Cheapest Insurance for a Toyota Highlander in New Mexico

When discussing auto insurance, the word affordable should not appear anywhere in the article. It’s just a fact that cheap auto insurance for a Toyota Highlander is just plain contradictory. Don’t get your dauber down, because we will teach you how you can still find insurance that works with your budget.

Whether or not you can find cheaper insurance for a Toyota Highlander in New Mexico hinges on a calculation that uses factors such as when you were born, whether you have good credit, and any past driving violations you may have had. Drivers in New Mexico pay around $730 annually to insure a Highlander, but that price is an estimation using cost data for a 50-year-old married male that purchased full comprehensive and collision coverage and $1,000 deductibles.

But there is a high likelihood that you are not 50 and possibly not even male, maybe you are single instead of married, or maybe you prefer higher deductibles. Car insurance coverage is unique to each driver, so this is why the best way to quote the most affordable coverage for your Toyota is to make a habit of comparing prices at least once a year. It only takes a couple of minutes and you will receive prices from the cheapest companies that insure Toyota vehicles in New Mexico.

Find Cheaper Toyota Highlander Insurance

The specific model of Highlander tends to have a direct effect on the cost of coverage, so the price you pay to insure a Highlander 2WD trim level will cost $110 less than the cost to insure the high end Highlander Hybrid Limited 4WD model, as shown in the table below.

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate information does not factor in vehicle garaging location which can change rates considerably.

How to find a good New Mexico insurance company

Finding the right insurance company can be a challenge considering how many different companies sell coverage in New Mexico. The ranking information in the next section could help you analyze which insurers to look at when comparing rate quotes. The rankings below include large, nationwide insurance companies, so smaller companies are not included in the list.

Top 10 Large Car Insurance Companies Overall in New Mexico

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Allstate

Top 10 Large Car Insurance Companies in New Mexico Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. Titan Insurance
5. The General
6. State Farm
7. AAA Insurance
8. Nationwide
9. Allstate
10. 21st Century

Top Companies for Toyota Highlander Insurance in New Mexico

Get discount New Mexico car insurance

Insurance providers that offer the cheapest insurance for a Toyota Highlander in New Mexico may have discounts that can reduce rates by as much as 35% or more if you are eligible. A list of insurance companies and a partial list of their discounts can be found below.

The illustration below illustrates the difference between insurance rates with and without policy discounts. The data assumes a male driver, no claims or driving violations, New Mexico state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the average rate with no discounts. The second shows the rates with anti-theft, vehicle safety, accident-free, homeowner, defensive driving course, and passive restraint discounts applied. When drivers qualify for the discounts, the average amount saved each year on insurance for a Toyota Highlander is 42% or $493.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 2849,2049],[‘Age 30’, 1525,1105],[‘Age 40’, 1479,1073],[‘Age 50’, 1351,979],[‘Age 60’, 1309,951],[‘Age 70’, 1611,1161]]);var options = {title: ‘Effect of Discounts on Insurance Price for a Toyota Highlander’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

The information below illustrates how choosing a deductible can increase or decrease insurance prices when researching cheap insurance for a Toyota Highlander. The premiums are based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.

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A 30-year-old driver could lower their car insurance rates by $368 a year by increasing from a $100 deductible to a $500 deductible, or save $558 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, can save $1,070 or more by selecting a higher deductible.

When using a larger deductible, it is a good idea to have additional savings on hand to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.