Toyota Matrix Insurance Rates

The average insurance rates for a Toyota Matrix are $868 a year with full coverage. Comprehensive costs approximately $116 a year, collision costs $152, and liability is estimated at $442. Liability-only insurance costs approximately $496 a year, with high-risk driver 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:

Estimates include $500 physical damage deductibles, 30/60 split liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all U.S. states and Matrix trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can have significant affects on the price of insurance. Rural locations are shown to have a lower frequency of collision claims than cities with more traffic congestion.

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

The examples above demonstrate why it is important to get quotes using their specific location and risk profile, instead of using averaged prices.

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

Additional Charts and Tables

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

• The cheapest rate after discounts is $536
• Choosing higher $1,000 deductibles can save $806 annually
• The average rate for a good driver age 40 who chooses $500 deductibles is $868
• Selecting low $100 deductibles for comp and collision coverage will increase the cost to $984
• Unlucky drivers with serious driving 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

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

Older drivers with a good driving record and high deductibles may 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 will have 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 prices. A good driver about age 40 could pay as low as $630 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,170 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can save as much as $180 every year, while buying higher liability limits will push rates upward. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $398 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out anywhere from $1,000 to $1,500 in extra premium every year, depending on your age. A high-risk auto insurance policy ranges as much as 42% to 128% more than the average policy. View High Risk Driver Rates

Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to get quotes and see which company has the best rate. Each auto insurer calculates rates differently, and quoted 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 Low Cost Toyota Matrix Insurance

Finding cheaper rates on car insurance takes being a safe and courteous driver, having good credit, not filing small claims, and not having any coverage lapses. Take the time to comparison shop at least every other year by obtaining price quotes from direct companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

Below is a review of the car insurance concepts touched on in the above illustrations.

• Higher risk drivers who have several accidents or serious violations pay on average $1,000 more per year for auto insurance
• You may be able to save around $90 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles can save around $175 each year
• Policyholders who purchase higher levels of liability will pay approximately $490 every year to raise limits from a 30/60 limit to 250/500 limits