Lexus is the luxury arm of Toyota, a Japanese brand that’s the largest automaker in the world. While Lexus mainly focuses on SUVs, it has retained some sedans and convertibles in its line-up. Choosing between Lexus vehicles can lead to noticeably different auto insurance costs. Its vehicles are typically less expensive to repair than those of other luxury manufacturers since many components are shared with more affordable Toyota cars and SUVs. However, overall vehicle value, theft trends, and camera or sensor-heavy repairs can all affect the premium for a specific model. External factors also affect insurance quotes such as driver history, location, and how the vehicle is used and stored.
This page uses MyChoice’s internal quote data to show what Ontario drivers should budget to insure a Lexus, where the largest differences appear, and whether buying used offers meaningful savings.
Understanding the Lexus Insurance Picture
Lexus’s $2,422 median annual Ontario premium is just $77 above the $2,345 all-vehicle benchmark. Model-specific median estimates range from about $2,328 for the UX 300h to $3,103 for the NX 350, a $775 difference. The exact vehicle and powertrain matter more in determining the premium than Lexus’s small gap from the benchmark.
| Median Lexus premium (Ontario) | $2,422 |
| Lexus vs Ontario all-vehicle median | +3% |
| Cheapest Lexus model to insure in Ontario | UX300h AWD (~$2,328) |
| Most expensive Lexus model to insure in Ontario | NX350 AWD (~$3,103) |
| Cheapest alternatives to insure | Infiniti ($2,145), MINI ($2,003), GMC ($2,017), Dodge ($2,026) |
What Lexus Quote Data Shows by Ontario City
In our city-specific median premium data, two identical 2020 NX 300 entries with the same listed price carry a $3,161 premium in Oshawa versus $3,413 in Richmond Hill. This $252 difference clearly shows how a seemingly minor difference such as a postal code can dramatically affect insurance prices.
| City | Model | Model Year | List Price | Median Annual Car Insurance Premium |
|---|---|---|---|---|
| Oakville, ON | UX 300h AWD | 2025 | $49,235 | $2,373 |
| Oshawa, ON | NX 300 | 2020 | $54,981 | $3,161 |
| Richmond Hill, ON | NX 300 | 2020 | $54,981 | $3,413 |
| Sarnia, ON | NX 350 | 2022 | $58,170 | $2,408 |
Should I buy a New Lexus or a Used One?
Our dataset shows an estimated premium of $2,323 per year in auto insurance premiums for a used Lexus, $172 less than the $2,495 new-vehicle figure. Vehicle value, financing, deductible and any depreciation-waiver terms can all affect the outcome of a quote, regardless of whether the vehicle is new or used..
| Vehicle | Median Annual Car Insurance Premium |
|---|---|
| New Lexus | $2,495 |
| Used Lexus | $2,323 |
Lexus Inside a Tight Luxury-Brand Cluster
Lexus and Tesla are effectively tied in our data, with median annual premiums of $2,422 and $2,427 respectively. BMW is only $37 more expensive per year, while Infiniti is $277 cheaper. These narrow differences can easily change when an insurer considers the specific model, driver, postal code, coverage limits, and deductible.
| Car brand | Median Annual Car Insurance Premium |
|---|---|
| Infiniti | $2,145 |
| Lexus | $2,422 |
| Tesla | $2,427 |
| BMW | $2,459 |
| Volvo | $2,530 |
| Audi | $2,552 |
| Mercedes-Benz | $2,646 |
Lexus Insurance and Safety, Explained
How much does it cost to insure a Lexus in Ontario?
Lexus insurance costs a median of $2,422 per year in Ontario, based on MyChoice’s internal quote data.
Are Lexus vehicles reliable and safe?
J.D. Power’s 2026 U.S. Vehicle Dependability Study names Lexus the most reliable automotive brand in the industry, a result that’s frequently repeated in this annual research. Among Lexus’s line-up, the Insurance Institute for Highway Safety (IIHS) gives the 2026 Lexus NX its highest Top Safety Pick+ rating, but the brand’s other vehicles do not receive Top Safety Pick designation due to either lacklustre results in certain crash tests or incomplete results.