Cheaper 2009 Toyota Matrix Car Insurance Quotes

If you’ve never shopped for insurance coverage quotes online, you can easily be bewildered by the diversity of insurers competing for business.

How much is car insurance?

Shopping for lower car insurance rates is a ton of work if you aren’t aware of the easiest way. You can spend countless hours talking to agents in your area, or you can utilize online quotes to get rate comparisons in just a few minutes.

Most major companies belong to a marketplace where insurance shoppers enter their policy data once, and each company can give them a price for coverage. This prevents consumers from doing repetitive form submissions to each individual car insurance company.

To fill out one form to compare multiple rates now click here to start a free quote.

The one disadvantage to getting quotes like this is that consumers can’t choose which providers to receive prices from. So if you want to choose specific providers for rate comparison, we have a page of companies who write car insurance in your area. Click to view list.

It’s up to you how you get prices quotes, just be sure to compare equivalent coverages for each price quote. If you have different deductibles you will not be able to get a fair rate comparison. Even a minor difference in coverage limits may cause a big price difference. And when comparison shopping, having more price comparisons helps increase your odds of locating lower pricing.

These discounts can reduce auto insurance rates

Buying auto insurance is not cheap, but you may be missing some discounts that could drop your premiums quite a bit. A few discounts will automatically apply when you complete an application, but a few must be asked for prior to getting the savings.

  • Early Renewal Discounts – Some larger companies give discounts for switching policies prior to the expiration date on your current policy. It could save around 10% when you buy insurance coverage online.
  • Discount for New Cars – Buying insurance coverage on a new vehicle can save you some money since newer models are generally safer.
  • Include Life Insurance and Save – Not all insurance companies offer life insurance, but some may give you lower auto insurancerates if you buy life insurance from them.
  • Passive Restraints and Air Bags – Factory options such as air bags may earn rate discounts of up to 25% or more.
  • Student Discounts – A discount for being a good student may save as much as 25% on a insurance coverage quote. The good student discount can last well after school through age 25.
  • Telematics Data – Drivers who agree to allow their company to look at vehicle usage by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they are good drivers.
  • Own a Home and Save – Being a homeowner may earn you a small savings because of the fact that having a home requires personal responsibility.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though the math looks like it’s possible to get free car insurance, company stockholders wouldn’t be very happy. Any qualifying discounts will help lower the cost of your policy.

To view companies with discount rates, click this link.

What determines Toyota Matrix insurance premiums?

Lots of things are considered when you get your auto insurance bill. A few of the factors are predictable such as your driving history, but other criteria are less obvious like where you live or how safe your car is.

  • Married people drive safer – Your spouse helps lower the price on car insurance. Having a significant other usually means you are more stable financially and it’s statistically proven that drivers who are married file infrequent claims.
  • Extra policy coverages that may not be needed – Insurance companies have many extra add-on coverages that can add up if you aren’t careful. Coverage for things like roadside assistance, death and dismemberment, and extra life insurance coverage are some examples. They may seem like a good idea when buying your policy, but if you don’t need them eliminate them to save money.
  • Low comp and collision deductibles can be expensive – The deductibles represent how much money you are required to spend before your car insurance pays a claim. Physical damage insurance, also called comprehensive and collision insurance, insures against damage to your car. Some coverage claims could be colliding with a stationary object, vandalism, and damage caused by road hazards. The more of the claim the insured is willing to pay, the lower your rates will be for Matrix coverage.
  • Poor driving habits leads to higher costs – Drivers who don’t get tickets have lower premiums than bad drivers. Even one chargable violation could increase your next policy renewal by as much as twenty percent. People who have flagrant violations such as reckless driving or DUI may find that they have to to prove financial responsibility with the DMV in their state in order to legally drive a vehicle.
  • Lower rates with a multi-policy discount – Most larger insurance companies apply a discount for people who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be ten percent or more. Even with this discount, consumers should still shop around to verify if the discount is saving money. It’s possible to still save money by insuring with multiple companies.
  • Policy lapses lead to higher rates – Driving with no insurance is not a good idea and you may have a hard time finding new coverage because you let your insurance coverage expire. Not only will you pay higher rates, getting caught without coverage could result in fines or a revoked license.
  • Small claims can cost you – If you frequently file small claims, you can look forward to increased rates or even have your policy non-renewed. Insurance companies provide lower rates to policyholders who are not frequent claim filers. Your insurance policy is intended to be relied upon for claims that pose a financial burden.

When do I need an agent’s advice?

When it comes to choosing coverage, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help you determine whether your personal situation might need an agent’s assistance.

  • Is motorclub coverage worth it?
  • Do all my vehicles need collision coverage?
  • When should I drop full coverage on my 2009 Toyota Matrix?
  • I don’t drive much so do I pay less?
  • Can I rate high risk drivers on liability-only vehicles?
  • Does my personal policy cover me when driving out-of-state?
  • When does my teenage driver need to be added to my policy?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form.

Do you really save 40% when you switch?

Well-known auto insurance companies like State Farm, Allstate and GEICO constantly bombard you with television, radio, and online ads. All the ads state the claim of big savings if you change to them. How does every company sell you cheaper insurance coverage? Here is the trick they use.

Companies quote the lowest rates for a prospective insured that is profitable for them. A good example of a desirable risk might be over the age of 50, has no claims, and drives less than 7,500 miles a year. Anyone who fits those characteristics will get very good car insurance rates and will probably cut their rates substantially.

Potential insureds who cannot meet those standards will see a higher premium with the end result being the customer buying from someone else. The trick is to say “drivers that switch” not “everyone who quotes” will save that much if they switch. This is how insurance companies can confidently make those statements.

This really drives home the point why it is so important to compare free insurance coverage quotes often. Because without a comparison, you cannot know which company will have the lowest premium rates for your situation.

Insurance coverage basics

Having a good grasp of your insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and also any damage incurred to your Toyota Matrix.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive coverage (or Other than Collision) – This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a deer, falling objects, theft and vandalism. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like chiropractic care, dental work, rehabilitation expenses, doctor visits and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Liability coverages – This coverage protects you from injuries or damage you cause to other’s property or people by causing an accident. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Alternatively, you may have one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things such as loss of income, repair costs for stationary objects, funeral expenses, bail bonds and medical expenses. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Collision coverages – This coverage pays to fix your vehicle from damage caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as backing into a parked car, colliding with another moving vehicle, hitting a mailbox, crashing into a ditch and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Quote more, save more

You just read some good ideas how you can reduce 2009 Toyota Matrix insurance premium rates online. The key concept to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the lowest priced insurance comes from some of the lesser-known companies.

As you prepare to switch companies, make sure you don’t buy poor coverage just to save money. There have been many situations where drivers have reduced comprehensive coverage or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to get the best coverage possible for the lowest price, but do not skimp to save money.

Budget-conscious 2009 Toyota Matrix insurance is possible both online as well as from insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies don’t offer price quotes online and these smaller companies provide coverage only through independent agencies.

More tips and info about insurance is available by following these links:

Comments About 2009 Toyota Matrix Insurance

  1. Courtney Goodwin

    All companies are crooks. I’m from Concord, New Hampshire. Quoted prices online for a 2009 Toyota Matrix. Ended up at about $130 savings annually. Went with 21st Century. Was with MetLife. Hardly afford to drive anymore.

  2. Dot Simpson

    For me, 21st Century was by far the cheapest in Louisville, Kentucky.

  3. Joaquina Stevenson

    Like your site, BTW. I live in a small town just outside of Missoula, Montana. Can’t remember who all I quoted but I ended up saving about $20 each month. Was with Western Auto Insurance. :)

  4. Janelle Hernandez

    Checking in from Houston, TX. Quoted with Amica, Safeco, and some smaller one I can’t remember the name of for my Matrix and am saving around $560 a year. Left Allstate to switch. I’m a pretty low risk driver. Not sure about claim service.

  5. Chanel Robertson

    I compared a lot of rate quotes for a 2009 Toyota Matrix in North Charleston, SC. Ended up at right around $260 every six months with Auto-Owners. Not sure about claim service.

  6. Rubi Mathis

    I found cheap 2009 Toyota Matrix insurance in Rochester, Minnesota with Progressive.

  7. Ira Foreman

    Proud to be from Minneapolis, Minnesota and for me State Farm had the lowest quote. Was with State Farm. Have an at-fault accident tho.

  8. Ranee Lowery

    Corporate greed I’m telling you. I’m in the east part of Fort Wayne, IN. Got free quotes online for a 2009 Toyota Matrix. Ended up at about $430 savings annually. Went with State Farm. I got prices on the web.

  9. Lessie Miranda

    Well-written and thought out article. I’m just east of Dallas, Texas. Received rates from GEICO, The General, and Encompass for my 2009 Toyota Matrix and saved around $550 a year.

  10. Laurice Mooney

    Cheapest quote for my 2009 Toyota Matrix was with Esurance. Was with Hanover.

  11. Alease Galloway

    I’m in Frederick, MD. Compared quite a few companies. Saved roughly $40 a month. GEICO was the best choice for me.