Cheapest Insurance for a Toyota Highlander in Alaska

When writing about shopping for auto insurance, the words “cheap” or “affordable” should not be used anywhere in the article. Regardless, cheap auto insurance for a Toyota Highlander is almost non-existent. Don’t let that ruin your day, because we are going to show you how you can get coverage that doesn’t cost an arm and a leg.

Buying the cheapest insurance for a Toyota Highlander in Alaska hinges on factors such as your marital status, whether or not you garage your vehicle, and your policy deductibles. Alaska drivers on average pay around $950 annually to insure a Toyota Highlander, but that figure is a projection based on a 40-year-old married male who requires full comprehensive and collision coverage and $100 physical damage deductibles.

The issue with using an average estimated rate is the likelihood you aren’t exactly 40 years old or even a male, maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. Auto insurance is not the same for everyone, so the only way to find cheap insurance prices for your Toyota is to just compare rates yourself.

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The trim level of your vehicle tends to impact the annual cost of coverage, so the price you will be charged to insure a Highlander 2WD will be $192 cheaper than the insurance cost for the fancier Highlander Hybrid Limited 4WD version, as shown below.

Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in specific garaging location which can decrease or increase prices significantly.

Establishing which companies offer the lowest-priced auto insurance rates for a Toyota Highlander requires a little more work in order to find a policy that fits your budget. Every auto insurer uses their own calculation to determine rates, so we’ll go over the overall cheapest auto insurance companies in Alaska.

It’s a good idea to know that Alaska auto insurance rates are impacted by many things which can substantially change the price you have to pay. Improving your credit score, increasing liability limits, or getting a ticket for running a stop sign may cause policy rate changes that can cause some rates to be more affordable than others.

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Umialik may have some of the lowest car insurance rates in Alaska at around $874 each year. USAA, State Farm, Progressive, and GEICO also make the cut as some of the cheaper Alaska auto insurance companies.

As the rates illustrate above, if you are currently insured with Progressive and switched to USAA, you could earn yearly savings of about $280. Alaska drivers with GEICO might save as much as $995 a year, and Allstate policyholders might lower prices by $1,336 a year.

Be aware that those premiums are averages across all ages of drivers and types of vehicles and do not take into consideration a specific rating modification for a Toyota Highlander. So the auto insurance company that fits you best may not even be shown in the list above. That is why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

Discounts on the cheapest insurance for a Toyota Highlander in Alaska

Insurers that offer cheap quotes for a Toyota Highlander may have policy discounts that may potentially lower prices by as much as 30% if you can meet the requirements. Larger auto insurance companies and their possible discounts include:

The chart below illustrates the comparison of car insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no accidents or driving violations, Alaska state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with safe-driver, multiple policy, claim-free, multiple vehicle, passive restraint, and accident-free discounts applied. When drivers qualify for the discounts, the the amount saved on auto insurance for a Toyota Highlander is 33% or $409.

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Impact of speeding/accidents on auto insurance rates

A great way to obtain low auto insurance premiums for a Highlander is to be a careful driver and avoid tickets and accidents. The chart below shows how traffic citations and accident claims impact insurance premiums for each age group. The prices are based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.

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The data above shows the average cost of auto insurance in Alaska per year with no violations or accidents is $1,472. Add in one speeding ticket and the average cost jumps to $1,660, an increase of $188 each year. Then include one accident along with the one speeding ticket and the 12-month cost of auto insurance for a Toyota Highlander jumps again to an average of $2,178. That’s an increase of $706, or $59 per month, just for not driving attentively!

Find the cheapest insurance for a Toyota Highlander in Alaska

Below you’ll find a few money-saving solutions that can help Alaska drivers find cheap coverage.

• Drive a car with a high safety rating
• Save money by bundling your home and auto policies
• Avoid getting citations and tickets
• Remain accident-free and save
• If your vehicles are older, consider dropping full coverage
• Save money by staying claim-free
• Shop around once a year for cheaper rates

That final tip is remarkably significant, as was pointed out in this article. Insurance rates fluctuate constantly, so you should be ready to buy from a new company if a better deal can be had.

We understand brand loyalty, but is isn’t recommended if that loyalty ends up costing hundreds of dollars year after year. Now is a great time to compare prices and find cheaper insurance for a Toyota Highlander.

Who has the cheapest Toyota Highlander insurance quotes?

Consumers have many ways to quote cheap auto insurance rates in Alaska, but the most preferred ways are from an exclusive insurance agent such as State Farm or Allstate, an independent agent, or direct from companies such as Geico or Progressive.

They all follow the same basic process, but auto insurance buyers need to understand the differences in how they give price quotes.

Independent agents can place your business with multiple companies and can get rate quotes from each one. They can quote with many companies and give you more rates, which may provide you with a better chance of finding cheaper coverage. If your agent finds better pricing, your agent can just switch to a different company which makes it easier to save money.

Exclusive agents are restricted to one insurance company, two of the more popular are an Allstate or State Farm agent. These agents normally cannot shop your coverage around, so it’s a take it or leave it situation.

Buying from a direct company means skip an exlusive or independent agent and instead shop buying direct from a company like Geico or Progressive. Shopping for auto insurance direct can be a good choice for families who do not need complex risk management and have knowledge of what auto insurance covers.

So which way is best to find the cheapest insurance for a Toyota Highlander in Alaska? Most drivers assume that buying direct results in the cheapest rates since that prevents the need to pay agent commissions, but that is not always the case. And we’d like to say buying from an independent agent guarantees the cheapest rates since they have more companies to choose from, but again, that’s not a true statement. In many cases, exclusive agencies may have prices that cannot be met by either independent or direct companies.

Since auto insurance companies use so many rating factors, the one way to ensure the lowest rates is to obtain price quotes and compare them. To find the best rates, be sure to get prices from all three types to have a good selection of rates to choose from. A great place to start is our list of online companies offering discounts: click here to view.