Toyota Matrix Insurance Rates
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UPDATED: Jun 3, 2023
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The average insurance prices for a Toyota Matrix are $884 every 12 months for full coverage insurance. Comprehensive insurance costs around $120 a year, collision insurance costs $160, and liability coverage is estimated at $446. Buying just liability costs approximately $500 a year, and insurance for high-risk drivers costs $1,908 or more. Teen drivers cost the most to insure at up to $3,672 a year.
Average premium for full coverage: $884
Policy rates for type of insurance:
Full coverage includes $500 policy deductibles, liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 states and Matrix trim levels.
Price Range Variability
Using a 40-year-old driver as an example, Toyota Matrix insurance rates range from the cheapest price of $500 for minimum levels of liability insurance to a high of $1,908 for a driver that may need high-risk insurance.
Urban vs. Rural Price Range
Living in a larger city has a large influence on car insurance rates. Areas with sparse population are shown to have more infrequent physical damage claims than larger metro areas. The diagram below illustrates how rural and urban location affects auto insurance rates.
The examples above illustrate why it is important to get quotes for a specific zip code and their own driving history, rather than 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 Details
The chart below illustrates average Toyota Matrix insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $545
- Choosing higher $1,000 deductibles can save about $820 each year
- The average price for a good driver age 40 using $500 deductibles is $884
- Choosing low $100 deductibles for comp and collision coverage costs an extra $122 each year
- Drivers with multiple violations and an at-fault accident could pay at least $1,908
- Policy cost to insure a teenage driver can be $3,672 each year
Insurance rates for a Toyota Matrix also range considerably based on liability limits and deductibles, your risk profile, and the trim level and model year.
Choosing high deductibles can save as much as $190 a year, while buying higher liability limits will increase rates. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $402 more per year. View Rates by Deductible or Liability Limit
Older drivers with a clean driving record and higher deductibles may only pay around $800 annually on average, or $67 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers can expect to pay as much as $3,600 a year. View Rates by Age
If you have a few points on your driving record or you were responsible for an accident, you are probably paying at least $1,100 to $1,500 extra every year, depending on your age. A high-risk auto insurance policy ranges around 41% to 138% more than average. View High Risk Driver Rates
Your home state plays a big part in determining prices for Toyota Matrix insurance rates. A good driver about age 40 could pay as low as $580 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,200 on average in Michigan, New York, and Florida.
| 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% |
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 Shop for More Affordable Toyota Matrix Insurance
Finding cheaper rates on auto insurance takes being a good driver, having good credit, being claim-free, and dropping full coverage on older vehicles. Set aside time to shop around once a year by getting rate quotes from direct insurance companies, and also from your local independent and exclusive agents.
The following list is a summary of the data that was raised in the charts and tables above.
- It is possible to save up to $100 per year just by quoting early and online
- Consumers who may need an increased level of liability coverage will pay about $490 annually to raise limits from a 30/60 limit to a 250/500 level
- Drivers age 16 to 20 pay higher rates, possibly costing $306 each month if they have full coverage
- Drivers who have multiple accidents or major violations may pay on average $1,020 more every year than a safer driver
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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