How Much Does 2001 Toyota Highlander Car Insurance Cost?

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us, there are a lot of people just like you who feel imprisoned by their car insurance policy.

You have so many insurance companies to buy insurance from, and although it’s a good thing to have multiple companies, it can be more challenging to compare rates.

The purpose of this article is to familiarize you with how to effectively get price quotes and some money-saving tips. If you are paying for car insurance now, you stand a good chance to be able to cut costs considerably using these tips. But consumers must understand the way insurance companies compete online.

Auto Insurance Prices Online

There are a lot of ways you can shop for auto insurance but some are more efficient than others. You can spend your afternoon talking about coverages with agents in your area, or you can utilize the internet to get the quickest rates.

Many companies belong to an insurance system where prospective buyers only type in their quote data once, and every company can give them a price. This saves time by eliminating repetitive form submissions to each company.

To submit your quote information now, click here (opens in new window).

The one disadvantage to pricing coverage this way is you are unable to specify the insurers you want pricing from. If you prefer to choose from a list of companies to compare, we put together a list of auto insurance companies in your area. Click here to view list.

However you get your quotes, make darn sure you compare exactly the same coverage limits with each company. If you are comparing unequal deductibles or liability limits then you won’t be able to find the best deal for your Toyota Highlander. Quoting even small variations in coverages could mean much higher rates. Just remember that getting more free quotes provides better odds of finding a better price.

Toyota Highlander rates are complex

It’s important that you understand the different types of things that help determine auto insurance rates. Having a good understanding of what impacts premium levels helps enable you to make changes that may reward you with big savings.

The following are some of the factors that factor into rates.

  • Low deductibles can be expensive – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Toyota from damage. A few examples of covered claims would be collision with another vehicle, damage from fire, or theft. Physical damage deductibles are the amount of money you are required to spend before a claim is paid by your company. The more expense you have to pay, the bigger discount you will receive for Highlander coverage.
  • Do you know you’re credit rating? – Your credit history is a huge factor in determining what you pay for auto insurance. If your credit history is not that good, you could potentially save money when insuring your 2001 Toyota Highlander by spending a little time repairing your credit. People with high credit ratings tend to be more responsible than drivers who have lower credit scores.
  • Where do you drive? – The more miles you rack up on your Toyota in a year’s time the more you will pay for auto insurance. Most companies rate vehicles based on their usage. Vehicles left parked in the garage receive lower rates as compared to vehicles used primarily for driving to work. An improperly rated Highlander can cost quite a bit. Make sure your auto insurance policy shows how each vehicle is driven, because improper ratings can cost you money.
  • How’s your driving record? – Drivers who don’t get tickets receive lower rates than their less careful counterparts. Only having one moving violation can bump up the cost by as much as thirty percent. Drivers with dangerous tickets such as DUI or reckless driving are required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to prevent a license revocation.
  • Teen drivers pay high rates – Teenage drivers are statistically proven to be more careless when behind the wheel so auto insurance rates are higher. Older insureds are viewed as being more responsible, file fewer claims and are safer drivers.
  • Where you live can impact rates – Living in small towns and rural areas can be a good thing when talking about auto insurance. Fewer people translates into fewer accidents as well as less vandalism and auto theft. Urban drivers have much more traffic to deal with and longer commutes to work. More time commuting can result in more accidents.
  • Your stress level may be raising your rates – Occupations such as judges, social workers and financial analysts have higher average rates due to high stress and lengthy work days. Conversely, jobs such as pilots, engineers and retirees get better rates for Highlander coverage.
  • Add-on coverages can add up – There are a lot of extra bells and whistles that you can get tricked into buying if you aren’t careful. Coverages for roadside assistance, accidental death and motor club memberships may be wasting your money. These coverages may sound good when talking to your agent, but if you don’t need them eliminate them to save money.

These discounts can slash insurance coverage rates

The price of auto insurance can be rather high, but there could be available discounts to cut the cost considerably. A few discounts will automatically apply at the time of quoting, but a few must be asked for prior to getting the savings.

  • Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying monthly you can actually save on your bill.
  • Multi-policy Discount – When you combine your home and auto insurance with the same company you could get a discount of up to 20% off your total premium.
  • Resident Student – Children who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • No Charge for an Accident – Certain companies permit an accident before raising your premiums as long as you don’t have any claims for a set time period.
  • Service Members Pay Less – Having a deployed family member may qualify for rate reductions.
  • Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off for Highlander coverage with certain companies.
  • Auto/Life Discount – Some companies give better rates if you take out life insurance.
  • Discount for Swiching Early – Some insurance companies reward drivers for signing up before your current expiration date. The savings is around 10%.

Consumers should know that some credits don’t apply to all coverage premiums. Some only reduce specific coverage prices like medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, insurance coverage companies aren’t that generous. Any amount of discount will reduce the amount you have to pay.

To see a list of providers who offer insurance coverage discounts, click this link.

When might I need the advice of an agent?

When choosing the best car insurance coverage for your personal vehicles, there really is not a one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions may help you determine if your insurance needs might need an agent’s assistance.

  • How does medical payments coverage work?
  • Where can I get insurance after a DUI in my state?
  • Am I covered if I hit my neighbor’s mailbox?
  • Will my rates increase for filing one claim?
  • Does my policy cover my teen driver if they drive my company car?
  • Should I buy more coverage than the required minimum liability coverage?
  • Does having multiple vehicles earn me a discount?

If you’re not sure about those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

The coverage is in the details

Learning about specific coverages of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and nobody wants to actually read their policy. These are the usual coverages found on the average insurance policy.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like chiropractic care, pain medications, X-ray expenses and rehabilitation expenses. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Comprehensive auto coverage – This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, vandalism, hitting a deer and rock chips in glass. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverages – Collision coverage pays for damage to your Highlander from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with a tree, crashing into a building, hitting a mailbox and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Toyota Highlander.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these limits do not exceed the liability coverage limits.

Liability coverages – Liability insurance provides protection from injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims such as legal defense fees, structural damage, emergency aid, loss of income and funeral expenses. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

In Summary

Discount 2001 Toyota Highlander insurance can be found on the web in addition to many insurance agents, and you should be comparing both to have the best selection. Some companies do not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

We covered a lot of ways to save on insurance. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may even discover the most savings is with a small mutual company. They can often insure niche markets at a lower cost than the large multi-state companies such as Progressive and Geico.

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