Toyota Matrix Insurance Rates

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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 including full coverage. Comprehensive insurance costs approximately $116 a year, collision insurance costs $152, and liability costs $442. Liability-only coverage costs as little 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

Price estimates include $500 physical damage deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 U.S. states and Matrix trim levels.

Price Range from Low to High

For an average driver, Toyota Matrix insurance prices range from as low as $496 for a discount liability-only rate to a high of $1,868 for a high-risk driver policy.

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

Geographic Price Range

Your location can make a big difference on car insurance prices. Rural locations have a lower frequency of comprehensive and collision claims than densely populated cities. The diagram below illustrates the effect of geographic area on auto insurance prices.

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

The ranges above highlight why it is important to compare rates using their specific location and risk profile, instead of making a decision based on 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.

Rates by State, City, and Model

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

  • The best discount rate is $536
  • Drivers who choose higher $1,000 deductibles will pay $806 every year
  • The average rate for the average middle-age driver who chooses $500 deductibles is $868
  • Using low $100 deductibles for comprehensive and collision insurance will cost an extra $116 annually
  • Drivers who are prone to accidents and violations could pay around $1,868
  • The price for full coverage for a 16-year-old driver can cost $3,614 a year

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 your driving record, the model of your Matrix, and physical damage deductibles and liability limits.

Older drivers with a good driving record and high deductibles may pay as low as $800 per year on average for full coverage. Prices are much higher for teenage drivers, where even good drivers will have to pay in the ballpark of $3,600 a year. View Rates by Age

The state you live in makes a big difference in Toyota Matrix insurance prices. A 40-year-old driver could pay as low as $670 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,240 on average in Louisiana, 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

Using high physical damage deductibles could save up to $180 annually, while buying higher liability limits will push prices upward. Changing from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are likely paying anywhere from $1,000 to $1,500 in extra premium each year, depending on your age. A high-risk auto insurance policy can cost from 42% to 128% more than a normal policy. 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 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 Cheaper Toyota Matrix Insurance

Getting lower rates on insurance for a Toyota Matrix not only requires being a safe and courteous driver, but also having good credit, being claim-free, and possibly higher deductibles. Take the time to compare rates every time your policy renews by obtaining price quotes from direct car insurance companies like Progressive and GEICO, and also from insurance agencies where you live.

Below is a condensed summary of the information covered in the above illustrations.

  • You may be able to save around $90 per year just by quoting early and online
  • Teenage drivers have the highest car insurance prices, possibly costing $301 a month if they have full coverage
  • Increasing physical damage deductibles can save around $175 each year
  • Drivers considered higher risk with multiple at-fault accidents could be forced to pay on average $1,000 more per year for auto insurance
  • Insureds who purchase higher levels of liability will pay an extra $490 per year to go from a low limit to 250/500 limits

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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