Want to learn how to save money and find low-cost Toyota Sequoia insurance in Philadelphia? Having to pay for high-priced car insurance in Philadelphia can diminish your savings account and force you to prioritize other expenses.
A recent car insurance study discovered that nearly 70% of customers have been with the same company for four years or more, and nearly 40% of drivers have never compared rate quotes at all. Pennsylvania insurance shoppers could save an average of 55% each year just by shopping around, but they just don’t understand how easy it is to compare rate quotes online.
Multiple auto insurance companies compete to insure your vehicles, and it can be difficult to compare rates and get the definite cheapest price on Toyota Sequoia insurance in Philadelphia.
You need to price shop coverage as often as possible because prices are adjusted regularly by insurance companies. Just because you had the lowest price on Toyota Sequoia insurance in Philadelphia last year a different company probably has better rates today. There are lots of tips to save on Sequoia insurance online, but you can learn some excellent ideas to save money.
If you currently have auto insurance, you will be able to reduce premiums using this information. Finding the cheapest coverage in Philadelphia is actually quite easy if you know where to start. Although Pennsylvania drivers can benefit from knowing the methods companies use to determine prices and apply this information to your search.
Low Cost car insurance in Philadelphia, PA
The companies shown below can provide price comparisons in Philadelphia, PA. If multiple companies are shown, it’s highly recommended you compare several of them to find the most competitive car insurance rates.
Insurance coverage analysis
The premium table displayed below showcases estimates of coverage prices for Toyota Sequoia models. Having a good understanding how insurance policy rates are established can help guide drivers when making smart choices when comparing insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sequoia SR/5 2WD||$274||$528||$372||$22||$112||$1,308||$109|
|Sequoia SR/5 4WD||$274||$620||$372||$22||$112||$1,400||$117|
|Sequoia Limited 2WD||$306||$620||$372||$22||$112||$1,432||$119|
|Sequoia Limited 4WD||$306||$620||$372||$22||$112||$1,432||$119|
|Sequoia Platinum 2WD||$306||$714||$372||$22||$112||$1,526||$127|
|Sequoia Platinum 4WD||$306||$714||$372||$22||$112||$1,526||$127|
|Get Your Own Customized Quote Go|
Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Price information does not factor in specific garaging location which can influence rates significantly.
Cost comparison with and without full coverage
The information below shows the comparison of Toyota Sequoia annual premium costs with full physical damage coverage and with liability coverage only. The rates are based on no violations or accidents, $500 deductibles, single status, and no other discounts are factored in.
When to buy liability coverage only
There is no specific rule of when to drop full coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s say your Toyota Sequoia book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $2,000 after the deductible is paid. If it’s costing you more than $200 a year for physical damage coverage, then it might be time to buy liability only.
There are some cases where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Cut Insurance Costs with These Tips
The best way to find cheaper auto insurance is to take a look at the rating factors that come into play when calculating your auto insurance rates. If you have some idea of what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may result in cheaper rates. Lots of factors are part of the equation when you get your auto insurance bill. Most are fairly basic like an MVR report, although some other factors are less obvious like your vehicle usage or how safe your car is.
The itemized list below are a partial list of the pieces used by your company to calculate premiums.
- Lower rates by increasing physical damage deductibles – The deductibles you choose state the amount of money you are willing to pay out-of-pocket in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, protects your car from damage. Examples of some claims that would be covered are a windshield broken by a bird, damage from fire, and damage from wind. The more you choose to pay out-of-pocket, the less your company will charge you for insurance.
- Discounts for alarm systems – Buying a car with advanced anti-theft systems can get you a discount on your auto insurance. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft and help lower rates.
- Pleasure use saves money – The higher the miles on your Toyota every year the more it will cost to insure it. The majority of insurers price each vehicle’s coverage based on their usage. Cars and trucks not used for work or commuting get more affordable rates as compared to vehicles used primarily for driving to work. It’s always a good idea to double check that your auto insurance declarations sheet states the correct driver usage. An improperly rated Sequoia is just wasting money.
- More traffic means higher claims – Being located in small towns and rural areas can be a good thing when it comes to auto insurance. Fewer drivers and short commutes means fewer accidents and a lower car theft rate. People in densely populated areas tend to have more aggressive driving styles and a longer drive to work. More time on the road can result in more accidents.
Females tend to take less risk – Over the last 50 years, statistics have shown that women are safer drivers than men. That doesn’t necessarily mean that women are BETTER drivers than men. Females and males are responsible for accidents in similar percentages, but the men get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations like DWI (DUI) or reckless driving. Male drivers age 16 to 19 are the most expensive to insure and therefore are the most expensive to insure.
The illustration below shows the comparison of Toyota Sequoia insurance prices for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, comp and collision included, $250 deductibles, marital status is single, and no discounts are factored in.
- Higher prices for high stress jobs – Careers such as real estate brokers, airline pilots, and accountants generally pay higher premium rates attributed to stressful work requirements and incredibly demanding work hours. Conversely, jobs like scientists, engineers and homemakers have the lowest average rates.
- Do you really need the incidental coverages? – There are a lot of extra coverages you can purchase if you don’t pay attention. Coverages like rental car coverage, accident forgiveness, and term life insurance could be just wasting money. They may sound like good ideas when buying your policy, but now you might not need them so remove them from your policy.
Younger drivers pay higher prices – Older people are more responsible, cost insurance companies less in claims, and get fewer tickets. Young drivers are statistically proven to be easily distracted in a vehicle therefore auto insurance rates are much higher.
The chart below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.
Loss statistics for a Toyota Sequoia – Companies factor in historical loss data to help determine the rate you pay. Vehicles that the data determines to have a trend towards higher claims will cost more for coverage.
The table below demonstrates the insurance loss data for Toyota Sequoia vehicles. For each policy coverage, the statistical loss for all vehicles compiled together is represented as 100. Percentage values below 100 are indicative of better than average losses, while percentage numbers above 100 show a trend for more claims or an increased likelihood of larger losses.
Toyota Sequoia Insurance Claim Statistics Make and 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 77BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Save a ton by earning discounts
Companies offering auto insurance don’t necessarily list all their discounts very clearly, so we took the time to find some of the more common as well as some of the hidden discounts that you can inquire about if you buy Philadelphia auto insurance online.
- Anti-lock Brake Discount – Cars, trucks, and SUVs that have anti-lock braking systems can avoid accidents so you can save 10 percent or more.
- Driver Safety – Passing a course that instructs on driving safety can save you 5% or more depending on where you live.
- No Claim Discounts – Philadelphia drivers who stay claim-free pay less compared to insureds who have frequent claims or accidents.
- Telematics Devices – Philadelphia drivers who agree to allow their company to study when and where they use their vehicle by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks as long as they are good drivers.
- One Accident Forgiven – Not really a discount, but companies like Progressive and Allstate permit an accident before they charge you more for coverage if you are claim-free for a certain period of time.
- Discounts for Safe Drivers – Drivers without accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
- Payment Discounts – If you pay your entire premium ahead of time rather than spreading payments over time you can avoid monthly service charges.
- Lower Rates for Military – Being deployed with a military unit could mean lower prices.
- Good Student – A discount for being a good student can save 20 to 25%. You can use this discount normally well after school through age 25.
- Use Seat Belts – Drivers who always wear seat belts and also require passengers to wear their seat belts can save up to 15% on medical payment and PIP coverage.
It’s important to note that some credits don’t apply to your bottom line cost. Most cut specific coverage prices like physical damage coverage or medical payments. So even though you would think all the discounts add up to a free policy, companies wouldn’t make money that way.
The illustration below illustrates the comparison of Toyota Sequoia auto insurance costs with and without some available policy discounts. The prices are based on a female driver, no claims, a clean driving record, Pennsylvania state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, safe-driver, homeowner, and multi-car discounts applied.
Some of the insurance companies that may have some of the discounts shown above include:
If you need affordable Toyota Sequoia insurance quotes, ask each company or agent to give you their best rates. A few discounts may not be offered in Philadelphia. If you would like to choose from a list of providers that have a full spectrum of discounts in Philadelphia, click here.
Buying insurance from Philadelphia insurance agents
Many people still prefer to have an agent’s advice and that is just fine! A good thing about comparing rate quotes online is the fact that drivers can get the best rates but also keep your business local. And providing support for local insurance agents is especially important in Philadelphia.
To find an agent, once you fill out this simple form, your coverage information is instantly submitted to local insurance agents in Philadelphia who will give you quotes for your business. You won’t need to drive around since rate quotes are delivered immediately to your email address. You can find lower rates without the usual hassles of price shopping. If you want to get a rate quote from a specific insurance provider, don’t hesitate to visit that company’s website and fill out the quote form the provide.
If you’re trying to find a reputable insurance agent or broker, you must know there are a couple different types of agencies and how they differ in how they quote coverages. Philadelphia agents are either independent (non-exclusive) or exclusive.
Independent Agents (or Brokers)
Independent agents are not required to write business for one company so they can insure your vehicles with lots of companies and possibly get better coverage at lower prices. If they find a lower price, they can switch companies in-house and you don’t have to switch agencies.
When comparing insurance prices, you definitely need to get quotes from several independent agencies to have the best price comparison.
The following are Philadelphia independent agents that can give you comparison quotes.
Exclusive Insurance Agencies
These type of agents can only write with one company such as AAA, Allstate, State Farm, or Farmers Insurance. They generally cannot provide rate quotes from other companies so keep that in mind. Exclusive insurance agents are well schooled on their products and sales techniques which helps offset the inability to provide other markets.
Listed below are exclusive insurance agents in Philadelphia who can help you get comparison quotes.
Deciding on an auto insurance agent should depend on more than just the quoted price. These are some questions your agent should answer.
- How long have they worked with personal auto insurance coverage?
- Are they giving you every discount you deserve?
- Do they have 24-hour customer assistance?
- Will a damage claim use OEM or aftermarket replacement parts?
- Are they paid to recommend certain coverages?
- Do they have any clout with companies to ensure a fair claim settlement?
Auto insurance can get complicated
When it comes to buying your policy, there really is no cookie cutter policy. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply.
For instance, these questions may help you determine whether you may require specific advice.
- Does insurance cover damages from a DUI accident?
- Who sells insurance for high-risk drivers?
- Why are teen drivers so expensive to add on to my policy?
- Should I have a commercial auto policy?
- Where can I get insurance after a DUI in Pennsylvania?
- Will filing a claim cost me more?
- Which is better, split liability limits or combined limits?
- How much will a speeding ticket raise my rates?
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
More quotes mean more car insurance savings
We’ve covered a lot of techniques to get a better price on Toyota Sequoia insurance in Philadelphia. The most important thing to understand is the more rate quotes you have, the higher your chance of finding inexpensive Philadelphia auto insurance quotes. You may even be surprised to find that the biggest savings come from some of the smallest insurance companies. These companies may have significantly lower auto insurance rates on certain market segments as compared to the big name companies such as State Farm and Allstate.
There are still a few companies who do not provide the ability to get a quote online and most of the time these smaller companies provide coverage only through independent insurance agents. Cheaper Toyota Sequoia insurance in Philadelphia can be sourced both online and from local insurance agents, so you should be comparing quotes from both to have the best selection.
More information is available on the following sites:
- Car Insurance FAQ (Trusted Choice)
- Who Has Affordable Auto Insurance for Drivers Under 25 in Philadelphia? (FAQ)
- How Much is Car Insurance for Drivers with Bad Credit in Philadelphia? (FAQ)
- Who Has Cheap Auto Insurance for a Toyota RAV4 in Philadelphia? (FAQ)
- Who Has Affordable Auto Insurance for Retired Military in Philadelphia? (FAQ)
- Who Has Affordable Philadelphia Car Insurance Quotes for a Ford Fusion? (FAQ)
- Teen Driving Statistics (GEICO)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- What to do at the Scene of an Accident (Insurance Information Institute)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)