Toyota Highlander insurance image courtesy of QuoteInspector.com
Buying economical coverage for a Toyota Highlander depends on an enormous amount of factors such as the age of the Highlander, whether or not you have filed claims in the past, and your choice of deductibles. Wisconsin drivers pay around $865 a year for Highlander insurance, but that is an approximation using a 40-year-old single male driver with full coverage and $250 deductibles.
This brings up the issue that more than likely you're not a 40-year-old male, you might be married instead of single, or maybe you don't qualify for the same discounts. This demonstrates why the way we recommend to find cheap insurance prices for your Toyota is to do the rate comparisons yourself.
The trim level of your Toyota can impact the annual cost of coverage, so the price you will be charged to insure a Highlander 2WD model will be $168 less than the insurance cost for the high end Highlander Hybrid Limited 4WD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$196||$344||$278||$16||$84||$918||$77|
|Highlander SE 2WD||$196||$344||$278||$16||$84||$918||$77|
|Highlander Sport 2WD||$196||$344||$278||$16||$84||$918||$77|
|Highlander Limited 2WD||$218||$406||$278||$16||$84||$1,002||$84|
|Highlander SE 4WD||$218||$406||$278||$16||$84||$1,002||$84|
|Highlander Limited 4WD||$218||$406||$278||$16||$84||$1,002||$84|
|Highlander Hybrid 4WD||$218||$406||$278||$16||$84||$1,002||$84|
|Highlander Hybrid Limited 4WD||$218||$406||$278||$16||$84||$1,002||$84|
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate information does not factor in specific location which can modify insurance rates significantly.
Establishing which insurers offer the lowest-priced insurance rates for a Toyota Highlander takes a little more work than just comparing rates from one or two companies. Every auto insurer used slightly different criteria to set their prices, so to begin we'll rank the insurance companies that tend to have lower prices in Milwaukee.
Best Auto Insurance Prices for Your Highlander
|Rank||Company||Cost Per Year|
|8||Rural Mutual Insurance||$772|
|12||West Bend Mutual||$926|
|14||Auto Club Group||$948|
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USAA may offer some of the best car insurance rates in Milwaukee at around $586 annually. Partners Mutual, Erie, Rockford Mutual, and Nationwide also are some of the lowest-priced Milwaukee, WI insurance companies.
As shown above, if you currently have a policy with Erie and switched to USAA, you may see yearly savings of about $110. Insureds with Rockford Mutual might save as much as $160 a year, and Nationwide customers might lower prices by up to $166 a year.
Remember that these premiums are averages for all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for a Toyota Highlander. So the car insurance company that fits you best may not even be in the top 30 companies shown above. That is why you need to get rate quotes using your own specific driver information and vehicle.
Illustration showing the impact of accidents and violations
The easiest method to receive the cheapest insurance prices in Milwaukee for a Highlander is to be a safe driver and avoid accidents and traffic citations. The illustration below shows how speeding tickets and at-fault accidents can affect auto insurance costs for each age group. The costs are based on a single male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of auto insurance in Milwaukee per year with a clean driving record and no accidents is $1,416. Receive one speeding ticket and the average cost hikes up to $1,596, an increase of $180 each year. Then include one accident along with the one speeding ticket and the annual cost of insurance for a Toyota Highlander goes up to an average of $2,092. That's an increase of $676, or $56 per month, just for not being a responsible driver!
Your low-price policy may be costing you money
Milwaukee, WI insurance rates are impacted by many factors that will increase or decrease the price you have to pay for coverage. Simply having a birthday, having a teen driver, or getting a driving violation can cause premium changes that can cause some rates to be more affordable than before.
Not only that, but companies change their prices without warning in order to remain profitable. A period of increased losses can cause additional premium costs, while less frequent claims can produce lower-cost Highlander insurance rates.
For example, the chart below shows which companies have the cheapest car insurance in Milwaukee, WI for a 45-year-old male driver with a good driving record, no prior claims, and a good credit history. If we look at prices based on his current rating profile, USAA quotes the most affordable car insurance rates in Milwaukee at $884 a year. This is $277 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Nationwide are the remaining most affordable Milwaukee, WI auto insurance companies.
In this next rate comparison, we will give the driver from the first example a claim, bad credit, and a blemish on his driving record. Since each company uses their own formula to determine rates, comparing rates most likely will result in a new list of the cheapest car insurance companies in Milwaukee as shown below.
Rural Mutual Insurance now has the best car insurance rate in Milwaukee, WI with Integrity Mutual, Western National, Travelers, and Partners Mutual now rounding out the top five. This demonstrates why it is critical to spend some time comparing rates to get the most budget-friendly auto insurance quotes for a Toyota Highlander. Insurance prices are determined by many risk factors and can change without notice, so the most economical option the last time you compared rates may now be an over-priced policy.