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Lexus auto insurance: what you need to know.

It’s tough to make a general statement about auto insurance rates for Lexus cars, given that rates are dependent on the model and other factors like the age of the buyer and where they live.

There are, however, a few things you can do to get an estimate of what your rate might be.

The first thing you can do is to research the car brand. Pay special attention to safety ratings. Good safety scores can mean lower insurance premiums because of the reduced risk of an accident and the likelihood that injuries will be less severe if one does occur.

Once you know which model of Lexus you want, apply for a free quote. In three minutes, you’ll see rates from 30+ companies.

Read on for more information about what it costs to insure a Lexus.

Your questions about Lexus auto insurance rates, answered.

How much does car insurance cost for a Lexus?

A multitude of variables determines how much you pay for car insurance. The car model you choose is one of them. We also included findings from reports created by the Insurance Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA), to give you a better sense of the safety rankings for each vehicle, as these can be significant when determining a vehicle’s insurance rates.

We’ve run sample quotes for two of Lexus’ best-selling models so you can see at a glance how much you might end up paying. All prices are in Canadian dollars.


Lexus NX300

Estimated premium

Driver infoCar make + modelLowest premium quotedHighest median quoted
Female, age 30, Ontario2020 Lexus NX300 4DR AWD$118.17/month$375.33/month
Male, age 30, Ontario2020 Lexus NX300 4DR AWD$122.33/month$391.58/month

About the Lexus NX300

  • The Lexus NX received a glowing review from the IIHS, an independent nonprofit organization dedicated to informing the public about vehicle safety standards. The ratings provided by the association are highly regarded around the world.
  • The NX was also named a 2019 Top Safety Pick by the IIHS and was awarded good ratings in all three categories. The only feature of the vehicle that received a lower score was the structure and safety cage, which was awarded an average rating.
  • The NHTSA has also awarded the NX four or five-star ratings since 2011. Note that NX owners pay the lowest rates of the three Lexus models the editors ran quotes for.
  • The manufacturer's suggested retail price for the 2019 edition starts at $44,050 and goes up to $51,250 for the high-end trim model.

Lexus RX350

Estimated premium

Driver infoCar make + modelLowest premium quotedHighest premium quoted
Female (30) from Ontario2020 Lexus RX350 4DR AWD$146.92/month$408.92/month
Male (30) from Ontario2020 Lexus RX350 4DR AWD$150.00/month$427.25/month

About the Lexus RX350

  • The Lexus RX was the IIHS’s 2019 Top Safety Pick and received good ratings across the board in all three safety categories.
  • The only feature of the RX SUV that received an acceptable-poor rating was its headlights.
  • The National Highway Traffic and Safety Administration (NHTSA) awards every Lexus RX model since 2011 with either four or five stars.
  • The suggested retail price of this vehicle begins at $55,350 for the entry-level package and can be as expensive as $66,050 for the high-end package.

Lexus IS 350

Estimated premium

Driver infoCar make + modelLowest premium quotedHighest premium quoted
Female (30) from Ontario2020 Lexus IS 350 4DR AWD$159.08/month$463.17/month
Male (30) from Ontario2020 Lexus IS 350 4DR AWD$162.42/month$482.92/month

About the Lexus IS 350

  • While the IS received good ratings in all three categories from the IIHS, the model has only won Top Safety Pick awards in 2017 and 2018.
  • The 2019 model was not named a Top Safety Pick. This model also received five stars across the board from the NHTSA in every year dating back to 2011.
  • The only category in which it consistently received four stars in the frontal crash category. Owners of Lexus IS vehicles pay the highest rates of the three Lexus models our editors quoted.
  • The retail price for the Lexus IS 350 4DR AWD ranges from $53,100 to $53,350.

How auto insurance quotes for Lexus are calculated

Beyond the car you drive, your personal driving history, as well as your age and gender, and your postal code, have a major impact on how much you pay each month for car insurance.

In order to generate quotes, we had to create user personas: one male and one female.

Here are the criteria we used:

  • We ran separate quotes for a 30-year-old man and a 30-year-old woman in Ontario.
  • We used the postal code for the office in midtown Toronto.
  • We chose the 2020 model for each car.
  • Our personas have been insured continuously since receiving their license.
  • They drive an average of 40 km per day.
  • We’ve only selected the bare minimum when it comes to insurance coverage (third-party liability insurance).
  • We didn’t apply for any discounts.
  • We indicated that the car has winter tires.
  • We also indicated that the car is parked in a private garage.

Other factors that influence your auto insurance rate

  • Driving record: The worse your driving record, the higher your premium will be; it indicates that you’re more likely to get in an accident. A serious conviction, like a DUI, could increase your rates by 100%, while a lesser conviction, such as distracted driving, could raise your rates by around 25%.
  • Age: Based on statistics, insurers know that the more years driving makes you more experienced, which means you’re less likely to get in an accident. Rates do rise slightly once at age 75, as seniors can develop health conditions that impair their ability to drive.
  • Type of auto insurance: The more comprehensive your coverage, the higher your premium will be. 
  • Area: Where you live can affect your rate. For example, if you live in an urban area your rates will likely be higher due than it would be if you lived in a rural area. Data shows that accidents and theft are more common in urban areas.

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