Toyota Matrix Insurance Rates

The average insurance prices for a Toyota Matrix are $868 every 12 months for full coverage insurance. Comprehensive insurance costs an estimated $116, collision insurance costs $152, and liability insurance costs $442. Liability-only insurance costs as little as $496 a year, and high-risk driver insurance costs $1,868 or more. Teenage drivers cost the most to insure at up to $3,614 a year.

Average premium for full coverage: $868

Policy rates broken down by type of insurance:

Estimates include $500 physical damage deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Prices are averaged for all 50 states and for different Matrix trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on the price of insurance. More rural locations are shown to have more infrequent physical damage claims than densely populated cities. The price range example below illustrates the difference location can make on insurance prices.

The examples above illustrate why anyone shopping for car insurance should compare rates for a targeted area and their own driving history, rather than relying on average rates.

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

Rates by State, City, and Model

The chart below illustrates average Toyota Matrix insurance rates for other coverage scenarios.

• The best discount rate is $536
• Drivers who choose higher $1,000 deductibles will pay approximately $62 each year
• The average price for a good driver age 40 who has $500 deductibles is $868
• Using more expensive low deductibles for comprehensive and collision insurance costs an extra $116 a year
• High risk drivers who are prone to accidents and violations could pay up to $1,868
• Policy cost to insure a teen driver with full coverage can cost as much as $3,614 a year

View Chart as Image

Auto insurance rates for a Toyota Matrix also range considerably based on liability limits and deductibles, your risk profile, and the model year and trim level.

Using high physical damage deductibles could save up to $180 each year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $398 extra every year. View Rates by Deductible or Liability Limit

An older driver with a good driving record and higher deductibles could pay as little as $800 per year on average, or $67 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will have to pay at least $3,600 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying $1,000 to $1,500 in extra premium every year, depending on your age. High-risk driver insurance can cost anywhere from 42% to 128% more than a normal policy. View High Risk Driver Rates

Your home state makes a big difference in Toyota Matrix insurance rates. A 40-year-old driver could pay as low as $570 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,170 on average in Florida, New York, and Michigan.

View Chart as Image

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 Shop for Low Cost Toyota Matrix Insurance

Finding cheaper rates on Toyota Matrix insurance not only requires being a safe and courteous driver, but also having a good credit score, being claim-free, and consideration of higher deductibles. Make time to compare rates every couple of years by requesting quotes from direct insurance companies, and also from insurance agencies where you live.

Below is a review of the material that was touched on in this article.

• Drivers who want higher levels of liability will pay an extra $490 annually to go from a 30/60 limit to a 250/500 level
• Teenage drivers are the costliest to insure, possibly costing $301 each month if comprehensive and collision insurance is included
• High-risk drivers who have several accidents or serious violations could be forced to pay on average $1,000 more annually for auto insurance
• Increasing comprehensive and collision deductibles could save as much as $175 each year