Buying the cheapest insurance for a Toyota Highlander in Ohio relies on a complicated formula that considers factors such as how old the vehicle is, your residence address, and driving violations and tickets. Ohio drivers will pay on average $725 a year for Highlander insurance, but that is an approximation using a 50-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.
There is a good probability you’re not a 50-year-old male, single instead of married, and maybe you want higher deductibles. Auto insurance is not the same for everyone, so the best method for finding cheap insurance rates for your Toyota is to do the rate comparisons yourself.
The trim level of your vehicle will be a contributing factor to the cost of insurance, so the price to insure a Highlander 2WD model will be $148 less than the price to insure the higher-end Highlander Hybrid Limited 4WD trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$172||$300||$218||$12||$66||$768||$64|
|Highlander SE 2WD||$172||$300||$218||$12||$66||$768||$64|
|Highlander Sport 2WD||$172||$300||$218||$12||$66||$768||$64|
|Highlander Limited 2WD||$192||$354||$218||$12||$66||$842||$70|
|Highlander SE 4WD||$192||$354||$218||$12||$66||$842||$70|
|Highlander Limited 4WD||$192||$354||$218||$12||$66||$842||$70|
|Highlander Hybrid 4WD||$192||$354||$218||$12||$66||$842||$70|
|Highlander Hybrid Limited 4WD||$192||$354||$218||$12||$66||$842||$70|
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Prices do not factor in zip code location which can modify insurance rates substantially.
Finding decent, affordable auto insurance is difficult, and determining which company offers the most affordable car insurance rates for a Toyota Highlander will involve more quotes for comparison.
Each auto insurer uses a little different formula to establish rates, so we’ll go over the most competitive car insurance companies in Ohio. It’s important to know that Ohio car insurance rates are influenced by many factors which can substantially decrease or increase the price you pay for coverage. This price fluctuation is why Ohio drivers need to compare lots of rates to find cheap auto insurance rates for a Toyota Highlander. Prices can be determined by many different factors and can decrease or increase without notice, so the most affordable company when you bought your policy may now be quite expensive.
Find the Cheapest Car Insurance for Your Highlander
Utica National generally has some of the most affordable car insurance rates in Toledo at around $647 each year. This is $393 less than the average policy premium paid by Ohio drivers of $1,040. Frankenmuth, Erie, Allied, and USAA also rank well as some of the cheapest Toledo, OH insurance companies.
As the example above demonstrates, if you buy coverage from Allied and switched to Utica National, you might realize an annual savings of about $43. Insureds with USAA may save as much as $64 a year, and Travelers customers might cut rates by $86 a year.
Understand that those estimates are averaged across all ages of drivers and types of vehicles and and are not figured with a vehicle location for a Toyota Highlander. So the company that has the cheapest price for you may not even be in the top 33 companies shown above. That points out the importance of why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
Discounts on Toledo car insurance rates
Auto insurance companies that offer coverage for a Toyota Highlander may also provide special discounts that may potentially lower prices by as much as 40% or more if you are eligible to receive them. Large car insurance companies and a partial list of their discounts are shown below.
- Progressive offers premium reductions for homeowner, good student, online quote discount, multi-policy, continuous coverage, and multi-vehicle.
- AAA has savings for multi-policy, multi-car, anti-theft, good student, AAA membership discount, education and occupation, and good driver.
- Farmers Insurance offers discounts for mature driver, youthful driver, alternative fuel, early shopping, teen driver, and electronic funds transfer.
- GEICO has discounts for anti-theft, membership and employees, five-year accident-free, defensive driver, driver training, and multi-vehicle.
- Esurance discounts include safety device, claim free, anti-theft, Switch & Save, homeowner, and Pac-12 alumni.
- SAFECO may offer discounts for anti-lock brakes, teen safe driver, multi-car, drive less, accident prevention training, homeowner, and anti-theft.
- State Farm policyholders can earn discounts including driver’s education, passive restraint, student away at school, safe vehicle, and good student.
The example below illustrates the difference between car insurance rates with and without discounts. The prices are based on a male driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with accident-free, anti-theft, passive restraint, claim-free, defensive driving course, and safe-driver discounts applied. When discounts are applied, theaverage yearly reduction on car insurance for a Toyota Highlander is 28% or $340.
The chart below highlights how deductible selection can influence premium costs when quoting cheap insurance for a Toyota Highlander. The premiums assume a single male driver, full coverage, and no discounts are applied.
The chart above illustrates that a 40-year-old driver could save $268 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $406 by using a $1,000 deductible. Young drivers, like the Age 20 category, have the ability to save up to $880 or more by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it is important to have additional funds squirreled away to offset the extra out-of-pocket expense that comes with higher deductibles.
How to find budget-friendly car insurance for a Toyota Highlander
Lowering your rates is not difficult, and here are some money-saving solutions that can help Ohio drivers find more affordable coverage.
- Be a safe driver
- Insure your home and auto with the same company
- At-fault accidents will increase rates
- Claim-free policyholders usually earn a discount
- Buy vehicles with good safety ratings
- Comparison shop frequently
The last item on the list is highly valuable, as was emphasized in this write-up. Auto insurance rates can be adjusted at any time, so drivers shouldn’t hesitate to buy from a new company if a better rate can be found. Having brand loyalty is commendable, but is isn’t recommended if that loyalty results in overpaying lots of money. If you have a few minutes, compare rates and find cheaper insurance for a Toyota Highlander in Toledo.