Finding competitive coverage for a Toyota Highlander in Hawaii is pretty simple, but it depends on a lot of rating factors such as age of the driver, your credit status, and your choice of deductibles. Drivers in Hawaii pay around $789 each year for Highlander insurance, but that figure is a valuation using a 50-year-old single female driver with both comprehensive and collision coverage and $500 deductibles.
More likely than not, you may not be 50 years old (or even female), maybe you are married instead of single, or maybe you need higher liability limits than the state minimum. Just a slight change in policy rating criteria or coverages could result in a significant change in the price of coverage.
Every driver’s needs are different, and that is why the best way to find cheap insurance prices for your Toyota is to do the rate comparisons yourself. It takes less than five minutes and you will receive rate quotes from some of the best companies that insure Toyota vehicles in Hawaii.
Your vehicle’s trim level tends to impact price, so the price to insure a Highlander 2WD will be $134 less than the cost to insure the higher-end Highlander Hybrid Limited 4WD model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$162||$272||$300||$18||$90||$842||$70|
|Highlander SE 2WD||$162||$272||$300||$18||$90||$842||$70|
|Highlander Sport 2WD||$162||$272||$300||$18||$90||$842||$70|
|Highlander Limited 2WD||$180||$320||$300||$18||$90||$908||$76|
|Highlander SE 4WD||$180||$320||$300||$18||$90||$908||$76|
|Highlander Limited 4WD||$180||$320||$300||$18||$90||$908||$76|
|Highlander Hybrid 4WD||$180||$320||$300||$18||$90||$908||$76|
|Highlander Hybrid Limited 4WD||$180||$320||$300||$18||$90||$908||$76|
|Get Your Own Custom Quote Go|
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Price information does not factor in garaging location in Honolulu which can modify premium rates significantly.
Trying to buy budget auto insurance is easier said than done, and determining which insurers offer the best car insurance rates for a Toyota Highlander requires even more work.
Each company uses their own formula for setting rates, so let’s take a look at the car insurance companies that tend to have lower prices in Honolulu, HI.
Compare Cheap Insurance Quotes for Your Highlander
|Rank||Company||Cost Per Year|
|7||First of Hawaii||$1,987|
|Find Your Rate Go|
USAA quotes some of the lowest car insurance rates in Honolulu at around $964 annually. State Farm, GEICO, Liberty Mutual, and Progressive would also make the list of some of the more affordable Honolulu, HI car insurance companies.
In the above example, if you currently have coverage with State Farm and switched to USAA, you might realize an annual savings of about $145. Policyholders with GEICO may save as much as $412 a year, and Liberty Mutual insureds might reduce prices by as much as $442 a year.
To find the cheapest coverage for you, click here to begin a quote or visit any of the low-priced companies below.
These policy rates are averaged across all drivers and vehicles and and are not calculated with a specific zip code for a Toyota Highlander. So the company that can offer the best rates for your situation may not even be in the list above. That illustrates why you need to get rate quotes from many companies using your own personal information and vehicle type.
How to get discounts on Honolulu insurance rates
Auto insurance companies that offer quotes for a Toyota Highlander may also provide price discounts that may potentially lower prices by as much as 35% if you qualify. A few of the larger companies and a selection of discounts include:
- State Farm may have discounts that include student away at school, defensive driving training, safe vehicle, accident-free, Steer Clear safe driver discount, good driver, and good student.
- Esurance has discounts for safety device, defensive driver, claim free, paid-in-full, good student, emergency road assistance, and anti-theft.
- Progressive offers premium reductions for continuous coverage, online quote discount, multi-vehicle, online signing, multi-policy, good student, and homeowner.
- Liberty Mutual offers discounts including newly retired, exclusive group savings, new graduate, good student, and new move discount.
- Auto-Owners Insurance policyholders can earn discounts including anti-lock brakes, good student, paid in full, student away at school, company car, mature driver, and paperless.
- GEICO offers discounts for defensive driver, military active duty, emergency military deployment, multi-policy, seat belt use, and driver training.
The example below compares car insurance costs with and without discounts applied to the rates. The data is based on a male driver, no violations or accidents, Hawaii state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, accident-free, multiple vehicle, anti-theft, marriage, and safe-driver discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance for a Toyota Highlander is 28% or $396.
Safe drivers pay cheaper rates
The common sense way to get the most affordable car insurance rates for a Highlander is to be a safe driver and avoid accidents and traffic citations. The chart below illustrates how violations and fender-benders impact insurance rates for different ages of insureds. The costs are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.
In the chart above, the average cost of car insurance in Honolulu per year with no accidents or violations is $1,832. Get two speeding tickets and the average cost surges to $2,432, an increase of $601 each year. Next add two accidents along with the two speeding tickets and the annual cost of car insurance for a Toyota Highlander increases to an average of $4,522. That’s an increase of $2,690, or $224 per month, just for not driving safely!
Rate difference between full and liability-only coverage
Saving on car insurance should be important to the majority of people, and one great way to pay lower rates for insurance for a Toyota Highlander is to only pay for liability coverage. The chart below illustrates the difference between insurance rates with and without physical damage coverage. The premiums assume a clean driving record, no claims, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
If all age groups are averaged, comp and collision coverage costs an extra $1,432 per year more than just buying liability only. That raises the question when is it safe to stop buying full coverage. There is no clear-cut rule to stop buying physical damage coverage on your policy, but there is a general convention. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your vehicle’s claim settlement value is $10,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $9,000 after the policy deductible has been paid. If you are currently paying more than $900 a year for comprehensive and collision coverage, then it might be time to buy liability only.
There are some circumstances where only buying liability is not advised. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.