Finding cheaper car insurance for a Toyota Highlander in Minnesota is dependent upon a whole bunch of factors such as whether you are married, if you are a frequent claim filer, and driving violations. Drivers will pay on average $915 per year to insure their Highlander, but that amount is an estimate based upon a 40-year-old married female driver with full coverage and $500 deductibles.
The problem with using this number is the good chance you are not 40 and maybe not even a female, you might be single instead of married, or maybe you want more liability coverage than is required by law in Minnesota. This illustrates why the best method for finding affordable rates for your Toyota is to do a thorough rate comparison.
Cheapest Toyota Highlander Insurance Rates
Your vehicle’s trim level impacts the cost of insurance, so the rate you pay to insure a Highlander 2WD trim level will be $160 cheaper than the insurance cost for the high end Highlander Hybrid Limited 4WD trim level, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $172 | $268 | $334 | $20 | $100 | $894 | $75 |
| Highlander 4WD | $194 | $326 | $334 | $20 | $100 | $974 | $81 |
| Highlander Sport 4WD | $194 | $326 | $334 | $20 | $100 | $974 | $81 |
| Highlander SE 2WD | $194 | $326 | $334 | $20 | $100 | $974 | $81 |
| Highlander Sport 2WD | $194 | $326 | $334 | $20 | $100 | $974 | $81 |
| Highlander Limited 2WD | $216 | $384 | $334 | $20 | $100 | $1,054 | $88 |
| Highlander SE 4WD | $216 | $384 | $334 | $20 | $100 | $1,054 | $88 |
| Highlander Limited 4WD | $216 | $384 | $334 | $20 | $100 | $1,054 | $88 |
| Highlander Hybrid 4WD | $216 | $384 | $334 | $20 | $100 | $1,054 | $88 |
| Highlander Hybrid Limited 4WD | $216 | $384 | $334 | $20 | $100 | $1,054 | $88 |
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Estimates do not factor in vehicle garaging location which can influence premiums significantly.
Best insurance in Minneapolis
Finding the top company can be challenging considering how many different companies sell coverage in Minneapolis. The rank data in the next section can help you select which car insurance companies to look at buying from.
These ratings are only made up of companies with a nationwide focus, so companies without a large exposure are not included in these rankings. To compare prices from many more Minnesota auto insurance companies, click here.
Top 10 Large Auto Insurers in Minneapolis Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Progressive – A+
- Allstate – A+
- The General – A-
Top 10 Large Auto Insurers in Minneapolis Ranked by Value
- USAA
- GEICO
- AAA Insurance
- Liberty Mutual
- State Farm
- Allstate
- Safeco Insurance
- Travelers
- 21st Century
- Nationwide
Impact of careless driving on insurance rates
The easiest method to earn low insurance prices for a Highlander is to be a good driver and avoid tickets and accidents. The chart below illustrates how violations and at-fault claims can increase car insurance costs for different age groups of insureds. The premium estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of car insurance in Minneapolis per year with no accidents and a clean driving record is $2,015. Factor in one speeding ticket and the average cost rises to $2,269, an increase of $254 each year. Now add in one accident along with the one speeding ticket and the 12-month cost of insurance for a Toyota Highlander goes up to an average of $2,977. That’s an increase of $962, or $80 per month, just for not driving carefully!
Full coverage rates vs. liability-only in Minneapolis
Buying cheaper insurance is the goal of the majority of drivers, and one easy way to pay less for insurance for a Toyota Highlander is to not insure for full coverage. The chart below visualizes the comparison of insurance rates with and without physical damage coverage. The price estimates are based on no claims or driving violations, $100 deductibles, marital status is single, and no discounts are taken into consideration.
If we average the cost for ages 20 through 70, physical damage insurance costs $2,202 per year over liability only. Many of you may wonder if it’s worth it to buy full coverage. There is no definitive guideline to drop full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
Get discount Minneapolis auto insurance
Insurance providers that offer quotes for a Toyota Highlander may provide rate discounts that could lower prices by as much as 40% or more if you are eligible to receive them. A few of the larger companies and some of the premium reductions they offer include:
- State Farm offers discounts including passive restraint, good driver, Drive Safe & Save, driver’s education, and good student.
- American Family has discounts for good student, TimeAway discount, defensive driver, bundled insurance, air bags, and good driver.
- GEICO has savings for military active duty, anti-lock brakes, daytime running lights, air bags, and membership and employees.
- 21st Century offers discounts for defensive driver, homeowners, teen driver, air bags, driver training, anti-lock brakes, and automatic seat belts.
- Progressive includes discounts for online signing, online quote discount, multi-vehicle, good student, continuous coverage, and homeowner.
The diagram below compares car insurance costs with and without discounts applied to the premium. The data is based on a female driver, no claims or driving violations, Minnesota state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with marriage, claim-free, accident-free, safe-driver, multiple policy, and vehicle safety discounts applied. When drivers take advantage of discounts, theamount saved on insurance for a Toyota Highlander is 27% or $626.