How Much Does It Cost to Insure a Lexus?
The insurance cost for a Lexus can be higher than other luxury car models. According to IBC data, the average collision claim for a Lexus is higher than for other luxury brands. Only one Lexus model had a lower collision claim than the rest, the GX 470 from 2007. The rest of the Lexus models were expensive to insure, but the higher collision claims are comparable to other luxury car manufacturers. The insurers use IBC data to determine the average cost of collision coverage for different model years.
Although Lexus insurance is more expensive for some models, many consumers still find that the car is worth the money. The cheapest Lexus sedan to insure is the ES, a two-door coupe. The most expensive Lexus sedan is the LS, with an MSRP of $76,000. The ES and IS are more affordable and can be insured for less than half of that price. However, the LC is the most expensive of the Lexus models.
Generally speaking, the average Lexus insurance cost is $1,978 per year, about $84 more than the average luxury car. This number assumes that the driver is a good driver aged 40, drives 13,000 miles a year, and pays full coverage. However, the premium may vary depending on the age of the driver, the type of vehicle, and the credit score of the driver. Fortunately, there are discounts for older Lexus models and those with a poor driving history.
The cost of Lexus insurance will vary depending on where you live. States with higher risk of driving a Lexus are generally more expensive than the rest of the country. For example, Texas, Florida, and Michigan all have high rates, but this does not mean that they are less expensive than the average. Nonetheless, the costs for a Lexus will be lower in these cities. You can get a better deal on insurance if you shop around for cheaper coverage and improve your credit.
The LC is a two-door coupe that costs more to insure. It has a high MSRP of $76,000, but that doesn’t mean it is the most expensive Lexus model. A Lexus LS has a base price of $37,825 and costs about $2,390 per year to insure. The NX, IS, and ES are cheaper models, but both are more expensive than the average vehicle.
When it comes to insurance for a Lexus, the car’s price is an important factor for premium costs. The most expensive model will cost more to replace, but it is worth the extra money if it’s worth repairing or replacing the car. While the UX is more expensive than other luxury cars, the average Lexus is a great investment. With high resale value, a Lexus can be a valuable asset.
The average Lexus insurance cost is $1,978 per year, which is lower than other luxury brands on average. However, this figure assumes that a driver is a good driver, has an accident-free record, and drives 13,000 miles per year. Besides, it does not include multi-car discounts. Depending on your credit score and driving history, your rates can be higher or lower. So, make sure you shop around before you purchase a new Lexus.
The average annual Lexus insurance cost is $1,978 per year. This is about $84 more than other luxury brands. The average cost varies, and it depends on factors such as your age, your driving history, and where you live. However, the average cost of Lexus insurance is still less expensive than other luxury car brands, and drivers should compare multiple quotes before purchasing a policy. Once you have chosen a policy, consider all your options and find the best deal.
The cost of Lexus insurance is not the same as that of other luxury cars. The average cost of a Lexus is about three times as expensive as that of other luxury vehicles. However, you should be aware that the price of insurance is dependent on your personal risk profile. For instance, a high-end Lexus is more expensive than the average Lexus model. Therefore, your insurance premium should be similar. When buying a new car, you should compare the prices of insurance companies.