Toyota Matrix Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jun 3, 2023

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Estimated insurance rates for a Toyota Matrix are $868 a year with full coverage. Comprehensive costs around $116 a year, collision costs $152, and liability insurance is $442. A liability-only policy costs around $496 a year, with high-risk insurance costing around $1,868. 16-year-old drivers pay the most at $3,614 a year or more.

Average premium for full coverage: $868

Premium estimates for type of coverage:

Comprehensive $116
Collision $152
Liability $442

Estimates include $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all U.S. states and 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 basic liability insurance to a high of $1,868 for a driver who has had serious violations or accidents.

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

Insurance Price Range by Location

Choosing to live in a large city has a significant impact on insurance rates. Areas with sparse population are statistically proven to have lower incidents of collision claims than congested cities.

The diagram below illustrates how location helps determine auto insurance rates.

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

These rate differences demonstrate why it is important to compare rates quotes for a specific zip code, rather than relying on rate 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.

Rate Comparisons

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

  • The best full coverage rate is $536
  • Raising to $1,000 deductibles will save about $806 annually
  • The estimated price for a 40-year-old good driver using $500 deductibles is $868
  • Buying low $100 deductibles bumps up the cost to $984
  • Higher-risk drivers with multiple tickets or accidents could pay at least $1,868 or more
  • An auto insurance policy that insures a teen driver can be $3,614

View Chart as Image

Toyota Matrix insurance cost comparison chart
Column chart showing full coverage Toyota Matrix insurance rates range from $536 to $3,614

Auto insurance prices for a Toyota Matrix also have a wide range based on the trim level of your Matrix, your age and driving habits, and deductibles and policy limits.

If you have a few violations or you caused an accident, you may be forking out at least $1,000 to $1,500 in extra premium annually, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 42% to 128% more than the average rate. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $800 every 12 months on average, or $67 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will have to pay as much as $3,600 a year. View Rates by Age

Where you choose to live also has a big influence on Toyota Matrix insurance rates. A middle-age driver might find prices as low as $630 a year in states like New Hampshire, Ohio, and Utah, or at least $1,170 on average in Florida, Michigan, 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

Opting for high physical damage deductibles can reduce prices by up to $180 each year, while buying higher liability limits will increase prices. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $398 extra every year. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to find out your exact price is to get quotes from as many companies as possible. Every auto insurance company utilizes a different rate formula, and quoted prices will be substantially different.

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 2003 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 $148 $222 $474 $1,002
2009 Toyota Matrix $140 $202 $474 $974
2008 Toyota Matrix $134 $182 $468 $942
2007 Toyota Matrix $132 $178 $460 $928
2006 Toyota Matrix $130 $168 $452 $908
2005 Toyota Matrix $120 $160 $446 $884
2004 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 Low Cost Toyota Matrix Insurance

Finding better rates on Toyota Matrix insurance consists of being a low-risk driver, maintaining a good credit score, being claim-free, and maximizing policy discounts. Comparison shop every other policy renewal by requesting rates from direct companies, and also from your local independent and exclusive agents.

The items below are a review of the ideas that were covered in the charts and tables above.

  • Teen drivers are expensive to insure, possibly costing $301 per month if the policy includes full coverage
  • High-risk drivers who have several accidents or serious violations may pay on average $1,000 more every year to insure their Matrix
  • Increasing policy deductibles can save approximately $175 each year
  • You may be able to save up to $90 per year simply by quoting early and online

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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