Toyota Matrix Insurance Rates
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UPDATED: Jun 3, 2023
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U.S. average insurance prices for a Toyota Matrix are $868 every 12 months for full coverage insurance. Comprehensive costs on average $116 a year, collision costs $152, and liability is $442. Liability-only coverage costs around $496 a year, with high-risk coverage costing around $1,868. Teen drivers pay the highest rates at $3,614 a year or more.
Average premium for full coverage: $868
Price estimates by individual coverage:
Includes $500 policy deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 states and Matrix trim levels.
Price Range from Low to High
For the average driver, Toyota Matrix insurance prices go from the cheapest price of $496 for a discount liability-only rate to a high of $1,868 for a high-risk insurance policy.
Geographic Price Range
Choosing to live in a large city can have significant affects on insurance rates. Rural areas have more infrequent physical damage claims than larger metro areas.
The diagram below illustrates how location impacts car insurance rates.
The ranges above illustrate why it is important to compare rates quotes based on a specific location and their own driving history, instead of using price 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.
Rates by State, City, and Model
The chart below illustrates estimated Toyota Matrix insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $536
- Raising to $1,000 deductibles will save around $806 each year
- The average price for the average middle-age driver with $500 deductibles is $868
- Choosing low $100 deductibles increases the price to $984
- At-risk drivers with multiple violations and an at-fault accident could pay upwards of $1,868 or more
- The price to insure a teen driver may cost $3,614
Auto insurance prices for a Toyota Matrix are also quite variable based on deductibles and policy limits, your risk profile, and the trim level of your Matrix.
Choosing high deductibles can reduce prices by up to $180 every year, while buying higher liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit
Older drivers with a good driving record and higher deductibles may pay as little as $800 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers will have to pay upwards of $3,600 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you are probably paying at a minimum $1,000 to $1,500 in extra premium each year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 42% to 128% more than average. View High Risk Driver Rates
The state you live in also has a big influence on Toyota Matrix insurance prices. A middle-age driver might find prices as low as $570 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,170 on average in Michigan, New York, and Florida.
| 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% |
Since prices can be so different, the only way to figure out exactly what you will pay is to get quotes and see which company has the best price. Every auto insurance company uses a different rate calculation, and quoted prices may be quite different.
Insurance Rates by Trim Level and Model Year
| 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.
| 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 Shop for the Cheapest Toyota Matrix Insurance
Getting lower rates on car insurance consists of being safe and accident-free, having a good credit score, not filing small claims, and taking advantage of discounts. Spend time shopping around at least every other year by quoting rates from direct insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.
Below you'll find a recap of the car insurance concepts touched on above.
- Higher risk drivers that have major violations or accidents pay on average $1,000 more each year than a low-risk driver
- It is possible to save as much as $90 per year simply by quoting early and online
- Increasing physical damage deductibles could save as much as $175 each year
- Policyholders who require more liability protection will pay about $490 annually to raise from a low limit to a 250/500 level
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $984 |
| $250 | $932 |
| $500 | $868 |
| $1,000 | $806 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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