Toyota Highlander insurance cost image courtesy of QuoteInspector.com
Finding the cheapest auto insurance for a Toyota Highlander is pretty easy to do, but it relies on an enormous amount of rating factors such as whether you are married or single, your credit status, and any prior driving offenses. Drivers will pay on average $1,494 per year for Highlander insurance, but that amount is an approximation based on a 30-year-old married male driver with both comprehensive and collision coverage and $250 deductibles.
It's highly likely you aren't exactly 30 years old or even a male, possibly single instead of married, or maybe you have a teenager that needs to be on your policy. Not everyone needs the same coverages, so the best way to find the cheapest coverage for your Toyota is to compare as many rates as you can. It only takes a few minutes and you can get prices from some of the cheapest companies that sell coverage in Oklahoma.
The trim level of your Toyota will be a contributing factor to the annual cost of coverage, so the cost to insure a Highlander 2WD will be $298 cheaper than the insurance cost for the more well-appointed Highlander Hybrid Limited 4WD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$392||$584||$448||$26||$134||$1,584||$132|
|Highlander SE 2WD||$392||$584||$448||$26||$134||$1,584||$132|
|Highlander Sport 2WD||$392||$584||$448||$26||$134||$1,584||$132|
|Highlander Limited 2WD||$436||$688||$448||$26||$134||$1,732||$144|
|Highlander SE 4WD||$436||$688||$448||$26||$134||$1,732||$144|
|Highlander Limited 4WD||$436||$688||$448||$26||$134||$1,732||$144|
|Highlander Hybrid 4WD||$436||$688||$448||$26||$134||$1,732||$144|
|Highlander Hybrid Limited 4WD||$436||$688||$448||$26||$134||$1,732||$144|
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate quotes do not factor in vehicle garaging location which can alter price quotes substantially.
Deciphering which company quotes the cheapest car insurance rates for a Toyota Highlander calls for a bit more work in order to find the best policy.
Each auto insurer has a proprietary formula for filing rates in each state, so let's examine the car insurance companies with the overall cheapest rates in Tulsa, OK. It's a good idea to know that Tulsa, OK car insurance rates are calculated based on many things that may substantially change the price of your policy. Turning one year older, moving to a new city, or getting a ticket for careless driving can trigger changes in premium that can now make some companies cheaper than others.
Find the Best Cheap Insurance for Your Highlander
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,190|
|11||OK Farm Bureau||$1,997|
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USAA generally has some of the best car insurance rates in Tulsa at around $1,185 each year. This is $782 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto also qualify as some of the most economical Tulsa, OK insurance companies.
As the example above demonstrates, if you currently have a policy with GEICO and switched to Oklahoma Farmers Union, you might achieve savings of roughly $150. Policyholders with Safe Auto might save as much as $187 a year, and Farmers customers might cut rates by $246 a year.
Understand that those premiums are averages across all drivers and vehicles and do not take into consideration a specific vehicle garaging location for a Toyota Highlander. So the auto insurance company that has the lowest price for you may not even be in the top 17 companies shown above. That emphasizes why you need to get quotes using your own driver and vehicle profiles.
The example below illustrates how choosing a deductible can increase or decrease annual premium costs when quoting cheap insurance for a Toyota Highlander. The information is based on a married female driver, comp and collision included, and no additional discounts are factored in.
As shown above, a 40-year-old driver could lower rates by $440 a year by switching from a $100 deductible to a $500 deductible, or save $666 by choosing a $1,000 deductible. Even younger insureds, like the Age 20 category, could reduce their rates as much as $1,094 each year just by choosing higher deductibles when buying full coverage.
If you do raise deductibles, it will be required to have enough funds in savings to be able to cover the extra out-of-pocket expense associated with higher deductibles.
Here's why price comparisons are so important
Tulsa, OK car insurance rates are calculated based on many things which can substantially change the cost of your policy. Turning one year older, getting married, or getting a DUI can cause premium changes that can cause some rates to be cheaper in comparison to the competition. Additionally, auto insurance companies change prices at least once a year to adjust for gains or losses. Heavy losses may result in rate increases, while a better claims history may produce cheaper Highlander insurance rates.
As an example, the chart below shows the cheapest car insurance in Tulsa, OK for a 30-year-old female driver with a good driving record, no prior claims, and a good credit history. If we compare prices based on her current rating profile, USAA quotes the lowest car insurance rates in Tulsa at $1,434 annually. This is $533 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto also make the list of the most affordable Tulsa, OK auto insurance companies.
Let's now give the driver from the first set of rates an accident claim, bad credit, and a few traffic violations. Since every car insurance company has a proprietary formula for determining rates in each state, analyzing rate quotes could result in a different ranking of the cheapest Tulsa car insurance companies as shown below.
State Farm now has the best insurance rate in Tulsa with Oklahoma Farmers Union, Liberty Mutual, The Hartford, and Travelers now rounding out the top five. This example shows why it is critical to compare lots of rates to get the most economical auto insurance quotes for a Toyota Highlander.
Prices are impacted by many risk factors and change substantially, so the best option the last time you shopped around may now be quite expensive.
How to find budget-friendly car insurance for a Toyota Highlander
It is possible to find better rates, and here are some of the better thrifty solutions that can help drivers buy low-cost auto insurance.
- Do not pay for full coverage on older vehicles
- Raise your deductibles
- Pay cheaper rates with good credit scores
- Bundle car and home insurance and save money
- If possible, pay for small claims out-of-pocket
- Buy vehicles with good safety ratings
- Look for cheaper rates once a year by shopping around
The final tip is highly crucial, as we hit on in the article above. Auto insurance rates go up and down frequently, so you should be ready to switch to a new company if a more affordable rate is found.
Brand loyalty is great, but it isn't a good idea if it's costing you a small fortune. In less than five minutes you could shop around to find cheaper insurance for a Toyota Highlander in Tulsa.
The agents shown below are willing to aid you in deciding which coverages and limits you need, as some drivers aren't sure which coverage they need and prefer to have a consultation when shopping for cheaper insurance for a Toyota Highlander. It can be challenging to do it yourself, and a professional agent can add peace of mind knowing your policy gives you adequate protection in the event of a claim.
To find an agent by location nearest to you, click the button after the list.
- Scott Mccoy Insurance Agency, Inc.
7030 S Yale Ave Suite #109 - Tulsa, OK 74136 - (918) 894-5551
- Velta Augusta - State Farm Insurance Agent
8929 S Memorial Dr #190 - Tulsa, OK 74133 - (918) 254-1959
- State Farm: Anita Ewing -
10021 S Yale Ave #102 - Tulsa, OK 74137 - (918) 298-2100