Finding cheaper coverage for a Toyota Highlander is pretty easy to do, but it is dependent upon an enormous amount of factors such as how you use your Highlander, whether or not you garage your vehicle, and the level of deductible you choose. Drivers in Indiana will pay around $816 each year for Highlander insurance, but that price is an estimate calculated based on a 50-year-old married male driver with full coverage and $250 deductibles.
There is a good probability you're not a 50-year-old male, maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. There is no one cookie-cutter policy that works for everyone, so the best method for finding the cheapest rates for your Toyota is to do the rate comparisons yourself.
The trim level of your vehicle has an effect on the cost of insurance, so the rate you pay to insure a Highlander 2WD model will be $152 less than the price to insure the higher-priced Highlander Hybrid Limited 4WD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$190||$310||$270||$16||$80||$866||$72|
|Highlander SE 2WD||$190||$310||$270||$16||$80||$866||$72|
|Highlander Sport 2WD||$190||$310||$270||$16||$80||$866||$72|
|Highlander Limited 2WD||$212||$366||$270||$16||$80||$944||$79|
|Highlander SE 4WD||$212||$366||$270||$16||$80||$944||$79|
|Highlander Limited 4WD||$212||$366||$270||$16||$80||$944||$79|
|Highlander Hybrid 4WD||$212||$366||$270||$16||$80||$944||$79|
|Highlander Hybrid Limited 4WD||$212||$366||$270||$16||$80||$944||$79|
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Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Prices do not factor in Fort Wayne location which can decrease or increase auto insurance rates greatly.
Establishing which company offers the most affordable car insurance rates for a Toyota Highlander will take a tad more effort than just comparing a company or two.
Each company has their own unique process for filing rates in each state, so we need to take a look at the most competitive car insurance companies in Fort Wayne. It's important that you understand Fort Wayne car insurance rates are calculated based on many things that control the price of your policy. Simply turning a year older, buying higher coverage limits, or having a fender bender may generate price changes resulting in some rates now being cheaper in comparison to the competition.
Find the Cheapest Auto Insurance for Your Highlander
Travelers may offer some of the lowest car insurance rates in Fort Wayne at around $620 per year. This is $620 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also make the cut as some of the best Fort Wayne, IN car insurance companies.
As shown above, if you have coverage with Erie and switched to Cincinnati Insurance, you could earn annual savings of in the neighborhood of $68. Drivers with Indiana Farmers Mutual could save as much as $183 a year, and Western Reserve customers might lower prices by $206 a year.
To find out how your current rates compare, click here to start your custom quote or visit any of the low-priced companies below.
Remember that these policy prices are averages for all drivers and vehicles in Indiana and do not take into consideration a specific zip code for a Toyota Highlander. So the car insurance company that can offer you the lowest price may not even be in the top 36 companies shown above. That underscores the importance of why you need to get auto insurance quotes using your own driver data and vehicle information.
Drive responsibly or pay higher rates
One of the best ways to earn low car insurance prices in Indiana for a Highlander is to drive cautiously and avoid accidents and violations. The diagram below shows how traffic citations and accident claims can increase yearly insurance costs for each different age category. The data is based on a single male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
In the example above, the average cost of a car insurance policy per year with no accidents or violations is $1,724. Factor in one speeding ticket and the average cost rises to $1,941, an increase of $217 each year. Now include one accident along with the one speeding ticket and the yearly cost of car insurance for a Toyota Highlander jumps again to an average of $2,549. That's an increase of $825, or $69 per month, just for not driving attentively!
Liability only or full coverage
Paying a lower price for car insurance is important to most drivers, and an effective way to buy cheap insurance for a Toyota Highlander is to only buy liability insurance. The chart below compares car insurance rates when comparing full coverage to liability only. The premiums assume no accidents or driving violations, $250 deductibles, marital status is single, and no discounts are taken into consideration.
On average, physical damage insurance costs $1,785 per year over liability only. At some point, almost every driver questions when is it safe to stop buying full coverage. There is no definitive formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
Types of discounts on Fort Wayne car insurance rates
Insurance providers that sell policies for a Toyota Highlander may have discounts that could potentially reduce rates by as much as 35% or more if you can meet the requirements. A few popular companies and some of their more popular discounts are shown below.
- Farm Bureau has savings for safe driver, 55 and retired, multi-vehicle, multi-policy, good student, driver training, and renewal discount.
- Liberty Mutual may include discounts for good student, newly retired, hybrid vehicle, newly married, multi-policy, new move discount, and teen driver discount.
- State Farm offers discounts including defensive driving training, accident-free, anti-theft, Steer Clear safe driver discount, and driver's education.
- Auto-Owners Insurance policyholders can earn discounts including safe driver, student away at school, paid in full, group or association, good student, company car, and anti-theft.
- GEICO has discounts for air bags, membership and employees, multi-vehicle, driver training, and five-year accident-free.
- SAFECO offers premium reductions for anti-lock brakes, bundle discounts, teen safe driver, teen safety rewards, and safe driver.
The chart below compares yearly insurance costs with and without discounts applied to the premium. The prices are based on a male driver, no accidents, no driving violations, Indiana 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 shows the rates with anti-theft, claim-free, multiple vehicle, homeowner, accident-free, and marriage discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on car insurance for a Toyota Highlander is 27% or $537.
If you prefer to have a little guidance when shopping for the best coverage for a Highlander, the agents below can aid you in deciding which insurance coverage you need. To find an auto insurance agency using an interactive map, click the button at the bottom or click here to compare rates now.
- Allstate Insurance: Darren Vogt
5830 E State Blvd - Fort Wayne, IN 46815 - (260) 493-3507
- Melissa Satterthwaite - State Farm Insurance Agent
7757 Coldwater Rd - Fort Wayne, IN 46825 - (260) 489-5503
- Schultheis Agency Insurance
1910 St Joe Center Rd - Fort Wayne, IN 46825 - (260) 480-0208
- Shawn Corbett - State Farm Insurance Agent
6061 N Clinton St - Fort Wayne, IN 46825 - (260) 484-6199
- Wise Insurance Agency
7410 Bluffton Rd - Fort Wayne, IN 46809 - (260) 747-5373