Lexus Auto Insurance

Lexus is the luxury vehicle division of the Toyota Motor Corporation, headquartered in Nagoya, Japan. The first model, the Lexus LS, was introduced to the American automobile market in 1989. The Japanese automaker had been formulating and designing the luxury car in the utmost secrecy since 1983. It was a bold and savvy move on the part of Toyota, which up until then, was mainly known for manufacturing small sized, dependable cars and selling them at a reasonable price. The timing was perfect also since another Japanese car manufacturer, Nissan, announced plans to create their own luxury line of vehicles which would be known as Infinity.

Since the original model was offered to consumers, Lexus added a sedan, a coupe, a convertible and an SUV to its lineup of cars. In 2005, the hybrid model of the RX crossover was introduced. For 2012, Lexus features a large selection of sedans, SUVs, and Hybrids. Prices start from around $33,500 and go as high as $113,000. If you're looking for a super performance vehicle, the Lexus LFA starts at a cool $375,000!

Toyota painstakingly researched what consumers in the upper class car market needed and wanted in a luxury automobile. The company went so far as to send a specialized team to Laguna Beach, California, to interview and study the tastes and preferences of high-end consumers. This attention to detail and acknowledgement of what actual luxury car buyers wanted paid off when Lexus was first introduced in the U.S. In a relatively short timeframe of 22 years, Lexus has established itself as the biggest selling brand of luxury automobiles.

Lexus owners are loyal to the brand and enjoy the perks of the "royal treatment" which is provided by Lexus dealerships. Lexus was one of the first car companies to provide a luxurious waiting area when customers brought their vehicles in for service. Normally this consisted of a plush seating area, a full refreshment bar, and sometimes even a putting green! Some dealerships today have cafes and boutiques where customers can browse and relax while waiting... royalty, indeed.

Lexus is a very prestigious brand of automobile and purchasing auto insurance for it will not be cheap. Luxury cars generally cost more to insure simply because the parts and labor are more expensive in the case of an accident. Before making a final decision, talk with several different insurance companies and compare quotes. Look into available discounts and use them when writing up your policy. Your personal information probably has the most impact on the rates you will pay. Insurance agents will factor in your age, where you live, your driving record, and even your credit score to determine the cost of your annual premium.

If you are purchasing an expensive vehicle like a Lexus, it is recommended that you invest in a state-of-the-art security system, GPS tracking system and other top quality anti-theft devices. The more safety features your Lexus has, the lower your premium should be.

Risk considerations for Lexus
According to the National Insurance Crime Bureau, no Lexus models were listed on their Top 100 Most Commonly Stolen Vehicles report. This fact can sometimes lower the rate you will pay for car insurance so it is worth mentioning to an agent when formulating your personal policy.

Crash Test Results for Lexus
Every year, the Insurance Institute for Highway Safety tests thousands of vehicles to determine crashworthiness. This translates to how well a certain car model will protect its occupants in the event of a crash. The following Lexus models were named as Top Safety Picks for 2012 by the IIHS. This means these cars received a good rating in all areas- high speed front and side crash tests, head/seat restraint protection against neck injuries in a rear impact crash, and the rollover crash test.

  • Small cars- Lexus CT 200h
  • Midsize luxury SUVs- Lexus RX

Lexus auto insurance coverage costs
A smart consumer should always include the cost of car insurance when budgeting for car ownership expenses. An expensive, luxury brand such as Lexus will generally cost significantly more to insure than a more moderately priced vehicle. In the event of an accident, repair costs will be higher due to increased parts and labor costs. Remember, too, that rates can vary according to the make and model of the car you are insuring.

When budgeting for insurance coverage, the following quotes should be used as a guideline for what you might be expected to pay. Your actual premium cost may be quite different depending on your personal information and situation. The Lexus ES, GX, and RX models generally will cost around $1400 for an annual premium. The Lexus GS averages around $1855 per year while the GS 460 runs about $1940 for a yearly policy. The Lexus L Series normally is the most expensive line to insure. Most of these models run from $2000 to $2500+ for annual policies, depending on the specific model.