multiple car insurance carriers before making a new car purchase.

2021 Lexus IS 300

Cheapest Insurance CompaniesAverage Annual Cost
Allied Insurance$1411
Allstate$1716
Auto-Owners$1856
Cincinnati Insurance$2149
Direct Auto$1975
Erie Insurance$1463
GEICO$1320
Kentucky Farm Bureau$1931
Liberty Mutual$1597
Mercury$1490
MetLife$2270
Nationwide$1446
Plymouth Rock$2049
Progressive$1806
Safe Auto$2431
State Farm$1568
Tennessee Farmers$1415
Texas Farm Bureau$1532
Travelers$1449

Compare all 2021 Lexus IS 300 rates

Average Cost to Insure Per Year

$2238

List Price

$39050

Trims Available

Base - Base Engine: 2.0-liter turbocharged four-cylinder with 241 horsepower with Driver Assist Lexus Safety System Plus with Pre-Collision System with Daytime/Low-Light Vehicle and Pedestrian Detection, Daytime Bicyclist Detection, Dynamic Radar Cruise Control with All-Speed Range, Lane Departure Alert with Steering Assist, Intelligent High Beams, Road Sign Assist, Lane Tracing Assist. Passive and Active Safety Features: Airbags, Rear Cross Traffic Alert, 4-Wheel ABS, 4-Wheel Disc Brakes, Ignition Disable Device, Security System, Low-speed Automatic Emergency Braking, and Pretensioners.

2020 Lexus IS 300

Cheapest Insurance CompaniesAverage Annual Cost
Allied Insurance$1090
Allstate$1705
Auto-Owners$1849
Erie Insurance$1324
Farmers$1963
GEICO$1068
Liberty Mutual$1530
Mercury$1461
MetLife$2238
Nationwide$1216
Progressive$1755
State Farm$1496
Tennessee Farmers$1132
Texas Farm Bureau$1471
The Hanover$2016
Travelers$1248

Compare all 2020 Lexus IS 300 rates

Average Cost to Insure Per Year

$2180

List Price

$38560

Trims Available

Base - Base Engine: 2.0-liter turbocharged four-cylinder with 241 horsepower with Driver Assist Lexus Safety System Plus with Pre-Collision System with Daytime/Low-Light Vehicle and Pedestrian Detection, Daytime Bicyclist Detection, Dynamic Radar Cruise Control with All-Speed Range, Lane Departure Alert with Steering Assist, Intelligent High Beams, Road Sign Assist, Lane Tracing Assist. Passive and Active Safety Features: Airbags, Rear Cross Traffic Alert, 4-Wheel ABS, 4-Wheel Disc Brakes, Ignition Disable Device, Security System, Low-speed Automatic Emergency Braking, and Pretensioners.

2019 Lexus IS 300

Cheapest Insurance CompaniesAverage Annual Cost
Allied Insurance$1070
Allstate$1689
Auto-Owners$1847
Erie Insurance$1344
GEICO$1020
Kentucky Farm Bureau$2071
Liberty Mutual$1530
Mercury$1426
MetLife$2230
Nationwide$1190
Progressive$1753
State Farm$1470
Tennessee Farmers$1170
Texas Farm Bureau$1463
The Hanover$2096
Travelers$1251

Compare all 2019 Lexus IS 300 rates

Average Cost to Insure Per Year

$2162

List Price

$38955

Trims Available

Base - Base Engine: 2.0-liter turbocharged four-cylinder with 241 horsepower with Driver Assist Lexus Safety System Plus with Pre-Collision System with Daytime/Low-Light Vehicle and Pedestrian Detection, Daytime Bicyclist Detection, Dynamic Radar Cruise Control with All-Speed Range, Lane Departure Alert with Steering Assist, Intelligent High Beams, Road Sign Assist, Lane Tracing Assist. Passive and Active Safety Features: Airbags, Rear Cross Traffic Alert, 4-Wheel ABS, 4-Wheel Disc Brakes, Ignition Disable Device, Security System, Low-speed Automatic Emergency Braking, and Pretensioners.

2018 Lexus IS 300

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1668
Acuity$ 1668
Allied$ 1577
Allied$ 1577
Country$ 1873
Country$ 1873
Erie$ 1139
Erie$ 1139
Mercury$ 1615
Mercury$ 1615
Nationwide$ 1633
Nationwide$ 1633
Plymouth Rock Insurance$ 1722
Plymouth Rock Insurance$ 1722
Southern Farm Bureau$ 1864
Southern Farm Bureau$ 1864
State Farm$ 1760
State Farm$ 1760
Tennessee Farmers$ 1165
Tennessee Farmers$ 1165
USAA$ 1276
USAA$ 1276
Vermont Mutual$ 1759
Vermont Mutual$ 1759

Compare all 2018 Lexus IS 300 rates

Average Cost to Insure Per Year

$ 2028

List Price

$ 38210

Trims Available

Base

2016 Lexus IS 300

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1610
Acuity$ 1610
Allied$ 1693
Allied$ 1693
Country$ 1778
Country$ 1778
Erie$ 1013
Erie$ 1013
Mercury$ 1607
Mercury$ 1607
Nationwide$ 1763
Nationwide$ 1763
Plymouth Rock Insurance$ 1577
Plymouth Rock Insurance$ 1577
State Farm$ 1663
State Farm$ 1663
Tennessee Farmers$ 1072
Tennessee Farmers$ 1072
Texas Farm Bureau$ 1314
Texas Farm Bureau$ 1314
USAA$ 1345
USAA$ 1345
Vermont Mutual$ 1634
Vermont Mutual$ 1634

Compare all 2016 Lexus IS 300 rates

Average Cost to Insure Per Year

$ 1746

List Price

$ 39700

Trims Available

Base