Toyota Matrix Insurance Rates

The average insurance rates for a Toyota Matrix are $884 a year with full coverage. Comprehensive costs approximately $120, collision costs $160, and liability insurance costs $446. Liability-only coverage costs as little as $500 a year, with high-risk coverage costing around $1,908. Teens cost the most to insure at $3,672 a year or more.

Average premium for full coverage: $884

Policy rates by type of insurance:

Prices are based on $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and for all Matrix models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on the price of insurance. Rural locations are shown to have lower incidents of collision claims than cities with more traffic congestion.

The example below illustrates how geographic area affects auto insurance prices.

The examples above demonstrate why everyone should compare rates using their specific location, rather than relying on averaged prices.

Use the form below to get customized rates for your location.

Additional Rate Details

The chart below details estimated Toyota Matrix insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $545
• Drivers who choose higher $1,000 deductibles will pay $64 annually
• The estimated price for a good driver age 40 who chooses $500 deductibles is $884
• Selecting pricier low deductibles for comprehensive and collision insurance bumps up the cost to $1,006
• High risk drivers with serious driving violations could pay around $1,908 or more
• Policy cost that insures a teen driver for full coverage can cost $3,672 a year

View Chart as Image

Insurance rates for a Toyota Matrix also range considerably based on the model of your Matrix, your age and driving habits, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you may be forking out anywhere from $1,100 to $1,500 additional every year, depending on your age. Toyota Matrix insurance for high-risk drivers can cost anywhere from 41% to 138% more than the average policy. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $800 per year on average, or $67 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records should be prepared to pay in the ballpark of $3,600 a year. View Rates by Age

Your home state makes a big difference in Toyota Matrix insurance rates. A 40-year-old driver could pay as low as $640 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,200 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could save up to $190 each year, whereas buying more liability protection will push rates upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $402 more each year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to regularly compare rates from as many companies as possible. Every company calculates rates differently, and rates will be varied.

Insurance Rates by Trim Level and Model Year

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.

How to Find Affordable Toyota Matrix Insurance

Finding cheaper rates on Toyota Matrix insurance not only requires having a decent driving record, but also having a good credit score, not filing small claims, and qualifying for all possible discounts. Compare rates at every other renewal by getting rate quotes from direct companies, and also from local insurance agencies.

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

• High-risk drivers with DUI or reckless driving convictions may have to pay on average $1,020 more per year than a driver with a clean driving record
• 16 to 18-year-old drivers are the costliest to insure, as much as $306 each month if comprehensive and collision insurance is included
• You may be able to save around $100 per year simply by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles can save approximately $175 each year
• You may be able to save around $100 per year simply by quoting online well ahead of the renewal date