Cheap Toyota Matrix Insurance in San Antonio

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Discount Toyota Matrix insuranceTrying to find better insurance prices for a new or used Toyota Matrix in Texas can normally be a lot of work, but you can learn these tips to find lower rates. There are both good and bad ways to find car insurance online and you need to know the quickest way to get price quotes for a Toyota and locate the cheapest rates either online or from San Antonio insurance agents.

The quickest way to compare rate quotes for Toyota Matrix insurance in San Antonio is to know car insurance companies allow for online access to give you rate quotes. All consumers are required to do is spend a couple of minutes providing details such as how you use your vehicles, if you have an active license, whether you are married, and how much school you completed. Your information gets sent immediately to all major companies and you should receive rate quotes with very little delay.

To find lower affordable Toyota Matrix insurance rates now, click here and find out if you can get cheaper insurance in San Antonio.

The car insurance companies shown below offer free quotes in Texas. If multiple companies are listed, we recommend you click on several of them in order to get a fair rate comparison.

Three main reasons to buy insurance

Despite the fact that insurance is not cheap in San Antonio, paying for insurance may be mandatory for several reasons.

  • Almost all states have minimum liability requirements which means it is punishable by state law to not carry a specific level of liability insurance in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a loan on your Matrix, almost every bank will make it mandatory that you have insurance to guarantee loan repayment. If you do not pay your insurance premiums, the lender will be forced to insure your Toyota at an extremely high rate and require you to pay for the expensive policy.
  • Insurance preserves not only your vehicle but also your financial assets. It will also cover medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance will also pay for a defense attorney if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of having insurance outweigh the cost, particularly when you have a large claim. But the average driver in Texas overpays as much as $810 a year so smart consumers compare quotes at every policy renewal to help ensure money is not being wasted.

Car insurance data for a Toyota Matrix

The premium information shown next showcases a range of coverage costs for Toyota Matrix models. Having a better idea how insurance quotes are formulated is important for making informed purchases.

Toyota Matrix Insurance Rates in San Antonio, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $246 $580 $400 $24 $120 $1,370 $114
Matrix S 2WD $282 $684 $400 $24 $120 $1,510 $126
Matrix S AWD $282 $684 $400 $24 $120 $1,510 $126
Matrix XRS 2WD $282 $684 $400 $24 $120 $1,510 $126
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rates do not factor in specific zip code location which can affect premiums greatly.

Policy deductible comparison

One common question asked by San Antonio drivers is where to set your physical damage deductibles. The rates shown below outline the price difference when you choose different insurance deductibles. The first data set uses a $250 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Toyota Matrix insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $256 $496 $382 $22 $114 $1,295 $108
Matrix S 2WD $294 $584 $382 $22 $114 $1,421 $118
Matrix S AWD $294 $584 $382 $22 $114 $1,421 $118
Matrix XRS 2WD $294 $584 $382 $22 $114 $1,421 $118
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Toyota Matrix insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $208 $400 $382 $22 $114 $1,126 $94
Matrix S 2WD $240 $472 $382 $22 $114 $1,230 $103
Matrix S AWD $240 $472 $382 $22 $114 $1,230 $103
Matrix XRS 2WD $240 $472 $382 $22 $114 $1,230 $103
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rate quotes do not factor in specific San Antonio garaging location which can change coverage prices considerably.

Based on these figures, using a $250 deductible will cost you roughly $15 more each month or $180 a year averaged for all Matrix models than buying the higher $500 deductible. Since you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go at least 17 months between claims, you would come out ahead if you opt for a higher deductible.

The information below shows how choosing a deductible and can influence Toyota Matrix insurance premiums for different ages of insureds. The premiums are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Full coverage or liability only

The example below illustrates the comparison of Toyota Matrix car insurance costs when comparing full coverage to state minimum liability only. The prices are based on no claims, a clean driving record, $250 deductibles, single status, and no discounts are applied to the premium.

When to switch to liability coverage only

There is no clear-cut rule of when to phase out full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let's say your Toyota Matrix replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after paying your policy deductible. If premium cost is more than $500 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where dropping full coverage is not a good idea. If you haven't satisfied your loan, you have to carry full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Cheaper rates by taking advantage of discounts

Some providers do not list every available discount in a way that's easy to find, so the list below gives a summary of some of the more common and the harder-to-find credits that may apply to you.Discount insurance

  • New Vehicle Savings - Insuring a new Matrix can save you some money because newer vehicles have to meet stringent safety requirements.
  • Club Memberships - Being in qualifying clubs or civic groups can get you a small discount when shopping for insurance.
  • Multi-policy Discount - If you insure your home and vehicles and insure them with the same company you could earn a discount of up to 20% and get you cheaper Matrix insurance.
  • E-sign Discounts - Certain larger companies will provide an incentive for buying your policy digitally online.
  • One Accident Forgiven - Not really a discount, but certain companies may permit one accident without getting socked with a rate hike with the catch being you have to be claim-free for a set time period.

Please keep in mind that some of the credits will not apply to the entire policy premium. A few only apply to specific coverage prices like medical payments or collision. So even though it sounds like you can get free auto insurance, it doesn't quite work that way.

The chart below compares Toyota Matrix yearly insurance costs with and without policy discounts. The price estimates are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, homeowner, claim-free, and multi-policy discounts applied.

A few popular companies and a summarized list of policyholder discounts are included below.

  • GEICO has discounts for multi-vehicle, driver training, anti-lock brakes, good student, and federal employee.
  • USAA offers discounts including driver training, defensive driver, annual mileage, safe driver, new vehicle, and multi-vehicle.
  • Progressive includes discounts for continuous coverage, online signing, multi-policy, multi-vehicle, good student, and online quote discount.
  • American Family may include discounts for mySafetyValet, accident-free, multi-vehicle, defensive driver, Steer into Savings, early bird, and good driver.
  • Esurance offers discounts for Switch & Save, emergency road assistance, paid-in-full, anti-lock brakes, online quote, good student, and safety device.
  • Farmers Insurance policyholders can earn discounts including pay in full, electronic funds transfer, mature driver, multi-car, and switch companies.
  • State Farm offers premium reductions for accident-free, anti-theft, multiple autos, passive restraint, good student, student away at school, and driver's education.

If you need lower rates, check with all the companies how many discounts you can get. All car insurance discounts might not be offered everywhere. To choose insurers with discount rates in San Antonio, follow this link.

Insurance agents can help

When it comes to buying insurance from an agent or online, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that.Drive safe and save For example, these questions may help highlight if your situation would benefit from professional advice.

  • Do I have coverage when making deliveries for my home business?
  • Can I rate high risk drivers on liability-only vehicles?
  • I don't drive much so do I pay less?
  • What is UM/UIM insurance?
  • What is the difference between comprehensive and collision coverage?
  • Can good grades get a discount?
  • Should I pay a claim out-of-pocket?

If you can't answer these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.