Cheap Insurance for a Toyota Sequoia in Lubbock

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Insurance quote for Toyota Sequoia in LubbockIf you want to find the absolute lowest rates, then the best way to get the cheapest Toyota Sequoia insurance in Lubbock is to start doing an annual price comparison from companies in Texas. Price quotes can be compared by following these guidelines.

Step 1: It will benefit you to learn about what is in your policy and the modifications you can make to keep rates low. Many risk factors that cause rate increases such as tickets, at-fault accidents, and an unacceptable credit score can be amended by making minor changes in your lifestyle. Later in this article we will cover more ideas to help reduce premium rates and get bigger discounts.

Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive and State Farm, while agents who are independent can quote prices from multiple sources.

Step 3: Compare the new quotes to your existing rates and determine if cheaper Sequoia coverage is available. If you find better rates and make a switch, verify that coverage does not lapse between policies.

Step 4: Provide adequate notice to your current company to cancel your current policy. Submit the completed application along with a down payment for the new coverage. Don't forget to put the certificate of insurance along with your vehicle registration.

One piece of advice is that you use identical coverage information on each price quote and to quote with as many different insurance providers as possible. This enables a fair rate comparison and the best rate selection.

It's well known that insurance companies don't want you quoting rates from other companies. Insureds who shop for lower prices are inclined to switch to a new company because there is a good probability of getting low-cost coverage. A recent insurance study revealed that consumers who routinely compared quotes saved about $72 a month as compared to drivers who don't make a habit of comparing rates.

If finding the lowest price for auto insurance is your objective, then knowing the best way to compare insurance premiums can help simplify the process.

Finding a lower price on Toyota Sequoia insurance doesn't have to be difficult. All you need to do is spend a few minutes comparing rates from some recommended companies.

The companies in the list below provide price comparisons in Lubbock, TX. In order to find cheap car insurance in Lubbock, we suggest you get rates from several of them in order to find the most competitive rates.

Rates and other information

The data table displayed below highlights a range of policy rates for Toyota Sequoia models. Having a good grasp of how auto insurance prices are determined can be valuable when making smart choices when buying a car insurance policy.

Toyota Sequoia Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sequoia SR/5 2WD $286 $486 $430 $26 $128 $1,356 $113
Sequoia SR/5 4WD $286 $572 $430 $26 $128 $1,442 $120
Sequoia Limited 2WD $318 $572 $430 $26 $128 $1,474 $123
Sequoia Limited 4WD $318 $572 $430 $26 $128 $1,474 $123
Sequoia Platinum 2WD $318 $660 $430 $26 $128 $1,562 $130
Sequoia Platinum 4WD $318 $660 $430 $26 $128 $1,562 $130
Get Your Own Custom Quote Go

Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in the specific area where the vehicle is garaged which can impact coverage rates substantially.

Raise deductibles and save

One of the hardest decisions when shopping for auto insurance is where to set your physical damage deductibles. The rates shown below may aid in understanding the rate differences of buying low and high coverage deductibles. The first data table uses a $250 deductible and the second rate table uses a $1,000 deductible.

Toyota Sequoia insurance policy 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
Get Your Own Custom Quote Go
Toyota Sequoia insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sequoia SR/5 2WD $206 $312 $382 $22 $114 $1,036 $86
Sequoia SR/5 4WD $206 $368 $382 $22 $114 $1,092 $91
Sequoia Limited 2WD $228 $368 $382 $22 $114 $1,114 $93
Sequoia Limited 4WD $228 $368 $382 $22 $114 $1,114 $93
Sequoia Platinum 2WD $228 $424 $382 $22 $114 $1,170 $98
Sequoia Platinum 4WD $228 $424 $382 $22 $114 $1,170 $98
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium costs do not factor in Lubbock location which can increase or decrease auto insurance rates significantly.

Based on the above data, using a $250 deductible costs approximately $32 more each month or $384 annually across all Toyota Sequoia models than requesting the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 23 months between claims, you would come out ahead if you choose a higher deductible.

Cost difference between full coverage and liability

The illustration below illustrates the comparison of Toyota Sequoia annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no tickets, no at-fault accidents, $500 deductibles, drivers are not married, and no other discounts are factored in.

When to eliminate full coverage

There isn't a written rule for phasing out physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let's say your Toyota Sequoia settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If premiums are more than $300 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where removing full coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Lower rate quotes on Toyota Sequoia insurance in Lubbock with these auto insurance discounts

The price of auto insurance can be rather high, but discounts can save money and there are some available that can help lower your rates. Many of these discounts will be applied automatically when you quote, but once in a while a discount must be inquired about prior to receiving the credit.Cheaper auto insurance with discounts

  • Driver's Education for Students - Reduce the cost of insurance for teen drivers by having them participate in a local driver's education class in high school.
  • Defensive Driver - Taking time to complete a class that teaches safe driver techniques may get you a small discount if you qualify.
  • Buy New and Save - Adding a new car to your policy can get you a discount since new vehicles have better safety ratings.
  • Include Life Insurance and Save - Not all insurance carriers offer life insurance, but some may give you a lower premium rate if you buy auto and life insurance together.
  • Senior Citizen Rates - Seniors could receive a slight reduction on a Lubbock car insurance quote.
  • Anti-lock Brake System - Cars and trucks that have anti-lock braking systems prevent accidents and will save you 10% or more on Sequoia insurance in Lubbock.

Don't be shocked that some credits don't apply to the entire cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. Despite the appearance that adding up those discounts means a free policy, that's just not realistic.

The diagram below shows the difference between Toyota Sequoia premium costs with and without discounts applied to the policy rates. Data assumes a male driver, no violations or claims, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-car, homeowner, multi-policy, and claim-free discounts applied.

To see companies who offer discounts in Lubbock, click here.

Choosing Toyota vehicle insurance is an important decision

Despite the high cost, auto insurance is not optional due to several reasons.

  • Most states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability in order to drive the car. In Texas 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 bought your Toyota Sequoia with a loan, most lenders will require that you carry insurance to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank may insure your Toyota at a more expensive rate and require you to fork over for it.
  • Auto insurance preserves both your assets and your car. It will also reimburse you for all forms of medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If you have damage to your Toyota as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.

The benefits of having insurance more than cancel out the cost, especially for larger claims. On average, a vehicle owner in Lubbock overpays more than $810 a year so it's very important to do a rate comparison at every renewal to save money.

Auto insurance companies ranked

Insuring your vehicle with the right insurance provider is difficult considering how many choices there are in Texas. The rank data shown below can help you pick which auto insurers to look at when shopping your coverage around.

Top 10 Lubbock Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Top 10 Lubbock Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

What if I want to buy from local Lubbock insurance agencies?

Many drivers still prefer to visit with an insurance agent and often times that is recommended Most agents are trained to spot inefficiencies and help file insurance claims. One of the benefits of price shopping on the web is the fact that drivers can get the lowest rates and still have a local agent.

Find insurance agent in LubbockOnce you complete this form (opens in new window), your insurance data is emailed to companies in Lubbock who will give competitive quotes to get your business. It's much easier because you don't need to search for any insurance agencies since price quotes are sent to the email address you provide. If for some reason you want to quote rates from a particular provider, you can always go to their quote page and submit a quote form there.

Picking the best company is decision based upon more than just the premium amount. Any good agent in Lubbock should know the answers to these questions.

  • What kind of financial rating does the company have?
  • Can they give you a list of client referrals?
  • How would your car be valued if totaled?
  • How long has their agency been in business in Lubbock?
  • What company holds the largest book of business for them?

When finding a local Lubbock insurance agent, you need to know there are two types of agencies and how they are slightly different. Lubbock agents can either be independent or exclusive. Either one can sell and service auto insurance coverage, but it's good to learn how they are different since it could factor into your selection of an agent.

Exclusive Auto Insurance Agents

Agents of this type can only write with one company and examples are American Family, State Farm, and AAA. Exclusive agents are unable to provide prices from multiple companies so if the price isn't competitive there isn't much they can do. They receive a lot of sales training on their company's products which helps them sell insurance even at higher premiums. Many people purchase coverage from exclusives partially due to the prominent brand name and the convenience of having a single billing for all their coverages.

Shown below is a short list of exclusive insurance agents in Lubbock that are able to give price quote information.

More Lubbock agents

Independent Auto Insurance Agencies

Agents of this type often have many company appointments so they can insure your vehicles with a variety of different insurance companies and find the cheapest auto insurance rates. If your premiums go up, they simply move your policy to a different company and that require little work on your part.

If you need lower rates, you need to include at least one independent agent to get the most accurate price comparison. Most can insure with less well-known companies that can offer cheaper rates than bigger companies.

Listed below is a list of independent insurance agencies in Lubbock that can give you comparison quotes.

More Lubbock agents