2002 Toyota Highlander Insurance Rates

Are you a victim of an underperforming, overpriced insurance policy? Trust us, there are a lot of people just like you who feel imprisoned by their insurance policy.

There are many auto insurance companies to pick from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to find the lowest rates.

It’s important to check insurance prices occasionally since insurance rates are variable and change quite frequently. Just because you had the best rates for Highlander coverage a few years ago there may be better deals available now. So just block out anything you think you know about insurance because you’re going to learn how to use online quotes to properly buy coverages and cut your premium.

Discounts are basically free money

Car insurance companies don’t always advertise every available discount very well, so the following is a list of both the well known and the more hidden savings tricks you should be using.

  • Homeowners Pay Less – Owning a house may earn you a small savings because of the fact that having a home demonstrates responsibility.
  • Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates for Highlander coverage than their less cautious counterparts.
  • Employee of Federal Government – Simply working for the federal government can save as much as 8% for Highlander coverage depending on your company.
  • Early Signing – Select companies give a discount for buying a policy before your current policy expires. This can save 10% or more.
  • Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
  • Student Driver Training – Have your child successfully complete driver’s ed class in high school.
  • Multiple Vehicles – Buying insurance for multiple vehicles with the same company qualifies for this discount.
  • Service Members Pay Less – Having a family member in the military can result in better rates.

It’s important to note that most discounts do not apply to the entire policy premium. Some only reduce individual premiums such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, companies don’t profit that way.

Companies that may offer these discounts are:

It’s a good idea to ask each company what discounts are available to you. Some discounts may not apply in every state.

Auto Insurance Comparisons

There are a lot of ways you can shop for auto insurance and some are easier and takes less work. You could spend the better part of a day discussing policy coverages with insurance companies in your area, or you can utilize the web to quickly compare rates.

Most car insurance companies are enrolled in a marketplace that allows shoppers to enter their coverage request one time, and at least one company returns a competitive quote based on the submitted data. This saves time by eliminating quote forms to each individual auto insurance company.

To compare pricing click to open in new window.

The one downside to getting quotes like this is that you can’t choose which carriers to receive prices from. If you would rather choose from a list of companies to compare, we have a listing of the cheapest auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just make absolute certain that you use exactly the same coverage limits and deductibles with every price quote. If you are comparing unequal deductibles or liability limits then you won’t be able to decipher which rate is best. Having just a slight variation in coverage limits can result in a big premium difference. Just keep in mind that more quotes will improve the odds of getting a lower rate.

Which insurance is the “right” coverage?

When choosing adequate coverage for your personal vehicles, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help highlight if your situation would benefit from an agent’s advice.

  • Do I need PIP (personal injury protection) coverage in my state?
  • Will filing a claim cost me more?
  • Is pleasure use cheaper than using my 2002 Toyota Highlander to commute?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Do I need added coverage for expensive stereo equipment?
  • Are rock chip repairs covered?
  • Am I covered if I break a side mirror?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What is medical payments coverage?
  • What are the best liability limits?

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Specific coverages for a Toyota Highlander

Having a good grasp of a car insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types available from car insurance companies.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for short-term medical expenses for chiropractic care, rehabilitation expenses, ambulance fees and hospital visits. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage

This will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as rock chips in glass, vandalism and hail damage. The most your car insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for collisions

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as sustaining damage from a pot hole, driving through your garage door, hitting a parking meter and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Auto liability insurance

Liability coverage will cover damage or injury you incur to other’s property or people that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against claims like funeral expenses, attorney fees, pain and suffering and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

The bottom line

In this article, we covered a lot of tips how to compare 2002 Toyota Highlander insurance prices online. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding lower rates. You may even find the best price on insurance coverage is with a smaller regional carrier. They often have lower prices on specific markets compared to the large companies like Allstate or State Farm.

When trying to cut insurance costs, don’t be tempted to skimp on critical coverages to save a buck or two. There are many occasions where an insured cut liability coverage limits only to regret at claim time that it was a big error on their part. Your goal should be to purchase plenty of coverage at the best price, not the least amount of coverage.

Additional insurance coverage information is available on the following sites: