Saving money on Toyota Highlander insurance in Chandler can seem to be frustrating for people who have little experience comparison shopping online. You have so many choices that it can easily turn into a difficult situation to locate the lowest price in Arizona.
A study showed that most drivers renewed their policy with the same company for at least four years, and almost half have never compared rates with other companies. Consumers in Arizona could save an average of as much as 50% each year by just comparing quotes, but they underestimate the amount of money they would save if they just switched companies.
There are several ways of comparing price quotes from many available auto insurance companies in Arizona. The best method to compare Toyota Highlander insurance prices is to use the internet to compare rates.
When price shopping your coverage, comparing all the rates in your area increases the chance that you will find a lower rate. Some companies don’t provide online price quotes, so it’s recommended that you also compare rates on coverage from those companies, too.
The companies shown below offer price comparisons in Arizona. If you want cheap car insurance in AZ, it’s a good idea that you click on several of them to get the best price comparison.
Car insurance in Arizona serves several purposes
Despite the fact that car insurance is not cheap in Chandler, car insurance serves an important purpose.
- Almost all states have minimum mandated liability insurance limits which means the state requires specific limits of liability protection in order to drive the car. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Toyota Highlander, it’s guaranteed your bank will make it mandatory that you have full coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender will be forced to insure your Toyota at a much higher rate and force you to pay a much higher amount than you were paying before.
- Car insurance preserves not only your car but also your assets. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance also pays for attorney fees and expenses in the event you are sued. If your vehicle suffers damage from an accident or hail, your car insurance policy will pay to repair the damage minus the deductible amount.
The benefits of buying car insurance greatly outweigh the cost, particularly for liability claims. As of last year, the average driver in Arizona is overpaying more than $869 every year so it’s important to compare rates at least once a year to make sure the price is not too high.
Coverage statistics and figures
The coverage information displayed below outlines a range of insurance premium costs for Toyota Highlander models. Understanding how insurance quotes are figured can be useful when making informed purchases.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Highlander 2WD | $200 | $314 | $314 | $18 | $94 | $940 | $78 |
Highlander 4WD | $224 | $382 | $314 | $18 | $94 | $1,032 | $86 |
Highlander Sport 4WD | $224 | $382 | $314 | $18 | $94 | $1,032 | $86 |
Highlander SE 2WD | $224 | $382 | $314 | $18 | $94 | $1,032 | $86 |
Highlander Sport 2WD | $224 | $382 | $314 | $18 | $94 | $1,032 | $86 |
Highlander Limited 2WD | $250 | $450 | $314 | $18 | $94 | $1,126 | $94 |
Highlander SE 4WD | $250 | $450 | $314 | $18 | $94 | $1,126 | $94 |
Highlander Limited 4WD | $250 | $450 | $314 | $18 | $94 | $1,126 | $94 |
Highlander Hybrid 4WD | $250 | $450 | $314 | $18 | $94 | $1,126 | $94 |
Highlander Hybrid Limited 4WD | $250 | $450 | $314 | $18 | $94 | $1,126 | $94 |
Get Your Own Custom Quote Go |
Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Table data does not factor in specific location information which can affect premium rates substantially.
Where to set your deductibles
The hardest decision when buying coverage is the level to set your comp and collision deductibles. The figures shown below may help you to understand the rate fluctuation between low and high comp and collision deductibles. The first rate quote example uses a $250 deductible and the second data table uses a $1,000 deductible.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Highlander 2WD | $232 | $320 | $300 | $18 | $90 | $985 | $82 |
Highlander 4WD | $262 | $390 | $300 | $18 | $90 | $1,085 | $90 |
Highlander Sport 4WD | $262 | $390 | $300 | $18 | $90 | $1,085 | $90 |
Highlander SE 2WD | $262 | $390 | $300 | $18 | $90 | $1,085 | $90 |
Highlander Sport 2WD | $262 | $390 | $300 | $18 | $90 | $1,085 | $90 |
Highlander Limited 2WD | $292 | $460 | $300 | $18 | $90 | $1,185 | $99 |
Highlander SE 4WD | $292 | $460 | $300 | $18 | $90 | $1,185 | $99 |
Highlander Limited 4WD | $292 | $460 | $300 | $18 | $90 | $1,185 | $99 |
Highlander Hybrid 4WD | $292 | $460 | $300 | $18 | $90 | $1,185 | $99 |
Highlander Hybrid Limited 4WD | $292 | $460 | $300 | $18 | $90 | $1,185 | $99 |
Get Your Own Custom Quote Go |
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Highlander 2WD | $144 | $202 | $300 | $18 | $90 | $754 | $63 |
Highlander 4WD | $162 | $246 | $300 | $18 | $90 | $816 | $68 |
Highlander Sport 4WD | $162 | $246 | $300 | $18 | $90 | $816 | $68 |
Highlander SE 2WD | $162 | $246 | $300 | $18 | $90 | $816 | $68 |
Highlander Sport 2WD | $162 | $246 | $300 | $18 | $90 | $816 | $68 |
Highlander Limited 2WD | $180 | $290 | $300 | $18 | $90 | $878 | $73 |
Highlander SE 4WD | $180 | $290 | $300 | $18 | $90 | $878 | $73 |
Highlander Limited 4WD | $180 | $290 | $300 | $18 | $90 | $878 | $73 |
Highlander Hybrid 4WD | $180 | $290 | $300 | $18 | $90 | $878 | $73 |
Highlander Hybrid Limited 4WD | $180 | $290 | $300 | $18 | $90 | $878 | $73 |
Get Your Own Custom Quote Go |
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Table data does not factor in specific location which can raise or lower coverage rates greatly.
We can derive from the above data that using a $250 deductible costs about $24 more each month or $288 a year averaged for all Highlander models than selecting the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 31 months between claims, you would probably come out ahead by going with a higher deductible. Here is an example of how this decision is made.
Average monthly premium for $250 deductibles: | $94 |
Average monthly premium for $1,000 deductibles (subtract): | – $70 |
Monthly savings from raising deductible: | $24 |
Difference between deductibles ($1,000 – $250): | $750 |
Divide difference by monthly savings: | $750 / $24 |
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 31 months |
Full coverage rates compared to liability-only
The chart below shows the difference between Toyota Highlander annual premium costs with full coverage compared to only the Arizona minimum liability coverage. The prices are based on no tickets, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are factored in.
When to drop comp and collision
There is no clear-cut formula to stop paying for comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Toyota Highlander book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $3,000 after paying your deductible. If it’s costing you more than $300 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few situations where removing full coverage is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Score discounts on Chandler auto insurance
Car insurance companies do not advertise every possible discount very clearly, so below is a list some of the best known and the harder-to-find credits available to you. If they aren’t giving you every credit available, you’re just leaving money on the table.
- Discounts for Government Workers – Having worked for a branch of the government may reduce rates when you quote Chandler auto insurance with select insurance companies.
- Student Discounts – Performing well in school may save you up to 25%. Earning this discount can benefit you up to age 25.
- Cautious Driver Discounts – Insureds who avoid accidents could pay up to 40% less than their less cautious counterparts.
- Multi-policy Discount – When you have multiple policies and insure them both with the same insurance company you will save up to 20% off your total Highlander insurance premium.
- Paper-free Discount – Some insurance companies will give a small break shop Chandler auto insurance on their website.
- Passive Restraint Discount – Cars that have air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
- Professional Organizations – Affiliation with qualifying clubs or civic groups is a simple method to lower premiums on auto insurance.
- Driver Safety – Participating in a course that instructs on driving safety could possibly earn you a 5% discount and also improve your driving technique.
As a footnote on discounts, most discounts do not apply to the entire cost. Most only cut specific coverage prices like collision or personal injury protection. Just because it seems like all those discounts means the company will pay you, you aren’t that lucky.
The information below shows the difference between Toyota Highlander insurance prices with and without discounts applied. The information is based on a male driver, no claims or driving citations, Arizona state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-car, claim-free, multi-policy, and homeowner discounts applied.
A list of companies and their offered discounts are:
- GEICO may include discounts for anti-theft, seat belt use, five-year accident-free, federal employee, daytime running lights, good student, and driver training.
- Mercury Insurance offers discounts for annual mileage, type of vehicle, multi-car, multi-policy, location of vehicle, age of vehicle, and anti-theft.
- Farmers Insurance policyholders can earn discounts including switch companies, homeowner, good student, distant student, and electronic funds transfer.
- Auto-Owners Insurance offers discounts including teen driver, company car, good student, group or association, safe driver, multiple vehicles, and student away at school.
- Liberty Mutual may offer discounts for hybrid vehicle, multi-car, new move discount, preferred payment discount, exclusive group savings, and safety features.
- SAFECO includes discounts for multi-car, safe driver, accident prevention training, homeowner, drive less, and teen safe driver.
- Progressive discounts include multi-vehicle, continuous coverage, homeowner, multi-policy, good student, online quote discount, and online signing.
- USAA may have discounts that include good student, driver training, military installation, defensive driver, multi-vehicle, loyalty savings, and family discount.
If you need lower rates, check with all companies you are considering which credits you are entitled to. Savings may not apply to policyholders in every state. To locate insurers offering auto insurance discounts in Arizona, click here.
Exclusive and independent insurance agencies
A small number of people just want to have an agent’s advice and that is a smart decision A good thing about comparing rates online is the fact that drivers can get lower rates but also keep your business local. Buying from and supporting local agencies is important particularly in Chandler.
To find an agent, once you fill out this quick form, your coverage information gets sent to companies in Chandler who will return price quotes for your business. It’s much easier because you don’t need to find an agent on your own because prices are sent to your email. You can find lower rates without a big time investment. If you wish to quote rates from a particular provider, just jump over to their website and fill out their quote form.
Is an exclusive or independent auto insurance agent right for you?
If you are wanting to find a local Chandler insurance agent, you need to know there are two different types of agencies that you can choose from. Chandler agents can be categorized as either exclusive or independent.
Independent Agents (or Brokers)
Agents in the independent channel are not required to write business for one company and that allows them to write policies with a variety of different insurance companies enabling the ability to shop coverage around. If they find a lower price, they can switch companies in-house and you don’t have to find a new agent.
When comparing car insurance rates, it’s recommended you compare quotes from multiple independent agents so that you can do a thorough price comparison. Most have the option of insuring with companies that do not advertise much which can be an advantage.
Featured below is a list of independent agents in Chandler that may be able to provide cheap rate quotes.
- Sunvalley Insurance (Agency)
4960 S Gilbert Rd #1 – Chandler, AZ 85249 – (480) 626-7218 – View Map - Oasis Insurance
1200 N Arizona Ave #3 – Chandler, AZ 85225 – (480) 782-9202 – View Map - Legacy Insurance and Investment Group LLC
633 E Ray Rd #106 – Chandler, AZ 85225 – (480) 968-3655 – View Map
Exclusive Insurance Agents
Agents that elect to be exclusive have only one company to place business with like Farmers Insurance and State Farm. Exclusive agents cannot provide rate quotes from other companies so they really need to provide good service. Exclusive agencies are usually well trained on their products and sales techniques and that enables them to sell even at higher rates. A lot of people buy from the same agent for years partially due to the brand legacy rather than low rates.
Below is a list of exclusive agents in Chandler that can give you rate quotes.
- American Family Insurance – Craig Lloyd
1801 W Queen Creek Rd #1 – Chandler, AZ 85248 – (480) 899-8549 – View Map - Stacy Beatty – State Farm Insurance Agent
3165 S Alma School Rd Ste 27 – Chandler, AZ 85248 – (480) 855-0665 – View Map - Allstate Insurance: Kevin Lum
5055 W Ray Rd Ste 22 – Chandler, AZ 85226 – (480) 883-8798 – View Map
Choosing an insurance agent should depend on more than just the price. Here are some questions you should ask.
- Who are their largest clients?
- How often do they review coverages?
- Do they specialize in personal lines coverage in Chandler?
- What are the financial ratings for the companies they represent?
- Where are claims handled?
Once you have reasonable responses as well as offering an affordable quote, you may have just found a car insurance agent that can be relied on to properly service your car insurance policy.
Auto insurance 101
Understanding the coverages of a insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.
Collision protection
This coverage pays for damage to your Highlander resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for things like damaging your car on a curb, crashing into a ditch, sideswiping another vehicle and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to increase the deductible on your Highlander to save money on collision insurance.
Liability insurance
Liability coverage provides protection from damage or injury you incur to people or other property in an accident. It protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 15/30/10 that means you have a $15,000 limit per person for injuries, $30,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability coverage pays for claims such as pain and suffering, bail bonds, attorney fees and medical services. How much coverage you buy is your choice, but consider buying higher limits if possible. Arizona state law requires minimum liability limits of 15/30/10 but it’s recommended drivers buy more coverage.
The next chart demonstrates why the minimum limit may not be adequate.
Comprehensive coverage
This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like damage from flooding, falling objects, hail damage and hitting a deer. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Toyota Highlander.
Due to the fact that many Arizona drivers only carry the minimum required liability limits (15/30/10), their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Most of the time these limits are identical to your policy’s liability coverage.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for chiropractic care, nursing services, prosthetic devices and ambulance fees. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Do the work, save more money
In this article, we covered a lot of tips how to get a better price on Toyota Highlander insurance in Chandler. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the best premium rates are with a lesser-known regional company.
Cheaper Toyota Highlander insurance in Chandler can be purchased both online in addition to local insurance agencies, so you should be comparing quotes from both so you have a total pricing picture. A few companies do not offer online price quotes and most of the time these small insurance companies sell through local independent agencies.
Consumers change insurance companies for any number of reasons including high prices, unfair underwriting practices, policy non-renewal and even extreme rates for teen drivers. Regardless of your reason for switching companies, switching companies is less work than it seems.
Steps to finding cheaper rates for Toyota Highlander insurance in Chandler
Truthfully, the best way to get low-cost Toyota Highlander insurance is to compare quotes once a year from companies who provide car insurance in Chandler.
- Get a basic knowledge of coverages and the measures you can take to keep rates in check. Many rating criteria that result in higher prices like traffic tickets, fender benders, and bad credit can be remedied by making minor changes in your lifestyle.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like Progressive or Farmers Insurance, while independent agents can provide prices from multiple insurance companies.
- Compare the new rate quotes to the price on your current policy to see if cheaper Highlander coverage is available in Chandler. If you can save money, ensure coverage does not lapse between policies.
- Notify your company or agent of your intent to cancel your current car insurance policy and submit the signed application along with the required initial payment for your new coverage. Once the application is submitted, safely store the certificate of insurance in a readily accessible location in your vehicle.
An important note is to make sure you’re comparing identical coverage information on each quote and and to get price quotes from as many different insurance providers as possible. Doing this ensures an accurate price comparison and a complete price analysis.
Additional resources
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- How Much is Car Insurance for High School Students in Chandler? (FAQ)
- What Auto Insurance is Cheapest for Teenage Males in Chandler? (FAQ)
- What Auto Insurance is Cheapest for a Ford Fusion in Chandler? (FAQ)
- Who Has Cheap Chandler Car Insurance for a Learners Permit? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- Distracted Driving Statistics (Insurance Information Institute)