How Much is Insurance for a Toyota Highlander in Maine?

The chances of finding affordable auto insurance for a Toyota Highlander in Maine relies on a pretty complex algorithm that uses a lot of factors like annual miles driven, whether you are claim-free, and any prior driving offenses you have. Drivers will pay on average $530 every 12 months to buy insurance for a Toyota Highlander, but that cost is an approximation assuming a 50-year-old single female driver that includes comprehensive and collision coverage and $1,000 deductibles.

It’s more than likely you aren’t exactly 50 years old or even a female, possibly married instead of single, or you just want cheap liability insurance instead of full coverage. Car insurance coverage is unique to each driver, so this is why the most reliable way to find the cheapest insurance price for your Toyota is to put in the effort to do a thorough rate comparison. In less than five minutes you will receive prices from some of the best insurers that insure vehicles in Maine.

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The trim level of your Highlander tends to have a direct effect on price, so the price you pay to insure a Highlander 2WD model will be $80 less than the insurance cost for the more expensive Highlander Hybrid Limited 4WD version, as shown below.

Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rates do not factor in vehicle location which can increase or decrease premium rates greatly.

Maine auto insurance companies ranked

Finding the right insurer can be challenging considering how many companies sell coverage in Maine. The ranking data in the lists below may help you pick which providers you want to consider when comparing rate quotes. These ratings only include the largest companies in the United States, so companies that have a smaller presence are not included in this list.

Difference between full coverage and liability only rates

Finding cheap insurance for a Toyota Highlander in Maine is the goal of most people, and one great way to reduce the cost of insurance is to only pay for liability coverage. The illustration below illustrates the comparison of annual premium costs with liability coverage only compared to full coverage. The data is based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are factored in.

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If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an additional $1,109 per year more than insuring for liability only. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no set rule to stop buying comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

The chart below highlights how deductible selection can impact yearly insurance costs when quoting cheap insurance for a Toyota Highlander. The costs are based on a single female driver, full physical damage coverage, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2151,1965,1757,1561],[‘Age 30’, 1513,1377,1219,1069],[‘Age 40’, 1399,1275,1133,999],[‘Age 50’, 1225,1119,993,875],[‘Age 60’, 1185,1081,963,847],[‘Age 70’, 1367,1247,1117,993]]);var options = {title: ‘Deductibles and Toyota Highlander Insurance Rates in Maine’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Highlander’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

As shown above, a 30-year-old driver could cut expenses by $266 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $400 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could drop their prices $590 or even more by using higher deductibles when buying full coverage.

When increasing deductibles, it will be required to have emergency funds available to allow you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

State Farm vs Progressive vs Allstate vs Geico

When it comes to insurance for a Highlander in Maine, probably the best companies to start with are State Farm, Progressive, Allstate, and Geico. The next table illustrates ratings and policy coverage options shoppers can expect to find with each one.