Car Insurance Rates for a Toyota Sequoia in Raleigh

The best way to get more affordable Toyota Sequoia insurance is to do a yearly price comparison from companies who can sell car insurance in Raleigh. Prices can be compared by following these steps.

1. Gain an understanding of car insurance and the things you can control to prevent rate increases. Many factors that are responsible for high rates such as your driving record and an unfavorable credit rating can be amended by making lifestyle changes or driving safer.
2. Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from one company like GEICO or Allstate, while independent agencies can give you price quotes for a wide range of insurance providers.
3. Compare the new quotes to the price on your current policy and determine if cheaper Sequoia coverage is available. If you find a lower rate, ensure coverage does not lapse between policies.

A crucial key to this process is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on each price quote and and to analyze as many companies as you can. This guarantees the most accurate price comparison and maximum price selection.

A recent NerdWallet.com study revealed that a large majority of auto insurance policyholders have remained with the same auto insurance company for a minimum of four years, and nearly the majority have never compared rates from other carriers. The average driver in Raleigh could save an average of almost $90 each year just by shopping around, but they won’t spend time to compare rate quotes.

If you have a policy now or need a new policy, you can use these tips to reduce premiums without having to cut coverage. Buying the cheapest auto insurance in Raleigh is much easier if you have a good place to start. You just need to know the tricks to buy auto insurance online.

Finding a better price on car insurance isn’t really that difficult. You just need to take a couple of minutes comparing rates to see which company has affordable Toyota Sequoia insurance quotes.

It’s so simple to compare car insurance quotes online makes it obsolete to call or drive to all the different Raleigh insurance agencies. Comparing Toyota Sequoia insurance rate quotes online eliminates the middleman unless you want the professional abilities of a local agency. Although, it is possible compare the best prices online and have a local agent actually service the policy.

The companies shown below are ready to provide free rate quotes in Raleigh, NC. To find cheap auto insurance in NC, it’s a good idea that you compare several of them to find the cheapest auto insurance rates.

Rates and data analysis

The rate information displayed below outlines detailed analysis of coverage costs for Toyota Sequoia models. Having a good grasp of how insurance rates are calculated is important for you to make smart choices when choosing a car insurance company.

Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rates do not factor in garaging location in Raleigh which can alter auto insurance rates considerably.

Rate comparison for different deductibles

When comparing auto insurance rates, the most common question is which deductibles should you choose. The comparisons below lay out the rate difference when you select higher and lower deductibles. The first pricing table uses a $250 deductible and the second data table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in specific location information which can affect coverage prices substantially.

Based on the above data, using a $250 deductible costs roughly $21 more each month or $252 every year than requesting the higher $1,000 deductible. Because you would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 36 months between claims, you would more than likely save some money by going with a higher deductible.

One important caveat is that raising deductibles means you will have to pay more when you file a claim. That will force you to have some savings in order to pay the deductible for vehicle repair.

Comparison of auto insurance rates by age and gender

The diagram below illustrates the difference between Toyota Sequoia car insurance rates for male and female drivers. The premium estimates are based on no accidents, no driving violations, comp and collision included, $500 deductibles, drivers are single, and no other discounts are factored in.

Full coverage versus liability-only in Raleigh

The diagram below compares Toyota Sequoia auto insurance costs when comparing full coverage to state minimum liability only. The premiums assume no accidents, no driving violations, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

When to drop comp and collision

There is no clear-cut rule of when to stop paying for comp and collision coverage, but there is a general convention. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s say your Toyota Sequoia book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $2,000 after the policy deductible has been paid. If you are currently paying more than $200 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some circumstances where buying only liability insurance is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

Car insurance in North Carolina serves several purposes

Despite the fact that car insurance is not cheap in Raleigh, buying car insurance is most likely required but also gives you several important benefits.

• Just about all states have minimum liability requirements which means you are required to buy a specific level of liability protection in order to get the vehicle licensed. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your Toyota, most lenders will force you to have full coverage to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank will be required to insure your Toyota at a significantly higher premium and force you to pay for it.
• Car insurance protects not only your Toyota Sequoia but also your assets. It will also reimburse you for medical bills for you, any passengers, and anyone injured in an accident. Liability coverage will also pay attorney fees if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will cover the repair costs.

The benefits of having insurance more than offset the price you pay, especially for larger claims. On average, a vehicle owner in Raleigh overpays as much as $820 a year so you should quote rates every year to make sure the price is not too high.

Get Cheap Insurance with These Tips

Consumers need to have an understanding of some of the factors that are used to determine the level of your policy premiums. When you know what positively or negatively determines premiums, this allows you to make educated decisions that may result in better insurance rates. Multiple criteria are used when premium rates are determined. Some of the criteria are obvious like an MVR report, although others are more obscure such as your marital status or your vehicle rating.

• Companies want multiple policies – Most larger insurance companies will award lower prices to insureds who buy several policies from them such as combining an auto and homeowners policy. Even with this discount applied, drivers will still want to compare other Raleigh Sequoia insurance rates to confirm you are receiving the best rates possible.
• Vehicle options can affect premiums – Choosing to buy a car with anti-theft technology or alarm system can save you a little every year. Systems that thwart thieves such as OnStar, LoJack tracking, and tamper alarms all help stop auto theft and help lower rates.
• Job can influence premiums – Careers like real estate brokers, executives, and miners tend to pay higher rates than the rest of us attributed to intense work-related stress and lengthy work days. Other jobs such as farmers, historians and performers pay lower than average rates.
• More miles driven equals more premium – The higher the miles on your Toyota in a year’s time the more you’ll pay to insure your vehicle. A lot of companies calculate rates determined by how the vehicle is used. Autos that are left in the garage receive better premium rates than those used for commuting. Incorrect rating for your Sequoia can result in significantly higher rates. Verify your vehicle rating correctly shows the correct driver usage, because improper ratings can cost you money.
• Liability coverage is important – Your insurance policy’s liability coverage will afford coverage if a court rules you are at fault for personal injury or accident damage. It will provide legal defense coverage starting from day one. This coverage is very inexpensive compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
• Know your credit rating – Credit history can be a huge factor in determining your rates. If your credit score leaves room for improvement, you could potentially save money when insuring your Toyota Sequoia if you improve your credit rating. Insureds with excellent credit tend to be more responsible than drivers who have poor credit.

• Toyota Sequoia insurance loss statistics – Insurers use statistical claims data to help calculate premium rates. Models that statistically have a trend towards higher claim severity or frequency will have increased rates.

  The next table shows the collected loss data for Toyota Sequoia vehicles. For each policy coverage type, the claim probability for all vehicles compiled together is considered to be 100. Percentages below 100 indicate better than average losses, while numbers above 100 indicate a higher chance of having a claim or statistically larger losses.

  
  

  Insurance Loss Ratings for Toyota Sequoia Vehicles

  Specific Toyota Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Toyota Sequoia 4dr 2WD	70	103	80	57
  Toyota Sequoia 4dr 4WD	82	115	96	57	50	77

  BETTER

  AVERAGE

  WORSE

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

Don’t neglect these discounts

Insuring your fleet can be pricey, but you might find some hidden discounts to cut the cost considerably. A few discounts will automatically apply at quote time, but once in a while a discount must be manually applied before being credited.

• Claim-Free Discount – Raleigh drivers who stay claim-free have much lower rates compared to drivers with a long claim history.
• Multiple Cars – Insuring several vehicles on one policy could earn a price break for each car.
• Multi-policy Discount – If you have multiple policies with the same company you may earn 10% to 20% off each policy.
• Anti-lock Brakes – Cars with ABS braking systems or traction control have fewer accidents and earn discounts up to 10%.
• Fewer Miles Equal More Savings – Driving less can earn better rates on cars that stay parked.
• Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance.
• Employee of Federal Government – Federal government employees can earn a discount up to 10% with certain companies.
• Paper-free Discount – A few larger online companies will give you a small discount for buying your policy online.

As is typical with insurance, most of the big mark downs will not be given to the whole policy. The majority will only reduce the cost of specific coverages such as comp or med pay. So when the math indicates all those discounts means the company will pay you, insurance companies aren’t that generous.

The example below compares Toyota Sequoia car insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no claims or driving citations, North Carolina 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-car, homeowner, marriage, safe-driver, multi-policy, and claim-free discounts applied.

The best insurance companies and a selection of discounts are detailed below.

• Farmers Insurance may have discounts that include alternative fuel, good student, switch companies, distant student, early shopping, electronic funds transfer, and homeowner.
• State Farm includes discounts for accident-free, good student, passive restraint, Drive Safe & Save, good driver, student away at school, and anti-theft.
• Liberty Mutual has savings for new graduate, newly married, teen driver discount, newly retired, and hybrid vehicle.
• MetLife policyholders can earn discounts including claim-free, good driver, defensive driver, multi-policy, accident-free, good student
• Progressive may offer discounts for multi-policy, homeowner, continuous coverage, good student, and online quote discount.

Check with each company which discounts they offer. A few discounts may not apply in your state. To locate companies that have a full spectrum of discounts in North Carolina, click this link.

Auto insurance agents can help

Some consumers prefer to visit with an insurance agent and that is OK! Experienced insurance agents are trained to spot inefficiencies and will help you if you have claims. One of the benefits of comparing insurance online is that drivers can save money and get lower rates and still choose a local agent.

After filling out this short form, the coverage information is instantly submitted to insurance agents in Raleigh who will give you quotes for your insurance coverage. There is no reason to do any legwork because quoted prices will be sent instantly to you. If you need to quote rates from a particular provider, you would need to find their quoting web page and submit a quote form there.

Deciding on an company needs to be determined by more than just the bottom line cost. These are some questions your agent should answer.

• Which companies can they place coverage with?
• Will they give you a referral list?
• How much experience to they have in personal lines coverages?
• How does the company pay claims for a total loss?
• Do they have cheaper tiers of coverage?
• Are claim adjusters local or do you have to take your car somewhere else?
• Is the agent properly licensed in North Carolina?
• Can you use your own choice of collision repair facility?

Exclusive and independent Raleigh car insurance agents

If you would like to find a good Raleigh insurance agent, you must know there are a couple different types of agencies and how they are distinctly different. Agents can be described as either independent agents or exclusive agents depending on their employer. Both can handle insurance, but it’s important to point out why they differ since it can affect the kind of agent you use.

Exclusive Insurance Agencies

Exclusive agencies can only quote rates from one company and examples are Farmers Insurance, American Family, State Farm and Allstate. These agents are not able to compare rates from other companies so you need to shop around if the rates are high. These agents receive a lot of sales training on sales techniques which aids in selling service over price.

The following is a short list of exclusive insurance agents in Raleigh who can help you get comparison quotes.

View more Raleigh agents

Independent Agencies or Brokers

Independent agents are not locked into one company so they can write business through many companies and find the cheapest insurance rates. If they quote lower rates, your policy is moved internally without you having to go to a different agency. If you need lower rates, you need to include price quotes from a couple of independent agencies in order to compare the most rates.

Below are Raleigh independent insurance agencies willing to provide price quotes.

View more Raleigh agents

If you feel you receive good responses to these questions and an acceptable price quote, you’ve probably found an insurance agent that meets the criteria to adequately provide insurance.

How much can you save?

Low-cost Toyota Sequoia insurance in Raleigh is definitely available on the web and from local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies do not provide rate quotes online and many times these smaller companies sell through independent agencies.

As you restructure your insurance plan, it’s not a good idea to reduce needed coverages to save money. In many cases, an insured cut collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.

In this article, we presented some good ideas how to reduce Toyota Sequoia insurance rates online in Raleigh. The key concept to understand is the more you quote Raleigh car insurance, the better your chances of lowering your car insurance rates. You may even be surprised to find that the biggest savings come from a lesser-known regional company. Regional companies may often insure only within specific states and give better rates than the large multi-state companies such as Allstate, GEICO and Progressive.

More detailed insurance information can be read at these sites:

• Teen Driving Statistics (iihs.org)
• Booster Seat Ratings (iihs.org)
• Five Mistakes to Avoid (Insurance Information Institute)
• Automakers compete to add autobraking (Insurance Institute for Highway Safety)