Insurance for Toyota HighlanderAre you tired of overpaying and want lower-priced Toyota Highlander insurance in Aurora? Sick and tired of sacrificing each month for car insurance? You have the same problem as many other Colorado drivers.

A recent car insurance study discovered that a large majority of car insurance policyholders in Colorado kept their coverage with the same car insurance company for at least the last four years, and roughly 40% of drivers have never taken the time to shop around. Most drivers in the United States could save $860 every year, but most undervalue how much savings they would realize if they switch to a new company. There are many auto insurance companies to insure vehicles with, and although it's a good thing to have a selection, too many choices makes it more difficult to find a good deal for Toyota Highlander insurance in Aurora.

You should make it a habit to compare prices once or twice a year since rates are usually higher with each renewal. Just because you found the lowest rate on Toyota Highlander insurance in Aurora a couple years back you will most likely find a better price today. You can find a lot of misleading information regarding Highlander insurance online but we're going to give you some good information on how to save money.

How to compare Aurora Toyota Highlander insurance quotes

The companies in the list below offer price comparisons in Colorado. If several companies are displayed, we suggest you click on several of them to get a more complete price comparison.

Toyota Highlander Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $208 $312 $330 $20 $98 $968 $81
Highlander 4WD $148 $244 $338 $20 $100 $850 $71
Highlander Sport 4WD $264 $448 $396 $24 $118 $1,250 $104
Highlander SE 2WD $194 $314 $338 $20 $100 $966 $81
Highlander Sport 2WD $210 $354 $474 $28 $142 $1,208 $101
Highlander Limited 2WD $162 $282 $330 $20 $98 $892 $74
Highlander SE 4WD $292 $534 $330 $20 $98 $1,274 $106
Highlander Limited 4WD $316 $434 $460 $28 $138 $1,376 $115
Highlander Hybrid 4WD $182 $332 $368 $22 $110 $1,014 $85
Highlander Hybrid Limited 4WD $368 $630 $358 $22 $108 $1,486 $124
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rate quotes do not factor in specific location information which can raise or lower auto insurance rates significantly.

Toyota Highlander liability rates compared to full coverage

The information below shows the comparison of Toyota Highlander annual premium costs with and without physical damage coverage. The premium estimates are based on no driving violations, no at-fault accidents, $100 deductibles, single female driver, and no discounts are factored in.

When to drop comp and collision

There is no definitive guideline to eliminate physical damage coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.

For example, let's say your Toyota Highlander replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after the deductible is paid. If premium cost is more than $200 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are a few cases where buying only liability insurance is not in your best interest. If you haven't paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Analysis of deductible levels

One of the more difficult decisions when buying auto insurance is how high should the deductibles for physical damage be. The premium rates below sum up the price difference when you choose different insurance deductibles. The first set of prices uses a $250 deductible for comp and collision and the second data table uses a $1,000 deductible.

Toyota Highlander insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $272 $376 $352 $20 $106 $1,151 $96
Highlander 4WD $306 $458 $352 $20 $106 $1,267 $106
Highlander Sport 4WD $306 $458 $352 $20 $106 $1,267 $106
Highlander SE 2WD $306 $458 $352 $20 $106 $1,267 $106
Highlander Sport 2WD $306 $458 $352 $20 $106 $1,267 $106
Highlander Limited 2WD $342 $538 $352 $20 $106 $1,383 $115
Highlander SE 4WD $342 $538 $352 $20 $106 $1,383 $115
Highlander Limited 4WD $342 $538 $352 $20 $106 $1,383 $115
Highlander Hybrid 4WD $342 $538 $352 $20 $106 $1,383 $115
Highlander Hybrid Limited 4WD $342 $538 $352 $20 $106 $1,383 $115
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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 $168 $236 $352 $20 $106 $882 $74
Highlander 4WD $190 $288 $352 $20 $106 $956 $80
Highlander Sport 4WD $190 $288 $352 $20 $106 $956 $80
Highlander SE 2WD $190 $288 $352 $20 $106 $956 $80
Highlander Sport 2WD $190 $288 $352 $20 $106 $956 $80
Highlander Limited 2WD $210 $340 $352 $20 $106 $1,028 $86
Highlander SE 4WD $210 $340 $352 $20 $106 $1,028 $86
Highlander Limited 4WD $210 $340 $352 $20 $106 $1,028 $86
Highlander Hybrid 4WD $210 $340 $352 $20 $106 $1,028 $86
Highlander Hybrid Limited 4WD $210 $340 $352 $20 $106 $1,028 $86
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific location information which can change premiums significantly.

Based on this data, using a $250 deductible costs approximately $28 more each month or $336 for a full year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you go more than 27 months between claim filings, you would save money if you opt for a higher deductible. The numbers below show an example of how you can come to your own conclusion.

Average monthly premium for $250 deductibles: $110
Average monthly premium for $1,000 deductibles (subtract): - $82
Monthly savings from raising deductible: $28
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 27 months

Age-based auto insurance rates by gender

The example below illustrates the comparison of Toyota Highlander insurance rates for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, marital status is single, and no additional discounts are factored in.

Auto insurance does more than just protect your car

Even though Aurora Highlander insurance rates can get expensive, insuring your vehicle is mandatory in Colorado but it also protects more than you think.

First, most states have minimum mandated liability insurance limits which means state laws require specific limits of liability protection if you want to drive legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if your Highlander has a lienholder, most banks will make it a condition of the loan that you have insurance to protect their interest in the vehicle. If coverage lapses or is canceled, the lender will be forced to insure your Toyota at an extremely high rate and force you to pay the higher price.

Third, insurance protects not only your car but also your financial assets. It will also cover medical bills for not only you but also any passengers injured in an accident. Liability coverage also pays expenses related to your legal defense if you cause an accident and are sued. If you have damage to your Toyota as the result of the weather or an accident, your auto insurance policy will cover the repair costs.

The benefits of buying enough insurance definitely exceed the price paid, especially if you ever need it. But the average American driver overpays as much as $700 annually so you should quote rates every year to make sure the price is not too high.

Informed Consumers Can Reduce Their Insurance Rates

An important part of buying insurance is that you know a few of the rating criteria that aid in calculating the level of your policy premiums. When consumers understand what determines base rates, this enables you to make decisions that will entitle you to lower rates. Many factors are considered when premium rates are determined. Some are obvious such as your driving record, but other factors are less apparent such as your marital status or how financially stable you are.

Low deductibles can be expensive - Comprehensive and collision coverage deductibles state the amount of money you are willing to pay out-of-pocket before a claim is paid by your company. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of covered claims would be collision with another vehicle, collision with a deer, and damage caused by road hazards. The more you choose to pay out-of-pocket, the lower your rates will be.

Cautious drivers pay less - Even one driving citation can boost insurance rates by as much as thirty percent. Drivers with clean records pay lower auto insurance prices compared to drivers with tickets. People who have serious tickets such as DUI or willful reckless driving may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to legally drive.

Females tend to be lower risk - Over time, data shows that females tend to be a little less risky than males. That doesn't necessarily mean that females are better at driving than males. Women and men cause fender benders at about the same rate, but the men cause more damage. Men also tend to get ticketed for serious violations such as DWI and reckless driving.

No claims equals better premiums - If you are a frequent claim filer, you should expect either policy cancellation or increased premiums. Car insurance companies in Colorado generally give discounts to insureds who do not rely on their insurance for small claims. Insurance coverage is designed for claims that pose a financial burden.

Avoid unnecessary extra policy coverages - There are a lot of additional extra coverages that can waste your money when buying auto insurance. Coverage for things like personal injury protection, accidental death, and motor club memberships may be costing you every month. These coverages may sound good when deciding what coverages you need, but now you might not need them so eliminate the coverages to reduce your premium.

Toyota Highlander claim probability - Insurers use historical loss data to help determine the rate you pay. Vehicles that the data shows to have a trend towards higher claim severity or frequency will have higher premium rates. The information below illustrates the compiled insurance loss statistics for Toyota Highlander vehicles.

For each type of coverage, the loss probability for all vehicles, regardless of make or model, is a value of 100. Percentage values below 100 suggest losses that are better than average, while percentage values above 100 show a trend for more claims or tendency to have larger claims.

Toyota Highlander Insurance Claim Statistics

Make and 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

Aurora insurance discounts for a Toyota Highlander

Car insurance can cost a lot, but you might already qualify for some discounts that you may not even know about. A few discounts will be applied when you get a quote, but once in a while a discount must be asked about before you get the savings. If you do not double check each discount you qualify for, you could be paying more than you need to.Save money with discounts

Keep in mind that some of the credits will not apply to the entire policy premium. Most cut specific coverage prices like liability, collision or medical payments. So when it seems like adding up those discounts means a free policy, you won't be that lucky.

To find insurance companies that offer many of these discounts in Aurora, click here to view.

Insurance can be complex

When it comes to your policy for your personal vehicles, there really isn't a single plan that fits everyone. Your needs are not the same as everyone else's.Higher deductibles save money

These are some specific questions may help you determine whether or not you would benefit from professional advice.

If you don't know the answers to these questions, you may need to chat with an insurance agent. If you don't have a local agent, simply complete this short form. It's fast, free and can help protect your family.

Auto insurance is available from agents near you

Many drivers just prefer to talk to an insurance agent and that is just fine! Most agents can help you build your policy and help in the event of a claim. An additional benefit of price shopping on the web is that drivers can save money and get cheap rate quotes and still choose a local agent. And supporting small agencies is important especially in Aurora.

Aurora insurance agentsAfter completing this quick form, the coverage information is immediately sent to local insurance agents who will return price quotes and help you find cheaper coverage. It's much easier because you don't need to contact an agency because quoted prices will be sent directly to you. If you have a need to get a comparison quote for a specific company, you can always find their quoting web page and submit a quote form there.

Finding a good insurer needs to be determined by more than just the premium amount. These are some valid questions you should ask.

Quote often and quote early

More affordable car insurance in Aurora can be found online and from local insurance agents, and you should compare price quotes from both to get a complete price analysis. Some companies may not have online price quotes and most of the time these smaller providers work with independent insurance agencies.

As you shop your coverage around, make sure you don't buy less coverage just to save a little money. There are many occasions where someone dropped liability limits or collision coverage only to discover later that the few dollars in savings costed them thousands. The goal is to get the best coverage possible at the best possible price, not the least amount of coverage.

We just covered some good ideas how to lower your Toyota Highlander insurance premium rates in Aurora. The key concept to understand is the more rate comparisons you have, the better your comparison will be. You may even discover the lowest premium rates come from a company that doesn't do a lot of advertising.

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