Finding the cheapest auto insurance for a Toyota Highlander in Tennessee doesn’t take a ton of time, but it hinges on many rating criteria such as the mileage of your daily commute, whether or not you garage your vehicle, and any driving offenses on your record. Drivers will pay on average $757 each year to insure their Highlander, but that figure is an approximation based on a 50-year-old single female driver with both comprehensive and collision coverage and $1,000 deductibles.
This brings up the issue that more than likely you are not 50 years old and maybe not even female, married instead of single, and maybe your Highlander just needs liability-only coverage. Each driver’s needs are different, and that demonstrates why the way we recommend to find the cheapest insurance price for your Toyota is to just take the time to compare rates yourself.
Your vehicle’s trim level can impact the coverage cost, so the price to insure a Highlander 2WD model will be $116 lower than the insurance cost for the high end Highlander Hybrid Limited 4WD trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$134||$232||$326||$20||$98||$810||$68|
|Highlander SE 2WD||$134||$232||$326||$20||$98||$810||$68|
|Highlander Sport 2WD||$134||$232||$326||$20||$98||$810||$68|
|Highlander Limited 2WD||$150||$274||$326||$20||$98||$868||$72|
|Highlander SE 4WD||$150||$274||$326||$20||$98||$868||$72|
|Highlander Limited 4WD||$150||$274||$326||$20||$98||$868||$72|
|Highlander Hybrid 4WD||$150||$274||$326||$20||$98||$868||$72|
|Highlander Hybrid Limited 4WD||$150||$274||$326||$20||$98||$868||$72|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium amounts do not factor in vehicle garaging location which can impact auto insurance rates considerably.
Comparing rates for cheap car insurance is easier said than done, and finding out which company quotes the best insurance rates for a Toyota Highlander requires more quotes for comparison. Every auto insurer has a different process to set premium rates, so let’s begin by taking a look at the most budget-friendly insurance companies in Nashville, TN.
Keep in mind that Nashville, TN insurance rates are determined by lots of factors that can increase the price of your policy. Simply turning a year older, getting divorced, or having a fender bender may prompt premium changes that can make some companies more affordable than others.
Best Car Insurance Prices for Your Highlander
Utica National may offer some of the most affordable car insurance rates in Nashville at around $737 a year. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers also qualify as some of the best Nashville, TN car insurance companies.
As shown in the table above, if you are currently insured with Penn National and switched to Auto-Owners, you may realize an annual premium reduction of roughly $72. Customers with Tennessee Farmers may save as much as $96 a year, and Erie policyholders might reduce prices by as much as $130 a year.
These estimates are averaged for all ages of drivers and types of vehicles and and are not calculated with an exact zip code location for a Toyota Highlander. So the company that has the cheapest price for you may not even be in the top 30 companies shown above. That affirms the importance of why you need to compare rates from as many companies as possible using your own individual information.
Do you need full coverage?
Finding the cheapest insurance is important to most vehicle owners, and one easy way to find cheap insurance for a Toyota Highlander is to not buy comprehensive and collision coverage. The diagram below shows the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The prices are based on no claims or driving violations, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
As an overall average, physical damage insurance costs an additional $1,559 per year more than just buying liability only. At some point, about every driver wonders if it’s worth it to buy full coverage. There is no set rule to stop buying comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
There are some circumstances where dropping full coverage is not in your best interest. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.
How accidents and violations affect rates in Nashville
The recommended way to get affordable insurance prices in Nashville for a Highlander is to be a safe driver and have a clean driving record. The information below demonstrates how citations and at-fault accidents raise auto insurance rates for different categories of driver ages. The premiums are based on a single male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
The data above shows the average cost of auto insurance in Nashville per year with no accidents or violations is $1,460. Get written up for two speeding tickets and the average cost hikes up to $1,921, an increase of $461 each year. Now include 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 $3,823. That’s an increase of $2,363, or $197 per month, just for not driving responsibly!
Low rates today, overpriced tomorrow
Nashville insurance rates are impacted by many things which can substantially change the cost of having a policy. Simply having another birthday, buying a different vehicle, or having a fender bender may cause policy rate changes resulting in some rates now being cheaper than competitors.
Not only may your situation change, but car insurance companies modify pricing without warning to reflect underwriting profits or losses. Higher than normal claim frequency or severity can cause increased policy costs, while profitable underwriting can produce cheaper Highlander insurance rates.
For example, the data below compares the cheapest car insurance in Nashville, TN for a 30-year-old male driver with no accidents or violations, and great credit. When quoting prices based on his current rating profile, Utica National quotes the best car insurance rates in Nashville at $850 per year. This is $478 less than the average premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA are the remainder of the top five cheapest Nashville, TN auto insurance companies.
Now we will give the driver from the first set of rates a couple of claims, less-than-perfect credit, and a speeding citation. Due to the fact that every insurance company has a proprietary method for setting rates, comparing quotes could now result in a substantially altered list of companies as shown below.
Erie now has the cheapest car insurance in Nashville with Nationwide, Allied, Westfield, and GEICO now being in the top five. This example proves why Tennessee drivers need to compare rates to find the most affordable insurance rates for a Toyota Highlander.
Insurance prices are impacted by many things and can change without notice, so the best company when you last compared rates may now be wasting a lot of money.
How to find more affordable insurance for a Toyota Highlander
Below you’ll find some thrifty solutions that can help Nashville drivers find cheap auto insurance.
- Avoid at-fault accidents and claims
- Buy your auto and home insurance from the same company and save
- Claim-free policyholders usually earn a discount
- Speeding tickets and other violations increase rates
- Drive safe vehicles
- Comparison shop at least every other year
The final tip is highly significant, as was emphasized in the prior information. Coverage rates in Nashville vary greatly, so drivers shouldn’t hesitate to buy from a new company if a lower price can be found. Sticking with a specific company is fine, but it’s not a great idea if that loyalty results in overpaying money that could be spent on other things. It only take a few minutes to compare prices to find cheaper auto insurance for a Toyota Highlander.