Buying competitive insurance for a Toyota Highlander doesn’t take a lot of effort, but it is dependent upon a large number of factors such as how far you commute, the size of your vehicle, and your driving record. Louisiana drivers will pay on average $1,385 each year for Highlander insurance, but that cost is an approximation using a 50-year-old single female driver with full comprehensive and collision coverage and $500 deductibles.
Most likely you are not 50 years old and maybe not even female, married instead of single, and maybe you want different deductibles. Everone’s needs are different, and this illustrates why the best way to find affordable rates for your Toyota is to just take the time to compare rates yourself.
Find Cheaper Toyota Highlander Insurance
Your vehicle’s trim level tends to have a direct effect on the annual cost of coverage, so the price you will pay to insure a Highlander 2WD will be $238 less expensive the insurance cost for the fancier Highlander Hybrid Limited 4WD version, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $250 | $392 | $524 | $32 | $158 | $1,356 | $113 |
| Highlander 4WD | $284 | $478 | $524 | $32 | $158 | $1,476 | $123 |
| Highlander Sport 4WD | $284 | $478 | $524 | $32 | $158 | $1,476 | $123 |
| Highlander SE 2WD | $284 | $478 | $524 | $32 | $158 | $1,476 | $123 |
| Highlander Sport 2WD | $284 | $478 | $524 | $32 | $158 | $1,476 | $123 |
| Highlander Limited 2WD | $316 | $564 | $524 | $32 | $158 | $1,594 | $133 |
| Highlander SE 4WD | $316 | $564 | $524 | $32 | $158 | $1,594 | $133 |
| Highlander Limited 4WD | $316 | $564 | $524 | $32 | $158 | $1,594 | $133 |
| Highlander Hybrid 4WD | $316 | $564 | $524 | $32 | $158 | $1,594 | $133 |
| Highlander Hybrid Limited 4WD | $316 | $564 | $524 | $32 | $158 | $1,594 | $133 |
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rates do not factor in specific garaging location which can modify premium rates substantially.
Trying to find budget car insurance is hard enough, and deciding which insurers offer the most affordable insurance rates for a Toyota Highlander may require even more rate comparisons. Each auto insurer has a different formula for determining rates, so let’s begin by taking a look at the insurance companies with the most affordable rates in Louisiana.
It’s important that you understand New Orleans insurance rates are impacted by many factors that may substantially change the policy premium. Improving your credit score, increasing deductibles, or getting caught speeding can trigger rate changes that can make some companies more expensive than others.
Best Cheap Insurance Rates for Your Highlander
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,626 |
| 2 | MetLife | $1,910 |
| 3 | Progressive | $1,946 |
| 4 | GEICO | $1,965 |
| 5 | Safeway | $2,132 |
| 6 | Southern Farm Bureau | $2,204 |
| 7 | California Casualty | $2,338 |
| 8 | State Farm | $2,431 |
| 9 | Safe Auto | $2,549 |
| 10 | Allstate | $2,975 |
| 11 | Encompass | $3,170 |
| 12 | Liberty Mutual | $3,645 |
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USAA has some of the cheapest car insurance rates in New Orleans at around $1,626 annually. This is $788 less than the average premium paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway are also some of the cheaper New Orleans, LA car insurance companies.
In the above rates, if you are a policyholder with Progressive and switched to USAA, you may realize annual savings of in the vicinity of $320. Policyholders with GEICO could save as much as $339 a year, and Safeway customers might reduce prices by as much as $506 a year.
To find out how your current rates compare, click here to begin a quote or quote rates from the companies below.
Bear in mind that those premiums are averages across all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for a Toyota Highlander. So the company that has the cheapest rates for you may not even be in the top 12 companies shown above. That illustrates why you need to quote rates from many companies using your own driver information and specific vehicle type.
Drive safe and save
The recommended way to get cheap insurance rates in New Orleans for a Highlander is to drive attentively and avoid at-fault accidents and violations. The example below shows how traffic citations and at-fault collisions impact insurance prices for different categories of driver ages. The costs are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of auto insurance in New Orleans per year with no accidents or violations is $2,228. Receive two speeding tickets and the average cost rises to $2,971, an increase of $744 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of insurance for a Toyota Highlander jumps again to an average of $6,028. That’s an increase of $3,800, or $317 per month, just for not driving attentively!
The diagram below highlights how deductible selection can raise or lower insurance costs when trying to find cheap insurance for a Toyota Highlander. The costs are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.
The data above shows that a 50-year-old driver could lower rates by $474 a year by switching from a $100 deductible up to a $500 deductible, or save $716 by choosing a $1,000 deductible. Even younger insureds, like the age 20 example, can cut $1,542 annually by choosing a higher deductible.
When using a larger deductible, it will be required to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
The importance of shopping around
New Orleans insurance rates are impacted by many factors which can significantly increase or decrease the cost of having a policy. Turning one year older, buying another vehicle, or getting a driving violation may cause policy rate changes that can cause some rates to be much cheaper than others.
In addition to those changes, insurance companies file new Louisiana car insurance rates at least once a year to adjust for gains or losses. Significantly higher losses may cause more expensive prices, while a better loss history may result in cheaper Highlander insurance rates.
To illustrate this point, the bar chart below shows a variety of companies that have the cheapest car insurance in New Orleans, LA for a 30-year-old female driver with no prior claims, no tickets, and excellent credit. When quoting prices based on her current risk factors, USAA might offer the best car insurance rates in New Orleans at $2,754 annually. This is $340 more than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are also on the list of the cheapest New Orleans, LA auto insurance companies.
The chart below compares rates after we give the driver from the above example a chargeable claim, poor credit, and a speeding ticket. Due to the fact that every insurance company uses a different method for setting prices, comparing insurance quotes may now result in a different list of the cheapest companies as shown below.
California Casualty now has the best price on car insurance in New Orleans, LA with State Farm, USAA, Safe Auto, and MetLife completing the list. This shows why it is so important to compare lots of rates when trying to find the best auto insurance quotes for a Toyota Highlander.
Auto insurance prices can be determined by many different factors and change substantially, so the cheapest rate two years ago may now not even be in the top five.
Tips for finding more affordable car insurance for a Toyota Highlander
The list below details some thrifty suggestions that can help drivers quote more affordable auto insurance.
- Increase your policy deductibles
- Do not get tickets or violations
- Being accident-free can lower rates significantly
- Better credit rating means better rates
- Safer vehicles cost less to insure
- Keep rates low by shopping around frequently
The last suggestion is especially valuable, as we emphasized in the prior information. Prices charged by companies vary greatly, so don’t be afraid to switch companies if a lower-cost policy is available. Being loyal to a particular company is commendable, but it’s not a great idea if that devotion results in you overpaying big bucks every year. Now is a great time to compare rates and find cheaper car insurance for a Toyota Highlander in New Orleans.
The New Orleans auto insurance agencies shown below can provide answers to your questions and help you determine which car insurance company is the best fit, since some drivers have questions and prefer to get some help when trying to find the best insurance rates for a Highlander. It’s not always simple to find the cheapest car insurance policy, so using a licensed agent can provide comfort knowing your coverage gives you adequate protection. To find a New Orleans insurance agent in your neighborhood, click the button following the list.
- Wayne Leone – State Farm Insurance Agent
1701 S Carrollton Ave – New Orleans, LA 70118 – (504) 865-1101 - Allstate Insurance: Daniel Occhi
4006 Canal St – New Orleans, LA 70119 – (504) 517-9080 - KTS Insurance Agency
3239 Bienville St – New Orleans, LA 70119 – (504) 371-5519