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.

It’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.

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.

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.

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.

• Multiple Policy Discount – If you have multiple policies with one insurance company you will save as much as 10 to 15 percent.
• Early Payment Discounts – If you pay your bill all at once as opposed to paying monthly you could save 5% or more.
• Driving Data Discount – Drivers that enable their company to track driving patterns by using a telematics device in their vehicle like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if their driving habits are good.
• Drive Safe and Save – Insureds without accidents could pay up to 40% less as compared to drivers with claims.
• Theft Deterrent System – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and qualify for as much as a 10% discount.

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:

• State Farm has savings for Drive Safe & Save, safe vehicle, accident-free, driver’s education, good student, and anti-theft.
• Liberty Mutual offers discounts for teen driver discount, newly retired, exclusive group savings, safety features, and newly married.
• American Family has discounts for Steer into Savings, multi-vehicle, good driver, TimeAway discount, and accident-free.
• Progressive discounts include online quote discount, homeowner, multi-vehicle, multi-policy, continuous coverage, and online signing.
• Farmers Insurance may have discounts that include early shopping, bundle discounts, distant student, youthful driver, mature driver, teen driver, and alternative fuel.
• Auto-Owners Insurance may include discounts for multi-policy, air bags, mature driver, company car, multiple vehicles, and student away at school.
• SAFECO offers discounts including drive less, teen safe driver, anti-lock brakes, anti-theft, safe driver, accident prevention training, and multi-car.

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.

• Poor credit rating equals high prices – Having a good credit score is likely to be a major factor in determining premium rates. If your credit history can use some improvement, you may save money insuring your Toyota Highlander by improving your credit score. Drivers who have good credit tend to be less risk to insure than those with worse credit.

• Age of drivers impacts rates – Teenage drivers in Maryland are known to be more careless when behind the wheel therefore car insurance rates are much higher. Adding a teen driver onto a policy can increase premiums substantially. More experienced drivers are more responsible, tend to cause fewer accidents, and get fewer tickets.

  The data below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

• City dwellers may pay more – Residing in smaller towns and rural areas of the country can be a good thing when buying car insurance. Lower population translates into fewer accidents. Urban drivers regularly have more aggressive driving styles and higher rates of accident claims. More time commuting means a statistically higher chance of an accident.
• Don’t abuse claims – If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Insurance companies in Maryland give cheaper rates to drivers who are not frequent claim filers. Auto insurance is meant to be used in the event of claims that pose a financial burden.
• Combine policies and save money – Most larger car insurance companies allow better rates for people that have more than one policy in the form of a multi-policy discount. Discounts can amount to 10 percent or more. Even if you qualify for this discount already, consumers should still compare other Baltimore Highlander insurance rates to confirm you are receiving the best rates possible. Drivers may still save even more by insuring with multiple companies.
• Deter theft and reduce premiums – Owning a car that has an advanced theft prevention system can save you a little every year. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent car theft and help bring rates down.

• Insurance premiums are higher for high performance vehicles – The performance of the vehicle you are buying insurance for makes a significant difference in your auto insurance rates. Small economy passenger vehicles generally have the cheapest insurance rates, but many other things help determine your insurance rates.

  The next chart assumes a single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It compares Toyota Highlander policy rates compared to other vehicles that have a range of performance rating factors.

• Toyota Highlander historical loss data – Insurers use data from past claims as a way to help calculate a profitable premium price. Models that the data determines to have higher frequency or amount of claims will cost more for specific coverages. The next table shows the insurance loss data for Toyota Highlander vehicles.

  For each insurance policy coverage type, the claim probability for all vehicles, as an average, equals 100. Numbers under 100 indicate better than average losses, while numbers that are greater than 100 show a trend for more claims or tendency to have larger claims.

  
  

  Insurance Loss Ratings for Toyota Highlander Vehicles

  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

  BETTER

  AVERAGE

  WORSE

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

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.

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

• Does coverage follow the driver or the vehicle?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Is business property covered if stolen from my car?
• How much liability coverage do I need in Maryland?
• Am I covered when pulling a rental trailer?
• Can my teen driver be rated on a liability-only vehicle?

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.

Upon 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.

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.

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.

• Does their agency support local causes in Baltimore?
• Do they have designations such as AIC, CPCU, or CIC?
• Do they offer rental car reimbursement?
• Where are claims handled?
• Do they write coverage based solely on cost?
• Will they take your side in the event of a claim?
• Can they provide you with a list of referrals?

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.

Helpful information

• Should I Buy a New or Used Car? (Allstate)
• How Much are Baltimore Car Insurance Rates for Low Income Drivers? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for Government Employees in Baltimore? (FAQ)
• How Much are Auto Insurance Quotes for a Ford Fusion in Baltimore? (FAQ)
• Who Has Cheap Car Insurance Rates for Nurses in Baltimore? (FAQ)
• Who Has Affordable Baltimore Auto Insurance Quotes with Multiple Speeding Tickets? (FAQ)
• Who Has Affordable Car Insurance Quotes for a Chevrolet Traverse in Baltimore? (FAQ)
• Teen Driver Licensing Information (iihs.org)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
• Collision Coverage (Liberty Mutual)