Car Insurance Quotes for the Toyota Matrix

The Toyota Matrix is a compact hatchback vehicle produced from 2002 to 2014. Known for its spacious interior, ample cargo capacity, and comfortable driving experience, it is popular for individuals and families seeking a practical daily driver.

Having auto insurance is essential to protect your vehicle. The average liability insurance cost for a Toyota Matrix is $51, while full coverage insurance costs around $110. These prices are cheaper than the national average of $52 for basic coverage and $168 for full coverage.

Freeway Insurance specializes in finding affordable car insurance solutions, offering effective discounts even for drivers with tickets, DUIs, or other challenging situations. Unlock savings and ensure peace of mind by exploring this guide.

Trying to find insurance for your hatchback? Well, you’ve got a couple of main auto coverage types to consider. You can opt for a full plan, or just the bare minimum required by your state. And you can also add optional coverages, like car insurance rental reimbursement.

Deciding between these choices comes down to what’s most important to you: saving money or having that added layer of protection. Ready to explore each option? Let’s dive in and assess their offerings.

Full Coverage

When you opt for full auto insurance for your Toyota Matrix, it’s like having a safety net that gives you peace of mind on the road. This comprehensive plan covers all the bases, ensuring you’re protected against unexpected surprises that may come your way.

This option covers damages for others in case of an accident where you’re at fault. And collision coverage steps in to help, no matter who’s to blame. And for those incidents that are a bit out of the ordinary, like a stray baseball denting your door or a sudden hailstorm, comprehensive coverage steps up to the plate.

For example, if you’re parked at the mall and someone accidentally dings your bumper, you can get that fixed without breaking the bank.

The cherry on top? All this coverage for your hatchback comes in at an affordable $110 per month.

State Minimum Liability

In every state, drivers need to meet minimum liability car insurance requirements for basic financial backing if they encounter trouble on the road.

For example, imagine you’re cruising in your hatchback and you cause a fender-bender. That’s when the state’s minimum policy steps in to save your day. It can cover the medical bills of those involved in the mishap and pay for the repairs to their cars. And in the worst-case scenario of a loss, it can lend a hand with funeral expenses.

Each state has its own set of rules regarding these minimum liability policies. For example, in California, you’ll need at least $15,000 set aside for one person’s medical or funeral expenses, up to $30,000 for two or more people, and another $5,000 for property damage. Meanwhile, in Florida, a basic policy would require $10,000 for personal injury protection and $10,000 for property damage coverage.

The average price for this policy for a Toyota Matrix is $51 per month.

When getting an auto coverage quote, it’s important to consider the factors that affect insurance costs. Some of these are:

Your Deductible

When you need to file a claim, there’s an amount you have to pay upfront before your insurance starts covering the rest—that’s what’s known as your deductible. By selecting a higher deductible, you can enjoy lower premiums, while a lower deductible will result in higher monthly payments.

Marital Status

It may seem unexpected, but data suggests that married individuals tend to have fewer accidents than single people. Consequently, insurers frequently offer slightly reduced rates to married policyholders in comparison to those who are single.

Your location

Your insurer checks out the theft and accident rates in your city or even your zip code to estimate the likelihood of filing a claim for vehicle repair or replacement.

Driving impaired is a serious issue. It not only raises the likelihood of accidents but also comes with severe consequences.

In addition to fines, penalties, and the potential loss of your license and vehicle, being labeled a high-risk driver means you’ll face increased premiums until you can prove you’re a safe and responsible driver again.