Toyota Matrix Insurance Rates
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Michelle Robbins
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Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Jun 3, 2023
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Estimated insurance prices for a Toyota Matrix are $868 every 12 months for full coverage insurance. Comprehensive costs an estimated $116, collision insurance costs $152, and liability is estimated at $442. Liability-only coverage costs approximately $496 a year, and high-risk coverage costs around $1,868. 16-year-old drivers pay the most at up to $3,614 a year.
Average premium for full coverage: $868
Premium estimates broken down by type of coverage:
Rate estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes uninsured motorist and medical coverage. Rates include averaging for all 50 states and for different Matrix trim levels.
Insurance Price Range by Risk and Coverage
For the normal driver, insurance rates for a Toyota Matrix range from the cheapest price of $496 for the bare minimum liability coverage to a much higher rate of $1,868 for a policy for a high-risk driver.
Insurance Price Range by Location
Living in a larger city can make a big difference on the price of insurance. More rural locations are statistically proven to have more infrequent physical damage claims than congested cities. The price range example below illustrates how geographic area affects insurance prices.
These rate differences illustrate why anyone shopping for car insurance should get quotes for a targeted area and their own driving history, instead of making a decision based on rate 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 illustrates average Toyota Matrix insurance rates for other coverage scenarios.
- The best full coverage rate is $536
- Choosing higher $1,000 deductibles can save approximately $62 each year
- The average price for a 40-year-old good driver who has $500 deductibles is $868
- Buying more expensive low deductibles for comp and collision coverage increases the price to $984
- Higher-risk drivers with multiple tickets or accidents could pay up to $1,868
- An auto insurance policy to insure a 16-year-old driver with full coverage can cost as much as $3,614 each year
Insurance prices for a Toyota Matrix also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the model year and trim level.
Opting for high physical damage deductibles can save as much as $180 annually, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $398 more per year. View Rates by Deductible or Liability Limit
An older driver with a clean driving record and higher deductibles may pay as low as $800 annually on average, or $67 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers can expect to pay at least $3,600 a year. View Rates by Age
If you have a few violations or you were responsible for an accident, you are probably paying $1,000 to $1,500 extra annually, depending on your age. High-risk driver insurance ranges from 42% to 128% more than the average rate. View High Risk Driver Rates
Where you choose to live plays a big part in determining prices for Toyota Matrix insurance prices. A good driver about age 40 could pay as low as $570 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,170 on average in Florida, New York, and Michigan.
| 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% |
Insurance Rates by Trim Level and Model Year
| 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.
| 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 Best Toyota Matrix Insurance
Finding better rates on insurance for a Toyota Matrix takes avoiding accidents and violations, having good credit, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Invest the time to compare rates every year by getting quotes from direct insurance companies, and also from insurance agencies where you live.
The list below is a brief recap of the coverage data presented in the illustrations above.
- It is possible to save approximately $90 per year just by shopping early and online
- Increasing policy deductibles could save as much as $175 each year
- Teenagers are charged the highest prices, with premiums being up to $301 per month if they have full coverage
- Drivers considered higher risk who tend to receive serious violations could be forced to pay on average $1,000 more annually for car insurance
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $984 |
| $250 | $932 |
| $500 | $868 |
| $1,000 | $806 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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