Best Lexus LC 500 Car Insurance in 2024 (Compare the Top 10 Companies)
Geico, State Farm, and Progressive are the top picks for the best Lexus LC 500 car insurance, with rates as low as $90 a month. Explore why these providers excel in offering exceptional value and comprehensive coverage for your Lexus LC 500, ensuring your vehicle is well-protected at a competitive rate.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Aug 26, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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13,128 reviewsCompany Facts
Full Coverage for Lexus LC 500
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviews
17,760 reviewsCompany Facts
Full Coverage for Lexus LC 500
A.M. Best Rating
Complaint Level
Pros & Cons
17,760 reviews
19,116 reviewsCompany Facts
Full Coverage for Lexus LC 500
A.M. Best Rating
Complaint Level
Pros & Cons
19,116 reviews
Geico, State Farm, and Progressive are the top picks for the best Lexus LC 500 car insurance, offering rates as low as $90 a month. This article examines why these companies excel in providing exceptional value, comprehensive coverage, and customer satisfaction for Lexus owners, ensuring you get the best protection for your luxury vehicle.
Buying a new car is both fun and a lot of work. If the Lexus LC 500 is on your list (or if you’ve already made your choice) you need all of the information before you move forward. We’ve gathered what you need to know when you buy a Lexus LC 500 right here.
Our Top 10 Company Picks: Best Lexus LC 500 Car Insurance
Company Rank Bundling Discount A.M. Best Best For Jump to Pros/Cons
#1 20% A+ Online Tools Progressive
#2 17% B Customer Service State Farm
#3 25% A++ Affordable Rates Geico
#4 10% A+ New Drivers Allstate
#5 15% A++ Military Families USAA
#6 10% A+ Personalized Plan Nationwide
#7 15% A Claims Service Farmers
#8 12% A Coverage Options Liberty Mutual
#9 13% A++ Hybrid Vehicles Travelers
#10 20% A Family Plans American Family
If you need insurance for a Lexus LC 500 right now, we can help. Enter your ZIP code for free Lexus LC 500 car insurance quotes from top companies.
- Safety features of the Lexus LC 500 can earn you a car insurance discount
- Crash test ratings have an impact on Lexus LC 500 auto insurance rates
- The cost of insurance for a Lexus LC 500 depends on the trim level
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#1 – Progressive: Best for Top Overall Pick
Pros
- Snapshot Program: Progressive offers the best Lexus LC 500 car insurance with personalized discounts through their Snapshot program based on driving habits. Delve into our evaluation of Progressive car insurance review.
- Comprehensive Coverage: They provide extensive coverage options, including liability, collision, and comprehensive, ensuring thorough protection for your Lexus LC 500.
- Customizable Policies: Progressive allows for highly customizable policies, giving Lexus LC 500 owners flexibility in choosing the coverage that best suits their needs.
Cons
- Inconsistent Rates: Progressive’s rates can fluctuate based on individual driving history and risk factors, leading to higher costs for some Lexus LC 500 owners.
- Mixed Customer Service Reviews: Their customer service has received mixed reviews, which could affect your experience with claims and policy management for Lexus LC 500 insurance.
#2 – State Farm: Best for Customer Service
Pros
- Competitive Rates: State Farm offers competitive rates for the best Lexus LC 500 car insurance, providing great value for extensive coverage. Unlock details in our State Farm car insurance review.
- Comprehensive Coverage: They provide a variety of coverage options, including liability, collision, and comprehensive, ensuring robust protection for your Lexus LC 500.
- Discount Opportunities: State Farm offers numerous discounts such as multi-policy savings and accident-free rewards, making it easier to reduce your overall insurance costs for your Lexus LC 500.
Cons
- Customer Service Variability: State Farm’s customer service can be inconsistent, which may impact your claims and support experience with Lexus LC 500 insurance.
- Limited Online Tools: Their online tools and mobile app might lack advanced features, making policy management less convenient for tech-savvy Lexus LC 500 owners.
#3 – Geico: Best for Affordable Rates
Pros
- Low Rates: Geico is known for offering some of the lowest rates for the best Lexus LC 500 car insurance, making it an affordable option for many drivers.
- Discount Programs: They provide numerous discounts, such as for good driving, multiple vehicles, and military members, further reducing costs for Lexus LC 500 insurance.
- User-Friendly App: Geico’s mobile app is highly rated for its user-friendliness, allowing Lexus LC 500 owners to manage their policies easily. Learn more in our complete guide, “Geico Car Insurance Review.”
Cons
- Limited Coverage Options: Geico may offer fewer coverage options compared to some competitors, which could limit customization for Lexus LC 500 insurance policies.
- Average Customer Service: Their customer service ratings are average, which might not meet the expectations of all Lexus LC 500 owners seeking premium service.
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#4 – Allstate: Best for New Drivers
Pros
- Safe Driving Rewards: as noted in our Allstate car insurance review they offer programs like Drivewise, which rewards safe driving habits with discounts, helping reduce the cost of insuring a Lexus LC 500.
- Accident Forgiveness: Allstate’s accident forgiveness option prevents rate increases after the first accident, valuable for Lexus LC 500 owners concerned about premiums rising after an incident.
- Variety of Discounts: Allstate provides multiple discounts, including those for new cars, multi-policy bundling, good student discounts, and anti-theft devices, making it easier for Lexus LC 500 owners to save.
Cons
- Average Customer Service: Allstate’s customer service and claims satisfaction ratings are average compared to top competitors, which might be a drawback for Lexus LC 500 owners prioritizing excellent service.
- Higher Rates for High-Risk Drivers: Premiums can be significantly higher for drivers with poor records, making Allstate less attractive for Lexus LC 500 owners with blemished driving histories.
#5 – USAA: Best for Military Families
Pros
- Top-Tier Coverage: USAA offers outstanding coverage for the best Lexus LC 500 car insurance, including comprehensive and collision. Unlock details in our USAA car insurance review.
- Exceptional Service: Known for exceptional customer service, USAA provides extensive discounts for safe driving and bundling multiple policies, benefiting Lexus LC 500 owners.
- Military Family Focus: They offer unique benefits tailored for military families, ensuring comprehensive protection and support for Lexus LC 500 insurance.
Cons
- Limited Eligibility: USAA’s services are only available to military members and their families, excluding a significant portion of potential customers looking for Lexus LC 500 insurance.
- Limited Availability: The exclusivity of their services means that many Lexus LC 500 owners may need to consider other insurance providers.
#6 – Nationwide: Best for Personalized Plan
Pros
- Solid Coverage: Nationwide offers solid coverage options for the best Lexus LC 500 car insurance.
- Discount Opportunities: As highlighted in our Nationwide car insurance discounts, their diverse range of discounts, provides substantial savings for Lexus LC 500 owners.
- Comprehensive Plans: Nationwide provides comprehensive insurance plans that include liability, collision, and comprehensive coverage, ensuring thorough protection for your Lexus LC 500.
Cons
- Slower Claims Process: Nationwide’s claims process may be slower compared to other top providers, which could affect overall satisfaction for Lexus LC 500 owners.
- Higher Premiums for Certain Drivers: Premium rates might be higher for drivers with poor credit or less favorable driving histories, impacting affordability for Lexus LC 500 insurance.
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#7 – Farmers: Best for Claims Service
Pros
- Comprehensive Coverage: Farmers offers comprehensive coverage for the best Lexus LC 500 car insurance. Learn more in our Farmers car insurance review.
- Multiple Discounts: They provide a variety of discounts, including those for multiple vehicles and good driving records, enhancing affordability for Lexus LC 500 owners.
- Wide Range of Options: Farmers offers a wide range of coverage options, allowing Lexus LC 500 owners to customize their insurance plans to fit their needs.
Cons
- Higher Premiums Without Discounts: Farmers’ premiums may be higher for drivers who do not qualify for their discount programs, affecting overall affordability for Lexus LC 500 insurance.
- Inconsistent Customer Service: Customer service experiences can be inconsistent, which might impact the overall claims process and policy management for Lexus LC 500 owners.
#8 – Liberty Mutual: Best for Coverage Options
Pros
- Comprehensive Protection: Liberty Mutual provides excellent coverage options for the best Lexus LC 500 car insurance. Read up on the Liberty Mutual car insurance review for more information.
- Discount Opportunities: They offer several discount opportunities, including bundling and new car discounts, which can enhance overall affordability and protection for Lexus LC 500 insurance.
- Personalized Policies: Liberty Mutual allows for personalized policies, giving Lexus LC 500 owners the flexibility to choose coverage that best suits their needs.
Cons
- Variable Customer Service: Liberty Mutual’s customer service can be variable, with some customers reporting issues with claims and support for Lexus LC 500 insurance.
- Higher Rates for Risky Drivers: Their rates might not be as competitive for drivers with less-than-perfect driving records, potentially leading to higher premiums for Lexus LC 500 insurance.
#9 – Travelers: Best for Discount Programs
Pros
- Extensive Coverage Options: Travelers provides comprehensive coverage for the best Lexus LC 500 car insurance. See more details in our guide, “Travelers Car Insurance Review.”
- Discount Programs: They offer various discounts, including those for bundling and completing defensive driving courses, which can help reduce overall insurance costs for Lexus LC 500 insurance.
- Reliable Protection: Travelers ensures reliable protection for Lexus LC 500 owners with extensive coverage and personalized policy options.
Cons
- Higher Rates for Risky Drivers: Travelers may have higher rates for drivers with less-than-perfect records, impacting affordability for some Lexus LC 500 owners.
- Variable Customer Service: Their customer service experiences can vary, potentially affecting the quality of the claims process and support for Lexus LC 500 insurance.
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#10 – American Family: Best for Personalized Service
Pros
- Strong Coverage: American Family offers strong coverage options for the best Lexus LC 500 car insurance, including comprehensive and collision. See more details on our American Family car insurance review.
- Discount Opportunities: They provide various discounts, such as bundling and safe driver incentives, which can significantly lower insurance costs for Lexus LC 500 owners.
- Personalized Service: American Family is known for personalized customer service, offering tailored insurance solutions to meet the specific needs of Lexus LC 500 owners.
Cons
- Slow Claims Processing: American Family’s customer service and claims processing can be slower compared to some competitors, potentially leading to longer wait times for resolution of Lexus LC 500 insurance claims.
- Regional Limitations: Their coverage options may be less extensive in certain areas, which could impact the availability and quality of service for some Lexus LC 500 owners.
Lexus LC 500 Cost Analysis
Geico and USAA offer some of the lowest rates for both minimum and full coverage, making them attractive options for budget-conscious drivers seeking affordable insurance solutions without compromising on essential coverage.
Lexus LC 500 Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $130 $280
American Family $105 $255
Farmers $115 $265
Geico $100 $250
Liberty Mutual $135 $290
Nationwide $125 $275
Progressive $110 $260
State Farm $120 $270
Travelers $122 $268
USAA $90 $240
Full coverage rates are significantly higher compared to individual coverage types. Comprehensive and collision coverages are more affordable options if full coverage is not required.
Geico’s competitive pricing is often complemented by a variety of discounts, including those for good drivers, students, and multi-policy holders. See more details on our “How do you get competitive quotes for car insurance?“
Lexus LC 500 Car Insurance Monthly Rates by Coverage Level
| Coverage | Rates |
|---|---|
| Comprehensive | $30 |
| Collision | $58 |
| Minimum Coverage | $33 |
| Full Coverage | $133 |
Take a look at how insurance rates for similar models to the Lexus LC 500 look. These insurance rates for other coupes like the MINI Cooper, Cadillac ATS-V, and Infiniti Q60 give you a good idea of what to expect.
Lexus LC 500 Car Insurance Monthly Rates vs. Other Vehicles by Coverage Type
| Vehicle | Liability | Collision | Comprehensive | Full Coverage |
|---|---|---|---|---|
| Cadillac ATS-V | $36 | $85 | $40 | $161 |
| Hyundai Veloster | $29 | $48 | $27 | $113 |
| Infiniti Q60 | $34 | $68 | $32 | $138 |
| Lexus LC 500 | $42 | $100 | $50 | $192 |
| Mazda RX-8 | $31 | $65 | $30 | $132 |
| MINI Cooper | $28 | $40 | $25 | $105 |
| Nissan 370Z | $32 | $70 | $35 | $137 |
| Nissan GT-R | $38 | $95 | $45 | $178 |
| Subaru BRZ | $30 | $52 | $28 | $120 |
The Lexus LC 500 has the highest total insurance cost among the listed vehicles. The MINI Cooper and Hyundai Veloster offer some of the most affordable insurance rates in comparison.
Lexus LC 500 Insurance Budget Tips
Save more on your Lexus LC 500 car insurance rates. Take a look at the following five strategies that will get you the best Lexus LC 500 auto insurance rates possible.
- Tell your insurer how you use your Lexus LC 500.
- Use an accurate job title when requesting Lexus LC 500 auto insurance.
- Use paperless billing for your Lexus LC 500 insurance policy.
- Get a plan with only liability coverage if you’re driving an older Lexus LC 500.
- Compare apples to apples when comparing Lexus LC 500 insurance quotes and policies.
By implementing these strategies, you can effectively lower your Lexus LC 500 insurance premiums. Always review your policy regularly and make adjustments as needed to maintain the best possible rates.
Progressive stands out with its Snapshot program and comprehensive coverage.
Brad Larson LICENSED INSURANCE AGENT
With careful planning and comparison, you can ensure you are getting the most value out of your Lexus LC 500 auto insurance. To find out more, explore our guide titled, “Is it cheaper to purchase car insurance online?“
These discounts from top insurance providers for Lexus LC 500 offer valuable opportunities for car owners to save money while maintaining comprehensive coverage and safety on the road.
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Factors Affecting Lexus LC 500 Insurance
Just like with any car, your Lexus LC 500 auto insurance premium will depend on a number of personal factors, including where you live, how well you drive, and your driving record.
Lexus LC 500 crash test ratings can impact the cost of your Lexus LC 500 car insurance. See Lexus LC 500 crash test results here. Delve into our evaluation of “What affects a car insurance quote?”
Lexus LC 500 Crash Test Ratings
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2024 Lexus LC 500h 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2024 Lexus LC 500 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 Lexus LC 500h 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 Lexus LC 500 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Lexus LC 500h 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Lexus LC 500 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 Lexus LC 500h 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 Lexus LC 500 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Lexus LC 500h 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Lexus LC 500 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 Lexus LC 500H 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 Lexus LC 500 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2018 Lexus LC 500H 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2018 Lexus LC 500 2 DR RWD | 5 stars | 5 stars | 5 stars | 4 stars |
The Lexus LC 500 trim level you buy will also have an impact on the total price you will pay for Lexus LC 500 auto insurance coverage.
Prime Lexus LC 500 Insurance Firms
What is the best company for affordable Lexus LC 500 insurance rates? Here are some of the top providers of Lexus LC 500 insurance coverage (arranged by market share), though the actual rates you pay will depend on a number of factors.
Top Lexus LC 500 Insurance Companies by Market Share
| Rank | Insurance Company | Premium Written | Market Share |
|---|---|---|---|
| #1 | State Farm | $66.1 million | 9.1% |
| #2 | Geico | $46.3 million | 6.4% |
| #3 | Progressive | $41.7 million | 5.7% |
| #4 | Allstate | $39.2 million | 5.4% |
| #5 | Liberty Mutual | $36.1 million | 5% |
| #6 | Travelers | $28.7 million | 4% |
| #7 | USAA | $24.6 million | 3.4% |
| #8 | Chubb | $24.1 million | 3.3% |
| #9 | Farmers | $20 million | 2.8% |
| #10 | Nationwide | $18.4 million | 2.5% |
You can compare quotes for Lexus LC 500 auto insurance rates from some of the best auto insurance companies by using our free online tool now. Read our extensive guide on “How do you get competitive quotes for car insurance?” for more knowledge.
Frequently Asked Questions
How are car insurance rates determined for a Lexus LC 500?
Car insurance rates for a Lexus LC 500 are determined by several factors, including the driver’s age, driving record, location, credit history, coverage options, and the specific insurance provider. The vehicle’s make and model, such as the Lexus LC 500, also play a role in determining the rates.
Are insurance rates generally higher for a luxury sports car like the Lexus LC 500?
Yes, insurance rates for luxury sports cars like the Lexus LC 500 tend to be higher compared to average sedans or compact cars. These higher rates are due to factors such as the vehicle’s higher value, expensive repair costs, increased risk of theft, and the potential for higher-speed accidents.
Read More: Best Insurance for Luxury Cars
How can I compare car insurance rates for a Lexus LC 500?
To compare car insurance rates for a Lexus LC 500, you can use our free online comparison tool all you have to do is enter your ZIP code below. Contact insurance agents directly, and request quotes from multiple insurance providers to find the best rate and coverage options.
Are there any specific insurance considerations for the Lexus LC 500?
When insuring a Lexus LC 500, consider factors such as the high value of the car, the cost of repairs, the need for comprehensive and collision coverage, and potential discounts for safety features or bundled policies.
Can I lower my insurance rates for a Lexus LC 500?
Yes, you can potentially lower your insurance rates for a Lexus LC 500 by maintaining a clean driving record, increasing your deductible, bundling insurance policies, installing safety features, and shopping around for the best rates.
Read More: 16 Ways to Lower the Cost of Your Insurance
What types of coverage are recommended for a Lexus LC 500?
For a Lexus LC 500, it is recommended to have comprehensive and collision coverage, liability insurance, uninsured/underinsured motorist coverage, and possibly gap insurance to cover the full value of the car in case of a total loss.
How does the Lexus LC 500’s safety features impact insurance rates?
The safety features of the Lexus LC 500, such as advanced driver assistance systems, airbags, and anti-theft devices, can positively impact insurance rates by reducing the risk of accidents and theft, potentially qualifying you for discounts.
What should I do if my Lexus LC 500 is involved in an accident?
If your Lexus LC 500 is involved in an accident, you should first ensure everyone’s safety, contact the police to file a report, exchange information with the other party involved, and notify your insurance company to start the claims process.
Read More: Understanding Car Accidents
Does the color of my Lexus LC 500 affect insurance rates?
The color of your Lexus LC 500 does not affect insurance rates. Insurance companies do not consider the color of a vehicle when determining rates, focusing instead on factors such as make, model, age, and driver history.
How can I find discounts for insuring my Lexus LC 500?
You can find discounts for insuring your Lexus LC 500 by asking your insurance provider about available discounts for bundling policies, maintaining a clean driving record, installing anti-theft devices, completing a defensive driving course, and paying your premium in full.
Finding cheap car insurance quotes is easy. Just enter your ZIP code into our free comparison tool below to instantly compare quotes near you.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
