View 2007 Toyota Matrix Car Insurance Quotes

Have you had enough of scraping the payment together to insure your Toyota every month? Your situation is no different than the majority of other drivers. Due to the increasing number of companies to choose from, it is hard for the average consumer to locate the most cost effective insurer.

Auto insurance rates and discounts

Not many people think insurance is cheap, but you may be missing some discounts that many people don’t even know exist. Some trigger automatically when you complete an application, but less common discounts must be specifically requested prior to getting the savings.

  • Save with a New Car – Buying a new car model can save up to 30% because new model year vehicles are generally safer.
  • Braking Control Discount – Cars and trucks with ABS and/or traction control have fewer accidents so companies give up to a 10% discount.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt may be able to save a few bucks off PIP or medical payments premium.
  • Passive Restraints – Factory air bags or motorized seat belts may earn rate discounts as much as 30%.
  • Responsible Drivers – Safe drivers can save up to 40% or more on their insurance quote on Matrix coverage than drivers with accidents.
  • Clubs and Organizations – Affiliation with qualifying clubs or civic groups can get you a small discount when shopping for auto insurance.
  • Discount for Swiching Early – Some insurance companies give discounts for switching policies prior to the expiration date on your current policy. It could save around 10% when you buy insurance online.
  • Discounts for Government Workers – Having worked for a branch of the government may qualify for a discount when you quote insurance on Matrix coverage with a few auto insurance companies.

One last thing about discounts, most credits do not apply to the entire cost. Most only cut specific coverage prices like collision or personal injury protection. Even though it may seem like all those discounts means the company will pay you, insurance companies wouldn’t stay in business. Any qualifying discounts should help reduce the amount you pay for coverage.

A few of the larger companies and their possible discounts can be read below.

  • Geico discounts include federal employee, anti-theft, five-year accident-free, multi-policy, military active duty, daytime running lights, and driver training.
  • Travelers offers discounts including continuous insurance, multi-policy, home ownership, driver training, student away at school, hybrid/electric vehicle, and good student.
  • Nationwide may include discounts for Farm Bureau membership, easy pay, family plan, good student, and multi-policy.
  • Farmers Insurance offers premium reductions for multi-car, good student, early shopping, electronic funds transfer, switch companies, business and professional, and youthful driver.
  • Esurance policyholders can earn discounts including online quote, DriveSense, online shopper, renters, multi-policy, and Switch & Save.
  • State Farm has savings for passive restraint, Drive Safe & Save, student away at school, multiple autos, safe vehicle, and good student.
  • Progressive includes discounts for multi-policy, homeowner, online signing, continuous coverage, and online quote discount.
  • Mercury Insurance may offer discounts for good student, multi-policy, good driver, type of vehicle, age of vehicle, and anti-theft.

If you are trying to find cheap insurance quotes, ask every company the best way to save money. Savings may not be available in your area.

Compare free insurance coverage quotes

There are a variety of methods to compare insurance coverage prices and some are less time-consuming than others. You can waste hours talking about coverages with insurance companies in your area, or you can stay home and use the web to get rate comparisons in just a few minutes.

The majority of car insurance companies are enrolled in a marketplace that enables customers to complete one form, and each participating company returns a competitive quote based on the submitted data. This eliminates the need for form submissions to each company.

To get comparison pricing now click here to open in new window.

The one disadvantage to using this type of system is you can’t choose the providers to get quotes from. If you would rather choose specific providers for rate comparison, we put together a list of low cost insurance coverage companies in your area. View list of insurance companies.

You can choose any of those ways to find more affodable coverage, but be sure you’re using the same information on every price quote you get. If your comparisons have different liability limits it’s impossible to truly determine the lowest rate.

Situations that may require an agent’s advice

When choosing adequate coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions might help in determining whether your personal situation may require specific advice.

  • Do I pay less for low miles?
  • Do I need added coverage for expensive stereo equipment?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • How do I file an SR-22 for a DUI in my state?
  • If my 2007 Toyota Matrix is totaled, can I afford another vehicle?
  • What is the ISO rating for a 2007 Toyota Matrix?
  • Are split liability limits better than a combined single limit?
  • When can my company non-renew my policy?
  • What exactly is covered by my policy?
  • Am I missing any policy discounts?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Insurance coverage options for a 2007 Toyota Matrix

Knowing the specifics of a insurance policy can be of help when determining appropriate coverage for your vehicles. Insurance terms can be confusing and reading a policy is terribly boring. Shown next are the usual coverages available from insurance companies.

Coverage for medical expenses – Coverage for medical payments and/or PIP pay for immediate expenses for things like X-ray expenses, doctor visits, nursing services, ambulance fees and hospital visits. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Toyota Matrix.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision coverage – Collision insurance pays for damage to your Matrix caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with a tree, backing into a parked car, damaging your car on a curb and driving through your garage door. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also choose a higher deductible to bring the cost down.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as falling objects, hitting a deer, damage from getting keyed, rock chips in glass and hail damage. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverage – This will cover damage or injury you incur to people or other property that is your fault. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims like repair costs for stationary objects, medical services, legal defense fees and court costs. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

Online plus local equals savings

As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. There have been many situations where drivers have reduced full coverage to discover at claim time that the small savings ended up costing them much more. The aim is to buy enough coverage at the best cost, but do not sacrifice coverage to save money.

Low-cost 2007 Toyota Matrix insurance is available from both online companies and from local insurance agents, so you need to quote insurance with both to have the best rate selection. Some companies don’t offer online price quotes and most of the time these regional carriers provide coverage only through local independent agents.

To learn more, take a look at the resources below: