Toyota Matrix Insurance Rates

The average insurance rates for a Toyota Matrix are $868 a year including full coverage. Comprehensive costs on average $116, collision costs $152, and liability insurance is $442. A liability-only policy costs around $496 a year, with high-risk insurance costing around $1,868. Teens 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, minimum liability limits, and includes additional medical/uninsured motorist coverage. 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 significant impact on car insurance rates. Rural areas are shown to have lower incidents of comprehensive and collision claims than cities with more traffic congestion.

The price range example below illustrates how where you live affects car insurance rates.

The examples above highlight why anyone shopping for car insurance should compare rates quotes based on a specific location, rather than relying on averaged prices.

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

Additional Rate Analysis

The chart below breaks down estimated Toyota Matrix insurance rates for different risk profiles and scenarios.

• The cheapest rate after discounts is $536
• Raising to $1,000 deductibles will save around $62 every year
• The estimated price for a good driver age 40 with $500 deductibles is $868
• Selecting more expensive low deductibles bumps up the cost to $984
• Higher-risk drivers with serious driving violations could pay upwards of $1,868 or more
• Policy cost that insures a teen driver with full coverage may cost $3,614

View Chart as Image

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

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

An older driver with no driving violations and higher comprehensive and collision deductibles could pay as little as $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 be charged upwards of $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 have to pay at least $1,240 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $180 each year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out exactly what you will pay is to compare rates from as many companies as possible. Every auto insurance company calculates rates differently, so rate quotes 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 Toyota Matrix insurance consists of being a low-risk driver, having a positive credit history, paying for small claims out-of-pocket, and maximizing policy discounts. Compare rates every couple of years by obtaining price quotes from direct car insurance companies, and also from insurance agencies where you live.

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

• Drivers who require more liability coverage will pay approximately $490 per year to raise from a 30/60 limit to the 250/500 level
• Teen drivers are expensive to insure, with premiums being up to $301 each month if full coverage is purchased
• High-risk drivers who have multiple accidents or major violations could be forced to pay on average $1,000 more each year to insure their Matrix
• Increasing comprehensive and collision deductibles can save approximately $175 each year