Want to learn how to save money and find more affordable Toyota Highlander insurance in Cincinnati? There isn’t anyone who looks forward to paying premiums for insurance, especially knowing they are paying too much.
A recent survey discovered that a large majority of insurance policyholders kept their coverage with the same insurance company for a minimum of four years, and virtually 40% of consumers have never compared rate quotes at all. Many drivers in Ohio could pocket as much as 55% a year just by comparing rates, but they don’t want to spend time to shop around. Online insurance companies like GEICO, Progressive and Allstate continually bombard you with ads and consumers find it hard to not get sucked in by the cute commercials and take the time to shop coverage around.
If you are insured now or just want a better rate, you can use these tips to get lower rates without reducing coverage. Buying the cheapest auto insurance in Cincinnati can be much easier if you know how to start. Smart buyers just have to use the most efficient way to compare rate quotes from multiple carriers.
Finding a lower price on Toyota Highlander insurance can be surprisingly simple. You just have to take a couple of minutes to compare rate quotes from online providers.
Getting free rates online is quite simple, and it takes the place of having to go to all the different Cincinnati insurance agencies. The internet eliminates the middleman unless you have a need for the trained advice that only an agent can give. It is possible with some companies compare the best prices online but still have the advice of a local agent.
The companies shown below are our best choices to provide quotes in Ohio. If you want to find cheap auto insurance in Cincinnati, we recommend you visit as many as you can to get the best price comparison.
Statistics and details
The rate information displayed next highlights different coverage prices for Toyota Highlander models. Learning more about how premiums are figured can be useful when making decisions when shopping your coverage around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$158||$274||$274||$16||$82||$804||$67|
|Highlander SE 2WD||$158||$274||$274||$16||$82||$804||$67|
|Highlander Sport 2WD||$158||$274||$274||$16||$82||$804||$67|
|Highlander Limited 2WD||$176||$322||$274||$16||$82||$870||$73|
|Highlander SE 4WD||$176||$322||$274||$16||$82||$870||$73|
|Highlander Limited 4WD||$176||$322||$274||$16||$82||$870||$73|
|Highlander Hybrid 4WD||$176||$322||$274||$16||$82||$870||$73|
|Highlander Hybrid Limited 4WD||$176||$322||$274||$16||$82||$870||$73|
|Get Your Own Custom Quote Go|
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in the specific area where the vehicle is garaged which can lower or raise premiums significantly.
Full coverage rates compared to liability-only
The information below illustrates the comparison of Toyota Highlander insurance costs when comparing full coverage to state minimum liability only. The premiums are based on no violations or claims, $1,000 deductibles, single status, and no discounts are taken into consideration.
When to eliminate full coverage
There isn’t a steadfast formula for phasing out physical damage insurance, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s say your Toyota Highlander settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after the deductible is paid. If premium cost is more than $400 a year for physical damage coverage, then you may need to consider dropping full coverage.
There are some conditions where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
Don’t overlook these seven Toyota Highlander insurance discounts
The price of auto insurance can be rather high, but there may be some discounts that can help lower your rates. Some discounts apply automatically when you get a quote, but lesser-known reductions have to be inquired about before being credited.
- Multi-Vehicle Discounts – Buying a policy with primary and secondary vehicles with the same insurance company can get a discount for every vehicle.
- Senior Citizen Discount – Older drivers may receive better insurance rates.
- Low Miles Discount – Driving less may allow you to get better prices on cars that stay parked.
- Discounts for Federal Employees – Employees or retirees of the government could cut as much as 10% off with select insurance companies.
- Military Discounts – Having an actively deployed family member could qualify you for better insurance rates.
- Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to buckle their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
- Bundle and Save – If you have multiple policies with the same insurance company they may give you a discount of up to 20% and get you the cheapest Toyota Highlander insurance in Cincinnati.
Discounts lower rates, but most discount credits are not given to the entire cost. Most only reduce individual premiums such as liability and collision coverage. So when it seems like all those discounts means the company will pay you, it just doesn’t work that way.
The example below illustrates the difference between Toyota Highlander auto insurance costs with and without discounts applied to the policy premium. The prices are based on a female driver, a clean driving record, no claims, Ohio state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, safe-driver, multi-policy, claim-free, and marriage discounts applied.
The best insurance companies and some of the discounts are included below.
- Progressive offers premium reductions for continuous coverage, online signing, good student, homeowner, multi-policy, multi-vehicle, and online quote discount.
- SAFECO discounts include homeowner, accident prevention training, bundle discounts, teen safe driver, multi-car, anti-lock brakes, and drive less.
- American Family has discounts for early bird, bundled insurance, good student, Steer into Savings, and mySafetyValet.
- MetLife may offer discounts for good driver, multi-policy, claim-free, defensive driver, accident-free, good student
- GEICO has savings for membership and employees, good student, seat belt use, anti-lock brakes, five-year accident-free, anti-theft, and multi-policy.
- The Hartford policyholders can earn discounts including bundle, good student, driver training, air bag, vehicle fuel type, anti-theft, and defensive driver.
Before buying, ask all the companies which discounts you qualify for. Savings might not be offered in your area. To find insurers that can offer you the previously mentioned discounts in Cincinnati, click here to view.
Three reasons to insure your vehicle
Even though Cincinnati Highlander insurance rates can get expensive, car insurance serves a purpose in several ways.
- Almost all states have minimum mandated liability insurance limits which means the state requires a minimum amount of liability insurance coverage if you drive a vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you took out a loan on your Toyota Highlander, most banks will force you to buy insurance to guarantee payment of the loan. If you default on your policy, the bank or lender will purchase a policy for your Toyota at a much higher premium rate and require you to fork over for the expensive policy.
- Car insurance preserves not only your Toyota Highlander but also your financial assets. It will also provide coverage for all forms of medical expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If you have damage to your Toyota as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance are without a doubt worth the cost, especially with large liability claims. As of last year, the average driver in Ohio is overpaying more than $850 per year so we recommend shopping around at every renewal to make sure the price is not too high.
Insurance can be complex
When it comes to the right insurance coverage, there is no best way to insure your cars. You are unique.
For example, these questions might point out if you may require specific advice.
- Does rental coverage apply when I am renting a car?
- Am I getting all the discounts available?
- How can I force my company to pay a claim?
- What is the ISO rating for a Toyota Highlander?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Does my liability insurance cover pulling a trailer or camper?
- How high should my medical payments coverage be?
- Am I covered if I have no license?
- Is my state a no-fault state?
- Do I really need UM/UIM coverage?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.
Auto insurance is available from agents near you
Many people just prefer to sit down with an agent and that is just fine! Agents can help determine the best coverages and help file insurance claims. One of the best bonuses of comparing rates online is that drivers can save money and get cheaper premium rates and still have an agent to talk to. And supporting local agencies is still important in Cincinnati.
Upon completion of this short form, your insurance data is instantly submitted to local insurance agents that provide free Cincinnati auto insurance quotes for your auto insurance coverage. It’s much easier because you don’t need to do any legwork since rate quotes are delivered directly to you. If you need to get a comparison quote from a specific company, feel free to search and find their rate quote page and complete a quote there.
Listed below are Cincinnati insurers willing to provide rate quotes for Toyota Highlander insurance in Cincinnati.
Choosing an provider should depend on more than just a cheap price. Any good agent in Cincinnati should know the answers to these questions.
- If you raise deductibles, how much can you save?
- Are they in the agency full-time?
- How many years have they been established?
- Where would your vehicle be repaired?
- Do they review policy coverages at every renewal?
- Are you getting all the discounts the company offers?
Coverages available on your policy
Having a good grasp of a car insurance policy aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy.
Coverage for medical payments – Med pay and PIP coverage provide coverage for bills such as hospital visits, nursing services, doctor visits, X-ray expenses and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible
Liability car insurance – This protects you from damages or injuries you inflict on people or other property. This coverage protects you against other people’s claims. It does not cover your own vehicle damage or injuries.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against things such as court costs, medical services, repair costs for stationary objects, repair bills for other people’s vehicles and medical expenses. How much coverage you buy is up to you, but consider buying higher limits if possible. Ohio state minimum liability requirements are 25/50/25 but you should think about purchasing higher limits.
The next chart shows why buying the state minimum limits may not be high enough to cover claims.
Collision coverage – This coverage covers damage to your Highlander from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things like sideswiping another vehicle, sustaining damage from a pot hole, hitting a parking meter, rolling your car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible on your Highlander in order to get cheaper collision rates.
Comprehensive coverages – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as theft, hail damage, falling objects and a tree branch falling on your vehicle. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Toyota Highlander.
Since a lot of drivers only purchase the least amount of liability that is required (25/50/25), their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Most of the time these limits are similar to your liability insurance amounts.