Best Insurance for a Toyota Sequoia in Los Angeles

There isn’t a single person who likes buying auto insurance, especially knowing the price is too high.

It’s hard to believe, but a large majority of drivers have bought auto insurance from the same company for at least the last four years, and roughly 40% of drivers have never even compared rates from other companies. With the average premium in California being $1,390, drivers could save roughly $500 every year by just comparing rate quotes, but they don’t want to spend time to find lower-cost rates by getting comparison quotes.

Many car insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates to find the absolute lowest price on Toyota Sequoia insurance in Los Angeles.

If you currently have a car insurance policy, you stand a good chance to be able to shop for the lowest rates using these tips. Choosing the best rates in Los Angeles is not that difficult. But California consumers can benefit by having an understanding of the methods companies use to determine prices because it varies considerably.

Companies offering Toyota Sequoia insurance in California

The providers in the list below can provide comparison quotes in Los Angeles, CA. If several companies are displayed, it’s highly recommended you visit as many as you can to get the best price comparison.

Auto insurance statistics and figures

The coverage information shown below covers detailed analysis of rate quotes for Toyota Sequoia models. Learning how insurance prices are calculated can be valuable when making smart choices when choosing a car insurance company.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Table data does not factor in specific zip code location which can impact insurance rates significantly.

Comparison of policy deductibles

When shopping for auto insurance, a common question is how high or low should comp and collision deductibles be. The comparison tables below may aid in understanding the costs and benefits between high and low coverage deductibles. The first pricing table uses a $250 deductible for physical damage and the second data table uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium costs do not factor in specific Los Angeles garaging location which can impact coverage prices noticeably.

Using the data above, we can ascertain that using a $250 deductible will cost you roughly $20 more each month or $240 for a full year than opting for the higher $500 deductible. Since you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 13 months between claim filings, you would save more money if you choose the higher deductible.

The illustration below demonstrates how choosing different deductibles and can impact Toyota Sequoia insurance costs for different age categories. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.

Liability only or full coverage

The example below shows the comparison of Toyota Sequoia insurance prices with full physical damage coverage compared to only buying liability only. The data assumes no accidents or driving violations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

When to switch to liability coverage only

There is no exact formula for dropping physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Toyota Sequoia claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after paying your policy deductible. If premiums are more than $400 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are some circumstances where buying only liability insurance is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not remove full coverage.

These discounts can reduce Toyota Sequoia insurance rates

Insurance can cost an arm and a leg, but there could be significant discounts to help offset the cost. Larger premium reductions will be automatically applied at the time of quoting, but a few need to be specifically requested before you get the savings.

• Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
• Waiver for an Accident – This one is not really a discount per se, but certain companies permit an accident before your rates go up as long as you don’t have any claims before the accident.
• College Student Discount – Kids who are attending college and do not have access to a covered vehicle may be able to be covered for less.
• Military Discounts – Being on active duty in the military could trigger a small discount.
• Professional Organizations – Affiliation with certain professional organizations could qualify you for a break on your next auto insurance statement.

It’s important to understand that some of the credits will not apply to the entire cost. Most cut the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

The information below shows the comparison of Toyota Sequoia premium costs with and without discounts applied. The premiums assume a male driver, no claims or driving violations, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-policy, safe-driver, claim-free, and multi-car discounts applied.

For a list of companies that offer discounts in Los Angeles, click here to view.

Buying from auto insurance agents

A lot of people just want to sit down with an agent and that is OK! One of the great benefits of comparing rates online is that you can obtain cheap rate quotes and still have a local agent.

By using this form (opens in new window), the coverage information is emailed to local insurance agents who will return price quotes for your insurance coverage. It’s much easier because you don’t need to search for any insurance agencies as quotes are delivered immediately to you. It’s the lowest rates AND an agent nearby. If for some reason you want to compare rates from a particular provider, don’t hesitate to visit that company’s website to submit a rate quote request.

Finding the right provider is decision based upon more than just the bottom line cost. The following questions are important to ask.

• Are there any discounts that you might be missing?
• Is there a local claims center in Los Angeles?
• Do you work with a CSR or direct with the agent?
• What company holds the largest book of business for them?
• When do they do policy reviews?
• Does the agency have a good rating with the Better Business Bureau?

Independent or Exclusive: It’s your choice

If you want to buy insurance from a reliable agent, it’s helpful to know the types of insurance agents and how they are slightly different. Insurance agents in Los Angeles are considered either independent or exclusive.

Exclusive Insurance Agents

Agents that elect to be exclusive write business for a single company such as Allstate, State Farm and Farm Bureau. Exclusive agents cannot give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are trained well on sales techniques which helps offset the inability to provide other markets.

Shown below is a short list of exclusive insurance agencies in Los Angeles that are able to give price quote information.

More insurance agents

Independent Insurance Agents

Agents in the independent channel do not write with just one company so they have the ability to put coverage through many different insurance companies and potentially find a lower price. If they quote lower rates, your agent can just switch to a different company and you won’t have to switch agencies. If you need lower rates, you will definitely want to compare prices from independent agents in order to compare the most rates.

The following are Los Angeles independent agencies that can give you rate quotes.

More insurance agents

How much can you save?

More affordable auto insurance in Los Angeles can be found online as well as from insurance agents, so you should compare both to have the best selection. Some insurance providers don’t offer the ability to get quotes online and most of the time these regional carriers only sell coverage through independent insurance agencies.

We just showed you many tips how you can get a better price on Toyota Sequoia insurance in Los Angeles. The most important thing to understand is the more providers you compare, the better your chances of lowering your car insurance rates. Drivers may even discover the lowest priced auto insurance comes from the smaller companies. They may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.

Additional information is available below:

• What are my Rights when Filing a Claim? (Insurance Information Institute)
• Who Has Affordable Auto Insurance for a Ford Focus in Los Angeles? (FAQ)
• How Much is Los Angeles Auto Insurance for Drivers with Good Credit? (FAQ)
• Choosing an Insurance Company (Insurance Information Institute)
• Understanding Rental Car Insurance (Insurance Information Institute)