Toyota Matrix Insurance Rates

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UPDATED: Jun 3, 2023

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Average insurance rates for a Toyota Matrix are $868 a year including full coverage. Comprehensive costs around $116 a year, collision insurance costs $152, and liability costs $442. A liability-only policy costs as little as $496 a year, and high-risk insurance costs around $1,868. 16-year-old drivers receive the highest rates at up to $3,614 a year.

Average premium for full coverage: $868

Rate estimates for individual coverage type:

Comprehensive $116
Collision $152
Liability $442

Full coverage includes $500 physical damage insurance deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 U.S. states and Matrix trim levels.

Price Range by Coverage and Risk

For an average driver, prices range range from the low end price of $496 for just the minimum liability insurance to a high of $1,868 for high-risk insurance.

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

Price Range by Location

Your location can make a big difference on the price of insurance. Areas with sparse population tend to have lower incidents of comprehensive and collision claims than congested cities. The diagram below illustrates the effect of geographic area on auto insurance rates.

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

These examples highlight why it is important to compare rates for a specific zip code, instead of making a decision based on rate averages.

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 Analysis

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

  • The best full coverage rate is $536
  • Drivers who choose higher $1,000 deductibles will pay about $806 every year
  • The estimated price for a 40-year-old driver using $500 deductibles is $868
  • Buying low $100 deductibles for comprehensive and collision insurance bumps up the cost to $984
  • Drivers with multiple tickets or accidents could pay at least $1,868
  • The cost that insures a 16-year-old driver can be $3,614 a 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

Insurance rates for a Toyota Matrix can also vary considerably based on the trim level of your Matrix, your driving record and age, and deductibles and policy limits.

If you like to drive fast or you caused an accident, you are likely paying at least $1,000 to $1,500 extra per year, depending on your age. A high-risk auto insurance policy can cost from 42% to 128% more than the average rate. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $800 per year on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records can expect to pay as much as $3,600 a year. View Rates by Age

Where you live makes a big difference in Toyota Matrix insurance prices. A 40-year-old driver could pay as low as $670 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,240 on average in Michigan, New York, and Louisiana.

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

Opting for high physical damage deductibles could save up to $180 annually, while buying higher liability limits will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $398 more per year. 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 $140 $202 $474 $974
2009 Toyota Matrix $134 $182 $468 $942
2008 Toyota Matrix $132 $178 $460 $928
2007 Toyota Matrix $130 $168 $452 $908
2006 Toyota Matrix $120 $160 $446 $884
2005 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 More Affordable Toyota Matrix Insurance

Saving money on insurance for a Toyota Matrix not only requires being a low-risk driver, but also having above-average credit, not filing small claims, and dropping full coverage on older vehicles. Comparison shop every couple of years by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The items below are a summary of the material that was covered in the above illustrations.

  • Insureds who may need more liability coverage will pay around $490 per year to go from a minimum limit to the 250/500 level
  • Teen drivers pay higher rates, as much as $301 per month if full coverage is included
  • Drivers considered higher risk who have multiple accidents or major violations may have to pay on average $1,000 more every year to insure their Matrix
  • Increasing 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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