Finding the cheapest coverage for a Toyota Highlander depends on a complicated rating formula that uses factors such as whether the vehicle is new, your residence address, and if you have tickets or violations. Drivers pay around $1,400 per year to insure their Highlander, but that price is an approximation calculated based on a 30-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.
When making auto insurance estimates, the issue arises that you’re not a 30-year-old female, maybe you are single instead of married, or you just want cheap liability insurance instead of full coverage. Insurance is an individual thing, so the only real way to find the most affordable coverage for your Toyota is to put in the effort to do a thorough rate comparison. Comparing quotes is easy and you will receive price comparisons from the best companies around.
Compare Toyota Highlander Insurance Rates
Your Toyota’s trim level will be a contributing factor to the cost of insurance, so the price you pay to insure a Highlander 2WD model will be $252 less than the cost to insure the high end Highlander Hybrid Limited 4WD trim level, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $292 | $406 | $490 | $30 | $146 | $1,364 | $114 |
| Highlander 4WD | $330 | $494 | $490 | $30 | $146 | $1,490 | $124 |
| Highlander Sport 4WD | $330 | $494 | $490 | $30 | $146 | $1,490 | $124 |
| Highlander SE 2WD | $330 | $494 | $490 | $30 | $146 | $1,490 | $124 |
| Highlander Sport 2WD | $330 | $494 | $490 | $30 | $146 | $1,490 | $124 |
| Highlander Limited 2WD | $368 | $582 | $490 | $30 | $146 | $1,616 | $135 |
| Highlander SE 4WD | $368 | $582 | $490 | $30 | $146 | $1,616 | $135 |
| Highlander Limited 4WD | $368 | $582 | $490 | $30 | $146 | $1,616 | $135 |
| Highlander Hybrid 4WD | $368 | $582 | $490 | $30 | $146 | $1,616 | $135 |
| Highlander Hybrid Limited 4WD | $368 | $582 | $490 | $30 | $146 | $1,616 | $135 |
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Price information does not factor in specific zip code location which can increase or decrease price quotes substantially.
Locating budget car insurance is not most people’s favorite thing to do, and determining which company has the best auto insurance rates for a Toyota Highlander may require a little more work.
Each auto insurer uses a little different formula to determine premium rates, so first we will examine the most competitive auto insurance companies in New Jersey. It’s a good idea to be aware that Jersey City auto insurance rates are calculated based on many things that will increase or decrease the policy premium. Price variation is why drivers need to compare many different companies when trying to find the most affordable car insurance rates for a Toyota Highlander. Rates are impacted by many factors and can decrease or increase without notice, so the cheapest rate when you bought your policy may now be one of the higher cost companies.
Best Auto Insurance Prices for Your Highlander
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,078 |
| 2 | Travelers | $1,145 |
| 3 | New Jersey Manufacturers | $1,310 |
| 4 | Penn National | $1,366 |
| 5 | Palisades | $1,395 |
| 6 | California Casualty | $1,437 |
| 7 | Allstate | $1,478 |
| 8 | The Hartford | $1,536 |
| 9 | USAA | $1,585 |
| 10 | Mercury | $1,635 |
| 11 | Progressive | $1,862 |
| 12 | Amica | $1,887 |
| 13 | Esurance | $1,894 |
| 14 | MetLife | $1,951 |
| 15 | GEICO | $2,196 |
| 16 | State Farm | $2,248 |
| 17 | Encompass | $2,397 |
| 18 | Liberty Mutual | $2,890 |
| 19 | Hanover | $3,909 |
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21st Century may have some of the best car insurance rates in Jersey City at around $1,078 each year. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the most economical Jersey City, NJ auto insurance companies.
As shown in the table above, if you have coverage with Penn National and switched to 21st Century, you may realize annual savings of around $288. Insureds with Palisades may save as much as $317 a year, and California Casualty customers might see rate reductions of $359 a year.
To see if you’re overpaying, click here to start your free quote or quote prices from the following companies.
Remember that these policy prices are averaged for all insureds and vehicles and and are not calculated with an exact vehicle garaging location for a Toyota Highlander. So the company that fits your situation best may not even be in the top 19 companies in the list above. That’s why you need to compare as many prices as possible using your own individual information.
Impact of speeding/accidents on auto insurance rates
The easiest way to score the cheapest auto insurance rates for a Highlander is to drive safe and maintain a clean driving record. The example below shows how speeding tickets and at-fault fender-benders increase insurance rates for each age group. The costs are based on a married male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
The chart shows that the average cost of auto insurance per year with no accidents or violations is $2,054. Get written up for two speeding tickets and the average cost hikes up to $2,821, an increase of $767 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of auto insurance for a Toyota Highlander increases to an average of $5,983. That’s an increase of $3,929, or $327 per month, just for not keeping your driving record clean!
The information below demonstrates how deductibles can raise or lower insurance prices when trying to find cheap insurance for a Toyota Highlander. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are applied.
As shown above, a 30-year-old driver could save $548 a year by increasing from a $100 deductible to a $500 deductible, or save $826 by switching to a $1,000 deductible. Even younger insureds, like the Age 20 category, could roll back prices up to $1,172 each year by using higher deductibles when buying full coverage.
When choosing a higher deductible, it is important to have enough spare savings to enable you to cover the extra out-of-pocket expense associated with higher deductibles.
Your low-price policy may be costing you money
Jersey City auto insurance rates are impacted by many things which can significantly increase or decrease the price of coverage. Simply getting older, moving across town, or getting a couple of tickets can trigger changes in premium that may make certain companies much cheaper than others.
Not only may things change on your end, but companies file new New Jersey auto insurance rates every year to help ensure profitability. A period of increased losses can cause higher rates, while a better loss history may cause lower-priced Highlander insurance rates.
To illustrate this example, the graph below demonstrates which company has the cheapest car insurance in Jersey City, NJ for a 35-year-old female driver with a clear driving record, no claims, and good credit. If we compare prices based on her current rating profile, 21st Century may have the most affordable car insurance rates in Jersey City at $1,436 each year. This is $416 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are also on the list of the best Jersey City, NJ auto insurance companies.
The example below compares rates after we give the driver from the above example some claims, less-than-perfect credit, and an imperfect driving record. Since every car insurance company has their own process for determining prices, comparing rates could now result in a slightly different list of companies as shown below.
Allstate now has the cheapest car insurance in Jersey City with California Casualty, USAA, Travelers, and Mercury now being in the top five. This demonstrates why it is crucial to do a thorough rate comparison to find affordable car insurance rates for a Toyota Highlander. Auto insurance prices are made up of many risk factors and change frequently, so the best option the last time you checked may now be quite expensive.
Tips for buying economical insurance for a Toyota Highlander
Lowering your rates is not difficult, and here are some of the recommended money-saving suggestions that can help drivers buy cheap coverage.
- Ensure your driving record is clean
- Good credit can save money
- Prevent price hikes by avoiding at-fault accidents
- Assess whether full coverage is needed
- Increase your comprehensive and collision deductibles
- Get cheaper liability coverage by choosing a safer vehicle
- Comparison shop frequently
The final tip is extraordinarily vital, as was stressed in this write-up. Auto insurance rates vary considerably, so you should be ready to switch companies if you can save money.
Having brand loyalty is commendable, but we do not recommend it if that stubbornness costs you hundreds every year. In less than five minutes you could compare rates to find cheaper car insurance for a Toyota Highlander in Jersey City.