Is Lexus ES 350 expensive to insure?
The Lexus ES 350 is generally considered a moderately expensive vehicle to insure, with average annual insurance costs ranging from $1,500 to $2,000 or more depending on various factors. However, the exact insurance costs can vary significantly based on the driver's age, location, driving record, and other personal characteristics.
Factors Affecting Lexus ES 350 Insurance Costs
The insurance costs for a Lexus ES 350 are influenced by several key factors:
- Vehicle Value: As a luxury midsize sedan, the Lexus ES 350 has a higher sticker price than many other vehicles, which translates to higher insurance premiums. The cost to repair or replace the vehicle in the event of an accident is a major consideration for insurers.
- Safety Ratings: The Lexus ES 350 has excellent safety ratings, which can help offset some of the insurance costs. Vehicles with advanced safety features are generally less expensive to insure.
- Driver Profile: An individual's age, driving record, credit score, and other personal factors play a significant role in determining their insurance rates. Younger, less experienced drivers or those with a history of accidents or violations will typically pay higher premiums.
- Geographical Location: Insurance costs can vary widely based on the driver's state and city of residence. Areas with higher population density, traffic congestion, and accident rates tend to have higher insurance premiums.
By considering these factors, drivers can better understand the potential insurance costs associated with owning a Lexus ES 350 and make informed decisions about their coverage needs.
Strategies to Manage Lexus ES 350 Insurance Costs
There are several strategies drivers can use to help manage the insurance costs for a Lexus ES 350:
- Shop Around: Comparing quotes from multiple insurance providers can help find the best rates for your specific situation.
- Maintain a Clean Driving Record: Avoiding accidents and traffic violations can significantly lower your insurance premiums over time.
- Consider Higher Deductibles: Opting for a higher deductible can reduce your monthly insurance costs, but you'll need to be prepared to pay more out-of-pocket in the event of a claim.
- Take Advantage of Discounts: Many insurers offer discounts for features like anti-theft devices, safety features, and bundling policies.
By understanding the factors that influence Lexus ES 350 insurance costs and implementing these strategies, drivers can work to keep their insurance expenses manageable while still enjoying the benefits of this luxury midsize sedan.
What cars have the highest insurance rates?
The most expensive cars to insure
| Make/Model | Annual premium | Monthly premium |
|---|---|---|
| BMW M8 | $5,201 | $433 |
| Maserati Ghibli | $5,065 | $422 |
| Porsche Taycan Turbo | $5,001 | $417 |
| BMW I7 | $4,929 | $411 |
How much is it to insure a Lexus ES 350?
Lexus ES 350 Insurance Rates by State *
| State | Good Driver | Poor Credit |
|---|---|---|
| California | $3,032 | $3,032 |
| Colorado | $2,830 | $5,025 |
| Connecticut | $3,615 | $7,117 |
| Delaware | $2,993 | $5,123 |
Do Lexus cost a lot to insure?
The LS is Lexus' most expensive sedan to buy and to insure. A full coverage car insurance policy for a Lexus LS costs $557 per month, on average. But a 2024 Lexus LS costs $578 per month, on average, $10 per month less than the 2023 model.
Are Lexus ES 350 expensive to maintain?
The average annual repair cost for a Lexus is $551, which means it has above average ownership costs. The other factors that contribute to Lexus reliability include an average of 0.5 visits to a repair shop per year and a 8% probability of a repair being severe.
Is Lexus IS 350 expensive to insure?
Auto insurance for a Lexus IS 350 will cost about $3,110 per year. This is more than the national average for luxury sedan models by $215.
Is Lexus 350 expensive to maintain?
The annual maintenance cost of a Lexus RX350 is $550. Repair and maintenance costs vary depending on age, mileage, location and shop.
Is the Lexus ES 350 a reliable car?
How Reliable Is the Lexus ES 350? RepairPal gives the Lexus ES 350 a 4.0 out of 5.0 reliability rating, ranking it fourth out of 31 luxury midsize cars. This model's annual repair and maintenance costs are usually around $470—that's $270 lower compared to other luxury midsize cars.
What is the average life of a Lexus ES 350?
between 220,000 and 250,000 miles
On average, a Lexus ES 350 can last between 220,000 and 250,000 miles. But how does this compare to its competitors? To assess the reliability of the ES 350, it is important to analyze its performance compared to its competitors. Let's take a look at below.
How many miles will a Lexus ES 350 last?
between 220,000 and 250,000 miles
The burning question for potential buyers, whether considering a new or used Lexus ES 350, is how many miles this vehicle can go. On average, a Lexus ES 350 can last between 220,000 and 250,000 miles. But how does this compare to its competitors?
Is Lexus cheaper to maintain than Toyota?
Is Maintaining a Lexus a Costly Endeavor? It is not quite as cheap to maintain a Lexus as it is to keep a Toyota, but it's pretty close. Maintenance and repairs are pretty inexpensive for Lexus because it is Toyota's luxury subsidiary.
