2003 Toyota Highlander Car Insurance Rates – 9 Tricks for Best Quotes

Looking for cheaper insurance coverage rates for your Toyota Highlander? I can’t think of a single person who enjoys paying for insurance coverage, particularly when they are paying too much. Multiple auto insurance companies compete for your business, and because of this it can be hard to compare insurers to find the absolute lowest rate possible.

It is always a good idea to check insurance coverage prices before your policy renews due to the fact that insurance rates tend to go up over time. Despite the fact that you may have had the lowest price for Highlander coverage a few years ago the chances are good that you can find a lower rate today. Block out anything you think you know about insurance coverage because you’re about to learn how to use the internet to buy cheaper insurance coverage.

Discounts on 2003 Toyota Highlander insurance

The price of auto insurance can be rather high, but you can get discounts to reduce the price significantly. Certain discounts will be triggered automatically when you complete an application, but some must be asked for prior to receiving the credit. If you don’t get every credit you deserve, you’re paying more than you need to.

  • Driver Safety – Taking part in a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.
  • One Accident Forgiven – A handful of insurance companies allow you one accident before raising your premiums if your claims history is clear for a particular time prior to the accident.
  • Government Employees – Being employed by or retired from a federal job can earn a discount up to 10% for Highlander coverage with a few auto insurance companies.
  • Discount for Life Insurance – Larger companies have better rates if you take out auto and life insurance together.
  • Resident Student – Children who attend school more than 100 miles from home and don’t have a car may qualify for this discount.
  • Multiple Cars – Insuring all your vehicles on one policy qualifies for this discount.
  • Low Mileage – Low mileage vehicles can qualify you for lower rates on the low mileage vehicles.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10%.
  • Accident Free – Claim-free drivers pay less when compared with bad drivers.

Drivers should understand that most credits do not apply to the entire policy premium. Most only cut specific coverage prices like medical payments or collision. Just because it seems like adding up those discounts means a free policy, it just doesn’t work that way. Any qualifying discounts will help reduce your premiums.

To see a list of companies who offer auto insurance discounts, follow this link.

Tailor your coverage to you

When buying adequate coverage, there really is not a “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. For instance, these questions may help you determine whether or not you will benefit from professional help.

  • Do I need rental car coverage?
  • Can I rate high risk drivers on liability-only vehicles?
  • Is my 2003 Toyota Highlander covered for flood damage?
  • Where can I find DUI or SR-22 insurance?
  • I don’t drive much so do I pay less?
  • Am I covered if I hit a deer?

If you can’t answer these questions, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.

Do car insurance companies bend the truth?

Consumers constantly see and hear ads for car insurance savings by companies like 21st Century, Allstate and State Farm. They all seem to make an identical promise that you’ll save big if you move to them.

How can each company make almost identical claims? It’s all in the numbers.

Different companies can use profiling for the type of driver that earns them a profit. For example, a driver they prefer could possibly be between 30 and 50, owns a home, and drives less than 7,500 miles a year. A customer that hits that “sweet spot” will get the preferred rates and therefore will save a lot of money.

Potential insureds who don’t measure up to the “perfect” profile will have to pay higher premiums and this can result in business going elsewhere. Company advertisements say “customers who switch” not “everybody who quotes” save that much money. That’s why companies can truthfully make the claims of big savings.

Because of the profiling, drivers should get quotes from several different companies. It’s impossible to know which car insurance company will have the lowest Toyota Highlander insurance rates.

Car insurance coverages explained

Knowing the specifics of a car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average car insurance policy.

Auto collision coverage

This pays for damage to your Highlander resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a mailbox, backing into a parked car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Liability

This can cover damage that occurs to other people or property by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like loss of income, medical services, court costs and bail bonds. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive coverage

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a bird, damage from getting keyed, damage from a tornado or hurricane and rock chips in glass. The most your car insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for bills such as X-ray expenses, ambulance fees, EMT expenses and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

Have money to burn

We just showed you many ideas to lower your 2003 Toyota Highlander insurance rates. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the best price on insurance is with a small local company. Smaller companies can often provide lower rates in certain areas as compared to the big name companies such as Allstate, Geico and Progressive.

As you prepare to switch companies, make sure you don’t buy less coverage just to save a little money. Too many times, consumers will sacrifice liability coverage limits only to regret at claim time they didn’t have enough coverage. The ultimate goal is to buy enough coverage at an affordable rate while not skimping on critical coverages.

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