It’s safe to conclude that insurance companies want to keep you from comparing rates. Consumers who compare other prices will most likely buy a different policy because there are good odds of getting low-cost coverage. A recent survey found that consumers who make a habit of shopping around saved on average $70 a month as compared to drivers who never compared rates.
If finding low prices for insurance is your intention, then having some knowledge of the best ways to shop for car insurance can help make the process easier and more efficient.
To save the most money, the best way to save on auto insurance rates in Louisville is to compare quotes annually from insurance carriers in Kentucky.
- Step 1: Try to understand how auto insurance works and the things you can change to prevent expensive coverage. Many policy risk factors that cause high rates like distracted driving and an unacceptable credit history can be improved by making minor changes in your lifestyle. Continue reading for the details to help prevent costly coverage and find additional discounts you may qualify for.
- Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from one company like Progressive and State Farm, while agents who are independent can provide prices from multiple companies. Click to view companies
- Step 3: Compare the quotes to the price on your current policy to see if a cheaper rate is available. If you can save money and change companies, make sure coverage is continuous and does not lapse.
One key aspect of rate comparisons is that you use the same liability limits and deductibles on every quote request and to quote with all possible companies. Doing this ensures a level playing field and the most accurate and complete price analysis.
All the larger insurance companies give price estimates on their websites. Getting Toyota Highlander insurance prices online is quite easy because it’s just a matter of typing in your personal and coverage information into the quote form. Once you submit the form, the system makes automated requests for reports for credit and driving violations and quotes a price.
Using the web to get rate quotes for Toyota Highlander insurance in Louisville makes it easy to compare insurance prices and it is imperative to perform this step in order to find the best rate.
To find out if lower rates are available, compare rates now from the companies shown below. If you have your current policy handy, we recommend you duplicate the coverage information exactly as shown on your declarations page. This makes sure you will be getting a price comparison for similar insurance coverage.
The companies shown below offer comparison quotes in Louisville, KY. In order to find the cheapest auto insurance in Kentucky, we suggest you visit several of them to find the most competitive car insurance rates.
Three reasons insurance is important
Despite the high insurance cost for a Toyota Highlander in Louisville, paying for insurance may be required for several reasons.
- The majority of states have mandatory insurance requirements which means state laws require a specific minimum amount of liability coverage in order to get the vehicle licensed. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Highlander, most banks will make it mandatory that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender may insure your Toyota at a significantly higher premium and require you to reimburse them the higher price.
- Insurance safeguards both your assets and your car. It will also reimburse you for many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of your driving. If mother nature or an accident damages your car, your insurance policy will pay to repair the damage.
The benefits of having insurance are definitely more than the cost, particularly for liability claims. The average driver in Kentucky is overpaying more than $700 annually so shop around at least once a year to help ensure money is not being wasted.
Coverage information
The rate table displayed next showcases detailed analysis of insurance costs for Toyota Highlander models. Having a good grasp of how auto insurance policy rates are formulated can be of help when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $248 | $402 | $396 | $24 | $118 | $1,188 | $99 |
| Highlander 4WD | $280 | $488 | $396 | $24 | $118 | $1,306 | $109 |
| Highlander Sport 4WD | $280 | $488 | $396 | $24 | $118 | $1,306 | $109 |
| Highlander SE 2WD | $280 | $488 | $396 | $24 | $118 | $1,306 | $109 |
| Highlander Sport 2WD | $280 | $488 | $396 | $24 | $118 | $1,306 | $109 |
| Highlander Limited 2WD | $310 | $576 | $396 | $24 | $118 | $1,424 | $119 |
| Highlander SE 4WD | $310 | $576 | $396 | $24 | $118 | $1,424 | $119 |
| Highlander Limited 4WD | $310 | $576 | $396 | $24 | $118 | $1,424 | $119 |
| Highlander Hybrid 4WD | $310 | $576 | $396 | $24 | $118 | $1,424 | $119 |
| Highlander Hybrid Limited 4WD | $310 | $576 | $396 | $24 | $118 | $1,424 | $119 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium amounts do not factor in vehicle garaging location which can impact premium rates noticeably.
Physical damage deductible comparison
The hardest decision when buying coverage is where should you set your physical damage deductibles. The rates shown below lay out the cost difference between high and low coverage deductibles. The first rate estimation uses a $250 physical damage deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $252 | $350 | $326 | $20 | $98 | $1,071 | $89 |
| Highlander 4WD | $284 | $426 | $326 | $20 | $98 | $1,179 | $98 |
| Highlander Sport 4WD | $284 | $426 | $326 | $20 | $98 | $1,179 | $98 |
| Highlander SE 2WD | $284 | $426 | $326 | $20 | $98 | $1,179 | $98 |
| Highlander Sport 2WD | $284 | $426 | $326 | $20 | $98 | $1,179 | $98 |
| Highlander Limited 2WD | $318 | $500 | $326 | $20 | $98 | $1,287 | $107 |
| Highlander SE 4WD | $318 | $500 | $326 | $20 | $98 | $1,287 | $107 |
| Highlander Limited 4WD | $318 | $500 | $326 | $20 | $98 | $1,287 | $107 |
| Highlander Hybrid 4WD | $318 | $500 | $326 | $20 | $98 | $1,287 | $107 |
| Highlander Hybrid Limited 4WD | $318 | $500 | $326 | $20 | $98 | $1,287 | $107 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Highlander 2WD | $156 | $220 | $326 | $20 | $98 | $820 | $68 |
| Highlander 4WD | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| Highlander Sport 4WD | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| Highlander SE 2WD | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| Highlander Sport 2WD | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| Highlander Limited 2WD | $196 | $316 | $326 | $20 | $98 | $956 | $80 |
| Highlander SE 4WD | $196 | $316 | $326 | $20 | $98 | $956 | $80 |
| Highlander Limited 4WD | $196 | $316 | $326 | $20 | $98 | $956 | $80 |
| Highlander Hybrid 4WD | $196 | $316 | $326 | $20 | $98 | $956 | $80 |
| Highlander Hybrid Limited 4WD | $196 | $316 | $326 | $20 | $98 | $956 | $80 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rates do not factor in garaging location in Louisville which can revise insurance rates considerably.
We can estimate from the data above that using a $250 deductible costs roughly $26 more each month or $312 annually than opting for the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 29 months between claims, you would save money if you decide on a higher deductible.
Drive safe and save
The information below shows how traffic citations and at-fault accidents can drive up Toyota Highlander insurance premiums for different insured age categories. The information is based on a married male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.
Rate comparison of males versus females in Louisville
The diagram below shows the difference between Toyota Highlander annual premium costs for male and female drivers. The data assumes no violations or claims, full physical damage coverage, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.
Discounts for lower-cost auto insurance quotes
Insuring your vehicles can cost a lot, but there’s a good chance there are discounts that can drop the cost substantially. A few discounts will automatically apply when you quote, but some discounts are required to be asked about before you will receive the discount.
- Anti-lock Brake Discount – Cars equipped with ABS or steering control can avoid accidents and earn discounts up to 10%.
- Life Insurance – If the company offers life insurance, you could get better premium rates if you take out a life policy as well.
- Home Ownership Discount – Owning a home in Louisville can get you a discount due to the fact that maintaining a home demonstrates responsibility.
- Passenger Safety Discount – Options like air bags or automatic seat belts can qualify for discounts up to 30%.
- Paperwork-free – A few larger online companies may give you up to $50 for buying a policy and signing up online.
- Fewer Miles Equal More Savings – Driving less could earn better premium rates on cars that stay parked.
- Savings for New Vehicles – Adding a new car to your policy can get you a discount since newer models have better safety ratings.
- Early Switch Discount – A few larger companies offer discounts for signing up prior to the expiration date on your current Highlander insurance policy. This discount can save up to 10%.
- Pay Now and Pay Less – By paying your entire bill at once instead of paying each month you may have a lower total premium amount.
- Professional Memberships – Participating in a professional or civic organization could earn you a nice discount on your next renewal.
Discounts save money, but please remember that some of the credits will not apply to the entire policy premium. Some only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think all those discounts means the company will pay you, it’s just not the way it works.
The information below illustrates the difference between Toyota Highlander insurance rates with and without discounts being applied to the rates. The rate quotes are based on a female driver, no accidents, no driving violations, Kentucky state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, safe-driver, claim-free, multi-policy, and marriage discounts applied.
Companies and some of the discounts can be found below.
- Farm Bureau has savings for multi-policy, safe driver, renewal discount, good student, and multi-vehicle.
- MetLife may offer discounts for good student, defensive driver, accident-free, claim-free, multi-policy, good driver
- Progressive discounts include good student, online signing, multi-policy, multi-vehicle, homeowner, continuous coverage, and online quote discount.
- AAA policyholders can earn discounts including education and occupation, multi-policy, good driver, anti-theft, good student, and multi-car.
- American Family includes discounts for defensive driver, accident-free, multi-vehicle, Steer into Savings, mySafetyValet, and TimeAway discount.
- GEICO may have discounts that include good student, seat belt use, emergency military deployment, anti-lock brakes, and multi-vehicle.
- State Farm offers discounts including driver’s education, passive restraint, defensive driving training, Steer Clear safe driver discount, safe vehicle, and anti-theft.
When quoting, ask all the companies the best way to save money. Some of the discounts discussed earlier may not apply in your state. If you would like to view insurers with the best Toyota Highlander insurance discounts in Kentucky, click this link.
Buying from auto insurance agents
Some consumers just prefer to have an agent’s advice and that is a smart decision The best thing about comparing insurance prices online is you may find lower prices but still work with a licensed agent. Buying from and supporting local insurance agencies is important particularly in Louisville.
After filling out this quick form, the coverage information is emailed to local insurance agents who can give free rate quotes for your coverage. You don’t have to drive around because quoted prices will be sent to you directly. You can find lower rates without a big time investment. If you have a need to compare rates from a specific insurance provider, you would need to search and find their rate quote page to submit a rate quote request.
Shown below is a short list of insurers in Louisville that may be willing to give price quotes for Toyota Highlander insurance in Louisville.
- Phil Brown Insurance Agency, Inc.
9300 Shelbyville Rd #1004 – Louisville, KY 40222 – (502) 327-6966 – View Map - Joe Bell Jr – State Farm Insurance Agent
4016 Preston Hwy – Louisville, KY 40213 – (502) 361-2367 – View Map - Rudy Scheynost – State Farm Insurance Agent
7619 Dixie Hwy – Louisville, KY 40258 – (502) 937-5256 – View Map - Nationwide Insurance: Lisa Spalding Sherman Insurance Agency Inc
10339 Linn Station Rd – Louisville, KY 40223 – (502) 423-1611 – View Map
Deciding on an company requires more thought than just a low price. These are some questions you should get answers to.
- How long has their agency been open in Louisville?
- Can you choose the body shop in case repairs are needed?
- How much training do they have in personal risk management?
- Are they able to provide referrals?
- How are claims handled?
- Does the company have a local claim office in Louisville?
- Do they specialize in personal lines auto insurance in Louisville?
Your insurance coverage should be tailored to you
When choosing coverage online or from an agent, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different.
Here are some questions about coverages that may help highlight if your situation might need an agent’s assistance.
- How high should my medical payments coverage be?
- When should my teen driver be added to my policy?
- What is motorclub and do I need it?
- Does every company file a SR-22 automatically?
- Is pet coverage available?
- Which companies will insure high-risk drivers?
- I have health insurance so do I need medical payments coverage?
- Should I sign the liability waiver when renting a car?
- What are the financial responsibility laws in my state?
- Can my teen driver be rated on a liability-only vehicle?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find an agent in your area, complete this form.
Find cheap insurance prices by comparing often
When trying to cut insurance costs, do not skimp on critical coverages to save a buck or two. There have been many situations where someone dropped liability limits or collision coverage only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage for the lowest cost while not skimping on critical coverages.
Drivers leave their current company for any number of reasons including being labeled a high risk driver, questionable increases in premium, not issuing a premium refund or even policy cancellation. No matter why you want to switch, finding a great new company can be less work than you think.
We just showed you a lot of techniques to save on Toyota Highlander insurance in Louisville. The most important thing to understand is the more companies you get prices for, the better chance you’ll have of finding inexpensive Louisville auto insurance quotes. Consumers may even find the best price on insurance is with an unexpected company.
More information can be found on the following sites:
- Insuring a Leased Car (Insurance Information Institute)
- Who Has Cheap Auto Insurance for Teenage Males in Louisville? (FAQ)
- Who Has Cheap Louisville Car Insurance for Used Cars? (FAQ)
- Who Has Cheap Louisville Auto Insurance for Hybrid Vehicles? (FAQ)
- How Much are Louisville Car Insurance Rates for State Employees? (FAQ)
- Who Has Affordable Car Insurance Rates for Electric Cars in Louisville? (FAQ)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Side Impact Crash Tests (iihs.org)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Vehicle Size and Weight FAQ (iihs.org)