Finding competitive auto insurance for a Toyota Highlander is usually pretty straightforward, but it hinges on a whole bunch of factors such as your marital status, your credit score, and citations or violations on your driving record. Drivers in Texas will pay on average $847 each year for Highlander insurance, but that is an estimate calculated based on a 50-year-old married female driver with full coverage and $1,000 deductibles.
But there is a high likelihood that you are not 50 years old and maybe not even female, you might be single instead of married, or maybe you have a speeding ticket or two that will increase rates. There is no perfect policy for every driver, so the only real way to find cheap insurance prices for your Toyota is to do the rate comparisons yourself. It takes less than five minutes and you will receive rate quotes from some of the most affordable companies that offer coverage in Texas.
Your Toyota’s trim level tends to have a direct effect on the yearly cost, so the cost to insure a Highlander 2WD model will cost $130 less than the price to insure the higher-priced Highlander Hybrid Limited 4WD version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$158||$260||$358||$22||$108||$906||$76|
|Highlander SE 2WD||$158||$260||$358||$22||$108||$906||$76|
|Highlander Sport 2WD||$158||$260||$358||$22||$108||$906||$76|
|Highlander Limited 2WD||$176||$306||$358||$22||$108||$970||$81|
|Highlander SE 4WD||$176||$306||$358||$22||$108||$970||$81|
|Highlander Limited 4WD||$176||$306||$358||$22||$108||$970||$81|
|Highlander Hybrid 4WD||$176||$306||$358||$22||$108||$970||$81|
|Highlander Hybrid Limited 4WD||$176||$306||$358||$22||$108||$970||$81|
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Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rates do not factor in vehicle location which can change price quotes noticeably.
Picking the highest-rated car insurance company can be challenging considering how many companies sell insurance in Texas. The rank data in the next section can help you analyze which car insurance companies to look at when trying find the best insurance for a Toyota Highlander. These rankings include the largest auto insurers in America, so companies that have a smaller presence will not be included in these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Discount Austin car insurance
Insurance companies that provide policies for a Toyota Highlander may have price discounts that can reduce rates by as much as 25% or more if you meet specific criteria. A list of insurance companies and a selection of discounts include:
- Progressive offers discounts for continuous coverage, online signing, multi-policy, online quote discount, and multi-vehicle.
- The Hartford has discounts for anti-theft, vehicle fuel type, driver training, bundle, good student, air bag, and defensive driver.
- Mercury Insurance discounts include annual mileage, multi-car, type of vehicle, low natural disaster claims, and anti-theft.
- GEICO may offer discounts for emergency military deployment, five-year accident-free, membership and employees, military active duty, anti-theft, and federal employee.
- AAA offers premium reductions for multi-car, education and occupation, good student, anti-theft, good driver, pay-in-full, and AAA membership discount.
- State Farm may have discounts that include anti-theft, accident-free, student away at school, multiple policy, good student, passive restraint, and multiple autos.
The information below illustrates the comparison of car insurance rates with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no claims or driving citations, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multiple vehicle, passive restraint, vehicle safety, accident-free, and marriage discounts applied. When these discounts are applied to the policy premium, theamount saved on insurance for a Toyota Highlander is 28% or $553.
The example below highlights how deductible choice can impact insurance premiums when searching for cheap insurance for a Toyota Highlander. Data assumes a married male driver, comprehensive and collision coverage, and no discounts are factored in.
A 50-year-old driver could lower rates by $382 a year by increasing from a $100 deductible up to a $500 deductible, or save $578 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, can save as much as $1,270 or even more by choosing larger deductibles on their policy.
If you do decide to increase your deductibles, it will be important to have additional funds in a savings account to be able to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Liability-only versus full coverage
Paying a lower price for insurance is the goal of most drivers, and a good way to save on the cost of insurance for a Toyota Highlander is to not buy full coverage. The example below shows the difference between insurance rates with full coverage and liability only. The information is based on no accidents, no driving violations, $250 deductibles, single status, and no discounts are applied to the premium.
Averaged for all age groups, comp and collision coverage costs an additional $2,417 per year more than just buying liability only. That raises the question if you should buy full coverage at all. There is no clear-cut formula of when to exclude full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s pretend your vehicle’s settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after you pay the deductible. If it’s costing in excess of $300 annually to have full coverage, then it’s probably a good time to buy liability coverage only.
There are a few situations where dropping physical damage coverage is not in your best interest. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage.
The agents shown below can probably help you decide which policy fits your needs best, as some people have coverage questions and would like to have the advice of a professional agent when shopping for cheaper insurance for a Highlander. It can be time-consuming to find the cheapest auto insurance company, and getting advice from a licensed Texas insurance agent can provide comfort knowing you have enough coverage when you need it.
To find an agent by location nearest to you, click the button after the list.
- Independent Insurance Agents
1115 San Jacinto Blvd – Austin, TX 78701 – (512) 476-6281
- Mitchamore Insurance Agency
560, 5316 W US Highway 290 Service Rd – Austin, TX 78735 – (512) 730-1424
- Ed Weeren Insurance Agency
300 E Highland Mall Blvd #208 – Austin, TX 78752 – (512) 454-5266
- Carmina Eaton – State Farm Insurance Agent
4201 W Parmer Ln b170 – Austin, TX 78727 – (512) 244-6641
- Watkins Insurance Group
3834 Spicewood Springs Rd – Austin, TX 78759 – (512) 452-8877