Toyota Matrix Insurance Rates

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UPDATED: Jun 3, 2023

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U.S. average insurance rates for a Toyota Matrix are $868 a year with full coverage. Comprehensive insurance costs around $116 a year, collision costs $152, and liability coverage costs $442. Liability-only coverage costs as little as $496 a year, with high-risk coverage costing $1,868 or more. 16-year-old drivers pay the highest rates at $3,614 a year or more.

Average premium for full coverage: $868

Price estimates for individual coverage:

Comprehensive $116
Collision $152
Liability $442

Prices include $500 policy deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Estimates are averaged for all U.S. states and Matrix trim levels.

Price Range from Low to High

For an average driver, Toyota Matrix insurance prices go from as low as $496 for basic liability insurance to a high of $1,868 for coverage for higher-risk drivers.

Liability Only $496
Full Coverage $868
High Risk $1,868

Geographic Price Range

Your location has a large influence on insurance rates. Areas with sparse population have a lower frequency of collision claims than congested cities.

The diagram below illustrates the effect of geographic area on auto insurance rates.

Rural Areas $651
Small Cities $911
Large Cities $1,172

The ranges above demonstrate why it is important to compare rates for a specific zip code and risk profile, rather than using rate averages.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Rate Comparisons

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

  • The best full coverage rate is $536
  • Drivers who choose higher $1,000 deductibles will pay about $806 annually
  • The average rate for the average middle-age driver using $500 deductibles is $868
  • Buying low $100 deductibles for comprehensive and collision insurance will cost an extra $116 each year
  • High-risk insureds with multiple tickets or accidents could pay at least $1,868 or more
  • The price for full coverage for a teenage driver can be $3,614 a year

View Chart as Image

Toyota Matrix insurance cost comparison chart
Column chart showing full coverage Toyota Matrix insurance prices range from $536 to $3,614

Auto insurance prices for a Toyota Matrix are also quite variable based on your driving record, the trim level and model year, and deductibles and policy limits.

Older drivers with a good driving record and high deductibles may only pay around $800 per year on average for full coverage. Prices are highest for teenage drivers, where even good drivers will have to pay as much as $3,600 a year. View Rates by Age

The state you live in makes a big difference in Toyota Matrix insurance rates. A 40-year-old driver could pay as low as $630 a year in states like New Hampshire, Ohio, and Utah, or at least $1,170 on average in Florida, Michigan, and New York.

Toyota Matrix Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $786 -$82 -9.4%
Alaska $666 -$202 -23.3%
Arizona $722 -$146 -16.8%
Arkansas $868 -$0 0.0%
California $990 $122 14.1%
Colorado $830 -$38 -4.4%
Connecticut $892 $24 2.8%
Delaware $982 $114 13.1%
Florida $1,086 $218 25.1%
Georgia $800 -$68 -7.8%
Hawaii $624 -$244 -28.1%
Idaho $588 -$280 -32.3%
Illinois $648 -$220 -25.3%
Indiana $652 -$216 -24.9%
Iowa $584 -$284 -32.7%
Kansas $826 -$42 -4.8%
Kentucky $1,186 $318 36.6%
Louisiana $1,286 $418 48.2%
Maine $536 -$332 -38.2%
Maryland $718 -$150 -17.3%
Massachusetts $696 -$172 -19.8%
Michigan $1,508 $640 73.7%
Minnesota $726 -$142 -16.4%
Mississippi $1,040 $172 19.8%
Missouri $770 -$98 -11.3%
Montana $934 $66 7.6%
Nebraska $684 -$184 -21.2%
Nevada $1,040 $172 19.8%
New Hampshire $626 -$242 -27.9%
New Jersey $970 $102 11.8%
New Mexico $770 -$98 -11.3%
New York $916 $48 5.5%
North Carolina $500 -$368 -42.4%
North Dakota $710 -$158 -18.2%
Ohio $602 -$266 -30.6%
Oklahoma $892 $24 2.8%
Oregon $796 -$72 -8.3%
Pennsylvania $830 -$38 -4.4%
Rhode Island $1,160 $292 33.6%
South Carolina $786 -$82 -9.4%
South Dakota $734 -$134 -15.4%
Tennessee $762 -$106 -12.2%
Texas $1,046 $178 20.5%
Utah $644 -$224 -25.8%
Vermont $594 -$274 -31.6%
Virginia $522 -$346 -39.9%
Washington $672 -$196 -22.6%
West Virginia $796 -$72 -8.3%
Wisconsin $602 -$266 -30.6%
Wyoming $774 -$94 -10.8%

View Chart as Image

Toyota Matrix insurance rates by U.S. city

Opting for high physical damage deductibles could save up to $180 a year, while buying higher liability limits will increase prices. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out at least $1,000 to $1,500 in extra premium each year, depending on your age. A high-risk auto insurance policy can cost around 42% to 128% more than the average rate. View High Risk Driver Rates

Since prices can be so different, the best way to find out your exact price is to get quotes and see how they stack up. Every company utilizes a different rate formula, and quoted prices may be quite different from one company to the next.

Insurance Rates by Trim Level and Model Year

Toyota Matrix Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Toyota Matrix 2WD $838 $70
Toyota Matrix S 2WD $878 $73
Toyota Matrix S AWD $878 $73
Toyota Matrix XRS 2WD $878 $73

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.

Toyota Matrix Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2010 Toyota Matrix $134 $182 $468 $942
2009 Toyota Matrix $132 $178 $460 $928
2008 Toyota Matrix $130 $168 $452 $908
2007 Toyota Matrix $120 $160 $446 $884
2006 Toyota Matrix $116 $152 $442 $868

Rates are averaged for all Toyota Matrix models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find the Right Toyota Matrix Insurance

Getting lower rates on auto insurance not only requires avoiding accidents and claims, but also having good credit, avoid buying unnecessary coverage, and maximizing policy discounts. Take the time to compare rates at least once a year by requesting rates from direct companies like Progressive and GEICO, and also from local independent and exclusive agents.

The points below are a quick rundown of the primary concepts that were covered in the above illustrations.

  • You may be able to save up to $90 per year simply by quoting early and online
  • Drivers with reckless driving or DUI convictions pay an average of $1,000 more every year to insure a Toyota Matrix
  • Increasing physical damage deductibles can save around $175 each year
  • Drivers under the age of 20 are expensive to insure, costing up to $301 a month if they have full coverage

Rates by Driver Age

Toyota Matrix Insurance Rates by Driver Age
Driver Age Premium
16 $3,614
20 $1,998
30 $876
40 $868
50 $798
60 $782

Full coverage, $500 deductibles

Rates by Deductible

Toyota Matrix Insurance Rates with Different Deductibles
Deductible Premium
$100 $984
$250 $932
$500 $868
$1,000 $806

Full coverage, driver age 40

Rates by Liability Limit

Toyota Matrix Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $868
50/100 $966
100/300 $1,077
250/500 $1,364
100 CSL $1,011
300 CSL $1,254
500 CSL $1,431

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Matrix Insurance Rates for High Risk Drivers
Age Premium
16 $5,062
20 $3,180
30 $1,874
40 $1,868
50 $1,790
60 $1,772

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $115

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $43
Multi-vehicle $47
Homeowner $16
5-yr Accident Free $50
5-yr Claim Free $53
Paid in Full/EFT $29
Advance Quote $37
Online Quote $57
Total Discounts $332
Rate after discounts $536

Discounts are estimated and may not be available from every company or in every state.

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