Lexus Car Insurance

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If you’re shopping for a luxury vehicle, chances are Lexus is already on your list. This Japanese brand, part of the Toyota family, is known for its quality, reliability, and great resale value. If you’re planning to buy one, BrokerLink is here to help you find the perfect car insurance policy to match your new ride.

BrokerLink compares rates from a wide range of providers, ensuring you get the best deals available.

What is Lexus auto insurance?

Lexus insurance is the same as regular car insurance, except it's designed specifically for Lexus vehicles. In Canada, car insurance isn’t optional—you need it before you can hit the road. It’s there to protect you from the financial fallout of accidents and other unexpected events. For instance, if you’re responsible for an accident that damages someone else’s car or causes injuries, your insurance has you covered.

Once you set up a Lexus car insurance policy with your insurer, you’ll pay a premium to keep your coverage active. In return, your insurer helps cover costs related to accidents, theft, vandalism, and more, giving you peace of mind every time you drive.

Why you need Lexus car insurance

Driving without insurance in Canada isn’t just risky—it’s illegal. If you’re caught, you could face hefty fines that vary depending on where you live. And if you’re involved in an accident, things can get even more complicated.

Without insurance, you’ll have to cover the cost of repairs to your Lexus out of pocket, even if the accident wasn’t your fault. If you’re partially responsible, you could also be on the hook for damages to the other car and any medical expenses.

So, having Lexus car insurance isn’t just about following the law—it’s about protecting yourself financially and avoiding unnecessary headaches.

Types of Lexus car insurance coverage

No matter which of the many Lexus models you drive, you’ll need valid car insurance to hit the road in Canada. Some coverages, like third-party liability, are mandatory, while others, like accident forgiveness or comprehensive coverage, are optional.

When it’s time to choose an auto insurance policy for your Lexus, it’s a good idea to consult with an insurance broker like BrokerLink. We’ll make sure your policy meets the minimum requirements in your province and help you find the best coverage options for your needs.

Curious about coverage options for Lexus drivers? Here are the most popular types of insurance coverage:

Mandatory

Optional

Liability car insurance has your back if you’re found at fault for an accident. It helps cover things like medical bills for injuries, repair costs for damaged vehicles, legal fees, and even court costs if it comes to that. In Canada, third-party liability coverage is mandatory, so your Lexus car insurance will need to include it. But you get to decide how much coverage to buy as long as it meets your province’s minimum requirements.

[Not mandatory in Newfoundland] Accident benefits coverage steps in if you, your passengers, or even a pedestrian need medical care after an accident. While your health insurance might cover most of the costs, this coverage helps with things it doesn’t, like certain prescription meds or physical therapy.

[Not mandatory in Ontario] Direct compensation-property damage coverage, mandatory in some provinces, has you covered if you’re in an accident that’s not your fault. The best part? You skip the hassle of dealing with the other driver’s insurance and file the claim directly with your own insurer.

[Not mandatory in Alberta] Uninsured automobile coverage is required in some parts of Canada and offers important protection. It covers you and your passengers if you’re in an accident caused by a driver who doesn’t have enough insurance—or no insurance at all. It also covers hit-and-run collisions.

No matter what type of Lexus model you drive, collision coverage is essential for Lexus drivers. While it’s optional, this coverage protects you if you hit another car or an object on the road. It helps cover the cost of repairing or replacing your Lexus after an accident, giving you peace of mind and protecting your wallet.

Comprehensive coverage is another great optional add-on that protects your vehicle in a variety of situations. While most coverage focuses on accidents, comprehensive coverage steps in for things like theft, fire, water damage, or vandalism. It’s another popular choice among Lexus drivers for the extra peace of mind it provides.

One more type of optional car insurance coverage popular among Lexus drivers is accident forgiveness. Accident forgiveness is additional coverage that 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. Note: coverage varies by province.

If you're buying a new car, adding this coverage to your policy is worth considering. It ensures you're covered for the full value of your vehicle without factoring in depreciation. That means if your car is stolen or totalled, you'll be reimbursed for the cost of a brand-new vehicle—not just what it's worth after wear and tear.

If you ever get into an accident and your car needs repairs, loss of use coverage has your back. While your car is in the shop, this coverage helps pay for other ways to get around—whether that's hopping on public transit, using ride shares, or renting a car. It can be a real lifesaver, especially if your car ends up being out of commission for days or even weeks.

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How to pay less for Lexus car insurance

Insuring a luxury vehicle like a Lexus can get pricey, but at BrokerLink, we believe car insurance shouldn’t break the bank—no matter what you drive. That’s why we’re committed to finding you the best coverage at the most competitive rate.

The good news? There are plenty of ways Canadian drivers can save on their Lexus insurance premiums, such as bundling policies, using winter tires or keeping a clean driving record. To help you cut costs on your Lexus auto insurance, we’ve put together some handy tips below.

Discounts

Bundling policies

If you’re shopping for more than one type of insurance or already have policies like home insurance, bundling them with your auto insurance can be a great money-saving move. When you bundle policies together under the same provider, both policies receive a discount—it’s an easy way to get the best rates and enjoy a nice discount (sometimes as much as 15%)!

Insure multiple cars together

Bundling isn't just for home and car insurance. If you've got multiple vehicles, you can bundle policies with the same provider for another great way to save. For example, if you have a second vehicle for your spouse or adult child, insuring both cars together could earn you a multi-car discount—sometimes as much as 15% to 20% off each policy!

Get winter tires

Putting winter tires on your Lexus is another easy way to save on car insurance in Canada. They give you better traction on snow and ice, making winter driving safer, and many insurance companies reward this with discounts—sometimes up to 5% off your premium!

Use a tracking device

Did you know many car insurance companies now have usage-based insurance (UBI) apps that track your driving habits and reward you with discounts for safe driving? By driving less, braking smoothly, and staying safe, you could score some serious savings—up to 25% off your Lexus insurance!

Attend driving school

Attention new and young drivers! If you want to lower your insurance premium, think about enrolling in an accredited driving school. It’s a great way to boost your confidence, sharpen your driving skills, and even unlock discounts on your Lexus car insurance.

Maintain a safe driving record

Here’s another simple tip: safe driving is one of the best ways to score lower premiums. Insurance companies love low-risk drivers—no claims, no traffic tickets. Since they’re taking on risk by covering you, showing them you’re a safe driver really pays off. Keep your record clean and aim for at least six years of accident-free driving, and you’ll likely enjoy better rates as a reward!

Savings Options

Pay your premiums annually

If it fits your budget, think about paying your car insurance annually instead of monthly. Monthly payments usually come with extra administrative fees, which can add up and cost you more in the long run.

Increase your deductible

Another way to lower your insurance premiums is to increase your deductible. This is because having a higher deductible means less money your insurance company has to pay out when you file a claim. It’s a smart way to save on your Lexus insurance. Just be sure to pick a deductible that you can afford to cover if you ever need to file a claim.

Inquire about discounts

Talk with an insurance broker or agent to explore car insurance discounts that might apply to you. For example, many insurers offer special discounts for members of professional organizations or affiliation groups, for your loyalty, and for students, so it’s always worth asking!

Partner with an insurance broker

One of the best ways to save on your Lexus insurance costs is by working with a licensed brokerage like BrokerLink. We have access to a variety of insurance providers, so we can help you compare quotes, find discounts you qualify for, and customize your policy to make sure you’re only paying for the coverage you need.

Factors that affect how much Lexus insurance costs

The Lexus lineup includes some premium models, and insuring a Lexus can cost more compared to other vehicles. This means you should generally expect to pay higher insurance premiums when purchasing a Lexus.

That said, insurance providers don’t base rates solely on the make and model of your car. They consider a variety of factors, which is why two people driving the same Lexus can end up paying different car insurance rates. These factors include:

Driving history
Location
Age
Annual mileage
Past claims
How you use your vehicle
Marital status
How often you drive
Your deductible(s)
Credit history
The type of coverage you choose

To figure out what you can expect to pay to insure your Lexus, consider working with a BrokerLink insurance broker. Our experts work with leading insurance companies and can provide customized Lexus car insurance quotes, help you compare prices, and explain why you received a specific quote—all while finding you competitive rates.

About Lexus

Lexus, founded in 1989 as part of Toyota, has made a huge impact in the auto world in just a few decades. It’s now Japan’s top-selling premium car brand, sold in over 90 countries, with operational centers in Belgium and the U.S.

Over the years, the brand has built a loyal fan base, especially in North America, where the Lexus RX is a standout. Known for its reliability, quality, and smooth handling, the RX consistently tops the company’s sales charts. Other favourites include the GX SUV, praised for its all-terrain performance, and the LS sedan, which remains a hit with luxury car buyers.

Lexus also offers an impressive lineup of hybrid vehicles that blend luxury with eco-friendly performance. Models like the Lexus RX Hybrid, NX Hybrid, and ES Hybrid are designed to deliver exceptional fuel efficiency without compromising on power or comfort. With cutting-edge technology and smooth hybrid systems, these vehicles appeal to drivers looking for a more sustainable option without sacrificing the premium experience Lexus is known for.

Contact BrokerLink

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. Whether you’re looking to insure your new Lexus, obtain a free quote before buying, or renew your car insurance, get in touch!

We are always available to chat over the phone, by email, or in person at one of our many Canadian locations. You can also obtain free car insurance quotes online. We offer complimentary quotes to everyone, no matter what make or model of vehicle you drive. Don’t do it alone—let a BrokerLink insurance advisor help you today.

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What is the average insurance cost for a Lexus?

It's difficult to determine the average insurance cost for a Lexus because insurance companies consider a variety of factors when calculating car insurance rates, which is why two people driving the same Lexus can end up paying completely different insurance rates. Not only do they consider the make and model of your Lexus, but they also consider your age, driving experience, driving history, location, annual mileage, and many other factors. For a more accurate idea of what you’ll pay, request quotes from different insurance companies or work with a broker who can help you compare your options.

Are Lexus cars expensive to maintain?

While the upkeep cost may be higher than that of non-luxury cars, overall, Lexus vehicles are pretty affordable to maintain when compared to other luxury cars, especially if you stick to the recommended factory maintenance schedule, stay on top of scheduled services, and practice good driving habits. However, neglecting these things could end up increasing your expenses in the long run.

What is the average insurance cost for a Lexus?

Are Lexus cars expensive to maintain?

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Vehicle Insurance

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Lexus Car Insurance

What is Lexus auto insurance?

Why you need Lexus car insurance

Types of Lexus car insurance coverage

Third party liability coverage

Accident benefits coverage

Direct compensation coverage

Uninsured automobile coverage

Collision coverage

Comprehensive coverage

Accident forgiveness coverage

Waiver of depreciation

Loss of use coverage