Cheapest Quotes for Toyota Highlander Insurance in Lubbock

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How long has it been since you compared quotes for low-cost Toyota Highlander insurance in Lubbock? Think you have high-priced Toyota Highlander insurance in Lubbock? It's quite common and you're not the only one.

Insurance for Toyota HighlanderRemarkably, a study showed that almost 70% of insureds in Texas have bought auto insurance from the same company for at least four years, and approximately 38% of consumers have never taken the time to shop around. Many consumers in the U.S. could save nearly $850 each year just by comparing rates, but they feel it's too difficult to find affordable rates by getting comparison quotes.

How to find low-cost rates for Toyota Highlander insurance in Lubbock

The best way we recommend to get budget Toyota Highlander insurance is to compare quotes annually from insurers that insure vehicles in Lubbock. You can compare prices by following these guidelines.

  • First, get a basic knowledge of auto insurance and the changes you can make to prevent expensive coverage. Many factors that cause high rates like getting speeding tickets and a less-than-favorable credit rating can be amended by making small lifestyle or driving habit changes.
  • Second, compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO and State Farm, while independent agents can provide rate quotes from multiple sources. View a list of agents
  • Third, compare the quotes to your existing policy to see if a cheaper price is available. If you find a lower rate quote and decide to switch, make sure coverage is continuous and does not lapse.
  • Fourth, give notification to your agent or company of your intention to cancel your current auto insurance policy. Submit a completed application and payment to the new company. As soon as you can, keep the new certificate of insurance above your visor, in the console, or in the glove compartment.

An important bit of advice to remember is to make sure you enter the same amount of coverage on every price quote and and to get price quotes from as many companies as you can. This guarantees a fair price comparison and and a good selection of different prices.

Online insurance companies like Progressive, GEICO and Farmers Insurance all promote huge savings with ads and it is challenging if not impossible to separate fact from fiction and effectively compare rates to find the best deal.

It's a good idea to check auto insurance prices at least once a year because auto insurance rates go up and down regularly. Even if you got the best premium rates on Toyota Highlander insurance in Lubbock a year ago the chances are good that you can find a lower price today. There is a lot of bad information regarding Highlander insurance on the web, but in just a couple of minutes you can learn the easiest ways to stop overpaying for insurance in Lubbock.

Coverage information

The price information shown next highlights a range of insurance coverage prices for Toyota Highlander models. Being aware of how policy rates are established is important for you to make smart choices when selecting a coverage provider.

Toyota Highlander Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $232 $322 $388 $24 $116 $1,082 $90
Highlander 4WD $262 $392 $388 $24 $116 $1,182 $99
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
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Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific zip code location which can impact insurance rates noticeably.

How high should deductibles be?

One of the hardest decisions when shopping for insurance is where to set your physical damage deductibles. The comparisons below lay out the rate fluctuation when you select higher and lower comp and collision deductibles. The first set of prices uses a $100 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Toyota Highlander insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $328 $486 $382 $22 $114 $1,357 $113
Highlander 4WD $370 $592 $382 $22 $114 $1,505 $125
Highlander Sport 4WD $370 $592 $382 $22 $114 $1,505 $125
Highlander SE 2WD $370 $592 $382 $22 $114 $1,505 $125
Highlander Sport 2WD $370 $592 $382 $22 $114 $1,505 $125
Highlander Limited 2WD $412 $698 $382 $22 $114 $1,653 $138
Highlander SE 4WD $412 $698 $382 $22 $114 $1,653 $138
Highlander Limited 4WD $412 $698 $382 $22 $114 $1,653 $138
Highlander Hybrid 4WD $412 $698 $382 $22 $114 $1,653 $138
Highlander Hybrid Limited 4WD $412 $698 $382 $22 $114 $1,653 $138
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Toyota Highlander insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $182 $256 $382 $22 $114 $956 $80
Highlander 4WD $206 $312 $382 $22 $114 $1,036 $86
Highlander Sport 4WD $206 $312 $382 $22 $114 $1,036 $86
Highlander SE 2WD $206 $312 $382 $22 $114 $1,036 $86
Highlander Sport 2WD $206 $312 $382 $22 $114 $1,036 $86
Highlander Limited 2WD $228 $368 $382 $22 $114 $1,114 $93
Highlander SE 4WD $228 $368 $382 $22 $114 $1,114 $93
Highlander Limited 4WD $228 $368 $382 $22 $114 $1,114 $93
Highlander Hybrid 4WD $228 $368 $382 $22 $114 $1,114 $93
Highlander Hybrid Limited 4WD $228 $368 $382 $22 $114 $1,114 $93
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Prices do not factor in specific Lubbock garaging location which can impact premium rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs about $41 more each month or $492 annually than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 22 months between claim filings, you would probably save some money if you choose a higher deductible.

Toyota Highlander liability-only versus full coverage

The information below compares Toyota Highlander insurance costs when comparing full coverage to liability only. The prices are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no set guideline for eliminating physical damage coverage, but there is a general convention. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let's say your Toyota Highlander replacement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $4,000 after you pay the deductible. If it's costing you more than $400 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are a few cases where dropping physical damage coverage is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Get Lower-cost Insurance Rates by Understanding These Factors

Lots of factors are considered when you get your auto insurance bill. Most are fairly basic like your driving record, but other criteria are not quite as obvious such as your marital status or your commute time. An important part of buying insurance is that you know the different types of things that play a part in calculating your car insurance rates. When you know what positively or negatively determines premiums, this allows you to make good choices that may result in big savings.

Shown below are some of the things that factor into your premiums.

  • Pay less with a high crash test rating - Safer cars get lower rates. Safe vehicles protect occupants better and reduced instances of injuries means lower claim amounts which can mean better rates for you. If your Toyota Highlander has at least an "acceptable" rating on the Insurance Institute for Highway Safety website it may cost less to insure.
  • City dwellers may pay more - Residing in smaller towns and rural areas of the country can be a good thing if you are looking for the lowest rates. Fewer drivers translates into fewer accidents in addition to fewer liability claims. City drivers have more road rage incidents and higher rates of accident claims. Longer commute distances means higher likelihood of an accident.
  • Gender and insurance rates - The statistics show that women are safer drivers than men. Now that doesn't mean women are BETTER drivers than men. Women and men are in at-fault accidents in similar numbers, but guys get into accidents with more damage. Men also tend to get cited for more serious violations such as reckless driving.

    The example below illustrates the comparison of Toyota Highlander yearly insurance costs for male and female drivers. Data assumes no tickets, no at-fault accidents, comp and collision included, $500 deductibles, drivers are not married, and no discounts are factored in.

  • Prevent your car from being stolen - Buying a car with a theft deterrent system can help bring down rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop auto theft.
  • Loss statistics for a Toyota Highlander - Insurance companies include the past claim history for a vehicle when they file their rates in each state. Models that the statistics show to have higher prevalence or dollar amount of losses will have higher premium rates.

    The table below outlines the historical loss data for Toyota Highlander vehicles. For each policy coverage, the statistical loss for all vehicles, regardless of manufacturer or model, is set at 100. Numbers below 100 suggest a positive loss record, while numbers shown that are more than 100 indicate more frequent losses or statistically larger claims.

    Insurance Loss Ratings for Toyota Highlander Vehicles
    Specific Toyota Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Toyota Highlander 4dr 2WD 88 82 94 94 78 75
    Toyota Highlander 4dr 4WD 95 86 117 88 74 78
    Toyota Highlander Hybrid 4dr 4WD 111 143
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Quote. Compare. Save.

You just learned quite a bit of information on how to compare Toyota Highlander insurance prices in Lubbock. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. Consumers may even find the most savings is with a small mutual company. Smaller companies can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.

Some auto insurance companies do not offer internet price quotes and many times these regional insurance providers sell through local independent agents. More affordable auto insurance in Lubbock can be sourced from both online companies as well as from insurance agents, and you should compare price quotes from both in order to have the best chance of saving money.

As you quote Lubbock auto insurance, you should never skimp on coverage in order to save money. In too many instances, an insured cut full coverage only to find out that the few dollars in savings costed them thousands. Your goal is to purchase plenty of coverage at the best possible price while still protecting your assets.

Steps to buying lower priced Toyota Highlander insurance in Lubbock

The easiest way to get cheaper car insurance rates in Lubbock is to regularly compare quotes from insurers in Texas. You can shop around by following these guidelines.

  • First, take a little time to learn about how insurance companies determine prices and the modifications you can make to prevent rate increases. Many policy risk factors that drive up the price like traffic violations and a not-so-good credit score can be controlled by being financially responsible and driving safely.
  • Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from a single company like GEICO or State Farm, while agents who are independent can provide rate quotes from multiple insurance companies.
  • Third, compare the price quotes to the price on your current policy to see if a cheaper price is available. If you can save money and change companies, verify that coverage does not lapse between policies.
  • Fourth, notify your company or agent to cancel your current policy and submit a completed application and payment for your new policy. When you receive it, put the new proof of insurance certificate in a readily accessible location in your vehicle.

A crucial key to this process is to make sure you're comparing identical limits and deductibles on each quote and to quote with as many car insurance companies as possible. Doing this guarantees the most accurate price comparison and the best price selection.

More detailed auto insurance information can be found at these sites: