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Ontario Lexus Insurance

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  • Personalized insurance protection that fits your lifestyle
Complete the form or call 1-800-463-8074 to speak with a licensed broker about Lexus Insurance today.

Lexus Insurance 

When you own a Lexus, you know that you are making a statement. They are very powerful and sleek vehicles, with new improved safety and technology features. Lexus’ are luxurious vehicles continuously working towards more innovative technology such as self-charging cars and are expanding into the electric market. Working with an insurance broker who specializes in luxury car insurance will ensure you and your Lexus are protected properly.

What Is Lexus Insurance?

Lexus insurance protects you and your high-value car. Your Lexus insurance will provide the mandatory auto insurance coverages for your Lexus vehicle that are required by Ontario law to ensure you are protected in the event of a claim. You have the option to increase those mandatory coverages and to add additional benefits and coverages to ensure your Lexus is protected. 

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Which Companies Offer Lexus Car Insurance?

There are numerous Canadian insurance companies that offer insurance for Lexus vehicles. To help save time and to make the process easier, you can work with an experienced insurance broker. Your dedicated insurance professional will provide multiple customized quotes from leading insurance companies and will personally work with you and provide guidance when determining which insurance coverage and insurance provider is best tailored to your lifestyle and type of vehicle. Work with Morison Insurance brokers and guarantee that you are properly protected!

What Does Lexus Insurance Cover?

In Ontario, it is required by law to have auto insurance, no matter what kind of vehicle you drive. The mandatory auto coverages include liability coverage, direct compensation uninsured automobile coverage, and accident benefits coverage. If you are looking for more insurance coverage for your Lexus, you are able to purchase additional coverages like extra liability and extra accident benefits. There are also many other optional coverages that can be added for additional protection. By doing this you guarantee that in the event of an insured loss, you have peace of mind knowing both you and your vehicle are protected. 

Additional Insurance Coverages

If you are looking for additional insurance protection, there are optional coverages that you can consider adding to your auto insurance policy. Some popular additional coverages include collision or upset coverage, comprehensive coverage, all-perils coverage, loss of vehicle use coverage, liability coverage for damage to non-owned automobiles, and depreciation deduction coverage.

All-Perils for your Lexus: Combines coverage of collision or upset and comprehensive coverages. All-perils coverage includes loss or damage caused if a person who lives in your household steals the Insured Lexus. Coverage also applies if an employee who drives or uses, services, or repairs the insured automobile, steals it.

Collision or Upset for your Lexus: Provides payment for losses caused when the insured automobile is involved in a collision with another object such as street signs or streetlights, or tips over. 

Comprehensive Coverage for your Lexus: Provides payment for losses other than those covered by Collision or Upset (shown above), including perils listed under specified perils, falling or flying objects, missiles, and vandalism.

Loss of Vehicle Use: Provides coverage for a Lexus rental while the insured vehicle is out of use due to a covered physical damage claim.

Liability for Damage to Non-Owned Automobiles: Extends coverage for liability for loss, or damage arising from the care, custody or control of a non-owned automobile such as rental car, including its equipment, not owned by the Insured.

Removing Depreciation Deduction Endorsement: Waives depreciation if you are the original owner/lessee of the Lexus, if the loss or damage occurs within a specified period from the purchase/lease date. Depending on the insurance provider, the length of the coverage may vary. The insurance provider will determine the length of the coverage. The standard allocated coverage period is 24 months; however, some companies will offer this coverage for up to 5 years.

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How Much Does Lexus Insurance Cost?

The average cost to insure a Lexus vehicle can range anywhere between $1,932 to $3,916 annually. When determining the insurance cost of your Lexus insurance premium, there are a number of factors that are considered including where you are located, your age, your driving record, the year and model of the Lexus, claims history, the coverages you choose, and many more. 

To get an idea of what the range of Lexus car insurance premiums could be, there is a table below that shows some sample pricing from actual quotes. Keep in mind that the insurance cost of your Lexus insurance will differ depending on your personal situation. To help make this process easy, and to get an accurate quote, speak to an insurance professional who can provide you with the best Lexus insurance quotes based on your personal circumstances and who will make sure you get all of the discounts you are eligible for.


Approx. Price (per year)

Lexus ES

$2,522 - $3,340

Lexus IS

$2,780 - $3,373

Lexus LC

$2,639 - $3,587

Lexus LX

$2,700 - $3,916

Lexus NX

$2,076 - $2,875

Lexus UX

$1,932 - $2,815

*The prices above were provided with the assumption that the driver had a good driving record (no previous tickets or accidents).

Why Is Lexus Insurance So Expensive?

There are many factors that contribute to the higher insurance rates for Lexus vehicles. Some of these factors include higher repair costs, luxurious features, as well as innovative technology

The annual premium for Lexus insurance varies between insurance companies. This is why it is important to get several insurance quotes for your luxury vehicle. Get in touch with an insurance agent who will provide you with multiple competitive quotes and insurance options so that you can compare insurance prices and coverages, and choose the best option that suits your lifestyle.

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Discounts Available For Lexus Auto Insurance

If you own a Lexus, there are many car insurance discounts offered by insurance providers that you may qualify for. Some of the most popular discounts that are available for Lexus insurance include:

  • Autonomous Emergency Braking Discount
  • Bundled Home and Auto Discount
  • Conviction-Free Discount
  • Claims-Free Discount
  • Driver Training Discount
  • Dual Insurance Policy Discount
  • Good Driver Discount Programs
  • Hybrid Car Discount
  • Loyalty Discount
  • Mature Driver Discount
  • Multi-Vehicle Discount
  • Retiree Discount
  • Short-Distance Commute Discount
  • Winter Tire Discount

The best way to save on Lexus insurance is by speaking with an insurance broker who will compare quotes to ensure you have the best Lexus insurance while getting all of the discounts you qualify for.

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Where Can I Buy Lexus Car Insurance?

You can get Lexus insurance from Morison Insurance. We are Lexus insurance experts and will shop at the most-respected insurance companies for various competitive quotes. We review coverages and insurance rates with you so you can select the Lexus insurance that is customized to meet your needs and ensure you get the best protection. Get started today by calling 1-800-463-8074 or submitting the form on our website. We look forward to working with you!


This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.

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