2024 Toyota Highlander Cost to Own

As of April 2025 insuring a Toyota Highlander 2024 will cost approximately $8,160 dollars to insure per year, or $680 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.

As of April 2025 average annual maintenance costs for a Toyota Highlander 2024 run about $812 dollars, totaling approximately $4,063 dollars over five years.

As of April 2025 average annual depreciation for a Toyota Highlander 2024 runs about $3,472 dollars, totaling approximately $17,364 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.

A Toyota Highlander 2024 can be expected to depreciate around $17,364 dollars over the course of 5 years, averaging $3,472 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 Toyota include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.

Average annual maintenance costs for a Toyota Highlander 2024 run about $812 dollars or $4,063 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 Toyota.