Best Insurance for a Toyota Highlander in Madison

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Insurance rates Toyota Highlander in MadisonThe easiest way to get affordable car insurance rates in Madison is to compare prices once a year from providers who provide car insurance in Wisconsin. You can compare prices by completing these steps.

  • First, gain an understanding of the coverage provided by your policy and the factors you can control to prevent high rates. Many factors that are responsible for high rates like traffic violations, accidents, and an unacceptable credit rating can be eliminated by being financially responsible and driving safely.
  • Second, request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like Progressive and State Farm, while agents who are independent can quote rates from multiple insurance companies.
  • Third, compare the new rate quotes to the price on your current policy to see if cheaper Highlander coverage is available. If you find better rates and decide to switch, make sure there is no coverage gap between policies.

A valuable tip to remember is to make sure you're comparing similar limits and deductibles on each price quote and and to get price estimates from every insurance company. This guarantees an accurate price comparison and maximum price selection.

Statistics show that the majority of drivers renewed their policy with the same company for well over three years, and just short of a majority have never compared rates from other carriers. Drivers in Madison could pocket roughly 30% a year just by getting comparison quotes, but most undervalue the rate savings if they swap their current policy for a cheaper one.

Locating the most cost-effective auto insurance policy in Madison is quite easy if you know the best way to do it. In a nutshell, each driver who wants cheaper auto insurance will probably find better rates. Nevertheless, Wisconsin drivers must learn the methods companies use to calculate your auto insurance rates because it varies considerably.

When looking for inexpensive Madison auto insurance quotes, there are a couple ways to compare rate quotes from many auto insurance companies in Wisconsin. The easiest way by far to compare Toyota Highlander insurance prices involves getting comparison quotes online. When quoting auto insurance, remember that more quotes will improve the odds of getting the best price.

The companies in the list below provide price quotes in Wisconsin. If multiple companies are listed, we recommend you visit two to three different companies to get the best price comparison.

Toyota Highlander coverage statistics

The rate table shown below covers estimates of insurance policy prices for Toyota Highlander models. Having a good grasp of how insurance prices are calculated can assist in making decisions on which coverage to buy.

Toyota Highlander Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $178 $246 $230 $14 $68 $736 $61
Highlander 4WD $200 $300 $230 $14 $68 $812 $68
Highlander Sport 4WD $200 $300 $230 $14 $68 $812 $68
Highlander SE 2WD $200 $300 $230 $14 $68 $812 $68
Highlander Sport 2WD $200 $300 $230 $14 $68 $812 $68
Highlander Limited 2WD $224 $352 $230 $14 $68 $888 $74
Highlander SE 4WD $224 $352 $230 $14 $68 $888 $74
Highlander Limited 4WD $224 $352 $230 $14 $68 $888 $74
Highlander Hybrid 4WD $224 $352 $230 $14 $68 $888 $74
Highlander Hybrid Limited 4WD $224 $352 $230 $14 $68 $888 $74
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price information does not factor in zip code location which can revise auto insurance rates significantly.

Choosing deductibles

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The following tables can help show the price difference between low and high deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second rate chart uses a $500 deductible.

Toyota Highlander insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $178 $246 $230 $14 $68 $761 $63
Highlander 4WD $200 $300 $230 $14 $68 $837 $70
Highlander Sport 4WD $200 $300 $230 $14 $68 $837 $70
Highlander SE 2WD $200 $300 $230 $14 $68 $837 $70
Highlander Sport 2WD $200 $300 $230 $14 $68 $837 $70
Highlander Limited 2WD $224 $352 $230 $14 $68 $913 $76
Highlander SE 4WD $224 $352 $230 $14 $68 $913 $76
Highlander Limited 4WD $224 $352 $230 $14 $68 $913 $76
Highlander Hybrid 4WD $224 $352 $230 $14 $68 $913 $76
Highlander Hybrid Limited 4WD $224 $352 $230 $14 $68 $913 $76
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Toyota Highlander insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $144 $198 $230 $14 $68 $654 $55
Highlander 4WD $164 $242 $230 $14 $68 $718 $60
Highlander Sport 4WD $164 $242 $230 $14 $68 $718 $60
Highlander SE 2WD $164 $242 $230 $14 $68 $718 $60
Highlander Sport 2WD $164 $242 $230 $14 $68 $718 $60
Highlander Limited 2WD $182 $284 $230 $14 $68 $778 $65
Highlander SE 4WD $182 $284 $230 $14 $68 $778 $65
Highlander Limited 4WD $182 $284 $230 $14 $68 $778 $65
Highlander Hybrid 4WD $182 $284 $230 $14 $68 $778 $65
Highlander Hybrid Limited 4WD $182 $284 $230 $14 $68 $778 $65
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Estimates do not factor in your specific Madison location which can lower or raise auto insurance rates significantly.

We can estimate from the data above that using a $250 deductible costs about $10 more each month or $120 each year than opting for the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 25 months between claims, you would save more money by selecting a higher deductible. The numbers below show a better example of how this decision is made.

Average monthly premium for $250 deductibles: $72
Average monthly premium for $500 deductibles (subtract): - $62
Monthly savings from raising deductible: $10
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $10
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

Impact of careless driving on car insurance rates

The illustration below demonstrates how citations and accidents raise Toyota Highlander premium costs for different ages of insureds. The data is based on a married female driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.

Buying the right Toyota vehicle insurance in Wisconsin is an important decision

Despite the high insurance cost for a Toyota Highlander in Madison, buying car insurance may be mandatory for several reasons.

First, almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to drive the car. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your vehicle has a lienholder, almost all lenders will force you to have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank will be required to insure your Toyota for a much higher rate and require you to fork over for the expensive policy.

Third, insurance safeguards both your Toyota Highlander and your personal assets. It will also cover all forms of medical expenses incurred in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.

The benefits of insuring your Highlander more than offset the price you pay, especially with large liability claims. As of last year, the average driver in Wisconsin is overpaying more than $850 per year so compare rate quotes at every policy renewal to ensure rates are inline.

Decisions You Make Can Impact Your Insurance Rates

Many things are part of the calculation when you quote your car insurance policy. Some are obvious like an MVR report, but others are more obscure such as whether you are married and annual miles driven.

Shown below are a few of the "ingredients" utilized by car insurance companies to help set your rate level.

Improve your credit rating - Your credit score can be an important factor in determining your rates. If your credit score is low, you could save money insuring your Toyota Highlander by repairing your credit. Drivers who have excellent credit scores tend to be better drivers and file fewer claims than those with lower ratings.

High stress occupation may mean higher rates - Did you know that where you work can have an impact on rates? Careers such as fire fighters, architects, and emergency personnel usually pay higher premiums than the average policyholder attributed to high stress levels and lots of time spent away from family. On the flip side, professions such as farmers, athletes and performers have lower than average premiums.

Long commutes cost more - The higher the miles on your Toyota annually the more you'll pay to insure it. A lot of insurance companies apply a rate based on their usage. Vehicles that do not get driven very much can be on a lower rate level than those that get driven frequently. Having an incorrect usage rating on your Highlander is throwing money out the window. It's a good idea to make sure your insurance policy reflects the right rating data, because it can save money.

Discounts for auto and home policies - Many companies will give better rates to insureds who consolidate policies with them such as combining an auto and homeowners policy. If you currently are using one company, drivers will still want to compare Toyota Highlander rates in Madison to make sure you are getting the best deal.

Gender and insurance coverage costs - Statistics have proven that women are safer drivers than men. The data does not necessarily mean that females are better at driving than males. Women and men are responsible for accidents in similar numbers, but guys tend to have higher claims. They also get ticketed for serious violations such as DWI and reckless driving.

The information below illustrates the comparison of Toyota Highlander insurance prices for male and female drivers. The costs are based on no claims or driving citations, full coverage, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

Age of drivers - More experienced drivers tend to be more responsible, tend to cause fewer accidents, and get fewer tickets. Drivers with little experience tend to get distracted easily behind the wheel so insurance rates are higher.

The next chart is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

Liability protection is peace of mind - Your policy's liability coverage is the coverage that protects you in the event that you are determined to be liable for damages caused by your negligence. This coverage provides you with a defense in court to attempt to prove you were not liable. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should carry high limits.

Toyota Highlander insurance loss probability - Car insurance companies use past insurance losses as a tool for profitable underwriting. Models that the statistics show to have higher number or severity of losses will have a higher premium rate. The table shown below demonstrates the actual insurance loss data for Toyota Highlander vehicles.

For each type of coverage, the statistical loss for all vehicles, as a total average, is set at 100. Numbers under 100 suggest a better than average loss history, while percentage values above 100 point to more losses or an increased likelihood of larger losses.

Toyota Highlander Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Highlander 4dr 2WD 88 82 94 94 78 75
Toyota Highlander 4dr 4WD 95 86 117 88 74 78
Toyota Highlander Hybrid 4dr 4WD 111 143
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Do you qualify for discounts?

Insurance is not an enjoyable expense, but you might be missing out on some discounts that many people don't even know exist. Many discounts should be triggered at the time of purchase, but less common discounts must be inquired about prior to receiving the credit.Save money with discounts

  • Payment Method - By paying your policy upfront rather than paying in monthly installments you could save up to 5%.
  • Driving Data Discount - Madison drivers who agree to allow driving data collection to monitor vehicle usage by installing a telematics device such as State Farm's In-Drive could save a few bucks if their driving habits are good.
  • Lower Rates for Military - Being on active duty in the military may qualify for rate reductions.
  • Multi-policy Discount - When you combine your home and auto insurance with one company you could earn a discount of up to 20% off your total Highlander insurance premium.
  • E-sign - Some of the larger companies will discount your bill up to fifty bucks for buying your policy online.
  • Discounts for Seat Belt Usage - Buckling up and requiring all passengers to use their safety belts can save 10% or more off PIP or medical payments premium.
  • Accident Free - Drivers with accident-free driving histories have much lower rates in comparison to policyholders that have many claims.
  • Anti-lock Brake System - Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions so you can save 10 percent or more.
  • Driver's Education for Students - Require your teen driver to participate in a local driver's education class in school.
  • Life Insurance Discount - Insurance carriers who offer life insurance give a discounted premium rate on car insurance if you buy a life policy as well.

Consumers should know that most discounts do not apply to all coverage premiums. Most cut the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you can get free auto insurance, nobody gets a free ride. But any discount should definitely cut the cost of your policy.

The diagram below shows the difference between Toyota Highlander auto insurance costs with and without discounts. The prices are based on a female driver, no violations or accidents, Wisconsin state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, multi-policy, homeowner, marriage, and safe-driver discounts applied.

A list of companies and a summarized list of policyholder discounts are included below.

  • GEICO may offer discounts for membership and employees, air bags, federal employee, seat belt use, multi-vehicle, and daytime running lights.
  • MetLife policyholders can earn discounts including multi-policy, good student, claim-free, accident-free, and defensive driver.
  • State Farm may have discounts that include Drive Safe & Save, multiple policy, anti-theft, accident-free, good student, defensive driving training, and good driver.
  • Progressive offers discounts including continuous coverage, online signing, multi-vehicle, multi-policy, and good student.
  • Mercury Insurance may include discounts for annual mileage, anti-theft, age of vehicle, type of vehicle, location of vehicle, and multi-policy.
  • 21st Century includes discounts for automatic seat belts, teen driver, defensive driver, early bird, anti-lock brakes, and driver training.
  • Allstate has discounts for passive restraint, FullPay discount, premier discount, resident student, senior citizen, safe driver, and eSmart discount.

If you need lower rates, check with each company what discounts are available to you. Some of the earlier mentioned discounts may not apply in every state. If you would like to view insurers with significant discounts in Madison, click here to view.

Neighborhood insurance agents

A lot of people just prefer to sit down with an agent and that is not a bad decision A nice benefit of getting free rate quotes online is the fact that you can find lower premium rates but still work with a licensed agent.

Insurance agency in MadisonAfter filling out this simple form, the quote information is submitted to local insurance agents in Madison who will give you bids and help you find cheaper coverage. It makes it easy because there is no need to do any legwork since price quotes are sent to you. You can find better rates and a licensed agent to talk to. If you have a need to get a price quote from a specific insurance company, feel free to visit that company's website and submit a quote form there.

Finding the right insurance company shouldn't rely on just the bottom line cost. Any agent in Madison should be forthright in answering these questions:

  • Is the agent properly licensed in Wisconsin?
  • How long has the business existed?
  • What is the agency's Better Business Bureau rating?
  • Are they full-time agents?
  • When do they do a full risk review?
  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?

Car insurance agents in Madison come in two varieties

If you need to find local Madison agents, you should know the types of agencies and how they can quote your rates. Car insurance agents in Madison are classified as either independent or exclusive.

Exclusive Car Insurance Agents

Exclusive insurance agents can only write with one company and examples are American Family, State Farm, and Allstate. These agents are unable to shop your coverage around so they really need to provide good service. Exclusive insurance agents receive extensive training on their products and sales techniques which aids in selling service over price. Some insured continue to buy insurance from these agents mostly because of the brand legacy rather than low rates.

Below are Madison exclusive insurance agencies that can give you price quote information.

More Madison agents

Independent Car Insurance Agencies

Agents that elect to be independent often have affiliation with several companies and that is an advantage because they can write policies through many different car insurance companies and find you cheaper rates. If they find a lower price, they simply move your policy to a different company and you don't have to find a new agent.

When shopping rates, we highly recommend that you include a few independent agents in order to have the best price comparison. Most independent agents also contract with less well-known companies which may have better rates.

Shown below is a short list of independent agencies in Madison that can give you comparison quotes.

More Madison agents

After you get answers to your satisfaction to all your questions as well as cheaper Highlander insurance quotes, it's a good possibility that you have found an insurance agency that can be trusted to provide car insurance coverage. Keep in mind consumers can cancel a policy at any point so don't think that you're stuck with a policy for the full term.

Cheaper rates are available

More affordable car insurance in Madison is available both online as well as from insurance agents, so get free Madison auto insurance quotes from both of them to have the best selection. Some insurance companies may not have price quotes online and usually these small, regional companies work with independent agencies.

When buying insurance coverage, make sure you don't reduce needed coverages to save money. There have been many cases where drivers have reduced uninsured motorist or liability limits and found out when filing a claim that the savings was not a smart move. The aim is to buy enough coverage at an affordable rate while not skimping on critical coverages.

We just covered some good ideas how you can compare Toyota Highlander insurance rates in Madison. The most important thing to understand is the more times you quote, the better likelihood of getting affordable Madison auto insurance quotes. Drivers may even discover the best rates are with a smaller regional carrier.

Even more information can be found by following these links: