Delaney Simchuk, Car Insurance Writer
Insurance on a Lexus is about $2,499 per year for minimum coverage, based on multiple third-party sources online. Your exact annual premiums will depend on your state’s minimum coverage requirements, your age, your driving record, and which insurance company you choose. But you are likely to pay more for insurance on a Lexus than the average vehicle.
Factors That Affect the Cost of Insurance for a Lexus
The cost of car insurance varies based on the body type, age, and make of the specific vehicle. Typically, older vehicles are cheaper to insure simply because they are less valuable and thus less expensive to repair or replace. However, if you have upgraded features, this could make Lexus insurance more expensive, since vehicles with special features are often more complicated to repair.
To learn more, check out WalletHub’s guides to the average cost of car insurance and factors that affect car insurance rates.
People also ask
Did we answer your question?