Compare Toyota Highlander Insurance Quotes in Oklahoma City

The recommended way to get discount auto insurance rates in Oklahoma City is to begin comparing prices regularly from providers in Oklahoma.

1. Get a basic knowledge of how companies price auto insurance and the things you can control to keep rates low. Many rating factors that increase rates such as accidents, traffic tickets, and a lousy credit rating can be amended by making minor changes in your lifestyle.
2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agents can quote rates from multiple sources. Find an Oklahoma City insurance agent
3. Compare the price quotes to your existing coverage to see if a cheaper rate is available. If you can save money and decide to switch, make sure there is no lapse in coverage.
4. Notify your agent or company of your intent to cancel your current auto insurance policy and submit the application along with any required down payment to your new company or agent. As soon as you have the new policy, store the proof of insurance paperwork in your vehicle.

One key aspect when comparing rates is that you use the same amount of coverage on each price quote and and to analyze every company you can. This provides an accurate price comparison and a complete selection of prices.

Everyone knows that car insurance companies don’t want their policyholders to compare prices. Consumers who perform rate comparisons will probably move their business because there is a good probability of finding a policy with more affordable rates. A recent survey discovered that people who compared rate quotes regularly saved about $860 a year compared to policyholders who never shopped for cheaper rates.

If finding low prices for car insurance is your goal, then having some knowledge of how to compare cheaper coverage can help simplify the task of finding more affordable coverage.

When price shopping your coverage, more quotes increases the chance that you will find a lower rate than you’re paying now. Not every company provides rate quotes online, so you also need to get quotes from them as well.

The auto insurance companies shown below have been selected to offer price quotes in Oklahoma City, OK. If multiple companies are listed, we suggest you compare several of them to get the most competitive price.

Do you qualify for discounts?

The cost of insuring your cars can be expensive, but there may be some discounts to cut the cost considerably. Many discounts should be triggered at quote time, but some need to be asked for prior to receiving the credit.

• Lower Rates for Military – Having a deployed family member may qualify for rate reductions.
• Student in College – Kids living away from Oklahoma City attending college and leave their car at home can receive lower rates.
• Multiple Policy Discount – When you have multiple policies with the same company you may save as much as 10 to 15 percent.
• Discounts for Multiple Vehicles – Purchasing coverage when you have more than one vehicle with the same car insurance company can reduce the rates for all insured vehicles.
• Accident Forgiveness – Not really a discount, but certain companies will allow you to have one accident before your rates go up with the catch being you have to be claim-free for a specific time period.
• Memberships – Participating in a professional or civic organization could qualify you for a break on your next renewal.
• Telematics Data – People who choose to allow their insurance company to analyze their driving habits through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if they show good driving skills.

One last thing about discounts, most discounts do not apply to the whole policy. Most only cut individual premiums such as collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, companies don’t profit that way.

The chart below shows the comparison of Toyota Highlander premium costs with and without discounts applied to the premium. The costs are based on a female driver, a clean driving record, no at-fault accidents, Oklahoma state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, safe-driver, marriage, claim-free, and multi-car discounts applied.

A few companies that may offer quotes with some of the above discounts include:

• Farm Bureau
• MetLife
• Progressive
• AAA
• American Family
• GEICO
• State Farm

If you are trying to find the cheapest Toyota Highlander rate quotes, ask all companies you are considering to give you their best rates. Some credits may not apply to policyholders in Oklahoma City. To view insurers who offer free Toyota Highlander insurance quotes in Oklahoma City, follow this link.

Analysis of coverages

The premium information shown below showcases estimates of coverage prices for Toyota Highlander models. Knowing how auto insurance prices are figured helps drivers make informed decisions when comparing rate quotes.

Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Table data does not factor in specific location which can revise coverage rates considerably.

Rate comparison for different deductibles

The hardest decision when buying coverage is at what level do you set your deductibles. The following insurance rates highlight the cost difference between high and low policy deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second price grid uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Table data does not factor in specific location information which can decrease or increase auto insurance rates noticeably.

Based on these figures, using a $100 deductible costs about $32 more each month or $384 for a full year than requesting the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally go more than 13 months between claims, you would save more money if you elect the higher deductible. The table below shows the way this decision is made.

One thing to be aware of is that a higher deductible level results in more money out-of-pocket when you have to file a claim. You must have some extra savings in the event you have to pay the deductible.

The chart below demonstrates how choosing different deductibles and can affect Toyota Highlander insurance costs for different categories of driver ages. The rates are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

Age, gender, and Toyota Highlander insurance

The diagram below shows the difference between Toyota Highlander auto insurance costs for male and female drivers. The premiums assume no accidents, no driving violations, full coverage, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

Full coverage rates vs. liability-only in Oklahoma City

The diagram below shows the difference between Toyota Highlander car insurance costs with liability coverage only compared to full coverage. The data assumes no tickets, no at-fault accidents, $500 deductibles, single marital status, and no policy discounts are applied.

When to switch to liability coverage only

There is no written rule that is best for determining when to drop full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s assume your Toyota Highlander claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after the policy deductible has been paid. If it’s costing you more than $800 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are some cases where dropping full coverage is not a good plan. If you still owe money on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Eight Tips to Get More Affordable Oklahoma City Insurance Prices

Many different elements are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but other factors are not quite as obvious like where you live or how financially stable you are. An important part of buying insurance is that you know a few of the rating criteria that help calculate your policy premiums. When you understand what positively or negatively impacts your premiums, this enables you to make decisions that can earn you better auto insurance rates.

• Traffic violations drive up rates – Being a careful driver has a huge affect on how much you pay. Having a single moving violation can increase the cost of insurance by as much as twenty percent. Good drivers get better prices compared to drivers with tickets. Drivers who have gotten serious violations like reckless driving or DUI are required to prove financial responsibility with their state’s licensing department in order to continue driving.

  The diagram below demonstrates how speeding tickets and accident claims impact Toyota Highlander insurance prices for different age categories. The rate quotes are based on a married male driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.

• Performance impacts insurance premiums – The type of vehicle you own makes a substantial difference in the rate you pay. Lower performance four cylinder passenger models generally receive the lowest base rates, but other factors influence the final cost greatly.

  The data below uses these variables: single female driver age 50, full coverage with $250 deductibles, and no discounts or violations. The chart compares Toyota Highlander car insurance rates compared to other models that have a range of performances.

• Big city or small town – Residing in less populated areas has definite advantages when insuring your vehicles. Residents of big cities have much more traffic and higher rates of accident claims. Less people living in that area means fewer accidents and lower theft and vandalism rates.
• Use one insurance company and save – Many insurers provide a discount to policyholders who consolidate policies with them, otherwise known as a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even with this discount applied, consumers should still comparison shop to guarantee you are still saving the most.
• More miles equals more premium – Driving a lot of miles in a year’s time the more you’ll pay to insure it. Most insurance companies calculate prices based on how the vehicle is used. Autos that sit idle most of the time receive better premium rates than those that get driven frequently. It’s a good idea to make sure your auto insurance policy correctly shows the correct driver usage. An improperly rated Highlander may be wasting your money.
• Vehicle options that cut prices – Owning a car with anti-theft technology or alarm system can earn a premium discount. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart vehicle theft.
• Incidental coverages can add up – Policies have additional extra coverages you can purchase if you don’t pay attention. Insurance for rental car reimbursement, towing, and extra equipment coverage are probably not needed. You may think they are a good idea initially, but if you don’t need them remove them and pocket the money.
• Lower rates by increasing deductibles – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket if a claim is determined to be covered. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some instances where coverage would apply could be collision with another vehicle, collision with a deer, and having a roll-over accident. The more money the insured has to pay upfront, the lower your rates will be.

• Loss probability for a Toyota Highlander – Insurance companies use data from past claims when they file their rates in each state. Models that the data shows to have higher number or severity of losses will cost more to insure. The next table illustrates the insurance loss data used by companies for Toyota Highlander vehicles.

  For each coverage category, the claim probability for all vehicles combined as an average is set at 100. Percentages below 100 indicate a favorable loss history, while percentage numbers above 100 show a trend for more claims or larger claims.

  
  

  Toyota Highlander Insurance Claim Statistics

  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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Independent or exclusive insurance agents

A lot of people would rather go talk to an agent and there is nothing wrong with that. One of the benefits of getting online price quotes is you can get lower rates and still have a local agent. And supporting local insurance agents is definitely important in Oklahoma City.

After completing this quick form, your insurance data is instantly submitted to agents in your area who will gladly provide quotes and help you find cheaper coverage. There is no reason to find an agent on your own since rate quotes are delivered directly to your email. It’s the lowest rates and work with a local agent. In the event you want to compare rates for a specific company, don’t hesitate to visit that company’s website and submit a quote form there.

When searching for a reliable agent, you should know the types of agencies and how they can write your policy. Insurance policy providers are either independent or exclusive depending on the company they work for.

Independent Agents (or Brokers)

Agents in the independent channel are not limited to a single company and that is an advantage because they can write policies with lots of companies depending on which coverage is best. If they find a lower price, they can switch companies in-house which makes it simple for you. When comparing rates, you need to compare prices from at a minimum one independent agency in order to compare the most rates. Most also have access to smaller mutual companies which may provide better rates.

Listed below is a short list of independent insurance agents in Oklahoma City that may be able to give you competitive price quotes.

• Dan Ryan Insurance
  6300 S Western Ave – Oklahoma City, OK 73139 – (405) 631-6300 – View Map
• Copeland Insurance
  5002 S Anderson Rd – Oklahoma City, OK 73150 – (405) 737-6231 – View Map
• Lynnae Insurance Group
  5119 N Western Ave – Oklahoma City, OK 73118 – (405) 217-8851 – View Map

View more agents

Exclusive Insurance Agents

Agents that elect to be exclusive write business for a single company such as AAA, Allstate, and State Farm. Exclusive agents cannot provide rate quotes from other companies so keep that in mind. These agents are very knowledgeable on what they offer and that allows them to sell at a higher price point. A lot of people buy from exclusive agents partially due to the prominent brand name instead of buying on price only.

Shown below is a short list of exclusive insurance agents in Oklahoma City who can help you get price quotes.

• GEICO Insurance Agent
  6218 Northwest Expy – Oklahoma City, OK 73132 – (405) 384-1518 – View Map
• Matt Pryor – State Farm Insurance Agent
  2229 NW 138th St d – Oklahoma City, OK 73134 – (405) 749-8100 – View Map
• Rita Wallenberg – State Farm Insurance Agent
  2833 SW 119th St – Oklahoma City, OK 73170 – (405) 691-2464 – View Map

View more agents

Finding a good auto insurance agent is decision based upon more than just a cheap price. The following questions are important to ask.

• Will their companies depreciate repairs to your car based on the mileage?
• Are they able to provide referrals?
• Are aftermarket or OEM parts used to repair vehicles?
• Does their agency support local causes in Oklahoma City?
• How will an accident affect your rates?
• Will they make sure you get an adequate claim settlement?
• How much can you save by raising your physical damage deductibles?
• Is the agency covered by Errors and Omissions coverage?

Oklahoma auto insurance companies

Ending up with the highest-rated car insurance provider can be a challenge considering how many different companies there are to choose from in Oklahoma. The rank data below could help you choose which auto insurers you want to consider shopping your coverage with.

Top 10 Oklahoma City Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Top 10 Oklahoma City Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Keep this in mind when shopping around

We just presented some good ideas how to reduce Toyota Highlander insurance premium rates online in Oklahoma City. It’s most important to understand that the more companies you get prices for, the better chance you’ll have of finding cheaper Oklahoma City auto insurance quotes. Consumers may even find the biggest savings come from an unexpected company.

Low-cost Toyota Highlander insurance in Oklahoma City is definitely available both online and from local agencies, so you need to quote Oklahoma City auto insurance with both to get a complete price analysis. Some insurance companies may not provide price quotes online and usually these smaller companies work with independent insurance agents.

When buying insurance coverage, never buy less coverage just to save a little money. There are too many instances where consumers will sacrifice liability coverage limits and discovered at claim time they didn’t purchase enough coverage. The goal is to buy a smart amount of coverage at the best possible price while not skimping on critical coverages.

Additional information can be found at the links below

• Smart Auto Insurance Tips (Insurance Information Institute)
• What is the Best Car Insurance in Oklahoma? (FAQ)
• Who Has Cheap Oklahoma City Car Insurance Quotes for Lyft Drivers? (FAQ)
• How Much are Oklahoma City Auto Insurance Rates for a Honda Civic? (FAQ)
• Who Has the Cheapest Auto Insurance for Homeowners in Oklahoma City? (FAQ)
• Get the Right Protection (InsureUonline.org)
• Speed and Speed Limit FAQ (iihs.org)
• Child Safety Seats (Insurance Information Institute)