Toyota Matrix Insurance Rates

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UPDATED: Jun 3, 2023

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Average insurance prices for a Toyota Matrix are $868 every 12 months including full coverage. Comprehensive costs on average $116 a year, collision insurance costs $152, and liability is estimated at $442. Buying just liability costs approximately $496 a year, and insurance for high-risk drivers costs around $1,868. Teen drivers receive the highest rates at up to $3,614 a year.

Average premium for full coverage: $868

Rate estimates by individual coverage type:

Comprehensive $116
Collision $152
Liability $442

Prices include $500 deductible amounts, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 U.S. states and Matrix trim levels.

Price Range by Coverage and Risk

For an average driver, prices range range from the cheapest price of $496 for the bare minimum liability coverage to a high of $1,868 for coverage for higher-risk drivers.

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

Price Range by Location

Living in a larger city can make a big difference on car insurance rates. Rural areas tend to have more infrequent comprehensive and collision claims than larger metro areas. The diagram below illustrates the effect of geographic area on car insurance rates.

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

These examples highlight why it is important to get quotes based on a specific location and their own driving history, instead of making a decision based on price 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.

Additional Rate Information

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

  • The lowest rate with discounts is $536
  • Choosing higher $1,000 deductibles can save around $806 every year
  • The average price for a 40-year-old driver with $500 deductibles is $868
  • Choosing low $100 deductibles for comp and collision coverage increases the price to $984
  • Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $1,868
  • The cost to insure a 16-year-old driver may cost $3,614 each year

View Chart as Image

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

Auto insurance rates for a Toyota Matrix can also vary considerably based on policy deductibles and limits, your driving characteristics, and the trim level of your Matrix.

Choosing high deductibles can save as much as $180 annually, while buying higher liability limits will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $398 extra every year. View Rates by Deductible or Liability Limit

Older drivers with a good driving record and higher deductibles may pay as low as $800 annually on average for full coverage. Rates are highest for teen drivers, since even excellent drivers will have to pay upwards of $3,600 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are likely paying at a minimum $1,000 to $1,500 in extra premium per year, depending on your age. A high-risk auto insurance policy ranges from 42% to 128% more than average. View High Risk Driver Rates

Where you live plays a big part in determining prices for Toyota Matrix insurance prices. A good driver about age 40 could pay as low as $670 a year in states like Missouri, New Hampshire, and Vermont, or as much as $1,240 on average in Michigan, New York, and Louisiana.

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

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 Shop for the Right Toyota Matrix Insurance

Saving money on insurance for a Toyota Matrix takes having a good driving record, having a good credit score, not filing small claims, and deciding if full coverage is necessary. Take the time to compare rates at least once a year by quoting rates from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The next list is a quick rundown of the primary concepts that were covered in the above illustrations.

  • You may be able to save as much as $90 per year just by quoting early and online
  • Drivers considered higher risk with reckless driving or DUI convictions may pay on average $1,000 more each year to buy Toyota Matrix insurance
  • Increasing deductibles could save as much as $175 each year
  • Drivers age 20 and younger are charged the highest rates, as much as $301 per month if comprehensive and collision insurance is included

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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