Toyota Matrix Insurance Rates
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UPDATED: Jun 3, 2023
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Average insurance rates for a Toyota Matrix are $884 a year including full coverage. Comprehensive insurance costs an estimated $120, collision costs $160, and liability insurance costs $446. A liability-only policy costs as little as $500 a year, with high-risk insurance costing $1,908 or more. Teens receive the highest rates at $3,672 a year or more.
Average premium for full coverage: $884
Rate estimates broken down by individual coverage type:
Estimates include $500 policy deductibles, liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 U.S. states and for all Matrix models.
Price Range by Coverage and Risk
For a driver in their 40's, prices range go from as low as $500 for the bare minimum liability coverage to the much higher price of $1,908 for a driver that may need high-risk insurance.
Price Range by Location
Your location has a significant impact on the price of auto insurance. More rural locations tend to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion.
The example below illustrates how location helps determine insurance prices.
These examples highlight why everyone should compare rates for a targeted area and risk profile, rather than relying on averaged prices.
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 Information
The chart below breaks down estimated Toyota Matrix insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $545
- Drivers who choose higher $1,000 deductibles will pay approximately $64 every year
- The average rate for a 40-year-old driver who has $500 deductibles is $884
- Selecting pricier low deductibles for comprehensive and collision insurance will cost an extra $122 a year
- High risk drivers with serious driving violations could pay up to $1,908 or more
- The cost for full coverage for a teen driver for full coverage can cost as much as $3,672 a year
Insurance rates for a Toyota Matrix can also vary considerably based on your driver profile, the model of your Matrix, and liability limits and deductibles.
A more mature driver with a clean driving record and high deductibles could pay as little as $800 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers can expect to pay at least $3,600 a year. View Rates by Age
Where you live makes a big difference in Toyota Matrix insurance rates. A 40-year-old driver could pay as low as $680 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $1,270 on average in Louisiana, New York, 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% |
Choosing higher comprehensive and collision insurance deductibles could save up to $190 each year, whereas buying more liability protection will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost as much as $402 more per year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you are likely paying $1,100 to $1,500 extra per 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
With so much variability in rates, the best way to figure out which company is cheapest is to regularly compare rates from as many companies as possible. Every company calculates rates differently, so the rates can be significantly 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 Low Cost Toyota Matrix Insurance
Saving money on Toyota Matrix insurance not only requires being a good driver, but also maintaining good credit, not filing small claims, and taking advantage of discounts. Invest time comparing rates once a year by obtaining price quotes from direct car insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.
The following list is a review of the data that was covered in the charts and tables above.
- You may be able to save approximately $100 per year simply by quoting online well ahead of the renewal date
- Drivers who want an increased level of liability coverage will pay approximately $490 per year to go from a minimum limit to 250/500 limits
- Drivers age 16 to 20 are charged the highest rates, as much as $306 per month for full coverage
- High-risk drivers who have several accidents or serious violations may pay on average $1,020 more annually 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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