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MoneyGeek found that, on average, the cost of insurance for the Toyota Highlander is $1,129 per year, which is less than the average rate across all models per year. Compared to other models, it is a fairly inexpensive car to insure. However, rates can vary depending on the insurer and the model year of the car.
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
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Rates can vary based on different factors, so it pays to shop around when looking for an insurance policy for your Toyota Highlander. Various insurance providers may have different rates for the same car. The cheapest insurer can change based on your car’s model year.
The cost of insurance for a Toyota Highlander is $1,129 per year on average, which is $298 less than the average car model.
Insurance rates for the Toyota Highlander can change by as much as $357 per year depending on the insurer.
The insurance costs for a Toyota Highlander can change by as much as $341 depending on the age of the car, with older models having lower premiums.
Your choice of insurer can significantly affect your insurance rate. On average, you’ll pay $1,129 annually to insure a Toyota Highlander.
USAA offers the cheapest premium for a Toyota Highlander at an average of $979 a year. On the other hand, Allied is the most expensive at an average of $1,336 annually. That’s a potential difference of $357 depending on your choice of company.
However, USAA is only available to military families. GEICO is the cheapest widely available insurer and costs roughly $993 per year.
MoneyGeek collected information about insurance provider rates using a sample driver profile for the Toyota Highlander. In this case, the driver is a 40-year-old male that has 100/300/100 liability insurance with comprehensive and collision coverage.
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Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Compared to the average car model, a Toyota Highlander is relatively inexpensive to insure. Insurers consider several factors when setting premiums for any given car model, and a car’s value is one of them.
The Toyota Highlander is a low-value car. Cars that are cheaper are not as expensive to repair, so insurers charge less to insure them.
Price shouldn’t be your only consideration if you’re looking to buy Toyota Highlander insurance. You should also look into other relevant details about the insurance provider you are considering.
MoneyGeek’s, rating system, which considers factors like customer complaints and financial stability, found that:
Older versions of a Toyota Highlander tend to be cheaper to insure. This is because, as a car’s value depreciates, collision and comprehensive insurance also become less expensive.
On average, it costs $958 per year to insure a 2005 Toyota Highlander and $1,299 per year for a 2020 Toyota Highlander. That’s a $341 difference annually.
Here are the average insurance costs for a Toyota Highlander based on the different model years:
GEICO offers the cheapest insurance rate, at $1,121 per year on average, for a 2020 Toyota Highlander. Scroll to your car’s model year to compare rates from various providers.
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Compared to other car models, insuring a Toyota Highlander is relatively inexpensive. On average, you’ll spend $1,129 per year to insure a Toyota Highlander, which is $298 less than the average rate across all models.
Younger drivers might pay significantly more for car insurance given their inexperience on the road, no matter what kind of car they drive.
On average, an 18-year-old driver will pay $3,684 per year to insure a Toyota Highlander. A 40-year-old driver will pay an average of $2,555 less annually for the same car.
To save money, teen drivers and their parents can stay on the same policy. This is more affordable than letting a teenager purchase insurance for themselves.
Below are the costs of Toyota Highlander insurance for drivers ages 16 to 25.
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The rates presented in this article are based on a national average, so it’s important to note that where you live can significantly affect your insurance rates. Our state page analysis can give you more information about the cost of car insurance in each state.
The model of your car can greatly influence your car insurance rates, but it’s just one of the many factors. You can find out more about insuring a Toyota Highlander with these frequently asked questions.
MoneyGeek collected thousands of insurance rates for a Toyota Highlander across all available model years. The sample profile used is a 40-year-old male driver purchasing a full coverage policy with the following coverages:
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