Buying the cheapest auto insurance for a Toyota Highlander in Oregon doesn’t take a lot of effort, but it hinges on many factors such as age of the vehicle, your occupation, and any prior driving citations you have received. Oregon drivers pay on average $811 each year to insure their Highlander, but that cost is an estimation calculated using a 30-year-old married female driver with full coverage and $1,000 deductibles.
Odds are that you’re not a 30-year-old female, single instead of married, and maybe you have sub-par credit that needs to be factored in. Everone’s needs are different, and this illustrates why the only way to find the cheapest rates for your Toyota is to do the rate comparisons yourself.
Find Cheaper Toyota Highlander Insurance
Your vehicle’s trim level tends to impact the coverage cost, so the price you pay to insure a Highlander 2WD trim level will be $130 cheaper than the price to insure the higher-priced Highlander Hybrid Limited 4WD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$166||$256||$326||$20||$98||$866||$72|
|Highlander SE 2WD||$166||$256||$326||$20||$98||$866||$72|
|Highlander Sport 2WD||$166||$256||$326||$20||$98||$866||$72|
|Highlander Limited 2WD||$186||$302||$326||$20||$98||$932||$78|
|Highlander SE 4WD||$186||$302||$326||$20||$98||$932||$78|
|Highlander Limited 4WD||$186||$302||$326||$20||$98||$932||$78|
|Highlander Hybrid 4WD||$186||$302||$326||$20||$98||$932||$78|
|Highlander Hybrid Limited 4WD||$186||$302||$326||$20||$98||$932||$78|
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rate information does not factor in zip code location which can impact insurance rates considerably.
Figuring out which companies quote the best car insurance rates for a Toyota Highlander may require more work than just comparing a company or two. Every insurance company uses their own calculation to set policy rates, so let’s examine the car insurance companies with the overall best prices in Portland, OR.
Best Insurance Companies for Your Highlander
|Rank||Company||Cost Per Year|
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Grange normally has some of the most affordable car insurance rates in Portland at around $708 a year. Country, Oregon Mutual, Travelers, and USAA also qualify as some of the cheaper Portland, OR auto insurance companies.
In the above example, if you are a customer of Country and switched to Grange, you could realize an annual premium reduction of about $139. Insureds with Oregon Mutual could save as much as $145 a year, and Travelers customers might see rate reductions of $216 a year.
These premiums are averages across all types of insureds and vehicles and and are not figured with a specific location for a Toyota Highlander. So the insurer that is most affordable for your situation may not even be in the top 22 companies in the list above. That illustrates why you need to get auto insurance quotes using your own specific driver information and vehicle.
The illustration below shows how choosing a deductible can change annual premium costs when trying to find cheap insurance for a Toyota Highlander. The costs are based on a married female driver, full coverage, and no discounts are applied.
As shown above, a 50-year-old driver could lower their car insurance rates by $312 a year by changing from a $100 deductible to a $500 deductible, or save $474 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old example, could roll back prices $778 each year by choosing a larger deductible amount. When choosing a higher deductible, it’s a good idea to have additional funds squirreled away to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Chances are good that you’re overpaying for Highlander insurance
Portland car insurance rates are impacted by many factors that can increase your annual premium. Turning one year older, marrying your spouse, or getting a couple of tickets can trigger changes in premium resulting in some companies being more affordable than competitors.
And not only may your rating factors change, but car insurance companies change rates every year or even multiple times each year in order to offset underwriting gains or losses. An unexpected high level of claims may result in increased policy costs, while long-term profits may produce more affordable Highlander insurance rates.
To illustrate this point, the bar chart below shows the cheapest car insurance in Portland, OR for a 35-year-old male driver with no accidents, a clean driving record, and good credit. Based on his current risk profile, Grange may have the most affordable car insurance rates in Portland at $925 annually. This is $553 less than the average price paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA also make the list of the best Portland, OR auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates an at-fault accident, bad credit, and a blemish on his driving record. Since each auto insurer has their own unique process for determining rates in each state, analyzing rate quotes may result in a different ranking of the cheapest Portland car insurance companies as shown below.
GEICO now has the cheapest price in Portland, OR with Amica, Mutual Enumclaw, Allied, and Oregon Mutual now rounding out the top five. This example demonstrates why it is critical to compare as many rates as possible when trying to get the most affordable auto insurance quotes for a Toyota Highlander. Car insurance prices are made up of many risk factors and change substantially, so the best company when you last compared rates may now be wasting a lot of money.