Who Has Affordable Auto Insurance for a Toyota Highlander in Durham?

Finding the cheapest coverage for a Toyota Highlander in North Carolina doesn’t take a lot of effort, but it is dependent upon many rating factors such as the age of the Highlander, whether or not you have filed claims in the past, and any past driving violations you may have had. Drivers in North Carolina will pay around $564 annually for Highlander insurance, but that is a projection calculated based on a 50-year-old married male driver with full coverage and $1,000 deductibles.

Odds are that you’re not a 50-year-old male, you might be single instead of married, or maybe you have a teenager that needs to be on your policy. Everone’s needs are different, and this illustrates why the best way to find cheap insurance rates for your Toyota is to put in the effort to do a thorough rate comparison.

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Your vehicle’s trim level tends to impact the annual cost of coverage, so the cost to insure a Highlander 2WD trim level will be $86 less expensive the cost to insure the more expensive Highlander Hybrid Limited 4WD version, as shown below.

Toyota Highlander Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $92 $142 $240 $14 $72 $560 $47
Highlander 4WD $104 $174 $240 $14 $72 $604 $50
Highlander Sport 4WD $104 $174 $240 $14 $72 $604 $50
Highlander SE 2WD $104 $174 $240 $14 $72 $604 $50
Highlander Sport 2WD $104 $174 $240 $14 $72 $604 $50
Highlander Limited 2WD $116 $204 $240 $14 $72 $646 $54
Highlander SE 4WD $116 $204 $240 $14 $72 $646 $54
Highlander Limited 4WD $116 $204 $240 $14 $72 $646 $54
Highlander Hybrid 4WD $116 $204 $240 $14 $72 $646 $54
Highlander Hybrid Limited 4WD $116 $204 $240 $14 $72 $646 $54
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Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Estimates do not factor in specific Durham garaging location which can impact prices significantly.

Finding out which companies offer the cheapest car insurance rates for a Toyota Highlander will require a little more effort in order to find the most economical policy. Every insurance company used slightly different criteria for establishing rates, so we will examine the car insurance companies that tend to have lower prices in Durham, NC.

It’s important that you understand Durham, NC car insurance rates are calculated based on many things that will increase or decrease the cost of a policy. Improving your credit rating, moving to a different location, or getting a reckless driving citation can trigger changes in premium that may make certain companies more affordable than the competition.

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North Carolina auto insurance company rankings
Rank Company Cost Per Year
1 Progressive $639
2 Utica National $643
3 Liberty Mutual $721
4 NC Farm Bureau $730
5 Titan $737
6 Penn National $739
7 GEICO $742
8 State Farm $779
9 Auto-Owners $878
10 Allied $901
11 Erie $904
12 National General $908
13 Travelers $927
14 Peerless $972
15 MetLife $1,018
16 Nationwide $1,031
17 Unitrin $1,032
18 Allstate $1,064
19 Encompass $1,073
20 Safeco $1,076
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Progressive may have some of the best car insurance rates in Durham at around $639 annually. Utica National, Liberty Mutual, NC Farm Bureau, and Titan also qualify as some of the lowest-priced Durham, NC car insurance companies.

In the rate table above, if you currently have a policy with Utica National and switched to Progressive, you may see a yearly price reduction of approximately $4. Drivers with Liberty Mutual may save as much as $82 a year, and NC Farm Bureau insureds might reduce rates by $91 a year.

Bear in mind that those estimates are averages across all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location for a Toyota Highlander. So the company that can offer you the best rate may not even be in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.

The information below demonstrates how deductibles can increase or decrease insurance prices when searching for cheap insurance for a Toyota Highlander. The premium estimates are based on a married female driver, comp and collision included, and no discounts are factored in.

The data above shows that a 40-year-old driver could lower rates by $212 a year by changing from a $100 deductible to a $500 deductible, or save $320 by choosing a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could reduce their rates $524 or more just by choosing higher deductibles when buying full coverage.

When raising deductibles, it is necessary to have additional savings on hand to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Low rates today, overpriced tomorrow

Durham car insurance rates are influenced by many factors that can increase the cost of coverage. Improving your credit rating, buying a different vehicle, or getting a driving violation can cause premium changes that can now make some companies affordable when they were higher priced. Additionally, car insurance companies change premium rates every year or even multiple times each year in order to remain profitable. Higher than normal claims can cause increased policy costs, while better underwriting may cause lower-cost Highlander insurance rates.

To illustrate this example, the bar chart below shows a variety of companies that have the cheapest car insurance in Durham, NC for a 40-year-old male driver with no accidents or violations, and solid credit. If we estimate rates based on his current rating profile, Utica National might quote the most affordable car insurance rates in Durham at $738 annually. This is $134 less than the average policy premium paid by North Carolina drivers of $872. Progressive, Liberty Mutual, NC Farm Bureau, and Penn National also make the list of the best Durham, NC auto insurance companies.

The chart below compares rates after we give the driver in the first chart a chargeable claim, bad credit, and a blemish on his driving record. Since each auto insurance company has their own formula to determine rates, comparing quotes may now result in a slightly different list of affordable Durham car insurance companies as shown below.

Titan now has the best auto insurance rate in Durham with State Farm, Auto-Owners, National General, and Allied now being in the top five. This example demonstrates why drivers need to shop around when trying to find the most budget-friendly car insurance rates for a Toyota Highlander.

Rates are influenced by many things and can increase or decrease at any time, so the most economical company when you bought your policy may now cost much more than other companies.