How to Save on Denver Toyota Sequoia Insurance

Searching for low-cost Toyota Sequoia insurance in Denver? High-priced auto insurance in Denver can draw down your personal savings and put the squeeze on your family’s finances. Doing a price comparison can help to reduce premiums and put more money in your pocket.

Unbelievable but true according to a study almost 70% of insureds have been with the same company for more than four years, and approximately 40% of consumers have never shopped around. The average driver in Colorado could save roughly 35% a year just by getting comparison quotes, but they just don’t understand how much savings they would realize if they switched. Due to the large number of companies and agents to choose from, it’s difficult to find the right insurance company.

Finding quotes for the lowest cost auto insurance in Denver is not that difficult. If you have a policy now or need a new policy, you can use this information to find the best rates without reducing protection. Vehicle owners just have to know the most efficient way to compare company rates online.

The companies shown below have been selected to offer price quotes in Denver, CO. If multiple companies are shown, it’s highly recommended you visit as many as you can to get a more complete price comparison.

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in Denver location which can change prices considerably.

Car insurance deductibles

When comparing car insurance rates, the most common question is the level to set your comp and collision deductibles. The rates shown below may help to illustrate the costs and benefits between high and low policy deductibles. The first rate quote example uses a $250 physical damage deductible and the second price grid uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rate information does not factor in your specific Denver location which can alter insurance rates substantially.

We can derive from the above data that using a $250 deductible will cost you roughly $29 more each month or $348 every year than requesting the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 26 months between claim filings, you would save money if you opt for a higher deductible.

Irresponsible driving raises your rates

The diagram below shows how speeding tickets and at-fault claims influence Toyota Sequoia insurance costs for different ages of insureds. The prices are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Gender-based car insurance rates by age in Denver

The illustration below shows the difference between Toyota Sequoia premium costs for male and female drivers. The prices are based on no tickets, no at-fault accidents, full physical damage coverage, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

Denver insurance discounts for a Toyota Sequoia

Some providers don’t necessarily list the complete list of policy discounts very well, so the below list has some of the more common and also the more inconspicuous credits that you can use to lower your rates.

• Multi-car Discount – Drivers who insure all your vehicles on the same auto insurance policy could earn a price break for each car.
• Seat Belt Discounts – Forcing all vehicle occupants to buckle up before driving could save 15% off the personal injury premium cost.
• Anti-theft System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and that can save you a little bit as well.
• Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts of up to 25% or more.
• Discount for Life Insurance – Select insurance carriers reward you with a discount if you purchase life insurance from them.
• Multi-policy Discount – If you can combine your auto and homeowners policy and place coverage with the same company you may save at least 10% off all policies.
• 55 and Retired – If you’re over the age of 55, you can possibly qualify for better auto insurance rates.

You can save money using discounts, but some of the credits will not apply to the entire cost. Some only apply to individual premiums such as medical payments or collision. Despite the fact that it seems like all the discounts add up to a free policy, it just doesn’t work that way.

To see a list of insurance companies that offer the discounts shown above in Denver, click this link.

Best reasons to buy car insurance in Colorado

Despite the fact that car insurance is not cheap in Denver, paying for car insurance serves an important purpose.

• Just about all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to drive the car legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you bought your vehicle with a loan, most lenders will force you to buy full coverage to guarantee payment of the loan. If you default on your policy, the lender may insure your Toyota for a much higher rate and make you pay a much higher amount than you were paying before.
• Insurance safeguards both your Toyota Sequoia and your assets. It will also cover most medical and hospital costs for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If your car is damaged in a storm or accident, your policy will pay to have it repaired.

The benefits of buying enough insurance more than cancel out the cost, especially when you need to use it. An average driver in America overpays as much as $700 annually so compare quotes from several companies at every policy renewal to be sure current rates are still competitive.

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

A lot of people still like to get professional advice from a licensed agent and that is recommended in a lot of cases Good agents are very good at helping people manage risk and help you file claims. One of the benefits of getting free rate quotes online is that drivers can save money and get the best rates and still buy from a local agent. Buying insurance from local agents is important particularly in Denver.

After filling out this simple form, the coverage information is immediately sent to local insurance agents that give free quotes for your business. It’s much easier because you don’t need to search for an agent since price quotes are sent directly to your email. If you wish to get a comparison quote for a specific company, just find their quoting web page and submit a quote form there.

Exclusive agents vs. Independent agents

If you are searching for a good insurance agency, it helps to know the two different agency structures and how they are slightly different. Agents can be categorized as either independent or exclusive depending on the company they work for. Both sell affordable insurance policies, but it is important to understand the difference in how they write coverage because it can impact your selection of an agent.

Independent Agents

Independent agents are not required to write business for one company and that is an advantage because they can write policies with multiple insurance companies depending on which coverage is best. If you want to switch companies, they simply move your policy to a different company and you don’t have to switch agencies.

When comparing rate quotes, it’s a good idea to check rates from a few independent agents to have the most options to choose from.

The following is a list of independent insurance agents in Denver who can help you get free price quotes.

View more Denver agents

Exclusive Insurance Agencies

Agents of this type are contracted to one company and some examples include American Family, State Farm, and AAA. These agents are not able to place coverage with different providers so they really need to provide good service. Exclusive insurance agents are trained well on their company’s products and that can be a competitive advantage.

Listed below are Denver exclusive agencies that are able to give price quote information.

View more Denver agents

Deciding on a insurance agent requires more thought than just a cheap quote. These are some valid questions you should ask.

• Will you work with the agent or an assistant?
• Will they make sure you get an adequate claim settlement?
• Is there a local claims center in Denver?
• Are aftermarket or OEM parts used to repair vehicles?
• Does the agent recommend any additional coverage?
• Does the agent have professional designations like CIC, CPCU or AIC?
• Did they already check your driving record and credit reports?

If you feel you receive reasonable responses as well as an affordable premium quote, you may have found an auto insurance agent that is professional and can insure your vehicles. Just be aware that you are entitled to cancel a policy whenever you choose to so never assume that you are permanently stuck with any specific company for the full policy term.