Compare Toyota Matrix Insurance Quotes in Arlington

Discount Toyota Matrix insuranceTo save the most money, the best way to get cheaper Toyota Matrix insurance is to compare prices annually from providers that insure vehicles in Arlington. Drivers can shop around by completing these steps.

An important note is to compare similar deductibles and liability limits on every quote and and to look at as many companies as feasibly possible. This enables a fair rate comparison and a complete rate analysis.

It’s an obvious statement that car insurance companies don’t want customers comparing rates. People who shop around for the cheapest rate are likely to switch companies because there is a good probability of finding a policy with more affordable rates. A recent survey found that consumers who compared rates once a year saved an average of $865 annually compared to drivers who never shopped around.

If finding the best price on car insurance is your ultimate objective, then having some knowledge of how to choose a company and compare coverages can save time and money.

Slash rates with these six discounts on Toyota Matrix insurance in Arlington

Auto insurance is not inexpensive, but there’s a good chance there are discounts that you may not even know about. Many of these discounts will be applied automatically when you purchase, but some discounts are required to be asked for prior to getting the savings.

You should keep in mind that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the price of certain insurance coverages like liability and collision coverage. Even though it appears you would end up receiving a 100% discount, it doesn’t quite work that way.

The example below visualizes the comparison of Toyota Matrix premium costs with and without discounts being applied to the rates. The premium estimates are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, claim-free, homeowner, and multi-car discounts applied.

A few companies that may offer these benefits are:

If you want the cheapest Toyota Matrix rate quotes, ask every company which discounts you qualify for. All car insurance discounts might not be available to policyholders in Arlington. If you would like to view insurers that have a full spectrum of discounts in Texas, click here to view.

How to buy Toyota Matrix insurance in Arlington, TX

All the larger car insurance companies like State Farm, GEICO and Progressive make it easy to get prices for coverage on their websites. The process is pretty easy as you just enter the coverages you want on the page. After you complete the form, the quote system will order information on your driving record and credit history and quotes a price determined by many factors. Quoting online for Toyota Matrix insurance in Arlington streamlines rate comparisons, and it’s also necessary to compare as many rates as possible in order to find a lower rate.

If you want to find out how much you’re overpaying now, compare rates now from the companies shown below. If you have a policy now, it’s recommended you duplicate the coverage information as shown on your current policy. Doing this assures you will receive a fair comparison using the exact same coverages.

The companies shown below are our best choices to provide free quotes in Texas. To buy the best car insurance in Arlington, it’s a good idea that you get price quotes from several of them to get a more complete price comparison.

Insurance coverage analysis

The table shown below outlines different coverage costs for Toyota Matrix models. Being aware of how auto insurance policy rates are figured is important for making smart choices when purchasing an insurance policy.

Toyota Matrix Insurance Rates in Arlington, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $238 $400 $500 $30 $150 $1,318 $110
Matrix S 2WD $272 $472 $500 $30 $150 $1,424 $119
Matrix S AWD $272 $472 $500 $30 $150 $1,424 $119
Matrix XRS 2WD $272 $472 $500 $30 $150 $1,424 $119
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Premium amounts do not factor in specific zip code location which can decrease or increase prices considerably.

Policy deductibles

A question often asked by Arlington drivers is the level to set your comp and collision deductibles. The tables below sum up the rate difference when you buy lower versus higher physical damage coverage deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second price table uses a $500 deductible.

Toyota Matrix insurance prices 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 prices 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
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Table data does not factor in Arlington location which can modify prices substantially.

Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $15 more each month or $180 each year than choosing the higher $500 deductible. Since you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 17 months between claim filings, you would save more money going with the higher deductible.

Accidents and violations increase rates

The illustration below illustrates how violations and accident claims can impact Toyota Matrix insurance rates for different age groups. The prices are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

Rate comparison of males versus females in Arlington

The information below shows the comparison of Toyota Matrix annual premium costs for male and female drivers. The information is based on no tickets, no at-fault accidents, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are factored in.

Difference between full coverage and liability only rates

The information below shows the comparison of Toyota Matrix car insurance rates when comparing full coverage to state minimum liability only. The premiums are based on no claims or driving citations, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

When to stop buying comprehensive and collision coverage

There is no definitive formula to drop physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Toyota Matrix settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after paying your policy deductible. If you are currently paying more than $600 a year for your policy with full coverage, then you might consider buying liability only.

There are some situations where dropping full coverage is not a good plan. If you still have a lienholder on your title, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Tailor your auto insurance coverage to you

Keep in mind that when it comes to choosing proper insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Your financial needs are unique and a cookie cutter policy won’t apply. These are some specific questions may help highlight if your insurance needs might need professional guidance.

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Get rate quotes but buy from a local neighborhood Arlington car insurance agent

Certain consumers just want to go talk to an agent and that is a personal choice. Professional insurance agents will help you protect your assets and help submit paperwork. The biggest benefit of getting free rate quotes online is that you can find the best rates and also buy local. Buying insurance from local insurance agents is important particularly in Arlington.

Insurance agency in ArlingtonAfter completing this simple form, your insurance coverage information is immediately sent to insurance agents in Arlington that provide free Arlington car insurance quotes and help you find cheaper coverage. There is no need to contact an agency since price quotes are sent immediately to your email address. If you have a need to compare rates from a particular provider, just go to their quote page and submit a quote form there.

Shown below is a short list of auto insurance companies in Arlington that may be willing to give price quote information for Toyota Matrix insurance in Arlington.

980 N Cooper StArlington, TX 76011(817) 261-8484View Map

Sun West Insurance Agency Inc
600 Six Flags Dr #102Arlington, TX 76011(817) 261-1101View Map

4200 S Cooper StArlington, TX 76015(817) 467-7233View Map

2255 W Green Oaks BlvdArlington, TX 76013(817) 457-9933View Map

More insurance agents

Choosing the best provider needs to be determined by more than just a cheap price. The following questions are important to ask.

Choosing the best Toyota vehicle insurance in Texas is an important decision

Despite the potentially high cost of Toyota Matrix insurance, insurance is most likely required but also gives you several important benefits.

The benefits of buying car insurance more than cancel out the cost, especially for larger claims. Despite what companies tell you, the average driver is overpaying over $810 a year so it’s very important to do a rate comparison each time the policy renews to ensure rates are inline.

Learn about insurance coverages for a Toyota Matrix

Knowing the specifics of insurance can help you determine which coverages you need for your vehicles. Insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on most insurance policies.

Coverage for medical payments – Med pay and PIP coverage pay for short-term medical expenses such as X-ray expenses, dental work and doctor visits. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Toyota Matrix.

Since a lot of drivers only purchase the least amount of liability that is required (Texas limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time these limits are similar to your liability insurance amounts.

Comprehensive coverages – This pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from flooding, rock chips in glass, theft, vandalism and a tree branch falling on your vehicle. The most your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability auto insurance – This provides protection from damage that occurs to other people or property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 30/60/25 which stand for a $30,000 limit per person for injuries, a limit of $60,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage pays for things like court costs, funeral expenses, emergency aid, legal defense fees and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible. Texas state law requires minimum liability limits of 30/60/25 but drivers should carry more coverage.

The illustration below shows why buying minimum limits may not be enough coverage.

Collision coverage – This will pay to fix damage to your Matrix caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like driving through your garage door, rolling your car and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible on your Matrix in order to get cheaper collision rates.

Best auto insurance in Texas

Selecting a high-quality car insurance provider is hard considering how many companies there are in Texas. The company information in the next section could help you choose which car insurance providers you want to consider purchasing coverage from.

Top 10 Arlington Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Final considerations

We’ve covered a lot of techniques to save on Toyota Matrix insurance in Arlington. The key concept to understand is the more providers you compare, the better likelihood of getting low cost Arlington car insurance quotes. You may even discover the lowest car insurance rates come from a small mutual company. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.

When trying to cut insurance costs, do not buy poor coverage just to save money. In many cases, someone dropped comprehensive coverage or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal is to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.

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