Insurance for Toyota HighlanderI can't think of anyone who likes having to buy car insurance, especially knowing their premiums are too high.

Shocking but true, most drivers have bought car insurance from the same company for more than four years, and just short of a majority have never compared rates with other companies. Indiana drivers could save an average of up to $700 each year, but they assume it's a waste of time to compare rate quotes.

Insurance companies such as GEICO and Progressive promote their brand names with advertising and consumers find it hard to sift through the bull and effectively compare rates to find the best deal.

If you have auto insurance now, you will surely be able to get lower rates using these methods. Finding affordable auto insurance coverage in Evansville is not that difficult. Although Indiana vehicle owners should learn how the larger insurance companies calculate their prices because it can help you find the best coverage.

Car insurance discounts help lower rates for Toyota Highlander insurance in Evansville

Some insurers don't always advertise every disount available in an easy-to-find place, so we break down some of the more common and also the lesser-known savings tricks you should be using when you buy Evansville car insurance online.

As a footnote on discounts, most discounts do not apply to the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, nobody gets a free ride.

A few companies who may offer these discounts include:

Before purchasing a policy, check with all the companies to apply every possible discount. Some discounts listed above may not apply to policyholders in your state. If you would like to choose from a list of providers that offer many of these discounts in Indiana, click here to view.

The most recommended method to compare policy rates for Toyota Highlander insurance in Evansville is to understand almost all companies participate in a system to provide you with a free rate quote. All you need to do is spend a couple of minutes providing details like if you went to college, any included safety features, whether or not you need a SR-22, and the type of vehicles you drive. The rating information is then submitted to many highly-rated insurers and you get price estimates immediately.

To start a rate quote now, click here and see if a lower rate is available in Evansville.

The companies shown below can provide quotes in Evansville, IN. If multiple companies are shown, we suggest you visit several of them in order to get a fair rate comparison.

Toyota Highlander Insurance Costs in Evansville, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $152 $238 $294 $18 $88 $790 $66
Highlander 4WD $302 $536 $380 $22 $114 $1,354 $113
Highlander Sport 4WD $222 $336 $290 $18 $86 $952 $79
Highlander SE 2WD $148 $264 $340 $20 $102 $874 $73
Highlander Sport 2WD $272 $436 $280 $16 $84 $1,088 $91
Highlander Limited 2WD $248 $396 $290 $18 $86 $1,038 $87
Highlander SE 4WD $202 $320 $290 $18 $86 $916 $76
Highlander Limited 4WD $234 $444 $318 $18 $94 $1,108 $92
Highlander Hybrid 4WD $262 $486 $364 $22 $110 $1,244 $104
Highlander Hybrid Limited 4WD $168 $270 $280 $16 $84 $818 $68
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Information does not factor in Evansville location which can impact price quotes significantly.

Car insurance rates by gender and age

The chart below illustrates the comparison of Toyota Highlander premium costs for male and female drivers. The premiums assume no violations or claims, comprehensive and collision coverage, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

Where to set your deductibles

One of the more difficult decisions when buying car insurance is which deductible level should you buy. The premium rates below may help you to understand the rate differences between high and low comp and collision deductibles. The first set of rates uses a $100 deductible for physical damage and the second rate table uses a $1,000 deductible.

Toyota Highlander insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $242 $358 $280 $16 $84 $1,005 $84
Highlander 4WD $272 $436 $280 $16 $84 $1,113 $93
Highlander Sport 4WD $272 $436 $280 $16 $84 $1,113 $93
Highlander SE 2WD $272 $436 $280 $16 $84 $1,113 $93
Highlander Sport 2WD $272 $436 $280 $16 $84 $1,113 $93
Highlander Limited 2WD $304 $514 $280 $16 $84 $1,223 $102
Highlander SE 4WD $304 $514 $280 $16 $84 $1,223 $102
Highlander Limited 4WD $304 $514 $280 $16 $84 $1,223 $102
Highlander Hybrid 4WD $304 $514 $280 $16 $84 $1,223 $102
Highlander Hybrid Limited 4WD $304 $514 $280 $16 $84 $1,223 $102
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Toyota Highlander insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $134 $188 $280 $16 $84 $702 $59
Highlander 4WD $152 $230 $280 $16 $84 $762 $64
Highlander Sport 4WD $152 $230 $280 $16 $84 $762 $64
Highlander SE 2WD $152 $230 $280 $16 $84 $762 $64
Highlander Sport 2WD $152 $230 $280 $16 $84 $762 $64
Highlander Limited 2WD $168 $270 $280 $16 $84 $818 $68
Highlander SE 4WD $168 $270 $280 $16 $84 $818 $68
Highlander Limited 4WD $168 $270 $280 $16 $84 $818 $68
Highlander Hybrid 4WD $168 $270 $280 $16 $84 $818 $68
Highlander Hybrid Limited 4WD $168 $270 $280 $16 $84 $818 $68
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rates do not factor in specific zip code location which can change auto insurance rates greatly.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $31 more each month or $372 every year than quoting the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 29 months between claims, you would most likely save money by going with a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $100 deductibles: $97
Average monthly premium for $1,000 deductibles (subtract): - $66
Monthly savings from raising deductible: $31
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 29 months

Cost difference between full coverage and liability

The chart below examines Toyota Highlander insurance premiums with full physical damage coverage compared to only buying liability only. The costs are based on a clean driving record, no at-fault accidents, $100 deductibles, single female driver, and no discounts are taken into consideration.

When to stop buying comprehensive and collision coverage

There is no specific rule for excluding physical damage coverage on your policy, but there is a general guideline. If the annual cost of coverage is more than about 10% of the vehicle's replacement cost less your deductible, then you might consider buying liability only.

For example, let's assume your Toyota Highlander replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after paying the physical damage deductible. If premiums are more than $800 annually for full coverage, then you might want to think about dropping full coverage.

There are some scenarios where dropping physical damage coverage is not financially feasible. If you haven't paid off your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Why You Might Pay Lower Rates in Evansville

Smart consumers have a good feel for some of the elements that aid in calculating your premiums. If you understand what determines premiums, this enables informed choices that will entitle you to lower rates. Lots of factors are used when you get your auto insurance bill. Some factors are common sense such as traffic violations, but others are more obscure such as your credit history or how safe your car is.

Liability protection safeguards assets - The liability section of your policy will provide protection if ever you are ruled to be at fault for an accident. This coverage provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not skimp.

Does your occupation cost you more? - Did you know your career choice can influence rates? Occupational choices like fire fighters, architects and financial analysts have higher average rates due to intense work requirements and incredibly demanding work hours. On the flip side, occupations like actors, historians and the unemployed get better rates.

Discounts for married couples - Having a wife or husband can actually save you money on your car insurance bill. Marriage is viewed as being more stable financially it has been statistically shown that married couples file fewer claims.

Do females or males drive better? - Over the last 50 years, statistics have shown women tend to be less risk to insure than men. However, this does not mean females are better drivers. Both genders have fender benders in similar numbers, but men cause more damage. They also get more serious tickets such as DWI and reckless driving. Male teenagers have the highest risk to insure and therefore are the most expensive to insure.

Cautious drivers pay less - Drivers who don't get tickets have lower premiums than their less careful counterparts. Having just one moving violation can increase rates substantially. Drivers who have gotten multiple tickets like reckless driving or DUI may be required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent their license from being revoked.

Cheaper prices for prior coverage - Driving any period of time without insurance is a misdemeanor and you will pay a penalty because you let your insurance expire. And not only will insurance be more expensive, being ticketed for driving with no insurance may earn you fines or a revoked license.

Toyota Highlander insurance loss data - Insurers factor in insurance loss information to help determine rates. Vehicles that the data shows to have higher claim amounts or frequency will be charged more to insure.

The information below illustrates the actual insurance loss data for Toyota Highlander vehicles. For each policy coverage type, the claim amount for all vehicles compiled together is a value of 100. Values below 100 suggest losses that are better than average, while percentage values above 100 point to more frequent losses or tendency to have higher losses.

Insurance Loss Ratings for Toyota Highlander Vehicles

Vehicle 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

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

Don't assume everyone needs the same insurance coverage

When buying your policy, there is no one-size-fits-all type of policy. Everyone's situation is a little different and your policy should reflect that. For example, these questions can aid in determining whether your personal situation might need an agent's assistance.

If it's difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Auto insurance quotes from local neighborhood Evansville car insurance agents

A small number of people just prefer to have an agent's advice and doing so can bring peace of mind An additional benefit of getting free rate quotes online is you may find cheaper car insurance rates and still choose a local agent.

To find an agent, once you fill out this short form, the quote information is emailed to participating agents in Evansville who will return price quotes for your insurance coverage. There is no need to contact an agency as quotes are delivered to you. You can find lower rates AND an agent nearby. If you wish to get a rate quote from a specific insurance company, you can always search and find their rate quote page to submit a rate quote request.

Finding a good insurance company is decision based upon more than just a cheap quote. You should also get answers to these questions.

If you get good feedback as well as a affordable price, you've probably found an insurance company that will insure your vehicles. Just keep in mind you are able to cancel your policy whenever you want so don't think you are locked into a specific agent for the full policy term.

Protect your Highlander and other assets

Despite the fact that car insurance is not cheap in Evansville, car insurance is required by state law in Indiana and it also provides benefits you may not be aware of.

The benefits of buying enough insurance more than cancel out the cost, particularly when you have a large claim. But the average driver in Indiana is overpaying more than $850 per year so compare rate quotes each time the policy renews to be sure current rates are still competitive.

One last note

In this article, we covered a lot of ways to compare Toyota Highlander insurance premium rates in Evansville. The key concept to understand is the more providers you compare, the better your comparison will be. You may even be surprised to find that the best premium rates are with the smaller companies. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Progressive and GEICO.

When shopping online for auto insurance, never skimp on coverage in order to save money. In many instances, someone sacrificed collision coverage to discover at claim time that it was a big error on their part. Your strategy should be to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

The cheapest Toyota Highlander insurance in Evansville can be found both online and with local Evansville insurance agents, and you need to comparison shop both so you have a total pricing picture. A few companies do not provide rates over the internet and many times these small, regional companies provide coverage only through independent insurance agencies.

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