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...
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UPDATED: Jun 3, 2023
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Average insurance rates for a Toyota Matrix are $868 a year for full coverage insurance. Comprehensive insurance costs approximately $116, collision costs $152, and liability is estimated at $442. Liability-only coverage costs approximately $496 a year, with high-risk coverage costing $1,868 or more. Teens receive the highest rates at $3,614 a year or more.
Average premium for full coverage: $868
Rate estimates by individual coverage type:
Prices are based on $500 comprehensive and collision deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 states and for different Matrix trim levels.
Price Range by Coverage and Risk
Using a 40-year-old driver as an example, prices range go from as low as $496 for just the minimum liability insurance to a much higher rate of $1,868 for high-risk insurance.
Price Range by Location
Living in a larger city can make a big difference on the price of auto insurance. Rural locations tend to have a lower frequency of physical damage claims than cities with more traffic congestion.
The price range example below illustrates how rural and urban location affects auto insurance prices.
These examples illustrate why anyone shopping for car insurance should get quotes using their specific location and risk profile, instead of making a decision based on averaged prices.
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 Analysis
The chart below illustrates 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 $62 each year
- The average rate for a 40-year-old driver who chooses $500 deductibles is $868
- Selecting more expensive low deductibles for comp and collision coverage will cost an extra $116 annually
- Higher-risk drivers with serious driving violations could pay around $1,868 or more
- The cost for full coverage for a 16-year-old driver with full coverage can cost $3,614 each year
Car insurance rates for a Toyota Matrix can also vary considerably based on your driver profile, the model year and trim level, and physical damage deductibles and liability limits.
An older driver with no driving violations and high deductibles may pay as low as $800 annually on average for full coverage. Rates are much higher for teen drivers, where even good drivers will be charged in the ballpark of $3,600 a year. View Rates by Age
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 $570 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay 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% |
Choosing higher comprehensive and collision insurance deductibles can save as much as $180 annually, while increasing your policy's liability limits will push rates upward. Switching from a 50/100 limit to a 250/500 limit will cost as much as $398 extra every 12 months. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you are probably paying anywhere from $1,000 to $1,500 extra per year, depending on your age. High-risk driver insurance ranges from 42% to 128% more than the average policy. View High Risk Driver Rates
With so much variability in rates, the only way to figure out who has the best car insurance rates is to compare rates from multiple companies. Each auto insurer calculates rates differently, so rate quotes can be significantly different from one company to the next.
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 Find Affordable Toyota Matrix Insurance
Saving money on insurance for a Toyota Matrix takes having a decent driving record, having above-average credit, avoid buying unnecessary coverage, and avoiding coverage lapses. Set aside time to shop around every couple of years by getting rate quotes from direct insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.
The following items are a brief review of the material that was raised in the charts and tables above.
- Insureds who purchase additional liability coverage will pay approximately $490 annually to raise limits from a minimum limit to 250/500 limits
- 16 to 18-year-old drivers pay the highest auto insurance rates, costing up to $301 per month if full coverage is included
- Drivers considered higher risk with DUI or reckless driving convictions may pay on average $1,000 more per year than a driver with a clean driving record
- Increasing deductibles can save around $175 each year
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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