The 2024 Lexus RX 350 costs an average of $2,160 per year ($180/month) to insure for full coverage — $156 above the national average.
How Much Does It Cost to Insure a Lexus RX 350?
The average cost to insure a 2024 Lexus RX 350 is $2,160 per year ($180/month) for full coverage — $156 above the national average of $2,004. This vehicle's insurance cost is driven by among the most reasonably priced luxury SUVs to insure — Lexus parts are affordable relative to European luxury brands.
| Insurer | Full Coverage/Yr | Liability Only/Yr | Best For |
|---|---|---|---|
| Geico | $1,814 | $691 | Clean record drivers |
| State Farm | $2,095 | $799 | Local agent experience |
| Progressive | $2,332 | $885 | High-risk drivers |
| Allstate | $2,570 | $972 | New car replacement |
| Nationwide | $1,965 | $756 | Safe driver rewards |
| USAA | $1,576 | $604 | Military only |
What Factors Determine Lexus RX 350 Insurance Rates
- Model year: Newer Lexus RX 350 models cost more to insure due to higher vehicle values and more expensive technology components.
- Trim level: Higher trim levels with more features cost more since repairs are more expensive.
- Your location: Lexus RX 350 insurance rates can vary by 50–100% between states.
- Your driving record: Your personal driving history affects your rate far more than the vehicle itself.
- Deductible choice: A $1,000 deductible instead of $500 reduces your Lexus RX 350 premium by approximately 15–20 percent.
Cheapest Way to Insure a Lexus RX 350
- Compare at least 5 insurers — rates for the Lexus RX 350 vary significantly between companies.
- Bundle your Lexus RX 350 insurance with home or renters insurance for 10–25% multi-policy savings.
- Choose a higher deductible to save 15–20 percent on collision and comprehensive.
- Enroll in a telematics program if you are a safe driver for 10–30% additional savings.
- Ask about anti-theft and safety feature discounts that apply to the Lexus RX 350.
Pro Tip
Get insurance quotes for the Lexus RX 350 before purchasing. The difference in insurance cost between trim levels and model years can be $400–$800 per year — a significant factor in total 5-year ownership cost.