
Average Toyota Highlander car insurance cost can vary significantly based on factors like driver age, risk profile and coverage options. Prices also tend to differ significantly by state. Discounts such as safe driving discounts and bundling policies could help drivers lower their premium costs further.
Full coverage for a Toyota Highlander typically costs around $1,376 annually and typically includes liability, comprehensive, and collision coverage.
Liability Only Coverage
While full coverage on a Toyota Highlander is costly, liability-only insurance can help lower costs significantly. On average, 2023 Toyota Highlanders typically cost an estimated average cost of liability-only car insurance of $1,762 annually (roughly $147) or around $147% each month in premium payments based on age, location, driving record and trim level; rates can also vary based on age, location, driving record and trim level - you could lower rates by maintaining good driving records, shopping around, bundling policies together or taking advantage of discounts offered through various providers.
A typical full coverage insurance policy offers liability, collision (optional but can help pay to repair or replace vehicle if involved in an accident with another vehicle or object) and uninsured motorist coverage - while some insurers also provide roadside assistance as an add-on.
Your driving history is the primary determining factor when it comes to insuring a Toyota Highlander, with traffic violations and accidents impacting premiums significantly. Even one moving violation can increase them up to $462 annually!
Steps can be taken to lower Toyota Highlander insurance rates by maintaining a clean driving record and gathering multiple quotes from various insurance providers. One way is using an online comparison tool which will show rates from multiple providers at the same time - this will help ensure you find the most economical deal on car insurance coverage.
There are other factors that could impact the Toyota Highlander's insurance rates, including your credit score and location. Rural areas usually offer lower premiums due to lower levels of accidents and injuries than larger cities. Furthermore, you should always keep an eye out for discounts that could significantly decrease your premiums; such as being an excellent driver, bundling policies together or military veteran status as common discounts.
Though the Toyota Highlander is an attractive, safe and reliable vehicle, its insurance costs may not be as affordable compared to other cars. But you can still save money on car insurance by improving your driving habits, seeking multiple quotes and taking advantage of any available discounts.
Comprehensive Coverage
Comprehensive insurance is intended to cover damage that occurs outside of an accident, which could include uninsured drivers. Also referred to as other than collision coverage or simply comprehensive, comprehensive policies are typically optional; however if leasing or financing your Toyota Highlander your lender may require it. Besides covering repairs or replacement of your vehicle and medical costs associated with being hit by uninsured drivers.
MoneyGeek conducted an analysis on full coverage insurance costs for this car model and found that an experienced driver around age 40 could expect to pay around $1,637 annually - significantly lower than midsize SUV rates on average.
Numerous factors affect the cost of Toyota Highlander insurance, including your driving history and age, location, liability limits and deductibles chosen, trim level choice (for instance 2023 Toyota Highlander Hybrid Limited AWD has higher MSRP but lower premium rates), model year/trim level choice etc.
While no guarantees can be given as to whether you will find the most affordable Toyota Highlander insurance rates, there are still steps you can take to improve your chances. Avoiding speeding tickets and violations as much as possible and staying current with payments should help. Also keep in mind that being a safe driver often comes with discounts attached; check your policies thoroughly for such options!
Make sure to mention any safety features installed on your Toyota Highlander when searching for auto insurance, as this can often qualify you for discounts. Also be sure to compare quotes from multiple companies so that you're getting the best possible deal!
Collision Coverage
The Toyota Highlander is an affordable SUV to insure. Although insurance rates depend on numerous factors, you can reduce premiums by shopping around and taking advantage of discounts. Our free quote tool above can help you compare rates quickly - enter your ZIP code now to start seeing how much money can be saved with auto insurance for your Highlander!
Toyota Highlander owners typically pay an average annual premium of $1,410 with full coverage insurance - this figure includes liability, comprehensive, and collision. Although these rates may be on the higher side of midsize SUV insurance coverage costs, they're still less costly than some vehicles such as 4Runners or RAV4s; so much so that a Toyota Highlander is often cheaper to insure than both!
Age can have a huge impact on the cost of car insurance for safe drivers. Younger drivers tend to pay higher premiums as insurers see them as higher risks; on the other hand, older drivers typically enjoy lower premiums due to more experience and better track records behind the wheel.
Your job and location can also influence your rates. Living in rural areas often reduces premiums as there are fewer collision and comprehensive claims made against drivers there; on the other hand, living in cities with higher crime rates may require you to pay more for insurance.
Another essential consideration when purchasing a vehicle is the model and year. Newer models tend to feature advanced safety technology that makes driving safer; this may also result in reduced repair costs and theft risk. On the contrary, older vehicles may contain outdated safety features which increase repair costs while increasing theft risk.
Numerous factors can impact your Toyota Highlander car insurance rates, including your state of residence, driving record and amount of coverage you need. While finding the most cost-effective rates may take some time, there are steps you can take to keep premiums down by shopping for quotes and considering discounts; in no time at all you could have affordable Toyota Highlander coverage!
Uninsured Motorist Coverage
The Toyota Highlander SUV is one that's relatively cost-effective to insure, especially for drivers under 30. Assuming they follow all safety measures, safe drivers could expect full-coverage insurance costs of $1,410 annually for full coverage coverage - less than what would typically be found with other midsize SUVs such as GMC Yukon XL or Mitsubishi Outlander Sport models.
Toyota Highlander insurance premiums depend on factors like coverage type, driving history and other variables. Young male drivers typically incur higher full-coverage insurance premiums than their female counterparts; state factors can also have an effect on rates; for instance a good driver under 40 could expect to pay as little as $1,000 annually in Vermont, New Hampshire and Missouri for full-coverage while high-risk drivers could expect to spend over $2,960 annually across Louisiana, New York and Michigan states alone.
Your credit score can have an impactful effect on Toyota Highlander insurance premiums, as insurers use your score to gauge how likely it is that you will file an accident claim and file less frequently, which typically results in reduced premiums for those with higher scores.
An additional way to lower your Toyota Highlander insurance rate is increasing the deductibles on your policy. By raising them, insurance companies will be less likely to pay out on claims; however, you will still be responsible for any damage or theft to your vehicle that might incur additional costs should you opt for this route.
To reduce Toyota Highlander car insurance rates, comparing quotes from multiple insurance companies is your best strategy. Simply enter your ZIP code online and compare rates. Once complete, choose the insurer with the lowest rates based on your situation from among ValuePenguin's car insurer rankings.