Lexus Car Insurance

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Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on July 19, 2023

Visit author page
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated July 19, 2023

Visit author page

3 minute read

Article Contents

Lexus Auto Insurance

Lexus vehicles portray a sense of sophistication and grace—and that luxury appeal comes with a high-end price tag to match. Luckily, Lexus car insurance doesn’t have to break the bank. At MyChoice Financial, we can help you compare quotes from leading Canadian insurance providers in minutes. 

If you’ve always wanted to drive a Lexus but were afraid that your insurance premiums might be worse than the payments, get in touch with our team today. We have helped countless Lexus owners find affordable car insurance, and we can help you too.

A Brief History of Lexus

Started in 1983 as a new branch of the well-known Toyota company, Lexus was born out of export restrictions from Japan. With a limited number of automobiles allowed out of the country, manufacturers aimed only to send out expensive models—and Lexus was all about luxury.

Lexus really hit its stride in 1989, when it first rolled out the ES300, and SC 300. These sport coupes were stylish and fun, and people loved the luxury feel combined with a smooth ride. In 1991, Lexus beat both Mercedes Benz and BMW in turnover, coming out of the gate strong and establishing itself quickly in a notoriously competitive field.

In the late 1990s, Lexus began expanding beyond the sports coupe. Its niche moved into sports utility vehicles instead, opening up a new market for itself. By the 2000s, the company began to consider the need to be more eco-friendly and reduce emissions. 

Lexus has proven decade after decade that it can evolve with the times, which is one reason it is such a popular brand, but it is also a big influence on the variations in Lexus car insurance, which fluctuate wildly depending on the year and model.

Are Lexus Vehicles Expensive to Insure in Canada?

Many factors go into calculating the amount of your Lexis car insurance quote in Canada. Two of the most prominent influences are your driving history and age.

The younger you are, the more you can expect to pay for car insurance. Mature drivers have much lower premiums than younger drivers. Likewise, if you have a history of traffic violations or accidents, you can expect to pay a higher price than if you have a clean driving record.

However, more than just your driving history and age play a role. Your location also heavily influences how much you will pay for car insurance—some provinces have much higher rates than others. As mentioned, the model and year Lexus you drive also make a difference, as can your credit score and even your vehicle’s colour.

Calculating car insurance rates is complicated, but comparing rates doesn’t have to be. We can help you find the best deal on Lexus insurance without all the hassle of calling a long list of companies. Just answer a few questions, and we’ll present you with quotes for the best companies in Canada.

Most Popular Lexus Vehicles

Lexus vehicles are a popular choice nationwide. As these cars are associated with luxury and high living, many consider them to be status symbols. Some Canadians like the sports coupe Lexus varieties, and use these beauties as summer cars.

However, given the rough weather, many prefer the newer sports utility vehicles. In fact, two of the most popular Lexus models in Canada happen to be SUVs.

Lexus NX300

The Lexus NX300 is a luxury SUV with an excellent safety rating. It drives like a dream, even in rough Canadian winters. The NX300 is also relatively inexpensive as far as Lexuses go and can be an affordable option as a family car.

Lexus RX350

The Lexus RX350 has excellent safety ratings, except for problems with its headlights that the company has worked to fix. It has all of the bells and whistles that you would expect from Lexus and is easily one of the most popular models on the road.

Do Lexus Vehicles Have a Good Safety Rating?

Lexus currently has a good safety rating, which is why even though they make luxury sports coupes, Lexus car insurance is reasonable—but that’s a recent development.

As of 2020, Lexus gets at least four or five stars for the National Highway Traffic Safety Administration (NHTSA). All the company’s models come standard with excellent safety equipment, like adaptive cruise control, intuitive emergency brakes, and impact protection.

Some Lexus models have issues with their headlights, but these are minor flaws in the design. The company was also involved in a recent recall where 1.8 million older models exhibited fuel pump issues. This issue was present in Toyota models as well and caused significant problems for both the company and its brand image overall.

Lexus worked hard to fix the issue and was largely successful in recovering from the backlash. Just this year, Lexus seemingly regained its reputation for reliability and seems well on the road to living up to its price range once again.

Compare Car Insurance Quotes for Your Lexus With Us Today!

Who wouldn’t want to drive a Lexus? In addition to being excellent cars, these vehicles also are status symbols and incredibly stylish.

Given their luxury rating, though, many drivers assume that insurance costs for these beautiful machines must be through the roof. But the truth is Lexus car insurance quotes vary dramatically based on everything from your age to the age of the Lexus you choose.

Let us help you find the lowest possible quote with the best possible coverage for you.
The process is simple. Provide us with some basic information such as your name, birthdate, and vehicle information, and within three minutes, we’ll present you with a comprehensive list of quick quotes for cheap car insurance.

Congratulations! You made it to the end!

Now, here is the easy part: complete your quote in under 2 minutes

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