Toyota Highlander insurance cost image courtesy of QuoteInspector.com
Buying cheap insurance for a Toyota Highlander is dependent upon lots of different rating factors such as whether you are a homeower, the likelihood of your vehicle being stolen, and citations or violations on your driving record. Drivers in Texas will pay on average $1,111 per year for Highlander insurance, but that price is an estimate calculated based on a 30-year-old married female driver with both comprehensive and collision coverage and $500 deductibles.
The problem with using this number is the good chance you are not 30 and maybe not even a female, you might be single instead of married, or maybe you live in a different area as the quoted rates. Everone's needs are different, and this illustrates why the best method for finding the cheapest insurance price for your Toyota is to do your own rate comparisons.
Vehicle trim level impacts the coverage cost, so the price you will pay to insure a Highlander 2WD trim level will be $200 cheaper than the price to insure the fancier Highlander Hybrid Limited 4WD model, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$262||$392||$388||$24||$116||$1,182||$99|
|Highlander SE 2WD||$262||$392||$388||$24||$116||$1,182||$99|
|Highlander Sport 2WD||$262||$392||$388||$24||$116||$1,182||$99|
|Highlander Limited 2WD||$292||$462||$388||$24||$116||$1,282||$107|
|Highlander SE 4WD||$292||$462||$388||$24||$116||$1,282||$107|
|Highlander Limited 4WD||$292||$462||$388||$24||$116||$1,282||$107|
|Highlander Hybrid 4WD||$292||$462||$388||$24||$116||$1,282||$107|
|Highlander Hybrid Limited 4WD||$292||$462||$388||$24||$116||$1,282||$107|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rates do not factor in specific garaging location which can decrease or increase premiums greatly.
Determining which companies offer the cheapest auto insurance rates for a Toyota Highlander involves more time in order to find the lowest price. Each insurance company uses their own method to set their prices, so let's take a look at the most competitive auto insurance companies in Lubbock, TX.
We do need to point out that Texas auto insurance rates are determined by lots of factors that may substantially change the cost of having a policy. Simply getting older, buying a different home, or having an at-fault accident may cause policy rate changes that may make certain companies more affordable than before.
Best Auto Insurance Prices for Your Highlander
Travelers may offer some of the lowest car insurance rates in Lubbock at around $1,052 each year. This is $852 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the cheapest Lubbock, TX car insurance companies.
As depicted above, if you currently have a policy with Germania Mutual and switched to Travelers, you might achieve an annual savings of approximately $192. Insureds with Esurance might save as much as $369 a year, and California Casualty policyholders might lower prices by up to $386 a year.
Understand that those premium estimates are averaged for all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location for a Toyota Highlander. So the car insurance company that can offer you the best price may not even be in the top 23 companies in the list above. That is why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
Full coverage versus liability-only in Lubbock
Lowering the price of auto insurance is important to the majority of vehicle owners, and one common way to find cheaper insurance for a Toyota Highlander is to only buy liability coverage. The diagram below illustrates the comparison of car insurance rates when comparing full coverage to liability only. The premiums are based on no claims, a clean driving record, $250 deductibles, drivers are single, and no discounts are applied to the premium.
As an overall average, physical damage insurance costs $2,627 per year more than carrying just liability coverage. That proposes the question if buying full coverage is worth the expense. There is no exact rule to drop physical damage coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
Get discounts on Lubbock auto insurance rates
Insurance companies that offer coverage for a Toyota Highlander may additionally offer rate discounts that could potentially reduce rates by 25% or more if you are eligible. A few popular companies and some of the discounts are outlined below.
- American Family offers premium reductions for air bags, good student, defensive driver, multi-vehicle, and mySafetyValet.
- Nationwide offers discounts for accident-free, Farm Bureau membership, anti-theft, easy pay, and business or organization.
- MetLife may have discounts that include accident-free, good student, multi-policy, defensive driver, and good driver.
- 21st Century offers discounts including theft prevention, anti-lock brakes, good student, student driver, automatic seat belts, air bags, and teen driver.
- Farmers Insurance discounts include multi-car, alternative fuel, distant student, homeowner, switch companies, and business and professional.
- Allstate may include discounts for defensive driver, auto/life discount, good payer, passive restraint, and FullPay discount.
The illustration below shows the comparison of insurance prices with and without discounts. The prices are based on a male driver, no accidents or driving violations, Texas state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with accident-free, homeowner, multiple vehicle, safe-driver, anti-theft, and claim-free discounts applied. When discounts are factored in, theamount saved on auto insurance for a Toyota Highlander is 28% or $729.
How to find low-cost car insurance for a Toyota Highlander
Here are some thrifty ideas that can help drivers buy cheap auto insurance.
- Increase deductibles to save money
- Safer vehicles generally have cheaper insurance rates
- Being accident-free can lower rates significantly
- Better credit rating means better rates
- Do not get tickets
- Compare quotes from other companies often
The last tip in the list is particularly significant, as was noted in this piece. Car insurance prices vary greatly, so you should be ready to buy from a new company if a more affordable rate is found.
Many drivers tend to have loyalty to a certain company, but is isn't recommended if that faithfulness ends up costing you money that could be used for better things. Spend a few minutes and compare prices to find cheaper car insurance for a Toyota Highlander in Lubbock.
The insurance agents in Lubbock listed below are a good start to answer your questions and help you decide which auto insurance policy would work best for you, since some people prefer to have a professional recommendation when trying to find the best insurance rates for a Toyota Highlander. It can be complicated to find the best rates on your own, and professional agents can give comfort knowing your policy gives you suitable coverage if you have an accident. To find a Lubbock insurance agent near you, click the button after the list.
3206 34th St - Lubbock, TX 79410 - (806) 791-2892
Rick Rosas - State Farm Insurance Agent
6102 82nd St #12b - Lubbock, TX 79424 - (806) 776-3276
7335 82nd St # 4 - Lubbock, TX 79424 - (800) 701-5909