Who Has the Cheapest Auto Insurance for a Toyota Highlander in Fort Worth?

Buying affordable car insurance for a Toyota Highlander in Texas is fairly easy, but it depends on a lot of rating criteria such as the safety rating for your Highlander, your address, and your motor vehicle report. Drivers pay approximately $847 annually to insure their Highlander, but that figure is a projection based on a 50-year-old married female driver with full physical damage coverage and $1,000 deductibles.

It’s more than likely you’re not a 50-year-old female, maybe you are single instead of married, and maybe you want different deductibles. Auto insurance is not the same for everyone, so the best way to find the cheapest coverage for your Toyota is to do the rate comparisons yourself. Do a quick rate comparison now and you will receive price comparisons from the best companies available.

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Your vehicle’s trim level will influence the annual cost of coverage, so the price you will be charged to insure a Highlander 2WD trim level will be $130 less expensive the price to insure the more expensive Highlander Hybrid Limited 4WD trim level, as shown in the prices below.

Toyota Highlander Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $140 $212 $358 $22 $108 $840 $70
Highlander 4WD $158 $260 $358 $22 $108 $906 $76
Highlander Sport 4WD $158 $260 $358 $22 $108 $906 $76
Highlander SE 2WD $158 $260 $358 $22 $108 $906 $76
Highlander Sport 2WD $158 $260 $358 $22 $108 $906 $76
Highlander Limited 2WD $176 $306 $358 $22 $108 $970 $81
Highlander SE 4WD $176 $306 $358 $22 $108 $970 $81
Highlander Limited 4WD $176 $306 $358 $22 $108 $970 $81
Highlander Hybrid 4WD $176 $306 $358 $22 $108 $970 $81
Highlander Hybrid Limited 4WD $176 $306 $358 $22 $108 $970 $81
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Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rate information does not factor in specific location which can impact premiums significantly.

Establishing which insurers offer the cheapest auto insurance rates for a Toyota Highlander takes a tad more effort than just comparing a company or two.

Each insurance company has their own formula for determining rates in each state, so let’s take a look at the lowest cost auto insurance companies in Fort Worth. It’s a good idea to know that Fort Worth auto insurance rates are determined by lots of factors which can substantially decrease or increase the policy price. Improving your credit rating, having a teenage driver, or getting a reckless driving citation can trigger price changes that may make certain companies much cheaper than others.

Cheap Insurance Rates for Your Highlander

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Travelers has some of the best car insurance rates in Fort Worth at around $1,021 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the cheaper Fort Worth, TX auto insurance companies.

In the above rates, if you buy coverage from Germania Mutual and switched to USAA, you may see savings of around $199. Drivers with Esurance may save as much as $270 a year, and California Casualty insureds might reduce rates by $301 a year.

To see how much you can save, click here to start a quote or visit any of the low-priced companies below.

Understand that those estimates are averaged across all insureds and vehicles and and are not figured with an exact vehicle garaging location for a Toyota Highlander. So the insurer that fits your situation best may not even be in the top 23 companies shown above. That is why you need to get rate quotes from many companies using your own individual information.

Full coverage versus liability-only in Fort Worth

Lowering the price of auto insurance is the goal of most vehicle owners, and one great way to pay less for insurance for a Toyota Highlander is to only buy liability insurance. The illustration below illustrates the difference between premium costs with full coverage compared to only the Texas minimum liability coverage. The premiums assume no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

As an overall average, physical damage coverage on your policy costs an extra $1,919 per year over liability only. At some point, every insured wonders if buying full coverage is worth the money. There is no exact formula of when to eliminate physical damage coverage on your policy, but there is a general guideline. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

There are a few situations where only buying liability is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

What aren’t you shopping around?

Fort Worth, TX auto insurance rates are calculated based on many things which can significantly increase or decrease the price you have to pay. Improving your credit rating, buying a new vehicle, or having an accident may prompt premium changes that can make some companies cheaper than before. Additionally, companies amend premium rates without warning to help ensure profitability. Unexpectedly high claims may cause rate increases, while profitable underwriting may result in cheaper Highlander insurance rates.

The data below compares the cheapest car insurance in Fort Worth, TX for a 40-year-old male driver with no violations or accidents, and good financial standing. If we estimate rates based on his current risk profile, Travelers might quote the lowest car insurance rates in Fort Worth at $1,126 per year. This is $778 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the top five cheapest Fort Worth, TX auto insurance companies.

Now we will give the driver in the first example some claims, a lower credit rating, and a few blemishes on his driving record. Since every car insurance company uses their own calculation to set premium rates, getting updated rate quotes will most likely result in a completely different list of the cheapest car insurance companies in Fort Worth as shown below.

State Farm now has the lowest price in Fort Worth with Mercury, USAA, Nationwide, and Safe Auto now rounding out the top five. This shows why consumers need to take the time to take the time to shop around to find cheap insurance rates for a Toyota Highlander.

Insurance prices consist of many things and change substantially, so the cheapest rate the last time you shopped around may now not even be in the top five.