Cheap 2008 Toyota Matrix Car Insurance Quotes

Want better auto insurance rates? Drivers have lots of choices when trying to find the best price on Toyota Matrix insurance. You can either spend your time calling around trying to get quotes or save time using the internet to compare rates.

There is a right way and a wrong way to buy auto insurance and you need to know the proper way to get price quotes on a Toyota and locate the lowest possible price.

The purpose of this post is to familiarize you with how to effectively get price quotes. If you currently have car insurance, you will most likely be able to save some money using this strategy. Drivers just need to learn the tricks to compare price quotes over the internet.

Insurance policy discounts

Car insurance can cost a lot, but you might already qualify for some discounts that you may not know about. Some discounts apply automatically at the time of purchase, but occassionally some discounts must be asked for in order for you to get them.

  • Discounts for New Vehicles – Buying a new car model may earn a small discount due to better safety requirements for newer vehicles.
  • Military Rewards – Being on active duty in the military could trigger a small discount.
  • Telematics Data Discounts – Drivers who agree to allow data collection to scrutinize driving habits by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease as long as they are good drivers.
  • Bundled Policy Discount – If you combine your home and auto policies with one company you could save up to 20% off your total premium.
  • Use Seat Belts – Buckling up and requiring all passengers to use their safety belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Pay Now and Pay Less – If you can afford to pay the entire bill rather than spreading payments over time you could save 5% or more.
  • Sign Online – A handful of insurance companies provide a small discount shop car insurance digitally online.

Policy discounts save money, but most discount credits are not given to all coverage premiums. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it appears all those discounts means the company will pay you, it just doesn’t work that way.

The best insurance companies and a summarized list of policyholder discounts can be found below.

  • Farm Bureau includes discounts for multi-policy, driver training, good student, renewal discount, safe driver, youthful driver, and 55 and retired.
  • State Farm may offer discounts for good driver, accident-free, defensive driving training, multiple policy, and good student.
  • Progressive discounts include continuous coverage, online quote discount, multi-vehicle, good student, and online signing.
  • Allstate policyholders can earn discounts including teenSMART discount, good payer, economy car, new car, senior citizen, and EZ pay plan discount.
  • Nationwide has discounts for multi-policy, family plan, defensive driving, business or organization, accident-free, and good student.
  • MetLife offers discounts for accident-free, good student, good driver, multi-policy, and defensive driver.

If you are trying to find cheaper car insurance quotes, ask each company to apply every possible discount. All car insurance discounts may not apply in your area. To see a list of insurers that offer multiple discounts, click here.

The fastest way that we advise to compare policy rates is to take advantage of the fact most insurance companies participate in online systems to give free rates quotes. All consumers are required to do is spend a couple of minutes providing details like types of safety features, if you are currently licensed, if a SR-22 is needed, and coverage limits. Your information gets sent immediately to insurance carriers in your area and they provide comparison quotes immediately.

To start a quote now, click here and enter your coverage details.

How do I know if I need professional advice?

When it comes to buying adequate coverage, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique.

Here are some questions about coverages that might point out if your situation could use an agent’s help.

  • Do I have coverage for damage caused while driving under the influence?
  • Am I covered when delivering products for my home-based business?
  • What discounts do I qualify for?
  • Is my ex-spouse still covered by my policy?
  • How much liability do I need to cover my assets?
  • Does medical payments coverage apply to all occupants?
  • Is my nanny covered when driving my vehicle?
  • How much can I save by bundling my policies?
  • What are the financial responsibility laws in my state?
  • What is the difference between comprehensive and collision coverage?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form. It only takes a few minutes and can provide invaluable advice.

Auto insurance coverage specifics

Understanding the coverages of auto insurance can be of help when determining appropriate coverage and proper limits and deductibles. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy.

Liability coverages

Liability coverage will cover injuries or damage you cause to other’s property or people by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as repair costs for stationary objects, structural damage, pain and suffering, court costs and bail bonds. How much coverage you buy is up to you, but buy as large an amount as possible.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Toyota Matrix.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive (Other than Collision)

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a deer, hitting a bird and a tree branch falling on your vehicle. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Medical expense insurance

Med pay and PIP coverage provide coverage for short-term medical expenses like hospital visits, pain medications, doctor visits, nursing services and ambulance fees. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like driving through your garage door, colliding with another moving vehicle, crashing into a ditch, damaging your car on a curb and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Smart consumers save more

In this article, we presented some good ideas how to save on 2008 Toyota Matrix insurance. It’s most important to understand that the more price quotes you have, the better your comparison will be. You may be surprised to find that the best prices are with a lesser-known regional company.

Consumers leave their current company for a variety of reasons including policy non-renewal, high rates after DUI convictions, denial of a claim or even poor customer service. It doesn’t matter why you want to switch finding a new insurance company is less work than it seems.

When buying insurance coverage, don’t be tempted to reduce coverage to reduce premium. There are many occasions where someone sacrificed liability coverage limits and discovered at claim time that the savings was not a smart move. Your objective should be to purchase plenty of coverage for the lowest cost and still be able to protect your assets.

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Comments About 2008 Toyota Matrix Insurance

  1. Tobias Le

    If you have a good history and live near West Valley City, Utah, check out Allstate. They seem to be cheaper. Left Western Auto Insurance to switch. Good multi-policy discounts.

  2. Graig Vaughn

    Went with GMAC for my Toyota and saved around $410 a year. Even increased my liability limits. They offer free online rate quotes.

  3. Ying Bass

    Is a custom audio system covered by insurance?

  4. Marquetta Hoffman

    Like your site, BTW. I’m in the east part of Lincoln, NE. I got free rates from 21st Century, Encompass, and Hartford for my Toyota and I’m now saving $25 a month. Still almost need a second mortgage.

  5. Katlyn Brown

    I’m in the suburbs of Providence, Rhode Island. I got free prices from Amica, Mercury, and Travelers for my Matrix and saved around $220 a year. Just waiting to see how claims go.

  6. Lorilee Gallegos

    Lots of good stuff here. I live on the south side of West Valley City, UT. I got free prices from State Farm, American Family, and Esurance for my 2008 Toyota Matrix and saved just over $380 a year. Insured with Mercury before. Even increased coverage a bit. Highly recommended.

  7. Laquita Pickett

    Not sure what I should be paying. Quoted with Sentry for my 2008 Toyota Matrix and am saving around $330 a year. Left GEICO to switch. Are quotes cheaper online?

  8. Lieselotte Sellers

    When do I drop full coverage?

  9. Beverley Cole

    Well-written and thought out article. Proud to be from New Haven, CT. I quoted with Auto-Owners, Mercury, and a few others for my Matrix and saved $249 a year.

  10. Tabatha Cardenas

    Good detail in your article. From Gulfport, MS. Received quotes from GEICO, American Family, and Farmers for my Matrix and saved about $350 a year. I have kids on my policy, too.

  11. Rocco Wood

    Here’s what I found out. I’m in the north part of Colorado Springs, CO. I got free quotes with AIG Insurance, Nationwide, and a few others for my Toyota and saved $421 a year. Was with Liberty Mutual. Switched homeowners coverage too. Get lots of quotes to find the best rate.

  12. Sol Hebert

    Cheapest quote for my 2008 Toyota Matrix was with Encompass. Good savings if you bundle. I got a quote from their website.

  13. Christa Ferrell

    Live in Hartford, CT. I got free rates from Travelers, Amica, The General, and Mercury for my Toyota and saved $483 a year. Insured with Allstate before.

  14. Lashaun Gibbs

    I found pretty cheap rate quotes for a 2008 Toyota Matrix in Parkersburg, WV. Ended up at roughly $480 every six months with American Family. Good savings if you bundle. I used their website to get prices.

  15. Javier Branch

    Is State Farm cheaper than GEICO in Worcester, MA?