Finding cheaper auto insurance for a Toyota Highlander depends on a complicated rating formula that uses factors such as how you use your vehicle, the likelihood of vehicle theft, and whether or not you are a good driver. Drivers in Missouri will pay around $1,003 each year for Highlander insurance, but that amount is a valuation using a 40-year-old single male driver with full physical damage coverage and $250 deductibles.
It’s highly likely you are not 40 and maybe not even a male, you might be married instead of single, and maybe you want different deductibles. Having the smallest difference in rating factors or requested coverage amount could end up in a significant change in the cost of insuring your Highlander.
Different coverage needs are the reason why the only real way to find affordable rates for your Toyota is to do a thorough rate comparison. Do a quick rate comparison now and you will receive prices from the best auto insurance companies around.
The trim level of your Highlander will have an impact price, so the rate you will pay to insure a Highlander 2WD model will be $194 less expensive the price to insure the higher-priced Highlander Hybrid Limited 4WD version, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $202 | $328 | $322 | $20 | $96 | $968 | $81 |
| Highlander 4WD | $228 | $398 | $322 | $20 | $96 | $1,064 | $89 |
| Highlander Sport 4WD | $228 | $398 | $322 | $20 | $96 | $1,064 | $89 |
| Highlander SE 2WD | $228 | $398 | $322 | $20 | $96 | $1,064 | $89 |
| Highlander Sport 2WD | $228 | $398 | $322 | $20 | $96 | $1,064 | $89 |
| Highlander Limited 2WD | $254 | $470 | $322 | $20 | $96 | $1,162 | $97 |
| Highlander SE 4WD | $254 | $470 | $322 | $20 | $96 | $1,162 | $97 |
| Highlander Limited 4WD | $254 | $470 | $322 | $20 | $96 | $1,162 | $97 |
| Highlander Hybrid 4WD | $254 | $470 | $322 | $20 | $96 | $1,162 | $97 |
| Highlander Hybrid Limited 4WD | $254 | $470 | $322 | $20 | $96 | $1,162 | $97 |
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rate information does not factor in specific Kansas City garaging location which can influence coverage rates greatly.
Car insurance company ratings
Insuring your vehicle with the highest-rated auto insurance company can be a challenge considering how many companies are available to choose from in Kansas City. The information displayed below may help you analyze which auto insurers to look at comparing rates from. These rankings include large nationwide companies, so companies that may only write in Missouri will not be included in the list.
Top 10 Major Auto Insurance Providers Overall in Kansas City
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
The chart below illustrates how your choice of deductibles can increase or decrease insurance costs when quoting cheap insurance for a Toyota Highlander. The data assumes a married male driver, comp and collision included, and no discounts are applied.
In the chart above, a 30-year-old driver could reduce rates by $254 a year by increasing from a $100 deductible up to a $500 deductible, or save $386 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old example, have the ability to save $764 each year by using a higher deductible. If you do make the decision to raise your deductibles, it will be required to have enough in a savings account to satisfy the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Full coverage versus liability only rates
Saving on car insurance is probably important to most people, and one way to find cheaper insurance for a Toyota Highlander is to not insure for full coverage. The diagram below visualizes the comparison of annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Missouri. The information is based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no policy discounts are applied.
As an average, full coverage on your policy costs $1,695 per year more than just buying liability insurance. That amount may make you wonder if full coverage is worth the money. There is no definitive rule that is best for determining when to drop physical damage coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s assume your vehicle’s replacement cost is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $9,000 after the deductible is paid. If you are paying over $900 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some situations where dropping full coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage.
How to find the cheapest insurance for a Toyota Highlander
Here are some of the recommended thrifty suggestions that can help you find low-cost auto insurance.
- Good credit scores may lower your rates
- At-fault accidents can raise rates significantly
- Raise comprehensive and collision coverage deductibles
- Buy a safer vehicle
- Just one traffic violation will increase your rates
- Do not pay for full coverage if not needed
- Shop around for cheaper prices
The last idea is notably vital, as was pointed out in this write-up. Prices can change considerably in a year, so don’t be hesitant to change to a new company if you find a cheaper price. Having a favorite company is great, but it’s not a great idea if that loyalty ends up costing thousands of dollars over the life of your policy. In just a few minutes you could compare prices and find cheaper car insurance for a Toyota Highlander in Kansas City.