Getting budget Lincoln Toyota Highlander insurance quotes on the web might seem rather difficult for drivers who are beginners to quoting and comparison shopping on the internet. With such a large number of companies in the marketplace, how can anyone be able to compare each option to find better rates?
Astonishing but true according to a recent study, nearly 70% of customers kept their coverage with the same car insurance company for well over three years, and roughly 40% of drivers have never compared quotes from other companies. Drivers in Nebraska could save about $388 a year by just comparing quotes, but they just don’t understand the rate savings if they replace their high priced policy.
Informed Consumers Know How to Get Car Insurance at a Discount
Lots of things are part of the calculation when quoting car insurance. Some of the criteria are obvious such as traffic violations, but other factors are not quite as obvious like where you live and annual miles driven.
Shown below are a few of the things used by companies to determine your prices.
- Raise physical damage deductibles and save – Coverage for physical damage, aka comp and collision, is used to repair damage to your Toyota. Some coverage claims are collision with another vehicle, hitting a deer, or theft. Comp and collision deductibles are the amount of money you are willing to pay if you file a covered claim. The more of the claim the insured is willing to pay, the less money you will pay for car insurance.
- Your credit history is important – Having a bad credit history can be an important factor in determining what you pay for car insurance. If your credit history is lower than you’d like, you may save money insuring your Toyota Highlander by taking the time to improve your credit score. Drivers with high credit scores tend to be less risk to insure as compared to drivers with lower credit scores.
- Car insurance lapses lead to higher rates – Having a lapse in insurance coverage can be a quick way to increase your car insurance rates. Not only will rates go up, being ticketed for driving with no insurance may result in a revoked license or a big fine.
- Too many insurance claims will drive prices up – Companies in Nebraska generally give lower rates to people who do not rely on their insurance for small claims. If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Auto insurance is intended for the large, substantial claims.
- Drive less and save – The more you drive in a year the more you’ll pay to insure it. Almost all companies price each vehicle’s coverage determined by how the vehicle is used. Cars and trucks that are left in the garage receive lower rates as compared to vehicles used primarily for driving to work. Ask your agent if your declarations sheet reflects how each vehicle is driven. Having the wrong rating on your Highlander may be costing you higher rates.
- Big cities have higher prices – Having an address in less populated areas is a positive aspect when talking about car insurance. Less people living in that area means reduced accidents and also fewer theft and vandalism claims. Residents of big cities tend to have more road rage incidents and more time behind the wheel. The longer drive time means a statistically higher chance of an accident.
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Drive a fast car, truck or SUV and pay more – The performance of the vehicle you need to insure makes a significant difference in determining your rates. Smaller low performance passenger cars normally have pretty low rates, but your final cost has many other factors.
The next chart uses these variables: married male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It compares Toyota Highlander insurance premiums compared to other models of vehicles that have a range of performance rating factors.
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Insurance loss data for Toyota Highlander vehicles – Insurers factor in historical loss data to calculate a price that offsets possible losses. Vehicles that have a higher amount or frequency of claims will cost more for specific coverages. The next table shows the collected loss data for Toyota Highlander vehicles.
For each policy coverage, the statistical loss for all vehicles, regardless of make or model, equals 100. Numbers shown that are under 100 represent a good loss history, while numbers above 100 indicate a higher chance of having a claim or tendency to have higher losses.
Toyota Highlander Insurance Loss Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Highlander 4dr 2WD 88 82 94 94 78 75 Toyota Highlander 4dr 4WD 95 86 117 88 74 78 Toyota Highlander Hybrid 4dr 4WD 111 143 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
All the larger insurance companies such as State Farm, GEICO and Progressive give coverage price quotes on their websites. The process doesn’t take a lot of time because you just enter your required coverages as detailed in the form. Behind the scenes, the quote system pulls reports for credit and driving violations and quotes a price based on these and other factors.
Using the web to get price quotes for Toyota Highlander insurance in Lincoln makes it easy to compare insurance prices and it’s also necessary to perform this step if you are searching for the best rate.
To quickly find out how much you can save on insurance, compare rates from the companies below. To compare your current rates, we recommend you complete the form with the insurance coverages exactly as shown on your declarations page. This way, you’re receiving rate quotes for similar insurance coverage.
The following companies can provide price quotes in Lincoln, NE. To locate the best cheap car insurance in Lincoln, NE, we recommend you compare several of them in order to get a fair rate comparison.
Toyota Highlander detailed coverage information
The price information shown next outlines estimates of insurance rates for Toyota Highlander models. Being more informed about how insurance prices are established helps drivers make smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $200 | $314 | $338 | $20 | $102 | $974 | $81 |
| Highlander 4WD | $224 | $382 | $338 | $20 | $102 | $1,066 | $89 |
| Highlander Sport 4WD | $224 | $382 | $338 | $20 | $102 | $1,066 | $89 |
| Highlander SE 2WD | $224 | $382 | $338 | $20 | $102 | $1,066 | $89 |
| Highlander Sport 2WD | $224 | $382 | $338 | $20 | $102 | $1,066 | $89 |
| Highlander Limited 2WD | $250 | $450 | $338 | $20 | $102 | $1,160 | $97 |
| Highlander SE 4WD | $250 | $450 | $338 | $20 | $102 | $1,160 | $97 |
| Highlander Limited 4WD | $250 | $450 | $338 | $20 | $102 | $1,160 | $97 |
| Highlander Hybrid 4WD | $250 | $450 | $338 | $20 | $102 | $1,160 | $97 |
| Highlander Hybrid Limited 4WD | $250 | $450 | $338 | $20 | $102 | $1,160 | $97 |
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Information does not factor in specific Lincoln garaging location which can influence premium rates considerably.
Higher deductibles lower rates
When comparing auto insurance rates, the most common question is which deductibles should you choose. The data tables below can help show how much more you’ll pay when you select higher and lower coverage deductibles. The first data table uses a $100 deductible for physical damage and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $258 | $382 | $300 | $18 | $90 | $1,073 | $89 |
| Highlander 4WD | $292 | $466 | $300 | $18 | $90 | $1,191 | $99 |
| Highlander Sport 4WD | $292 | $466 | $300 | $18 | $90 | $1,191 | $99 |
| Highlander SE 2WD | $292 | $466 | $300 | $18 | $90 | $1,191 | $99 |
| Highlander Sport 2WD | $292 | $466 | $300 | $18 | $90 | $1,191 | $99 |
| Highlander Limited 2WD | $324 | $548 | $300 | $18 | $90 | $1,305 | $109 |
| Highlander SE 4WD | $324 | $548 | $300 | $18 | $90 | $1,305 | $109 |
| Highlander Limited 4WD | $324 | $548 | $300 | $18 | $90 | $1,305 | $109 |
| Highlander Hybrid 4WD | $324 | $548 | $300 | $18 | $90 | $1,305 | $109 |
| Highlander Hybrid Limited 4WD | $324 | $548 | $300 | $18 | $90 | $1,305 | $109 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $188 | $258 | $300 | $18 | $90 | $854 | $71 |
| Highlander 4WD | $212 | $314 | $300 | $18 | $90 | $934 | $78 |
| Highlander Sport 4WD | $212 | $314 | $300 | $18 | $90 | $934 | $78 |
| Highlander SE 2WD | $212 | $314 | $300 | $18 | $90 | $934 | $78 |
| Highlander Sport 2WD | $212 | $314 | $300 | $18 | $90 | $934 | $78 |
| Highlander Limited 2WD | $236 | $370 | $300 | $18 | $90 | $1,014 | $85 |
| Highlander SE 4WD | $236 | $370 | $300 | $18 | $90 | $1,014 | $85 |
| Highlander Limited 4WD | $236 | $370 | $300 | $18 | $90 | $1,014 | $85 |
| Highlander Hybrid 4WD | $236 | $370 | $300 | $18 | $90 | $1,014 | $85 |
| Highlander Hybrid Limited 4WD | $236 | $370 | $300 | $18 | $90 | $1,014 | $85 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price estimates do not factor in vehicle garaging location which can alter premium rates greatly.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you roughly $22 more each month or $264 each year across all Toyota Highlander models than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 18 months between claims, you would save money if you choose a higher deductible.
Rate difference between full and liability-only coverage
The example below shows the comparison of Toyota Highlander car insurance costs with and without physical damage coverage. Data assumes no claims or driving violations, $1,000 deductibles, single marital status, and no additional discounts are factored in.
Should you be buying full coverage?
There is no specific rule for eliminating comp and collision coverage, but there is a general guideline. If the annual cost of having full coverage is more than 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s say your Toyota Highlander replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $4,000 after the policy deductible has been paid. If it’s costing in excess of $400 annually for physical damage coverage, then you might want to consider buying only liability coverage.
There are some situations where eliminating full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage in place.
Three reasons to not skimp on car insurance
Even though Lincoln Highlander insurance rates can get expensive, paying for car insurance is required in Nebraska but it also protects you in many ways.
First, just about all states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability protection in order to license the vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you bought your Toyota Highlander with a loan, most lenders will force you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Toyota for a much higher rate and require you to pay the higher premium.
Third, insurance safeguards both your car and your assets. It will also pay for many types of medical costs for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If your Toyota gets damaged, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance more than offset the price you pay, specifically if you ever have a liability claim. The average driver in America is currently overpaying as much as $850 per year so compare quotes from several companies every year to be sure current rates are still competitive.
Lower your auto insurance rates with discounts
Auto insurance is not cheap nor is it fun to buy but there’s a good chance there are discounts that can help lower your rates. Certain credits will be shown when you quote, but less common discounts must be asked for before you get the savings.
- Driver’s Ed – It’s a good idea to have your young drivers successfully take a driver’s education course as it can save substantially.
- Save with a New Car – Adding a new car to your policy can save up to 30% because new model year vehicles have to meet stringent safety requirements.
- No Accidents – Drivers who don’t have accidents get the best auto insurance rates as compared to frequent claim filers.
- ABS Braking Discount – Anti-lock brake equipped vehicles are safer to drive so you can save 10 percent or more.
- Policy Bundle Discount – If you can combine your auto and homeowners policy with the same insurance company you will save at least 10 to 15 percent or more.
- Discount for Low Mileage – Driving fewer miles can qualify you for cheaper prices.
- Lincoln Homeowners Discount – Simply owning a home can save you money because of the fact that having a home requires a higher level of personal finance.
- Good Students Pay Less – A discount for being a good student can save 20 to 25%. The good student discount can last well after school through age 25.
A quick disclaimer, most of the big mark downs will not be given to your bottom line cost. Most cut specific coverage prices like liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, nobody gets a free ride. But any discount should help lower your overall premium however.
The chart below shows the difference between Toyota Highlander insurance costs with and without discounts applied to the rates. The premium estimates are based on a female driver, no claims or driving violations, Nebraska state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, homeowner, marriage, and multi-car discounts applied.
Car insurance companies that may have most of these discounts include:
It’s a good idea to ask every company which credits you are entitled to. All car insurance discounts may not apply in your state.
Insurance agents near you
Many people would prefer to buy from a local agent and that is a smart decision A good thing about getting online price quotes is that drivers can save money and get cheap rate quotes and still have an agent to talk to.
After completing this form (opens in new window), your insurance data is submitted to participating agents in Lincoln that can provide free Lincoln car insurance quotes for your coverage. It makes it easy because there is no need to leave your computer because prices are sent instantly to you. You can find better rates without the usual hassles of price shopping. If for some reason you want to compare prices from a specific insurance company, you can always visit that company’s website and fill out the quote form the provide.
Picking a provider requires more thought than just the bottom line cost. These are some questions your agent should answer.
- How many years of experience in personal auto insurance do they have?
- Does the agency provide any after hours assistance?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Do they prorate repair cost based on vehicle mileage?
- Are claim adjusters local or do you have to take your car somewhere else?
- How long has the business existed?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Are there any hidden costs in their price quote and does it include driving and credit history?
Different types of Lincoln car insurance agents
If you prefer to buy insurance from a local insurance agency, you must know there are a couple types of agencies that differ in how they can insure your vehicles. Insurance agencies in Lincoln are considered either exclusive or independent agents depending on their company appointments.
Exclusive Insurance Agencies
Exclusive agents generally can only insure with one company such as Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot give you multiple price quotes so they have to upsell other benefits. These agents are well trained on what they offer and that allows them to sell at a higher price point. Consumers sometimes choose to use a exclusive agent primarily because of the prominence of the brand rather than having low rates.
Below are Lincoln exclusive insurance agencies that are able to give rate quotes.
- Allstate Insurance: Mitchell Happ
6100 S 58th St e – Lincoln, NE 68516 – (402) 420-5590 – View Map - Shelter Insurance – Richard Diers
4242 Cornhusker Hwy – Lincoln, NE 68504 – (402) 464-9511 – View Map - State Farm – Lincoln – Steve Lang
1401 N 66th St Suite 206 – Lincoln, NE 68505 – (402) 467-2272 – View Map
Independent Agencies or Brokers
Agents of this type often have affiliation with several companies so they have the ability to put coverage with a variety of different insurance companies and get you the best rates possible. If premiums increase, they can switch companies in-house and you don’t have to find a new agent.
If you are comparing rate quotes, you need to include rate quotes from at a minimum one independent agency to get the best comparison. Most independent agents also contract with companies you’ve never heard of which may provide better rates.
Below is a list of independent insurance agents in Lincoln that can give you price quotes.
- UNICO Group
1128 Lincoln Mall #200 – Lincoln, NE 68508 – (402) 434-7200 – View Map - Mittelstadt Agency LLC
1701 K St – Lincoln, NE 68508 – (402) 434-3990 – View Map - Cornhusker Insurance Agency
6100 Apples Way #110 – Lincoln, NE 68516 – (402) 436-2423 – View Map
Compare but don’t skimp
When buying insurance coverage, do not buy less coverage just to save a little money. There have been many situations where an insured cut uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy the best coverage you can find at the best price and still be able to protect your assets.
In this article, we presented many ways to shop for Toyota Highlander insurance online. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding affordable Lincoln car insurance quotes. You may even be surprised to find that the biggest savings come from the smaller companies.
A few companies may not provide the ability to get quotes online and these regional carriers only sell coverage through local independent agencies. Lower-priced Toyota Highlander insurance in Lincoln can be sourced from both online companies and also from your neighborhood Lincoln agents, and you should compare rates from both to have the best selection.
How to quote cheaper Toyota Highlander insurance in Lincoln
It takes a little time, but the best way to get affordable car insurance rates is to compare quotes once a year from insurers that insure vehicles in Lincoln.
- Read and learn about the coverage provided by your policy and the measures you can control to keep rates in check. Many policy risk factors that are responsible for high rates like speeding and a low credit rating can be controlled by making small lifestyle or driving habit changes.
- Compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive or Farmers Insurance, while independent agencies can provide prices for a wide range of companies.
- Compare the new rate quotes to your existing coverage to see if cheaper Highlander coverage is available in Lincoln. If you find a better price, verify that coverage does not lapse between policies.
- Provide proper notification to your current company of your intention to cancel your existing policy. Submit a down payment along with a completed application for your new policy. Immediately put the certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.
A good tip to remember is that you’ll want to compare the same amount of coverage on each quote request and and to get quotes from as many car insurance companies as possible. This ensures the most accurate price comparison and a complete selection of prices.
Additional information is available on the following sites:
- Smart Auto Insurance Tips (Insurance Information Institute)
- Who Has Affordable Lincoln Auto Insurance Rates for a Jeep Grand Cherokee? (FAQ)
- Distracted Driving (Insurance Information Institute)
- Choosing a Car for Your Teen (State Farm)
- Collision Coverage (Liberty Mutual)