Why You’re Paying Too Much for Toyota Matrix Insurance

• Average Toyota Matrix insurance cost is $1,106 per year, or $92 per month for full coverage.
• Ranked fifth out of 38 other models in the 2013 small car class, car insurance rates for the Toyota Matrix cost $256 less per year than the average cost for the segment.
• The cheapest Toyota Matrix insurance is on the 2WD trim level costing an average of $1,080 per year. The most expensive trim is the S AWD at $1,122 per year.

How much does Toyota Matrix car insurance cost?

Plan on budgeting an average of $1,106 yearly to insure a 2013 Toyota Matrix, or around $92 a month. When splitting out the cost of individual coverages, comprehensive will cost approximately $240 a year, liability and medical payments insurance costs around $564, and the remaining collision insurance will cost around $302.

The bar chart below details average car insurance rates for a 2013 Toyota Matrix using different risk profiles and driver ages.

The next table details the estimated annual and 6-month policy costs, including a monthly budget amount, for each Toyota Matrix model trim level.

Other interesting facts and figures regarding Toyota Matrix insurance include:

• Your choice of occupation could earn you policy discounts. The vast majority of car insurance providers offer policy discounts for having a job in professions like lawyers, firefighters, accountants, engineers, high school and elementary teachers, and others. By qualifying for this discount, you could potentially save between $33 and $143 on your annual car insurance cost, depending on the policy coverages selected.
• Insurance for teenage drivers is expensive. Average rates for full coverage Matrix insurance costs $4,108 per year for a 16-year-old driver, $3,900 per year for a 17-year-old driver, $3,348 per year for an 18-year-old driver, and $3,106 per year for a 19-year-old driver.
• The higher deductible you choose, the lower the policy cost. Raising the comprehensive and collision deductibles from $500 to $1,000 could save around $122 per year for a 40-year-old driver and $230 per year for a 20-year-old driver.
• Low physical damage deductibles increases cost. Dropping your deductibles from $500 to $250 could cost an additional $130 per year for a 40-year-old driver and $240 per year for a 20-year-old driver.
• Driver age and gender matter. For a 2013 Toyota Matrix, a 20-year-old male driver will pay an estimated rate of $2,204 per year, while a 20-year-old woman will get a rate of $1,606, a difference of $598 per year in favor of the women by a long shot. But by age 50, the male rate is $1,002 and the rate for females is $970, a difference of only $32.
• High-risk car insurance can get expensive. For a 30-year-old driver, having too many accidents or violations increases the cost by $1,360 or more per year.

Toyota Matrix car insurance vs. other compact cars

When compared to other small car segment models, car insurance for a Toyota Matrix costs $264 less per year than the Honda Civic, $258 less than the Toyota Corolla, and $224 less than the Nissan Sentra.

The Toyota Matrix ranks fifth out of 38 comparison vehicles in the 2013 small car segment for most affordable car insurance rates. The Matrix costs an estimated $1,106 per year for insurance, while the segment median cost is $1,362 annually, a difference of $256 per year.

The following chart shows how the Matrix compares to the top-selling small cars in America like the Hyundai Elantra, Volkswagen Jetta, and the Kia Forte. A rankings table is also included following the chart that details insurance policy costs for all 38 vehicles in the 2013 small car segment.