Toyota Matrix Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jun 3, 2023

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U.S. average insurance rates for a Toyota Matrix are $868 a year with full coverage. Comprehensive insurance costs approximately $116, collision insurance costs $152, and liability coverage costs around $442. Liability-only coverage costs as low as $496 a year, and high-risk coverage costs $1,868 or more. Teenage drivers pay the highest rates at up to $3,614 a year.

Average premium for full coverage: $868

Price estimates by individual coverage:

Comprehensive $116
Collision $152
Liability $442

Includes $500 deductible amounts, split liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all U.S. states and for all Matrix models.

Price Range from Low to High

For the normal driver, Toyota Matrix insurance prices range from the low end price of $496 for your basic liability-only policy to the much higher price of $1,868 for coverage for higher-risk drivers.

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

Geographic Price Range

Where you live has a large influence on the price of insurance. Rural locations have lower incidents of collision claims than densely populated cities. The example below illustrates how geographic area affects auto insurance prices.

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

The ranges above demonstrate why everyone should compare prices using their specific location, rather than using average rates.

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.

More Rate Information

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

  • The best discount rate is $536
  • Using higher $1,000 deductibles will save $62 annually
  • The estimated price for the average middle-age driver who chooses $500 deductibles is $868
  • Using pricier low deductibles for physical damage coverage will cost an additional $116 each year
  • Higher-risk drivers who are prone to accidents and violations could pay around $1,868
  • The price that insures a teenage driver for full coverage can cost $3,614 or more

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 prices for a Toyota Matrix are also quite variable based on the model of your Matrix, your age and driving habits, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you may be forking out anywhere from $1,000 to $1,500 in extra premium each year, depending on your age. Toyota Matrix insurance for high-risk drivers can be around 42% to 128% more than a normal policy. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles may only pay around $800 a year for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay in the ballpark of $3,600 a year. View Rates by Age

The state you live in has a huge impact on Toyota Matrix insurance rates. A driver around age 40 might see prices as low as $630 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,170 on average in New York, Michigan, and Florida.

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

Using high physical damage deductibles could cut prices by as much as $180 a year, whereas buying more liability protection will push prices upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 extra every 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 the Cheapest Toyota Matrix Insurance

Getting lower rates on auto insurance requires having a good driving record, maintaining a good credit score, avoid buying unnecessary coverage, and possibly higher deductibles. Compare prices at least once a year by getting rate quotes from direct companies, and also from local insurance agencies.

The next list is a recap of the primary concepts that were presented in the illustrations above.

  • You may be able to save around $90 per year just by quoting online well ahead of the renewal date
  • Drivers that have major violations or accidents may have to pay on average $1,000 more per year to buy Toyota Matrix insurance
  • Increasing physical damage deductibles can save approximately $175 each year
  • Drivers age 20 and younger have the highest car insurance prices, costing up to $301 a month if the policy includes full coverage

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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