Do you get frustrated by the wide range of insurance companies in your area? Many other drivers are too. Vehicle owners have so many options that it can easily become a burden to find a more affordable company. If you live there, you know that Phoenix is a great city to live in, but budgeting for expensive insurance can make it nearly impossible for many drivers to be able to afford adequate insurance coverage limits.
Shockingly, most consumers kept their policy with the same company for at least four years, and roughly 40% of drivers have never quoted insurance rates at all. Arizona drivers could cut their rates by $733 a year, but they don’t believe the amount of savings they would get if they switched.
Check for these nine price cutting discounts
Auto insurance is neither fun to buy or cheap, but you may qualify for discounts that you may not know about. Many discounts should be triggered at the time of quoting, but less common discounts must be asked for before being credited.
- Air Bag Discount – Vehicles with factory air bags or motorized seat belts can get savings of 20 to 30 percent.
- Active Service Discounts – Being on active deployment in the military may qualify for rate reductions.
- Discounts for Federal Employees – Having worked for a branch of the government may reduce rates when you quote Phoenix auto insurance with a few auto insurance companies.
- Paperless Signup – Some of the larger companies give back up to $50 get Phoenix auto insurance on your computer.
- Theft Prevention Discount – Anti-theft and alarm system equipped vehicles are stolen less frequently and therefore earn up to a 10% discount.
- Membership in Organizations – Having an affiliation with certain professional organizations could qualify you for a break on your next auto insurance statement.
- No Charge for an Accident – Not a discount per se, but a few companies such as Allstate and Progressive will let one accident slide without the usual rate increase if you have no claims for a specific time period.
- Onboard Data Collection – Insureds that choose to allow driving data submission to spy on driving manner by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease as long as the data is positive.
- Early Renewal Discounts – Select auto insurance companies give a discount for buying a policy early. This can save 10% or more.
Keep in mind that some of the credits will not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, you won’t be that lucky. But any discount should help reduce your overall premium however.
If you would like to see a list of auto insurance companies who offer cheap Toyota Sequoia insurance quotes in Phoenix in Phoenix, click here to view.
How to find affordable Toyota Sequoia insurance in Phoenix
Most larger insurance companies make it easy to get coverage price quotes on the web. Comparing prices online for Toyota Sequoia insurance in Phoenix can be done by anyone as you simply type in your coverage information as detailed in the form. Once you submit the form, their quoting system sends out for your driving record and credit report and gives you a price quote based on these factors.
Using the web to get quotes for Toyota Sequoia insurance in Phoenix helps simplify price comparisons, and it is important to perform this step if you are searching for cheaper prices.
If you want to compare rates using this form now, visit the companies below or click here to submit a quote request to multiple companies at once. If you have a policy now, it’s recommended that you enter the limits and deductibles as close as possible to your current policy. This ensures you will have a fair comparison for similar coverage.
The companies shown below are our best choices to provide price comparisons in Arizona. If multiple companies are listed, we suggest you compare several of them in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sequoia SR/5 2WD||$250||$456||$314||$18||$94||$1,132||$94|
|Sequoia SR/5 4WD||$124||$240||$282||$16||$84||$746||$62|
|Sequoia Limited 2WD||$278||$538||$314||$18||$94||$1,242||$104|
|Sequoia Limited 4WD||$324||$566||$404||$24||$122||$1,440||$120|
|Sequoia Platinum 2WD||$318||$726||$362||$22||$108||$1,536||$128|
|Sequoia Platinum 4WD||$182||$354||$282||$16||$84||$918||$77|
|Get Your Own Custom Quote Go|
Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in specific garaging location which can impact premium rates significantly.
Full coverage rates compared to liability-only
The diagram below shows the comparison of Toyota Sequoia car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. Data assumes a clean driving record, no at-fault accidents, $250 deductibles, married female driver, and no additional discounts are factored in.
Are you wasting money on full coverage?
There is no clear-cut rule for dropping physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.
For example, let’s assume your Toyota Sequoia claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after paying the physical damage deductible. If you are paying over $700 a year for physical damage coverage, then it might be time to buy liability only.
There are a few cases where eliminating full coverage is not a good plan. If you haven’t paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
What if I want to buy from local Phoenix insurance agencies?
Many drivers just prefer to sit down with an agent and that can be a smart move A good thing about comparing insurance prices online is the fact that drivers can get cheaper car insurance rates and still have a local agent. And buying from small agencies is important particularly in Phoenix.
To help locate an agent, after submitting this simple form, your information is sent to participating agents in Phoenix who will return price quotes to get your business. It makes it easy because there is no need to contact an agency because quoted prices will be sent immediately to you. Get lower rates without a big time investment. If you have a need to compare prices from one company in particular, you just need to search and find their rate quote page and fill out their quote form.
The different types of auto insurance agents
If you need to find a good insurance agency, it’s helpful to know the different agency structures and how they can write your policy. Auto insurance agents in Phoenix are either independent or exclusive depending on the company they work for.
Independent Auto Insurance Agencies or Brokers
Agents of this type do not sell for just one brand and that enables them to quote your coverage with any number of different companies and find the cheapest auto insurance rates. If premiums increase, your policy is moved internally which requires no work on your part.
When shopping rates, we recommend you get insurance quotes from a few independent agents in order to have the best price comparison. Many write coverage with smaller companies which can save you money.
Shown below is a small list of independent agents in Phoenix that can give you free auto insurance quotes.
- Rodriguez Insurance
5720 N 27th Ave – Phoenix, AZ 85017 – (602) 242-5303 – View Map
- Farmer-Leavitt Insurance Agency
919 N 1st St – Phoenix, AZ 85004 – (602) 264-0566 – View Map
- Independent Insurance Agents
333 E Flower St – Phoenix, AZ 85012 – (602) 956-1851 – View Map
Exclusive Auto Insurance Agents
Agents that elect to be exclusive generally can only insure with one company like State Farm, Allstate, and Farm Bureau. Exclusive agents are unable to shop your coverage around so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are well schooled on their products and sales techniques and that enables them to sell even at higher rates. Some consumers prefer to buy from exclusive agents mainly due to loyalty to the company and strong financial ratings.
Below are Phoenix exclusive agencies that can give you rate quotes.
- Eric Hamilton – State Farm Insurance Agent
10265 W Camelback Rd #120 – Phoenix, AZ 85037 – (623) 848-3048 – View Map
- Arly Sanchez – State Farm Insurance Agent
1625 N 51st Ave Ste 103 – Phoenix, AZ 85035 – (602) 455-2886 – View Map
- Llyrena Sherwood – State Farm Insurance Agent
3415 W Glendale Ave #7 – Phoenix, AZ 85051 – (602) 368-9102 – View Map
Deciding on a insurance agency requires more thought than just a cheap price quote. These are some questions your agent should answer.
- Are you getting all the discounts the company offers?
- Can you contact them at any time?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Do the coverages you’re quoting properly cover your vehicle?
- Which companies do they recommend if they are an independent agency?
- How does the company pay claims for a total loss?
Car insurance in Arizona serves several purposes
Despite the fact that car insurance is not cheap in Phoenix, car insurance is required in Arizona but it also protects you in many ways.
First, just about all states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability insurance in order to drive the car legally. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you bought your vehicle with a loan, most banks will stipulate that you buy full coverage to guarantee their interest in the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Toyota for a lot more money and force you to pay the higher premium.
Third, insurance protects not only your car but also your financial assets. It will also provide coverage for medical expenses that are the result of an accident. Liability coverage also covers all legal expenses up to the policy limit in the event you are sued. If your Toyota gets damaged, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of buying car insurance definitely exceed the cost, particularly when you have a large claim. Despite what companies tell you, the average driver is currently overpaying as much as $810 a year so you should quote your policy with other companies at least once a year to ensure rates are competitive.
Insurance coverage basics
Knowing the specifics of your insurance policy can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy.
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like rock chips in glass, hitting a deer and a tree branch falling on your vehicle. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Coverage for liability
This provides protection from damage or injury you incur to other people or property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 15/30/10 which stand for $15,000 bodily injury coverage, a per accident bodily injury limit of $30,000, and $10,000 of coverage for damaged property. Occasionally you may see a combined limit which limits claims to one amount with no separate limits for injury or property damage.
Liability can pay for things like medical services, medical expenses, attorney fees and emergency aid. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible. Arizona requires minimum liability limits of 15/30/10 but drivers should carry more liability than the minimum.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.
Since many Arizona drivers carry very low liability coverage limits (which is 15/30/10), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these limits are set the same as your liability limits.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage pay for expenses for hospital visits, dental work, pain medications, rehabilitation expenses and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
Collision insurance pays to fix your vehicle from damage from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as rolling your car, hitting a mailbox and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. You can also increase the deductible on your Sequoia to get cheaper collision coverage.
Cheap auto insurance is out there
Lower-priced Toyota Sequoia insurance in Phoenix is definitely available both online in addition to many Phoenix insurance agents, so you need to quote Phoenix auto insurance with both in order to have the best chance of saving money. A few companies may not offer the ability to get a quote online and most of the time these small, regional companies prefer to sell through independent insurance agents.
When buying insurance coverage, do not reduce needed coverages to save money. There have been many situations where an insured cut liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. The goal is to purchase a proper amount of coverage at an affordable rate, but do not sacrifice coverage to save money.
Drivers leave their current company for a variety of reasons including extreme rates for teen drivers, questionable increases in premium, not issuing a premium refund or even high prices. It doesn’t matter why you want to switch finding a great new company is not as difficult as it may seem.
More tips and info about auto insurance is located in the articles below:
- Rollover Crash FAQ (iihs.org)
- Who Has Cheap Auto Insurance for a Toyota Tacoma in Phoenix? (FAQ)
- How Much is Car Insurance for Uninsured Drivers in Phoenix? (FAQ)
- Who Has Cheap Phoenix Car Insurance Rates for a Honda Accord? (FAQ)
- What Auto Insurance is Cheapest for Welfare Recipients in Phoenix? (FAQ)
- Where can I buy Insurance? (Insurance Information Institute)
- Car Insurance: When not to Skimp (BankRate.com)