How Much is Insurance for a Toyota Highlander in Nevada?

The odds of finding the cheapest coverage for a Toyota Highlander in Nevada depends on a complex formula that considers things like whether or not your vehicle has good safety ratings, if you have ever let your coverage lapse, and violations on your driving record. Drivers in Nevada on average pay around $1,000 per year to insure a Highlander, but that price is a ballpark figure calculated based on a 40-year-old married female who requires comprehensive and collision coverage and $250 policy deductibles.

This brings up the issue that more than likely you are not exactly 40 years old and possibly not even female, maybe you are single instead of married, or maybe you want more liability coverage than is required by law in Nevada. Having what appears to be a very minor change in policy rating data can cause large differences in rates.

Insurance prices are based on the driver profile the only real way to find cheap auto insurance rates for your Toyota is to regularly compare rates at renewal. It takes less than five minutes and you will be able to see rates from the cheapest companies in Nevada.

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The trim level of your Highlander can impact the cost of coverage, so the price you will pay to insure a Highlander 2WD will be $194 lower than the price to insure the more costly Highlander Hybrid Limited 4WD model, as shown in the chart below.

Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in specific location which can affect insurance rates greatly.

Establishing which insurers offer the lowest-priced insurance rates for a Toyota Highlander involves a little more work in order to find a policy that fits your budget. Each insurance company uses their own method to set their prices, so let’s take a look at the insurance companies with the overall cheapest rates in Nevada.

It’s important that you understand Nevada insurance rates are based on many factors that may substantially change the policy premium. Simply turning a year older, buying a different vehicle, or having a fender bender can trigger price changes resulting in some companies being cheaper than others.

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Travelers offers some of the lowest car insurance rates in Nevada at around $903 annually. Allied, Capital, American Family, and Oregon Mutual also qualify as some of the best Nevada insurance companies.

In this example, if you currently buy coverage from American Family and switched to Allied, you could earn a yearly price reduction of about $243. Customers with Oregon Mutual might save as much as $243 a year, and GEICO policyholders might reduce rates by $280 a year.

These rates are averaged across all drivers and vehicles and and are not calculated with a specific rate factor for a Toyota Highlander. So the car insurance company that is most affordable for your situation may not even be shown in the list above. That helps illustrate why you need to compare prices as often as possible using your own individual information.

Get discount Nevada insurance rates

Car insurance companies that provide cheap insurance for a Toyota Highlander in Nevada may also give you policy discounts that may potentially lower prices by 40% or more if you meet the requirements. Large insurance companies and a selection of discounts include:

• Mercury Insurance has discounts for low natural disaster claims, anti-theft, multi-car, age of vehicle, multi-policy, annual mileage, and type of vehicle.
• Farmers Insurance may offer discounts for business and professional, teen driver, pay in full, multi-car, mature driver, and alternative fuel.
• Farm Bureau has savings for good student, safe driver, driver training, renewal discount, multi-vehicle, and 55 and retired.
• State Farm includes discounts for driver’s education, passive restraint, anti-theft, student away at school, defensive driving training, and Drive Safe & Save.
• Allstate discounts include auto/life discount, new car, premier discount, economy car, utility vehicle, and anti-lock brakes.
• GEICO offers premium reductions for five-year accident-free, federal employee, air bags, membership and employees, seat belt use, and anti-lock brakes.

The diagram below visualizes the comparison of annual premium costs with and without discounts applied to the policy rates. The prices are based on a male driver, no claims or driving violations, Nevada state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with homeowner, passive restraint, anti-theft, accident-free, defensive driving course, and multiple policy discounts applied. When discounts are applied, the the average yearly reduction on insurance for a Toyota Highlander is 28% or $461.

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Full coverage rates compared to liability-only

Finding cheap insurance for a Toyota Highlander in Nevada should be important to the majority of people, and one of the best ways to pay less for insurance is to only buy liability insurance. The information below shows the difference between car insurance rates when comparing full coverage to liability only. The information is based on no claims, a clean driving record, $100 deductibles, drivers are not married, and no other discounts are factored in.

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Averaged out for all age groups, physical damage coverage on your policy costs $2,339 per year over and above liability only. That is a large expense and it proposes the question if it’s worth it to buy full coverage. There is no definitive rule of when to exclude physical damage coverage, but there is a general guideline. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s say your vehicle’s replacement value is $5,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,500 after the deductible is paid. If it’s costing you more than $450 annually for your policy with full coverage, then it could be time to drop full coverage.

How to find cheap insurance for a Toyota Highlander in Nevada

The list below details many thrifty solutions that can help you get cheaper coverage.

• Earn discounts for being claim-free
• Good credit scores may make rates cheaper
• On older vehicles, drop full coverage
• Save money by insuring your home and auto with the same company
• The safer your car, the less it costs to insure
• Raise your physical damage coverage deductibles
• Keep rates low by shopping around frequently

The last tip is certainly vital, as was affirmed in the prior information. Auto insurance prices can change considerably based on profitability, so don’t be hesitant to buy a different policy if a more affordable price is available. Having a favorite company is great, but it’s not a great idea if that faithfulness ends up costing you money that could be used for better things. Now is a great time to compare prices to find cheaper insurance for a Toyota Highlander.