Toyota Matrix Insurance Rates

The average insurance rates for a Toyota Matrix are $868 a year including full coverage. Comprehensive insurance costs around $116, collision costs $152, and liability coverage is $442. Liability-only insurance costs around $496 a year, with high-risk driver insurance costing $1,868 or more. Teenage drivers cost the most to insure at $3,614 a year or more.

Average premium for full coverage: $868

Policy rates for type of insurance:

Full coverage includes $500 comprehensive and collision deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 U.S. states and for different Matrix trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on the price of insurance. Areas with sparse population are shown to have lower incidents of comprehensive and collision claims than densely populated cities.

The price range example below illustrates the difference between rural and urban areas on auto insurance rates.

The examples above highlight why anyone shopping for car insurance should compare rates quotes for a specific zip code, rather than using average rates.

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

Additional Rate Details

The chart below breaks down estimated Toyota Matrix insurance rates for additional coverage choices and driver risks.

• The best discount rate is $536
• Raising to $1,000 deductibles will save about $62 every year
• The estimated price for a good driver age 40 using $500 deductibles is $868
• Using more expensive low deductibles will cost an additional $116 each year
• Unlucky drivers who are prone to accidents and violations could pay at least $1,868 or more
• Policy cost that insures a teenage driver with full coverage can be $3,614

View Chart as Image

Auto insurance rates for a Toyota Matrix also range considerably based on the model year and trim level, your driving record and age, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at least $1,000 to $1,500 in extra premium every year, depending on your age. High-risk driver insurance is expensive and can cost around 42% to 128% more than a normal policy. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may only pay around $800 every 12 months on average, or $67 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will have to pay as much as $3,600 a year. View Rates by Age

Your home state also has a big influence on Toyota Matrix insurance rates. A middle-age driver might find rates as low as $670 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,240 on average in Michigan, New York, and Louisiana.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $180 a year, while increasing your policy's liability limits will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $398 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out your exact price is to compare rates and see how they stack up. Every auto insurance company uses a different method to calculate rates, and quoted rates will be varied.

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 More Affordable Toyota Matrix Insurance

Finding cheaper rates on auto insurance consists of having a decent driving record, maintaining a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Compare prices at least every other year by obtaining price quotes from direct car insurance companies, and also from local insurance agencies.

The following items are a summary of the car insurance concepts covered above.

• Drivers who have multiple accidents or major violations may have to pay on average $1,000 more every year than a driver with a clean driving record
• You may be able to save up to $90 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles can save approximately $175 each year
• Consumers who may need additional liability coverage will pay an extra $490 per year to raise from a 30/60 limit to the 250/500 level