Cheap Lexus Car Insurance in 2024 (10 Most Affordable Companies)
For cheap Lexus car insurance, Geico, State Farm, and Progressive offer the best options. Geico leads with affordable Lexus insurance rates starting at $135/month. State Farm has a higher customer service rating than any company when it comes to Lexus insurance claims handling and buying policies.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, Finance101.com, and Forbes. As a parent herself, she ...
Licensed Insurance Agent
UPDATED: Sep 26, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Sep 26, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
On This Page
17,759 reviewsCompany Facts
Min. Coverage for Lexus
A.M. Best Rating
Complaint Level
Pros & Cons
17,759 reviews
13,128 reviewsCompany Facts
Min. Coverage for Lexus
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviewsThe top picks for cheap Lexus car insurance are Geico, State Farm, and Progressive, offering reliable coverage tailored for luxury vehicles.
Geico stands out for its all-around affordability and convenient online policy management. State Farm excels in customer service, while Progressive offers flexible Lexus insurance policy options for added convenience.
Our Top 10 Company Picks: Cheap Lexus Car Insurance| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $135 | A++ | Cheap Rates | Geico |
 | #2 | $145 | B | Customer Service | State Farm |
 | #3 | $148 | A+ | Flexible Policies | Progressive |
 | #4 | $152 | A | Loyalty Rewards | American Family |
 | #5 | $153 | A+ | Online Convenience | Amica |
 | #6 | $156 | A+ | Infrequent Drivers | Allstate |
 | #7 | $162 | A | Add-on Coverages | Liberty Mutual |
 | #8 | $167 | A | Industry Experience | Farmers |
 | #9 | $169 | A+ | Senior Drivers | The Hartford |
 | #10 | $173 | A++ | Usage-Based Discounts | Travelers |
These companies also have the best Lexus car insurance discounts, including Geico and Farmers, which offer more discounts than other providers.
Ready to shop around for the best luxury car insurance company? Enter your ZIP code above and see which one offers the coverage you need.
- Geico is the top pick for cheap Lexus car insurance with affordable coverage
- State Farm has great claims satisfaction among Lexus policyholders
- Coverage options protect Lexus drivers from high-end repair costs
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#1 – Geico: Top Overall Pick
Pros
- Cost-Effective Lexus Coverage: Geico delivers some of the most competitive prices for Lexus owners, starting at $135 monthly.
- Discounts for Bundled Policies: Lexus drivers can combine auto coverage with other policies for additional savings. See our Geico auto insurance review for more details.
- User-Friendly Online Tools: Lexus drivers can easily manage their policies and claims using Geico’s streamlined digital platform.
Cons
- Price Volatility: Premiums for Lexus cars may increase after an accident, even for long-term clients.
- Limited Loyalty Benefits: Geico offers fewer perks for loyal Lexus customers than other insurers.
#2 – State Farm: Best for Customer Service
Pros
- Top-Tier Customer Service: State Farm offers highly-rated support for Lexus drivers, particularly those seeking personalized service and efficient claims.
- Access to Local Agents: Lexus owners can consult with local representatives for customized policy guidance. Read our State Farm insurance review to learn more.
- Affordable Car Insurance Rates: Lexus car insurance costs with State Farm are very competitive starting at $145/month.
Cons
- Weaker Financial Rating: State Farm’s B rating reflects lower financial stability compared to more reliable Lexus auto insurance companies.
- Fewer Discount Opportunities: Lexus drivers may encounter fewer discount options compared to other insurance providers.
#3 – Progressive: Best for Flexible Policy Options
Pros
- Customizable Plans: Progressive offers numerous policy options suited to the specific needs of Lexus vehicles. Dive into our in-depth Progressive insurance review to find the best policy.
- Competitive Premiums: Drivers get affordable Lexus insurance rates starting at $148 monthly, balancing cost and coverage.
- Usage-Based Discounts: Safe drivers can save over $300 annually on Lexus car insurance when they sign up for Progressive Snapshot.
Cons
- Complex Discount Structure: Lexus policyholders may find it challenging to navigate Progressive’s array of discounts.
- Variable Customer Service: The quality of Progressive’s customer service may vary by location, impacting some Lexus drivers’ experiences.
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#4 – American Family: Best for Loyalty Rewards
Pros
- Lexus Loyalty Perks: American Family provides generous rewards for Lexus drivers who stay with the company long-term.
- Strong Financial Backbone: With an A rating, American Family offers secure Lexus car insurance claims handling.
- Easy Digital Management: Lexus drivers can conveniently manage the different types of car insurance coverage AmFam offers online with its convenient digital platform.
Cons
- Slightly Higher Rates: At $152 monthly, Lexus drivers may find American Family costs more than options like Geico.
- Restricted Customization: Lexus policyholders may feel constrained by the limited policy customization options.
#5 – Amica: Best for Online Convenience
Pros
- Simple Lexus Policy Management: Amica provides an intuitive online platform for Lexus owners to handle their insurance and claims.
- Financial Strength: Amica’s A+ financial rating offers Lexus owners the assurance of a secure coverage provider. Compare ratings with top competitors in our Amica insurance review.
- Excellent Customer Service: Amica is highly rated for Lexus insurance customer service and claims handling, ranking #1 in J.D. Power satisfaction surveys.
Cons
- Minimal Personal Interaction: Lexus drivers may find Amica’s online-first model offers less personalized service.
- Limited Policy Options: Drivers will find more Lexus auto insurance add-ons with larger insurance companies.
#6 – Allstate: Best for Infrequent Drivers
Pros
- Great for Low-Mileage Drivers: Allstate enables Lexus owners who drive less to save through its usage-based policies.
- Solid Financial Strength: With an A+ rating, Allstate ensures dependable Lexus insurance. Our Allstate insurance review explores the company’s rankings.
- Accident Forgiveness Program: Lexus owners benefit from Allstate accident forgiveness, which avoids premium hikes after the first at-fault incident.
Cons
- Limited Savings for Frequent Drivers: Lexus owners who drive often may not see as much benefit from Allstate’s cost-saving opportunities.
- Variable Customer Service: Lexus car insurance customer service varies based on where drivers live and the agents in their area.
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#7 – Liberty Mutual: Best for Add-on Coverages
Pros
- Extensive Add-Ons: Liberty Mutual offers an array of Lexus and other luxury car insurance add-on options, such as new car replacement.
- Strong Financial Backing: With an A rating, Liberty Mutual provides Lexus drivers confidence in their coverage’s financial security.
- Digital Policy Tools: Lexus owners can easily manage their coverage and claims using Liberty Mutual’s online tools. Explore more in our Liberty Mutual auto insurance review.
Cons
- Higher Add-On Costs: Liberty Mutual’s comprehensive range of add-ons may lead to higher premiums for Lexus drivers, starting at $162 monthly.
- Complicated Discount Options: Lexus owners may find Liberty Mutual’s savings opportunities harder to navigate.
#8 – Farmers: Best for Industry Experience
Pros
- Expert Insurance Provider: Farmers brings decades of experience in offering insurance coverage suited to high-end vehicles like Lexus.
- Adjustable Lexus Coverage Plans: Farmers provides multiple coverage plans, allowing Lexus drivers to modify options to fit their unique requirements.
- Discounts for Good Drivers: Lexus owners can access premium reductions through Farmers’ safe-driving programs. See if Farmers offers affordable rates near you in our Farmers insurance review.
Cons
- Higher Lexus Premiums: At $167 per month, Farmers’ rates may be steeper for Lexus owners compared to other insurance providers.
- Fewer Digital Management Tools: Farmers offers fewer online options for Lexus owners to manage policies compared to other competitors.
#9 – The Hartford: Best for Senior Policies
Pros
- Tailored Insurance Plans: The Hartford offers highly adjustable policies specifically designed for older drivers who need affordable Lexus insurance.
- Robust Financial Rating: The Hartford’s A+ rating provides Lexus drivers peace of mind regarding financial reliability.
- Great Customer Service: The Hartford Lexus coverage ranks high for customer and claims satisfaction. Find out how long it takes for The Hartford to process a car insurance claim.
Cons
- Higher Cost of Coverage: The Hartford’s $169 monthly premium may seem pricey for Lexus drivers when compared to other insurers.
- Limited Availability: The Hartford car insurance for Lexus is only available to senior drivers who are members of AARP.
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#10 – Travelers: Best for Usage-Based Discounts
Pros
- Usage-Based Discounts: Travelers offers one of the biggest usage-based discounts on Lexus car insurance, up to 30%
- Top Financial Strength: Lexus drivers can trust Travelers’ A++ rating for strong, secure Lexus insurance coverage.
- Comprehensive Insurance Options: How can I pay my Travelers insurance premium? Travelers provides detailed Lexus insurance options and payment plans.
Cons
- More Expensive Premiums: Travelers’ $173 monthly rate for Lexus car insurance might be steep for drivers searching for more affordable policies.
- Delayed Claims Processing: Some Lexus drivers report longer claims handling times with Travelers compared to its competitors.
Exploring Lexus Insurance Costs: Minimum vs. Full Coverage Rates
Geico emerges as the most cost-effective option for both minimal and full coverage Lexus auto insurance, starting at $135/month for standard coverage and $254 monthly for a more comprehensive plan. In contrast, Travelers presents higher rates, particularly for full coverage, with prices reaching up to $312/month.
Lexus Car Insurance Monthly Rates by Provider & Coverage Level| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $156 | $296 |
| $152 | $281 |
| $167 | $306 |
| $135 | $254 |
| $162 | $297 |
 | $153 | $285 |
| $148 | $274 |
| $145 | $265 |
| $169 | $310 |
| $173 | $312 |
How much does Lexus LX car insurance cost? Lexus owners should thoroughly compare these rates to determine which provider strikes the best balance between their financial constraints and insurance needs.
Lexus insurance costs are shaped by a variety of elements specific to both the vehicle and the driver. The make and year of the Lexus significantly influence pricing, with newer models or high-end trims generally incurring higher insurance expenses due to increased repair and replacement costs.
The type of coverage selected will dictate the final price, with more complete coverage for luxury cars like Lexus typically coming at a higher rate. Location is also a key factor, as living in regions with elevated theft or accident rates can push insurance costs upward.
Ways to Lower Luxury Auto Insurance Rates for Lexus
Lexus drivers seeking to reduce their insurance premiums can benefit from a few strategic approaches. A driver’s record also plays a crucial role — those with a spotless driving history tend to receive lower premiums, whereas accidents or traffic infractions can lead to steeper charges.
Another effective way to lower Lexus insurance costs is by taking advantage of available discounts. For instance, installing advanced safety features in your Lexus can reduce premiums, along with other discounts listed here:
Car Insurance Discounts From the Top Providers for Lexus| Insurance Company | Available Discounts |
|---|---|
| Good Student Discount, Safe Driver Discount, Multi-Car Discount, Anti-Theft Discount |
| Defensive Driving Discount, New Car Discount, Multi-Policy Discount, Good Student Discount |
| Anti-Theft Discount, Defensive Driving Discount, Multi-Car Discount, Safe Driver Discount |
| Multi-Policy Discount, Good Student Discount, Defensive Driving Discount, Anti-Theft Discount |
| Multi-Car Discount, Defensive Driving Discount, Good Student Discount, Safe Driver Discount |
| Safe Driver Discount, Multi-Policy Discount, Anti-Theft Discount, New Car Discount |
| Anti-Theft Discount, Multi-Policy Discount, Defensive Driving Discount, Good Student Discount |
| Defensive Driving Discount, Multi-Car Discount, Good Student Discount, Safe Driver Discount |
| Safe Driver Discount, New Car Discount, Multi-Policy Discount, Defensive Driving Discount |
| Good Student Discount, Anti-Theft Discount, Defensive Driving Discount, Multi-Car Discount |
If you can afford it, opting for higher deductibles lowers can also monthly premiums, but it raises out-of-pocket costs if you ever file a Lexus car insurance claim.
Read More: How much does Lexus ES car insurance cost?
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Leading Auto Insurance Companies for Lexus Drivers
Geico, State Farm, and Progressive have cheap Lexus car insurance for most drivers. Geico is known for offering cost-effective insurance plans, delivering affordable premiums without compromising coverage quality.
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State Farm stands out for its exceptional customer service, providing personalized assistance and fast claims support. Progressive is recognized for its flexibility and usage-based discounts for safe drivers, helping reduce Lexus insurance costs even more.
How much does Lexus IS F car insurance cost? You’ll get the best Lexus auto insurance if you compare quotes from multiple companies and see how providers like Geico and State Farm compare to local insurers in your state.
Finding cheap Lexus car insurance quotes is easy. Just enter your ZIP code into our free comparison tool to instantly compare quotes near you.
Frequently Asked Questions
Is car insurance higher for Lexus?
Yes, auto insurance for Lexus vehicles is generally higher due to their luxury status, repair costs, and advanced features.
What is the cheapest Lexus to insure?
Lexus GX car insurance costs are typically the lowest due to its strong safety ratings and lower repair expenses.
How much should I pay for Lexus car insurance?
The average monthly cost of Lexus car insurance ranges from $125 to $167, depending on the model and coverage level.
What is the cheapest Lexus insurance for high-risk drivers?
State Farm often provides the most affordable Lexus insurance for high-risk drivers, offering competitive rates even for those with a poor driving history.
What color is the most expensive Lexus to insure?
Lexus insurance rates are not affected by the color of the vehicle. Your driving record and location have a bigger impact. Enter your ZIP code below to find cheap Lexus auto insurance near you.
Which is best for car insurance, Toyota or Lexus?
Toyota generally offers cheaper insurance rates than Lexus, as Toyota models have lower repair costs and are not considered luxury vehicles. Get the best Toyota car insurance discounts here.
Which is cheaper to insure, Lexus or BMW?
Lexus is usually cheaper to insure than BMW due to slightly lower repair costs and better reliability ratings.
What is the cheapest car insurance group for Lexus?
The Lexus CT200h falls into one of the cheaper insurance groups for the brand, thanks to its lower repair costs and solid safety features.
What age is Lexus car insurance the lowest?
Lexus car insurance rates are typically the lowest for drivers aged 40-55, as they are considered lower risk. Use our guide to find cheap car insurance for 50-year-old drivers.
Which type of Lexus car insurance is best?
Comprehensive coverage is often the best for Lexus drivers, offering protection against accidents, theft, and other damages.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, Finance101.com, and Forbes. As a parent herself, she ...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.