Surprisingly, a recent survey revealed that nearly 70% of customers have bought auto insurance from the same company for at least four years, and 38% of drivers have never taken the time to shop around. With the average premium in the U.S. being $1,847, drivers can save nearly 47% each year just by shopping around, but they just don’t understand how easy it is to shop around.
If you want to find the absolute lowest rates, then the best way to get discount auto insurance rates in Jacksonville is to do a yearly price comparison from insurance carriers in Florida.
Step 1: Try to learn about individual coverages and the factors you can control to drop your rates. Many rating factors that increase rates such as at-fault accidents and a low credit score can be amended by making minor driving habit or lifestyle changes. This article provides additional tips to get cheaper rates and find possible discounts that are available.
Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from one company like GEICO or State Farm, while agents who are independent can provide price quotes for many different companies.
Step 3: Compare the new rate quotes to your existing coverage to see if switching to a new carrier will save money. If you find better rates and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Give proper notification to your current agent or company to cancel the current policy. Submit a down payment along with a completed application to the new company. Once received, store the certificate of insurance with the vehicle registration.
The key aspect of shopping around is to try to compare the same physical damage deductibles and liability limits on each price quote and to quote with as many different companies as possible. This helps ensure a fair rate comparison and maximum price selection.
If you already have coverage or are looking for a new policy, you will benefit by learning to get lower rates while maintaining coverages. Comparing rates for affordable policy in Jacksonville is easy to do. Consumers just have to use the quickest method to get comparison rates from many companies at once.
Quote Jacksonville Toyota Highlander insurance online
Reducing your Toyota Highlander insurance rates is actually easier than you may think. The only requirement is to invest a few minutes getting comparison quotes from some recommended companies.
The companies in the list below are ready to provide comparison quotes in Jacksonville, FL. If the list has multiple companies, it’s highly recommended you visit two to three different companies to get the best price comparison.
Toyota Highlander insurance coverage information
The rate table shown below highlights detailed analysis of insurance coverage prices for Toyota Highlander models. Understanding how insurance prices are established can be valuable when making informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$312||$560||$472||$28||$142||$1,514||$126|
|Highlander SE 2WD||$312||$560||$472||$28||$142||$1,514||$126|
|Highlander Sport 2WD||$312||$560||$472||$28||$142||$1,514||$126|
|Highlander Limited 2WD||$348||$660||$472||$28||$142||$1,650||$138|
|Highlander SE 4WD||$348||$660||$472||$28||$142||$1,650||$138|
|Highlander Limited 4WD||$348||$660||$472||$28||$142||$1,650||$138|
|Highlander Hybrid 4WD||$348||$660||$472||$28||$142||$1,650||$138|
|Highlander Hybrid Limited 4WD||$348||$660||$472||$28||$142||$1,650||$138|
|Get Your Own Custom Quote Go|
Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium amounts do not factor in specific garaging location which can lower or raise price quotes considerably.
The example below highlights how deductible choice and can influence Toyota Highlander insurance costs for different age groups. The data assumes a single male driver, comp and collision included, and no other discounts are factored in.
Toyota Highlander full coverage rates compared to liability only
The illustration below compares Toyota Highlander insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The data assumes a clean driving record, no at-fault accidents, $250 deductibles, single status, and no additional discounts are factored in.
When to drop comprehensive and collision
There is no specific rule that is best for determining when to drop comp and collision coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s assume your Toyota Highlander settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $5,000 after paying the physical damage deductible. If you are currently paying more than $500 annually for full coverage, then it may be the right time to buy liability only.
There are some cases where removing full coverage is not a good plan. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not remove full coverage.
Why you need insurance for your Highlander
Despite the high cost, insurance is not optional due to several reasons.
- Just about all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability coverage in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Toyota with a loan, most banks will require that you have insurance to guarantee loan repayment. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Toyota for a much higher rate and require you to pay a much higher amount than you were paying before.
- Insurance protects both your assets and your car. It also can pay for medical expenses for yourself as well as anyone injured by you. Liability insurance also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of carrying adequate insurance more than offset the price you pay, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is wasting up to $820 a year so compare rates at every policy renewal to make sure the price is not too high.
Lower Your Jacksonville Insurance Prices
The best way to find cheaper car insurance is to take a look at the different types of things that help calculate the rates you pay for car insurance. If you know what determines premiums, this enables informed choices that will entitle you to cheaper rates. Many factors are taken into consideration when premium rates are determined. Some are obvious like a motor vehicle report, although others are more transparent such as your credit history and annual miles driven.
File a insurance claims and pay more – Auto insurance companies in Florida award the lowest premiums to drivers who are not frequent claim filers. If you are the type of insured that files lots of claims you can definitely plan on higher rates. Your insurance policy is designed for larger claims.
Extra coverages that aren’t used – Insurance policies have a lot of extra add-on coverages that can add up if you don’t pay attention. Coverages like roadside assistance, high-cost glass coverage, and extra equipment coverage are examples of these. These may sound like a good investment when deciding what coverages you need, but if you don’t need them think about removing them and cutting costs.
Which gender costs less? – Statistics show that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Women and men cause auto accidents in similar numbers, but the men tend to have more serious accidents. Not only that, but men also have more aggressive citations such as DWI and reckless driving. Males from age 16 to 21 tend to get in the most accidents and thus pay the highest rates.
The illustration below illustrates the difference between Toyota Highlander yearly insurance costs for male and female drivers. The premiums are based on no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
Liability coverage risk factors – The liability coverage on your policy will afford coverage if a jury decides you are liable for causing personal injury or damage in an accident. Liability insurance provides you with a defense in court which can cost thousands of dollars. Liability insurance is pretty cheap compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Lower rates with a multi-policy discount – The majority of insurance companies give lower prices to customers who carry more than one policy in the form of a multi-policy discount. Even if you’re getting this discount consumers should still compare other company rates to help guarantee you have the best rates.There is a chance you can save even more by buying from different companies
Married people drive safer – Having a wife or husband helps lower the price compared to being single. It generally demonstrates drivers are more mature and insurance companies reward insureds because drivers who are married are more cautious.
Five star IIHS safety rating saves money – Vehicles that have high safety ratings are cheaper to insure. Vehicles engineered for safety reduce the chance of injuries and lower injury rates translates into savings for insurance companies which can result in lower premiums. If your Toyota has at least four stars on Safercar.gov you are probably receiving a discount.
Insurance loss data for a Toyota Highlander – Companies take into consideration historical loss data for every vehicle to help calculate premium costs. Vehicles that have higher number or severity of losses will cost more to insure.
The information below illustrates the historical insurance loss data for Toyota Highlander vehicles. For each coverage category, the claim probability for all vehicles, regardless of make or model, is set at 100. Numbers under 100 indicate better than average losses, while percentage values above 100 point to more losses or statistically larger losses.
|Vehicle 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|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What insurance coverages do I need?
When quoting and choosing adequate coverage for your vehicles, there is no best way to insure your cars. Your situation is unique.
These are some specific questions could help you determine whether your personal situation could use an agent’s help.
- Does my Toyota Highlander need full coverage?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Does my insurance cover my expensive audio equipment?
- Do I need motorclub coverage?
- Which companies are cheaper for teen drivers?
- Are my custom wheels covered?
- Should I get collision insurance on every vehicle?
- Do they offer discounts for home and auto coverage?
- Who sells insurance for high-risk drivers?
If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form. It’s fast, free and may give you better protection.
What is YOUR best insurance company?
While you’re price shopping online, do not skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped liability limits or collision coverage and learned later they didn’t have enough coverage. Your strategy should be to buy enough coverage at the best price.
Insureds who switch companies do it for a variety of reasons including not issuing a premium refund, high rates after DUI convictions, policy cancellation or an unsatisfactory settlement offer. It doesn’t matter what your reason, choosing a new company is easier than you think.
We’ve covered many tips how you can shop for Toyota Highlander insurance online. The most important thing to understand is the more rate quotes you have, the better your comparison will be. Drivers may even discover the best price on insurance is with a lesser-known regional company.
Additional insurance information is located on the following sites:
- Comprehensive Coverage (Liberty Mutual)
- How Much are Auto Insurance Rates for Retired Military in Jacksonville? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Drivers with a DUI in Jacksonville? (FAQ)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Neck Injury FAQ (iihs.org)