Toyota Matrix Insurance Rates
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Michelle Robbins
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UPDATED: Jun 3, 2023
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Estimated insurance rates for a Toyota Matrix are $868 a year for full coverage. Comprehensive insurance costs on average $116, collision costs $152, and liability insurance costs around $442. Liability-only insurance costs as low as $496 a year, with high-risk driver insurance costing $1,868 or more. Teen drivers pay the most at $3,614 a year or more.
Average premium for full coverage: $868
Premium estimates by type of coverage:
Full coverage includes $500 deductible amounts, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and for different Matrix trim levels.
Insurance Price Range by Risk and Coverage
For a driver in their 40's, insurance rates for a Toyota Matrix go from the low end price of $496 for just the minimum liability insurance to a much higher rate of $1,868 for a high-risk driver policy.
Insurance Price Range by Location
Where you live has a significant impact on car insurance rates. Rural areas are statistically proven to have lower incidents of accident claims than larger metro areas.
The price range example below illustrates how location helps determine car insurance rates.
These rate differences show why anyone shopping for car insurance should compare prices based on a specific location, rather than relying on 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.
Additional Rate Analysis
The chart below shows estimated Toyota Matrix insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $536
- Using higher $1,000 deductibles will save around $62 a year
- The estimated price for a 40-year-old good driver with $500 deductibles is $868
- Choosing more expensive low deductibles for physical damage coverage will cost an additional $116 a year
- Drivers with multiple violations and an at-fault accident could pay upwards of $1,868 or more
- An auto insurance policy that insures a teen driver with full coverage may cost $3,614 or more
Insurance prices for a Toyota Matrix also have a wide range based on the model year and trim level, how you drive, and policy deductibles and limits.
If you have a few violations or you caused an accident, you could be paying at a minimum $1,000 to $1,500 additional annually, depending on your age. High-risk driver insurance can be anywhere from 42% to 128% more than average. View High Risk Driver Rates
An older driver with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $800 a year, or $67 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records should be prepared to pay upwards of $3,600 a year. View Rates by Age
Where you choose to live has a huge impact on Toyota Matrix insurance rates. A driver around age 40 might see prices as low as $570 a year in states like Idaho, Maine, and Iowa, or as much as $1,240 on average in Michigan, Louisiana, and New York.
| 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% |
Choosing high deductibles could cut prices by as much as $180 each year, while increasing your policy's liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $398 more each year. View Rates by Deductible or Liability Limit
With such a large range in prices, the only way to know exactly what you will pay is to compare prices from as many companies as possible. Each insurance company uses a different rate calculation, and prices will be substantially 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 Find More Affordable Toyota Matrix Insurance
Finding better rates on Toyota Matrix insurance requires having a good driving record, having a good credit score, not filing small claims, and insuring your home and auto with the same company. Shop around every time your policy renews by requesting rates from direct carriers, and also from local exclusive and independent agents.
The next list is a summary of the information covered in the charts and tables above.
- Drivers can save as much as $90 per year simply by shopping early and online
- Drivers age 20 and younger pay higher prices, as much as $301 per month if comprehensive and collision insurance is included
- Increasing policy deductibles can save approximately $175 each year
- High-risk drivers who have multiple accidents or major violations may pay on average $1,000 more each year to buy Toyota Matrix insurance
- Drivers who require increased levels of liability coverage will pay about $490 each year to increase from 30/60 bodily injury limits to the 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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