Locating better insurance prices for your Toyota Sequoia can normally be a painful process, but you can follow a few tricks to find lower rates. There is a right way and a wrong way to buy car insurance so you’re going to learn the quickest way to get price quotes for a new or used Toyota and find the lowest possible price.
It’s a good idea to take a look at other company’s rates occasionally because prices are rarely the same from one policy term to another. Despite the fact that you may have had the best price on Sequoia insurance a year ago there may be better deals available now. So forget all the misinformation about car insurance because we’re going to show you the only way to properly buy coverages and cut your premium.
Do you qualify for discounts?
Car insurance companies don’t necessarily list every available discount in an easy-to-find place, so we researched both the well known and the more hidden ways to save on car insurance. If they aren’t giving you every credit available, you’re paying more than you need to.
- Driver Safety – Successfully completing a course teaching defensive driving skills could possibly earn you a 5% discount and easily recoup the cost of the course.
- Pay Now and Pay Less – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.
- More Vehicles More Savings – Buying insurance for multiple cars or trucks with the same company qualifies for this discount.
- Drive Less and Save – Driving fewer miles could qualify for a substantially lower rate.
- Employee of Federal Government – Being employed by or retired from a federal job may qualify you for a discount on Sequoia insurance with certain companies.
- Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of 20% or more.
As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. Most only cut specific coverage prices like liability, collision or medical payments. So despite the fact that it appears it’s possible to get free car insurance, you won’t be that lucky.
For a list of providers with the best car insurance discounts, follow this link.
Comparison of Car Insurance
Performing a rate comparison can be exhausting if you don’t utilize the most efficient way to do it. You can spend countless hours driving to insurance companies in your area, or you could save time and use online quoting to achieve your goal.
Many insurance companies participate in an industry program where prospective buyers only type in their quote data once, and each company can give them a price. This system prevents you from having to do quote forms to each company.
To submit your quote information now, click here (opens in new window).
The only drawback to doing it this way is you are unable to specify the companies to get pricing from. If you wish to select from a list of companies to request quotes from, we put together a list of car insurance companies in your area. Click here for list of insurance companies.
Whichever way you use, be sure to compare apples-to-apples quote information on every quote. If each company quotes different liability limits it will be impossible to determine which rate is truly the best.
These factors can influence Toyota Sequoia insurance rates
It’s important that you understand the rating factors that go into determining car insurance rates. When you know what positively or negatively determines base rates enables informed choices that may reward you with lower car insurance prices.
- Performance influences rates – The performance of the vehicle you own makes a huge difference in the rate you pay. The most favorable rates are generally reserved for lower performance four cylinder passenger models, but there are many factors that impact the final cost. Since the Toyota Sequoia is considered a standard SUV, rates will be slighty more than the average rate where you live.
- Protect your assets with liability insurance – Your policy’s liability coverage will protect you when you are found liable for damages from an accident. Liability insurance provides you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable as compared to coverage for physical damage, so buy as much as you can afford.
- Don’t buy coverages you don’t need – There are quite a few extra bells and whistles that can waste your money on your Sequoia policy. Coverages for roadside assistance, accident forgiveness and term life insurance may be costing you every month. These may sound like a good investment at first, but if they’re wasting money eliminate them to save money.
- Your age impacts your rates – Older drivers are more responsible, statistically cause fewer accidents and are safer drivers. Youthful drivers are statistically proven to be less responsible behind the wheel and because of this, their car insurance rates are much higher.
- Males pay more for insurance – Statistics have proven that women are safer drivers than men. However, this does not mean women are BETTER drivers than men. Men and women have accidents in similar percentages, but the men have costlier accidents. Men also statistically get more serious tickets such as DWI and reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore are the most expensive to insure.
- Consolidate policies to earn discounts – Some companies provide better rates to people who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, you still need to compare other company rates to make sure you are getting the best deal. Drivers may still find better rates by buying car insurance from a different company.
Quote online but work with a neighborhood agent
A small number of people would prefer to talk to a local agent and that is just fine! Good agents can answer important questions and help you file claims. The biggest benefit of comparing rates online is you can get better rates but also keep your business local.
Once you complete this form (opens in new window), your insurance coverage information is emailed to participating agents who will give you bids to get your business. There is no need to visit any agencies since price quotes are sent directly to your email. How cool is that?!
Selecting an provider needs to be determined by more than just a cheap price. These questions are important to ask:
- Can they give you a list of client referrals?
- What will you get paid if your car is a total loss? How is that amount determined?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Are claim adjusters local or do you have to take your car somewhere else?
- Do the coverages you’re quoting properly cover your vehicle?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- How much can you save by raising your physical damage deductibles?
- Will their companies depreciate repairs to your car based on the mileage?
If you want to view licensed agents in your state, visit this site.
Upon getting positive feedback to any questions you have in addition to an acceptable price estimate, you have narrowed it down to an insurer that can provide car insurance coverage.
The car insurance bait and switch
Consumers can’t get away from ads for car insurance savings from companies such as Allstate, GEICO and Progressive. All the ads have a common claim that you’ll save big if you change your policy.
But how can every company make almost identical claims? This is how they do it.
Insurance companies can use profiling for the type of customer that earns them a profit. A good example of a profitable customer might be between the ages of 40 and 55, has no driving citations, and has excellent credit. A propective insured that hits that “sweet spot” is entitled to the best price and as a result will probably save quite a bit of money when switching.
Drivers who are not a match for this ideal profile will have to pay a more expensive rate which leads to business not being written. The ads say “people who switch” but not “drivers who get quotes” save that much. That’s the way insurance companies can confidently advertise the way they do. Because of the profiling, you need to compare as many rates as you can. Because you never know which insurance companies will fit your personal profile best.
A tidy conclusion
In this article, we covered a lot of tips how to save on Toyota Sequoia insurance. The key thing to remember is the more times you quote, the higher the chance of saving money. You may be surprised to find that the lowest premiums are with some of the smallest insurance companies.
Cheap Toyota Sequoia insurance is available from both online companies as well as from independent agents in your state, and you should be comparing both in order to have the best price selection to choose from. Some insurance providers don’t offer online quoting and most of the time these smaller companies sell through independent agents.
Consumers who switch companies do it for a variety of reasons including delays in paying claims, high prices, high rates after DUI convictions and denial of a claim. It doesn’t matter why you want to switch finding a great new company is not as difficult as it may seem.
