Toyota Matrix Insurance Rates
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UPDATED: Jun 3, 2023
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The average insurance rates for a Toyota Matrix are $868 a year for full coverage insurance. Comprehensive costs an estimated $116, collision insurance costs $152, and liability is $442. Liability-only coverage costs around $496 a year, and high-risk coverage costs around $1,868. 16-year-old drivers cost the most to insure at up to $3,614 a year.
Average premium for full coverage: $868
Policy rates broken down by type of insurance:
Estimates include $500 policy deductibles, 30/60 liability coverage, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 states and for all Matrix models.
Price Range Variability
For the normal driver, Toyota Matrix insurance rates range from as low as $496 for basic liability insurance to the much higher price of $1,868 for a policy for a high-risk driver.
Urban vs. Rural Price Range
Choosing to live in a large city can make a big difference on the price of insurance. More rural locations are shown to have a lower frequency of physical damage claims than congested cities. The example below illustrates how geographic area affects insurance prices.
The examples above illustrate why everyone should compare rates quotes for a targeted area and risk profile, 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.
Rate Comparisons
The chart below illustrates average Toyota Matrix insurance rates for other coverage scenarios.
- The best full coverage rate is $536
- Raising to $1,000 deductibles will save approximately $62 each year
- The average rate for a good driver age 40 who has $500 deductibles is $868
- Buying pricier low deductibles will increase the cost to $984
- Drivers with multiple tickets or accidents could pay up to $1,868
- Policy cost for full coverage for a 16-year-old driver for full coverage can cost as much as $3,614
Insurance rates for a Toyota Matrix also range considerably based on your risk profile, the model year and trim level, and liability limits and deductibles.
A more mature driver with no violations or accidents and high deductibles may pay as low as $800 every 12 months on average, or $67 per month, for full coverage. Rates are highest for teenagers, where even good drivers should be prepared to pay at least $3,600 a year. View Rates by Age
Your home state also has a big influence on Toyota Matrix insurance prices. A middle-age driver might find rates as low as $570 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,170 on average in Florida, New York, and Michigan.
| 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% |
Opting for high physical damage deductibles can reduce rates by up to $180 annually, whereas buying more liability protection will increase premiums. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you are probably paying $1,000 to $1,500 additional every year, depending on your age. Toyota Matrix insurance for high-risk drivers is expensive and can cost from 42% to 128% more than the average rate. View High Risk Driver Rates
Insurance Rates by Trim Level and Model Year
| 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 2003 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.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2010 Toyota Matrix | $158 | $244 | $478 | $1,038 |
| 2009 Toyota Matrix | $148 | $222 | $474 | $1,002 |
| 2008 Toyota Matrix | $140 | $202 | $474 | $974 |
| 2007 Toyota Matrix | $134 | $182 | $468 | $942 |
| 2006 Toyota Matrix | $132 | $178 | $460 | $928 |
| 2005 Toyota Matrix | $130 | $168 | $452 | $908 |
| 2004 Toyota Matrix | $120 | $160 | $446 | $884 |
| 2003 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 Low Cost Toyota Matrix Insurance
Finding cheaper rates on insurance for a Toyota Matrix consists of being a good driver, having a good credit history, being claim-free, and possibly raising deductibles. Invest the time to compare rates every year by requesting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.
The following list is a review of the coverage data presented in the illustrations above.
- It is possible to save approximately $90 per year just by quoting online well ahead of the renewal date
- Increasing comprehensive and collision deductibles can save around $175 each year
- Drivers age 16 to 20 are expensive to insure, possibly costing $301 each month including comprehensive and collision insurance
- Drivers considered higher risk who have several accidents or serious violations pay on average $1,000 more annually than a safer driver
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $984 |
| $250 | $932 |
| $500 | $868 |
| $1,000 | $806 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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