It’s safe to assume that car insurance companies don’t want you quoting rates from other companies. People who compare rates once a year are very likely to buy a different policy because the odds are good of finding a lower-priced policy. A recent survey revealed that drivers who shopped around annually saved about $850 each year compared to policyholders who didn’t regularly shop around.
If finding the best rates on Toyota Highlander insurance in Miami is the reason you’re here, then learning a little about how to shop for car insurance can help you succeed in finding affordable rates.
The easiest way to get cheaper Toyota Highlander insurance in Miami is to start doing a yearly price comparison from insurance carriers that sell auto insurance in Florida.
- First, try to learn about how your policy works and the things you can change to prevent expensive coverage. Many rating criteria that increase rates like speeding tickets, careless driving and a bad credit score can be amended by improving your driving habits or financial responsibility.
- Second, compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO and State Farm, while independent agencies can quote rates from multiple insurance companies.
- Third, compare the new rate quotes to your current policy premium to determine if switching companies saves money. If you can save some money and change companies, make sure coverage does not lapse between policies.
- Fourth, provide proper notification to your current company of your decision to cancel your current coverage. Submit a down payment and signed policy application to your new insurance company. When you receive it, put the new proof of insurance certificate along with your vehicle registration.
One important bit of advice is to make sure you enter the same amount of coverage on every quote and and to get prices from as many carriers as you can. This helps ensure an accurate price comparison and a complete price analysis.
Best companies for Toyota Highlander insurance
The auto insurance companies shown below have been selected to offer free quotes in Florida. If you want the best cheap auto insurance in Miami, FL, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.
Rates and detailed analysis
The coverage information displayed next outlines estimates of insurance premium costs for Toyota Highlander models. Understanding how insurance policy premiums are determined can be of help when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $156 | $238 | $400 | $24 | $120 | $938 | $78 |
| Highlander 4WD | $176 | $290 | $400 | $24 | $120 | $1,010 | $84 |
| Highlander Sport 4WD | $176 | $290 | $400 | $24 | $120 | $1,010 | $84 |
| Highlander SE 2WD | $176 | $290 | $400 | $24 | $120 | $1,010 | $84 |
| Highlander Sport 2WD | $176 | $290 | $400 | $24 | $120 | $1,010 | $84 |
| Highlander Limited 2WD | $196 | $342 | $400 | $24 | $120 | $1,082 | $90 |
| Highlander SE 4WD | $196 | $342 | $400 | $24 | $120 | $1,082 | $90 |
| Highlander Limited 4WD | $196 | $342 | $400 | $24 | $120 | $1,082 | $90 |
| Highlander Hybrid 4WD | $196 | $342 | $400 | $24 | $120 | $1,082 | $90 |
| Highlander Hybrid Limited 4WD | $196 | $342 | $400 | $24 | $120 | $1,082 | $90 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rates do not factor in specific garaging location which can alter premiums considerably.
Higher deductibles save money
When shopping for car insurance, a common question is which comprehensive and collision deductibles to buy. The figures shown below summarize the rate difference when you choose different comp and collision deductibles. The first set of rates uses a $250 deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $322 | $446 | $418 | $24 | $124 | $1,359 | $113 |
| Highlander 4WD | $364 | $544 | $418 | $24 | $124 | $1,499 | $125 |
| Highlander Sport 4WD | $364 | $544 | $418 | $24 | $124 | $1,499 | $125 |
| Highlander SE 2WD | $364 | $544 | $418 | $24 | $124 | $1,499 | $125 |
| Highlander Sport 2WD | $364 | $544 | $418 | $24 | $124 | $1,499 | $125 |
| Highlander Limited 2WD | $406 | $640 | $418 | $24 | $124 | $1,637 | $136 |
| Highlander SE 4WD | $406 | $640 | $418 | $24 | $124 | $1,637 | $136 |
| Highlander Limited 4WD | $406 | $640 | $418 | $24 | $124 | $1,637 | $136 |
| Highlander Hybrid 4WD | $406 | $640 | $418 | $24 | $124 | $1,637 | $136 |
| Highlander Hybrid Limited 4WD | $406 | $640 | $418 | $24 | $124 | $1,637 | $136 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $262 | $360 | $418 | $24 | $124 | $1,188 | $99 |
| Highlander 4WD | $296 | $438 | $418 | $24 | $124 | $1,300 | $108 |
| Highlander Sport 4WD | $296 | $438 | $418 | $24 | $124 | $1,300 | $108 |
| Highlander SE 2WD | $296 | $438 | $418 | $24 | $124 | $1,300 | $108 |
| Highlander Sport 2WD | $296 | $438 | $418 | $24 | $124 | $1,300 | $108 |
| Highlander Limited 2WD | $330 | $516 | $418 | $24 | $124 | $1,412 | $118 |
| Highlander SE 4WD | $330 | $516 | $418 | $24 | $124 | $1,412 | $118 |
| Highlander Limited 4WD | $330 | $516 | $418 | $24 | $124 | $1,412 | $118 |
| Highlander Hybrid 4WD | $330 | $516 | $418 | $24 | $124 | $1,412 | $118 |
| Highlander Hybrid Limited 4WD | $330 | $516 | $418 | $24 | $124 | $1,412 | $118 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific Miami garaging location which can influence auto insurance rates significantly.
Using the data above, we can ascertain that using a $250 deductible would cost the average driver about $17 more each month or $204 each year across all Toyota Highlander models than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have more than 15 months between claim filings, you would save money going with the higher deductible. The numbers below show how you can do this calculation yourself.
| Average monthly premium for $250 deductibles: | $129 |
| Average monthly premium for $500 deductibles (subtract): | – $112 |
| Monthly savings from raising deductible: | $17 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $17 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
An important thing to remember is that increasing deductibles to lower your rates means you will have to pay more out-of-pocket if you have a claim. You need enough disposable savings in the event you need to pay the deductible to have repairs made.
Lower Your Miami Insurance Prices
One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that help determine your insurance rates. When consumers understand what influences your rates, this allows you to make good choices that may reward you with cheaper rates.
- Excellent credit means lower prices – Your credit rating is a big factor in your rate calculation. Drivers who have excellent credit scores tend to be better risks to insure than drivers with lower credit ratings. So if your credit leaves room for improvement, you could pay less to insure your Toyota Highlander by repairing your credit.
- Better premiums on safer vehicles – Cars with high safety ratings get lower rates. Safer cars reduce occupant injuries and lower injury rates translates into fewer and smaller insurance claims and thus lower rates. If the Toyota Highlander has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
- Tough job may mean higher rates – Occupational choices like fire fighters, air traffic controllers, and dentists generally pay higher premium rates due to stressful work requirements and incredibly demanding work hours. On the flip side, careers such as farmers, engineers and performers have lower than average premiums.
- Use but don’t abuse your insurance – Insurance companies in Florida provide the lowest premiums to drivers who do not file claims often. If you file a lot of claims you can definitely plan on much higher rates or policy non-renewal. Your car insurance is designed for more catastrophic claims.
- The more you drive the more you pay – Driving a lot of miles every year the higher your rate. Most companies apply a rate based on how the vehicle is used. Cars and trucks that do not get driven very much can get a lower rate than vehicles that have high annual mileage. Improper usage on your Highlander may be wasting your money. Double check that your insurance declarations sheet reflects the right rating data, because improper ratings can cost you money.
- Deter theft and save – Buying a car with an alarm system can get you a discount on your insurance. Theft deterrent systems like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping your car from being stolen.
- Your location is important – Having an address in small towns and rural areas has definite advantages when insuring your vehicles. Fewer drivers and short commutes means reduced accidents as well as less vandalism and auto theft. Urban drivers have more road rage incidents and longer commute times. The longer drive time statistically corresponds to a higher accident and claim rate.
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Toyota Highlander claim data – Insurers analyze historical claim data to help calculate a profitable premium rate. Models that have higher loss trends will have higher rates for specific coverages. The table shown below demonstrates the insurance loss data used by companies for Toyota Highlander vehicles.
For each coverage type, the statistical loss for all vehicles averaged together equals 100. Percentages below 100 suggest losses that are better than average, while values over 100 point to more frequent losses or tendency to have larger claims.
Toyota Highlander Insurance Loss Statistics 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Get cheaper Toyota Highlander insurance rates in Miami
Auto insurance companies do not advertise every discount in an easy-to-find place, so the following list contains a few of the more well known as well as some of the hidden savings tricks you should be using when you buy Miami auto insurance online.
- Claim Free – Claim-free drivers are rewarded with significantly better rates on Miami auto insurance quote as compared to bad drivers.
- Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can get savings as much as 30%.
- Auto/Life Discount – Not all insurance carriers offer life insurance, but some may give you a discount if you purchase life insurance.
- First Accident Forgiveness – Not necessarily a discount, but a handful of insurance companies will let one accident slide without getting socked with a rate hike so long as you haven’t had any claims for a set time period.
- Pay Upfront and Save – If you pay your entire premium ahead of time as opposed to paying monthly you can avoid the installment charge.
- ABS and Traction Control Discounts – Cars equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
Please keep in mind that most discounts do not apply to all coverage premiums. Most only reduce specific coverage prices like medical payments or collision. Just because it seems like adding up those discounts means a free policy, nobody gets a free ride.
The example below illustrates the comparison of Toyota Highlander insurance costs with and without discounts. The data is based on a male driver, no claims or driving citations, Florida state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, homeowner, claim-free, and safe-driver discounts applied.
To see insurance companies that offer discounts in Florida, click here.
Getting quotes from local Miami insurance agents
A lot of people just want to get advice from a local agent and that is a smart decision One of the best bonuses of comparing rate quotes online is you can get cheap insurance rates and still choose a local agent. Putting coverage with local agents is definitely important in Miami.
To help locate an agent, after submitting this short form, your coverage information gets sent to insurance agents in Miami who will give competitive quotes and help you find cheaper coverage. It makes it easy because there is no need to search for an agent due to the fact that quote results will go to you instantly. Get lower rates and an insurance agent to talk to. If for some reason you want to compare rates from a specific insurance company, don’t hesitate to search and find their rate quote page and complete a quote there.
Best auto insurance agent in Miami
When narrowing the list to find an insurance agent, it can be helpful to understand the different types of agents that differ in how they can insure your vehicles. Agencies in Miami can either be exclusive or independent agents depending on their company appointments.
Independent Insurance Agencies or Brokers
These type of agents often have affiliation with several companies and that gives them the ability to insure with an assortment of companies and possibly get better coverage at lower prices. If your premiums go up, they can switch companies in-house without you having to go to a different agency. When comparing rates, you absolutely need to include at least one independent agent in order to have the best price comparison. Many write coverage with less well-known companies which can save you money.
Featured below are independent agents in Miami who may provide cheap rate quotes.
- All Security Insurance Agency, Inc.
373 N Royal Poinciana Blvd – Miami Springs, FL 33166 – (305) 887-9544 – View Map - Kahn Carlin Insurance
3350 S Dixie Hwy – Miami, FL 33133 – (305) 446-2271 – View Map - Miami Auto Insurance Agency
3132 NW 7th St – Miami, FL 33125 – (305) 649-1800 – View Map
Exclusive Insurance Agents
Exclusive agents write business for a single company and some examples include Farmers Insurance or State Farm. These agents are not able to shop your coverage around so they are skilled at selling on more than just price. Exclusive agents are highly trained on what they offer and that enables them to sell even at higher rates. Drivers often buy from the same agent for years mainly due to the prominent brand name and the convenience of having all coverages with one company.
Listed below is a list of exclusive insurance agencies in Miami who can help you get price quote information.
- Rick Gonzalez – State Farm Insurance Agent
8830 Coral Way – Miami, FL 33165 – (305) 226-3412 – View Map - Allstate Insurance: Eduardo Ferraz
1110 Brickell Ave Ste 105 – Miami, FL 33131 – (305) 379-3666 – View Map - Gus Figueredo – State Farm Insurance Agent
7950 W Flagler St #103 – Miami, FL 33144 – (305) 262-0440 – View Map
Deciding on an car insurance agent requires more thought than just the quoted price. Any agent in Miami should be willing to answer these questions.
- Are they properly licensed to sell insurance in Florida?
- Are they paid to recommend certain coverages?
- By raising physical damage deductibles, how much would you save?
- Is the agency active in community causes in Miami?
- Which members of your family are coverage by the policy?
- Is there a local claims center in Miami?
Compare. Compare. Compare.
In this article, we presented a lot of information how to compare Toyota Highlander insurance rates in Miami. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding cheaper Miami auto insurance quotes. Consumers may even find the lowest rates are with a company that doesn’t do a lot of advertising.
Insureds leave their current company for any number of reasons including being labeled a high risk driver, poor customer service, high prices and not issuing a premium refund. No matter why you want to switch, choosing a new company is pretty easy and you might even save some money in the process.
Cost effective Toyota Highlander insurance can be bought on the web as well as from insurance agents, and you need to comparison shop both to have the best selection. Some companies do not provide price quotes online and usually these smaller companies only sell through local independent agents.
Other articles
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- Who Has Cheap Auto Insurance for Business Use in Miami? (FAQ)
- How Much is Miami Car Insurance for Teenage Males? (FAQ)
- Understanding Limits and Deductibles (Allstate)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)