Toyota Matrix Insurance Rates

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UPDATED: Jun 3, 2023

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The average insurance prices for a Toyota Matrix are $868 every 12 months for full coverage insurance. Comprehensive insurance costs approximately $116 each year, collision insurance costs $152, and liability costs $442. Liability-only insurance costs as little as $496 a year, and high-risk driver insurance 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:

Comprehensive $116
Collision $152
Liability $442

Prices include $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Prices are averaged for all 50 states and Matrix models.

Price Range Variability

For the normal driver, Toyota Matrix insurance rates range from the cheapest price of $496 for a discount liability-only rate to a high rate of $1,868 for a high-risk driver policy.

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

Urban vs. Rural Price Range

Your location can make a big difference on the price of auto insurance. Rural locations are shown to have more infrequent physical damage claims than cities with more traffic congestion. The graphic below illustrates how geographic area affects auto insurance prices.

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

The examples above illustrate why all drivers should compare rates using their specific location and their own driving history, instead of making a decision based on 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.

Rates by State, City, and Model

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

  • The cheapest rate after discounts is $536
  • Drivers who choose higher $1,000 deductibles will pay $62 each year
  • The average price for a good driver age 40 who chooses $500 deductibles is $868
  • Selecting low deductibles for comprehensive and collision insurance costs an extra $116 annually
  • Drivers with serious driving violations could pay around $1,868
  • Policy cost to insure a 16-year-old driver can cost $3,614 a year

View Chart as Image

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

Auto insurance rates for a Toyota Matrix also range considerably based on liability limits and deductibles, your risk profile, and the model of your Matrix.

Choosing higher comprehensive and collision insurance deductibles could save up to $180 annually, whereas increasing liability limits will push rates upward. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $398 extra every year. View Rates by Deductible or Liability Limit

More mature drivers with a good driving record and higher deductibles may pay as low as $800 per year on average, or $67 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will have 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 were responsible for an accident, you are probably paying anywhere from $1,000 to $1,500 in extra premium every year, depending on your age. Insurance for high-risk drivers can cost from 42% to 128% more than the average policy. View High Risk Driver Rates

Your home state makes a big difference in Toyota Matrix insurance prices. A 40-year-old driver could pay as low as $570 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,170 on average in Florida, New York, and Michigan.

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

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 Shop for the Right Toyota Matrix Insurance

Finding cheaper rates on insurance for a Toyota Matrix not only requires being a low-risk driver, but also having a good credit score, being claim-free, and possibly higher deductibles. Invest the time to compare rates every time your policy renews by requesting quotes from direct insurance companies, and also from local insurance agencies.

The items below are a quick rundown of the information presented in the illustrations above.

  • It is possible to save around $90 per year just by quoting online in advance
  • Teen drivers have the highest car insurance rates, possibly costing $301 each month if comprehensive and collision insurance is included
  • Increasing comprehensive and collision deductibles could save as much as $175 each year
  • Drivers considered higher risk with reckless driving or DUI convictions may have to pay on average $1,000 more per year to insure their Matrix
  • Insureds who purchase more liability coverage will pay approximately $490 annually to go from a 30/60 limit to a 250/500 level

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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