Save Money on Toyota Highlander Insurance in Baltimore

How many times have you told yourself to find cheaper Toyota Highlander insurance in Baltimore? Overpriced insurance in Baltimore can take a big chunk out of your checking account and require stricter spending habits. Comparing cost estimates is an excellent way to reduce premiums and put more money in your pocket.

Insurance quote for Toyota Highlander in BaltimoreIt’s well known that auto insurance companies don’t want their policyholders to compare prices. People who shop around at least once a year are very likely to buy a new policy because there is a high probability of finding a more affordable policy premium. A study showed that people who compared rates annually saved on average $72 a month compared to those who never shopped around for lower prices.

If finding budget-friendly car insurance in Baltimore is your intention, then learning about how to shop and compare cheaper coverage can make the process more efficient.

Steps to buying low-cost Toyota Highlander insurance in Baltimore

If saving money is your primary concern, then the best way to find cheaper quotes for car insurance rates in Baltimore is to compare prices at least once a year from insurers who can sell car insurance in Maryland. This can be done by completing these steps.

  1. Get a basic knowledge of how insurance works and the changes you can make to keep rates low. Many risk factors that are responsible for high rates such as accidents, traffic tickets, and a negative credit rating can be remedied by making minor changes to your lifestyle. This article provides instructions to help keep rates affordable and find additional discounts you may qualify for.
  2. Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes from multiple sources. View rates
  3. Compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.
  4. Give proper notification to your current agent or company of your decision to cancel your current policy. Submit a signed application and payment to your new company or agent. As soon as you can, keep the new certificate verifying coverage along with your vehicle registration.

One bit of advice is to make sure you enter the same coverage limits and deductibles on every quote and and to compare as many different insurance providers as possible. This helps ensure a level playing field and the best price quote selection.

Multiple insurers compete for your business, and it can be difficult to compare rates to discover the definitive lowest price on Toyota Highlander insurance in Baltimore.

Best companies for Toyota Highlander insurance

The companies shown below are our best choices to provide free quotes in Baltimore, MD. To buy the best car insurance in Maryland, it’s highly recommended you click on several of them in order to get a fair rate comparison.

Car insurance analysis for a Toyota Highlander

The rate information shown below showcases different prices for Toyota Highlander models. Having a better idea how policy rates are calculated can aid in making informed decisions.

Toyota Highlander Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $318 $478 $418 $24 $126 $1,364 $114
Highlander 4WD $358 $580 $418 $24 $126 $1,506 $126
Highlander Sport 4WD $358 $580 $418 $24 $126 $1,506 $126
Highlander SE 2WD $358 $580 $418 $24 $126 $1,506 $126
Highlander Sport 2WD $358 $580 $418 $24 $126 $1,506 $126
Highlander Limited 2WD $400 $684 $418 $24 $126 $1,652 $138
Highlander SE 4WD $400 $684 $418 $24 $126 $1,652 $138
Highlander Limited 4WD $400 $684 $418 $24 $126 $1,652 $138
Highlander Hybrid 4WD $400 $684 $418 $24 $126 $1,652 $138
Highlander Hybrid Limited 4WD $400 $684 $418 $24 $126 $1,652 $138
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Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Prices do not factor in vehicle garaging location which can increase or decrease premium rates significantly.

Higher deductibles save money

When comparing car insurance rates, the most common question is what deductibles to buy. The premium rates below help summarize the costs and benefits when you buy lower versus higher deductibles. The first rate table uses a $100 deductible for comp and collision and the second price grid uses a $500 deductible.

Toyota Highlander insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $350 $518 $406 $24 $122 $1,445 $120
Highlander 4WD $394 $632 $406 $24 $122 $1,603 $134
Highlander Sport 4WD $394 $632 $406 $24 $122 $1,603 $134
Highlander SE 2WD $394 $632 $406 $24 $122 $1,603 $134
Highlander Sport 2WD $394 $632 $406 $24 $122 $1,603 $134
Highlander Limited 2WD $440 $744 $406 $24 $122 $1,761 $147
Highlander SE 4WD $440 $744 $406 $24 $122 $1,761 $147
Highlander Limited 4WD $440 $744 $406 $24 $122 $1,761 $147
Highlander Hybrid 4WD $440 $744 $406 $24 $122 $1,761 $147
Highlander Hybrid Limited 4WD $440 $744 $406 $24 $122 $1,761 $147
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Toyota Highlander insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $256 $350 $406 $24 $122 $1,158 $97
Highlander 4WD $288 $426 $406 $24 $122 $1,266 $106
Highlander Sport 4WD $288 $426 $406 $24 $122 $1,266 $106
Highlander SE 2WD $288 $426 $406 $24 $122 $1,266 $106
Highlander Sport 2WD $288 $426 $406 $24 $122 $1,266 $106
Highlander Limited 2WD $320 $502 $406 $24 $122 $1,374 $115
Highlander SE 4WD $320 $502 $406 $24 $122 $1,374 $115
Highlander Limited 4WD $320 $502 $406 $24 $122 $1,374 $115
Highlander Hybrid 4WD $320 $502 $406 $24 $122 $1,374 $115
Highlander Hybrid Limited 4WD $320 $502 $406 $24 $122 $1,374 $115
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rates do not factor in specific zip code location which can lower or raise prices significantly.

We can derive from the above data that using a $100 deductible costs roughly $29 more each month or $348 annually than requesting the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you average at a minimum 14 months between claim filings, you would save more money by going with a higher deductible. Here’s an example of how you can decide this on your own policy.

Average monthly premium for $100 deductibles: $139
Average monthly premium for $500 deductibles (subtract): – $110
Monthly savings from raising deductible: $29
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

An important sidenote is that raising deductibles to save money means you pay more out-of-pocket when you have a claim. You need to have some extra savings in the event you have to pay more for the deductible.

Yearly car insurance costs for men versus women

The information below shows the difference between Toyota Highlander annual premium costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

Full coverage versus liability-only

The diagram below illustrates the comparison of Toyota Highlander insurance rates with liability coverage only compared to full coverage. The costs are based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.

Should you pay for full coverage or liability only?

There isn’t a written rule to stop buying full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Toyota Highlander replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after you pay the deductible. If you are paying over $800 a year for your policy with full coverage, then you might consider buying liability only.

There are some scenarios where removing full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Get lower-cost Toyota Highlander insurance in Baltimore with discounts

Car insurance is expensive, but you might be missing out on some discounts that could help you make your next renewal payment. Certain credits will be shown when you quote, but some need to be manually applied before being credited. If you check and find you aren’t receiving every discount you deserve, you could be saving more on your car insurance.Save money with discounts

As is typical with insurance, some of the credits will not apply to the entire cost. The majority will only reduce the cost of specific coverages such as comp or med pay. Despite the fact that it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.

The information below visualizes the comparison of Toyota Highlander premium costs with and without discounts. The data assumes a male driver, no violations or claims, Maryland 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, safe-driver, multi-car, multi-policy, marriage, and homeowner discounts applied.

The best car insurance companies and a selection of discounts include:

Before you buy a policy, ask each company or agent which discounts you may be entitled to. All car insurance discounts might not apply in your state.

The Toyota Highlander Insurance Cost Equation

An important part of buying insurance is that you know some of the things that aid in calculating the rates you pay for car insurance. When you know what positively or negatively controls the rates you pay, this allows you to make educated decisions that may result in big savings. Lots of things are used when you get a price on insurance. Some are pretty understandable such as traffic violations, although others are not quite as obvious like where you live or how safe your car is.

There’s no such thing as the perfect auto insurance policy

When it comes to adequate coverage for your personal vehicles, there is no one size fits all plan. Everyone’s situation is a little different.Auto insurance savings

For instance, these questions may help highlight whether you would benefit from professional advice.

If you can’t answer these questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form.

Shop online but buy locally

A small number of people would rather get professional advice from a licensed agent and that is recommended in a lot of cases A good thing about comparing insurance online is you can get lower rates but also keep your business local. And buying from local insurance agencies is definitely important in Baltimore.

Baltimore insurance agentsUpon completion of this short form, your insurance data is emailed to companies in Baltimore who will give you quotes for your insurance coverage. You won’t need to search for any insurance agencies because prices are sent directly to your email. It’s the lowest rates without having to waste a lot of time. If you want to get a comparison quote from a specific insurance provider, just search and find their rate quote page and fill out the quote form the provide.

When researching an insurance agent, it can be helpful to understand the types of agencies and how they can write your policy. Insurance agents can be described as either exclusive or independent.

Independent Insurance Agents

Agents that choose to be independent do not sell for just one brand and that gives them the ability to insure through lots of different companies depending on which coverage is best. If they find a lower price, your agent can just switch to a different company and the insured can keep the same agent. When shopping rates, we recommend you get quotes from independent agents for maximum quote selection.

Below is a small list of independent agents in Baltimore that may be able to give you free insurance quotes.

8831 Satyr Hill Rd #302Baltimore, MD 21234(410) 661-1440View Map

3407 Eastern BlvdBaltimore, MD 21220(410) 686-4700View Map

1726 Reisterstown Rd #220Baltimore, MD 21208(410) 602-2636View Map

More Baltimore agents

Exclusive Insurance Agencies

Exclusive agencies can only provide one company’s prices like Farmers Insurance or State Farm. Exclusive agents cannot compare other company’s rates so keep that in mind. Exclusive agents are well schooled on what they offer which helps them sell insurance even at higher premiums.

The following is a list of exclusive agencies in Baltimore who can help you get rate quotes.

7823 Wise AveBaltimore, MD 21222(410) 282-7283View Map

7696 Belair RdBaltimore, MD 21236(410) 426-5500View Map

6630 Baltimore National Pike #100bBaltimore, MD 21228(410) 744-7733View Map

More Baltimore agents

Finding the right insurance agent requires you to look at more than just a low price. The following questions are important to ask.

Persistence will pay off

Consumers switch companies for any number of reasons including delays in responding to claim requests, poor customer service, being labeled a high risk driver and even policy cancellation. No matter why you want to switch, finding a great new company is pretty simple and you could end up saving a buck or two.

In this article, we covered many tips how you can get a better price on Toyota Highlander insurance in Baltimore. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even be surprised to find that the most savings is with a small local company.

As you restructure your insurance plan, make sure you don’t reduce coverage to reduce premium. There have been many situations where an accident victim reduced physical damage coverage only to find out that the savings was not a smart move. The aim is to buy the best coverage you can find for the lowest cost and still be able to protect your assets.

Steps to finding low-cost Toyota Highlander insurance in Baltimore

If you want to find the absolute lowest rates, then the best way to get discount auto insurance rates in Baltimore is to make a habit of comparing prices annually from insurance carriers in Maryland. This can be done by following these guidelines.

Step 1: Try to comprehend how insurance works and the measures you can take to prevent expensive coverage. Many factors that result in higher rates like speeding and a low credit rating can be improved by making minor driving habit or lifestyle changes.

Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO and Allstate, while independent agencies can quote rates from multiple insurance companies. Select a company

Step 3: Compare the quotes to your current policy premium to see if switching to a new carrier will save money. If you can save money and switch companies, make sure coverage does not lapse between policies.

Step 4: Provide written notification to your current company of your intent to cancel your current auto insurance policy and submit payment and a completed application to your new company or agent. Make sure you put the new certificate verifying coverage in your vehicle’s glove compartment or console.

An essential thing to point out is to compare similar deductibles and liability limits on every quote and and to get rates from as many auto insurance providers as possible. Doing this guarantees a fair rate comparison and a complete price analysis.

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