Compare the Cost of Toyota Highlander Insurance by Model Year and Company

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Updated: January 15, 2025

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Auto insurance rates may vary significantly based on age. For example, it costs around $5,341 a year for a 16-year-old to get full coverage auto insurance for a 2009 Toyota Highlander, whereas a 40-year-old pays roughly $1,155. For a 2022 model, a 16-year-old spends approximately $6,564 per year, while a 40-year-old only pays around $1,454.

Although most drivers focus on cost when choosing the best auto insurance, they should consider several other factors. MoneyGeek rated top insurance providers for a Toyota Highlander based on claims management, service quality and affordability.

Key Takeaways

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Based on the data provided, the most affordable insurers for a Toyota Highlander, emphasizing both full and minimum coverage, are:

Full Coverage

1. State Farm:
- Average Annual Premium: $1,043
- For a 2009 Model: $890
- For a 2022 Model: $1,198
- For a 16-year-old: $3,302

State Farm stands out as the cheapest provider across various model years and driver ages. It offers a winning combination of affordability and quality service, making it an excellent choice for cost-conscious drivers who also value good customer service.

2. GEICO:
- Average Annual Premium: $1,113

GEICO is a close competitor in terms of price and ranks second-highest for customer satisfaction, which makes it another great option for balancing cost and service quality.

Minimum Coverage

1. State Farm:
- Average Annual Premium: $463

State Farm also offers the most affordable rates for minimum coverage, ensuring that drivers pay the least while meeting the required legal coverage standards.

2. Farmers:
- Average Annual Premium: $781

While Farmers has the highest premiums, it's worth getting quotes from multiple insurers to see if additional options might offer more value for specific circumstances.

Key Insights:

- State Farm is consistently the cheapest choice, providing excellent affordability for both full and minimum coverage.
- Teens and younger drivers face significantly higher premiums due to increased risk. However, State Farm still offers the more economical option for young drivers with a full coverage policy.
- For all drivers, shopping around and comparing quotes is crucial, as rates can vary dramatically depending on the insurer, age, model year, and location.
- Ensure your decision on choosing an insurer considers not just cost but also the quality of service, claims handling, and coverage options.

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Based on the provided data, State Farm emerges as the best car insurance provider for a Toyota Highlander, offering a strong combination of affordability, quality service, and good claims handling. State Farm holds a MoneyGeek score of 90 out of 100, reflecting their strong performance in these key areas.

The annual premium for a full coverage policy with State Farm is:
- 2009 Toyota Highlander: $890
- 2022 Toyota Highlander: $1,198

These rates indicate that State Farm consistently provides the cheapest insurance options across different model years for the Toyota Highlander. If prioritizing both cost-effectiveness and service quality, State Farm stands out as the top choice for insuring a Toyota Highlander.

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Age has a significant impact on car insurance premiums, especially for vehicles like the Toyota Highlander. Generally, younger drivers face higher insurance rates due to their lack of driving experience and increased risk of accidents. As drivers age and gain more experience, these rates tend to decrease until they stabilize in the middle age, typically around 25-30 years.

Annual Costs Comparison for a Toyota Highlander

For a 2009 Toyota Highlander:
- 16-year-old Driver: Full coverage costs approximately $5,341 annually.
- 40-year-old Driver: Full coverage costs around $1,155 annually.

For a 2022 Toyota Highlander:
- 16-year-old Driver: Full coverage costs approximately $6,564 annually.
- 40-year-old Driver: Full coverage costs around $1,454 annually.

These figures highlight the stark difference in premiums based purely on age. The higher rates for 16-year-olds largely account for their inexperience and higher likelihood of being involved in accidents. Meanwhile, 40-year-olds benefit from their years of driving experience and statistically lower risk profile.

Decrease of Rates Over Time

Insurance rates tend to decrease as young drivers get older:
- Teen Rates: Extremely high as indicated, but they may start to reduce annually as the driver gains experience.
- Young Adult Rates (20s): Begin to stabilize as the risk assessment improves.
- Middle Age (30s to 40s): Rates are usually the lowest due to a balanced risk profile and substantial driving experience.

Rate Variations by Insurance Provider

Different insurers offer varying premiums, as highlighted:
- State Farm offers the cheapest average rates for both model years of the Toyota Highlander, emphasizing the importance of shopping around for competitive quotes. For instance, State Farm charges around $890 yearly for a 2009 model and $1,198 for a 2022 model for 40-year-olds.
- Farmers tends to charge the highest premiums, showcasing how insurer choice directly impacts insurance costs.

Tips for Lowering Costs

1. Consider Family Policies: Young drivers can significantly reduce costs by being added to a family insurance policy instead of having their own.
2. Shop for Quotes: Compare rates from various insurers to find the most affordable option for your age group and vehicle model.
3. Drive Safely: Maintaining a clean driving record over time helps in reducing premiums.

In summary, while age is a crucial factor in determining car insurance premiums, vehicle model year, choice of insurer, and location also play important roles. By understanding these factors and seeking cost-effective solutions, drivers can manage and potentially lower their insurance costs.

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Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Why do we need ZIP code?

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze the average rates for a Toyota Highlander.

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These rates were updated to reflect the average cost of car insurance for a Toyota Highlander as of 2023.

10Companies Compared
 
41,832 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Toyota Highlander

Insuring a Toyota Highlander costs $1,324 yearly, although your rate may differ based on the company you choose for your policy. Our research indicates that State Farm offers the most affordable car insurance for a Toyota Highlander at $1,043 per year. Meanwhile, Farmers is the most expensive insurer, costing $1,585 yearly. These are average rates for a full coverage policy.

If you choose minimum coverage, the same providers offer the lowest and highest average premium, with State Farm charging $463 per year and Farmers $781.

You can secure the cheapest car insurance for your Toyota Highlander by comparing quotes from multiple companies.

Data filtered by:Results filtered by:
Select
Age:40
Select
Coverage:Full Coverage
State Farm$1,043
GEICO$1,113
Nationwide$1,232
Travelers$1,247
Allstate$1,380
Progressive$1,408
Farmers$1,585

Is a Toyota Highlander Expensive to Insure?

Cars with a high value, a sports car designation or high theft cases may be more expensive to insure than other cars. That may be because they cost more to replace and repair.

As a car with a moderate value, the Toyota Highlander is cheaper to insure than many other models. The SUV has a lower-end theft rate and excellent safety ratings. These factors indicate that the car is safe to drive and isn’t as likely to get stolen, so it won’t pose a high risk to the insurer.

Best Companies for Insuring a Toyota Highlander

The best Toyota Highlander insurance provider combines quality service, affordability and good claims handling. From our analysis, the best auto insurance companies for this SUV are:

  • State Farm: MoneyGeek score of 90 out of 100 ($1,043 per year)
  • GEICO: MoneyGeek score of 88 out of 100 ($1,113 per year)

With the cheapest average full coverage rate and the second-best rating on customer satisfaction, State Farm ranks top for balancing cost and quality service. By choosing a policy from this insurer, you won’t need to trade having a low premium to get good customer service.

MoneyGeek Top Pick: State Farm

State Farm

pros

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Has the lowest average annual rate for a full coverage policy

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Ranked second for customer satisfaction

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Offers rental car and/or travel reimbursement and roadside assistance

cons

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Below-average score for claims experience

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Offers no accident forgiveness, gap insurance or unique coverages like original equipment manufacturer (OEM)

COMPANY HIGHLIGHTS

State Farm provides the average lowest Toyota Highlander insurance costs. The company also has a reputation for providing outstanding customer service.

Furthermore, drivers may benefit from State Farm’s add-on coverage options, although they are limited. For instance, having the insurer’s roadside assistance coverage ensures you receive towing, mechanical labor, locksmith services and the delivery of tires, gas, oil or a battery when your car breaks down. Note, however, that this coverage excludes the cost of purchasing the delivered items.

State Farm’s rental car coverage pays the cost of renting a car up to specific policy limits. The coverage also pays up to $500 for travel expenses and the same amount as part of the deductible if you get involved in an at-fault accident while in a rented car.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

GEICO

pros

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The second-best insurer for affordability

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Has good customer service

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Offers add-on mechanical breakdown insurance, roadside assistance and accident forgiveness (where available)

cons

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Claims management rating is below average

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No deductible modification, gap insurance or original equipment manufacturer (OEM) coverage

COMPANY HIGHLIGHTS

GEICO ranked second in our scoring system for Toyota Highlander car insurance for blending quality service with affordable coverage. The insurer ranked second for affordability out of seven insurers.

GEICO provides several add-on coverages, including mechanical breakdown insurance (MBI), which is rare among insurers. MBI may cover more than a manufacturer or dealer extended warranty when your car needs repairs or a replacement part — at a lower cost. You qualify for this coverage if you have a new or leased car that’s less than 15 months old with less than 15,000 miles.

Another add-on from GEICO is accident forgiveness, available everywhere except Massachusetts, California and Connecticut. Accident forgiveness coverage ensures your policy’s cost does not spike after your first at-fault accident. You can buy the add-on or earn it if you are accident-free for at least five years.

Cost of Insuring a Toyota Highlander by Model Year

The average cost of auto insurance is partly influenced by the model year of your vehicle. The value of a car may diminish each year, and as such, newer cars are often more costly to insure than older versions of the same vehicle. For example, a 40-year-old Toyota Highlander driver pays an average of $1,155 to get a full coverage policy for a 2009 model. Meanwhile, the same policy costs $1,454 for a 2022 model.

Data filtered by:Results filtered by:
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Age:40
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Coverage:Full Coverage
2022$1,454
2021$1,422
2020$1,371
2019$1,373
2018$1,350
2017$1,306
2016$1,315
2015$1,299
2014$1,236
2013$1,226
2012$1,191
2011$1,152
2010$1,166
2009$1,155

Average annual auto insurance costs can differ by the insurer and the model year of a Toyota Highlander. Based on our analysis, State Farm is the most affordable provider for a Toyota Highlander 2009 model, costing an average of $890 yearly for full coverage. The insurer is also the cheapest option for a 2022 model, at an average yearly cost of $1,198.

Data filtered by:Results filtered by:
Select
Model Year:2022
Select
Age:40
Select
Coverage:Full Coverage
State Farm$1,198
Nationwide$1,210
GEICO$1,255
Travelers$1,353
Progressive$1,615
Allstate$1,744
Farmers$1,818

Cost of Insuring a Toyota Highlander for 16- to 25-Year-Olds

Car insurance rates do vary depending on age. Teens and young adult drivers usually spend more than middle-aged drivers because they lack experience on the road and are riskier to insure.

For instance, Toyota Highlander insurance costs for a 16-year-old average $5,883 per year if they purchase a full coverage policy. Meanwhile, a 40-year-old only spends about $1,287 per year. Fortunately, teen car insurance rates reduce annually and become steady in their 20s.

Data filtered by:Results filtered by:
Select
Coverage:Full Coverage
16$5,883
17$4,775
18$4,189
19$2,893
20$2,621
21$2,015
22$1,865
23$1,735
24$1,648
25$1,488

You will notice that car insurance rates differ significantly across insurers for the same make and model. That is why we recommend shopping around if you need the cheapest teen car insurance. Teens save the most when on a family policy, and, in most cases, they cannot legally purchase auto insurance when under 18 without a parent or guardian as a co-signer.

If a 16-year-old teen does get their own policy instead of being on a family policy and has a Toyota Highlander, they pay around $3,302 per year with State Farm, the cheapest full coverage offered. Meanwhile, they spend roughly $8,192 per year for that policy from Farmers, the most expensive insurer.

Data filtered by:Results filtered by:
Select
Age:16
Select
Model Year:2022
Select
Coverage:Full Coverage
State Farm$3,789
Nationwide$4,654
Travelers$5,363
GEICO$5,923
Allstate$8,061
Progressive$8,697
Farmers$9,123

How Does Location Affect the Cost of Toyota Highlander Insurance?

When you get quotes for Toyota Highlander car insurance, your age and SUV model year and type are going to affect how much insurers charge. Location will, too.

You are likely to pay a higher or lower premium than the average nationwide Toyota Highlander insurance costs based on where you live. Rates vary by state, with Idaho being the most affordable and New York the priciest.

When choosing the best auto insurance for your needs with a Toyota Highlander, get quotes from the most affordable insurers in your state to save on your policy.

Data filtered by:Results filtered by:
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Age Group:30-59
Select
Coverage:Full Coverage
AlabamaNationwide$709$59
AlaskaState Farm$699$58
ArizonaRoot Insurance Company$682$57
ArkansasState Farm$629$52
CaliforniaAAA California$1,001$83
ColoradoAmerican National P&C$541$45
ConnecticutGEICO$693$58
DelawareState Farm$881$73
District of ColumbiaGEICO$662$55
FloridaState Farm$1,058$88
GeorgiaCountry Financial$665$55
HawaiiGEICO$565$47
IdahoAmerican National P&C$299$25
IllinoisCountry Financial$663$55
IndianaAmerican Family$555$46
IowaState Farm$509$42
KansasNationwide$670$56
KentuckyNationwide$790$66
LouisianaLouisiana Farm Bureau$1,048$87
MaineConcord Group$521$43
MarylandProgressive$938$78
MassachusettsState Farm$483$40
MichiganGEICO$898$75
MinnesotaState Farm$797$66
MississippiDirect General Insurance$723$60
MissouriNationwide$909$76
MontanaProgressive$437$36
NebraskaAmerican National P&C$405$34
NevadaCSAA$940$78
New HampshireState Farm$540$45
New JerseyPlymouth Rock Assurance$895$75
New MexicoState Farm$644$54
New YorkKemper$781$65
North CarolinaErie$630$52
North DakotaAmerican Family$616$51
OhioNationwide$485$40
OklahomaState Farm$662$55
OregonState Farm$706$59
PennsylvaniaNationwide$580$48
Rhode IslandState Farm$700$58
South CarolinaAmerican National P&C$463$39
South DakotaAllstate$746$62
TennesseeState Farm$579$48
TexasState Farm$699$58
UtahNationwide$725$60
VermontState Farm$493$41
VirginiaAmerican Family$601$50
WashingtonPEMCO$534$44
West VirginiaErie$784$65
WisconsinGEICO$556$46
WyomingState Farm$745$62

Frequently Asked Questions About Toyota Highlander Insurance

MoneyGeek responded to common questions that current or future Toyota Highlander drivers have about the cost and quality of auto insurance they can get. The answers can help inform your decision on the best provider for your needs.

What company has the cheapest car insurance for a Toyota Highlander?

What company offers the best car insurance for a Toyota Highlander?

About Mark Fitzpatrick

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Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.

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