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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Average insurance rates for a Toyota Matrix are $884 a year for full coverage. Comprehensive costs an estimated $120, collision insurance costs $160, and liability is estimated at $446. Buying just liability costs approximately $500 a year, and insurance for high-risk drivers costs around $1,908. Teenage drivers receive the highest rates at up to $3,672 a year.

Average premium for full coverage: $884

Rate estimates broken down by individual coverage type:

Comprehensive $120
Collision $160
Liability $446

Prices are based on $500 deductibles, liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates are averaged for all states and for all Matrix models.

Price Range by Coverage and Risk

For a 40-year-old driver, prices range range from the low end price of $500 for just the minimum liability insurance to the much higher price of $1,908 for a driver that may need high-risk insurance.

Liability Only $500
Full Coverage $884
High Risk $1,908

Price Range by Location

Living in a larger city can have significant affects on insurance rates. More rural locations tend to have lower incidents of accident claims than densely populated cities. The example below illustrates how your location can change insurance prices.

Rural Areas $663
Small Cities $928
Large Cities $1,193

These examples show why everyone should get quotes for a targeted area, 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.

Additional Rate Analysis

The chart below shows average Toyota Matrix insurance rates for other coverage scenarios.

  • The best discount rate is $545
  • Choosing higher $1,000 deductibles can save approximately $64 a year
  • The estimated price for a 40-year-old driver who has $500 deductibles is $884
  • Using pricier low deductibles for comp and collision coverage bumps up the cost to $1,006
  • Unlucky drivers who are prone to accidents and violations could pay up to $1,908
  • The cost that insures a teen driver for full coverage can cost as much as $3,672 each year

View Chart as Image

Toyota Matrix insurance cost comparison chart
Column chart showing Toyota Matrix insurance rates range from $545 to $3,672 for full coverage

Auto insurance rates for a Toyota Matrix can also vary considerably based on the model of your Matrix, how you drive, and liability limits and deductibles.

If you like to drive fast or you caused an accident, you could be paying $1,100 to $1,500 in extra premium per year, depending on your age. Toyota Matrix insurance for high-risk drivers ranges as much as 41% to 138% more than a normal policy. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles may pay as little as $800 annually on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will have to pay at least $3,600 a year. View Rates by Age

Where you live plays a big part in determining prices for Toyota Matrix insurance prices. A good driver about age 40 could pay as low as $590 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,270 on average in New York, Louisiana, and Michigan.

Toyota Matrix Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $802 -$82 -9.3%
Alaska $680 -$204 -23.1%
Arizona $736 -$148 -16.7%
Arkansas $884 -$0 0.0%
California $1,010 $126 14.3%
Colorado $846 -$38 -4.3%
Connecticut $912 $28 3.2%
Delaware $1,004 $120 13.6%
Florida $1,108 $224 25.3%
Georgia $816 -$68 -7.7%
Hawaii $636 -$248 -28.1%
Idaho $598 -$286 -32.4%
Illinois $660 -$224 -25.3%
Indiana $666 -$218 -24.7%
Iowa $596 -$288 -32.6%
Kansas $842 -$42 -4.8%
Kentucky $1,210 $326 36.9%
Louisiana $1,312 $428 48.4%
Maine $548 -$336 -38.0%
Maryland $728 -$156 -17.6%
Massachusetts $710 -$174 -19.7%
Michigan $1,540 $656 74.2%
Minnesota $740 -$144 -16.3%
Mississippi $1,062 $178 20.1%
Missouri $784 -$100 -11.3%
Montana $950 $66 7.5%
Nebraska $698 -$186 -21.0%
Nevada $1,062 $178 20.1%
New Hampshire $638 -$246 -27.8%
New Jersey $992 $108 12.2%
New Mexico $784 -$100 -11.3%
New York $934 $50 5.7%
North Carolina $510 -$374 -42.3%
North Dakota $726 -$158 -17.9%
Ohio $610 -$274 -31.0%
Oklahoma $908 $24 2.7%
Oregon $812 -$72 -8.1%
Pennsylvania $846 -$38 -4.3%
Rhode Island $1,182 $298 33.7%
South Carolina $802 -$82 -9.3%
South Dakota $746 -$138 -15.6%
Tennessee $774 -$110 -12.4%
Texas $1,068 $184 20.8%
Utah $654 -$230 -26.0%
Vermont $608 -$276 -31.2%
Virginia $530 -$354 -40.0%
Washington $684 -$200 -22.6%
West Virginia $812 -$72 -8.1%
Wisconsin $614 -$270 -30.5%
Wyoming $790 -$94 -10.6%

View Chart as Image

Toyota Matrix insurance rates by U.S. city

Using high physical damage deductibles can save as much as $190 every year, whereas buying more liability protection will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $402 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 $854 $71
Toyota Matrix S 2WD $894 $75
Toyota Matrix S AWD $894 $75
Toyota Matrix XRS 2WD $894 $75

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 $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 Affordable Toyota Matrix Insurance

Saving money on car insurance takes not taking risks behind the wheel, maintaining a good credit score, eliminating unneeded coverage, and consideration of higher deductibles. Compare prices once a year by getting rate quotes from direct carriers like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following is a brief review of the data that was illustrated above.

  • Drivers can save approximately $100 per year just by quoting online well ahead of the renewal date
  • Policyholders who want higher liability limits will pay an extra $490 each year to raise limits from a minimum limit to the 250/500 level
  • Teens are the costliest to insure, costing as high as $306 per month if the policy includes full coverage
  • Higher risk drivers with DUI or reckless driving convictions may pay on average $1,020 more annually for Matrix insurance

Rates by Driver Age

Toyota Matrix Insurance Rates by Driver Age
Driver Age Premium
16 $3,672
20 $2,036
30 $894
40 $884
50 $814
60 $798

Full coverage, $500 deductibles

Rates by Deductible

Toyota Matrix Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,006
$250 $952
$500 $884
$1,000 $820

Full coverage, driver age 40

Rates by Liability Limit

Toyota Matrix Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $884
50/100 $983
100/300 $1,095
250/500 $1,385
100 CSL $1,028
300 CSL $1,273
500 CSL $1,452

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Matrix Insurance Rates for High Risk Drivers
Age Premium
16 $5,150
20 $3,244
30 $1,914
40 $1,908
50 $1,826
60 $1,808

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 $117

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $44
Multi-vehicle $48
Homeowner $16
5-yr Accident Free $51
5-yr Claim Free $54
Paid in Full/EFT $30
Advance Quote $38
Online Quote $58
Total Discounts $339
Rate after discounts $545

Discounts are estimated and may not be available from every company or in every state.

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