The Lexus IS, formerly known as the Toyota Altezza in Japan, is a luxury car that has been in the American markets since 2000. The Lexus IS is a popular car in the used car market in the United States. If we compare the cost of insuring the Lexus IS to those of other luxury cars, it is evident that insuring the Lexus IS is relatively affordable.
As of December 4, 2013, Maine is the least expensive state to insure a Lexus IS, though the median price of the car is $24,591 here. The annual average insurance in Maine is $1106, i.e., 4% of the total costs.
The median price of the Lexus IS is the least in Oklahoma, where it is available for around $16,988. However, the insurance costs are high in this state. The average insurance paid by Lexus IS drivers in Oklahoma is $2662, i.e., 15% of total costs.
Insuring the Lexus IS is the most expensive in the states of Louisiana, Michigan, and Georgia. The average insurance rates in these states are $2891, $3128, and $3274, respectively. The median prices of the Lexus IS in these states are $29,700, $23,000, and $26,998, respectively.
The states where the Lexus IS is the cheapest to insure are listed in the table below. The insurance percentage given in the table is the percentage of the median price that you spend on insurance.
|State||Year Range||Insurance Average ($)||Median Price ($)||Insurance Percentage (%)|
|Maine||2005 - 2012||1,106||24,591||4|
|Ohio||2005 - 2012||1,255||24,990||5|
|Iowa||2005 - 2012||1,269||23,988||5|
|North Carolina||2005 - 2012||1,341||26,999||4|
|Wisconsin||2005 - 2012||1,363||20,091||6|
If you live in one of the states where the price of the car is above $18,000, you could buy it from Oklahoma and have it shipped back home. But you do not have the option of buying insurance in another state. You could, however, speak to your insurance carrier about lowering your premium if you install an anti-theft device in your car. You could also add teenage drivers to your policy to lower your overall costs.