- Toyota Highlander car insurance costs an average of $1,806 per year or around $151 per month, depending on the trim level.
- Drivers can find the cheapest Highlander insurance on the base L 2WD model, costing an average of $1,582 per year. The Highlander Hybrid Platinum AWD has the highest rates at $2,034 per year.
- Out of 31 vehicles in the 2023 midsize SUV segment, the Highlander ranks 21st for insurance affordability.
- Policy premium discounts for being a good driver, bundling policies, being in the military and more can reduce the cost of insurance significantly.
How much does Toyota Highlander insurance cost?
Toyota Highlander car insurance costs an average of $1,806 a year, or about $151 a month. Expect to pay about $36 more annually for Toyota Highlander insurance compared to the midsize SUV average rate.
When average Highlander insurance rates are compared to the cost to insure all vehicles (not just midsize SUVs), the Highlander costs about $78 more to insure than the national average rate of $1,728 per year, which is a 4.4% difference.
If we just compare rates for new 2023 models, the Highlander costs about 7.6% less to insure than the national average rate for 2023 model year vehicles of $1,948 per year.
The following chart breaks down average Toyota Highlander auto insurance cost using a variety of different driver ages and risk scenarios. The average rate for comparison purposes is the ‘Safe Driver Age 40’ data point shown below.
|Driver Risk Profile||Annual Rate||Monthly Rate|
|High Risk Driver Age 30||$4,130||$344|
|Safe Driver Age 20||$3,614||$301|
|At-fault Accidents Age 40||$2,548||$212|
|Low Deductibles Age 40||$2,398||$200|
|Safe Driver Age 30||$1,916||$160|
|Safe Driver Age 40||$1,806||$151|
|Safe Driver Age 50||$1,646||$137|
|Safe Driver Age 60||$1,618||$135|
|High Deductibles Age 40||$1,504||$125|
|Discount Rate Age 40||$1,502||$125|
To help you comprehend the full scope of car insurance rates for the Highlander, keep in mind that buying a liability-only policy in some parts of Idaho or Wisconsin can be as low as $228 a year, while a 16-year-old driver with a few speeding tickets in some areas in New York City could cost as much as $15,180 a year for a policy with full coverage.
Luckily, most people will fall toward the lower end of that price range. Insurance rates are very complex, and so many factors contribute to your final rate that the illustration above should reinforce the importance of getting actual rate quotes when comparing rates.
What is the cheapest Toyota Highlander insurance?
With 2023 Toyota Highlander car insurance rates ranging from $1,582 to $2,034 per year for the average driver, the lowest-cost trim level to insure is the Highlander L 2WD. The second cheapest model to insure is the Highlander L AWD at $1,622 per year.
Plan on budgeting at least $132 per month for full coverage Highlander insurance but less if insuring for liability-only. Average Toyota Highlander insurance cost per month ranges from $132 to $170 depending on the trim level.
For the more expensive models, the three highest cost Highlander models to insure are the Highlander Hybrid Limited AWD, the Hybrid Platinum 2WD, and the Hybrid Platinum AWD trim levels at an estimated $1,994, $2,016, and $2,034 per year, respectively.
In most instances, as the MSRP expands as the package or trim level increases, insurance cost goes up accordingly. Glancing at the chart below reinforces that theory, as the base models have the cheapest insurance rates and the high-end Hybrid Platinum trim is the most expensive.
|Toyota Highlander Trim Level||Annual Policy||Six-Month Policy||Per Month|
|Bronze Edition 2WD||$1,768||$884||$147|
|Bronze Edition AWD||$1,792||$896||$149|
|Hybrid LE 2WD||$1,842||$921||$154|
|Hybrid LE AWD||$1,872||$936||$156|
|Hybrid XLE 2WD||$1,898||$949||$158|
|Hybrid XLE AWD||$1,922||$961||$160|
|Hybrid Limited 2WD||$1,974||$987||$165|
|Hybrid Limited AWD||$1,994||$997||$166|
|Hybrid Platinum 2WD||$2,016||$1,008||$168|
|Hybrid Platinum AWD||$2,034||$1,017||$170|
Is Toyota Highlander insurance expensive?
The 2023 Toyota Highlander ranks 21st out of 31 total comparison vehicles in the midsize SUV segment. Highlander insurance costs an average of $1,806 per year, while the category average rate is $1,770 per year, a difference of $36 per year.
When compared to popular vehicles in the midsize SUV segment, car insurance for a Toyota Highlander costs $120 less per year than the Jeep Grand Cherokee, $264 more than the Ford Explorer, $162 less than the Jeep Cherokee, and $248 more than the Subaru Outback.
Since rates vary considerably based on the trim level you’re insuring, Highlander car insurance could conceivably cost less than many of the other models that rank better in the chart. We average rates for all trim levels of each model, so it’s best to just get a quote so you know exactly how much insurance will cost for your personal situation and zip code.
The chart below shows how the Highlander compares to the rest of the top 10 selling midsize SUVs in the U.S. We also include a more comprehensive rate table after the chart that ranks car insurance affordability for the entire 2023 midsize sport utility vehicle class.
|8||Volkswagen Atlas Cross Sport||$1,616||-$190|
|19||Mitsubishi Outlander Sport||$1,790||-$16|
|23||Hyundai Santa Fe||$1,858||$52|
|24||Jeep Grand Cherokee||$1,926||$120|
|28||Tesla Model Y||$2,026||$220|
|29||Mitsubishi Outlander PHEV||$2,072||$266|
Comparing car insurance quotes on a Toyota Highlander to models in a similar price range gives more insight into how rates compare. The 2023 Highlander has an average purchase price of $44,809 with MSRP ranging from $36,420 to $52,425.
The models in the midsize non-luxury SUV segment that have the most similar average MSRP to the Toyota Highlander are the GMC Acadia, Honda Pilot, Toyota 4Runner, and Chevrolet Traverse.
Here’s how those models compare to the Toyota Highlander both by sticker price and average full-coverage insurance cost. For comparisons of other makes and models, see our insurance rate comparisons page.
- Toyota Highlander vs. GMC Acadia – The 2023 GMC Acadia sells for an average of $44,567, ranging from $38,195 to $51,500, which is $242 cheaper than the average cost of the Highlander. The cost to insure a Toyota Highlander compared to the GMC Acadia is $80 more per year on average.
- Toyota Highlander vs. Honda Pilot – The average MSRP for a 2023 Toyota Highlander is $414 cheaper than the Honda Pilot, at $44,809 compared to $45,223. Insurance on a 2023 Toyota Highlander costs an average of $64 more every 12 months than the Honda Pilot.
- Toyota Highlander vs. Toyota 4Runner – Having an average price of $44,390 ($38,805 to $53,270), the Toyota 4Runner costs $419 less than the average cost for the Highlander. Insurance on the Toyota Highlander costs an average of $110 more per year than the Toyota 4Runner.
- Toyota Highlander vs. Chevrolet Traverse – New off the lot, the MSRP for the Chevrolet Traverse averages $561 more than the average sticker price for the Highlander ($45,370 compared to $44,809). Insuring the Highlander compared to the Chevrolet Traverse costs an average of $76 more annually.
Insurance rates on new vs. used models
As a vehicle gets older, it’s worth less due to depreciation. The value of a vehicle from an insurance standpoint affects the cost to insure it due to the lower payment that the company would have to make if the vehicle is totaled in an accident, stolen, or destroyed by a fire or flood.
Most vehicles will cost less to insure than newer model years, but there are exceptions. If a car manufacturer adds significant new safety features to a vehicle that helps prevent occupant injuries or collisions, the newer model can actually cost less to insure.
The table below breaks down average insurance rates for the Toyota Highlander models from a new 2023 model back to a 2013 model.
|Model Year and Vehicle||Driver Age 20||Driver Age 40||Driver Age 60|
|2023 Toyota Highlander||$3,614||$1,806||$1,618|
|2022 Toyota Highlander||$3,416||$1,704||$1,528|
|2021 Toyota Highlander||$3,524||$1,754||$1,574|
|2020 Toyota Highlander||$3,480||$1,734||$1,554|
|2019 Toyota Highlander||$3,282||$1,632||$1,466|
|2018 Toyota Highlander||$3,198||$1,590||$1,428|
|2017 Toyota Highlander||$3,040||$1,514||$1,358|
|2016 Toyota Highlander||$3,076||$1,534||$1,380|
|2015 Toyota Highlander||$2,748||$1,374||$1,234|
|2014 Toyota Highlander||$2,632||$1,320||$1,186|
|2013 Toyota Highlander||$2,464||$1,242||$1,110|
Also shown in the table are rates for three different driver age groups. We touched on this earlier in the article, but younger drivers are more expensive to insure, all things being equal. In the case of the Highlander, a 20-year-old driver has significantly higher insurance rates than either a 40 or 60-year-old driver for all model years.
Car insurance rates trend downward as you age, but around age 65 they start to creep back up. If you’re older, you know that reflexes and response times are not as good as they were in our prime. This results in a slightly higher frequency of accidents when we get into our golden years, and hence, higher insurance rates.
Additional rate factors and policy discounts
There are a lot of different things that affect the amount we pay each year for car insurance. But thankfully, there are also a lot of things you can do to help lower the cost of insurance on your Highlander.
The list below details some things that impact rates and also ways you can mitigate their effect on your insurance premiums.
- Get a discount from your job. The large majority of auto insurance providers offer policy discounts for working in professions like high school and elementary teachers, accountants, police officers and law enforcement, architects, lawyers, and others. Getting this discount could save between $54 and $183 on your annual insurance cost, subject to policy limits.
- Clean up your credit to lower your rates. In states that have laws that do not prevent a driver’s credit information to be used for the purpose of determining insurance rates, having an excellent credit score over 800 could save as much as $284 per year when compared to a credit score ranging from 670-739. Conversely, a subpar credit score could cost up to $329 more per year.
- Being a good driver saves money. Having frequent at-fault accidents will raise rates, possibly as much as $2,552 per year for a 20-year-old driver and as much as $548 per year for a 60-year-old driver.
- Increasing deductibles makes car insurance cheaper. Boosting your deductibles from $500 to $1,000 could save around $302 per year for a 40-year-old driver and $596 per year for a 20-year-old driver.
- The lower deductible you choose, the higher the policy cost. Lowering deductibles from $500 to $250 could cost an additional $316 per year for a 40-year-old driver and $632 per year for a 20-year-old driver.
- Highlander insurance is expensive for high-risk drivers. For a 50-year-old driver, having enough accidents and violations to require a high-risk insurance policy can cause a rate increase of $2,138 or more per year.
- Young male drivers pay the highest rates. For a 2023 Toyota Highlander, a 20-year-old man will have an average rate of $3,614 per year, while a 20-year-old woman will get a rate of $2,660, a difference of $954 per year in the women’s favor by a large margin. But by age 50, the cost for male drivers is $1,646 and female rates are $1,612, a difference of only $34.
- Obey the law to get a lower policy price. To earn the lowest Highlander insurance rates, it pays to not be aggressive behind the wheel. As few as two minor moving violations could result in a rate hike of up to $474 per year. Serious misdemeanors like driving without insurance could raise rates by an additional $1,676 or more.
One of the best ways to reduce the cost of car insurance is to bundle it with your home insurance, if possible. Doing this can save an average of $199 per year when insuring a 2023 Toyota Highlander.
Policy discounts you may have missed
Most companies offer a wide variety of discounts that can really reduce your premiums. It’s definitely worth checking to see if you qualify for the discounts listed below.
There may also be other discounts unique to your company, so ask your agent or a customer service representative to see if there are discounts that have been missed.
|Policy Discount||Larger Companies that Offer this Discount||Average Savings|
|Good Driver Savings of 10% to 30%||Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers||$253|
|Multi-Policy Bundling Savings of 1% to 17%||Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA||$199|
|Usage-based Save up to 30%||Allstate, American Family, Esurance, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, Safeco, State Farm, Travelers, USAA||$168|
|Safety Features Savings of 3% to 20%||American Family, Farmers, GEICO, Liberty Mutual, State Farm||$143|
|Defensive Driving Savings of 5% to 10%||AAA, Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Travelers, USAA||$135|
|Military Savings of 5% to 15%||Alfa, American Family, Direct General, Farmers, GEICO, Liberty Mutual, Shelter, USAA||$126|
|Pay in Full Savings of 5% to 10%||Allstate, Nationwide, Progressive, State Farm, Travelers||$114|
|Multiple Vehicles Savings of 4% to 15%||Allstate, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Progressive, Travelers, USAA||$108|
|Student Away at School Savings of 4% to 25%||Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA||$105|
|Good Student Savings of 3% to 20%||Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA||$94|
Some additional smaller discounts that may be available include an early-signing discount, a homeowner discount, and a discount for using paperless billing.
Discounts can add up to big savings if you qualify, but just keep in mind that each company has a limit to the amount that discounts can reduce your premium. So if you’re running the numbers through your head thinking you can basically get free insurance due to discounts, that’s unfortunately not the case.
Companies to consider for Highlander insurance
There are literally hundreds of car insurance companies across the U.S. that can insure your Highlander. So that makes finding the best insurance for a Toyota Highlander a little more difficult.
There are some larger companies that we can recommend based on things like their financial stability, the convenience of filing claims and making payments, and the ability to find a local agent or office.
We list five of our top recommendations for finding the best Highlander insurance below, along with some pros and cons of each one.
Estimated Progressive car insurance rate on a 2023 Toyota Highlander: $1,662 per year
- Available through many local independent agents or online
- Extends optional insurance for ridesharing for drivers who have a side job with a company like Uber or Lyft
- Has optional coverages like accident forgiveness and a vanishing deductible
- They don’t have a very high claim satisfaction rating with J.D. Power
- Higher than average premiums when adding a teenager to your policy
2. State Farm
Estimated State Farm car insurance rate on a 2023 Toyota Highlander: $1,770 per year
- Nice renewal discount of about 14% if you have longevity
- Good rates if you’ve had a speeding ticket or two
- Good rates when adding a teenage driver to a policy
- Expensive rates if your credit rating is not great
- Prices are not great for drivers with at-fault accidents on their record
Estimated GEICO car insurance rate on a 2023 Toyota Highlander: $1,535 per year
- Allows customers to pay their bill or file a claim on the GEICO mobile app
- On average, GEICO tends to have cheaper insurance than most companies
- GEICO has excellent ratings with rating agencies like AM Best and Standard and Poor’s
- They do not offer the option to buy gap insurance coverage
- Company does not offer rideshare coverage for drivers who earn income with a company like Uber or Lyft
Estimated USAA car insurance rate on a 2023 Toyota Highlander: $1,300 per year
- Rates are pretty good for drivers with a prior accident
- Rates are pretty good for teen drivers
- They offer rideshare insurance for drivers who have a side job with companies like Uber and Lyft
- Savings for bundling your homeowners and auto policies is less than other companies at only 6%
- Better rates can be found elsewhere when adding a teenager to your policy
- Only sells car insurance to active military members, veterans, and their immediate families
Estimated Auto-Owners car insurance rate on a 2023 Toyota Highlander: $1,427 per year
- Rates are good for drivers who have caused an accident
- Coverages are available like accident forgiveness, diminished value protection, and gap coverage
- Perks are available like deductible waiver and a common loss deductible
- Will not cover high-risk drivers
- Expensive rates for drivers with below-average credit
- Is not available nationwide as only available in 26 states
If you’re a safe driver, a usage-based program could cut your auto insurance premiums. Drivers can save an average of $168 per year when insuring a 2023 Toyota Highlander.