Find Cheaper Toyota Sequoia Insurance in Tampa

Would you like to save money by finding the cheapest Toyota Sequoia insurance in Tampa? Perplexed by the number of car insurance providers available to you? There are such a large number of options that it is a real challenge to find the perfect company for you. Everyone knows Tampa is a great place to live, but budgeting for expensive car insurance makes it very hard to pay for enough car insurance coverage.

Astonishing but true, most Florida car insurance customers kept their coverage with the same car insurance company for well over three years, and almost half have never quoted rates to find cheap coverage. Drivers in the U.S. could save up to $860 each year just by comparing rates, but they underestimate the benefits if they swap their current policy for a cheaper one.

Companies offering Toyota Sequoia insurance in Florida

The providers in the list below offer free rate quotes in Tampa, FL. In order to find cheap auto insurance in FL, it’s highly recommended you click on several of them in order to get a fair rate comparison.

Analysis of coverages

The premium table displayed next outlines a range of insurance policy prices for Toyota Sequoia models. Understanding more about how car insurance prices are formulated can help drivers make smart choices when comparing insurance quotes.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Prices do not factor in zip code location which can decrease or increase price quotes substantially.

An analysis of deductible level

One of the most common auto insurance questions is how low should you set your deductibles. The comparison tables below sum up the difference in cost when you buy lower versus higher comp and collision deductibles. The first set of rates uses a $250 deductible and the second price table uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Table data does not factor in specific garaging location which can decrease or increase coverage rates noticeably.

Using the premium rates above, we can conclude that using a $250 deductible will cost you about $34 more each month or $408 every year than quoting the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 22 months between claims, you would most likely save money if you opt for a higher deductible.

One thing to be aware of is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket if you have a claim. You need enough money put aside in the event you have to pay more to get your vehicle repaired.

Full coverage versus liability-only

The example below compares Toyota Sequoia insurance premiums with and without full coverage. The premiums are based on a clean driving record, no claims, $500 deductibles, single status, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no definitive rule for eliminating comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s say your Toyota Sequoia claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after paying your deductible. If it’s costing in excess of $500 a year to have full coverage, then you may need to consider dropping full coverage.

There are a few cases where only buying liability is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

You may qualify for discounts for Toyota Sequoia insurance in Tampa

Some companies do not advertise every policy discount very clearly, so below is a list a few of the more well known and the harder-to-find credits that may apply to you.

• Government Employees – Federal government employees can save as much as 8% with certain companies.
• Safety Restraint Discount – Drivers who require all occupants to fasten their seat belts could cut 10% or more on the premium charged for medical payments and/or PIP.
• Defensive Driver – Taking time to complete a course that instructs on driving safety could save 5% or more depending on where you live.
• Professional Organizations – Being a member of certain professional organizations could qualify you for a break on insurance.
• New Vehicle Savings – Buying a new car model can get you a discount due to better safety requirements for newer models.
• Driver’s Education for Students – Require your teen driver to complete a driver education course in school or through a local driver safety program.

A little disclaimer on discounts, many deductions do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

The information below visualizes the comparison of Toyota Sequoia premium costs with and without discounts. The prices are based on a male driver, no tickets, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, claim-free, safe-driver, and homeowner discounts applied.

A list of companies and some of the premium reductions they offer can be found below.

• GEICO has savings for seat belt use, anti-theft, driver training, good student, anti-lock brakes, multi-policy, and emergency military deployment.
• Travelers may include discounts for IntelliDrive, continuous insurance, student away at school, home ownership, hybrid/electric vehicle, and multi-policy.
• Farm Bureau policyholders can earn discounts including safe driver, driver training, good student, multi-vehicle, and 55 and retired.
• Liberty Mutual offers premium reductions for new move discount, preferred payment discount, new vehicle discount, hybrid vehicle, and new graduate.
• American Family has discounts for TimeAway discount, good driver, Steer into Savings, bundled insurance, mySafetyValet, and defensive driver.
• Progressive may have discounts that include good student, continuous coverage, multi-policy, online quote discount, multi-vehicle, online signing, and homeowner.

If you need cheaper Tampa auto insurance quotes, ask every insurance company which discounts they offer. Savings may not apply to policyholders in Tampa.

Don’t assume everyone needs the same insurance coverage

When quoting and choosing insurance from an agent or online, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions may help you determine whether you could use an agent’s help.

• What is an adequate liability insurance limit?
• Does rental coverage apply when I am renting a car?
• What is an SR-22 filing?
• Should I put collision coverage on all my vehicles?
• I have good health insurance, so how much medical payments coverage do I need?
• Does my insurance cover a custom paint job?
• How do I buy GAP insurance?
• When should I not file a claim?
• What if I owe more than I can insure my car for?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form.

Car insurance quotes from local neighborhood Tampa car insurance agents

A lot of people just prefer to sit down and talk to an agent and often times that is recommended A good thing about comparing car insurance online is you may find lower auto insurance rates but also keep your business local.

After filling out this simple form, your information is submitted to insurance agents in Tampa that give free quotes for your coverage. You won’t need to even leave your home as quotes are delivered directly to you. It’s the lowest rates and work with a local agent. If you need to get a price quote for a specific company, don’t hesitate to go to their quote page and fill out their quote form.

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

• What insurance companies do they work with in Tampa?
• Can you get a list of referrals?
• How much training do they have in personal risk management?
• Do they have a Better Business Bureau rating in Tampa?
• Are they actively involved in the community?

The difference between Tampa car insurance agents

When looking for a reliable insurance agent, it helps to know the two types of agencies from which to choose. Car insurance agents in Tampa can be classified as either independent or exclusive.

Exclusive Agents

Agents that elect to be exclusive have only one company to place business with like AAA, Allstate, and State Farm. They generally cannot provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are usually quite knowledgeable on what they offer which helps offset the inability to provide other markets. Some people will only use the same agent mainly due to the prominent brand name rather than low rates.

Below is a short list of exclusive insurance agents in Tampa who may provide you with comparison quotes.

• GEICO Insurance Agent
  2703 W Kennedy Blvd – Tampa, FL 33609 – (813) 259-1142 – View Map
• Mike Foley – State Farm Insurance Agent
  3704 W Swann Ave – Tampa, FL 33609 – (813) 289-7888 – View Map
• Joyce Coleman – State Farm Insurance Agent
  8221 Parkedge Dr – Tampa, FL 33637 – (813) 975-1866 – View Map

More insurance agents

Independent Car Insurance Agents

These agents are appointed with more than one company and that enables them to quote your coverage through lots of different companies and potentially find a lower price. If they find a lower price, the agent simply finds a different carrier and you don’t have to find a new agent. If you are comparing car insurance prices, you need to include at least one independent agent for maximum quote selection. Most also have access to lesser-known insurance companies which may provide better rates.

Listed below is a short list of independent insurance agencies in Tampa that are able to give comparison quotes.

• Carron Insurance Agency, Inc
  1010 W Cass St – Tampa, FL 33606 – (813) 926-0512 – View Map
• Italiano Insurance Services, Inc.
  3021 W Swann Ave – Tampa, FL 33609 – (813) 877-7799 – View Map
• Varcas Insurance Agency LLC
  1721 W Hillsborough Ave – Tampa, FL 33603 – (813) 319-1940 – View Map

More insurance agents

Car insurance coverage options for a Toyota Sequoia

Learning about specific coverages of your car insurance policy can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive coverage (or Other than Collision)

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like fire damage, damage from getting keyed, rock chips in glass, theft and a tree branch falling on your vehicle. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Insurance for medical payments

Med pay and PIP coverage provide coverage for short-term medical expenses like X-ray expenses, funeral costs and doctor visits. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Auto liability

Liability insurance can cover damage that occurs to other’s property or people by causing an accident. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 10/20/10 that translate to a $10,000 limit per person for injuries, a total of $20,000 of bodily injury coverage per accident, and property damage coverage for $10,000.

Liability insurance covers things like structural damage, medical services and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford. Florida state law requires minimum liability limits of 10/20/10 but you should consider buying better liability coverage.

The illustration below demonstrates why minimum state limits may not be adequate.

Coverage for collisions

Collision coverage pays for damage to your Sequoia resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like hitting a parking meter, sustaining damage from a pot hole, scraping a guard rail, colliding with a tree and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible on your Sequoia to bring the cost down.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and also any damage incurred to your Toyota Sequoia.

Since many Florida drivers carry very low liability coverage limits (10/20/10 in Florida), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Which auto insurance company is best in Tampa?

Ending up with the highest-rated company can be difficult considering how many different companies insure vehicles in Florida. The company information below could help you select which car insurance companies to look at purchasing coverage from.

Top 10 Tampa Car Insurance Companies Overall

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

You can lower your insurance rates

Low-cost Toyota Sequoia insurance in Tampa is available from both online companies and from local insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance companies may not offer price quotes online and many times these smaller providers work with local independent agents.

You just learned a lot of techniques to shop for Toyota Sequoia insurance online. It’s most important to understand that the more providers you compare, the better your chances of lowering your prices. Consumers could even find that the biggest savings come from a small mutual company.

As you go through the steps to switch your coverage, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced liability coverage limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase plenty of coverage at an affordable rate and still be able to protect your assets.

Steps to finding lower priced Toyota Sequoia insurance in Tampa

If you want to save the most money, the best way to find lower priced car insurance rates is to compare prices regularly from different companies who sell auto insurance in Tampa.

• First, get an understanding of how car insurance works and the measures you can control to prevent expensive coverage. Many policy risk factors that increase rates such as at-fault accidents, careless driving, and poor credit rating can be improved by making minor changes to your lifestyle.
• Second, obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like Progressive or State Farm, while agents who are independent can provide rate quotes from many different companies. Start a quote
• Third, compare the new rates to your existing policy to see if cheaper Sequoia coverage is available. If you find better rates and decide to switch, verify that coverage does not lapse between policies.
• Fourth, notify your company or agent of your intention to cancel the current policy. Submit a down payment along with a signed application to the new company. Once the paperwork is finalized, store the proof of insurance certificate above your visor, in the console, or in the glove compartment.

A good tip to remember is to make sure you enter similar deductibles and liability limits on every price quote and to quote with as many carriers as you can. Doing this ensures the most accurate price comparison and the most accurate and complete price analysis.

Other articles

• Safety Features for Your New Car (State Farm)
• Who Has Affordable Tampa Auto Insurance Rates for Teenagers? (FAQ)
• State Laws for Cellphones and Texting (iihs.org)
• Property Damage Coverage (Liberty Mutual)
• Your Car has been Stolen: Now What? (Allstate)