Lower Your 2002 Toyota Highlander Car Insurance Rates

Trying to find cheaper insurance for a Toyota Highlander can be a painful process, but you can learn a few tricks to make it easier.

There are more efficient ways to find insurance online and you need to know the absolute fastest way to quote coverages for a new or used Toyota and get the best price possible from both online companies and local agents.

Consumers should take time to quote other rates periodically because insurance rates are constantly changing. Even if you think you had the best premium rates on Highlander coverage six months ago you will most likely find a better price today. There is a lot of bad advice regarding insurance on the web, but by reading this article, you’re going to learn some great ways to buy insurance cheaper.

If you have a current insurance policy or need a new policy, you will benefit by learning to reduce the price you pay and still get good coverage. Shopping for affordable protection is not that difficult. Vehicle owners just need to understand the best way to shop for insurance online.

Auto insurance quotes and discounts

Properly insuring your vehicles can get expensive, but you may be missing some discounts that could drop your premiums quite a bit. Some discounts apply automatically at the time you complete a quote, but a few must be specially asked for before they will apply.

  • Anti-theft Discount – Cars and trucks equipped with anti-theft or alarm systems are less likely to be stolen and earn discounts up to 10% off your insurance coverage quote.
  • More Vehicles More Savings – Buying coverage for all your vehicles on one policy can get a discount for every vehicle.
  • Telematics Data – People who choose to allow companies to monitor vehicle usage by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks if they show good driving skills.
  • Student in College – Kids who are enrolled in higher education away from home and don’t have a car may be insured at a cheaper rate.
  • Good Grades Discount – Maintaining excellent grades can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up until you turn 25.

Keep in mind that most credits do not apply the the whole policy. Most only apply to the cost of specific coverages such as comp or med pay. Even though the math looks like adding up those discounts means a free policy, auto insurance companies aren’t that generous.

The best auto insurance companies and their possible discounts are shown below.

  • Progressive may have discounts that include homeowner, continuous coverage, multi-policy, good student, and online signing.
  • The Hartford offers discounts for bundle, defensive driver, air bag, vehicle fuel type, and good student.
  • Mercury Insurance offers discounts including professional/association, good student, annual mileage, multi-policy, location of vehicle, good driver, and age of vehicle.
  • GEICO offers premium reductions for daytime running lights, defensive driver, membership and employees, anti-theft, federal employee, multi-policy, and five-year accident-free.
  • AAA includes discounts for education and occupation, AAA membership discount, good driver, multi-car, and anti-theft.
  • State Farm has savings for safe vehicle, Steer Clear safe driver discount, multiple autos, student away at school, driver’s education, and anti-theft.

Before you buy a policy, ask each company or agent what discounts are available to you. Some of the discounts discussed earlier may not be available in every state. To choose companies with the best auto insurance discounts, follow this link.

Buy insurance online

The majority of larger companies such as Progressive, GEICO, Allstate and State Farm provide prices on their websites. Getting prices online is fairly straightforward as all you need to do is type in your coverage preferences as detailed in the form. Once you submit the form, the quote system sends out for reports for credit and driving violations and quotes a price determined by many factors.

Online price estimates simplifies rate comparisons, but the time required to go to each company’s website and repetitively type in the same information can get tiresome after awhile. But it’s absolutely necessary to compare as many rates as possible in order to get better prices.

Rate comparisons made easy

The smarter way to get multiple rate quotes utilizes a single form that gets prices from many companies. The form is fast, requires much less work on your part, and makes quoting online much more enjoyable. After sending your information, it is quoted and you are able to buy any one of the price quotes you receive.

If one or more price quotes are lower than your current rates, you can click and sign and purchase coverage. This process only takes a few minutes and may save quite a bit of money.

To fill out one form to compare multiple rates now, click here to open in a new tab and submit the form. If you have your current policy handy, we recommend you duplicate identical to your current policy. This ensures you will have comparison quotes using the exact same coverages.

What affects Toyota Highlander insurance costs?

One of the most helpful ways to save on insurance coverage is to to have a grasp of the different types of things that come into play when calculating insurance coverage rates. If you have a feel for what influences your rates, this empowers consumers to make smart changes that may reward you with better insurance coverage rates.

The factors shown below are some of the factors used by companies to determine premiums.

  • Add-on coverages that aren’t used – There are a lot of add-on coverages that may not really be needed if you don’t pay attention. Coverage for things like replacement cost coverage, death and dismemberment, and additional equipment coverage could be just wasting money. The coverages may be enticing when talking to your agent, but if they’re wasting money eliminate them to save money.
  • More stress means more cost – Occupations such as real estate brokers, social workers and accountants are shown to have higher premium rates because of intense work requirements and incredibly demanding work hours. Conversely, occupations such as farmers, historians and retirees pay lower than average rates on Highlander coverage.
  • Raise your physical damage deductibles for better prices – The deductibles represent how much money you are required to pay before a claim is paid by your company. Physical damage insurance, also called comprehensive and collision insurance, protects your car from damage. Some examples of covered claims would be a windshield broken by a bird, animal collisions, and having a roll-over accident. The higher the amount you are required to pay out-of-pocket, the less your insurance coverage will be on Highlander coverage.
  • Credit rating impacts premium rates – Having a bad credit score can be a huge factor in determining what you pay for insurance coverage. Therefore, if your credit score could use some work, you could pay less to insure your 2002 Toyota Highlander if you clean up your credit. Insureds that have very good credit scores tend to file fewer claims and have better driving records than drivers with bad credit.
  • Lower premiums for being claim-free – If you are a frequent claim filer, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance companies give lower rates to policyholders that do not abuse their auto insurance. Your car insurance is designed for major claims that would cause financial hardship.
  • Optional features that lower insurance coverage rates – Buying a car with a theft deterrent system can save you a little every year. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping vehicle theft.
  • Decrease rates by maintaining coverage – Driving your car without having proper coverage is a big no-no and your next policy will cost more because you let your coverage cancel without a new policy in place. Not only will rates go up, getting caught without coverage will get you fines or a revoked license.
  • Rural areas have lower costs – Having an address in smaller towns and rural areas of the country has it’s advantages when insuring your vehicles. Less people means reduced accidents in addition to lower liability claims People who live in big cities have much more traffic and more severe claims. Longer commute distances means higher likelihood of an accident.

Situations that may require an agent’s advice

When buying adequate coverage, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might help in determining if your situation might need professional guidance.

  • Is my camper covered by my car insurance policy?
  • Can I make deliveries for my home business?
  • Is my Toyota Highlander covered if I use it for business?
  • I don’t drive much so do I pay less?
  • Is my 2002 Toyota Highlander covered for smoke damage?
  • How much liability insurance is required?
  • Do I need replacement cost coverage?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Is my custom paint covered by insurance?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form. It’s fast, free and you can get the answers you need.

Don’t believe everything you hear

Consumers can’t get away from ads that claim the lowest rates by companies like Progressive, GEICO, Allstate and State Farm. All the ads state the claim about saving some big amount if you switch to them.

How can each company charge less that you’re paying now? Just pay attention to how they say it.

Different companies have specific guidelines for the type of customer that will not have excessive claims. A good example of a profitable risk profile might be a female over age 40, has never had a policy lapse, and insures a new vehicle. Any person who matches that profile may get the lowest premium rates and most likely will save a lot of money.

Consumers who are not a match for those standards will get higher prices and ends up with the driver buying from a lower-cost company. If you pay attention, the ads say “people that switch” but not “everyone who gets a quote” save money. That’s why insurance companies can make the claims of big savings.

This really drives home the point why drivers must get price quotes at each policy renewal. Because you cannot predict the company that will have the lowest rates for your situation.

Coverage specifics

Understanding the coverages of your policy can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, 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. Frequently these limits are set the same as your liablity limits.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as pain medications, nursing services, surgery and X-ray expenses. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from a tornado or hurricane, theft, damage from getting keyed and falling objects. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability coverage – Liability coverage provides protection from damages or injuries you inflict on a person or their property. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things like emergency aid, pain and suffering and loss of income. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Collision – Collision insurance will pay to fix damage to your Highlander caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as colliding with a tree, crashing into a building, hitting a parking meter and crashing into a ditch. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Stretch your dollar

When searching for low cost insurance coverage quotes, never reduce coverage to reduce premium. There are too many instances where an accident victim reduced liability coverage limits and found out when filing a claim that the small savings ended up costing them much more. The aim is to buy a smart amount of coverage for the lowest price but still have enough coverage for asset protection.

Some auto insurance companies do not offer price quotes online and most of the time these smaller companies only sell coverage through independent insurance agencies. Discount 2002 Toyota Highlander insurance is possible both online as well as from insurance agents, and you need to comparison shop both so you have a total pricing picture.

People leave their current company for a number of reasons such as policy cancellation, denial of a claim, an unsatisfactory settlement offer or policy non-renewal. No matter why you want to switch, finding a great new company is actually quite simple.

More information is located at these links:

Comments About 2002 Toyota Highlander Insurance

  1. Natacha Foley

    Anyone understand their policy?

  2. Trula Avila

    I was with Hanover last year but switched to GEICO. I’m in Montgomery, AL.

  3. Merle Waller

    Anyone like their agent?

  4. Jack Atkins

    I’m in the east part of Fairbanks, AK. I got free quotes with Amica, Encompass, and Sentry for my Highlander and saved $64 a year. Anyone else drop full coverage?

  5. Vi Gross

    In Colorado Springs, Colorado, GEICO auto insurance rates for my 2002 Toyota Highlander were good. Was with Amica. When should I drop full coverage?

  6. Lucrecia Gibson

    It all costs too much. From a town just southwest of Jackson, MS. Got prices from Allstate, AAA, and Farmers for my Highlander and saved just over $110 a year. I get a discount for insuring multiple vehicles.

  7. Jerald Vega

    I live just to the west of Honolulu, HI. Went online for free insurance quotes for a 2002 Toyota Highlander. Ended up at about $100 savings annually. Went with 21st Century. Insured with Sentry before. Thankfully I’m not a high risk driver. Online quotes are the way to go. It’s too old for full coverage.

  8. Jayme Lester

    Hope my rates come down. I’m from Salem, OR. I got free prices from AIG Insurance, Nationwide, and a few others for my Toyota and saved about $110 a year. Full coverage costs too much.

  9. Nikia Benjamin

    Located in Eugene, Oregon. Got car insurance quotes with Liberty Mutual, Amica, Mercury, and a couple others for my 2002 Toyota Highlander and saved just over $90 a year. I get lower rates because of my clean driving record. I quoted rates online then called them.