Buying the lowest cost Honolulu Toyota Highlander insurance quotes on the web may be overwhelming for drivers that are relatively new to comparing prices on the internet. Because there are so many insurers available, how can anyone have the ability to compare every company to locate the lowest price available?
Remarkably, a study showed that nearly 70% of drivers renewed their policy with the same company for well over three years, and virtually 40% of consumers have never even compared quotes to find cheap rates. Hawaii drivers could save nearly $356 every year by just comparing rate quotes, but they just don't understand the amount of money they would save if they bought a different policy.
Consumers need to get comparison quotes every six months because prices are adjusted regularly by insurance companies. Even if you think you had the best price on Toyota Highlander insurance in Honolulu a year ago a different company probably has better rate quotes today. Ignore everything you know about car insurance because we're going to show you the best way to save on car insurance.
To find the best auto insurance prices, there are several ways to obtain and compare prices from many available auto insurance companies in Hawaii. The best way to find the lowest Toyota Highlander rates involves getting comparison quotes online. When price shopping your coverage, quoting more increases your odds of finding better pricing. Not every company provides rate quotes online, so it's necessary to compare price estimates from them, too.
The companies in the list below offer free rate quotes in Honolulu, HI. If several companies are displayed, it's highly recommended you visit two to three different companies to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Highlander Sport 4WD||$122||$224||$300||$18||$90||$754||$63|
|Highlander SE 2WD||$226||$396||$320||$18||$96||$1,056||$88|
|Highlander Sport 2WD||$208||$342||$358||$22||$106||$1,036||$86|
|Highlander Limited 2WD||$220||$402||$248||$14||$74||$958||$80|
|Highlander SE 4WD||$238||$328||$346||$20||$104||$1,036||$86|
|Highlander Limited 4WD||$180||$320||$278||$16||$84||$878||$73|
|Highlander Hybrid 4WD||$246||$476||$300||$18||$90||$1,130||$94|
|Highlander Hybrid Limited 4WD||$232||$402||$358||$22||$106||$1,120||$93|
|Get Your Own Custom Quote Go|
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate quotes do not factor in vehicle location which can revise premium rates considerably.
Comparison of full coverage and liability-only policies
The illustration below illustrates the comparison of Toyota Highlander car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no violations or claims, $100 deductibles, married female driver, and no additional discounts are factored in.
Should you be buying full coverage?
There is no exact rule of when to stop paying for full coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let's pretend your Toyota Highlander replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $6,000 after paying your deductible. If premiums are more than $600 annually for physical damage coverage, then it might be time to consider dropping full coverage.
There are some situations where buying only liability insurance is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.
Don't overlook these Toyota Highlander insurance discounts
Companies don't list all possible discounts in a way that's easy to find, so here is a list some of the more common and the more hidden credits available to bring down your rates.
- Safety Course Discount - Taking a driver safety course could save 5% or more and easily pay for the cost of the class.
- Military Rewards - Having a deployed family member can result in better rates.
- Life Insurance - If the company offers life insurance, you could get a break if you buy a life policy as well.
- New Car Discount - Insuring a new Highlander can cost up to 25% less due to better safety requirements for new model year vehicles.
- Accident Waiver - Not a discount per se, but a handful of insurance companies will allow you to have one accident without raising rates so long as you are claim-free before the accident.
We need to note that most discount credits are not given to all coverage premiums. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So when the math indicates you can get free auto insurance, you won't be that lucky.
A few companies who may offer most of these discounts include:
Before you buy a policy, ask all companies you are considering the best way to save money. All car insurance discounts may not apply to policies in Honolulu.
Insurance quotes from local Honolulu insurance agents
Many drivers just prefer to sit down and talk to an agent and that is recommended in a lot of cases One of the benefits of getting online price quotes is that drivers can save money and get lower rates but still work with a licensed agent. And buying from local agents is important particularly in Honolulu.
To help locate an agent, after submitting this simple form, your insurance coverage information is submitted to companies in Honolulu who will give you bids and help you find cheaper coverage. There is no need to drive around because quoted prices will be sent straight to your inbox. You can find better rates and work with a local agent. If you have a need to quote rates from a specific insurance company, you would need to find their quoting web page and complete a quote there.
When researching a local Honolulu insurance agent, it's important to understand the types of agencies from which to choose. Insurance agencies in Honolulu can be classified as either exclusive agents or independent agents.
Independent Insurance Agents
Agents that elect to be independent are not locked into one company and that enables them to quote your coverage with many different companies and get you the best rates possible. If your premiums go up, they simply move your policy to a different company and the insured can keep the same agent. If you are comparing insurance prices, it's recommended you get several quotes from independent agents in order to have the best price comparison. Many independent agencies also insure through additional companies that you may not be familiar with which may have better rates.
Below is a list of independent insurance agents in Honolulu who may provide free insurance rate quotes.
- Anita Butay Diniega
1088 Bishop St #2210 - Honolulu, HI 96813 - (808) 841-5915 - View Map
- Pyramid Insurance Center Ltd
420 Waiakamilo Rd - Honolulu, HI 96817 - (808) 527-7667 - View Map
- Dongbu Insurance
1440 Kapiolani Blvd # 950 - Honolulu, HI 96814 - (808) 942-5353 - View Map
Agents that choose to be exclusive are contracted to one company like State Farm, Allstate and AAA. Exclusive agencies are unable to place coverage with different providers so keep that in mind. Exclusive agents are usually well trained on what they offer which aids in selling service over price. Consumers sometimes buy from the same agent for years primarily because of the prominence of the brand rather than having low rates.
Listed below are exclusive agents in Honolulu that are able to give rate quotes.
- Ryan Miyashita - State Farm Insurance Agent
1580 Makaloa St #102 - Honolulu, HI 96814 - (808) 945-0802 - View Map
- Wil Chang - State Farm Insurance Agent
6700 Kalanianaole Hwy #204 - Honolulu, HI 96825 - (808) 395-5433 - View Map
- Farmers Insurance Hawaii
Six Waterfront Plaza 3rd Floor, 500 Ala Moana Blvd - Honolulu, HI 96813 - (808) 533-2444 - View Map
Finding the right insurance agency is decision based upon more than just the premium amount. A good agent in Honolulu will have answers to these questions.
- Which insurance companies are they affiliated with?
- Will a damage claim use OEM or aftermarket replacement parts?
- Do they write coverage based solely on cost?
- Does the quote include credit and driving reports?
- How does the company pay claims for a total loss?
- Can they give you a list of client referrals?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Are they full-time agents?
Upon receiving acceptable answers to all your questions and an acceptable price quote, most likely you have located a car insurance agent that can be relied on to properly insure your vehicles. Just understand that once you purchase a policy you can cancel coverage whenever you choose to so don't assume that you're stuck with a specific company indefinitely.
Don't assume everyone needs the same insurance coverage
Keep in mind that when it comes to choosing adequate coverage, there is no best way to insure your cars. Your needs are unique to you so this has to be addressed. For example, these questions might help in determining whether or not you would benefit from an agent's advice.
- Does coverage follow the driver or the vehicle?
- Should I buy full coverage?
- Is my Toyota Highlander covered for smoke damage?
- Are my company tools covered if they get stolen?
- What is the premium to book value ratio for dropping full coverage?
- Where can I get insurance after a DUI in Hawaii?
- Do I need roadside assistance coverage?
- What can I do if my company denied a claim?
- Does my insurance cover damage caused when ticketed for reckless driving?
If you don't know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.
Insurance Cost Influencing Factors
An important part of buying insurance is that you know the factors that play a part in calculating your insurance rates. If you have some idea of what influences your rates, this enables you to make decisions that could help you find lower insurance prices. Many different elements are part of the equation when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but others are not as apparent such as whether you are married or how safe your car is.
How old are your drivers? - Youthful drivers in Hawaii tend to be inattentive with other occupants in the car and because of this, their insurance rates are much higher. Having to add a first-time driver to your policy can cause a big jump in price. More experienced drivers are viewed as being more responsible, are lower risk to insure, and usually have better credit.
Can a thief steal your car? - Choosing to buy a car with an alarm system can earn a premium discount. Theft deterrent systems such as GM's OnStar, tamper alarm systems and vehicle immobilizers help track and prevent vehicle theft.
What are good liability protection limits? - Your policy's liability coverage will provide protection in the event that you are found liable for causing personal injury or damage in an accident. It will provide for a legal defense which can be incredibly expensive. Liability is cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
Credit rating impact insurance prices - Your credit history is a large factor in determining your rates. People with excellent credit scores tend to be more responsible than those with bad credit. If your credit history can use some improvement, you could potentially save money when insuring your Toyota Highlander by improving your credit score.
Prices may be lower depending on your job - Occupations such as doctors, architects and dentists tend to pay higher rates than average attributed to high stress and long work hours. On the other hand, jobs such as professors, athletes and performers generally pay rates lower than average.
Vehicles with better crash test results cost less to insure - Vehicles with high crash test scores tend to have better insurance rates. Safer cars protect occupants better and lower rates of occupant injuries means your insurance company pays less which can mean better rates for you. If your Toyota scored better than four stars on Safercar.gov or an "acceptable" rating on iihs.org it may cost less to insure.
Toyota Highlander insurance claim data - Companies use data from past claims as a tool for profitable underwriting. Models that the data determines to have a higher amount or frequency of claims will have a higher premium rate. The information below illustrates the historical insurance loss data for Toyota Highlander vehicles.
For each type of coverage, the claim probability for all vehicles averaged together is represented as 100. Numbers shown that are under 100 suggest a positive loss record, while values that are above 100 point to more claims or tendency to have larger claims.
Car Insurance Loss Data for Toyota Highlander Models
|Specific Toyota 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|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Why you need to buy auto insurance
Even though it can be expensive, insuring your vehicle may not be optional for several reasons.
First, most states have minimum liability requirements which means you are required to carry a specific level of liability insurance if you want to drive legally. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your Highlander, most lenders will make it a condition of the loan that you carry insurance to guarantee loan repayment. If you let the policy lapse, the bank may buy a policy for your Toyota at an extremely high rate and require you to fork over for the expensive policy.
Third, insurance protects both your assets and your vehicle. Insurance will pay for all forms of medical expenses incurred in an accident. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, your auto insurance policy will cover the damage repairs after a deductible is paid.
The benefits of having insurance definitely exceed the cost, especially with large liability claims. But the average American driver is overpaying more than $865 each year so compare quotes from several companies at every policy renewal to make sure the price is not too high.
Don't give up on cheap coverage
Budget-conscious Toyota Highlander insurance is possible on the web in addition to many Honolulu insurance agents, so you need to shop Honolulu auto insurance with both in order to have the best chance of saving money. Some insurance providers don't offer internet price quotes and most of the time these regional carriers prefer to sell through independent agents.
We've covered a lot of ways to shop for Toyota Highlander insurance online. The key concept to understand is the more providers you compare, the better your comparison will be. Consumers may even find the best rates are with a small mutual company. These smaller insurers can often provide lower car insurance rates in certain areas than their larger competitors like Allstate, GEICO and Progressive.
Helpful learning opportunities
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Who Has Affordable Hawaii Car Insurance Rates for Seniors? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Jeep Wrangler in Hawaii? (FAQ)
- How Much are Car Insurance Rates for Business Use in Hawaii? (FAQ)
- Parking Tips to Reduce Door Dings (State Farm)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- How Much Auto Coverage do I Need? (Insurance Information Institute)