Toyota Matrix Insurance Rates

U.S. average insurance prices for a Toyota Matrix are $868 every 12 months for full coverage insurance. Comprehensive costs approximately $116 a year, collision costs $152, and liability costs around $442. A policy with just liability insurance costs as low as $496 a year, with coverage for high-risk drivers costing around $1,868. Teenage drivers pay the highest rates at $3,614 a year or more.

Average premium for full coverage: $868

Price estimates by individual coverage:

Rate estimates include $500 policy deductibles, 30/60 liability limits, and includes medical and uninsured motorist coverage. Estimates are averaged for all 50 states and Matrix trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can make a big difference on the price of auto insurance. Rural locations have more infrequent physical damage claims than densely populated cities.

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

The ranges above illustrate why it is important to compare prices using their specific location and their own driving history, instead of making a decision based on average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $536
• Using higher $1,000 deductibles will save $806 each year
• The average price for the average middle-age driver who chooses $500 deductibles is $868
• Using low $100 deductibles for physical damage coverage increases the price to $984
• High-risk insureds who are prone to accidents and violations could pay around $1,868 or more
• The price to insure a 16-year-old driver can cost $3,614 or more

View Chart as Image

Insurance prices for a Toyota Matrix are also quite variable based on deductibles and policy limits, your risk profile, and the model of your Matrix.

Using high physical damage deductibles could cut prices by as much as $180 annually, while buying higher liability limits will push prices upward. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

Older drivers with a clean driving record and higher deductibles may pay as low as $800 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers can expect to pay in the ballpark of $3,600 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are probably paying anywhere from $1,000 to $1,500 extra each year, depending on your age. A high-risk auto insurance policy can be from 42% to 128% more than a normal policy. View High Risk Driver Rates

The state you live in has a huge impact on Toyota Matrix insurance prices. A driver around age 40 might see prices as low as $570 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,170 on average in Florida, New York, and Michigan.

View Chart as Image

Since prices can be so different, the only way to figure out who has the best car insurance prices is to get quotes from multiple companies. Each insurance company uses a different method to calculate prices, so the prices may be quite different.

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 Shop for the Best Toyota Matrix Insurance

Getting lower rates on insurance for a Toyota Matrix requires being a good driver, having good credit, not filing small claims, and maximizing policy discounts. Take the time to comparison shop at every policy renewal by requesting rates from direct insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The following list is a brief recap of the data touched on in the above illustrations.

• Insureds who purchase an increased level of liability coverage will pay an extra $490 annually to increase from a low limit to a 250/500 level
• It is possible to save around $90 per year simply by quoting early and online
• Increasing physical damage deductibles could save as much as $175 each year
• Drivers age 16 to 20 are expensive to insure, as much as $301 a month if they have full coverage