Toyota Sequoia Car Insurance Rates for 2023

• Toyota Sequoia car insurance costs $1,826 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 $1,706 per year.
• The Sequoia TRD Pro 4WD is the most expensive to insure at $1,892 per year.
• When compared to other large SUVs, the Toyota Sequoia is one of the cheaper large SUVs to insure, costing $104 less per year on average.
• Toyota Sequoia insurance rates in a few larger cities include $2,440 in Oakland, CA, $1,710 in Tucson, AZ, and $2,250 in Long Beach, CA.

How much are Toyota Sequoia car insurance rates?

Toyota Sequoia car insurance costs an average of $1,826 yearly, which is equal to $152 a month. When a policy is broken down into individual coverages, collision insurance costs around $874 a year, comprehensive (or other-than-collision) coverage is an estimated $468, and the remaining liability and medical payments insurance costs approximately $484.

The chart below details how average 2023 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 $13,560 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 $1,706 per year, with the next cheapest trim being the SR5 4WD at $1,746 per year. The most expensive trim level of Toyota Sequoia to insure is the TRD Pro 4WD at $1,892 per year, a difference of $186 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.

How does Toyota Sequoia car insurance cost rank?

The 2023 Toyota Sequoia ranks fourth out of nine total comparison vehicles in the large SUV category. The Sequoia costs an average of $1,826 per year for insurance, while the class median average cost is $1,930 per year, a difference of $104 per year.

When rates are compared to other large SUVs, insurance for a Toyota Sequoia costs $172 more per year than the Chevrolet Tahoe, $10 more than the Ford Expedition, $68 less than the GMC Yukon, and $76 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 $69,267, the cost to purchase a 2023 Toyota Sequoia ranges from $58,300 to $76,000, before destination and documentation fees.

The full-size SUVs closest in cost to the Toyota Sequoia for the 2023 model year are the Chevrolet Suburban, Jeep Wagoneer, Chevrolet Tahoe, and Ford Expedition. The list below shows how those models compare to the Toyota Sequoia for MSRP and average cost of insurance.

• Compared to the Chevrolet Suburban – With an average MSRP of $69,000 ($58,795 to $77,445), the 2023 Chevrolet Suburban costs $267 less than the average sticker price for the Toyota Sequoia. Insuring a 2023 Sequoia compared to the Chevrolet Suburban costs an average of $76 more each year.
• Compared to the Jeep Wagoneer – The average MSRP for a 2023 Toyota Sequoia is $1,096 more expensive than the Jeep Wagoneer, at $69,267 compared to $68,171. The average insurance cost for a Toyota Sequoia compared to the Jeep Wagoneer is $246 less each year.
• Compared to the Chevrolet Tahoe – The 2023 Toyota Sequoia has an average MSRP that is $2,581 more expensive than the Chevrolet Tahoe ($69,267 versus $66,686). The average insurance cost for the Sequoia compared to the Chevrolet Tahoe is $172 more annually.
• Compared to the Ford Expedition – Having an average purchase price of $72,043 and ranging from $55,125 to $85,615, the 2023 Ford Expedition costs $2,776 more than the average cost of the Toyota Sequoia. Insuring the Sequoia compared to the Ford Expedition costs an average of $10 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 $1,140 a year in Raleigh, NC, or $1,222 in Virginia Beach, VA, to higher rates like $2,848 a year in Las Vegas, NV, and $3,216 in New York City.

Some examples of other rates include Atlanta, GA, averaging $2,116 per year, Seattle, WA, at an estimated $1,856, Indianapolis, IN, costing $1,470, and Portland, OR, at $1,978.

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 ($1,302) and Maine ($1,100) have lower insurance rates for a Toyota Sequoia, while states like Nevada ($2,182), Michigan ($2,494), and Louisiana ($2,170) 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 $1,780, $1,798, and $1,672 per year, respectively.

Additional facts and figures

• Lower policy cost by raising deductibles. Raising deductibles from $500 to $1,000 could save around $304 per year for a 40-year-old driver and $596 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 $318 per year for a 40-year-old driver and $628 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 $55 and $178 on your insurance premium, depending on the policy coverages.
• Policyholder gender affects insurance cost. For a 2023 Toyota Sequoia, a 20-year-old male will pay an estimated rate of $3,626 per year, while a 20-year-old woman will get a rate of $2,682, a difference of $944 per year. The females get the cheaper rate by far. But by age 50, male driver rates are $1,664 and the cost for a female driver is $1,628, a difference of only $36.
• 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 $308 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 ($1,664 per year) and a 30-year-old driver ($1,934 per year) is $270, or a savings of 15%.
• 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 $287 per year over a credit rating of 670-739. Conversely, a diminished credit rating could cost around $332 more per year.