2021 Toyota Highlander: Total Ownership Cost for Indiana Buyers

The Toyota Highlander is the three-row midsize SUV benchmark that other manufacturers measure themselves against. Its combination of reliability, fuel efficiency in hybrid form, and strong resale value makes it one of the most defensible ownership decisions in the family SUV segment. The 2021 model represents a mature version of the current generation with no significant known issues.

Purchase Price Range

Used 2021 Highlanders in Indiana are priced in the $34,000 to $48,000 range for LE and XLE configurations with 25,000 to 50,000 miles. The Highlander Hybrid commands a $4,000 to $6,000 premium over comparable non-hybrid trims in the used market. The Platinum and Limited trims offer features that are difficult to justify financially on a used basis for most buyers.

Fuel Cost

The 3.5-liter V6 Highlander averages 21 to 24 mpg in real-world Indiana combined driving, costing approximately $1,750 to $2,000 per year at 12,000 miles. The Highlander Hybrid's 35 to 37 mpg combined reduces annual fuel cost to approximately $1,150 to $1,300, saving $600 to $700 per year over the standard V6.

Insurance Cost

The Highlander's insurance costs fall in the moderate range for three-row SUVs. Full coverage in Indiana typically runs $1,200 to $1,700 per year. The Highlander's excellent safety ratings earn discounts from many carriers.

Maintenance

The Highlander's maintenance costs are among the lowest in the three-row SUV segment. The 3.5-liter V6 has a straightforward maintenance profile. Hybrid system maintenance adds minimal cost due to Toyota's proven hybrid reliability. Routine maintenance through 60,000 miles typically costs $700 to $1,100.

Depreciation and Resale

The Highlander retains value better than most three-row SUVs, holding approximately 56 to 61 percent of value after three years. Hybrid trims retain value particularly strongly due to sustained demand from fuel-conscious buyers.