Lexus Car Insurance

Canadian drivers in the market for a luxury vehicle may choose Lexus for several reasons. The Japanese automobile brand, which is a division of Toyota, has made a name for itself owing to the quality, reliability, and resale value of its cars.

Plus, Lexus vehicles are known for their sleek exteriors and opulent interiors that are sure to please any driver. Even better, the automaker offers a wide range of passenger vehicles and SUVs to suit individuals and families alike. From the best-selling Lexus RX mid-size crossover to the LC coupe and LC Convertible, there is something for everyone.

Whether you recently bought a Lexus or are thinking of taking the plunge, BrokerLink can help you find the perfect car insurance policy to go with it.

No matter what make of car you buy, Canadian drivers are required to have valid, up-to-date car insurance with them at all times. But even if it wasn’t mandatory, car insurance offers plenty of benefits to drivers. For peace of mind, no matter what happens on the road, get Lexus auto insurance.

To learn more about Lexus car insurance, including the types of coverage options available to you and tips for saving money on auto insurance, keep reading.

Lexus brand overview

Lexus was founded in 1989 as a division of Toyota. Despite its relatively short tenure, it’s made a big splash in the auto world. In a little over 30 years, Lexus has become Japan’s best-selling premium car brand, has been marketed in over 90 countries worldwide, and has opened operational centres in Belgium and the United States.

To date, most Lexus models continue to be manufactured in Japan, in plants in Thaara, Kokura, and Miyata, to name a few.

Since the brand’s launch, they have amassed a devoted fan base. The Lexus RX has seen major success in North America and is consistently the company’s best-selling model. It is known for its superior reliability, quality, and handling. Meanwhile, the GX SUV, which offers all-terrain performance, and the LS sedan continue to be popular choices among consumers.

Lexus is also working on expanding its hybrid vehicle offerings, with eight models currently in its roster, including the plug-in NX 450h+ and the self-charging LSh.

Fun facts about Lexus

  • The first Lexus produced outside of Japan was the RX330, built at the Toyota assembly plant in Cambridge, Ontario, Canada in 2003.
  • Lexus did not exist as a brand in its home market of Japan until 2005, 16 years after it was established. Though vehicles were marketed internationally under the Lexus brand, all Lexus models were released in Japan under the Toyota marque until 2005.
  • Lexus is known for its superior service both during and after a sale. For example, Lexus dealerships have been known to feature several unique amenities like putting greens, cafes and refreshment bars, and on-site boutiques. It’s also common for Lexus dealerships to offer free car washes or complimentary loaner cars to customers.

Types of Lexus auto insurance coverages

No matter what model of Lexus you drive, you must have valid car insurance to hit the road in Canada. Some types of car insurance are mandatory, such as third party liability, while others are optional, like accident forgiveness or comprehensive coverage. When buying an auto insurance policy for your Lexus, we recommend consulting with an insurance broker. A broker will ensure your policy meets the minimum requirements set by the province you live in and can offer their unbiased opinion on the best coverage options for you. To learn more about the types of coverages available to Lexus drivers, keep reading.

Third party liability coverage

Third party liability coverage is mandatory in Canada. It protects you against the cost of accidental injury or property damage in the event you’re found at fault for a collision. This type of coverage can help pay for medical bills, vehicle repairs, legal counsel, and court fees.

Accident benefits coverage

Accident benefits coverage is also compulsory throughout Canada. It offers protection should you, a passenger, or a pedestrian require medical attention following an accident. No matter who is at fault for the accident, the policyholder can still recover compensation through the accident benefits portion of their policy.

Collision coverage

Collision coverage is optional to Canadian drivers, however, it can provide added peace of mind. This type of coverage protects the policyholder if they collide with another car or object. Please note that collision coverage can only be used to pay for costs associated with property damage, such as vehicle repairs, and not injuries.

Comprehensive coverage

For the highest level of financial protection, Lexus drivers may choose to buy comprehensive coverage. By including comprehensive coverage in your car insurance policy, your vehicle will be protected against theft, vandalism, fire, and water damage.

Accident forgiveness coverage

Accident forgiveness can be added to your car insurance policy as an endorsement, to protect your driving record, and to help prevent your insurance premium from increasing if you have an at-fault accident claim.

Direct compensation coverage

Direct compensation coverage is mandatory. If you suffer an injury or your vehicle is damaged in an accident that was not your fault, you are covered under the direct compensation portion of your policy.

Uninsured automobile coverage

Uninsured automobile coverage is also compulsory and aims to protect you and any passengers in your car if you get into an accident with an at-fault driver who is uninsured or underinsured.

What factors influence Lexus insurance premiums?

Calculating your insurance premium is far from simple. Insurance companies consider a wide range of factors, such as your age, location, marital status, gender, and more. In addition, insurance providers don’t all weigh these factors equally, which is why it’s so important to obtain multiple quotes in order to get the best rate for your car insurance. To learn more about which details can influence how much you pay for Lexus car insurance, keep reading.


Age is one of the top factors used to calculate insurance premiums. Young drivers tend to pay the most for insurance since they have little to no driving experience and therefore pose a greater risk. Conversely, seniors are another age group who often pay more for insurance, based on statistics.


Where you plan to drive your Lexus can also impact your insurance rate. If you live in a busy metropolitan area like Toronto or Calgary, your car insurance may cost more than if you live in a quiet, rural part of the country. Since there tends to be more traffic on the roads in urban areas, your odds of getting into an accident increase, and often so will your insurance premium. Lastly, if you live in a part of Canada prone to climate related incidents, your insurance premium could also be impacted.

Driving history

When calculating your Lexus car insurance rate, insurance companies will require information about your driving history, including your driving experience and driving record.

Ideally, you want to have several years of driving experience coupled with a clean driving record. Having both indicates that you are a safe and responsible driver, and you may pay less for insurance because of it. In contrast, if you have minimal driving experience (perhaps you are a young driver) or you have a poor driving record rife with speeding tickets, accidents, and DUIs, then your insurance rates may be higher.

Model and year of Lexus

The exact Lexus model you purchase could affect how much you pay for car insurance. Generally speaking, the more expensive the car, the more it will cost to insure, simply because repairs and the cost of parts are typically higher. Though all Lexus models are considered luxury vehicles, some are far more expensive than others. So if you’re looking to spend less money on car insurance, you may wish to purchase one of the cheaper models (like the Lexus UX or IS), or even a used model, which tends to cost less to insure.

How to pay less for Lexus car insurance

Auto insurance can be expensive, especially when insuring a luxury vehicle like a Lexus. No matter what car you buy, BrokerLink firmly believes that car insurance should never break the bank. This is why we promise to do everything in our power to find you the best car insurance policy at the most competitive rate. There are ways for Canadian drivers to save money on car insurance. To minimize how much you spend on Lexus auto insurance, check out the tips below.

  • Purchase car insurance for multiple vehicles together (savings of up to 20%)
  • Buy multiple insurance policies ( home insurance + car insurance, leisure vehicle insurance + car insurance, etc…) from the same provider (savings of up to 15%)
  • Increase your deductible
  • Enrol in driving school (for new drivers)
  • Purchase an eco-friendly Lexus model, such as one of their hybrid models (savings of up to 10%)
  • Pay auto insurance annually rather than monthly
  • Install winter tires on your Lexus

Talk to a BrokerLink expert about your Lexus car insurance

Want to learn more about Lexus car insurance? BrokerLink can help.

Our team of knowledgeable and friendly insurance advisors has years of experience insuring all brands of vehicles, including Lexus. So if you’re looking to insure your new Lexus, or want to obtain a quote before buying your new car, get in touch!

We are always available to chat over the phone, by email, or in person at one of our many Canadian locations.

We are eager to share our resources and expertise so that we can find you the best Lexus car insurance policy at the most competitive rate. Don’t go it alone - let a BrokerLink insurance advisor help.

Get an auto insurance quote [phone]

Lexus auto insurance FAQs

What is the least expensive Lexus model to insure?

This is a hard question to answer as many factors come into play when calculating car insurance rates. However, generally speaking, the cheaper the model, the less it will cost to insure. Therefore, the Lexus UX, IS, ES, and NX, which are the least expensive Lexus models on the market today, may be cheaper to insure.

That said, just because a car is less expensive to buy doesn’t automatically mean you will pay less for insurance. Several other factors impact your insurance rates, some of which are within your control and some of which are not.. For example, your age, location, gender, marital status, driving record, and annual mileage can all influence your premium.

Ultimately, insuring a luxury vehicle like a Lexus may be costly, but there are ways to save on insurance. Contact a BrokerLink insurance advisor to learn more about how you can pay less for your Lexus car insurance.

Can I buy Lexus auto insurance online?

Yes, you can buy Lexus auto insurance on the internet and it is perfectly safe to do so, however, shopping for car insurance isn’t always easy. With so many policy options and insurance providers out there, not to mention the complicated industry jargon, finding a car insurance policy can be stressful. That’s where we come in. By working with an expert insurance broker with BrokerLink, you can turn the tedious process of shopping for car insurance into an entirely stress-free one. We will do all the heavy lifting, obtaining and comparing quotes, unlocking discounts, and browsing coverage options, all in an effort to find the perfect policy for you.

Is Lexus car insurance mandatory?

Yes, car insurance is mandatory in Canada, no matter what vehicle you drive or which province you live in. Therefore, before you hit the road in your new Lexus, you’ll need to buy a valid car insurance policy. This policy must meet the minimum coverage requirements set by the province or territory in which you reside. Driving without car insurance or with car insurance that doesn’t meet the requirement can result in severe fines. To learn more about mandatory coverage in your province, get in touch with BrokerLink today.

*This article is in no way sponsored, endorsed, or associated with Lexus.

More ways to find a great car insurance rate

By driver:

By vehicle type:

By manufacturer:

By province:

By city:


Newfoundland and Labrador

New Brunswick

Nova Scotia