Toyota Matrix Insurance Rates

Estimated insurance rates for a Toyota Matrix are $868 a year for full coverage. Comprehensive costs an estimated $116 a year, collision costs $152, and liability costs around $442. A policy with only liability insurance costs as low as $496 a year, with a high-risk policy costing around $1,868. Teens pay the most at $3,614 a year or more.

Average premium for full coverage: $868

Premium estimates broken down by type of coverage:

These estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all states and Matrix trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live can have significant affects on insurance rates. More rural locations are statistically proven to have a lower frequency of accident claims than cities with more traffic congestion.

The diagram below illustrates how rural and urban location affects insurance prices.

These rate differences show why it is important to compare prices for a targeted area and risk profile, instead of using averaged prices.

Use the form below to get customized rates for your location.

Additional Charts and Tables

The chart below shows estimated Toyota Matrix insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $536
• Using higher $1,000 deductibles will save approximately $806 a year
• The average rate for a 40-year-old good driver who has $500 deductibles is $868
• Selecting low $100 deductibles for physical damage coverage will increase the cost to $984
• Drivers with serious driving violations could pay up to $1,868 or more
• An auto insurance policy for full coverage for a teen driver can cost as much as $3,614 or more

View Chart as Image

Car insurance prices for a Toyota Matrix also have a wide range based on your driving characteristics, the trim level of your Matrix, and liability limits and deductibles.

Older drivers with no driving violations and high deductibles may pay as little as $800 a year, or $67 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers will be charged at least $3,600 a year. View Rates by Age

Where you choose to live has a huge impact on Toyota Matrix insurance prices. A driver around age 40 might see prices as low as $570 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,240 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $180 every year, while buying higher liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying $1,000 to $1,500 extra annually, depending on your age. A high-risk auto insurance policy can be as much as 42% to 128% more than the average policy. View High Risk Driver Rates

With such a large range in prices, the only way to know which insurance company is cheapest is to get quotes and see which company has the best price. Each insurance company calculates prices differently, so rate quotes will be substantially different from one company to the next.

Insurance Rates by Trim Level and Model Year

Rates assume 2005 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find Cheap Toyota Matrix Insurance

Finding better rates on car insurance requires avoiding accidents and violations, having above-average credit, not filing small claims, and not having any coverage lapses. Set aside time to shop around every year by obtaining price quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The list below is a brief summary of the coverage data raised in the charts and tables above.

• Drivers can save approximately $90 per year simply by quoting early and online
• Increasing policy deductibles can save around $175 each year
• Teenagers have the highest car insurance prices, as much as $301 per month if full coverage is included
• Higher risk drivers that tend to have accidents or serious violations pay an average of $1,000 more annually for car insurance