2009 Toyota Matrix Car Insurance Cost

Sick and tired of paying out the nose to pay your car insurance bill each month? Your situation is no different than many other consumers.

With so many choices of insurance companies, it can be impossible to pick the most affordable car insurance company.

It is always a good idea to check auto insurance prices yearly because rates are adjusted regularly by insurance companies. Even if you got the lowest price on Matrix coverage a couple years back other companies may now be cheaper. So ignore everything you know about auto insurance because I’m going to teach you one of the best ways to reduce your cost while increasing coverage.

Finding Insurance

There are several ways you can shop for Toyota Matrix insurance but there is one way that is more efficient than others. You could spend the better part of a day driving to agents in your area, or you could save time and use online quotes to get prices fast.

Many popular insurance companies belong to a marketplace where insurance shoppers only type in their quote data once, and at least one company returns a rated price. This saves time by eliminating form submissions to each individual insurance company.

To compare 2009 Toyota Matrix rates now click here to start a free quote.

The single downside to using this type of form is buyers cannot specifically choose the insurers to get quotes from. If you prefer to choose specific insurance companies to receive pricing from, we have a page of companies who write insurance in your area. View list of insurance companies.

It doesn’t matter which method you choose, just be sure to compare identical coverage limits with every price quote. If your comparisons have different values for each quote it will be very difficult to decipher which rate is best. Just a small difference in coverage limits can mean a large discrepancy in price. And when quoting insurance, remember that more quotes provides better odds of finding the best price.

Verify you’re getting all your discounts

Companies that sell car insurance do not list all available discounts in an easy-to-find place, so we researched some of the more common as well as the least known insurance savings.

  • New Car Discount – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Distant Student – Youth drivers who are attending college and do not have a car can receive lower rates.
  • Drive Less and Save – Fewer annual miles on your Toyota can earn lower rates on the low mileage vehicles.
  • Government Employees – Employees or retirees of the government may qualify you for a discount on Matrix coverage depending on your company.
  • Sign Early and Save – A few companies offer discounts for switching to them before your current expiration date. It can save you around 10%.
  • Senior Discount – Older drivers may be able to get a small decrease in premiums on Matrix coverage.
  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.

It’s important to note that most credits do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like comprehensive or collision. Just because it seems like all the discounts add up to a free policy, it just doesn’t work that way.

For a list of providers offering insurance discounts, follow this link.

When should I talk to an agent?

When buying the right insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different so this has to be addressed. For instance, these questions may help you determine if you would benefit from an agent’s advice.

  • Does my medical payments coverage pay my health insurance deductible?
  • Do I need added coverage for expensive stereo equipment?
  • If my pet gets injured in an accident are they covered?
  • Can I afford to pay high deductible claims out of pocket?
  • Is extra glass coverage worth it?
  • I don’t drive much so do I pay less?
  • Can my teen driver be rated on a liability-only vehicle?
  • Where can I find DUI or SR-22 insurance?
  • Is my babysitter covered when using my vehicle?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.

Coverages available on your policy

Learning about specific coverages of a insurance policy aids in choosing the right coverages for your vehicles. Insurance terms can be ambiguous and reading a policy is terribly boring. These are the usual coverages offered by insurance companies.

Collision coverage – Collision insurance covers damage to your Matrix resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as rolling your car, sustaining damage from a pot hole and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Comprehensive protection – This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like rock chips in glass, hail damage and hitting a bird. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverages – Liability coverage will cover damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things such as loss of income, medical services, medical expenses and structural damage. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Medical expense coverage – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like nursing services, EMT expenses, hospital visits, pain medications and prosthetic devices. They can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Toyota Matrix.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Make an honest buck

Lower-priced 2009 Toyota Matrix insurance can be bought both online as well as from independent agents, and you should be comparing both to have the best rate selection. Some insurance companies don’t offer the ability to get a quote online and these smaller companies work with independent agents.

When buying insurance coverage, it’s a bad idea to reduce coverage to reduce premium. There are many occasions where an insured cut uninsured motorist or liability limits only to find out that they should have had better coverage. Your strategy should be to buy enough coverage for the lowest price while still protecting your assets.

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