How to Compare Greensboro Toyota Highlander Insurance

Insurance for Toyota HighlanderThe recommended way to find low-cost Toyota Highlander insurance is to regularly compare quotes from different companies who sell auto insurance in Greensboro. Rate comparisons can be done by following these guidelines.

  1. Learn about the coverage provided by your policy and the changes you can make to keep rates low. Many rating criteria that drive up the price like careless driving and an unacceptable credit score can be rectified by paying attention to minor details. This article gives ideas to help keep prices low and get additional discounts.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like Progressive or State Farm, while independent agencies can provide rate quotes from multiple insurance companies.
  3. Compare the price quotes to your existing policy to see if a cheaper rate is available in Greensboro. If you can save some money and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Give notification to your agent or company to cancel your current policy. Submit payment along with a signed and completed policy application to your new carrier. As soon as coverage is bound, keep the new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

One key aspect when comparing rates is to make sure you enter the same amount of coverage on every price quote and and to get quotes from as many car insurance companies as possible. This ensures the most accurate price comparison and the most accurate and complete price analysis.

We don’t have to tell you that auto insurance companies don’t want policyholders to shop around. People who get price comparisons are highly likely to move their business because there is a significant possibility of finding a policy with better rates. A study discovered that people who routinely compared rates saved about $70 a month compared to those who don’t make a habit of comparing rates.

If finding the cheapest price on insurance in Greensboro is your target objective, then having a good understanding how to quote and compare insurance premiums can help simplify the process.

How much does Toyota Highlander insurance in Greensboro, North Carolina cost?

All major insurance companies like Progressive, GEICO, Allstate and State Farm make it easy to get prices for coverage from their websites. The process is fairly simple as you just enter your personal and coverage information on the page. After you submit the form their quoting system automatically retrieves your credit score and driving record and returns a price quote based on the information you submitted. This makes it a lot easier to compare rates and it is imperative to perform this step in order to get a better rate.

To save time and use this form to compare rates, visit the companies below or click here to submit a quote request to multiple companies at once. If you have a policy now, it’s recommended you input deductibles and limits as shown on your current policy. Doing this assures you will have a price comparison for similar insurance coverage.

The companies shown below can provide quotes in Greensboro, NC. To get cheap auto insurance in NC, it’s a good idea that you click on several of them in order to get a fair rate comparison.

Rates and detailed analysis

The data table below outlines different insurance costs for Toyota Highlander models. Learning a little about how policy rates are established can help guide drivers when making decisions when shopping your coverage around.

Toyota Highlander Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $166 $274 $282 $16 $84 $822 $69
Highlander 4WD $186 $334 $282 $16 $84 $902 $75
Highlander Sport 4WD $186 $334 $282 $16 $84 $902 $75
Highlander SE 2WD $186 $334 $282 $16 $84 $902 $75
Highlander Sport 2WD $186 $334 $282 $16 $84 $902 $75
Highlander Limited 2WD $208 $394 $282 $16 $84 $984 $82
Highlander SE 4WD $208 $394 $282 $16 $84 $984 $82
Highlander Limited 4WD $208 $394 $282 $16 $84 $984 $82
Highlander Hybrid 4WD $208 $394 $282 $16 $84 $984 $82
Highlander Hybrid Limited 4WD $208 $394 $282 $16 $84 $984 $82
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Rate information does not factor in Greensboro location which can increase or decrease price quotes greatly.

Can higher deductibles save money?

One common question asked by Greensboro drivers is where should you set your physical damage deductibles. The data tables below lay out how much more you’ll pay between high and low deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

Toyota Highlander insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $214 $318 $250 $14 $74 $895 $75
Highlander 4WD $242 $386 $250 $14 $74 $991 $83
Highlander Sport 4WD $242 $386 $250 $14 $74 $991 $83
Highlander SE 2WD $242 $386 $250 $14 $74 $991 $83
Highlander Sport 2WD $242 $386 $250 $14 $74 $991 $83
Highlander Limited 2WD $270 $456 $250 $14 $74 $1,089 $91
Highlander SE 4WD $270 $456 $250 $14 $74 $1,089 $91
Highlander Limited 4WD $270 $456 $250 $14 $74 $1,089 $91
Highlander Hybrid 4WD $270 $456 $250 $14 $74 $1,089 $91
Highlander Hybrid Limited 4WD $270 $456 $250 $14 $74 $1,089 $91
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Toyota Highlander insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $118 $168 $250 $14 $74 $624 $52
Highlander 4WD $134 $204 $250 $14 $74 $676 $56
Highlander Sport 4WD $134 $204 $250 $14 $74 $676 $56
Highlander SE 2WD $134 $204 $250 $14 $74 $676 $56
Highlander Sport 2WD $134 $204 $250 $14 $74 $676 $56
Highlander Limited 2WD $150 $240 $250 $14 $74 $728 $61
Highlander SE 4WD $150 $240 $250 $14 $74 $728 $61
Highlander Limited 4WD $150 $240 $250 $14 $74 $728 $61
Highlander Hybrid 4WD $150 $240 $250 $14 $74 $728 $61
Highlander Hybrid Limited 4WD $150 $240 $250 $14 $74 $728 $61
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in zip code location which can affect coverage prices considerably.

Based on the figures above, using a $100 deductible costs an average of $28 more each month or $336 annually than requesting the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 32 months between claims, you would come out ahead if you choose a higher deductible.

Male drivers compared to female drivers

The example below illustrates the difference between Toyota Highlander insurance prices for male and female drivers. The data assumes no claims, a clean driving record, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

Difference between liability only and full coverage rates

The illustration below shows the difference between Toyota Highlander insurance costs with full coverage compared to only the North Carolina minimum liability coverage. The data assumes a clean driving record, no at-fault accidents, $500 deductibles, drivers are not married, and no additional discounts are factored in.

Are you wasting money on full coverage?

There is no definitive formula for excluding full coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Toyota Highlander settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after paying the physical damage deductible. If you are paying in excess of $700 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where dropping full coverage is not advised. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage.

What Affects Toyota Highlander Insurance Costs?

It’s important that you understand the rating factors that help calculate the rates you pay for insurance. If you understand what positively or negatively impacts your premiums, this allows you to make good choices that could result in lower premium levels. Many factors are used in the calculation when you get your auto insurance bill. A few of the factors are predictable like an MVR report, although some other factors are less apparent like your vehicle usage and annual miles driven.

More policies can equal more savings – Lots of insurers afford discounts to insureds who carry more than one policy in the form of a multi-policy discount. The amount of the discounts can be anywhere from five to ten percent in most cases. Even if you qualify for this discount already, it’s still a good idea to shop around to help ensure you have the lowest rates. Drivers may still save money by buying insurance from more than one company.

Policy lapses lead to higher prices – Allowing your insurance policy to lapse is a quick way to pay more for insurance. And not only will your rates increase, the inability to provide proof of insurance may earn you a hefty fine and possibly a revoked license. You may then be required to prove you have insurance by filing a SR-22 with the North Carolina department of motor vehicles.

Drive a safer car and pay less – Vehicles with good safety scores tend to have lower insurance rates. Highly rated vehicles reduce injuries and fewer serious injuries means your insurance company pays less and cheaper rates on your policy.

Pay more by driving carelessly – Attentive drivers tend to pay less for car insurance as compared to those with violations. Only having one citation can increase the cost of insurance twenty percent or more. Drivers who have serious tickets such as reckless driving or DUI may find they need to submit a SR-22 form with the DMV in their state in order to keep their license.

The example below illustrates how speeding tickets and at-fault collisions can drive up Toyota Highlander insurance costs for different ages of insureds. The information is based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.

Toyota Highlander insurance loss statistics – Insurers use past insurance losses to help set a rate to offset losses. Vehicles that are shown to have increased losses will have a higher cost to insure.

The table below illustrates the insurance loss data for Toyota Highlander vehicles. For each coverage category, the loss probability for all vehicles, as a total average, is a value of 100. Values that are below 100 suggest a positive loss record, while numbers above 100 indicate more frequent claims or larger claims.

Toyota Highlander Insurance Claim Statistics
Specific Toyota Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Highlander 4dr 2WD 88 82 94 94 78 75
Toyota Highlander 4dr 4WD 95 86 117 88 74 78
Toyota Highlander Hybrid 4dr 4WD 111 143

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Protect more than your Highlander

Despite the high cost of buying insurance for a Toyota Highlander in Greensboro, insuring your vehicle is a good idea for several reasons.

The benefits of buying enough insurance are definitely more than the cost, particularly if you ever have a claim. According to a recent study, the average American driver is currently overpaying as much as $865 each year so you should quote and compare rates at least once a year to make sure the price is not too high.