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 for full coverage. Comprehensive insurance costs on average $116, collision insurance costs $152, and liability is estimated at $442. Liability-only coverage costs approximately $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

Rate estimates include $500 physical damage insurance deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Estimates are averaged for all states and for different Matrix trim levels.

Price Range from Low to High

For a driver in their 40's, Toyota Matrix insurance prices range from the low end price of $496 for just liability insurance to a much higher rate of $1,868 for high-risk insurance.

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

Geographic Price Range

Living in a larger city can have significant affects on car insurance rates. Rural areas have lower incidents of accident claims than densely populated cities. The price range example below illustrates how location helps determine car insurance rates.

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

The ranges above show why anyone shopping for car insurance should get quotes based on a specific location, instead of using 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.

More Rate Details

The chart below shows average Toyota Matrix insurance rates for different risk profiles and scenarios.

  • The best discount rate is $536
  • Choosing higher $1,000 deductibles can save around $62 a year
  • The estimated price for the average middle-age driver with $500 deductibles is $868
  • Using more expensive low deductibles for comp and collision coverage will cost an additional $116 every year
  • Unlucky drivers who are prone to accidents and violations could pay upwards of $1,868
  • The price that insures a teen driver with full coverage may cost $3,614 each 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 the model year and trim level, how you drive, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you could be paying at a minimum $1,000 to $1,500 in extra premium each year, depending on your age. High-risk driver insurance ranges as much as 42% to 128% more than a normal policy. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may pay as little as $800 annually on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay upwards of $3,600 a year. View Rates by Age

The state you live in 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 Idaho, Maine, and Iowa, or be forced to pay as much as $1,240 on average in Michigan, Louisiana, and New York.

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 can save as much as $180 every 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 increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit

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 the Best Toyota Matrix Insurance

Getting lower rates on car insurance takes being a low-risk driver, maintaining a good credit score, eliminating unnecessary coverage, and deciding if full coverage is necessary. Compare prices every couple of years by getting quotes from direct carriers, and also from local exclusive and independent agents.

The items below are a brief recap of the material that was covered in the charts and tables above.

  • Policyholders who require more liability coverage will pay an extra $490 each year to raise limits from a low limit to the 250/500 level
  • Teen drivers are charged the highest prices, with premiums as much as $301 a month if the policy includes full coverage
  • Higher risk drivers who tend to receive serious violations may pay on average $1,000 more each year to insure their Matrix
  • Increasing physical damage deductibles can save approximately $175 each year

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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