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: Aug 24, 2022

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U.S. average insurance rates for a Toyota Matrix are $868 a year for full coverage. Comprehensive costs approximately $116, collision insurance costs $152, and liability is $442. A policy with just liability insurance costs around $496 a year, and coverage for high-risk drivers costs around $1,868. Teen 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

Prices are based on $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes uninsured motorist and medical coverage. Estimates are averaged for all states and for all Matrix models.

Price Range from Low to High

For the normal driver, Toyota Matrix insurance prices range from the low end price of $496 for the bare minimum liability coverage to the much higher price of $1,868 for a driver who requires high-risk insurance.

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

Geographic Price Range

Choosing to live in a large city can have significant affects on car insurance rates. Rural locations have lower incidents of accident claims than larger metro areas. The example below illustrates how geographic area affects auto insurance prices.

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

The ranges above show why everyone should compare rates quotes using their specific location, 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.

Additional Rate Information

The chart below shows average Toyota Matrix insurance rates for additional coverage and risk scenarios.

  • The lowest rate with discounts is $536
  • Raising to $1,000 deductibles will save $62 a year
  • The estimated price for the average middle-age driver who chooses $500 deductibles is $868
  • Choosing pricier low deductibles bumps up the cost to $984
  • At-risk drivers with multiple violations and an at-fault accident could pay around $1,868
  • The price that insures a teen driver for full coverage can cost $3,614

View Chart as Image

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

Insurance prices for a Toyota Matrix are also quite variable based on the model of your Matrix, how you drive, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you could be paying anywhere from $1,000 to $1,500 extra each year, depending on your age. Toyota Matrix insurance for high-risk drivers is expensive and can cost as much as 42% to 128% more than average. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may pay as little as $800 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records can expect to pay in the ballpark of $3,600 a year. View Rates by Age

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 Iowa, Maine, and Idaho, or as much as $1,240 on average in New York, Louisiana, and Michigan.

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

Choosing high deductibles can reduce prices by up to $180 every year, whereas buying more liability protection will push prices upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 more per 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 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 $158 $244 $478 $1,038
2009 Toyota Matrix $148 $222 $474 $1,002
2008 Toyota Matrix $140 $202 $474 $974
2007 Toyota Matrix $134 $182 $468 $942
2006 Toyota Matrix $132 $178 $460 $928
2005 Toyota Matrix $130 $168 $452 $908
2004 Toyota Matrix $120 $160 $446 $884
2003 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 Affordable Toyota Matrix Insurance

Getting lower rates on car insurance consists of being a low-risk driver, having above-average credit, eliminating unnecessary coverage, and possibly raising deductibles. Shop around at every other renewal by requesting quotes from direct carriers, and also from insurance agencies where you live.

The items below are a brief review of the concepts that were presented in the illustrations above.

  • Higher risk drivers with DUI or reckless driving convictions could be forced to pay on average $1,000 more per year to insure their Matrix
  • Teen drivers are expensive to insure, with premiums as much as $301 a month if full coverage is included
  • Drivers can save around $90 per year just by quoting online well ahead of the renewal date
  • Increasing physical damage deductibles can save approximately $175 each year
  • Drivers can save around $90 per year just by quoting online well ahead of the renewal date

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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