Toyota Matrix Insurance Rates

The average insurance rates for a Toyota Matrix are $868 a year including full coverage. Comprehensive costs approximately $116 each year, collision costs $152, and liability costs around $442. Buying just liability costs as low as $496 a year, with insurance for high-risk drivers costing around $1,868. 16-year-old 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:

Price estimates include $500 deductible amounts, 30/60 liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and Matrix models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on car insurance prices. Rural locations are shown to have lower incidents of comprehensive and collision claims than congested cities.

The graphic below illustrates how geographic area affects auto insurance prices.

The examples above highlight why all drivers should compare prices using their specific location, instead of using rate averages.

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

Additional Charts and Tables

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

• The best full coverage rate is $536
• Using higher $1,000 deductibles will save $62 every year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $868
• Buying low deductibles for physical damage coverage bumps up the cost to $984
• Drivers with multiple tickets or accidents could pay around $1,868 or more
• Policy cost that insures a teen driver can cost $3,614 or more

View Chart as Image

Insurance rates for a Toyota Matrix also range considerably based on the trim level and model year, your driving record and age, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you are likely paying anywhere from $1,000 to $1,500 extra every year, depending on your age. Insurance for high-risk drivers can be as much as 42% to 128% more than the average rate. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles may pay as little as $800 a year, or $67 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay in the ballpark of $3,600 a year. View Rates by Age

Your home state has a huge impact on Toyota Matrix insurance prices. A driver around age 40 might see rates as low as $670 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,240 on average in Louisiana, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could cut rates by as much as $180 every year, whereas increasing liability limits will push rates upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $398 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to do a rate comparison and see which company has the best rate. Each insurance company utilizes a different rate formula, so the rates 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 Cheaper Toyota Matrix Insurance

Finding cheaper rates on car insurance requires having a good driving record, having above-average credit, paying for small claims out-of-pocket, and maximizing policy discounts. Comparison shop at every policy renewal by getting quotes from direct car insurance companies, and also from local auto insurance providers.

The next list is a condensed summary of the data presented in the illustrations above.

• Policyholders who purchase increased levels of liability coverage will pay around $490 per year to increase from a 30/60 limit to the 250/500 level
• You may be able to save around $90 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles can save approximately $175 each year
• Drivers age 20 and younger are expensive to insure, with premiums being up to $301 each month if full coverage is included