Buying competitive car insurance for a Toyota Highlander relies on many different factors such as the safety rating for your Highlander, your credit score, and the level of deductible you choose. Drivers in South Carolina will pay on average $893 a year to insure their Highlander, but that figure is a valuation using a 50-year-old single female driver with full coverage and $1,000 deductibles.
When making auto insurance estimates, the issue arises that you're not a 50-year-old female, possibly married instead of single, and maybe you have sub-par credit that needs to be factored in. Even a slight difference in rating criteria or coverage limits can result in a large change in the cost of insurance.
This shows why the way we recommend to find the cheapest insurance price for your Toyota is to do the rate comparisons yourself. In just a few minutes you will receive rate quotes from some of the most affordable companies that insure vehicles in South Carolina.
The specific model of Highlander will most likely have an effect on price, so the price you will pay to insure a Highlander 2WD trim level will be $132 cheaper than the insurance cost for the more expensive Highlander Hybrid Limited 4WD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$158||$274||$386||$22||$116||$956||$80|
|Highlander SE 2WD||$158||$274||$386||$22||$116||$956||$80|
|Highlander Sport 2WD||$158||$274||$386||$22||$116||$956||$80|
|Highlander Limited 2WD||$176||$322||$386||$22||$116||$1,022||$85|
|Highlander SE 4WD||$176||$322||$386||$22||$116||$1,022||$85|
|Highlander Limited 4WD||$176||$322||$386||$22||$116||$1,022||$85|
|Highlander Hybrid 4WD||$176||$322||$386||$22||$116||$1,022||$85|
|Highlander Hybrid Limited 4WD||$176||$322||$386||$22||$116||$1,022||$85|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rate information does not factor in your specific South Carolina location which can change premiums considerably.
Finding a high-quality insurance provider can be a challenge considering how many choices you have in South Carolina. The information in the lists below could help you choose which auto insurers to look at when comparing rate quotes. These rankings only include companies who write in the majority of U.S. states, so smaller regional companies are not included in the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The diagram below shows how choosing a deductible can change annual premium costs when quoting cheap insurance for a Toyota Highlander in South Carolina. The costs are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
The chart above illustrates that a 50-year-old driver could pocket $334 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $506 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old, could save up to $832 annually by using higher deductibles when buying full coverage.
When using a larger deductible, it is a good idea to have plenty of savings on hand to allow you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Your cheap Highlander insurance may actually be overpriced
South Carolina auto insurance rates are influenced by many factors which can substantially change the price of your policy. Turning one year older, buying a home instead of renting, or getting a couple of tickets may prompt premium changes resulting in some companies being affordable when they were higher priced. And not only may your rating factors change, but car insurance companies modify pricing as often as every quarter in order to maintain liquidity for claims. A period of increased losses can cause a rate increase, while better underwriting may produce lower-cost Highlander insurance rates.
For instance, the graph below shows a variety of companies that have the cheapest car insurance in South Carolina for a 40-year-old male driver with a clear driving record, no claims, and excellent credit. Based on his current rating profile, The Hartford has the cheapest car insurance rates in South Carolina at $775 annually. This is $834 less than the average premium paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and Southern Farm Bureau also make the list of the most affordable South Carolina auto insurance companies.
The chart below compares rates after we give the driver from the above example an at-fault accident, a lower credit rating, and a speeding citation. Because each insurer has a different process for determining prices, analyzing rate quotes may result in a different list of the cheapest car insurance companies in South Carolina as shown below.
National Grange Mutual now has the cheapest insurance rate in South Carolina with Travelers, State Farm, USAA, and The Hartford now being in the top five. This demonstrates why consumers need to take the time to take the time to shop around to find the most affordable insurance quotes for a Toyota Highlander. Insurance prices can be determined by many things and can change without notice, so the most affordable company when you bought your policy may now be quite expensive.
Ideas for buying more affordable insurance for a Toyota Highlander in South Carolina
Lowering your rates is not difficult, and here are some of the recommended money-saving ideas that can help South Carolina drivers quote cheaper coverage.
- Increase deductibles to save money
- Do not get into accidents that are your fault
- Serious violations like DUI or reckless driving can increase rates dramatically
- Bundle home or renters insurance to earn a discount on car insurance
- Improve your credit rating
- Earn a discount by not filing claims
- Shop around and save
The last tip in the list is especially vital, as we hit on in the prior article. Car insurance rates can change considerably in a year, so don't be tentative to buy a policy from a new company if a more affordable price is available.
Loyalty to a specific company is fine, but it's not a good idea if that loyalty results in overpaying money that could be used for better things. Take a couple minutes and shop around and find cheaper auto insurance for a Toyota Highlander.