How Much Does 2014 Toyota Highlander Insurance Cost?

Trying to find better auto insurance rates for your Toyota Highlander? Searching for low-cost auto insurance over the internet is impossible for people who are new to online price comaprisons. Because there are so many insurance companies available, how can drivers have a chance to compare every company to locate the cheapest available price?

Insurance Prices

Comparing insurance rates can take hours if you don’t understand the easiest way. You could waste a few hours discussing policy coverages with local insurance agents in your area, or you could save time and use the internet for quick rates.

Most of the larger companies participate in a marketplace that allows shoppers to enter their coverage request one time, and every company returns a rated price for coverage. This prevents consumers from doing repetitive form submissions to every company.

To participate in this free quote system, click to open in new window.

The single downside to comparing rates this way is you can’t choose which providers you will receive quotes from. So if you want to select individual companies to request quotes from, we have a page of the cheapest insurance companies in your area. View list of insurance companies.

Whichever way you use, double check that you are using the exact same coverages and limits for each comparison quote. If you use mixed coverages then you won’t be able to determine the best price for your Toyota Highlander. Having just a slight variation in coverage limits could mean much higher rates. It’s important to know that obtaining a wide range of quotes helps you find the best price.

Do you qualify for discounts?

Car insurance is not cheap, but discounts can save money and there are some available to help bring down the price. Most are applied when you get a quote, but some may not be applied and must be asked for prior to receiving the credit.

  • Student in College – Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Discount for Good Grades – Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
  • Defensive Driver – Successfully completing a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.
  • Low Mileage – Driving fewer miles can earn lower rates on the low mileage vehicles.
  • Payment Method – If you pay your bill all at once instead of paying each month you could save up to 5%.
  • Multiple Policy Discount – When you have multiple policies with one insurance company you may earn approximately 10% to 15%.
  • Senior Discount – If you’re over the age of 55, you may be able to get a small decrease in premiums on Highlander insurance.
  • No Charge for an Accident – Some insurance companies will forgive one accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • New Vehicle Savings – Insuring a new car is cheaper due to better safety requirements for new cars.

Drivers should understand that most discounts do not apply to your bottom line cost. Some only apply to individual premiums such as collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way. But any discount will bring down your overall premium however.

Companies that may offer these money-saving discounts include:

Double check with all companies you are considering what discounts are available to you. Savings may not be available in your area.

Toyota Highlander rates are complex

An important part of buying insurance is that you know the rating factors that go into determining insurance coverage rates. Understanding what determines base rates helps enable you to make changes that can help you get lower insurance coverage prices.

  • Low deductibles can be expensive – Physical damage deductibles define the amount you are willing to pay out-of-pocket before a claim is paid by your company. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of claims that would be covered are running into the backend of another car, damage from fire, and rolling your vehicle. The higher the amount the insured has to pay upfront, the less your insurance coverage will be on Highlander insurance.
  • Traffic violations increase rates – Good drivers get better rates compared to drivers with tickets. Only having one citation can increase rates by as much as thirty percent. Drivers with flagrant tickets such as DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to keep their license.
  • Consolidate policies to earn discounts – Some insurance coverage companies provide better rates to customers who have multiple policies with them, otherwise known as a multi-policy discount. If you currently are using one company, it’s in your best interest to shop around to ensure the best deal. Drivers may still find a better deal by buying insurance coverage from a different company.
  • Theft deterrents lower rates – Choosing a vehicle with an alarm system can get you a discount on your insurance coverage. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your vehicle from being stolen.
  • Occupation reflects on rates – Did you know that where you work can have an impact on rates? Occupations like judges, executives and stock brokers tend to pay the highest rates in part from high stress and lengthy work days. On the other hand, jobs such as actors, students and performers have the lowest average rates on Highlander insurance.

Don’t assume everyone needs the same coverage

When it comes to choosing proper insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

For example, these questions can help discover if your situation would benefit from professional advice.

  • If my pet gets injured in an accident are they covered?
  • Am I covered when driving on a suspended license?
  • Do I need added coverage for expensive stereo equipment?
  • When would I need additional glass coverage?
  • How many claims can I have before being cancelled?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Why do I only qualify for high-risk insurance?
  • Are my friends covered when driving my car?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form.

What auto insurance coverages do you need?

Learning about specific coverages of a auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.

Comprehensive coverage

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like vandalism, hitting a deer and a broken windshield. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability insurance

Liability coverage will cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as funeral expenses, medical expenses and bail bonds. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision insurance

This pays for damage to your Highlander from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as colliding with another moving vehicle, colliding with a tree, driving through your garage door, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Toyota Highlander.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for expenses for things like EMT expenses, doctor visits, chiropractic care, hospital visits and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Affordable insurance is out there

Drivers change insurance companies for many reasons like not issuing a premium refund, delays in responding to claim requests, an unsatisfactory settlement offer or questionable increases in premium. It doesn’t matter what your reason, finding a new insurance company is less work than it seems.

We’ve covered a lot of ways to compare 2014 Toyota Highlander insurance prices online. The key concept to understand is the more providers you compare, the better your comparison will be. You may be surprised to find that the best prices are with some of the lesser-known companies.

Discount insurance can be bought online as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies don’t offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

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