Toyota Matrix Insurance Rates

Average insurance rates for a Toyota Matrix are $868 a year for full coverage insurance. Comprehensive costs an estimated $116 each year, collision costs $152, and liability is $442. A policy with just liability insurance costs around $496 a year, with coverage for high-risk drivers costing around $1,868. Teenage drivers receive the highest rates at $3,614 a year or more.

Average premium for full coverage: $868

Rate estimates broken down by individual coverage type:

Includes $500 deductible amounts, liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 states and Matrix models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can have significant affects on the price of insurance. More rural locations tend to have lower incidents of physical damage claims than densely populated cities.

The graphic below illustrates the effect of geographic area on insurance prices.

These examples illustrate why all drivers should compare rates quotes for a targeted area, instead of using average rates.

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

More Rate Information

The chart below illustrates estimated Toyota Matrix insurance rates for other coverage scenarios.

• The best discount rate is $536
• Raising to $1,000 deductibles will save approximately $62 each year
• The estimated price for a 40-year-old driver who has $500 deductibles is $868
• Using low deductibles bumps up the cost to $984
• At-risk drivers who are prone to accidents and violations could pay up to $1,868 or more
• The cost that insures a teen driver can cost as much as $3,614

View Chart as Image

Insurance rates for a Toyota Matrix can also vary considerably based on the trim level and model year, your age and driving record, and liability limits and deductibles.

If you like to drive fast or you caused an accident, you are probably paying $1,000 to $1,500 additional per year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 42% to 128% more than a normal policy. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $800 every 12 months on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records should be prepared to pay at least $3,600 a year. View Rates by Age

Where you live also has a big influence on Toyota Matrix insurance prices. A middle-age driver might find rates 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

Using high physical damage deductibles can reduce rates by up to $180 every year, whereas increasing liability limits will increase premiums. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $398 more each year. View Rates by Deductible or Liability Limit

With so much variability in rates, the only way to figure out which company is cheapest is to do a rate comparison and see which company has the best rate. Every auto insurance company uses a different method to calculate rates, and rates can be significantly 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 Find the Cheapest Toyota Matrix Insurance

Saving money on car insurance consists of having a good driving record, having a good credit score, avoid buying unnecessary coverage, and maximizing policy discounts. Compare prices once a year by getting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The next list is a recap of the data that was covered in the above illustrations.

• It is possible to save approximately $90 per year simply by quoting online in advance
• Policyholders who want increased levels of liability coverage will pay an extra $490 annually to raise from a minimum limit to the 250/500 level
• Drivers age 20 and younger are expensive to insure, costing up to $301 per month if comprehensive and collision insurance is included
• Higher risk drivers that have major violations or accidents may have to pay on average $1,000 more annually to buy Toyota Matrix insurance