Toyota Matrix Insurance Rates
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UPDATED: Jun 3, 2023
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Estimated insurance prices for a Toyota Matrix are $884 every 12 months including full coverage. Comprehensive costs on average $120, collision costs $160, and liability costs around $446. A liability-only policy costs as low as $500 a year, with high-risk insurance costing around $1,908. Teens pay the most at $3,672 a year or more.
Average premium for full coverage: $884
Premium estimates by type of coverage:
Includes $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 U.S. states and for all Matrix models.
Insurance Price Range by Risk and Coverage
For the average driver, insurance rates for a Toyota Matrix go from the cheapest price of $500 for liability-only coverage to the much higher price of $1,908 for a high-risk driver policy.
Insurance Price Range by Location
Where you live can have significant affects on car insurance rates. Rural areas are statistically proven to have more infrequent comprehensive and collision claims than cities with more traffic congestion.
The example below illustrates how location impacts car insurance rates.
These rate differences highlight why everyone should compare prices based on a specific location and their own driving history, 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.
Additional Charts and Tables
The chart below breaks down estimated Toyota Matrix insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $545
- Using higher $1,000 deductibles will save around $64 every year
- The average price for a 40-year-old good driver with $500 deductibles is $884
- Selecting pricier low deductibles for physical damage coverage increases the price to $1,006
- Drivers with serious driving violations could pay upwards of $1,908 or more
- An auto insurance policy to insure a teen driver for full coverage may cost $3,672 or more
Auto insurance prices for a Toyota Matrix also have a wide range based on physical damage deductibles and liability limits, your driving characteristics, and the trim level of your Matrix.
Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $190 every year, whereas buying more liability protection will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will cost up to $402 extra every year. View Rates by Deductible or Liability Limit
A more mature driver with a good driving record and higher deductibles may pay as little as $800 a year, or $67 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers will have to pay upwards of $3,600 a year. View Rates by Age
If you have a few violations or you were responsible for an accident, you are likely paying at a minimum $1,100 to $1,500 in extra premium annually, depending on your age. Toyota Matrix insurance for high-risk drivers can be as much as 41% to 138% more than the average policy. View High Risk Driver Rates
Where you choose to live has a huge impact on Toyota Matrix insurance prices. A driver around age 40 might see prices as low as $680 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $1,270 on average in Michigan, New York, and Louisiana.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $802 | -$82 | -9.3% |
| Alaska | $680 | -$204 | -23.1% |
| Arizona | $736 | -$148 | -16.7% |
| Arkansas | $884 | -$0 | 0.0% |
| California | $1,010 | $126 | 14.3% |
| Colorado | $846 | -$38 | -4.3% |
| Connecticut | $912 | $28 | 3.2% |
| Delaware | $1,004 | $120 | 13.6% |
| Florida | $1,108 | $224 | 25.3% |
| Georgia | $816 | -$68 | -7.7% |
| Hawaii | $636 | -$248 | -28.1% |
| Idaho | $598 | -$286 | -32.4% |
| Illinois | $660 | -$224 | -25.3% |
| Indiana | $666 | -$218 | -24.7% |
| Iowa | $596 | -$288 | -32.6% |
| Kansas | $842 | -$42 | -4.8% |
| Kentucky | $1,210 | $326 | 36.9% |
| Louisiana | $1,312 | $428 | 48.4% |
| Maine | $548 | -$336 | -38.0% |
| Maryland | $728 | -$156 | -17.6% |
| Massachusetts | $710 | -$174 | -19.7% |
| Michigan | $1,540 | $656 | 74.2% |
| Minnesota | $740 | -$144 | -16.3% |
| Mississippi | $1,062 | $178 | 20.1% |
| Missouri | $784 | -$100 | -11.3% |
| Montana | $950 | $66 | 7.5% |
| Nebraska | $698 | -$186 | -21.0% |
| Nevada | $1,062 | $178 | 20.1% |
| New Hampshire | $638 | -$246 | -27.8% |
| New Jersey | $992 | $108 | 12.2% |
| New Mexico | $784 | -$100 | -11.3% |
| New York | $934 | $50 | 5.7% |
| North Carolina | $510 | -$374 | -42.3% |
| North Dakota | $726 | -$158 | -17.9% |
| Ohio | $610 | -$274 | -31.0% |
| Oklahoma | $908 | $24 | 2.7% |
| Oregon | $812 | -$72 | -8.1% |
| Pennsylvania | $846 | -$38 | -4.3% |
| Rhode Island | $1,182 | $298 | 33.7% |
| South Carolina | $802 | -$82 | -9.3% |
| South Dakota | $746 | -$138 | -15.6% |
| Tennessee | $774 | -$110 | -12.4% |
| Texas | $1,068 | $184 | 20.8% |
| Utah | $654 | -$230 | -26.0% |
| Vermont | $608 | -$276 | -31.2% |
| Virginia | $530 | -$354 | -40.0% |
| Washington | $684 | -$200 | -22.6% |
| West Virginia | $812 | -$72 | -8.1% |
| Wisconsin | $614 | -$270 | -30.5% |
| Wyoming | $790 | -$94 | -10.6% |
With such a large range in prices, the best way to figure out exactly what you will pay is to regularly compare prices and see which company has the best price. Each insurance company calculates prices differently, and quoted prices will be substantially different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Toyota Matrix 2WD | $854 | $71 |
| Toyota Matrix S 2WD | $894 | $75 |
| Toyota Matrix S AWD | $894 | $75 |
| Toyota Matrix XRS 2WD | $894 | $75 |
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.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2010 Toyota Matrix | $148 | $222 | $474 | $1,002 |
| 2009 Toyota Matrix | $140 | $202 | $474 | $974 |
| 2008 Toyota Matrix | $134 | $182 | $468 | $942 |
| 2007 Toyota Matrix | $132 | $178 | $460 | $928 |
| 2006 Toyota Matrix | $130 | $168 | $452 | $908 |
| 2005 Toyota Matrix | $120 | $160 | $446 | $884 |
| 2004 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 Shop for the Cheapest Toyota Matrix Insurance
Finding better rates on car insurance requires being a low-risk driver, having a good credit score, refrain from filing small claims, and taking advantage of discounts. Spend time shopping around every time your policy renews by obtaining price quotes from direct car insurance companies, and also from your local independent and exclusive agents.
The items below are a recap of the information touched on above.
- You may be able to save as much as $100 per year simply by quoting online well ahead of the renewal date
- Teen drivers are charged the highest prices, with the cost nearing $306 per month if comprehensive and collision insurance is included
- Increasing policy deductibles could save as much as $175 each year
- Higher risk drivers that have major violations or accidents may pay on average $1,020 more each year to insure their Matrix
- Policyholders who require more liability coverage will pay approximately $490 per year to increase from 30/60 bodily injury limits to a 250/500 level
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $3,672 |
| 20 | $2,036 |
| 30 | $894 |
| 40 | $884 |
| 50 | $814 |
| 60 | $798 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,006 |
| $250 | $952 |
| $500 | $884 |
| $1,000 | $820 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $884 |
| 50/100 | $983 |
| 100/300 | $1,095 |
| 250/500 | $1,385 |
| 100 CSL | $1,028 |
| 300 CSL | $1,273 |
| 500 CSL | $1,452 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $5,150 |
| 20 | $3,244 |
| 30 | $1,914 |
| 40 | $1,908 |
| 50 | $1,826 |
| 60 | $1,808 |
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 | $44 |
| Multi-vehicle | $48 |
| Homeowner | $16 |
| 5-yr Accident Free | $51 |
| 5-yr Claim Free | $54 |
| Paid in Full/EFT | $30 |
| Advance Quote | $38 |
| Online Quote | $58 |
| Total Discounts | $339 |
Discounts are estimated and may not be available from every company or in every state.
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