Compare 2005 Toyota Matrix Car Insurance Quotes

Want lower car insurance rates for your Toyota Matrix? Are you kicking yourself for buying an underperforming, overpriced car insurance policy? Believe me, many drivers feel the same as you.

Due to the increasing number of insurance providers from which to choose, it is very difficult to locate the lowest price insurer.

Quote car insurance online

Most of the larger companies give coverage prices on the web. Getting quotes is possible for anyone because you just enter your coverage preferences into the form. Upon sending the form, the quote system automatically retrieves your driving record and credit report and generates a price based on these and other factors. Quoting online makes comparing rates easy, but the process of having to visit a lot of sites and type in the same information is a waste of time. Unfortunately, it is important to compare as many rates as possible in order to get lower prices.

The quickest way to lower your car insurance bill uses just one form that gets prices from several different companies. The form is fast, eliminates form submissions, and makes price shopping online a lot less work. After sending the form, it is quoted and you are able to buy any or none of the quotes that you receive. If the quotes result in lower rates, you simply finish the application and buy the new coverage. The entire process takes less than 15 minutes and you’ll know if lower rates are available.

To compare rates now, simply click here to open in new window and submit the form. To compare your current rates, we recommend you input the limits and deductibles as shown on your current policy. This helps ensure you will receive rate comparison quotes for similar coverage.

Discounts for lower-cost insurance quotes

Insuring your vehicles can cost a lot, but there’s a good chance there are discounts that can drop the cost substantially. Some trigger automatically at the time you complete a quote, but once in a while a discount must be manually applied before you get the savings. If you’re not getting every credit you deserve, you are paying more than you should be.

  • Telematics Data – People who choose to allow driving data collection to analyze where and when they drive by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if they exhibit good driving behavior.
  • Driver’s Ed – Cut your cost by having your teen driver sucessfully take a drivers education course in high school.
  • Safety Course Discount – Taking time to complete a course that instructs on driving safety could save 5% or more if your company offers it.
  • Discount for Low Mileage – Driving less can qualify you for lower rates on the low mileage vehicles.
  • Home Ownership Discount – Owning a home may trigger a policy discount on insurance because of the fact that having a home demonstrates responsibility.

Consumers should know that some of the credits will not apply the the whole policy. Some only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears it’s possible to get free car insurance, you aren’t that lucky.

Larger insurance companies and some of the premium reductions they offer are:

  • GEICO discounts include daytime running lights, emergency military deployment, military active duty, membership and employees, and driver training.
  • Travelers includes discounts for good student, hybrid/electric vehicle, payment discounts, new car, and driver training.
  • Farm Bureau offers premium reductions for 55 and retired, safe driver, youthful driver, renewal discount, multi-policy, and good student.
  • Liberty Mutual may include discounts for exclusive group savings, new move discount, newly retired, new vehicle discount, preferred payment discount, and good student.
  • American Family offers discounts including bundled insurance, multi-vehicle, mySafetyValet, TimeAway discount, Steer into Savings, accident-free, and defensive driver.
  • Progressive policyholders can earn discounts including homeowner, multi-policy, good student, continuous coverage, and online quote discount.

Check with all companies you are considering which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policyholders in your area. For a list of providers that provide some of the discounts listed above, click here.

Toyota Matrix insurance rate factors

Multiple criteria are part of the calculation when quoting car insurance. Some of the criteria are obvious like your driving record, but other factors are less obvious such as your marital status or how safe your car is.Part of the insurance buying process is learning the rating factors that play a part in calculating your policy premiums. When you understand what controls the rates you pay, this enables you to make decisions that may reward you with lower insurance prices.

Listed below are some of the major factors that factor into your rate level.

  • Low comp and collision deductibles cost more – The deductibles define how much you are willing to pay in the event of a claim. Protection for physical damage, also known as collision and other-than-collision, insures against damage to your car. A few examples of covered claims are colliding with a stationary object, vandalism, and damage caused by road hazards. The larger the amount you have to pay, the less your company will charge you for insurance for Matrix coverage.
  • Prevent your car from being stolen – Purchasing a vehicle with advanced anti-theft systems can save you a little every year. Advanced theft deterrents such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft.
  • Bad credit hurts insurance prices – An insured’s credit score can be a huge factor in determining your rates. If your credit history leaves room for improvement, you could save money insuring your 2005 Toyota Matrix if you clean up your credit. Insureds that have high credit ratings tend to file fewer claims and have better driving records than drivers with bad credit.
  • A policy lapse can increase insurance rates – Going without insurance is a guaranteed way to drive up your policy premiums. Not only will rates go up, not being able to provide proof of insurance will get you fines and jail time.
  • Youthful drivers cost more – Older, more experienced drivers are proven to be safer behind the wheel, cost insurance companies less in claims and are safer drivers.Beginning drivers have a tendency to be more careless behind the wheel and because of this, their insurance rates are much higher.
  • When should you file a claims? – Insurance companies award better rates to insureds who only file infrequent claims. If you are the type of insured that files lots of claims you can definitely plan on higher premiums or even policy non-renewal. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Drive less and get lower prices – The higher the miles on your Toyota each year the more you’ll pay to insure it. Most insurance companies calculate prices based upon how the vehicle is primarily used. Autos left parked in the garage receive lower rates than those used for commuting. It’s a good idea to make sure your insurance policy shows the correct usage for each vehicle. A policy that improperly rates your Matrix can cost quite a bit.
  • Liability insurance safeguards assets – Liability insurance will afford coverage in the event that you are determined to be liable for damages caused by your negligence. Your policy’s liability insurance provides for a legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not skimp.

You may need specialized car insurance coverage

When buying coverage, there isn’t really a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether or not you could use an agent’s help.

  • What is high-risk coverage and where do I buy it?
  • How do I buy GAP insurance?
  • Is my 2005 Toyota Matrix covered for flood damage?
  • Do I have coverage if my license is suspended?
  • Are all vehicle passengers covered by medical payments coverage?
  • Am I covered if I hit a deer?
  • What is PIP insurance?
  • Why do I need rental car insurance?
  • How can I get high-risk coverage after a DUI?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you’re not sure about those questions then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of car insurance companies in your area.

Insurance advertising tricks

State Farm, GEICO and Progressive regularly use television and radio advertisements. They all seem to make the point that you’ll save big if you just switch your coverage to them. How do they all charge you a lower premium? Here is the trick they use.

All the different companies quote their cheapest rates for the type of driver that earns them the most money. One example of a profitable customer may need to be a married male, has no prior claims, and has a high credit rating. A customer getting a price quote that fits those parameters receive the lowest rate quotes and is almost guaranteed to save money with a new company.

Drivers who do not meet these criteria will have to pay more expensive rates which translates to business not being written. If you listen to the ad wording, they say “drivers that switch” not “everyone who quotes” save the amount stated. That’s why companies can lure you into getting a quote. Each company has different criteria, so you really should compare price quotes frequently. It’s just not possible to know the company that will have the lowest prices for your situation.

Insurance policy specifics

Understanding the coverages of your policy helps when choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement. Below you’ll find the usual coverages available from insurance companies.

Medical expense insurance – Coverage for medical payments and/or PIP reimburse you for immediate expenses such as hospital visits, dental work and EMT expenses. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers – This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2005 Toyota Matrix.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Comprehensive (Other than Collision) – This covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hail damage, damage from a tornado or hurricane, rock chips in glass and falling objects. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverages – This will pay to fix damage to your Matrix caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like colliding with a tree, crashing into a ditch and crashing into a building. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Liability coverages – This coverage protects you from damages or injuries you inflict on a person or their property. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against things like pain and suffering, structural damage and repair costs for stationary objects. How much coverage you buy is up to you, but you should buy as large an amount as possible.

Don’t be a big spender

We just showed you many ideas to get a better price on 2005 Toyota Matrix insurance. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. You may even find the most savings is with a small mutual company. They can often provide lower rates in certain areas than their larger competitors like Allstate or State Farm.

Cheap 2005 Toyota Matrix insurance is definitely available from both online companies and from local insurance agents, so you need to shop insurance with both so you have a total pricing picture. A few companies don’t offer the ability to get quotes online and usually these small, regional companies work with independent insurance agents.

For more information, feel free to browse the following helpful articles:

Comments About 2005 Toyota Matrix Insurance

  1. Darline Odom

    Proud to be from Missoula, MT. I quoted with State Farm, The General, and Encompass for my Toyota and saved about $470 a year. Bought it from an online quote.

  2. Leisha Hanson

    Does 21st Century insure at replacement cost?

  3. Kimberlee Morse

    Nice post. Got a quote with Safeco for my Toyota and saved around $510 a year.

  4. Berry Jacobson

    I’m from Phoenix, AZ. I don’t recall every quote but I ended up saving about $40 each month. Get lots of quotes to find the best rate.

  5. Annett Frost

    In Springfield, Massachusetts, Amica had the best rates for my 2005 Toyota Matrix. Just waiting to see how claims go.

  6. Hank Whitfield

    Nice post. I live just outside Virginia Beach, VA. Got car insurance quotes from Amica, Nationwide, and some smaller one I can’t remember the name of for my 2005 Toyota Matrix and saved $339 a year. Bought it from an online quote.

  7. Paz Wynn

    From Tucson, AZ. I compared lots of rates. Saved about $30 a month. GEICO was the best choice for me. Was with American Family.

  8. Hayley Henderson

    I’m in Green Bay, WI, and Allstate rates were affordable. Insured with Western Auto Insurance before. A clean driving record helps. They offer free online rate quotes.

  9. Danial Mercado

    Lifelong resident of Springfield, MA. Got quotes from Amica, Mercury, and USAA for my Toyota and saved just over $130 a year. Wish I didn’t have to insure at all.

  10. Napoleon Murray

    Liked the article. I live just outside Miami, FL. Quoted prices from Amica, Eastwood, and Sentry for my Matrix and saved around $320 a year. God forbid I actually have a claim.

  11. Shameka Franklin

    From south side of Aurora, CO. I don’t recall every quote but I ended up saving about $30 each month. Good savings if you bundle. Still almost need a second mortgage.

  12. Jacquie Kinney

    Just a quick comment on my experience. I live in Frederick, Maryland. Got prices from Hanover, Amica, Nationwide, and a couple others for my Toyota and saved just over $200 a year. Good savings if you bundle.