Cheapest Insurance Quotes for a Toyota Highlander in California

Our editors always tell us that when writing about auto insurance, the word affordable should never appear as a descriptor for auto insurance rates. Notwithstanding, cheap car insurance for a Toyota Highlander is not easy to find. Don’t let that get you down, though, because we will tell you how you can still get auto insurance that fits into your budget.

The likelihood of finding cheaper coverage for a Toyota Highlander in California depends on a complicated formula that considers factors like whether or not your vehicle has good safety ratings, your geographic location, and driving violations. California drivers pay approximately $1,120 annually for Highlander insurance, but that policy rate is a projection based on rate data for a 50-year-old married female driver that wants full comprehensive and collision coverage and $500 policy deductibles.

The issue with using an average estimated rate is the likelihood you aren’t exactly 50 years old or even a female, single instead of married, or maybe your Highlander doesn’t need full coverage. Car insurance coverage is unique to each driver, so this is why the only real way to find affordable rates for your Toyota is to compare rates from as many companies as possible. Get your free quotes now and you can get prices from some of the best companies that insure vehicles in California.

Cheapest Toyota Highlander Insurance Rates

Vehicle trim level will influence the yearly cost, so the cost to insure a Highlander 2WD model will be $192 cheaper than the cost to insure the fancier Highlander Hybrid Limited 4WD version, as shown in the table below.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price estimates do not factor in specific garaging location which can lower or raise prices considerably.

Choosing a good quality insurance company can be challenging considering how many choices drivers have in California. The information shown next may help you pick which providers you want to consider shopping prices with. The rankings below only include companies that insure vehicles nationwide, so companies without a large exposure are not factored into this list.

Top 10 Major Auto Insurance Providers in California Ranked by A.M. Best Rating

1. USAA – A++
2. State Farm – A++
3. Travelers – A++
4. GEICO – A++
5. Progressive – A+
6. Titan Insurance – A+
7. Mercury Insurance – A+
8. The Hartford – A+
9. AAA of Southern California – A+
10. Allstate – A+

Top 10 Major Auto Insurance Providers in California Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. AAA of Southern California
5. Titan Insurance
6. The General
7. AAA Insurance
8. State Farm
9. Mercury Insurance
10. Nationwide

Top Companies for Toyota Highlander Insurance in California

The information below shows how choosing a deductible can increase or decrease annual premium costs when quoting cheap insurance for a Toyota Highlander. The costs are based on a married female driver, comp and collision included, and no additional discounts are factored in.

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As shown above, a 40-year-old driver could lower their car insurance rates by $372 a year by changing from a $100 deductible to a $500 deductible, or save $564 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old example, have the ability to save $930 or more by choosing a larger deductible amount.

When choosing a higher deductible, it will be required to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Do you need full coverage?

Finding the cheapest insurance for a Toyota Highlander in California should be important to most vehicle owners, and one great way to find cheap insurance is to not buy comprehensive and collision coverage. The information below shows the comparison of insurance costs when comparing full coverage to liability only. The rates are based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

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If we average all the age groups together, comp and collision coverage costs $2,068 per year more than just buying liability only. At some point, every insured wonders if paying for full coverage is a waste of money. There is no clear-cut formula for dropping full coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s pretend your vehicle’s replacement cost is $12,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $11,000 after paying your deductible. If it’s costing you more than $1,100 annually for your policy with full coverage, then you may want to consider only buying liability coverage.

There are a few cases where only buying liability is not recommended. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not eliminate full coverage.