Save Money on Toyota Highlander Insurance in Orlando

  1. Home
  2. >
  3. Orlando Auto Insurance
  4. >
  5. Toyota Highlander

If you want to save money, the best way to find cheaper prices for Toyota Highlander insurance in Orlando is to begin comparing prices regularly from different companies who provide auto insurance in Florida. You can compare rates by following these guidelines.

  • Step 1: Get an understanding of how your policy works and the things you can change to prevent expensive coverage. Many rating criteria that result in higher rates like traffic violations, accidents, and a not-so-good credit history can be amended by being financially responsible and driving safely. Read the full article for more ideas to find cheap prices and get additional discounts that may be available.
  • Step 2: Quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can provide price quotes for a wide range of companies. Find an Orlando insurance agent
  • Step 3: Compare the new rates to your existing rates to see if a cheaper price is available in Orlando. If you can save some money, make sure there is no lapse in coverage.

An important bit of advice to remember is to try to use the same level of coverage on every quote and and to analyze as many carriers as you can. This guarantees a fair rate comparison and a better comparison of the market.

Discount Toyota Highlander insuranceIt goes without saying that insurance companies don't want you comparing rates. Insureds who compare rates at least once a year will probably buy a new policy because there is a good probability of finding discount prices. A recent insurance study revealed that drivers who shopped around every year saved approximately $865 annually compared to other drivers who never shopped around for better prices.

If finding the lowest price on car insurance in Orlando is your intention, then having a good understanding how to get price quotes and compare coverage rates can make the process less intimidating.

The method we recommend to compare car insurance company rates for Toyota Highlander insurance in Orlando is to understand most larger insurance companies allow for online access to give free rates quotes. The only thing you need to do is give them some information including deductibles desired, if it has an alarm system, your credit rating estimate, and how you use your vehicles. The rating information is then submitted to multiple companies and they return quotes almost instantly.

To check Toyota Highlander insurance prices now, click here and enter the information requested.

The companies shown below provide free quotes in Orlando, FL. If multiple companies are listed, it's a good idea that you visit as many as you can in order to find the lowest rates.

Analysis of Toyota Highlander rates

The rate table displayed below outlines a range of insurance policy prices for Toyota Highlander models. Being able to understand how policy premiums are figured is important for you to make informed coverage decisions.

Toyota Highlander Insurance Rates in Orlando, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $226 $370 $472 $28 $142 $1,238 $103
Highlander 4WD $254 $452 $472 $28 $142 $1,348 $112
Highlander Sport 4WD $254 $452 $472 $28 $142 $1,348 $112
Highlander SE 2WD $254 $452 $472 $28 $142 $1,348 $112
Highlander Sport 2WD $254 $452 $472 $28 $142 $1,348 $112
Highlander Limited 2WD $284 $532 $472 $28 $142 $1,458 $122
Highlander SE 4WD $284 $532 $472 $28 $142 $1,458 $122
Highlander Limited 4WD $284 $532 $472 $28 $142 $1,458 $122
Highlander Hybrid 4WD $284 $532 $472 $28 $142 $1,458 $122
Highlander Hybrid Limited 4WD $284 $532 $472 $28 $142 $1,458 $122
Get Your Own Custom Quote Go

Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate quotes do not factor in vehicle location which can impact price quotes greatly.

Physical damage deductibles

A question often asked by Orlando drivers is how high should the physical damage deductibles be. The following insurance rates illustrate the differences in premium rates when you choose different coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second price grid uses a $500 deductible.

Toyota Highlander insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $322 $446 $418 $24 $124 $1,359 $113
Highlander 4WD $364 $544 $418 $24 $124 $1,499 $125
Highlander Sport 4WD $364 $544 $418 $24 $124 $1,499 $125
Highlander SE 2WD $364 $544 $418 $24 $124 $1,499 $125
Highlander Sport 2WD $364 $544 $418 $24 $124 $1,499 $125
Highlander Limited 2WD $406 $640 $418 $24 $124 $1,637 $136
Highlander SE 4WD $406 $640 $418 $24 $124 $1,637 $136
Highlander Limited 4WD $406 $640 $418 $24 $124 $1,637 $136
Highlander Hybrid 4WD $406 $640 $418 $24 $124 $1,637 $136
Highlander Hybrid Limited 4WD $406 $640 $418 $24 $124 $1,637 $136
Get Your Own Custom Quote Go
Toyota Highlander insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $262 $360 $418 $24 $124 $1,188 $99
Highlander 4WD $296 $438 $418 $24 $124 $1,300 $108
Highlander Sport 4WD $296 $438 $418 $24 $124 $1,300 $108
Highlander SE 2WD $296 $438 $418 $24 $124 $1,300 $108
Highlander Sport 2WD $296 $438 $418 $24 $124 $1,300 $108
Highlander Limited 2WD $330 $516 $418 $24 $124 $1,412 $118
Highlander SE 4WD $330 $516 $418 $24 $124 $1,412 $118
Highlander Limited 4WD $330 $516 $418 $24 $124 $1,412 $118
Highlander Hybrid 4WD $330 $516 $418 $24 $124 $1,412 $118
Highlander Hybrid Limited 4WD $330 $516 $418 $24 $124 $1,412 $118
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium amounts do not factor in Orlando location which can change insurance rates noticeably.

Based on the above data, using a $250 deductible costs about $17 more each month or $204 each year than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go more than 15 months between claims, you would come out ahead going with the higher deductible. Here's how this calculation is made.

Average monthly premium for $250 deductibles: $129
Average monthly premium for $500 deductibles (subtract): - $112
Monthly savings from raising deductible: $17
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to be aware of is that increasing deductibles to lower your rates results in a higher out-of-pocket expense when you have a physical damage claim. It will be required that you have some available funds in the event you have to pay the deductible.

Impact of citations and accidents on insurance rates

The information below highlights how traffic violations and fender-benders impact Toyota Highlander insurance costs for different insured age categories. The premium estimates are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.

Price comparison of only insuring for liability

The information below shows the difference between Toyota Highlander insurance prices with full physical damage coverage compared to only buying liability only. The price estimates are based on no accidents or driving violations, $1,000 deductibles, single status, and no discounts are taken into consideration.

When to stop paying for full coverage

There is no definitive guideline for excluding comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Toyota Highlander claim settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If premiums are more than $200 a year for full coverage, then you might want to think about dropping full coverage.

There are some circumstances where dropping full coverage is not advised. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Toyota Highlander Insurance Premium Factors

Many things are part of the equation when you get a price on insurance. Some of the criteria are obvious such as your driving history, but other factors are not as apparent such as whether you are married or how financially stable you are.

Shown below are a few of the things companies use to determine your premiums.

Rural vs Urban Areas - Having an address in less populated areas has it's advantages when talking about insurance. Fewer drivers means fewer accidents as well as less vandalism and auto theft. Drivers in populated Florida areas regularly have more traffic problems and a longer drive to work. More time behind the wheel means more chances of being involved in an auto accident.

Good credit means lower costs - An insured's credit score will be a significant factor in calculating your premium rate. Therefore, if your credit could use some work, you could save money insuring your Toyota Highlander by spending a little time repairing your credit. People that have high credit ratings tend to file fewer claims and have better driving records than those with lower ratings.

High coverage deductibles lower costs - Coverage for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your Toyota. Some instances where coverage would apply would be a windshield shattered by a rock, collision with an animal, and windstorm damage. The deductibles you choose define the amount you are required to spend out-of-pocket before a claim is paid by your company. The higher the amount the insured has to pay upfront, the less your insurance will be.

Car plus home equals more savings - Many insurance companies allow discounts to people that have more than one policy such as combining an auto and homeowners policy. Even if you qualify for this discount already, you may still want to compare other company rates to help guarantee you have the best rates.

Insurance rates and age - Drivers with little experience tend to get distracted easily when behind the wheel so insurance rates are higher. Mature drivers are proven to be safer behind the wheel, tend to file fewer claims, and are generally more financially stable.

The data below is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Only buy extra coverages you need - There are a ton of additional extra coverages that can waste your money if you aren't diligent. Insurance for personal injury protection, high-cost glass coverage, and extra equipment coverage are probably not needed. They may sound like good ideas when buying your policy, but if you have no use for them eliminate the coverages to reduce your premium.

Loss statistics for a Toyota Highlander - Insurers use data from past claims to calculate a price that will offset any claims. Vehicles that the data determines to have higher number or severity of losses will have a higher cost to insure.

The table shown below demonstrates the loss history for Toyota Highlander vehicles. For each policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is considered to be 100. Values under 100 indicate better than average losses, while numbers above 100 indicate more frequent losses or tendency to have larger claims.

Auto Insurance Loss Data for Toyota Highlander Models
Specific Toyota Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Highlander 4dr 2WD 88 82 94 94 78 75
Toyota Highlander 4dr 4WD 95 86 117 88 74 78
Toyota Highlander Hybrid 4dr 4WD 111 143
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Buying the right Highlander insurance in Florida is an important decision

Even though Orlando Highlander insurance rates can get expensive, paying for car insurance is required for several reasons.

  • Almost all states have minimum liability requirements which means it is punishable by state law to not carry a specific level of liability coverage in order to license the vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you took out a loan on your vehicle, it's guaranteed your bank will stipulate that you carry insurance to guarantee loan repayment. If you do not keep the policy in force, the lender may have to buy a policy to insure your Toyota for a much higher rate and force you to pay much more than you were paying before.
  • Car insurance preserves both your vehicle and your personal assets. It will also cover medical expenses that are the result of an accident. Liability insurance also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If your Toyota gets damaged, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.

The benefits of insuring your Highlander are definitely more than the cost, especially when you need to use it. Despite what companies tell you, the average driver is overpaying over $825 a year so smart consumers compare quotes at every renewal to ensure rates are competitive.

Orlando car insurance company ratings

Picking the top auto insurance company can be difficult considering how many companies provide coverage in Orlando. The company ratings displayed below could help you decide which insurers to look at buying from.

Top 10 Orlando Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top 10 Orlando Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance