Buying cheap auto insurance for a Toyota Highlander can be really easy, but it is dependent upon an enormous amount of factors such as driver age, your credit history, and any prior driving citations you have received. Drivers in North Carolina pay around $800 annually to insure their Highlander, but that figure is a projection based upon a 30-year-old single female driver with full coverage and $1,000 deductibles.
There’s a high likelihood you aren’t exactly 30 years old or even a female, married instead of single, or maybe you want more liability coverage than is required by law in North Carolina. There is no perfect policy for every driver, so the only way to find cheap auto insurance rates for your Toyota is to compare as many rates as you can.
The trim level of your Toyota can impact the insurance rate, so the price to insure a Highlander 2WD trim level will be $124 cheaper than the insurance cost for the more well-appointed Highlander Hybrid Limited 4WD version, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $132 | $206 | $336 | $20 | $100 | $794 | $66 |
| Highlander 4WD | $148 | $250 | $336 | $20 | $100 | $854 | $71 |
| Highlander Sport 4WD | $148 | $250 | $336 | $20 | $100 | $854 | $71 |
| Highlander SE 2WD | $148 | $250 | $336 | $20 | $100 | $854 | $71 |
| Highlander Sport 2WD | $148 | $250 | $336 | $20 | $100 | $854 | $71 |
| Highlander Limited 2WD | $166 | $296 | $336 | $20 | $100 | $918 | $77 |
| Highlander SE 4WD | $166 | $296 | $336 | $20 | $100 | $918 | $77 |
| Highlander Limited 4WD | $166 | $296 | $336 | $20 | $100 | $918 | $77 |
| Highlander Hybrid 4WD | $166 | $296 | $336 | $20 | $100 | $918 | $77 |
| Highlander Hybrid Limited 4WD | $166 | $296 | $336 | $20 | $100 | $918 | $77 |
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can raise or lower premiums noticeably.
Finding good, affordable insurance is not easy, and deciding which company offers the cheapest auto insurance rates for a Toyota Highlander will involve additional perseverance. Each auto insurance company has their own guidelines to set their prices, so we’ll go over the most budget-friendly auto insurance companies in North Carolina.
It’s a good idea to know that Greensboro, NC auto insurance rates are based on many factors which can significantly increase or decrease the cost of a policy. Simply having another birthday, buying a home, or getting caught speeding can cause premium changes that can now make some companies higher-priced than the competition.
Best Auto Insurance Prices for Your Highlander
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $632 |
| 2 | Utica National | $643 |
| 3 | Liberty Mutual | $707 |
| 4 | NC Farm Bureau | $709 |
| 5 | GEICO | $728 |
| 6 | Titan | $729 |
| 7 | Penn National | $739 |
| 8 | State Farm | $779 |
| 9 | Auto-Owners | $852 |
| 10 | Travelers | $900 |
| 11 | Erie | $904 |
| 12 | National General | $908 |
| 13 | Allied | $928 |
| 14 | Peerless | $1,002 |
| 15 | Unitrin | $1,012 |
| 16 | Nationwide | $1,031 |
| 17 | Encompass | $1,031 |
| 18 | MetLife | $1,049 |
| 19 | Safeco | $1,076 |
| 20 | Allstate | $1,097 |
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Progressive offers some of the most affordable car insurance rates in Greensboro at around $632 each year. This is $240 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO would also be considered some of the more affordable Greensboro, NC car insurance companies.
As the example above demonstrates, if you currently have coverage with NC Farm Bureau and switched to Progressive, you might see an annual savings of in the vicinity of $77. North Carolina drivers with GEICO could save as much as $96 a year, and Titan policyholders might lower prices by $97 a year.
These premiums are averaged across all types of drivers and the different vehicles they drive and do not factor in an exact vehicle garaging location for a Toyota Highlander. So the car insurance company that fits your situation best may not even be in the top 20 companies shown above. That points out the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.
Should you buy full coverage?
Reducing premiums for auto insurance should be important to the majority of people, and one good way to buy cheap insurance for a Toyota Highlander is to not insure for full coverage. The information below shows the comparison of auto insurance rates with full coverage and liability only. The rates are based on a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no other discounts are factored in.
If averaged out across all ages, full coverage on your policy costs an additional $1,572 per year more than buying just liability insurance. Many of you may wonder if paying for full coverage is worth it. There is no set guideline that works best for making the decision to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.
There are a few situations where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not drop full coverage.
Get discount Greensboro auto insurance
Auto insurance companies that provide coverage for a Toyota Highlander may have price discounts that could potentially reduce rates by 40% or more if you meet the requirements. The best auto insurance companies and some of the premium reductions they offer include:
- GEICO may include discounts for five-year accident-free, military active duty, multi-vehicle, membership and employees, air bags, and anti-lock brakes.
- USAA offers discounts for family discount, multi-policy, defensive driver, annual mileage, and multi-vehicle.
- Progressive policyholders can earn discounts including multi-vehicle, good student, online signing, online quote discount, and homeowner.
- American Family includes discounts for good driver, TimeAway discount, multi-vehicle, early bird, accident-free, bundled insurance, and good student.
- Esurance may have discounts that include anti-theft, safety device, renters, good driver, and paid-in-full.
- Farmers Insurance discounts include switch companies, alternative fuel, bundle discounts, business and professional, distant student, and youthful driver.
- State Farm has discounts for Steer Clear safe driver discount, driver’s education, safe vehicle, multiple policy, passive restraint, and student away at school.
The information below illustrates the comparison of car insurance rates with and without discounts. The premium estimates are based on a male driver, no violations or accidents, North Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with marriage, passive restraint, multiple policy, safe-driver, claim-free, and accident-free discounts applied. When taking advantage of discounts, the average savings per year on auto insurance for a Toyota Highlander is 27% or $436.
If you have coverage questions and would like to get help from a professional when comparing insurance rates for a Toyota Highlander, the agents listed below can probably help you determine which insurance coverage will be best for you. To locate a Greensboro auto insurance agent nearest to you, click the link at the bottom or click here to compare price quotes now.
Senn Dunn Insurance
3625 N Elm St – Greensboro, NC 27455 – (336) 272-7161
Nationwide Insurance: Michael Bare Agency
2828 Battleground Ave Ste C – Greensboro, NC 27408 – (336) 282-5033
Godwin Insurance Agency
905 Battleground Ave – Greensboro, NC 27408 – (336) 379-8640
Allstate Insurance: John F Davis
3800 S Holden Rd #101 – Greensboro, NC 27406 – (336) 299-9100
Nationwide Insurance – Young Insurance Agency Inc
2100 W Cornwallis Dr, Ste O – Greensboro, NC 27408 – (336) 288-8000
Find a Greensboro, NC insurance agent near you
How to find budget-friendly insurance for a Toyota Highlander
The list below summarizes some of the better penny-pinching ideas that can help North Carolina drivers get cheaper auto insurance.
- Full coverage may not be needed on older vehicles
- Good credit scores may lower your rates
- Bundle home and auto and earn a discount
- Lower rates by purchasing a safer vehicle
- Try paying for small claims out-of-pocket
- Raise your physical damage coverage deductibles
- Compare price quotes at least once a year
The last idea is extremely significant, as was emphasized in this article. Coverage rates fluctuate constantly, so drivers shouldn’t be resistant to switch companies if a cheaper price is available.
Brand loyalty is great, but is isn’t recommended if it’s costing you major coinage every year. Take a couple minutes and compare rates to find cheaper car insurance for a Toyota Highlander in Greensboro.