Vehicles > Toyota > Matrix

Toyota Matrix Insurance Rates

You have lots of choices when trying to insure your Toyota vehicle. You can either contact an insurance agent or price shop online to check prices from multiple companies. Shopping for auto insurance online is simple to do and at the same time you may find lower rates.

Comparing auto insurance rates direct online is challenging if you have never used quoting online. But relax because we're going to show you how. Finding a lower price on Matrix insurance is not rocket science. You just have to take a little time to compare quotes online with multiple companies. This is very easy and can be done by completing this short form.

What influences car insurance premiums?

Insurance premiums paid to insure a Toyota Matrix can be significantly different subject to many criteria. Taken into consideration are:

  • More performance equals higher cost
  • How many accidents you have had
  • Whether you insure your home with the same company
  • How you use your vehicle
  • Special coverage such as replacement cost
  • Whether or not you have claims
  • Having current coverage saves
  • Whether you rent or own your home

One important consideration that will help determine your rates is the age of the vehicle. New vehicles have a higher replacement value compared to older Toyota models so the payout to repair may end up costing you more. On the flip side, newer vehicles have more advanced features like sideview assist mirrors, pedestrian detection, lane departure warning system, and tire pressure monitors that may help give discounted rates.

For you to have a better understanding of how much rates will be for your vehicle, select the year of your Matrix from available model years below.

Liability coverage

Matrix liability coverage can cover damages or injuries you inflict on a person or their property by causing an accident. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. This coverage is usually fairly inexpensive so buy as large an amount as possible.

Collision coverage

Collision coverage covers damage to your Toyota from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage. This coverage can be expensive, so consider removing coverage from lower value vehicles. It's also possible to increase the deductible to get cheaper Matrix insurance rates.

Comprehensive coverage

This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for expenses like doctor visits, EMT expenses, and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage.

How Much are Toyota Matrix Insurance Rates?