Lexus LC car insurance rates

Lexus LC car insurance rates

• How we got this rate

  To get this estimated cost, we aggregated quotes from insurance companies using this profile:

  • 30-year-old driver in Pennsylvania
  • Drives a 2018 Lexus LC 500
  • Drives 10,001 to 15,000 miles a year
  • Has no accidents in the past five years
  • Has an anti-theft device on the vehicle
  • Has good credit

How to compare insurance for the Lexus LC

When comparing your insurance options for your Lexus LC, consider these factors:

• Price. The Lexus LC is a luxury sports car, so you can expect to pay more than the national average to insure it. However, be wary of skimping on insurance coverage. You might end up footing a hefty bill if you need to make repairs and have limited coverage.
• Deductible. While a higher deductible could lower your monthly premium, repairing your Lexus could mean high out-of-pocket costs for you down the road.
• Coverage. Luxury car owners often choose to add more coverage options on top of the state minimum requirements because repairs can be costly. You may want to add collision coverage to offset the expensive repairs that come with the Lexus LC, as well as comprehensive coverage if you live in an area prone to flooding, hurricanes or theft.
• Manufacturer offers or other discounts. The Lexus LC comes equipped with lots of safety features, which could help you save on your monthly insurance premium.

What factors affect car insurance for the Lexus LC?

Luxury sports cars like the Lexus LC can be more expensive to insure than some other makes and models, both because repairs can be pricey and because sports car drivers are considered a higher risk for speeding.

However, the luxury car also comes standard with safety features including a backup camera, anti-lock braking system, 10-airbag system and more that can help you score a discount on your premium.

In general, the fancier package you get with your Lexus LC, the higher the value of your car — and the more expensive it is for insurance companies to provide coverage.

Does the Lexus LC qualify for discounts?

Aside from unlocking a new car discount, the Lexus LC comes equipped with lots of safety features that could help you save on your monthly premium, including:

• Anti-lock brakes
• Stability control
• Emergency braking assist
• Blind spot and lane departure warnings
• Comprehensive airbag system
• Seat belts with automatic pretensioners that engage in a collision
• Ignition disable device when manufacturer’s key is not detected

Reliability and safety ratings for the Lexus LC

JD Power gives the Lexus LC a 4 out of 5 rating for reliability, which isn’t surprising, considering that most Lexus models rank above average for this rating.

Because the Lexus LC was just released, official safety testing results aren’t available just yet. This sports car does come standard with a variety of safety features, including stability control, anti-lock brakes and automatic seat belts.

There is one recall on 2018 Lexus LCs to be aware of. For 2018 Lexus LC models with a 5.0L V8 engine and two high-pressure fuel pumps, damage to the pulsation damper in one of these fuel pumps may occur. This damage could result in fuel leakage, which may cause a fire.

The Lexus LC series maintenance

Like many luxury sports cars, the Lexus LC gets better fuel mileage than most SUVs, trucks and vans, especially when traveling on the highway. The average fuel economy for this model is 26 mpg in the city and 35 mpg on the highway.

However, luxury cars like the Lexus LC can be on the expensive side to maintain:

• An oil change for your Lexus LC could cost you around $110.
• The average cost of brake pad replacement for a Lexus LC is around $180 per axle.

Bottom line

A Lexus LC will probably cost more than the national average to insure because it’s an expensive vehicle to purchase and repair. As a luxury sports car, it’s also considered a higher risk for speeding and accidents, which could raise your premiums. But the variety of safety features that come standard with this Lexus model may help you unlock some discounts.

Compare car insurance rates from different companies to help you find the best value for your coverage.

Frequently asked questions about the Lexus LC

• What is the warranty for the Lexus LC?

  The Lexus LC comes with:

  • Basic warranty coverage for four years or 50,000 miles.
  • Powertrain warranty coverage for six years or 70,000 miles.
  • Wheel alignment and balancing coverage for one year or 12,000 miles.

• How much does the Lexus LC cost?

  This particular make and model starts at $92,000, which can mean higher insurance premiums since it’s expensive to repair.

• Is the Lexus LC made in the US?

  No, although Lexus does have a few factories in the US, this particular model is manufactured in Japan.

• What do I do if there is a recall on my Lexus LC?

  Contact Lexus customer service at 800-255-3987 or call your local dealer for more information and to schedule repairs.