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 for full coverage insurance. Comprehensive insurance costs approximately $116, collision costs $152, and liability costs $442. A policy with just liability insurance costs as little as $496 a year, with coverage for high-risk drivers costing $1,868 or more. Teens receive the highest rates at $3,614 a year or more.

Average premium for full coverage: $868

Rate estimates by individual coverage type:

Comprehensive $116
Collision $152
Liability $442

Rate estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 states and for different Matrix trim levels.

Price Range by Coverage and Risk

For the average 40-year-old driver, prices range go from the low end price of $496 for your basic liability-only policy to a much higher rate of $1,868 for a policy for a high-risk driver.

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

Price Range by Location

Your location can have significant affects on the price of auto insurance. Rural locations tend to have lower incidents of physical damage claims than cities with more traffic congestion.

The price range example below illustrates the difference location can make on auto insurance prices.

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

These examples illustrate why anyone shopping for car insurance should compare rates using their specific location, instead of using averaged prices.

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 illustrates estimated Toyota Matrix insurance rates for additional coverage and risk scenarios.

  • The cheapest rate after discounts is $536
  • Drivers who choose higher $1,000 deductibles will pay $62 each year
  • The estimated price for a 40-year-old driver who chooses $500 deductibles is $868
  • Selecting more expensive low deductibles for comprehensive and collision insurance will cost an additional $116 every year
  • Higher-risk drivers with serious driving violations could pay around $1,868 or more
  • The cost that insures a teen driver with full coverage can cost $3,614 a year

View Chart as Image

Toyota Matrix insurance cost comparison chart
Column chart showing full coverage Toyota Matrix insurance prices range from $536 to $3,614

Insurance rates for a Toyota Matrix can also vary considerably based on the model year and trim level, your age and driving record, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you are probably paying anywhere from $1,000 to $1,500 additional per year, depending on your age. High-risk driver insurance can cost as much as 42% to 128% more than the average policy. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $800 per year on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records should be prepared to pay in the ballpark of $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 $570 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,170 on average in Florida, New York, and Michigan.

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

Choosing higher comprehensive and collision insurance deductibles could save up to $180 every year, while increasing your policy's liability limits will push rates upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $398 more each year. View Rates by Deductible or Liability Limit

With so much variability in rates, the only way to figure out who has the best car insurance rates is to compare rates and see which company has the best rate. Every company calculates rates differently, and rates can be significantly different.

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 Best Toyota Matrix Insurance

Saving money on car insurance not only requires avoiding accidents and violations, but also having a good credit score, avoid buying unnecessary coverage, and qualifying for all possible discounts. Compare rates every year by requesting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from your local car insurance providers.

The list below is a brief recap of the coverage data touched on in this article.

  • It is possible to save around $90 per year simply by shopping early and online
  • Increasing deductibles can save approximately $175 each year
  • Teenagers are the costliest to insure, costing up to $301 per month if comprehensive and collision insurance is included
  • Higher risk drivers who tend to receive serious violations could be charged and average of $1,000 more per year for car insurance

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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