Toyota Matrix Insurance Rates

The average auto insurance rates for a Toyota Matrix are $868 annually including full coverage. Comprehensive insurance costs approximately $116, collision insurance costs $152, and liability insurance is $442. Liability-only coverage costs around $496 a year, and high-risk coverage costs $1,868 or more. Teens cost the most to insure at up to $3,614 a year.

Average premium for full coverage: $868

Policy rates by type of insurance:

Full coverage includes $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all Matrix models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than cities with more traffic congestion. The example below illustrates how your location can change auto insurance prices.

The examples above highlight why everyone should compare rates quotes using their specific location and their own personal driving habits, rather than relying on averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $536
• Raising to $1,000 deductibles will save $62 every year
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $868
• Selecting pricier low deductibles costs an additional $116 a year
• Higher-risk drivers with serious driving violations could pay around $1,868
• Policy cost with full coverage for a teen driver for full coverage can cost $3,614

View Chart as Image

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

A more mature driver with no violations or accidents and high physical damage deductibles could pay as little as $800 every 12 months on average, or $67 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they should be prepared to pay in the ballpark of $3,600 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are likely paying anywhere from $1,000 to $1,500 additional every year, depending on your age. Toyota Matrix insurance for high-risk drivers is expensive and can cost anywhere from 42% to 128% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $180 each year, whereas buying more liability protection will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit

Your home state also has a big influence on Toyota Matrix insurance rates. A middle-age driver might find rates as low as $670 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $1,240 on average in Louisiana, New York, and Michigan.

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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 Buy More Affordable Toyota Matrix Insurance

Finding cheaper rates on Toyota Matrix insurance consists of having a decent driving record, having good credit, paying for small claims out-of-pocket, and consideration of higher deductibles. Invest the time to shop around once a year by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The following items are a summary of the data that was illustrated above.

• You may be able to save around $90 per year just by quoting online well ahead of the renewal date
• Drivers who purchase additional liability coverage will pay approximately $490 per year to raise from a 30/60 limit to higher 250/500 limits
• 16 to 18-year-old drivers are the costliest to insure, with premiums being up to $301 each month if they have full coverage
• High-risk drivers who have multiple accidents or major violations may have to pay on average $1,000 more per year than a driver with a clean driving record