Toyota Matrix Insurance Rates

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

Average premium for full coverage: $868

Policy rates by type of insurance:

Full coverage includes $500 physical damage insurance deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all states and Matrix trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on car insurance rates. Rural locations are shown to have a lower frequency of accident claims than densely populated cities.

The diagram below illustrates how where you live affects auto insurance prices.

The examples above show why it is important to get quotes using their specific location and risk profile, rather than relying on average rates.

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

Detailed Rate Analysis

The chart below shows estimated Toyota Matrix insurance rates for additional coverage and risk scenarios.

• The best discount rate is $536
• Choosing higher $1,000 deductibles can save $806 a year
• The average rate for a good driver age 40 who chooses $500 deductibles is $868
• Using low $100 deductibles for comp and collision coverage will increase the cost to $984
• High-risk insureds who are prone to accidents and violations could pay around $1,868 or more
• Policy cost for full coverage for a teen driver can cost $3,614 each year

View Chart as Image

Insurance rates for a Toyota Matrix also range considerably based on your risk profile, the trim level of your Matrix, and physical damage deductibles and liability limits.

Older drivers with no violations or accidents and high deductibles could pay as little as $800 annually on average, or $67 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay in the ballpark of $3,600 a year. View Rates by Age

Your home state plays a big part in determining prices for Toyota Matrix insurance rates. A good driver about age 40 could pay as low as $570 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,240 on average in New York, Louisiana, and Michigan.

View Chart as Image

Using high physical damage deductibles can save as much as $180 each year, while buying higher liability limits will push rates upward. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying anywhere from $1,000 to $1,500 additional every year, depending on your age. A high-risk auto insurance policy ranges anywhere from 42% to 128% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the only way to know who has the cheapest car insurance rates is to get quotes from as many companies as possible. Each auto insurer uses a different method to calculate rates, and rates will be varied 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 More Affordable Toyota Matrix Insurance

Finding cheaper rates on Toyota Matrix insurance takes being a low-risk driver, having a good credit history, avoid buying unnecessary coverage, and qualifying for all possible discounts. Take the time to comparison shop once a year by getting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The items below are a summary of the data that was touched on in the above illustrations.

• Drivers can save around $90 per year simply by quoting early and online
• Drivers who purchase more liability coverage will pay an extra $490 each year to raise limits from a 30/60 limit to 250/500 limits
• Teen drivers are the costliest to insure, costing up to $301 each month including comprehensive and collision insurance
• High-risk drivers who have multiple accidents or major violations may pay on average $1,000 more per year to insure their Matrix