How does Lexus car insurance work?
Lexus insurance offers the same basic protections as standard auto insurance, but with features specifically designed for luxury vehicles. It safeguards your investment against accidents, theft, and other covered incidents, offering customizable coverage options such as comprehensive coverage. Driving uninsured leaves you financially responsible for all repair costs, even if you're not at fault. If you share responsibility, you'll also face expenses for the other vehicle's damage and any medical bills.
How much does Lexus insurance cost?
Lexus insurance tends to be higher than average compared to other sedans and SUVs. The cost of your policy will depend on the make and model you drive, features, and many other factors. Lexus drivers can expect to pay around $2,359 for auto insurance in 2025. This is about $197 per month.
Always review your options to get accurate car insurance quotes based on your specific driving situation. This will help you save and ensure you have proper coverage. This will help you save and ensure you have proper coverage.
Lexus car insurance rate changes by year
Since 2022, there has been an increase in premiums for Lexus drivers. In 2022, it cost drivers $1,496 annually to insure a Lexus. Rates were lower because of the discounts applied to premiums due to COVID. As of 2025, the average monthly premium for a G driver with a clean record is $2,359.
| Year |
Average annual premium |
| 2025 |
$2,359 |
| 2024 |
$2,512 |
| 2023 |
$2,127 |
| 2022 |
$1,496 |
| Average rate (2022-2025) |
$2,124 |
*
Lexus car insurance rates by city in Ontario
The average cost for Lexus coverage in Ontario is $2,486 ($207 monthly). If you drive in Mississauga, Brampton, Oshawa or Ajax, your monthly premium will be over $200. Newmarket has some of the lowest rates for Lexus drivers at $101 monthly, on average.
| City |
Avg premium |
Monthly |
| Ontario |
$2,486 |
$207 |
| Toronto |
$2,372 |
$198 |
| Ottawa |
$1,696 |
$141 |
| Hamilton |
$2,046 |
$171 |
| Mississauga |
$2,860 |
$238 |
| Kitchener |
$2,410 |
$201 |
| Brampton |
$3,097 |
$258 |
| Guelph |
$1,938 |
$162 |
| Markham |
$2,154 |
$180 |
| Barrie |
$2,161 |
$180 |
| Oshawa |
$3,213 |
$268 |
| Burlington |
$1,748 |
$146 |
| St. Catharines |
$2,262 |
$189 |
| Newmarket |
$1,215 |
$101 |
| Richmond Hill |
$2,317 |
$193 |
| Milton |
$1,927 |
$161 |
| Cambridge |
$1,984 |
$165 |
| Oakville |
$1,910 |
$159 |
| Ajax |
$2,926 |
$244 |
| North York |
$2,741 |
$228 |
**
Lexus insurance rates by model
The type of Lexus model you drive plays an important role in how much coverage will cost. UX models have the lowest average rates, while models have more expensive premiums due to sports trim and performance. With a clean record, you’ll be paying around $3,743 annually in Ontario**.
| Vehicle |
Premium |
Monthly payment |
| ES |
$2,219 |
$185 |
| IS |
$2,884 |
$240 |
| NX |
$2,491 |
$208 |
| UX |
$1,968 |
$164 |
| RX |
$2,512 |
$209 |
| TX |
$2,230 |
$186 |
| GX |
$2,129 |
$177 |
| LX |
$1,994 |
$166 |
| F |
$3,743 |
$312 |
**
Lexus car insurance by driver type
Demographics and driving history will alter how much you pay. Younger, single, and male drivers have higher Lexus premiums. Those with an accident or ticket on their record will also see a rate increase.
| |
Premium |
Monthly |
| Driver type |
| All drivers |
$2,486 |
$207 |
| Young drivers (25 and under) |
$3,192 |
$266 |
| Middle age (26 - 50) |
$2,624 |
$219 |
| Mature/senior drivers (50+) |
$2,144 |
$179 |
| High risk drivers |
$9,171 |
$764 |
| Demographics |
| Male |
$2,503 |
$209 |
| Female |
$2,446 |
$204 |
| Married |
$2,308 |
$192 |
| Single |
$2,680 |
$223 |
| Driving record |
| Clean driving record |
$2,486 |
$207 |
| 1 ticket within past 3 years |
$2,647 |
$221 |
| 1 accident in 3 years |
$2,898 |
$242 |
| 1 cancellation in 3 years |
$2,262 |
$189 |
| 1 suspension in 3 years |
$2,657 |
$221 |
**
Factors that impact Lexus auto insurance
Why are Lexus insurance premiums higher than average? Here are some of the factors affecting coverage costs:
- Where you live: Your location is a main factor used by insurers to assess your level of risk. Your province, city, and even your postal code will impact your payments.
- How you drive: How often, how many kilometers, and what you use your vehicle for are factored into your cost determination.
- Make and model: What you drive, its reliability, safety rating, and features impact premiums. More expensive models with a higher MSRP and repair costs will drive up costs. For example, the LC or LX models will cost more to insure than the IS or UX.
- Theft: The theft rate is used by insurers to assess risk. They are known to be a target for thieves. Some models have appeared on the most stolen cars in Canada list - the 2020 Lexus RX Series had 1,815 thefts in 2024, marking a 1.9% theft percentage frequency.
Is there a discount for Lexus car insurance?
As a driver of a Lexus, there may be discounts you are eligible for, such as bundled home and auto, loyalty discount, being claims-free, being drivers training certified, and short distance commute, to name a few.
To get an accurate quote, speak to a ThinkInsure broker who can provide you with the cheapest Lexus insurance quotes based on your personal circumstances and learn about available insurance discounts.
How Lexus car insurance costs compare to similar vehicle brands
Lexus insurance costs are pretty close to the average cost of luxury brands to insure. Cadillac and Acura have fewer options available though.
| Brand |
Premium |
Monthly Payment |
Difference |
| Lexus |
$2,486 |
$207 |
0 |
| Mercedes |
$2,592 |
$216 |
4.26% |
| Audi |
$2,569 |
$214 |
3.33% |
| BMW |
$2,574 |
$215 |
3.53% |
| Cadillac |
$1,999 |
$167 |
-19.50% |
| Acura |
$2,177 |
$181 |
-12.40% |
| Infiniti |
$2,512 |
$209 |
-1.04% |
| Jaguar |
$2,440 |
$203 |
-1.85% |
| Maserati |
$3,055 |
$255 |
22.80% |
| Land Rover |
$2,808 |
$234 |
12.90% |
**
