Toyota Matrix Insurance Rates

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UPDATED: Jun 3, 2023

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U.S. average insurance rates for a Toyota Matrix are $868 a year for full coverage. Comprehensive costs around $116, collision insurance costs $152, and liability coverage is estimated at $442. Liability-only insurance costs approximately $496 a year, and high-risk driver insurance costs around $1,868. Teens pay the highest rates at up to $3,614 a year.

Average premium for full coverage: $868

Price estimates for individual coverage:

Comprehensive $116
Collision $152
Liability $442

Rates are based on $500 policy deductibles, minimum liability limits, and includes uninsured motorist and medical coverage. Estimates are averaged for all states and for all Matrix models.

Price Range from Low to High

For a driver around age 40, Toyota Matrix insurance prices range from the low end price of $496 for the bare minimum liability coverage to the much higher price of $1,868 for high-risk insurance.

Liability Only $496
Full Coverage $868
High Risk $1,868

Geographic Price Range

Living in a larger city has a large influence on auto insurance rates. Areas with sparse population have lower incidents of accident claims than cities with more traffic congestion. The example below illustrates the difference between rural and urban areas on auto insurance rates.

Rural Areas $651
Small Cities $911
Large Cities $1,172

The ranges above show why everyone should get quotes for a specific zip code, rather than using averaged prices.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Rate Information

The chart below shows average Toyota Matrix insurance rates for additional coverage choices and driver risks.

  • The cheapest rate after discounts is $536
  • Choosing higher $1,000 deductibles can save about $62 a year
  • The estimated price for the average middle-age driver using $500 deductibles is $868
  • Selecting pricier low deductibles for comp and collision coverage bumps up the cost to $984
  • Drivers with serious driving violations could pay at least $1,868
  • The price that insures a teenage driver for full coverage can be $3,614 each year

View Chart as Image

Toyota Matrix insurance cost comparison chart
Column chart showing Toyota Matrix insurance rates range from $536 to $3,614 for full coverage

Car insurance prices for a Toyota Matrix are also quite variable based on the model of your Matrix, how you drive, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you could be paying at least $1,000 to $1,500 extra each year, depending on your age. Toyota Matrix insurance for high-risk drivers ranges around 42% to 128% more than the average policy. View High Risk Driver Rates

A more mature driver with no driving violations and higher comprehensive and collision deductibles may only pay around $800 annually on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will be charged as much as $3,600 a year. View Rates by Age

The state you live in plays a big part in determining prices for Toyota Matrix insurance rates. A good driver about age 40 could pay as low as $570 a year in states like Idaho, Maine, and Iowa, or have to pay at least $1,240 on average in Michigan, Louisiana, and New York.

Toyota Matrix Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $786 -$82 -9.4%
Alaska $666 -$202 -23.3%
Arizona $722 -$146 -16.8%
Arkansas $868 -$0 0.0%
California $990 $122 14.1%
Colorado $830 -$38 -4.4%
Connecticut $892 $24 2.8%
Delaware $982 $114 13.1%
Florida $1,086 $218 25.1%
Georgia $800 -$68 -7.8%
Hawaii $624 -$244 -28.1%
Idaho $588 -$280 -32.3%
Illinois $648 -$220 -25.3%
Indiana $652 -$216 -24.9%
Iowa $584 -$284 -32.7%
Kansas $826 -$42 -4.8%
Kentucky $1,186 $318 36.6%
Louisiana $1,286 $418 48.2%
Maine $536 -$332 -38.2%
Maryland $718 -$150 -17.3%
Massachusetts $696 -$172 -19.8%
Michigan $1,508 $640 73.7%
Minnesota $726 -$142 -16.4%
Mississippi $1,040 $172 19.8%
Missouri $770 -$98 -11.3%
Montana $934 $66 7.6%
Nebraska $684 -$184 -21.2%
Nevada $1,040 $172 19.8%
New Hampshire $626 -$242 -27.9%
New Jersey $970 $102 11.8%
New Mexico $770 -$98 -11.3%
New York $916 $48 5.5%
North Carolina $500 -$368 -42.4%
North Dakota $710 -$158 -18.2%
Ohio $602 -$266 -30.6%
Oklahoma $892 $24 2.8%
Oregon $796 -$72 -8.3%
Pennsylvania $830 -$38 -4.4%
Rhode Island $1,160 $292 33.6%
South Carolina $786 -$82 -9.4%
South Dakota $734 -$134 -15.4%
Tennessee $762 -$106 -12.2%
Texas $1,046 $178 20.5%
Utah $644 -$224 -25.8%
Vermont $594 -$274 -31.6%
Virginia $522 -$346 -39.9%
Washington $672 -$196 -22.6%
West Virginia $796 -$72 -8.3%
Wisconsin $602 -$266 -30.6%
Wyoming $774 -$94 -10.8%

View Chart as Image

Toyota Matrix insurance rates by U.S. city

Choosing higher comprehensive and collision insurance deductibles can save as much as $180 a year, whereas buying more liability protection will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 extra every 12 months. View Rates by Deductible or Liability Limit

Insurance Rates by Trim Level and Model Year

Toyota Matrix Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Toyota Matrix 2WD $838 $70
Toyota Matrix S 2WD $878 $73
Toyota Matrix S AWD $878 $73
Toyota Matrix XRS 2WD $878 $73

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.

Toyota Matrix Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2010 Toyota Matrix $134 $182 $468 $942
2009 Toyota Matrix $132 $178 $460 $928
2008 Toyota Matrix $130 $168 $452 $908
2007 Toyota Matrix $120 $160 $446 $884
2006 Toyota Matrix $116 $152 $442 $868

Rates are averaged for all Toyota Matrix models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find the Best Cheap Toyota Matrix Insurance

Getting lower rates on auto insurance takes being a good driver, having a positive credit history, eliminating unnecessary coverage, and consideration of higher deductibles. Compare rates every couple of years by getting rate quotes from direct carriers, and also from several local insurance agents.

The following list is a quick review of the material that was covered above.

  • Consumers who may need an increased level of liability coverage will pay approximately $490 each year to raise limits from a low limit to the 250/500 level
  • Drivers age 16 to 20 are the costliest to insure, with premiums as much as $301 a month if full coverage is purchased
  • Drivers with a DUI or reckless driving violation pay on average $1,000 more every year than a safer driver
  • Increasing physical damage deductibles can save approximately $175 each year

Rates by Driver Age

Toyota Matrix Insurance Rates by Driver Age
Driver Age Premium
16 $3,614
20 $1,998
30 $876
40 $868
50 $798
60 $782

Full coverage, $500 deductibles

Rates by Deductible

Toyota Matrix Insurance Rates with Different Deductibles
Deductible Premium
$100 $984
$250 $932
$500 $868
$1,000 $806

Full coverage, driver age 40

Rates by Liability Limit

Toyota Matrix Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $868
50/100 $966
100/300 $1,077
250/500 $1,364
100 CSL $1,011
300 CSL $1,254
500 CSL $1,431

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Matrix Insurance Rates for High Risk Drivers
Age Premium
16 $5,062
20 $3,180
30 $1,874
40 $1,868
50 $1,790
60 $1,772

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $115

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $43
Multi-vehicle $47
Homeowner $16
5-yr Accident Free $50
5-yr Claim Free $53
Paid in Full/EFT $29
Advance Quote $37
Online Quote $57
Total Discounts $332
Rate after discounts $536

Discounts are estimated and may not be available from every company or in every state.

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