Finding the best cheap car insurance for a Toyota Highlander in Michigan is pretty easy for most people to do, but it hinges on many rating factors such as age of the driver, the condition of your credit, and driving violations. Drivers in Michigan will pay around $2,092 each year for Highlander insurance, but that cost is an approximation based on a 50-year-old single male driver with both comprehensive and collision coverage and $500 deductibles.
More likely than not, you’re not a 50-year-old male, maybe you are married instead of single, or you just want cheap liability insurance instead of full coverage. This example demonstrates why the only real way to find the cheapest insurance price for your Toyota is to do your own rate comparisons. Quotes only take a couple of minutes and you will get price quotes from top-rated car insurance companies that insure Toyota vehicles in Michigan.
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The specific trim level tends to impact the cost of insurance, so the price you will be charged to insure a Highlander 2WD will be $362 lower than the insurance cost for the high end Highlander Hybrid Limited 4WD model, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $374 | $614 | $780 | $46 | $234 | $2,048 | $171 |
| Highlander 4WD | $422 | $746 | $780 | $46 | $234 | $2,228 | $186 |
| Highlander Sport 4WD | $422 | $746 | $780 | $46 | $234 | $2,228 | $186 |
| Highlander SE 2WD | $422 | $746 | $780 | $46 | $234 | $2,228 | $186 |
| Highlander Sport 2WD | $422 | $746 | $780 | $46 | $234 | $2,228 | $186 |
| Highlander Limited 2WD | $470 | $880 | $780 | $46 | $234 | $2,410 | $201 |
| Highlander SE 4WD | $470 | $880 | $780 | $46 | $234 | $2,410 | $201 |
| Highlander Limited 4WD | $470 | $880 | $780 | $46 | $234 | $2,410 | $201 |
| Highlander Hybrid 4WD | $470 | $880 | $780 | $46 | $234 | $2,410 | $201 |
| Highlander Hybrid Limited 4WD | $470 | $880 | $780 | $46 | $234 | $2,410 | $201 |
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rates do not factor in garaging location in Detroit which can alter coverage rates considerably.
Choosing a good quality car insurance company can be rather challenging considering how many different companies there are to choose from in Detroit. The company ratings in the lists below could help you decide which companies you want to consider when looking for cheaper rates.
These rankings include insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Michigan or surrounding areas will not be included in this list. To get price quotes from these and other competitive companies, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| 21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
| Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
| AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
| Nationwide | 71 | 90 | 93 | 83% | A+ | 84.9 |
| Allstate | 69 | 92 | 92 | 83% | A+ | 84.4 |
| American Family | 77 | 96 | 80 | 85% | A | 83.8 |
| Esurance | 70 | 80 | 89 | 77% | A+ | 79.2 |
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Data Source: Insure.com Best Car Insurance Companies
How to get discounts on Detroit insurance rates
Car insurance companies that offer quotes for a Toyota Highlander may also provide special discounts that can reduce rates by 40% or more if you are eligible to receive them. Companies and a partial list of their discounts are shown below.
- State Farm may have discounts that include defensive driving training, accident-free, good driver, Steer Clear safe driver discount, safe vehicle, and Drive Safe & Save.
- GEICO may offer discounts for seat belt use, air bags, good student, five-year accident-free, anti-theft, daytime running lights, and multi-vehicle.
- Allstate policyholders can earn discounts including passive restraint, resident student, teenSMART discount, anti-lock brakes, and economy car.
- SAFECO discounts include accident prevention training, multi-car, anti-lock brakes, teen safety rewards, bundle discounts, and drive less.
- Farm Bureau offers discounts for multi-policy, youthful driver, safe driver, multi-vehicle, 55 and retired, driver training, and renewal discount.
- Progressive offers discounts including good student, homeowner, continuous coverage, online signing, online quote discount, and multi-policy.
- AAA has savings for good driver, good student, multi-car, pay-in-full, multi-policy, and education and occupation.
The illustration below illustrates the difference between insurance premiums with and without some available policy discounts. The premium estimates are based on a male driver, no claims or driving violations, Michigan state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with marriage, multiple vehicle, accident-free, vehicle safety, homeowner, and anti-theft discounts applied. In this example, the average amount saved each year on car insurance for a Toyota Highlander is 28% or $1,443.
Should you buy full coverage?
Saving money on car insurance is probably important to the majority of vehicle owners, and one good way to find cheaper insurance for a Toyota Highlander is to not buy comprehensive and collision coverage. The chart below illustrates the difference between insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no tickets, no at-fault accidents, $500 deductibles, single status, and no additional discounts are factored in.
As an average, physical damage insurance costs an additional $4,205 per year more than just buying liability insurance. That proposes the question when is it a good idea to stop buying full coverage. There is no written rule of when to exclude comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s say your vehicle’s book value is $6,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,500 after the policy deductible has been paid. If premium cost is more than $550 annually for full coverage, the it may be a good time to stop paying for full coverage.
Ideas for buying cheaper car insurance for a Toyota Highlander
Below you’ll find some of the recommended money-saving ideas that can help drivers quote lower-cost coverage.
- Increase physical damage deductibles
- Accidents can significantly increase rates
- Do not get traffic violations
- Drop full coverage on older vehicles
- Earn discounts for being claim-free
- Shop around for lower rates once a year
The last item on the list is especially crucial, as was pointed out in the prior article. Prices charged by car insurance companies adjust frequently, so don’t be afraid to buy a policy from a new company if you find a cheaper price. Having a favorite company is great, but it isn’t a good idea if that devotion results in you overpaying a small fortune year after year. Now is a great time to compare rates to find cheaper insurance for a Toyota Highlander in Detroit.