Toyota Matrix Insurance Rates

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

Average premium for full coverage: $868

Price estimates by individual coverage:

Includes $500 physical damage deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all U.S. states and for different Matrix trim levels.

Price Range from Low to High

Geographic Price Range

Your location can have significant affects on the price of insurance. Rural locations have a lower frequency of collision claims than larger metro areas.

The price range example below illustrates how location impacts auto insurance prices.

The ranges above demonstrate why anyone shopping for car insurance should compare rates using their specific location and risk profile, instead of using price averages.

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

Additional Rate Analysis

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

• The lowest rate with discounts is $536
• Drivers who choose higher $1,000 deductibles will pay $62 annually
• The average rate for the average middle-age driver who chooses $500 deductibles is $868
• Choosing more expensive low deductibles for comprehensive and collision insurance will cost an extra $116 every year
• Higher-risk drivers with multiple violations and an at-fault accident could pay around $1,868 or more
• The price for full coverage for a teen driver with full coverage can cost $3,614 a year

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Insurance prices for a Toyota Matrix are also quite variable based on your driving record, the trim level and model year, and physical damage deductibles and liability limits.

An older driver with a clean driving record and high deductibles may pay as little as $800 per year on average for full coverage. Prices are highest for teenage drivers, where even good drivers can expect to pay in the ballpark of $3,600 a year. View Rates by Age

The state you live in makes a big difference in Toyota Matrix insurance prices. A 40-year-old driver could pay as low as $630 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,170 on average in New York, Michigan, and Florida.

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Choosing high deductibles could save up to $180 every year, while increasing your policy's liability limits will push prices upward. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out anywhere from $1,000 to $1,500 extra each year, depending on your age. High-risk driver insurance can cost as much as 42% to 128% more than average. View High Risk Driver Rates

Since prices can be so different, the best way to find out who has the cheapest auto insurance prices is to compare prices and see which company has the best price. Every company uses a different rate calculation, so the prices may be quite different from one company to the next.

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 the Cheapest Toyota Matrix Insurance

Getting lower rates on car insurance not only requires being a safe and courteous driver, but also maintaining good credit, avoid buying unnecessary coverage, and maximizing policy discounts. Spend time shopping around every couple of years by obtaining price quotes from direct companies like Progressive and GEICO, and also from several local insurance agents.

Below is a recap of the material that was touched on above.

• Policyholders who purchase higher levels of liability will pay about $490 every year to go from a low limit to 250/500 limits
• Teenage drivers are expensive to insure, costing up to $301 a month for full coverage
• Higher risk drivers that have major violations or accidents pay on average $1,000 more per year for auto insurance
• Increasing physical damage deductibles can save around $175 each year