Toyota Matrix Insurance Rates

U.S. average insurance prices for a Toyota Matrix are $868 every 12 months including full coverage. Comprehensive costs approximately $116 a year, collision costs $152, and liability is estimated at $442. Buying just liability costs approximately $496 a year, with insurance for high-risk drivers costing around $1,868. Teenage drivers pay the highest rates at $3,614 a year or more.

Average premium for full coverage: $868

Price estimates by individual coverage:

Full coverage includes $500 policy deductibles, bodily injury liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and Matrix trim levels.

Price Range from Low to High

Geographic Price Range

Living in a larger city can make a big difference on car insurance prices. Rural locations have more infrequent comprehensive and collision claims than densely populated cities.

The diagram below illustrates the difference location can make on auto insurance prices.

The ranges above highlight why it is important to get quotes using their specific location and their own driving history, instead of making a decision based on average rates.

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

Additional Rate Analysis

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

• The best discount rate is $536
• Choosing higher $1,000 deductibles can save $806 every year
• The average price for the average middle-age driver who chooses $500 deductibles is $868
• Using low $100 deductibles for comp and collision coverage increases the price to $984
• Higher-risk drivers who are prone to accidents and violations could pay around $1,868 or more
• The price to insure a 16-year-old driver can cost $3,614 each year

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Insurance prices for a Toyota Matrix are also quite variable based on deductibles and policy limits, your driving characteristics, and the model of your Matrix.

Using high physical damage deductibles can save as much as $180 annually, while buying higher liability limits will push prices upward. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles may pay as low as $800 annually on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay in the ballpark of $3,600 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are likely paying anywhere from $1,000 to $1,500 additional each year, depending on your age. A high-risk auto insurance policy ranges from 42% to 128% more than a normal policy. View High Risk Driver Rates

The state you live in plays a big part in determining prices for Toyota Matrix insurance prices. A good driver about age 40 could pay as low as $670 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,240 on average in Louisiana, New York, and Michigan.

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Since prices can be so different, the best way to figure out who has the best auto insurance prices is to get quotes from multiple companies. Each auto insurer uses a different method to calculate prices, and prices may be quite 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 Shop for More Affordable Toyota Matrix Insurance

Getting lower rates on insurance for a Toyota Matrix takes being a good driver, having above-average credit, being claim-free, and qualifying for all possible discounts. Make time to compare rates every other policy renewal by getting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local car insurance providers.

The following list is a summary of the ideas that were touched on in this article.

• Drivers age 16 to 20 are the costliest to insure, possibly costing $301 a month if full coverage is included
• Drivers considered higher risk who have multiple accidents or major violations could be charged and average of $1,000 more per year than a safer driver
• Increasing physical damage deductibles could save as much as $175 each year
• You may be able to save around $90 per year simply by quoting early and online