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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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:

Comprehensive $116
Collision $152
Liability $442

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.

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

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.

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

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

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 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.

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 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

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 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.

Toyota Matrix Insurance Rates by Model Year
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

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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