Everyone knows that auto insurance companies want to keep your business as long as possible. People who compare rates at least once a year will most likely buy a different policy because there is a great chance of finding a lower-priced policy. A recent survey found that drivers who routinely compared quotes saved about $3,450 over four years compared to other drivers who didn’t regularly shop around.
If finding the best price on insurance in Oklahoma City is why you’re here, learning how to shop for auto insurance can make it easier to shop your coverage around.
If your goal is the lowest price, then the best way to get the cheapest car insurance rates is to begin comparing prices regularly from companies in Oklahoma City.
- Step 1: It will benefit you to learn about policy coverages and the measures you can control to keep rates in check. Many factors that cause high rates like at-fault accidents, speeding tickets, and poor credit history can be rectified by making minor driving habit or lifestyle changes.
- Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like Progressive or Allstate, while agents who are independent can provide prices for many different companies.
- Step 3: Compare the new rates to the price on your current policy to see if you can save by switching companies. If you find a better price and change companies, ensure there is no coverage lapse between policies.
One key aspect when comparing rates is to make sure you’re comparing the same liability limits and deductibles on each quote and and to look at as many companies as feasibly possible. Doing this guarantees a fair rate comparison and the best rate selection.
If you are insured now, you should be able to get lower rates using this information. Locating the best rates in Oklahoma City is actually quite simple. But Oklahoma car owners must learn the methods companies use to price insurance differently.
Compare Oklahoma City Toyota Sequoia insurance quotes online
When looking for the cheapest Toyota Sequoia rate quotes, there are a couple ways of comparing price quotes from different companies. The best method to find affordable Toyota Sequoia insurance rates is to get quotes online.
Doing price comparisons online is so simple that it takes the place of having to drive around to insurance agencies in your area. Comparing Toyota Sequoia insurance rate quotes online makes this process obsolete unless you’re the type of person who wants the trained guidance that only an agent can give. Drivers can obtain prices from the web and have a local agent actually service the policy. Just keep in mind that getting more free quotes increases your odds of finding a lower rate than you’re paying now.
The auto insurance companies shown below have been selected to offer comparison quotes in Oklahoma City, OK. If several companies are displayed, it’s highly recommended you compare several of them to get a more complete price comparison.
Save money by taking advantage of these eight discounts
Some insurance providers do not list all discounts very clearly, so the following list contains a few of the more common in addition to some of the lesser obvious ways to save on insurance.
- Theft Prevention Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen and therefore earn up to a 10% discount.
- Discount for New Cars – Insuring a vehicle that is new may earn a small discount compared to insuring an older model.
- Early Signing – Some insurance companies provide a discount for buying a policy prior to your current Sequoia insurance policy expiring. It could save around 10% when you buy Oklahoma City car insurance online.
- Multiple Cars – Buying coverage for primary and secondary vehicles with one company could earn a price break for each car.
- Use Seat Belts – Requiring all passengers to wear their seat belts could cut 10% or more off PIP or medical payments premium.
- Defensive Driving Course – Participating in a driver safety course may get you a small discount depending on where you live.
- Resident Student – College-age children who attend college more than 100 miles from Oklahoma City and do not take a car to college can be insured at a reduced rate.
- 55 and Retired – Mature drivers are able to get a discount up to 10%.
While discounts sound great, it’s important to understand that most credits do not apply to the whole policy. Some only apply to individual premiums such as comp or med pay. So despite the fact that it appears it’s possible to get free car insurance, you aren’t that lucky.
The chart below shows the difference between Toyota Sequoia auto insurance rates with and without policy discounts. The premium estimates are based on a male driver, no accidents or driving violations, Oklahoma state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, claim-free, homeowner, safe-driver, and multi-car discounts applied.
To see companies offering insurance discounts in Oklahoma City, click here to view.
Analysis of coverages
The information displayed below outlines a range of insurance prices for Toyota Sequoia models. Knowing how insurance prices are figured can help drivers make decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sequoia SR/5 2WD||$380||$572||$458||$28||$136||$1,574||$131|
|Sequoia SR/5 4WD||$380||$674||$458||$28||$136||$1,676||$140|
|Sequoia Limited 2WD||$422||$674||$458||$28||$136||$1,718||$143|
|Sequoia Limited 4WD||$422||$674||$458||$28||$136||$1,718||$143|
|Sequoia Platinum 2WD||$422||$776||$458||$28||$136||$1,820||$152|
|Sequoia Platinum 4WD||$422||$776||$458||$28||$136||$1,820||$152|
|Get Your Own Custom Quote Go|
Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific location which can alter coverage prices noticeably.
Responsible drivers pay cheaper insurance rates
The chart below highlights how traffic violations and at-fault accidents can increase Toyota Sequoia annual premium costs for each different age group. The costs are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.
Price comparison of only insuring for liability
The example below visualizes the comparison of Toyota Sequoia auto insurance costs with and without physical damage coverage. The costs are based on no driving violations, no at-fault accidents, $100 deductibles, single status, and no discounts are taken into consideration.
When to drop full coverage
There is no set rule to eliminate physical damage insurance, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s assume your Toyota Sequoia replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $5,000 after the deductible is paid. If you are paying over $500 annually to have full coverage, then you might consider buying liability only.
There are a few situations where removing full coverage is not a good idea. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.
What if I want to buy from local Oklahoma City insurance agencies?
Some consumers still like to go talk to an agent and that can be a great decision One of the benefits of comparing rates online is the fact that you can find lower rates and still have a local agent.
To make it easy to find an agent, after completing this form (opens in new window), your coverage information is emailed to insurance agents in Oklahoma City who will return price quotes for your business. There is no reason to find an agent on your own as quotes are delivered instantly to you. It’s the lowest rates and a licensed agent to talk to. If you want to compare prices from a specific insurance company, you would need to go to their quote page to submit a rate quote request.
Finding a good insurer requires you to look at more than just a cheap price. Any agent in Oklahoma City should have no problem answering these questions:
- Are there any extra charges for paying monthly?
- Will their companies depreciate repairs to your car based on the mileage?
- How are claims handled?
- Which members of your family are coverage by the policy?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
Below is a short list of auto insurance companies in Oklahoma City willing to provide comparison quotes for Toyota Sequoia insurance in Oklahoma City.
Why do I need car insurance?
Even though Oklahoma City Sequoia insurance rates can get expensive, paying for insurance is required in Oklahoma but also provides important benefits.
First, almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage if you don’t want to risk a ticket. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your Toyota Sequoia has a lienholder, it’s most likely the lender will force you to buy full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the lender may have to buy a policy to insure your Toyota at a much higher premium rate and require you to reimburse them the higher price.
Third, insurance protects both your assets and your vehicle. It will also pay for all forms of medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you cause an accident and are sued. If mother nature or an accident damages your car, your insurance policy will pay to repair the damage.
The benefits of carrying enough insurance outweigh the cost, particularly for liability claims. But the average American driver overpays more than $810 a year so it’s very important to do a rate comparison every year to ensure rates are competitive.
Car insurance coverage breakdown
Understanding the coverages of your car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on the average car insurance policy.
Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for doctor visits, rehabilitation expenses, pain medications and surgery. They are used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
Uninsured and underinsured coverage – This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your Toyota Sequoia.
Because many people only purchase the least amount of liability that is required (25/50/25 in Oklahoma), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.
Comprehensive coverages – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers things such as damage from flooding, damage from getting keyed and falling objects. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Collision coverage – This covers damage to your Sequoia from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for things like colliding with another moving vehicle, damaging your car on a curb, sideswiping another vehicle, scraping a guard rail and rolling your car. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible on your Sequoia to bring the cost down.
Liability auto insurance – Liability coverage provides protection from damage that occurs to other people or property in an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000.
Liability insurance covers claims such as repair bills for other people’s vehicles, loss of income, emergency aid, legal defense fees and repair costs for stationary objects. How much coverage you buy is your choice, but consider buying as large an amount as possible. Oklahoma requires minimum liability limits of 25/50/25 but drivers should carry more coverage.
The chart below shows why low liability limits may not be enough.
Oklahoma auto insurance company ratings
Ending up with the top auto insurance company can be a challenge considering how many different insurance companies sell coverage in Oklahoma. The company ratings listed below may help you pick which car insurance providers to look at comparing rate quotes with.
Top 10 Oklahoma City Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Don’t give up on affordable rates
Some companies do not offer price quotes online and these regional carriers prefer to sell through independent agencies. Cost effective Toyota Sequoia insurance is possible from both online companies as well as from independent agents in Oklahoma City, and you should compare rates from both to have the best chance of lowering rates.
Throughout this article, we presented many ways to save on Toyota Sequoia insurance in Oklahoma City. The key concept to understand is the more rate comparisons you have, the higher your chance of finding cheaper Oklahoma City car insurance quotes. Drivers may even discover the most savings is with a smaller regional carrier. These companies can often insure niche markets at a lower cost compared to the large companies like Allstate and Progressive.
To learn more, feel free to visit the articles below:
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- What Insurance is Cheapest for College Students in Oklahoma City? (FAQ)
- What is the Best Car Insurance in Oklahoma? (FAQ)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Tread Depth and Tire Safety (State Farm)
- Understanding Your Insurance Deductible (Insurance Information Institute)