2010 Toyota Matrix Car Insurance Cost

Looking for better car insurance rates for your Toyota Matrix? Expensive car insurance can drain your personal savings, especially in this economy. Shopping your coverage around is free and is an excellent way to make sure you’re not throwing money away. Companies like Allstate, Liberty Mutual and State Farm promote their brand names with ad campaigns and consumers find it hard to avoid their marketing magic and do the work needed to find the best deal.

Consumers need to compare rates on a regular basis because rates are rarely the same from one policy term to another. Just because you had the best deal for Matrix insurance a few years ago you may be paying too much now. So just block out anything you think you know about car insurance because it’s time to teach you how to quote online to find lower rates on car insurance.

These discounts can slash insurance rates

Car insurance companies don’t always list all their discounts very clearly, so we researched both the well known and the more hidden discounts you could be receiving. If you’re not getting every credit available, you are throwing money away.

  • Passive Restraints – Cars that have air bags can get savings of up to 25% or more.
  • Clubs and Organizations – Being a member of a qualifying organization could trigger savings when shopping for insurance for Matrix insurance.
  • Student in College – Youth drivers who are attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Multiple Policy Discount – When you have multiple policies with one company you will save at least 10% off all policies.
  • Defensive Driver – Taking a course in driver safety could save 5% or more and easily recoup the cost of the course.
  • Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Discount for New Cars – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.
  • Military Rewards – Being deployed with a military unit may qualify for rate reductions.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more off the personal injury premium cost.

It’s important to understand that some credits don’t apply to your bottom line cost. Most only cut the cost of specific coverages such as comprehensive or collision. So when the math indicates you can get free auto insurance, companies don’t profit that way.

Companies who might offer these benefits include:

Check with all companies you are considering which discounts you may be entitled to. Some discounts may not be available in your state.

These factors can influence what you pay for Toyota Matrix insurance

An important part of buying insurance is that you know the different types of things that help determine the price you pay for insurance. Having a good understanding of what determines base rates enables informed choices that can help you get better insurance rates.

  • Claim-free discounts can add up – Car insurance companies award better rates to policyholders who are claim-free. If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Car insurance is designed for the large, substantial claims.
  • Older drivers pay less – Young drivers have a tendency to get distracted easily in a vehicle so insurance rates are higher. Mature drivers are more responsible, tend to file fewer claims and tend to be better behind the wheel.
  • Extra add-on coverages are wasting money – There are many extra bells and whistles you can purchase on your insurance policy. Things like vanishing deductibles, better glass coverage and motor club memberships may be costing you every month. They may seem like a good idea initially, but if you don’t need them remove them from your policy.
  • Protect your assets with liability insurance – Liability insurance is the protection if a jury decides you are liable for causing damage or personal injury in an accident. It will provide legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.

When might I need the advice of an agent?

When it comes to choosing the right insurance coverage, there really is no “perfect” insurance plan. Every situation is different so your insurance should reflect that Here are some questions about coverages that could help you determine whether your personal situation could use an agent’s help.

  • If my pet gets injured in an accident are they covered?
  • Do I need roadside assistance coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • Does my policy cover me when driving someone else’s vehicle?
  • When should I drop full coverage on my 2010 Toyota Matrix?
  • What companies insure drivers after a DUI or DWI?
  • At what point should I drop full coverage?
  • What is covered by UM/UIM coverage?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

Detailed coverages of your auto insurance policy

Learning about specific coverages of your policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the usual coverages found on most auto insurance policies.

Uninsured or underinsured coverage

This gives you protection when other motorists do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Toyota Matrix.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision coverage

This pays for damage to your Matrix resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as damaging your car on a curb, driving through your garage door, hitting a parking meter and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.


This coverage can cover injuries or damage you cause to other’s property or people that is your fault. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims such as medical expenses, legal defense fees, medical services and loss of income. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

Comprehensive protection

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, rock chips in glass, damage from flooding and fire damage. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like funeral costs, doctor visits, dental work, pain medications and EMT expenses. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Power to the consumer

As you prepare to switch companies, never skimp on coverage in order to save money. There are many occasions where someone sacrificed liability coverage limits and learned later that the few dollars in savings costed them thousands. Your goal should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.

The cheapest 2010 Toyota Matrix insurance is possible from both online companies and with local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies do not offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

More information can be found on the following sites: