Toyota Matrix Insurance Rates

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UPDATED: Jun 3, 2023

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

Average premium for full coverage: $868

Premium estimates by type of coverage:

Comprehensive $116
Collision $152
Liability $442

Price estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all 50 states and for all Matrix models.

Insurance Price Range by Risk and Coverage

For the average 40-year-old driver, insurance rates for a Toyota Matrix go from as low as $496 for a discount liability-only rate 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

Insurance Price Range by Location

Where you live can have significant affects on insurance rates. Rural areas are statistically proven to have a lower frequency of physical damage claims than larger metro areas.

The example below illustrates the difference location can make on car insurance rates.

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

These rate differences illustrate why everyone should compare prices based on a specific location and risk profile, 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.

Rates by State, City, and Model

The chart below illustrates estimated Toyota Matrix insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $536
  • Using higher $1,000 deductibles will save around $62 each year
  • The average rate for a 40-year-old good driver with $500 deductibles is $868
  • Choosing pricier low deductibles for physical damage coverage will cost an extra $116 every year
  • Drivers with multiple violations and an at-fault accident could pay upwards of $1,868 or more
  • An auto insurance policy for full coverage for a teen driver for full coverage may cost $3,614 or more

View Chart as Image

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

Car insurance prices for a Toyota Matrix also have a wide range based on your driving characteristics, the model year and trim level, and policy deductibles and limits.

A more mature driver with no driving violations and high deductibles may pay as little as $800 a year, or $67 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will be charged upwards of $3,600 a year. View Rates by Age

Where you choose to live has a huge impact on Toyota Matrix insurance prices. A driver around age 40 might see prices as low as $570 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,170 on average in Michigan, New York, and Florida.

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 could cut prices by as much as $180 every year, whereas buying more liability protection will cost you more. Switching from a 50/100 limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you are probably paying at a minimum $1,000 to $1,500 extra annually, depending on your age. Toyota Matrix insurance for high-risk drivers can be as much as 42% to 128% more than average. View High Risk Driver Rates

With such a large range in prices, the only way to figure out exactly what you will pay is to regularly compare prices and see which company has the best price. Each insurance company uses a different rate calculation, so rate quotes will be substantially different from one company to the next.

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 Cheaper Toyota Matrix Insurance

Finding better rates on car insurance requires avoiding accidents and claims, having above-average credit, paying for small claims out-of-pocket, and maximizing policy discounts. Make time to compare rates at every other renewal by requesting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The points below are a condensed summary of the concepts that were touched on in this article.

  • Higher risk drivers with multiple at-fault accidents pay an average of $1,000 more each year to insure a Toyota Matrix
  • Drivers under the age of 20 are expensive to insure, with premiums being up to $301 per month if full coverage is included
  • It is possible to save as much as $90 per year simply by quoting online well ahead of the renewal date
  • Increasing policy deductibles can save around $175 each year
  • It is possible to save as much as $90 per year simply 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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