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

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.

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Last Updated: 5/18/2022
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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.

Key Takeaways for Toyota Highlander Insurance

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The cost of insurance for a Toyota Highlander is $1,129 per year on average, which is $298 less than the average car model.

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Insurance rates for the Toyota Highlander can change by as much as $357 per year depending on the insurer.

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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.

How Much It Costs to Insure a Toyota Highlander and the Cheapest Company

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.

The Average Annual Cost of Toyota Highlander Insurance by Company

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.

The Average Cost to Insure a Toyota Highlander by Company

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Is a Toyota Highlander Expensive to Insure?

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.

The Best Car Insurance Company for a Toyota Highlander

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:

  • USAA is the best car insurance company for a Toyota Highlander, but it is only for military members and their families.
  • GEICO is the second-best insurance company for a Toyota Highlander and is available to all drivers.

1
USAA
Score:98.5

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:88.6

4.9/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:84.8

4.6/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:80.1

4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Nationwide
Score:76.5

3.7/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

6
Allstate
Score:70

3.1/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

7
Allied
Score:NaN

3/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

How Much It Costs to Insure a Toyota Highlander by Model Year

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:

  • 2005 Toyota Highlander: $958 per year
  • 2010 Toyota Highlander: $1,041 per year
  • 2016 Toyota Highlander: $1,217 per year
  • 2017 Toyota Highlander: $1,246 per year
  • 2018 Toyota Highlander: $1,280 per year
  • 2019 Toyota Highlander: $1,289 per year
  • 2020 Toyota Highlander: $1,299 per year

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.

The Average Cost to Insure a Toyota Highlander by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,125
    $1,118
    $1,111
    $1,087
    $1,066
    $911
    $813
  • 2.
    $1,121
    $1,113
    $1,106
    $1,079
    $1,057
    $936
    $858
  • 3.
    $1,157
    $1,153
    $1,148
    $1,134
    $1,121
    $1,006
    $932
  • 4.
    $1,352
    $1,342
    $1,332
    $1,299
    $1,271
    $1,063
    $937
  • 5.
    $1,281
    $1,294
    $1,307
    $1,350
    $1,387
    $1,125
    $1,062

How Expensive Is It to Insure a Toyota Highlander Compared to Other Cars?

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.

How Much It Costs to Insure a Toyota Highlander for 16- to 25-Year-Olds

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.

The Average Cost to Insure a Toyota Highlander by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $4,723
  • 17
    $4,184
  • 18
    $3,684
  • 19
    $2,639
  • 20
    $2,355
  • 21
    $1,864
  • 22
    $1,717
  • 23
    $1,572
  • 24
    $1,475
  • 25
    $1,338
  • 40
    $1,129

How Does Location Affect the Cost of Toyota Highlander Insurance?

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.

FAQs About Toyota Highlander Insurance

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.

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Methodology

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:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.