Buying the cheapest coverage for a Toyota Highlander in Indiana relies on many rating factors such as whether you are married or single, your profession, and any past driving violations you may have had. Drivers in Indiana pay around $696 per year to insure their Highlander, but that figure is an estimation using a 40-year-old married male driver with both comprehensive and collision coverage and $1,000 deductibles.

More likely than not, you are not 40 years old and maybe not even male, you might be single instead of married, or maybe you want more liability coverage than is required by law in Indiana. Even a minor difference in rating variables could result in a significant change in the policy rate.

This shows why the way we recommend to find affordable rates for your Toyota is to just compare rates yourself.

View Toyota Highlander Insurance Rates

Your Toyota's trim level tends to have a direct impact on the cost of coverage, so the price to insure a Highlander 2WD trim level will be $108 cheaper than the cost to insure the fancier Highlander Hybrid Limited 4WD model, as shown below.

Toyota Highlander Insurance Rates in Indiana
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $122 $174 $290 $18 $86 $690 $58
Highlander 4WD $138 $212 $290 $18 $86 $744 $62
Highlander Sport 4WD $138 $212 $290 $18 $86 $744 $62
Highlander SE 2WD $138 $212 $290 $18 $86 $744 $62
Highlander Sport 2WD $138 $212 $290 $18 $86 $744 $62
Highlander Limited 2WD $154 $250 $290 $18 $86 $798 $67
Highlander SE 4WD $154 $250 $290 $18 $86 $798 $67
Highlander Limited 4WD $154 $250 $290 $18 $86 $798 $67
Highlander Hybrid 4WD $154 $250 $290 $18 $86 $798 $67
Highlander Hybrid Limited 4WD $154 $250 $290 $18 $86 $798 $67
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in garaging location in Indiana which can revise premiums substantially.

What is the best auto insurance company in Indiana?

Ending up with a high-quality car insurance company can be challenging considering how many companies are available to choose from in Indiana. The company information shown next can help you pick which insurers to look at shopping prices with.

These rankings include large insurance companies, so smaller companies are not taken into consideration for this list. If you wish to compare prices from these and other competitive companies, click this link.

Top 10 Large Auto Insurers in Indiana Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. GEICO
  7. AAA Insurance
  8. Safeco Insurance
  9. Esurance
  10. The General

Top 10 Large Auto Insurers in Indiana Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. State Farm
  6. Liberty Mutual
  7. Safeco Insurance
  8. Allstate
  9. 21st Century
  10. Travelers

Top Companies for Toyota Highlander Insurance in Indiana

Difference between liability only and full coverage rates

Paying a lower price for auto insurance is the goal of the majority of vehicle owners, and one of the best ways to pay lower rates for insurance for a Toyota Highlander in Indiana is to not insure for full coverage. The example below visualizes the comparison of insurance prices with and without full coverage. The rates are based on no claims or driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.

If averaged for all ages, full coverage on your policy costs an additional $1,724 per year over liability only. That is a large expense and it proposes the question if buying full coverage is a good investment. There is no set guideline that is best for determining when to drop physical damage insurance, but there is a general convention. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let's assume your vehicle's book value is $12,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $11,000 after the deductible is paid. If you are paying over $1,100 annually for physical damage coverage, then it might be time to consider dropping full coverage.

There are some cases where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.

Why you should compare rates

Indiana auto insurance rates are impacted by many things that will increase or decrease the price of your policy. Simply having another birthday, having a claim, or getting a DUI can cause premium changes that can cause some rates to be affordable when they were higher priced.

Not only may your risk profile change, but car insurance companies amend pricing every year or even multiple times each year to ensure their profitability. Higher than usual claims may result in increased rates, while profitable underwriting may cause cheaper Highlander insurance rates.

To illustrate this example, the data below shows the cheapest car insurance in Indiana for a 30-year-old female driver with no violations or accidents, and great credit. When quoting prices based on her current situation, Travelers offers the cheapest car insurance rates in Indiana at $614 annually. This is $626 less than the average rate paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are the rest of the most affordable Indiana auto insurance companies.

In this next rate comparison, we will give the driver in the first chart a chargeable claim, less-than-perfect credit, and a traffic citation. Due to the fact that each insurance company uses their own formula for determining rates, analyzing rate quotes may now result in a slightly different list of affordable Indiana car insurance companies as shown below.

The Hartford now has the cheapest rate in Indiana with Auto-Owners, USAA, Nationwide, and Motorists Mutual also being competitive. This example demonstrates why it is crucial to compare rates when trying to get the lowest car insurance rates for a Toyota Highlander. Prices are determined by many different factors and change frequently, so the most economical company three years ago may now be priced much higher than other options.