Buying economical car insurance for a Toyota Highlander in North Carolina is dependent upon a lot of rating criteria such as how old the vehicle is, the likelihood of vehicle theft, and if you have a history of accidents. Drivers pay approximately $795 a year for Highlander insurance, but that figure is a projection calculated based on a 40-year-old married male driver with both comprehensive and collision coverage and $250 deductibles.
When making auto insurance estimates, the issue arises that you may not be 40 years old (or even male), maybe you are single instead of married, or maybe you live in a different area as the quoted rates. Having just a slight change in the rating criteria used to formulate rates may result in significant differences in the cost of a policy.
Having different needs demonstrates why the way we recommend to find affordable rates for your Toyota is to compare rates from as many companies as possible.
The trim level of your Toyota will influence price, so the price you will be charged to insure a Highlander 2WD model will be $150 lower than the price to insure the more expensive Highlander Hybrid Limited 4WD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$198||$298||$256||$16||$76||$844||$70|
|Highlander SE 2WD||$198||$298||$256||$16||$76||$844||$70|
|Highlander Sport 2WD||$198||$298||$256||$16||$76||$844||$70|
|Highlander Limited 2WD||$220||$352||$256||$16||$76||$920||$77|
|Highlander SE 4WD||$220||$352||$256||$16||$76||$920||$77|
|Highlander Limited 4WD||$220||$352||$256||$16||$76||$920||$77|
|Highlander Hybrid 4WD||$220||$352||$256||$16||$76||$920||$77|
|Highlander Hybrid Limited 4WD||$220||$352||$256||$16||$76||$920||$77|
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in zip code location which can decrease or increase prices significantly.
Locating affordable auto insurance is easier said than done, and deciding which companies quote the cheapest auto insurance rates for a Toyota Highlander may require more quotes for comparison. Each auto insurance company has a different formula to set premium rates, so first we will examine the most affordable auto insurance companies in Charlotte.
It’s a good idea to be aware that North Carolina auto insurance rates are influenced by many factors that may substantially change the cost of a policy. This price fluctuation is why it is crucial to compare as many rates as possible to get the lowest car insurance rates for a Toyota Highlander. Prices can be altered by many risk factors and change substantially, so the most economical option two years ago may now be one of the higher cost companies.
Lowest Insurance Price Quotes for Your Highlander
Progressive normally has some of the best car insurance rates in Charlotte at around $632 a year. This is $240 less than the average policy premium paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and GEICO also qualify as some of the lowest-priced Charlotte, NC auto insurance companies.
In this example, if you are currently insured with Utica National and switched to Progressive, you could earn yearly savings of about $23. Drivers with Liberty Mutual could save as much as $75 a year, and Penn National customers might see rate reductions of $85 a year.
These premiums are averaged across all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location for a Toyota Highlander. So the auto insurance company that fits your situation best may not even be in the top 20 companies in the list above. That emphasizes why you need to compare rates from multiple companies using your own individual information.
Discounts on Charlotte insurance
Insurance companies that sell policies for a Toyota Highlander may have special discounts that could reduce prices by as much as 25% or more if you meet eligibility requirements. Large auto insurance companies and some of the premium reductions they offer are included below.
- GEICO includes discounts for defensive driver, seat belt use, daytime running lights, anti-theft, emergency military deployment, and federal employee.
- Travelers offers discounts for multi-car, early quote, continuous insurance, new car, home ownership, and save driver.
- Farm Bureau policyholders can earn discounts including safe driver, driver training, multi-policy, multi-vehicle, renewal discount, good student, and 55 and retired.
- Liberty Mutual has savings for preferred payment discount, newly retired, safety features, new vehicle discount, and teen driver discount.
- American Family offers premium reductions for accident-free, good driver, multi-vehicle, defensive driver, good student, and air bags.
- Progressive has discounts for continuous coverage, online signing, online quote discount, homeowner, multi-policy, multi-vehicle, and good student.
The example below shows the difference between premium costs with and without discounts being applied to the rates. The data assumes a female driver, no accidents or driving violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with multiple vehicle, anti-theft, multiple policy, safe-driver, accident-free, and claim-free discounts applied. When drivers qualify for the discounts, the average savings per year on auto insurance for a Toyota Highlander is 28% or $334.
Drive responsibly or pay higher rates
The easiest method to maintain the best auto insurance premiums in North Carolina for a Highlander is to be a good driver and maintain a clean driving record. The chart below illustrates how violations and at-fault fender-benders raise auto insurance costs for different age groups. The data assumes a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
The data above shows the average cost of auto insurance in North Carolina per year with no accidents or violations is $1,262. Add in one speeding ticket and the average cost jumps to $1,424, an increase of $162 each year. Now add one accident along with the one speeding ticket and the annual cost of auto insurance for a Toyota Highlander jumps again to an average of $1,868. That’s an increase of $606, or $50 per month, just for being a less-than-perfect driver!
Cost difference between full coverage and liability
Buying cheaper auto insurance is probably important to the majority of drivers, and one of the easiest ways to find cheaper insurance for a Toyota Highlander is to buy liability only. The information below shows the comparison of insurance prices with full coverage and liability only. The prices are based on no violations or claims, $500 deductibles, single status, and no discounts are applied.
Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs $1,532 per year more than carrying just liability coverage. Many drivers will wonder if you should buy full coverage. There is no exact rule to drop 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 10% of the settlement you would receive from your company, then you might consider buying liability only.
There are a few cases where buying only liability insurance is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not drop full coverage.
If you like to have some advice when comparing insurance rates for a Highlander, the professional agents shown below can help you make a decision which auto insurance policy would work best for you. To find an agent nearest to you, click the button below the list or click here to get price quotes now.
GEICO Insurance Agent
4651 South Blvd Suite B – Charlotte, NC 28209 – (704) 523-2886
David Stroman – State Farm Insurance Agent
210 East Trade Street, C-340 – Charlotte, NC 28202 – (704) 332-1970
Johnson Insurance Management, LLC
3220 Wilkinson Boulevard Ste A3 – Charlotte, NC 28208 – (704) 394-7327
Brian McCaw – State Farm Insurance Agent
5950 Fairview Rd #220 – Charlotte, NC 28210 – (704) 554-0144