The former defender believes the club's transfer business stands them in good stead to earn a return to the top flight.
General view before the game - Villa Park
Villa appear to have done encouraging business thus far in the summer transfer window, strengthening the core of their side with players boasting both Championship and Premier League experience.
Though new goalkeeper Pierluigi Gollini is a young Italian with no prior experience of English football, central defenders Tommy Elphick and James Chester, central midfielder Mile Jedinak, and striker Ross McCormack are all staples of the domestic game.
Aston Villa's Tommy Elphick with a head injury
Despite that, however, Villa's start to the season has been mixed since their opening-day defeat at Sheffield Wednesday, although following their goalless draw at Derby County they are now unbeaten in three since the embarrassing EFL Cup exit to League Two Luton Town.
Higginbotham, though, still believes that Villa should be considered amongst the leading candidates for promotion because of the experienced team they have put together.
He told the Birmingham Mail: "I think Villa have got a chance of getting promotion. They have got players who know what it’s like to get promoted. They’ve got know-how of what it takes.
Aston Villa manager Roberto Di Matteo
"The Championship is very different to the Premier League and I think coming down having not played in the second-tier before is tough. There’s a big expectancy on Villa.
"Teams going to Villa Park will look at it as a cup final every team. Teams will raise their game. What you need is experience, and in Elphick, Chester, Jedinak, McCormack and Gestede, Villa have got that."
Newest signing Mile Jedinak was missing for the stalemate with Derby with the international ratification for the deal not having been completed in time.
His presence the the starting XI cannot come soon enough as Villa struggle for leadership in the centre of midfield.
Crystal Palace's Mile Jedinak at the end