Is Lexus ES 350 expensive to insure?
The Lexus ES 350 is a popular luxury sedan known for its reliability, comfort, and advanced features. However, when considering purchasing or owning this vehicle, one important factor to evaluate is the cost of insurance. In this article, we’ll explore whether the Lexus ES 350 is expensive to insure and what factors influence its insurance rates.
Factors That Influence Insurance Costs for the Lexus ES 350
Insurance premiums for any vehicle, including the Lexus ES 350, depend on a variety of factors. Here are the key elements that can impact the cost:
- Vehicle Value: The Lexus ES 350 is a luxury vehicle, and its higher price tag compared to non-luxury sedans can lead to higher insurance premiums. Insurers consider the cost of repairs or replacement when determining rates.
- Safety Features: The ES 350 is equipped with advanced safety features such as adaptive cruise control, lane-keeping assist, and automatic emergency braking. These features can help reduce insurance costs by lowering the risk of accidents.
- Driver Profile: Factors such as the driver’s age, driving history, and location play a significant role. For example, younger drivers or those with a history of accidents may face higher premiums.
- Repair Costs: Luxury vehicles like the Lexus ES 350 often require specialized parts and service, which can increase repair costs and, consequently, insurance rates.
- Insurance Provider: Different insurance companies assess risk differently, so rates can vary significantly between providers.
Is the Lexus ES 350 More Expensive to Insure Than Other Sedans?
Compared to non-luxury sedans, the Lexus ES 350 is generally more expensive to insure due to its classification as a luxury vehicle. However, it is worth noting that the ES 350 is often less expensive to insure than other luxury sedans in its class. This is largely because Lexus vehicles are known for their reliability and lower-than-average repair costs for luxury cars.
Additionally, the ES 350’s strong safety ratings and advanced safety features can help offset some of the higher costs associated with insuring a luxury vehicle. Drivers who maintain a clean driving record and take advantage of discounts offered by insurers (such as bundling home and auto insurance) can further reduce their premiums.
Tips to Lower Insurance Costs for the Lexus ES 350
If you’re concerned about the cost of insuring a Lexus ES 350, here are some tips to help you save:
- Shop Around: Get quotes from multiple insurance providers to find the best rate for your needs.
- Maintain a Clean Driving Record: Avoid accidents and traffic violations to qualify for lower premiums.
- Consider Higher Deductibles: Opting for a higher deductible can reduce your monthly premium, but be sure you can afford the deductible in case of a claim.
- Take Advantage of Discounts: Many insurers offer discounts for features like anti-theft devices, good student performance, or bundling policies.
- Drive Less: Some insurers offer lower rates for drivers who log fewer miles annually.
Conclusion
While the Lexus ES 350 may be more expensive to insure than non-luxury sedans, it is often competitively priced compared to other luxury vehicles. By understanding the factors that influence insurance costs and taking proactive steps to reduce premiums, you can enjoy the comfort and reliability of the Lexus ES 350 without breaking the bank on insurance.
Frequently Asked Questions
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 |
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 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.
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.
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.
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 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.
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 |
