Toyota Matrix Insurance Rates
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UPDATED: Jun 3, 2023
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U.S. average insurance rates for a Toyota Matrix are $884 a year for full coverage. Comprehensive costs an estimated $120 a year, collision costs $160, and liability is $446. A policy with just liability insurance costs around $500 a year, with coverage for high-risk drivers costing around $1,908. Teenage drivers pay the highest rates at $3,672 a year or more.
Average premium for full coverage: $884
Price estimates broken down by individual coverage:
Price estimates include $500 deductible amounts, 30/60 liability coverage, and includes both medical and uninsured motorist insurance. Estimates are averaged for all states and Matrix trim levels.
Price Range from Low to High
For the average driver, Toyota Matrix insurance prices go from as low as $500 for minimum levels of liability insurance to a high of $1,908 for a policy for a high-risk driver.
Geographic Price Range
Choosing to live in a large city can have significant affects on insurance rates. More rural locations have a lower frequency of accident claims than densely populated cities.
The diagram below illustrates how location impacts insurance prices.
The ranges above show why it is important to compare rates quotes for a targeted area and risk profile, 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 Details
The chart below shows estimated Toyota Matrix insurance rates for other coverage scenarios.
- The best discount rate is $545
- Raising to $1,000 deductibles will save approximately $820 a year
- The average rate for the average middle-age driver who has $500 deductibles is $884
- Using low $100 deductibles will increase the cost to $1,006
- At-risk drivers who are prone to accidents and violations could pay up to $1,908 or more
- The price for full coverage for a teen driver can cost as much as $3,672
Insurance prices for a Toyota Matrix are also quite variable based on your driving record, the trim level of your Matrix, and liability limits and deductibles.
Older drivers with a clean driving record and high deductibles may pay as little as $800 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even good drivers can expect to pay at least $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 $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.
| 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% |
Using high physical damage deductibles can reduce prices by up to $190 every year, while buying higher liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $402 more per year. View Rates by Deductible or Liability Limit
If you have some driving violations or tend to cause accidents, you could be paying $1,100 to $1,500 extra each year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 41% to 138% more than a normal policy. View High Risk Driver Rates
Since prices can be so different, the only way to know which car insurance is cheapest is to get quotes and see which company has the best price. Every auto insurance company uses a different method to calculate prices, so the prices may be quite different from one company to the next.
Insurance Rates by Trim Level and Model Year
| 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.
| 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 Cheaper Toyota Matrix Insurance
Getting lower rates on car insurance consists of having a good driving record, maintaining good credit, eliminating unnecessary coverage, and taking advantage of discounts. Spend time shopping around every year by quoting rates from direct carriers like Progressive and GEICO, and also from local independent and exclusive agents.
The next list is a condensed summary of the coverage data touched on above.
- Drivers can save approximately $100 per year simply by quoting early and online
- Increasing physical damage deductibles can save around $175 each year
- Drivers age 20 and younger are charged the highest prices, with premiums as much as $306 a month for full coverage
- Higher risk drivers with multiple at-fault accidents pay an average of $1,020 more annually to buy Toyota Matrix insurance
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,006 |
| $250 | $952 |
| $500 | $884 |
| $1,000 | $820 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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