Toyota Matrix Insurance Rates

Estimated auto insurance rates for a Toyota Matrix are $868 annually for full coverage insurance. Comprehensive costs around $116 each year, collision costs $152, and liability is estimated at $442. Liability-only insurance costs approximately $496 a year, with high-risk driver insurance costing around $1,868. Teenage drivers pay the most at $3,614 a year or more.

Average premium for full coverage: $868

Premium estimates for type of coverage:

These estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 states and Matrix models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can make a big difference on car insurance rates. Areas with sparse population are statistically proven to have fewer physical damage claims than densely populated cities.

The graphic below illustrates how location impacts auto insurance rates.

These rate differences illustrate why all drivers should get quotes for a specific zip code and their own personal driving habits, instead of making a decision based on average rates.

Use the form below to get customized rates for your location.

Additional Charts and Tables

The chart below illustrates estimated Toyota Matrix insurance rates for additional coverage choices and driver risks.

• The best discount rate is $536
• Choosing higher $1,000 deductibles can save about $62 each year
• The estimated rate for a 40-year-old good driver using $500 deductibles is $868
• Using low deductibles for comp and collision coverage will cost $984
• Higher-risk drivers who are prone to accidents and violations could pay at least $1,868 or more
• An auto insurance policy with full coverage for a 16-year-old driver can be $3,614 each year

View Chart as Image

Insurance prices for a Toyota Matrix also have a wide range based on the model of your Matrix, your risk profile, and deductibles and policy limits.

More mature drivers with no violations or accidents and high physical damage deductibles may pay as low as $800 annually on average, or $67 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they should be prepared to pay as much as $3,600 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying at least $1,000 to $1,500 additional annually, depending on your age. Insurance for high-risk drivers ranges from 42% to 128% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can save as much as $180 annually, whereas increasing liability limits will increase prices. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 more each year. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Toyota Matrix insurance prices. A good driver about age 40 could pay as low as $570 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,170 on average in Michigan, New York, and Florida.

View Chart as Image

With such a large range in prices, the only way to figure out your exact price is to do a rate comparison from multiple companies. Each auto insurer uses a different method to calculate prices, and prices will be substantially different between companies.

Insurance Rates by Trim Level and Model Year

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.

How to Buy Cheap Toyota Matrix Insurance

Finding better rates on insurance for a Toyota Matrix takes avoiding accidents and claims, having good credit, paying for small claims out-of-pocket, and taking advantage of discounts. Spend time shopping around every other policy renewal by requesting rates from direct insurance companies, and also from several local insurance agents.

The points below are a brief summary of the ideas that were touched on above.

• Drivers under the age of 20 are charged the highest prices, with premiums being up to $301 per month if they have full coverage
• Drivers considered higher risk that tend to have accidents or serious violations pay on average $1,000 more every year to insure a Toyota Matrix
• Increasing policy deductibles could save up to $175 each year
• It is possible to save up to $90 per year simply by quoting online in advance