Toyota Matrix Insurance Rates
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Michelle Robbins
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UPDATED: Jun 3, 2023
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The average auto insurance rates for a Toyota Matrix are $868 annually including full coverage. Comprehensive costs on average $116, collision insurance costs $152, and liability costs $442. A liability-only policy costs as little as $496 a year, and high-risk insurance costs around $1,868. Teens cost the most to insure at up to $3,614 a year.
Average premium for full coverage: $868
Policy rates by type of insurance:
Price estimates include $500 physical damage insurance deductibles, 30/60 split liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and for different Matrix trim levels.
Price Range Variability
Using a 40-year-old driver as an example, Toyota Matrix insurance rates range from as cheap as $496 for just liability insurance to a much higher rate of $1,868 for a high-risk insurance policy.
Urban vs. Rural Price Range
Your location can have significant affects on car insurance rates. Rural areas are shown to have fewer comprehensive and collision claims than cities with more traffic congestion. The price range example below illustrates how rural and urban location affects car insurance rates.
The examples above highlight why anyone shopping for car insurance should compare rates based on a specific location and their own personal driving habits, instead of using averaged prices.
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 breaks down average Toyota Matrix insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $536
- Drivers who choose higher $1,000 deductibles will pay around $62 every year
- The estimated rate for a good driver age 40 with $500 deductibles is $868
- Selecting more expensive low deductibles for comprehensive and collision insurance will cost $984
- Higher-risk drivers with serious driving violations could pay upwards of $1,868
- Policy cost with full coverage for a teen driver with full coverage may cost $3,614 a year
Car insurance rates for a Toyota Matrix also range considerably based on the model year and trim level, your driving characteristics, and policy deductibles and limits.
An older driver with no driving violations and high physical damage deductibles may pay as little as $800 per year on average, or $67 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will be charged upwards of $3,600 a year. View Rates by Age
If you have a few points on your driving record or you caused a few accidents, you are likely paying at a minimum $1,000 to $1,500 extra every year, depending on your age. High-risk driver insurance can cost as much as 42% to 128% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles could save up to $180 every year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $398 extra every 12 months. View Rates by Deductible or Liability Limit
Your home state 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 Missouri, New Hampshire, and Vermont, or have to pay at least $1,240 on average in Michigan, New York, and Louisiana.
| 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% |
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 Buy Cheaper Toyota Matrix Insurance
Finding cheaper rates on car insurance not only requires being a low-risk driver, but also having a good credit score, paying for small claims out-of-pocket, and possibly raising deductibles. Set aside time to shop around at least every other year by obtaining price quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.
The items below are a condensed summary of the car insurance concepts raised in the charts and tables above.
- Higher risk drivers with multiple at-fault accidents pay on average $1,000 more each year to insure their Matrix
- You may be able to save as much as $90 per year just by shopping early and online
- Increasing comprehensive and collision deductibles could save up to $175 each year
- Policyholders who require more liability coverage will pay approximately $490 per year to go from a 30/60 limit to higher 250/500 limits
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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