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Toyota Matrix Insurance Cost

There are many options when shopping for car insurance for your Toyota vehicle. You can buy direct from an agent or go online to compare rates from multiple insurance companies. Shopping for auto insurance on the web can be fast and easy and there is a good chance you can save money.

If shopping for auto insurance online is new to you, you can be overwhelmed by the hoards of online companies offering insurance. Lowering your Matrix insurance rates isn't really that difficult. You just need to take a few minutes getting comparison quotes provided by online insurance companies. This is very easy and can be done by comparing rates here.

Car insurance premiums paid to insure a Toyota Matrix can be significantly different depending on several factors. Some of these factors include:

  • Higher performance Matrix vehicles cost more
  • How many accidents you have had
  • Whether you insure your home with the same company
  • How you use your vehicle
  • Your birth date
  • Whether you are married
  • Extra coverages like towing and rental
  • Your claim history
  • No coverage lapses saves money
  • Whether you own your home

An additional factor that will help determine Matrix insurance cost is the year of the vehicle. Newer models have a higher replacement value than older models so the cost to replace them may end up costing you more. Conversely, newer vehicles may have safety features such as a telematics system, blind-spot warning system, and sideview assist mirrors that may help lower rates.

To get a better idea how much rates will be for your vehicle, select the year of your Matrix below.

Liability car insurance

This coverage can cover damage that occurs to a person or their property by causing an accident. Liability coverage protects against things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Coverage is generally pretty cheap so you should buy as large an amount as possible.

Collision insurance

Collision coverage covers damage to your Toyota from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Comprehensive auto insurance

This pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage. The highest amount you'll receive from a claim is the ACV or actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they either are underinsured or have no liability coverage at all. Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Coverage for medical expenses

Coverage for medical payments and/or PIP pay for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay.

How Much are Toyota Matrix Insurance Rates?