Toyota Matrix Insurance Rates

The average insurance prices for a Toyota Matrix are $868 every 12 months including full coverage. Comprehensive costs approximately $116, collision insurance costs $152, and liability insurance is $442. Liability-only coverage costs around $496 a year, and high-risk coverage costs around $1,868. Teenage drivers cost the most to insure at up to $3,614 a year.

Average premium for full coverage: $868

Policy rates by type of insurance:

Full coverage includes $500 policy deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 U.S. states and for different Matrix trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on car insurance prices. Rural locations are shown to have more infrequent comprehensive and collision claims than densely populated cities. The price range example below illustrates how location helps determine auto insurance prices.

The examples above highlight why anyone shopping for car insurance should compare rates quotes using their specific location and their own driving history, rather than relying on average rates.

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

More Rate Information

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

• The best discount rate is $536
• Raising to $1,000 deductibles will save $62 every year
• The average price for a good driver age 40 who chooses $500 deductibles is $868
• Using more expensive low deductibles increases the price to $984
• Higher-risk drivers who are prone to accidents and violations could pay around $1,868
• Policy cost to insure a teen driver with full coverage can cost $3,614

View Chart as Image

Insurance rates for a Toyota Matrix also range considerably based on liability limits and deductibles, your driving characteristics, and the model of your Matrix.

Using high physical damage deductibles can reduce rates by up to $180 each year, while increasing your policy's liability limits will push rates upward. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit

An older driver with no violations or accidents and higher deductibles could pay as little as $800 every 12 months on average, or $67 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared 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 likely paying anywhere from $1,000 to $1,500 additional every year, depending on your age. High-risk driver insurance is expensive and can cost anywhere from 42% to 128% more than a normal policy. View High Risk Driver Rates

Your home state also has a big influence on Toyota Matrix insurance rates. A middle-age driver might find rates 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.

View Chart as Image

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

Finding cheaper rates on Toyota Matrix insurance consists of avoiding accidents and claims, having above-average credit, paying for small claims out-of-pocket, and consideration of higher deductibles. Invest time comparing rates at every other renewal by requesting quotes from direct car insurance companies, and also from your local car insurance providers.

The points below are a summary of the concepts that were covered in the charts and tables above.

• High-risk drivers who have multiple accidents or major violations could be charged and average of $1,000 more per year to insure a Toyota Matrix
• Drivers under the age of 20 are the costliest to insure, with premiums being up to $301 each month if full coverage is included
• You may be able to save around $90 per year just by shopping early and online
• Increasing comprehensive and collision deductibles could save as much as $175 each year
• You may be able to save around $90 per year just by shopping early and online