Toyota Highlander Insurance Rate Quotes in Laredo

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The easiest way to get cheaper Toyota Highlander insurance is to start doing an annual price comparison from insurance carriers who sell auto insurance in Laredo.

  • First, try to understand policy coverages and the measures you can control to prevent high rates. Many policy risk factors that increase rates such as at-fault accidents, speeding tickets, and a less-than-favorable credit score can be improved by improving your driving habits or financial responsibility. Read the full article for additional tips to help prevent high rates and get discounts that may be overlooked.
  • Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or State Farm, while independent agents can provide rate quotes from multiple sources.
  • Third, compare the new rate quotes to your existing coverage to see if a cheaper price is available in Laredo. If you find a better price and switch companies, verify that coverage does not lapse between policies.
  • Fourth, notify your agent or company of your intention to cancel your current policy. Submit the application along with any required down payment to the new company. Once received, store the certificate of insurance in an easily accessible location in your vehicle.

An essential thing to point out is that you'll want to make sure you compare similar deductibles and liability limits on every quote and to quote with as many car insurance companies as possible. This ensures a fair price comparison and a complete selection of prices.

Insurance for Toyota HighlanderAnyone knows that insurance companies don't want you comparing rates. Drivers who shop around for better prices are inclined to switch to a new company because of the high probability of finding coverage at a more affordable price. A survey found that consumers who routinely compared rates saved an average of $70 a month as compared to drivers who don't regularly compare prices.

If finding the lowest price on Toyota Highlander insurance is the reason you're here, then having an understanding of how to compare insurance coverage can help simplify the process.

Finding affordable insurance coverage in Laredo is much easier if you know where to start. Nearly every vehicle owner who quotes insurance stands a good chance to find a lower price. But Texas vehicle owners should learn how big insurance companies charge you for coverage and apply this information to your search.

Where can I get affordable Laredo Toyota Highlander insurance?

Most larger insurance companies make it easy to get prices on the web. Obtaining pricing for Toyota Highlander insurance in Laredo doesn't take much effort as you simply type in your coverage preferences as requested by the quote form. When complete, their system will order your driving record and credit report and quotes a price.

The ability to get online price quotes for Toyota Highlander insurance in Laredo makes it a lot easier to compare rates and it's absolutely necessary to get many rate quotes if you are searching for the best possible rates on insurance.

To compare rates now, visit the companies below or click here to submit a quote request to multiple companies at once. If you currently have coverage, we recommend you copy the coverage information identical to your current policy. Doing this assures you will have rate comparison quotes using the same coverage and limits.

The following companies are ready to provide price comparisons in Laredo, TX. To get the best auto insurance in TX, it's a good idea that you get price quotes from several of them to get a more complete price comparison.

Laredo auto insurance discounts

Auto insurance is neither fun to buy or cheap, but you may find discounts that can dramatically reduce your bill. Certain discounts will be triggered automatically at the time you complete a quote, but some need to be manually applied prior to getting the savings.Cheaper auto insurance with discounts

  • Accident Waiver - Not a discount per se, but some insurance companies may permit one accident without the usual rate increase so long as you are claim-free for a set time period.
  • Clubs and Organizations - Being a member of specific professional or occupational memberships or organizations could qualify you for a break on auto insurance.
  • Early Switch Discount - Some companies give discounts for signing up prior to the expiration date on your current Highlander insurance policy. This can save 10% or more.
  • Payment Discounts - If you pay your bill all at once instead of paying each month you could save 5% or more.
  • Passenger Safety Discount - Cars that have air bags or motorized seat belts can get savings of 20% or more.
  • Cautious Drivers - Insureds who avoid accidents may receive a discount up to 45% than less cautious drivers.

As is typical with insurance, many deductions do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like medical payments or collision. So even though they make it sound like it's possible to get free car insurance, insurance companies wouldn't stay in business.

The illustration below illustrates the comparison of Toyota Highlander car insurance costs with and without discounts being applied to the rates. The premiums assume a female driver, no claims or driving violations, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, claim-free, homeowner, and multi-car discounts applied.

To see a list of providers with discount rates in Laredo, click this link.

Auto insurance analysis for a Toyota Highlander

The rate information displayed below covers a range of insurance premium costs for Toyota Highlander models. Having a good understanding how prices are figured can be of help when making smart policy decisions.

Toyota Highlander Insurance Rates in Laredo, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $232 $322 $388 $24 $116 $1,082 $90
Highlander 4WD $262 $392 $388 $24 $116 $1,182 $99
Highlander Sport 4WD $262 $392 $388 $24 $116 $1,182 $99
Highlander SE 2WD $262 $392 $388 $24 $116 $1,182 $99
Highlander Sport 2WD $262 $392 $388 $24 $116 $1,182 $99
Highlander Limited 2WD $292 $462 $388 $24 $116 $1,282 $107
Highlander SE 4WD $292 $462 $388 $24 $116 $1,282 $107
Highlander Limited 4WD $292 $462 $388 $24 $116 $1,282 $107
Highlander Hybrid 4WD $292 $462 $388 $24 $116 $1,282 $107
Highlander Hybrid Limited 4WD $292 $462 $388 $24 $116 $1,282 $107
Get Your Own Custom Quote Go

Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Table data does not factor in specific zip code location which can raise or lower rates considerably.

Should you raise deductibles?

One of the more difficult decisions when buying auto insurance is where to set your physical damage deductibles. The rates below highlight the difference in cost when you buy lower versus higher physical damage coverage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

Toyota Highlander insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $328 $486 $382 $22 $114 $1,357 $113
Highlander 4WD $370 $592 $382 $22 $114 $1,505 $125
Highlander Sport 4WD $370 $592 $382 $22 $114 $1,505 $125
Highlander SE 2WD $370 $592 $382 $22 $114 $1,505 $125
Highlander Sport 2WD $370 $592 $382 $22 $114 $1,505 $125
Highlander Limited 2WD $412 $698 $382 $22 $114 $1,653 $138
Highlander SE 4WD $412 $698 $382 $22 $114 $1,653 $138
Highlander Limited 4WD $412 $698 $382 $22 $114 $1,653 $138
Highlander Hybrid 4WD $412 $698 $382 $22 $114 $1,653 $138
Highlander Hybrid Limited 4WD $412 $698 $382 $22 $114 $1,653 $138
Get Your Own Custom Quote Go
Toyota Highlander insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $240 $328 $382 $22 $114 $1,086 $91
Highlander 4WD $270 $400 $382 $22 $114 $1,188 $99
Highlander Sport 4WD $270 $400 $382 $22 $114 $1,188 $99
Highlander SE 2WD $270 $400 $382 $22 $114 $1,188 $99
Highlander Sport 2WD $270 $400 $382 $22 $114 $1,188 $99
Highlander Limited 2WD $300 $472 $382 $22 $114 $1,290 $108
Highlander SE 4WD $300 $472 $382 $22 $114 $1,290 $108
Highlander Limited 4WD $300 $472 $382 $22 $114 $1,290 $108
Highlander Hybrid 4WD $300 $472 $382 $22 $114 $1,290 $108
Highlander Hybrid Limited 4WD $300 $472 $382 $22 $114 $1,290 $108
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Price estimates do not factor in Laredo location which can raise or lower coverage prices significantly.

Based on the above data, using a $100 deductible could cost the average driver approximately $27 more each month or $324 for a full year than opting for the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 15 months between claims, you would probably come out ahead if you choose a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $130
Average monthly premium for $500 deductibles (subtract): - $103
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

An important sidenote is that a higher deductible level results in more money out-of-pocket if you have a claim. You must have some extra savings in order to pay the higher deductible.

How much more does full coverage cost?

The example below visualizes the comparison of Toyota Highlander insurance prices with full coverage and liability only. The data is based on no violations or accidents, $250 deductibles, drivers are not married, and no additional discounts are factored in.

Deciding between full coverage and liability only

There isn't a written rule of when to eliminate comp and collision coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let's say your Toyota Highlander replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $7,000 after the policy deductible has been paid. If you are currently paying more than $700 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are some cases where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should maintain full coverage.

You may require the services of a local insurance agent

Some people still prefer to talk to a local agent and that can be a great decision An additional benefit of comparing rates online is that you can obtain lower rates and still choose a local agent.

Insurance agency in LaredoFor easy comparison, once you complete this short form, your insurance data is emailed to local insurance agents in Laredo who will give you bids for your insurance coverage. You won't need to contact an agency as quotes are delivered to your email. You can find better rates without the usual hassles of price shopping. If you wish to compare rates from one company in particular, don't hesitate to go to their quote page to submit a rate quote request.

Picking the best provider is decision based upon more than just a cheap price quote. You should also get answers to these questions.

  • Will they give you a referral list?
  • Does the agency have a positive business rating?
  • If independent agents, which companies do they recommend?
  • Will one accident increase rates?
  • Does the company have a solid financial rating?

If you want to use a local Laredo insurance agent, it helps to know the two different types of agents and how they can service your needs differently. Agencies in Laredo can either be independent or exclusive depending on the company they work for.

Exclusive Insurance Agencies

Agents that elect to be exclusive have only one company to place business with and examples are State Farm, Allstate, and Farm Bureau. They are unable to compare rates from other companies so they have no alternatives for high prices. They are well trained on what they offer and that allows them to sell at a higher price point. A lot of people use the same agent primarily because of loyalty to the company rather than low rates.

Below are exclusive agencies in Laredo that are able to give comparison quotes.

View more Laredo agents

Independent Insurance Agents

Independent agencies are not employed by one company so they can write business with an assortment of companies and get you the best rates possible. If premiums increase, they can switch companies in-house which requires no work on your part. When comparing insurance prices, you definitely need to get insurance quotes from a couple of independent agencies for maximum quote selection. Most have the option of insuring with small regional insurance companies that may provide cheaper insurance rates.

Shown below are Laredo independent agencies willing to provide price quotes.

  • J and E Insurance
    1701 S Malinche Ave - Laredo, TX 78046 - (956) 791-1633 - View Map
  • Castillo Insurance Agency
    1413 E San Carlos St - Laredo, TX 78041 - (956) 727-0129 - View Map

  • 2101 Springfield Ave - Laredo, TX 78040 - (956) 723-7480 - View Map

View more Laredo agents

Will just any policy work for me?

When selecting adequate coverage, there really isn't a one size fits all plan. Everyone's situation is a little different.Safe vehicles cost less to insure

Here are some questions about coverages that may help highlight if your situation might need an agent's assistance.

  • Should I get collision insurance on every vehicle?
  • Am I insured when driving a different vehicle?
  • Who does medical payments coverage extend to?
  • I don't drive much so do I pay less?
  • Is my cargo covered for damage or theft?
  • Am I covered if I have no license?
  • Are my friends covered when driving my car?
  • Am I covered when driving in Canada or Mexico?

If you're not sure about those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form.

Laredo Insurance Costs are Influenced by These Factors

Many things are taken into consideration when pricing auto insurance. Some are pretty understandable such as traffic violations, but others are more obscure like where you live or how safe your car is. One of the most helpful ways to save on auto insurance is to to have a grasp of some of the factors that come into play when calculating your premiums. If you know what controls the rates you pay, this allows you to make educated decisions that can help you get lower rates.

Shown below are some of the most common factors companies use to determine prices.

Employer can influence rates - Careers like fire fighters, business owners, and dentists tend to pay higher rates than average because of intense work-related stress and long work days. Other jobs like professors, engineers and performers get better rates.

Use credit responsibly and save - Having a good credit rating is a large factor in determining what you pay. So if your credit leaves room for improvement, you could be paying less to insure your Toyota Highlander by improving your credit score. Consumers who have high credit ratings tend to be better drivers and file fewer claims than drivers with lower credit ratings.

Married people drive safer - Having a spouse can get you a discount on your auto insurance bill. Having a spouse usually means you are more mature and insurance companies reward insureds because drivers who are married are more cautious.

Save by driving cars with good safety ratings - Safer cars get lower rates. Vehicles engineered for safety reduce occupant injuries and lower injury rates translates directly to fewer claims and more competitive rates for policyholders. If your Toyota Highlander earned at least four stars on Safercar.gov or an "acceptable" rating on iihs.org you may pay a lower rate.

Prices go up with performance - The performance of the car you drive makes a huge difference in determining your rates. The lowest premiums tend to be for low performance passenger vehicles, but other factors influence the final cost greatly.

The chart below assumes a single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. It illustrates Toyota Highlander car insurance rates compared to other vehicles that have different risk factors.

Big city or small town - Choosing to live in a rural area has definite advantages when buying auto insurance. People in densely populated areas tend to have much more traffic and longer commutes to work. Less people corresponds to lower accident rates and also fewer theft and vandalism claims.

Policy add-ons may not be needed - There are many additional coverages that can waste your money if you aren't careful. Insurance for personal injury protection, towing, and extra life insurance coverage may be costing you every month. The coverages may be enticing at first, but if you have no use for them consider taking them off your policy.

Insurance loss statistics a Toyota Highlander - Insurers analyze historical claim data as a tool for profitable underwriting. Vehicles that the data shows to have a trend towards higher claim severity or frequency will cost more for coverage.

The table below shows the insurance loss data used by companies for Toyota Highlander vehicles. For each policy coverage type, the claim probability for all vehicles, regardless of make or model, is represented as 100. Values that are below 100 are indicative of better than average losses, while numbers shown that are more than 100 indicate frequent claims or tendency to have higher losses.

Toyota Highlander Insurance Loss Statistics
Specific Toyota 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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Auto insurance protects more than just your car

Despite the potentially high cost of Toyota Highlander insurance, insurance is most likely required but also gives you several important benefits.

  • Almost all states have minimum liability requirements which means it is punishable by state law to not carry specific limits of liability protection in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you took out a loan on your Toyota Highlander, it's guaranteed your bank will make it mandatory that you have insurance to protect their interest in the vehicle. If coverage lapses or is canceled, the lender may insure your Toyota at a significantly higher premium and require you to pay the higher premium.
  • Auto insurance preserves both your car and your assets. It will also cover hospital and medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of buying enough insurance definitely exceed the cost, especially if you ever need it. As of last year, the average driver in Texas is currently overpaying as much as $800 each year so you should quote rates at every policy renewal to ensure rates are inline.

Be persistent and save

Insureds who switch companies do it for a variety of reasons including an unsatisfactory settlement offer, denial of a claim, extreme rates for teen drivers and even delays in responding to claim requests. Regardless of your reason, finding the right car insurance provider is less work than it seems.

As you restructure your insurance plan, it's very important that you do not sacrifice coverage to reduce premiums. There have been many cases where someone dropped liability limits or collision coverage and discovered at claim time that they should have had better coverage. Your goal is to buy enough coverage for the lowest price.

Lower-priced car insurance in Laredo is definitely available online in addition to local insurance agencies, so you need to shop Laredo auto insurance with both to have the best rate selection. Some insurance companies do not provide online quoting and many times these regional carriers work with independent agents.

More detailed car insurance information can be read in these articles: