Toyota Matrix Insurance Rates

The average auto insurance rates for a Toyota Matrix are $868 annually with full coverage. Comprehensive costs approximately $116, collision costs $152, and liability coverage costs around $442. A liability-only policy costs as low as $496 a year, with high-risk insurance costing around $1,868. Teenage drivers cost the most to insure at $3,614 a year or more.

Average premium for full coverage: $868

Policy rates by type of insurance:

Prices include $500 policy deductibles, liability coverage up to 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all U.S. states and for different Matrix trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on the price of insurance. Rural locations are shown to have fewer collision claims than densely populated cities.

The price range example below illustrates the difference between rural and urban areas on auto insurance prices.

The examples above demonstrate why anyone shopping for car insurance should compare prices using their specific location and their own personal driving habits, rather than using average rates.

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

Additional Charts and Tables

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

• The best discount rate is $536
• Using higher $1,000 deductibles will save $62 annually
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $868
• Using more expensive low deductibles for physical damage coverage will cost $984
• Higher-risk drivers who are prone to accidents and violations could pay around $1,868 or more
• Policy cost with full coverage for a teenage driver with full coverage can cost $3,614 or more

View Chart as Image

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

An older driver with no driving violations and high physical damage deductibles may only pay around $800 a year, or $67 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will be charged 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 may be forking out anywhere from $1,000 to $1,500 extra every year, depending on your age. High-risk driver insurance can be around 42% to 128% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut rates by as much as $180 a year, while increasing your policy's liability limits will push rates upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

Your home state has a huge impact on Toyota Matrix insurance rates. A driver around age 40 might see rates as low as $630 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,170 on average in New York, Michigan, and Florida.

View Chart as Image

Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to compare rates and see how they stack up. Each insurance company uses a different method to calculate rates, so rate quotes will be varied between companies.

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 the Right Toyota Matrix Insurance

Finding cheaper rates on auto insurance requires being a good driver, having a good credit score, not filing small claims, and avoiding coverage lapses. Set aside time to compare rates every time your policy renews by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following list is a quick rundown of the information covered above.

• You may be able to save around $90 per year simply by shopping early and online
• Drivers age 16 to 20 pay the highest auto insurance rates, as much as $301 each month if comprehensive and collision insurance is included
• Increasing comprehensive and collision deductibles could save up to $175 each year
• Drivers with reckless driving or DUI convictions may pay on average $1,000 more per year than a safer driver
• Consumers who purchase an increased level of liability coverage will pay an extra $490 every year to increase from a 30/60 limit to higher 250/500 limits