Cheap Insurance for a Toyota Sequoia in Plano

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Insurance quote for Toyota Sequoia in PlanoIf you want to save money, the best way to save on auto insurance rates is to regularly compare price quotes from insurance carriers who sell insurance in Plano. You can compare rates by following these steps.

First, take a few minutes and learn about the different coverages in a policy and the measures you can control to keep rates low. Many rating criteria that result in higher prices such as high-risk driving behaviors and an unacceptable credit score can be eliminated by making small lifestyle or driving habit changes. This article gives more ideas to help keep prices low and find discounts that you may qualify for.

Second, compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO and Allstate, while independent agents can provide rate quotes for a wide range of companies.

Third, compare the new rates to your current policy premium to determine if you can save on Sequoia insurance in Plano. If you find a better price and make a switch, ensure coverage does not lapse between policies.

Fourth, provide notification to your current agent or company of your decision to cancel your current car insurance policy. Submit a down payment along with a signed application to your new carrier. As soon as you can, put the certificate verifying proof of insurance along with your vehicle registration.

A valuable tip to remember is that you'll want to compare the same liability limits and deductibles on each price quote and and to get price quotes from as many companies as feasibly possible. Doing this ensures a fair price comparison and a better comparison of the market.

A recent auto insurance study revealed that over 70% of consumers renewed their policy with the same company for at least four years, and roughly 40% of drivers have never compared rate quotes at all. Many drivers in Texas could save roughly $1,770 every year by just comparing quotes, but they just don't understand the amount of money they would save if they just switched companies.

Car insurance providers offering low-cost prices in Texas

The car insurance companies shown below can provide free rate quotes in Plano, TX. If your goal is to find the cheapest car insurance in Plano, TX, we recommend you click on several of them to get the best price comparison.

Detailed insurance information

The coverage table below highlights detailed analysis of insurance coverage prices for Toyota Sequoia models. Understanding how insurance prices are calculated can be valuable when making smart choices when comparing insurance quotes.

Toyota Sequoia Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sequoia SR/5 2WD $232 $392 $430 $26 $128 $1,208 $101
Sequoia SR/5 4WD $232 $462 $430 $26 $128 $1,278 $107
Sequoia Limited 2WD $258 $462 $430 $26 $128 $1,304 $109
Sequoia Limited 4WD $258 $462 $430 $26 $128 $1,304 $109
Sequoia Platinum 2WD $258 $532 $430 $26 $128 $1,374 $115
Sequoia Platinum 4WD $258 $532 $430 $26 $128 $1,374 $115
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can influence insurance rates noticeably.

Physical damage deductibles

A question often asked by Plano drivers is which deductibles should you choose. The following insurance rates illustrate the price difference of buying low and high comp and collision deductibles. The first data table uses a $250 physical damage deductible and the second rate chart uses a $500 deductible.

Toyota Sequoia insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sequoia SR/5 2WD $332 $496 $382 $22 $114 $1,371 $114
Sequoia SR/5 4WD $332 $584 $382 $22 $114 $1,459 $122
Sequoia Limited 2WD $370 $584 $382 $22 $114 $1,497 $125
Sequoia Limited 4WD $370 $584 $382 $22 $114 $1,497 $125
Sequoia Platinum 2WD $370 $672 $382 $22 $114 $1,585 $132
Sequoia Platinum 4WD $370 $672 $382 $22 $114 $1,585 $132
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Toyota Sequoia insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sequoia SR/5 2WD $270 $400 $382 $22 $114 $1,188 $99
Sequoia SR/5 4WD $270 $472 $382 $22 $114 $1,260 $105
Sequoia Limited 2WD $300 $472 $382 $22 $114 $1,290 $108
Sequoia Limited 4WD $300 $472 $382 $22 $114 $1,290 $108
Sequoia Platinum 2WD $300 $542 $382 $22 $114 $1,360 $113
Sequoia Platinum 4WD $300 $542 $382 $22 $114 $1,360 $113
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rates do not factor in Plano location which can alter rates considerably.

Based on the figures above, using a $250 deductible will cost you roughly $17 more each month or $204 annually averaged for all Sequoia models than choosing the higher $500 deductible. Since you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at least 15 months between claims, you would save more money if you choose a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $250 deductibles: $125
Average monthly premium for $500 deductibles (subtract): - $108
Monthly savings from raising deductible: $17
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to note is that raising deductibles to save money means you pay more out-of-pocket if you have a claim. You need to make sure you have enough disposable savings in the event you have to pay more to get your vehicle repaired.

The diagram below shows how choosing a deductible and can change Toyota Sequoia insurance rates for different age categories. The price estimates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

Toyota Sequoia insurance rates by gender in Plano

The diagram below visualizes the comparison of Toyota Sequoia insurance prices for male and female drivers. The premiums are based on no violations or accidents, full coverage, $1,000 deductibles, single status, and no discounts are factored in.

Cost difference between full coverage and liability

The diagram below shows the difference between Toyota Sequoia car insurance rates with liability coverage only compared to full coverage. The premiums are based on no accidents or driving violations, $100 deductibles, drivers are not married, and no policy discounts are applied.

When to eliminate full coverage

There isn't a steadfast formula of when to stop paying for physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let's assume your Toyota Sequoia settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after the deductible is paid. If you are paying more than $700 a year for full coverage, then it may be the right time to buy liability only.

There are some situations where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle in case of an accident, you should not remove full coverage.

Get cheap Toyota Sequoia insurance in Plano with discounts

Buying auto insurance is not cheap, but you might already qualify for some discounts that can help lower your rates. Certain discounts will be applied when you get a quote, but lesser-known reductions have to be asked for before they will apply.

  • Distant Student Discount - Older children living away from Plano attending college and won't have access to an insured vehicle may qualify for this discount.
  • Accident Waiver - Not really a discount, but a few companies such as Allstate and Progressive will turn a blind eye to one accident without the usual rate increase so long as you are claim-free for a set time period.
  • Discounts for Government Workers - Having worked for a branch of the government may qualify for a discount when you quote Plano car insurance depending on your company.
  • Low Miles Discount - Fewer annual miles on your Toyota could qualify for lower premium rates on the low mileage vehicles.
  • Buy New and Save - Insuring a vehicle that is new can save you some money compared to insuring an older model.
  • Early Switch Discount - Some companies provide a discount for switching policies prior to the expiration date on your current Sequoia insurance policy. This can save 10% or more.
  • Life Insurance Discount - Not all insurance carriers offer life insurance, but some may give you a break if you buy a life insurance policy as well.
  • Payment Method - By paying your entire bill at once instead of paying each month you may have a lower total premium amount.
  • Multi-policy Discount - When you combine your homeowners and auto insurance with one company you could save up to 20% and get you low cost Toyota Sequoia insurance.

One last thing about discounts, most discounts do not apply to the whole policy. A few only apply to specific coverage prices like collision or personal injury protection. If you do the math and it seems like you could get a free auto insurance policy, companies wouldn't make money that way.

The example below illustrates the comparison of Toyota Sequoia premium costs with and without discounts applied to the rates. The prices are based on a male driver, no accidents or driving violations, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, multi-car, claim-free, and marriage discounts applied.

Popular auto insurance companies and a partial list of their discounts are outlined below.

  • GEICO offers discounts including multi-policy, multi-vehicle, driver training, anti-lock brakes, emergency military deployment, and membership and employees.
  • Travelers may have discounts that include save driver, home ownership, driver training, multi-policy, and continuous insurance.
  • Nationwide policyholders can earn discounts including Farm Bureau membership, easy pay, good student, business or organization, accident-free, and family plan.
  • Farmers Insurance has savings for homeowner, switch companies, business and professional, multi-car, and good student.
  • Esurance has discounts for homeowner, anti-theft, safety device, emergency road assistance, anti-lock brakes, and Pac-12 alumni.
  • State Farm offers discounts for multiple autos, safe vehicle, defensive driving training, Steer Clear safe driver discount, Drive Safe & Save, good student, and passive restraint.
  • Progressive may offer discounts for multi-vehicle, homeowner, online quote discount, multi-policy, online signing, good student, and continuous coverage.
  • Mercury Insurance discounts include multi-car, multi-policy, low natural disaster claims, professional/association, type of vehicle, location of vehicle, and age of vehicle.

If you need lower rates, check with every company which discounts you may be entitled to. Depending on the company, some discounts might not be available to policyholders in Plano. To choose providers that have a full spectrum of discounts in Texas, follow this link.

Independent or exclusive insurance agencies

A lot of people prefer to sit down and talk to an agent and that can be a great decision The best thing about getting online price quotes is the fact that you can find the best rates and also buy local.

To make it easy to find an agent, after completing this short form, your information is submitted to local insurance agents who will give you bids to get your business. You never need to contact any insurance agencies since rate quotes are delivered to the email address you provide. You can find better rates and an insurance agent to talk to. If you need to quote rates from a specific company, just search and find their rate quote page and submit a quote form there.

Picking an provider requires you to look at more than just the price. Here are some questions to ask:

  • How long has their agency been in business in Plano?
  • Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
  • Will one accident increase rates?
  • Can you contact them at any time?
  • Is the agency covered by Errors and Omissions coverage?
  • Is coverage determined by price?

Choose the right auto insurance agent

If you are wanting to find an insurance agent, it can be helpful to understand the types of agencies that differ in how they can insure your vehicles. Auto insurance agents can be classified as either independent agents or exclusive agents depending on their employer.

Exclusive Agents

These agents can usually just insure with one company such as Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot compare other company's rates so they are skilled at selling on more than just price. They receive extensive training on the products they sell and that allows them to sell at a higher price point.

The following is a short list of exclusive agencies in Plano that are able to give comparison quotes.

5016 Tennyson Pkwy - Plano, TX 75024 - (972) 781-0808 - View Map

5809 Preston Rd #586 - Plano, TX 75093 - (972) 378-1024 - View Map

6100 K Ave #106 - Plano, TX 75074 - (972) 424-5900 - View Map

More Plano agents

Independent Agents

Independent insurance agents do not sell for just one brand and that allows them to write policies with lots of companies depending on which coverage is best. If they quote lower rates, they simply switch companies in-house which makes it simple for you. If you need lower rates, you need to get some free quotes from at a minimum one independent agency so that you can do a thorough price comparison.

Below are Plano independent insurance agents that are able to give comparison quotes.

3415 Custer Rd #161 - Plano, TX 75023 - (972) 964-4825 - View Map

4040 McDermott Rd #200 - Plano, TX 75024 - (972) 668-1000 - View Map

2817 Regal Rd # 101 - Plano, TX 75075 - (972) 596-5866 - View Map

More Plano agents

In the end, you can save money

When getting Plano car insurance quotes online, it's very important that you do not reduce coverage to reduce premium. There are many occasions where drivers have reduced full coverage to discover at claim time that the small savings ended up costing them much more. Your focus should be to buy the best coverage you can find at the lowest possible cost while not skimping on critical coverages.

Lower-priced Toyota Sequoia insurance in Plano can be found both online and from local insurance agents, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who may not provide the ability to get quotes online and most of the time these smaller providers work with independent insurance agents.

We covered quite a bit of information on how to find lower-cost Toyota Sequoia insurance in Plano. The key thing to remember is the more rate quotes you have, the better likelihood of getting the cheapest Toyota Sequoia rate quotes. You may even be surprised to find that the best price on car insurance is with the least-expected company. Some small companies may only write in your state and offer lower rates compared to the large companies like GEICO and State Farm.

Additional information