Compare the Cost of Toyota Highlander Insurance by Model Year and Company

Auto insurance rates may vary significantly based on age. For example, it costs around $5,341 a year for a 16-year-old to get full coverage auto insurance for a 2009 Toyota Highlander, whereas a 40-year-old pays roughly $1,155. For a 2022 model, a 16-year-old spends approximately $6,564 per year, while a 40-year-old only pays around $1,454.

Although most drivers focus on cost when choosing the best auto insurance, they should consider several other factors. MoneyGeek rated top insurance providers for a Toyota Highlander based on claims management, service quality and affordability.

Insuring a Toyota Highlander costs $1,324 yearly, although your rate may differ based on the company you choose for your policy. Our research indicates that State Farm offers the most affordable car insurance for a Toyota Highlander at $1,043 per year. Meanwhile, Farmers is the most expensive insurer, costing $1,585 yearly. These are average rates for a full coverage policy.

If you choose minimum coverage, the same providers offer the lowest and highest average premium, with State Farm charging $463 per year and Farmers $781.

You can secure the cheapest car insurance for your Toyota Highlander by comparing quotes from multiple companies.

Cars with a high value, a sports car designation or high theft cases may be more expensive to insure than other cars. That may be because they cost more to replace and repair.

As a car with a moderate value, the Toyota Highlander is cheaper to insure than many other models. The SUV has a lower-end theft rate and excellent safety ratings. These factors indicate that the car is safe to drive and isn’t as likely to get stolen, so it won’t pose a high risk to the insurer.

The best Toyota Highlander insurance provider combines quality service, affordability and good claims handling. From our analysis, the best auto insurance companies for this SUV are:

• State Farm: MoneyGeek score of 90 out of 100 ($1,043 per year)
• GEICO: MoneyGeek score of 88 out of 100 ($1,113 per year)

With the cheapest average full coverage rate and the second-best rating on customer satisfaction, State Farm ranks top for balancing cost and quality service. By choosing a policy from this insurer, you won’t need to trade having a low premium to get good customer service.

The average cost of auto insurance is partly influenced by the model year of your vehicle. The value of a car may diminish each year, and as such, newer cars are often more costly to insure than older versions of the same vehicle. For example, a 40-year-old Toyota Highlander driver pays an average of $1,155 to get a full coverage policy for a 2009 model. Meanwhile, the same policy costs $1,454 for a 2022 model.

Average annual auto insurance costs can differ by the insurer and the model year of a Toyota Highlander. Based on our analysis, State Farm is the most affordable provider for a Toyota Highlander 2009 model, costing an average of $890 yearly for full coverage. The insurer is also the cheapest option for a 2022 model, at an average yearly cost of $1,198.

Car insurance rates do vary depending on age. Teens and young adult drivers usually spend more than middle-aged drivers because they lack experience on the road and are riskier to insure.

For instance, Toyota Highlander insurance costs for a 16-year-old average $5,883 per year if they purchase a full coverage policy. Meanwhile, a 40-year-old only spends about $1,287 per year. Fortunately, teen car insurance rates reduce annually and become steady in their 20s.

You will notice that car insurance rates differ significantly across insurers for the same make and model. That is why we recommend shopping around if you need the cheapest teen car insurance. Teens save the most when on a family policy, and, in most cases, they cannot legally purchase auto insurance when under 18 without a parent or guardian as a co-signer.

If a 16-year-old teen does get their own policy instead of being on a family policy and has a Toyota Highlander, they pay around $3,302 per year with State Farm, the cheapest full coverage offered. Meanwhile, they spend roughly $8,192 per year for that policy from Farmers, the most expensive insurer.

When you get quotes for Toyota Highlander car insurance, your age and SUV model year and type are going to affect how much insurers charge. Location will, too.

You are likely to pay a higher or lower premium than the average nationwide Toyota Highlander insurance costs based on where you live. Rates vary by state, with Idaho being the most affordable and New York the priciest.

When choosing the best auto insurance for your needs with a Toyota Highlander, get quotes from the most affordable insurers in your state to save on your policy.

MoneyGeek responded to common questions that current or future Toyota Highlander drivers have about the cost and quality of auto insurance they can get. The answers can help inform your decision on the best provider for your needs.