Cheap 2004 Toyota Sequoia Insurance Rates

Feel like you’re a prisoner to an overpriced auto insurance policy? Believe me, you’re not alone. With so many auto insurance companies to choose from, it can be impossible to find the lowest cost provider.

You should make it a habit to compare rates once or twice a year because insurance rates are usually higher with each renewal. If you had the best price for Sequoia insurance a couple years back the chances are good that you can find a lower rate today. There is a lot of bad advice regarding auto insurance online but by reading this article, you’re going to learn some tested techniques to stop overpaying for insurance.

Compare the Market for Auto Insurance

Finding lower auto insurance rates can be surprisingly simple. Consumers just need to take the time to compare quotes online with multiple companies. This can be done using a couple different methods.

  1. The most efficient way consumers can make multiple comparisons is to use a rate comparison form like this one (opens in new window). This type of form saves time by eliminating repetitive form submissions for each company. One simple form will return price quotes from many national carriers.
  2. A more time consuming way to get comparison quotes requires visiting each company’s website and fill out their own quote form. For instance, we’ll pretend you want comparison quotes from State Farm, Progressive and Liberty Mutual. To get each rate you have to spend time on each company’s site to enter your coverage information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.

It’s your choice how you get your quotes, but make sure you use the exact same coverages and limits for each price quote. If you compare mixed coverages it will be next to impossible to truly determine the lowest rate.

Cut your insurance rates with discounts

Insurance can cost an arm and a leg, but there are discounts available to cut the cost considerably. Larger premium reductions will be automatically applied when you get a quote, but some may not be applied and must be specifically requested before being credited. If you’re not getting every credit available, you’re just leaving money on the table.

  • Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and therefore earn up to a 10% discount.
  • Drive Less and Save – Low mileage vehicles could be rewarded with a substantially lower rate.
  • E-sign – Certain companies will give a small break for buying a policy and signing up digitally online.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying monthly you could save up to 5%.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off your PIP or medical payments premium.
  • New Car Discount – Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.

As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most only reduce specific coverage prices like collision or personal injury protection. Just because you may think having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will help reduce the amount you have to pay.

A partial list of companies who might offer these benefits include:

Check with each insurance company which discounts they offer. Savings might not apply in your state.

You are unique and your auto insurance should be too

When it comes to choosing coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that may help highlight if your situation may require specific advice.

  • Do I have coverage when using my vehicle for my home business?
  • Is my cargo covered for damage or theft?
  • Do I need special endorsements for business use of my vehicle?
  • Should I sign the liability waiver when renting a car?
  • Is my teen driver covered when they drive my company car?
  • Am I covered when driving a rental car?
  • Does my 2004 Toyota Sequoia need full coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Should I buy additional glass protection?
  • Why am I required to buy liability insurance?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Why you might be paying too much to insure your Toyota Sequoia

Smart consumers have a good feel for the rating factors that help determine auto insurance rates. Understanding what controls the rates you pay empowers consumers to make smart changes that could result in big savings.

The following are a few of the “ingredients” used by your company to calculate premiums.

  • Pay less after the wedding – Having a spouse actually saves money on auto insurance. Having a spouse translates into being more mature and responsible and it’s statistically proven that drivers who are married are more cautious.
  • Add-on coverages can add up – There are a lot of add-on coverages that you can buy on your auto insurance policy. Things like rental car reimbursement, towing coverage and term life insurance may be wasting your money. They may seem like a good idea at first, but if they’re wasting money remove them from your policy.
  • Older drivers pay less – More mature drivers are more cautious drivers, file fewer claims and get fewer tickets. Young drivers are statistically proven to get distracted easily when driving and because of this, their auto insurance rates are much higher.
  • Poor credit can mean higher rates – Credit rating is a important factor in your rate calculation. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with lower ratings. Therefore, if your credit rating can use some improvement, you could potentially save money when insuring your 2004 Toyota Sequoia by improving your credit score.
  • Claim-free discounts can add up – If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Insurance companies generally give lower rates to people who do not rely on their insurance for small claims. Auto insurance is meant to be used in the event of larger claims.

Coverages available on your policy

Learning about specific coverages of insurance helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages found on most insurance policies.

Collision coverage – Collision insurance pays for damage to your Sequoia resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like hitting a mailbox, colliding with another moving vehicle, sideswiping another vehicle and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Toyota Sequoia.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive coverage – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like a broken windshield, damage from a tornado or hurricane, theft, hitting a deer and fire damage. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability car insurance – This coverage protects you from damage or injury you incur to people or other property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like structural damage, legal defense fees and medical services. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for immediate expenses such as rehabilitation expenses, EMT expenses and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Buy online or local, you save

We’ve covered quite a bit of information on how to compare 2004 Toyota Sequoia insurance prices online. The most important thing to understand is the more companies you get rates for, the higher your chance of finding lower rates. You may be surprised to find that the lowest premiums are with the smaller companies. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm, GEICO and Nationwide.

Affordable insurance can be found online and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. A few companies may not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

More detailed car insurance information can be found in the articles below: