- Toyota Sequoia car insurance costs $2,376 per year for a full coverage policy, depending on the trim level.
- The cheapest Sequoia model to insure is the SR5 2WD trim level at an estimated $2,234 per year.
- The Sequoia Capstone 4WD is the most expensive to insure at $2,470 per year.
- When compared to other large SUVs, the Toyota Sequoia is one of the more expensive large SUVs to insure, costing $280 more per year on average.
- Toyota Sequoia insurance rates in a few larger cities include $3,126 in Oakland, CA, $2,250 in Tucson, AZ, and $2,896 in Long Beach, CA.
How much are Toyota Sequoia car insurance rates?
Toyota Sequoia car insurance costs an average of $2,376 yearly, which is equal to $198 a month. When a policy is broken down into individual coverages, collision insurance costs around $1,036 a year, comprehensive (or other-than-collision) coverage is an estimated $572, and the remaining liability and medical payments insurance costs approximately $768.
The chart below details how average 2024 Toyota Sequoia insurance cost changes depending on the age of the driver and policy deductibles.
In order to help you grasp how variable car insurance rates are for a Sequoia, keep in mind that a Sequoia insurance policy with only liability coverage in the most affordable parts of Illinois or Ohio can be as low as $234 a year, while a 16-year-old male driver with a couple of driving violations in some urban areas in California could have to pay as much as $17,846 a year for a full coverage policy.
Is Platinum, TRD Pro or Capstone more expensive to insure?
The cheapest trim level of Toyota Sequoia to insure is the SR5 2WD at an estimated $2,234 per year, with the next cheapest trim being the SR5 4WD at $2,280 per year. The most expensive trim level of Toyota Sequoia to insure is the Capstone 4WD at $2,470 per year, a difference of $236 per year over the cheapest model.
More than not, as options and additional packages increase a vehicle’s price, the cost of insurance coverage will increase as well. The rate table below displays average car insurance rates for annual and semi-annual policy terms, including a monthly amount for budgeting, for each Toyota Sequoia model package and trim level.
| 2024 Toyota Sequoia Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| SR5 2WD | $2,234 | $186 |
| SR5 4WD | $2,280 | $190 |
| Limited 2WD | $2,326 | $194 |
| Limited 4WD | $2,362 | $197 |
| Platinum 2WD | $2,402 | $200 |
| Platinum 4WD | $2,428 | $202 |
| Capstone 2WD | $2,442 | $204 |
| TRD Pro 4WD | $2,452 | $204 |
| Capstone 4WD | $2,470 | $206 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated February 23, 2024
How does Toyota Sequoia car insurance cost rank?
The 2024 Toyota Sequoia ranks ninth out of nine total comparison vehicles in the large SUV category. The Sequoia costs an average of $2,376 per year for insurance, while the class median average cost is $2,096 per year, a difference of $280 per year.
When rates are compared to other large SUVs, insurance for a Toyota Sequoia costs $594 more per year than the Chevrolet Tahoe, $332 more than the Ford Expedition, $334 more than the GMC Yukon, and $494 more than the Chevrolet Suburban.
The chart below illustrates the average cost of insurance for all large SUVs (excluding large luxury SUVs).
When average cost for each model in the large SUV segment is factored in, we can compare average car insurance cost between the Sequoia and the most similarly-priced full-size SUV models.
With an average MSRP of $72,186, the cost to purchase a 2024 Toyota Sequoia ranges from $60,875 to $80,865, before destination and documentation fees.
The full-size SUVs closest in cost to the Toyota Sequoia for the 2024 model year are the Ford Expedition, GMC Yukon, Chevrolet Suburban, and Jeep Wagoneer. The list below shows how those models compare to the Toyota Sequoia for MSRP and average cost of insurance.
- Compared to the Ford Expedition – With an average MSRP of $72,840 ($55,525 to $89,235), the 2024 Ford Expedition costs $654 more than the average sticker price for the Toyota Sequoia. Insuring a 2024 Sequoia compared to the Ford Expedition costs an average of $332 more each year.
- Compared to the GMC Yukon – The average MSRP for a 2024 Toyota Sequoia is $1,693 cheaper than the GMC Yukon, at $72,186 compared to $73,879. The average insurance cost for a Toyota Sequoia compared to the GMC Yukon is $334 more each year.
- Compared to the Chevrolet Suburban – The 2024 Toyota Sequoia has an average MSRP that is $2,418 more expensive than the Chevrolet Suburban ($72,186 versus $69,768). The average insurance cost for the Sequoia compared to the Chevrolet Suburban is $494 more annually.
- Compared to the Jeep Wagoneer – Having an average purchase price of $75,203 and ranging from $61,595 to $100,000, the 2024 Jeep Wagoneer costs $3,017 more than the average cost of the Toyota Sequoia. Insuring the Sequoia compared to the Jeep Wagoneer costs an average of $16 more every 12 months.
Insurance rates by U.S. city and state
Depending upon where you live, car insurance rates on a Toyota Sequoia varies widely from lower rates like $1,574 a year in Raleigh, NC, or $1,670 in Virginia Beach, VA, to higher rates like $3,610 a year in Las Vegas, NV, and $4,052 in New York City.
Some examples of other rates include Atlanta, GA, averaging $2,736 per year, Seattle, WA, at an estimated $2,426, Indianapolis, IN, costing $1,966, and Portland, OR, at $2,572.
The next chart visualizes average Toyota Sequoia car insurance rates in thirty of the larger metro areas in America.
From an overall state perspective, states like Idaho ($1,762) and Maine ($1,520) have lower insurance rates for a Toyota Sequoia, while states like Nevada ($2,816), Michigan ($3,116), and Louisiana ($2,762) tend to be higher.
The majority of states fall closer to the average, with states like Mississippi, Kansas, and Arizona included in this group with average Toyota Sequoia insurance rates of $2,336, $2,356, and $2,208 per year, respectively.
| U.S. State | Annual Premium | Cost Per Month |
|---|---|---|
| Alabama | $2,168 | $181 |
| Alaska | $1,860 | $155 |
| Arizona | $2,208 | $184 |
| Arkansas | $2,490 | $208 |
| California | $2,846 | $237 |
| Colorado | $2,548 | $212 |
| Connecticut | $2,638 | $220 |
| Delaware | $2,688 | $224 |
| Florida | $2,882 | $240 |
| Georgia | $2,436 | $203 |
| Hawaii | $1,696 | $141 |
| Idaho | $1,762 | $147 |
| Illinois | $2,120 | $177 |
| Indiana | $1,838 | $153 |
| Iowa | $1,668 | $139 |
| Kansas | $2,356 | $196 |
| Kentucky | $2,544 | $212 |
| Louisiana | $2,762 | $230 |
| Maine | $1,520 | $127 |
| Maryland | $2,232 | $186 |
| Massachusetts | $2,584 | $215 |
| Michigan | $3,116 | $260 |
| Minnesota | $2,080 | $173 |
| Mississippi | $2,336 | $195 |
| Missouri | $2,670 | $223 |
| Montana | $2,210 | $184 |
| Nebraska | $2,030 | $169 |
| Nevada | $2,816 | $235 |
| New Hampshire | $1,670 | $139 |
| New Jersey | $2,850 | $238 |
| New Mexico | $2,000 | $167 |
| New York | $2,734 | $228 |
| North Carolina | $1,572 | $131 |
| North Dakota | $2,016 | $168 |
| Ohio | $1,726 | $144 |
| Oklahoma | $2,614 | $218 |
| Oregon | $2,244 | $187 |
| Pennsylvania | $2,302 | $192 |
| Rhode Island | $2,910 | $243 |
| South Carolina | $2,034 | $170 |
| South Dakota | $2,448 | $204 |
| Tennessee | $2,282 | $190 |
| Texas | $2,232 | $186 |
| Utah | $2,116 | $176 |
| Vermont | $1,794 | $150 |
| Virginia | $1,658 | $138 |
| Washington | $2,174 | $181 |
| West Virginia | $2,152 | $179 |
| Wisconsin | $1,766 | $147 |
| Wyoming | $2,142 | $179 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated February 23, 2024
Additional facts and figures
- Lower policy cost by raising deductibles. Raising deductibles from $500 to $1,000 could save around $364 per year for a 40-year-old driver and $710 per year for a 20-year-old driver.
- The lower deductible you choose, the higher the policy cost. Lowering your policy deductibles from $500 to $250 could cost an additional $382 per year for a 40-year-old driver and $754 per year for a 20-year-old driver.
- Get cheaper rates because of your occupation. The vast majority of car insurance companies offer policy discounts for occupations like emergency medical technicians, engineers, police officers and law enforcement, accountants, scientists, and other occupations. If you can qualify for this discount, you may save between $71 and $185 on your insurance premium, depending on the policy coverages.
- Policyholder gender affects insurance cost. For a 2024 Toyota Sequoia, a 20-year-old male will pay an estimated rate of $4,784 per year, while a 20-year-old woman will get a rate of $3,438, a difference of $1,346 per year. The females get the cheaper rate by far. But by age 50, male driver rates are $2,110 and the cost for a female driver is $2,052, a difference of only $58.
- Policy discounts equal cheaper Sequoia car insurance rates. Discounts may be available if the policyholders are claim-free, choose electronic billing, insure multiple vehicles on the same policy, work in certain occupations, drive a vehicle with safety or anti-theft features, or many other policy discounts which could save the average driver as much as $408 per year on the cost of insuring a Sequoia.
- As you get older, rates tend to drop. The difference in Toyota Sequoia auto insurance rates between a 50-year-old driver ($2,110 per year) and a 30-year-old driver ($2,532 per year) is $422, or a savings of 18.2%.
- Improve your credit rating to save on insurance. In states that allow credit data to be used as a rate factor, drivers who have credit scores over 800 could see savings as much as $373 per year over a credit rating of 670-739. Conversely, a diminished credit rating could cost around $432 more per year.