Who Has the Cheapest Car Insurance Quotes for a Toyota Highlander in Tampa?

Buying affordable car insurance for a Toyota Highlander is fairly simple, but it is dependent upon an enormous amount of factors such as annual vehicle mileage, if you have recent claims, and whether or not you are a good driver. Florida drivers pay on average $1,533 annually for Highlander insurance, but that price is an estimation calculated based on a 50-year-old single female driver with both comprehensive and collision coverage and $100 deductibles.

The problem with using this number is the good chance you aren’t exactly 50 years old or even a female, maybe you are married instead of single, or maybe you are just looking for cheap liability insurance. Auto insurance requires individual risk assessment, so the best method for finding cheap insurance prices for your Toyota is to do the rate comparisons yourself.

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The trim level of your Highlander will likely have an effect on price, so the price you will be charged to insure a Highlander 2WD model will be $306 less than the cost to insure the higher-end Highlander Hybrid Limited 4WD model, as shown below.

Toyota Highlander Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Highlander 2WD $308 $522 $472 $28 $142 $1,472 $123
Highlander 4WD $348 $636 $472 $28 $142 $1,626 $136
Highlander Sport 4WD $348 $636 $472 $28 $142 $1,626 $136
Highlander SE 2WD $348 $636 $472 $28 $142 $1,626 $136
Highlander Sport 2WD $348 $636 $472 $28 $142 $1,626 $136
Highlander Limited 2WD $388 $748 $472 $28 $142 $1,778 $148
Highlander SE 4WD $388 $748 $472 $28 $142 $1,778 $148
Highlander Limited 4WD $388 $748 $472 $28 $142 $1,778 $148
Highlander Hybrid 4WD $388 $748 $472 $28 $142 $1,778 $148
Highlander Hybrid Limited 4WD $388 $748 $472 $28 $142 $1,778 $148
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in your specific Tampa location which can impact price quotes significantly.

Finding out which companies have the cheapest insurance rates for a Toyota Highlander will take more work than just comparing rates from one or two companies. Each auto insurance company used slightly different criteria for filing rates in each state, so let’s take a look at the lowest cost insurance companies in Tampa.

We do need to point out that Florida insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay. Improving your credit rating, buying a different vehicle, or having an at-fault accident can produce rate changes resulting in some rates now being cheaper than competitors.

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Cheapest auto insurance in Florida ranked by cost per year
Rank Company Cost Per Year
1 USAA $957
2 Amica $1,746
3 Electric $1,764
4 Progressive $1,829
5 Travelers $1,926
6 Allied $1,985
7 Mercury $1,992
8 Esurance $2,020
9 State Farm $2,047
10 Auto-Owners $2,171
11 GEICO $2,172
12 21st Century $2,373
13 Allstate $2,388
14 Windhaven Insurance $2,575
15 MetLife $2,900
16 Safeco $2,927
17 Hanover $2,964
18 Liberty Mutual $3,101
19 United Automobile $3,562
20 Direct General $3,942
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USAA may have some of the most affordable car insurance rates in Tampa at around $957 a year. This is $1,491 less than the average price paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers also rank well as some of the more affordable Tampa, FL auto insurance companies.

In this example, if you are insured with Amica and switched to USAA, you could realize yearly savings of about $789. Customers with Electric could save as much as $807 a year, and Progressive customers might reduce prices by as much as $872 a year.

To see if your current coverage is too expensive, click here or quote prices from the following companies.

Be aware that those premium estimates are averaged for all types of drivers and the different vehicles they drive and do not factor in an exact location for a Toyota Highlander. So the auto insurance company that has the cheapest rates for you may not even be in the top 21 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.

The example below demonstrates how deductibles can increase or decrease annual premium costs when trying to find cheap insurance for a Toyota Highlander. The premiums assume a single male driver, comp and collision included, and no policy discounts are applied.

The data above shows that a 40-year-old driver could pocket $356 a year by switching from a $100 deductible to a $500 deductible, or save $540 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old category, can cut up to $1,160 or even more just by choosing higher deductibles when buying full coverage.

When insureds make the decision to increase the deductibles on their policy, it is important to have spare funds to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

The benefit of shopping around

Tampa insurance rates are calculated based on many things that may substantially change the price you pay. Simply getting older, buying a home instead of renting, or having an at-fault accident can trigger changes in premium that can cause some rates to be cheaper than others. Not only may your risk profile change, but insurance companies amend pricing every year to adjust for unexpected claims or profits. Higher than usual claims can result in additional premium costs, while a lower level of claims can result in lower-cost Highlander insurance rates.

For example, the bar chart below demonstrates which company has the cheapest car insurance in Tampa, FL for a 45-year-old male driver with a good driving record, no prior claims, and solid credit. Based on his personal risk profile, USAA may have the cheapest car insurance rates in Tampa at $1,458 each year. This is $990 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are also included in the cheapest Tampa, FL auto insurance companies.

The chart below compares rates after we give the driver from the first rate comparison a claim or two, a lower credit score, and a few blemishes on his driving record. Since each insurance company has a proprietary formula to set their prices, comparing quotes most likely will result in a different ranking of the cheapest car insurance companies in Tampa as shown below.

USAA now has the lowest price in Tampa, FL with Allied, Esurance, GEICO, and State Farm now being in the top five. This example shows why it is crucial to spend some time comparing rates when trying to get cheap auto insurance rates for a Toyota Highlander.

Insurance rates are calculated by many risk factors and can increase or decrease at any time, so the most affordable company three years ago may now be costing you a lot of money.