We don’t have to tell you that auto insurance companies don’t want their customers to go rate shopping. People who get comparison quotes once a year will most likely buy a different policy because there is a high probability of finding a lower rate. Surprisingly, a recent survey revealed that drivers who compared rates once a year saved about $865 annually as compared to drivers who never shopped around.
If saving money on auto insurance in Anchorage is your ultimate target, then having some insight into how to get rate quotes and compare auto insurance can help you be more efficient.
If saving money is your primary concern, then the best way to find discount Toyota Highlander insurance is to start doing an annual price comparison from insurance carriers in Anchorage.
- Spend a few minutes and learn about how insurance works and the measures you can control to prevent expensive coverage. Many rating criteria that are responsible for high rates like traffic violations and an unacceptable credit rating can be eliminated by improving your driving habits or financial responsibility.
- Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Allstate, while independent agencies can provide price quotes from multiple companies.
- Compare the new rate quotes to the premium of your current policy to see if a cheaper price is available. If you find a better price and make a switch, make sure coverage is continuous and does not lapse.
- Notify your current company of your decision to cancel the current policy and submit the signed application along with the required initial payment to the new insurer. As soon as you receive it, put the proof of insurance paperwork in an easily accessible location in your vehicle.
An essential thing to point out is to compare the same level of coverage on every quote and and to analyze as many companies as feasibly possible. Doing this provides a level playing field and the most accurate and complete price analysis.
Auto insurance rates and discounts
Auto insurance is neither fun to buy or cheap, but you may find discounts that can dramatically reduce your bill. Some discounts will apply at quote time, but a few must be asked about before they will apply.
- Employee of Federal Government – Federal government employees could provide a small rate reduction with select insurance companies.
- Discount for Life Insurance – Auto insurance companies who offer life insurance give better auto insurance rates if you take out auto and life insurance together.
- Early Renewal Discounts – Select insurance companies give a discount for switching to them prior to your current Highlander insurance policy expiration. The savings is around 10%.
- Good Students Pay Less – A discount for being a good student can save 20 to 25%. You can use this discount normally until age 25.
- Responsible Drivers – Drivers who avoid accidents could pay up to 40% less than their less cautious counterparts.
Don’t be shocked that most discounts do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So when it seems like it’s possible to get free car insurance, it just doesn’t work that way. But all discounts will cut your policy premium.
The illustration below illustrates the difference between Toyota Highlander car insurance rates with and without discounts. The premiums assume a female driver, a clean driving record, no claims, Alaska state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, marriage, multi-car, and homeowner discounts applied.
The best auto insurance companies and a selection of discounts are included below.
- American Family may have discounts that include defensive driver, Steer into Savings, multi-vehicle, early bird, and good student.
- State Farm offers premium reductions for good student, multiple policy, anti-theft, good driver, safe vehicle, multiple autos, and accident-free.
- 21st Century offers discounts for early bird, defensive driver, theft prevention, good student, driver training, and student driver.
- Travelers offers discounts including good student, hybrid/electric vehicle, multi-car, IntelliDrive, and payment discounts.
- GEICO has savings for emergency military deployment, five-year accident-free, good student, multi-policy, and air bags.
When comparing rates, check with every insurance company how many discounts you can get. A few discounts might not be offered everywhere. To find insurance companies with significant discounts in Anchorage, click here to view.
Most companies such as State Farm, Allstate and GEICO make it easy to get prices from their websites. Doing online quotes for Toyota Highlander insurance in Anchorage is pretty painless as you just type in your coverage preferences as detailed in the form. After the form is submitted, their system automatically retrieves your driving and credit reports and returns a price based on these and other factors. Being able to quote online for Toyota Highlander insurance in Anchorage streamlines rate comparisons, and it is imperative to get many rate quotes if you want to get the best rate.
To find out how much you’re overpaying now, take a look at the companies shown below. If you currently have coverage, we recommend you enter the insurance coverages exactly as shown on your declarations page. This ensures you will get a price comparison using the exact same coverages.
The companies in the list below are ready to provide free rate quotes in Alaska. If you wish to find the best car insurance in AK, we suggest you visit as many as you can in order to get a fair rate comparison.
Rates and information analytics
The rate information displayed below showcases detailed analysis of rate quotes for Toyota Highlander models. Learning as much as possible about how insurance rates are established can be of help when making smart choices when choosing a car insurance company.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$256||$414||$278||$16||$84||$1,048||$87|
|Highlander SE 2WD||$256||$414||$278||$16||$84||$1,048||$87|
|Highlander Sport 2WD||$256||$414||$278||$16||$84||$1,048||$87|
|Highlander Limited 2WD||$286||$488||$278||$16||$84||$1,152||$96|
|Highlander SE 4WD||$286||$488||$278||$16||$84||$1,152||$96|
|Highlander Limited 4WD||$286||$488||$278||$16||$84||$1,152||$96|
|Highlander Hybrid 4WD||$286||$488||$278||$16||$84||$1,152||$96|
|Highlander Hybrid Limited 4WD||$286||$488||$278||$16||$84||$1,152||$96|
|Get Your Own Custom Quote Go|
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Price information does not factor in specific location which can influence insurance rates substantially.
Comparison of auto insurance rates by gender
The illustration below shows the comparison of Toyota Highlander annual premium costs for male and female drivers. Data assumes no claims or violations, full physical damage coverage, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
Rate comparison of full coverage and liability-only
The information below visualizes the comparison of Toyota Highlander insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on no claims or driving violations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
When to buy liability coverage only
There isn’t a steadfast formula to delete full coverage, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s pretend your Toyota Highlander claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after the deductible is paid. If you are paying more than $600 annually for physical damage coverage, then you might want to consider buying only liability coverage.
There are some cases where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage.
Toyota Highlander Insurance Rate Factors
Smart consumers have a good feel for a few of the rating criteria that go into determining the level of your policy premiums. If you have a feel for what influences your rates, this allows you to make educated decisions that will entitle you to much lower annual insurance costs. Lots of things are taken into consideration when you get a price on insurance. A few of the factors are predictable like an MVR report, although some other factors are less apparent like your continuous coverage or your financial responsibility.
The factors shown below are some of the most common factors companies use to determine your rate level.
- Employer and insurance premiums – Jobs like real estate brokers, executives, and accountants tend to have higher premiums than the average policyholder in part from stressful work requirements and lengthy work days. Other careers such as actors, students and performers generally pay rates lower than average.
- Buy a safe car and pay less – Safe vehicles are cheaper to insure. These vehicles result in less severe injuries and any reduction in injury severity means lower claim amounts and thus lower rates. If the Toyota Highlander scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
Careless drivers pay higher premiums – Even a single moving violation can bump up the cost forty percent or more. Good drivers tend to pay less for car insurance than people who have multiple driving citations. People who have license-revoking tickets like DUI or willful reckless driving are required to maintain a SR-22 with their state’s licensing department in order to prevent a license revocation.
The example below illustrates how traffic citations and at-fault accidents can affect Toyota Highlander auto insurance rates for each age group. The costs are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.
- Never let your insurance policy lapse – Not maintaining insurance is against the law and as a result your rates will increase for letting your insurance lapse for non-payment. Not only will rates go up, getting caught without coverage might get you fines and jail time. You may need to prove you have insurance by filing a SR-22 with the Alaska DMV.
Performance impacts costs – The performance of the car, truck or SUV you are insuring makes a substantial difference in your auto insurance rates. The most favorable rates will normally be found when insuring low performance passenger cars, but that’s not the only thing that factors into the final price.
The data below uses these assumptions: married female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It shows Toyota Highlander policy rates compared to other models that have a range of risk factors.
- Annual miles is a factor – Driving a lot of miles in a year the higher your rate. The majority of insurers calculate prices based upon how much you drive. Vehicles that have low annual miles cost less to insure than those used for commuting. An improperly rated Highlander may be wasting your money. Make sure your insurance coverage reflects the right rating data.
- Marriage is a factor – Being married may earn you lower rates on your policy. It translates into being more mature and statistics show married drivers tend to file fewer claims.
Loss probability for a Toyota Highlander – Insurers include the past claim trends for vehicles to help set a rate to offset losses. Models that the data determines to have high amounts or severity of claims will cost more for coverage. The table below illustrates the insurance loss data for Toyota Highlander vehicles.
For each policy coverage type, the loss probability for all vehicles combined as an average is a value of 100. Percentage values below 100 suggest losses that are better than average, while values that are above 100 indicate frequent claims or an increased chance of larger losses than average.
Insurance Loss Ratings for Toyota Highlander Vehicles 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 143BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
You are unique and your auto insurance should be too
When it comes to the best auto insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different.
These are some specific questions might point out whether or not you could use an agent’s help.
- Where can I get insurance after a DUI in Alaska?
- Do I need replacement cost coverage?
- Can I afford low physical damage deductibles?
- Should I buy full coverage?
- Do I need motorclub coverage?
- Which companies will insure high-risk drivers?
- When should I buy a commercial auto policy?
- How does medical payments coverage work?
- Does my policy cover me if I wreck while driving under the influence?
- How high should my medical payments coverage be?
If you’re not sure about those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form.
Exclusive and independent insurance agents
Many drivers just want to buy from a licensed agent and often times that is recommended A good thing about comparing rate quotes online is you can get the lowest rates and still have a local agent.
After filling out this quick form, your insurance coverage information gets sent to companies in Anchorage that give free quotes for your coverage. You never need to leave your computer since price quotes are sent immediately to you. You can get cheaper auto insurance rates without having to waste a lot of time. If you need to get a rate quote for a specific company, just navigate to their website and submit a quote form there.
Picking the best company shouldn’t rely on just a cheap price. These are some valid questions you should ask.
- Is the quote a firm price?
- How often do they review policy coverages?
- Will your rates increase after a single accident?
- Is there a 24/7 contact number?
- Does the agency have a current Errors and Omissions policy?
- What are their preferred companies if they are an independent agency?
When narrowing the list to find a local agent, there are two types of agencies from which to choose. Auto insurance policy providers can be categorized as either independent agents or exclusive agents depending on their employer.
Exclusive Auto Insurance Agents
These agents can usually just insure with one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They generally cannot place coverage with different providers so you might not find the best rates. Exclusive agencies are usually well trained in insurance sales which can be an advantage.
Shown below are exclusive insurance agencies in Anchorage who can help you get price quote information.
Independent Auto Insurance Agents
These type of agents do not work for one specific company so they have the ability to put coverage with many different companies and find the cheapest rate. If premiums increase, they simply move the coverage in-house which is easy for the insured. If you are comparing rate quotes, we recommend you get insurance quotes from a few independent agents in order to have the best price comparison.
Shown below are independent agents in Anchorage that are able to give rate quotes.
Protect more than your Toyota Highlander
Despite the high cost of buying insurance for a Toyota Highlander in Anchorage, buying car insurance is not optional due to several reasons.
- Just about all states have minimum liability requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance if you want to drive legally. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Highlander with a loan, most lenders will force you to carry insurance to guarantee payment of the loan. If coverage lapses or is canceled, the lender will be forced to insure your Toyota at a more expensive rate and force you to pay for the expensive policy.
- Car insurance protects both your Toyota and your personal assets. Insurance will also pay for medical transport and hospital expenses incurred in an accident. Liability coverage will also pay to defend you if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to repair the damage.
The benefits of buying car insurance greatly outweigh the cost, especially with large liability claims. Today the average American driver overpays as much as $820 a year so compare rate quotes once a year at a minimum to be sure current rates are still competitive.
How to find a good Anchorage auto insurance company
Insuring your vehicle with the best insurance company can be rather challenging considering how many companies sell coverage in Anchorage. The company information shown below could help you decide which providers you want to consider comparing price quotes from.
Top 10 Anchorage Car Insurance Companies by A.M. Best Rank
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- The General – A-
- AAA Insurance – A
- Liberty Mutual – A
Cheap auto insurance is out there
We just presented quite a bit of information on how to compare Toyota Highlander insurance rates in Anchorage. The most important thing to understand is the more rate quotes you have, the better your comparison will be. Consumers may even find the lowest rates are with a smaller regional carrier.
Some companies do not offer online rate quotes and usually these regional carriers sell through local independent agencies. Cheap Toyota Highlander insurance in Anchorage is available online and with local Anchorage insurance agents, so you should be comparing quotes from both so you have a total pricing picture.
Consumers who switch companies do it for many reasons like extreme rates for teen drivers, not issuing a premium refund, questionable increases in premium or even an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding a new auto insurance company is pretty simple and you could end up saving a buck or two.
Additional information is available on the following sites:
- A Tree Fell on Your Car: Now What? (Allstate)
- Who Has the Cheapest Car Insurance Quotes for a Jeep Wrangler in Anchorage? (FAQ)
- How Much are Car Insurance Quotes for Nurses in Anchorage? (FAQ)
- Who Has Cheap Anchorage Auto Insurance for Uber Drivers? (FAQ)
- How Much is Anchorage Auto Insurance for a Kia Forte? (FAQ)
- Who Has Affordable Anchorage Car Insurance for Postal Workers? (FAQ)
- Who Has Affordable Anchorage Auto Insurance Rates for Teenage Males? (FAQ)
- Who Has Affordable Auto Insurance for Retired Military in Anchorage? (FAQ)
- Understanding Car Crashes Video (iihs.org)
- How to shop for a safer car (Insurance Institute for Highway Safety)