Buying cheap coverage for a Toyota Highlander in California doesn’t take a lot of effort, but it hinges on a complex formula that considers things such as whether you use your Highlander for business use, the size of your vehicle, and your choice of deductibles. Drivers in California pay around $1,112 per year for Highlander insurance, but that cost is a projection based upon a 40-year-old married female driver with full coverage and $1,000 deductibles.
The problem with using this number is the good chance you aren’t exactly 40 years old or even a female, maybe you are single instead of married, or maybe you’re a renter instead of a homeowner. Just a minor difference in rating variables can make a large difference in the cost of a policy.
Everyone has unique insurance needs, and this illustrates why the only real way to find the cheapest insurance price for your Toyota is to just take the time to compare rates yourself. Quotes are free and easy and you can get prices from the best auto insurance companies that offer coverage in California.
Your vehicle’s trim level tends to impact the coverage cost, so the price to insure a Highlander 2WD model will be $172 cheaper than the price to insure the higher-priced Highlander Hybrid Limited 4WD model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$204||$354||$464||$28||$138||$1,188||$99|
|Highlander SE 2WD||$204||$354||$464||$28||$138||$1,188||$99|
|Highlander Sport 2WD||$204||$354||$464||$28||$138||$1,188||$99|
|Highlander Limited 2WD||$228||$418||$464||$28||$138||$1,276||$106|
|Highlander SE 4WD||$228||$418||$464||$28||$138||$1,276||$106|
|Highlander Limited 4WD||$228||$418||$464||$28||$138||$1,276||$106|
|Highlander Hybrid 4WD||$228||$418||$464||$28||$138||$1,276||$106|
|Highlander Hybrid Limited 4WD||$228||$418||$464||$28||$138||$1,276||$106|
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate information does not factor in garaging location in Oakland which can lower or raise auto insurance rates significantly.
Finding decent, low-cost auto insurance is not always easy, and finding out which companies quote the most affordable insurance rates for a Toyota Highlander may require more quotes for comparison. Each company has a proprietary formula for determining rates, so we’ll take a look at the most competitive insurance companies in California.
Keep in mind that Oakland, CA insurance rates are impacted by many factors that may substantially change the price you pay for coverage. Things like having a birthday, buying a different vehicle, or having an at-fault accident can cause premium changes that can now make some companies cheaper than competitors.
Find the Cheapest Car Insurance for Your Highlander
|Rank||Company||Cost Per Year|
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USAA offers some of the lowest car insurance rates in Oakland at around $1,109 annually. This is $542 less than the average policy premium paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National also make the cut as some of the cheaper Oakland, CA insurance companies.
As shown above, if you are insured with CSAA and switched to USAA, you might see savings of roughly $77. Insureds with Nationwide could save as much as $104 a year, and Century National policyholders might reduce prices by as much as $105 a year.
Be aware that those rates are averaged for all drivers and vehicles in California and and are not figured with a specific location for a Toyota Highlander. So the auto insurance company that is most affordable for your situation may not even be in the list above. That is why you need to compare rates from multiple companies using your own specific driver and vehicle information.
Insurance rates are higher with tickets and accidents
The common sense way to receive affordable insurance premiums for a Highlander is to drive carefully and avoid accidents and traffic violations. The chart below demonstrates how citations and at-fault collisions can impact auto insurance costs for each different age category. The price estimates are based on a married male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
The data above shows the average cost of auto insurance in California per year with no accidents and a clean driving record is $2,391. Receive two speeding tickets and the average cost rises to $3,305, an increase of $914 each year. Next add one accident along with the two speeding tickets and the 12-month cost of insurance for a Toyota Highlander goes up to an average of $4,209. That’s an increase of $1,818, or $151 per month, just for not being a responsible driver!
Liability-only versus full coverage
Paying a lower price for insurance is probably important to most vehicle owners, and one way to reduce the cost of insurance for a Toyota Highlander is to only buy liability insurance. The information below illustrates the difference between car insurance costs when comparing full coverage to liability only. The information is based on a clean driving record, no claims, $250 deductibles, single status, and no other discounts are factored in.
Averaged for all age groups, physical damage insurance costs $2,798 per year more than just buying liability insurance. Many people question when is the right time to remove full coverage. There isn’t a steadfast formula that is best for determining when to drop full coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let’s assume your vehicle’s claim settlement value is $6,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $5,500 after paying the physical damage deductible. If premiums are more than $550 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.
Why you should shop around for Highlander insurance
California insurance rates are based on many factors which can substantially decrease or increase the price of your policy. Simply having a birthday, buying a different vehicle, or getting caught speeding can trigger changes in premium that can make some companies affordable when they were higher priced. Not only may your situation change, but insurers file new California auto insurance rates as needed in order to protect their financial rating. Heavier than normal losses may cause a rate increase, while a lower level of claims can result in cheaper Highlander insurance rates.
To illustrate this example, the chart below shows the cheapest car insurance in Oakland, CA for a 35-year-old male driver with no accidents, a clean driving record, and a decent credit rating. If we look at prices based on his personal risk profile, USAA may offer the best car insurance rates in Oakland at $1,531 annually. This is $120 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide also make the list of the top five cheapest Oakland, CA auto insurance companies.
The next chart shows rates after we give the driver in the first chart a couple of claims, less-than-perfect credit, and a traffic citation. Since each auto insurance company has a unique formula to establish rates, analyzing rate quotes could now result in a different set of the cheapest car insurance companies in Oakland as shown below.
Grange now has the lowest price on auto insurance in Oakland with Progressive, GEICO, Allstate, and Mercury also being competitive. This shows why consumers need to shop around to find the most affordable insurance quotes for a Toyota Highlander.
Prices are calculated by many factors and change dramatically, so the lowest-price company the last time you shopped your coverage around may now be one of the more expensive options.
How to find budget-friendly auto insurance for a Toyota Highlander
The list below summarizes many thrifty suggestions that can help California drivers find lower-cost coverage.
- Do not insure for full coverage
- Having at-fault accidents will increase rates
- Get cheaper liability coverage by choosing a safer vehicle
- Higher credit scores may earn you cheaper rates
- Multi-policy discounts save money
- Shop around for lower rates once a year
The last item on the list is extremely necessary, as was emphasized in this write-up. Insurance prices adjust frequently, so drivers shouldn’t be resistant to switch companies if you can find a cheaper rate.
Loyalty to a specific company is fine, but we do not recommend it if that loyalty results in overpaying money that could be going to better use. If you have a few minutes, now is a great time to compare rates to find cheaper car insurance for a Toyota Highlander in Oakland.
The Oakland auto insurance agencies shown below can help you determine which coverages you need, since some drivers aren’t sure which coverage they need and prefer to have the advice of a professional agent when shopping for the best coverage for a Highlander. It can be challenging to find the cheapest car insurance policy, and a licensed agent can provide you peace of mind knowing your policy gives you suitable coverage if you have an accident.
To locate an Oakland car insurance agency in your neighborhood, click the button at the bottom or click here to compare prices now.
- Allstate Insurance: Amy Cheok
180 2nd St #1 – Oakland, CA 94607 – (510) 338-3570
- Jain Williams – State Farm Insurance Agent
4222 MacArthur Blvd – Oakland, CA 94619 – (510) 530-3222
- Farmers Insurance – Sam Cheng
388 9th St #259 – Oakland, CA 94607 – (510) 893-3978
- Ruth Stroup Insurance Agency
3560 Grand Ave – Oakland, CA 94610 – (510) 874-5700
- Fiesta Auto Insurance Center
4102 International Blvd – Oakland, CA 94601 – (510) 261-1300