Buying the cheapest car insurance for a Toyota Highlander doesn’t take too much effort, but it hinges on an enormous amount of factors such as your age, the performance level of your vehicle, and any driving offenses on your record. Drivers pay on average $654 annually for Highlander insurance, but that price is a valuation using a 40-year-old married female driver with full coverage and $500 deductibles.
The issue with using an average estimated rate is the likelihood you’re not a 40-year-old female, single instead of married, and maybe you want higher deductibles. Have just a small change in rating variables can result in a big discrepancy in the cost of insurance.
There is no one cookie-cutter policy that works for everyone, so the best way to find cheap auto insurance rates for your Toyota is to compare as many rates as you can. In just a few minutes you will get price quotes from the cheapest companies that sell coverage in Ohio.
Your vehicle’s trim level will likely have an effect on the cost of insurance, so the rate you will pay to insure a Highlander 2WD will be $116 cheaper than the insurance cost for the more costly Highlander Hybrid Limited 4WD version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$138||$234||$238||$14||$72||$696||$58|
|Highlander SE 2WD||$138||$234||$238||$14||$72||$696||$58|
|Highlander Sport 2WD||$138||$234||$238||$14||$72||$696||$58|
|Highlander Limited 2WD||$154||$276||$238||$14||$72||$754||$63|
|Highlander SE 4WD||$154||$276||$238||$14||$72||$754||$63|
|Highlander Limited 4WD||$154||$276||$238||$14||$72||$754||$63|
|Highlander Hybrid 4WD||$154||$276||$238||$14||$72||$754||$63|
|Highlander Hybrid Limited 4WD||$154||$276||$238||$14||$72||$754||$63|
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Price information does not factor in specific Cleveland garaging location which can raise or lower coverage rates considerably.
Finding reliable, budget auto insurance is not the easiest thing to accomplish, and deciding which companies quote the cheapest car insurance rates for a Toyota Highlander will require even more diligence. Every insurance company has their own formula to establish rates, so we’ll take a look at the car insurance companies with the overall cheapest rates in Ohio.
It’s important to know that Ohio car insurance rates are impacted by many factors that can increase the price you pay for coverage. Turning one year older, buying another vehicle, or getting into an accident may cause policy rate changes that can now make some companies more expensive than others.
Best Car Insurance Prices for Your Highlander
|Rank||Company||Cost Per Year|
|7||Merchants Insurance Group||$755|
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Utica National generally has some of the best car insurance rates in Cleveland at around $654 a year. This is $386 less than the average price paid by Ohio drivers of $1,040. Frankenmuth, Erie, Allied, and USAA would also be considered some of the cheaper Cleveland, OH insurance companies.
As depicted above, if you are currently insured with Allied and switched to Frankenmuth, you might realize savings of roughly $17. Ohio drivers with USAA could save as much as $39 a year, and Travelers insureds might realize rate reductions of up to $46 a year.
To discover how much you can save, click here to start your free quote or quote rates from the companies below.
Remember that these premiums are averaged for all types of insureds and vehicles and do not factor in a specific zip code for a Toyota Highlander. So the company that can offer the best rates for your situation may not even be in the top 33 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own specific driver information and vehicle.
Does it make sense to buy full coverage?
Finding cheaper car insurance should be important to the majority of people, and one great way to find cheaper insurance for a Toyota Highlander is to buy liability only. The example below shows the comparison of insurance costs with full physical damage coverage and with liability coverage only. The data assumes no claims or violations, $250 deductibles, marital status is single, and no discounts are taken into consideration.
If all age groups are averaged, comp and collision coverage costs an extra $1,324 per year more than insuring for liability only. Lot’s of drivers question if it’s worth it to buy full coverage. There is no exact rule to stop paying for physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
The chart below demonstrates how deductible levels can raise or lower insurance prices when getting quotes for cheap insurance for a Toyota Highlander. Data assumes a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
In the chart above, a 40-year-old driver could lower their policy premium by $222 a year by increasing from a $100 deductible to a $500 deductible, or save $336 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 category, could roll back prices up to $564 every year just by choosing higher deductibles when buying full coverage.
When raising deductibles, it is a good idea to have emergency funds available to allow you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
How to find more affordable insurance for a Toyota Highlander
It’s not impossible to find cheaper rates, and here are some of the recommended money-saving solutions that can help drivers buy cheap coverage.
- Drive safely
- Drive safe vehicles
- Increase your policy deductibles
- Increase your credit rating
- Accident-free drivers may qualify for discounts
- Shop around for cheaper prices often
That last idea is incredibly critical, as we stressed in the prior information. Insurance rates vary greatly, so drivers shouldn’t hesitate to buy from a new company if a better rate can be found.
Having a favorite company is fine, but it isn’t a good idea if that loyalty results in overpaying lots of money. It takes less than five minutes to compare rates and find cheaper insurance for a Toyota Highlander in Cleveland.
If you would rather have the advice of a professional agent when trying to find lower insurance rates for a Highlander, the agents listed below can answer your questions and help you decide which insurance coverage will be best for you.
To find a Cleveland insurance agency using an interactive map, click the button at the bottom or click here to compare rates now.
Mraz Insurance Agency
20180 Center Ridge Rd – Cleveland, OH 44116 – (440) 356-2055
Nationwide Insurance: Hec Wyatt Hixson
15705 Lorain Ave – Cleveland, OH 44111 – (216) 941-4400
State Farm: Stan Harris
12429 Cedar Road, Suite 26 – Cleveland Heights, OH 44106 – (216) 791-1006
Insurance Consultants Agency
23980 Chagrin Blvd – Cleveland, OH 44122 – (216) 766-6300
Pilat Insurance Agency, Inc.
5925 Ridge Rd – Cleveland, OH 44129 – (440) 888-1150