Compare 2012 Toyota Matrix Insurance Quotes

Are you confused by the wide range of auto insurance choices that you can choose from? Lot’s of other drivers are too. There are such a vast assortment of choices available that it can turn into a challenge to find the lowest price.

If you are paying for car insurance now, you will be able to cut costs considerably using these methods. Finding the cheapest auto insurance coverage can be fairly easy. Although vehicle owners should learn how the larger insurance companies price online insurance because it can help you find the best coverage.

Quote insurance online

Comparing insurance rates can be challenging if you don’t utilize the most efficient way to do it. You could waste a few hours driving to local insurance agents in your area, or you can utilize the web for quick rates.

Many companies belong to an insurance system where prospective buyers only type in their quote data once, and each company provides a quote for coverage. This saves time by eliminating quote forms to each individual insurance company.

To use this form to compare rates click here (opens in new window).

The one downside to using this type of system is that consumers can’t choose which insurance companies to receive prices from. So if you want to select individual companies to compare rates, we have a listing of low cost insurance companies in your area. Click to view list.

It’s up to you how you get prices quotes, just try to keep nearly identical coverage limits and deductibles for every company. If your comparisons have mixed coverages it’s not possible to make an equal comparison. Even a minor difference in coverage limits can mean a large discrepancy in price. Keep in mind that making a lot of price comparisons increases your odds of finding lower pricing.

Discounts for cheaper auto insurance rates

Some providers don’t always list every discount they offer in an easy-to-find place, so the following list contains both the well known and also the more inconspicuous ways to save on auto insurance.

  • Buy New and Save – Buying a new car instead of a used car can save you some money due to better safety requirements for newer vehicles.
  • Multi-car Discount – Insuring all your vehicles with the same auto insurance company could earn a price break for each car.
  • Claim-Free Discount – Drivers with accident-free driving histories are rewarded with significantly better rates on auto insurance quote as opposed to drivers with a long claim history.
  • Pay Upfront and Save – If paying your policy premium upfront rather than spreading payments over time you could save up to 5%.
  • Good Drivers – Insureds without accidents can save up to 40% or more on their auto insurance quote on Matrix coverage than drivers with accidents.
  • Military Rewards – Having a family member in the military could trigger a small discount.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a lower auto insurance rate if you buy auto and life insurance together.

You can save money using discounts, but most of the big mark downs will not be given to all coverage premiums. Some only apply to specific coverage prices like collision or personal injury protection. Despite the appearance that adding up those discounts means a free policy, it’s just not the way it works.

Large auto insurance companies and their offered discounts are shown below.

  • Geico offers premium reductions for air bags, emergency military deployment, multi-policy, driver training, and daytime running lights.
  • USAA has savings for vehicle storage, multi-vehicle, driver training, defensive driver, annual mileage, and military installation.
  • Progressive offers discounts including multi-policy, continuous coverage, homeowner, online quote discount, multi-vehicle, good student, and online signing.
  • American Family may have discounts that include multi-vehicle, accident-free, defensive driver, early bird, mySafetyValet, and air bags.
  • Esurance policyholders can earn discounts including emergency road assistance, homeowner, online quote, anti-lock brakes, multi-policy, and online shopper.
  • Farmers Insurance includes discounts for switch companies, good student, mature driver, early shopping, youthful driver, homeowner, and distant student.
  • State Farm offers discounts for accident-free, passive restraint, Steer Clear safe driver discount, anti-theft, defensive driving training, multiple policy, and Drive Safe & Save.

Double check with every prospective company to give you their best rates. All car insurance discounts may not apply to policies in your area.

Why your insurance rates might be higher

Part of the auto insurance buying process is learning some of the things that play a part in calculating auto insurance rates. When you know what positively or negatively impacts premium levels, this empowers consumers to make smart changes that could result in lower rates. Lots of factors are part of the calculation when you get your auto insurance bill. A few of the factors are predictable such as traffic violations, but other factors are more transparent like where you live or how financially stable you are.

  • High premiums for teenage drivers – Older drivers are proven to be safer behind the wheel, file fewer claims and are safer drivers.Drivers with little experience are statistically proven to be easily distracted behind the wheel so auto insurance rates are higher.
  • Does insurance coverage cost more for men? – Statistics demonstrate women tend to be less risk to insure than men. Now that doesn’t mean males are worse at driving than females. Both genders have at-fault accidents at about the same rate, but the males have costlier accidents. Not only that, but men also get cited for more serious violations such as reckless driving.
  • How much liability coverage do you need? – A critical coverage on your policy, liability insurance provides coverage if ever you are found liable for damages caused by your negligence. It will provide for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so do not cut corners here.
  • Rates can drop if you have more than one policy – Most major insurance companies will give better rates to customers that purchase more than one policy, otherwise known as a multi-policy discount. Even with this discount, it’s in your best interest to compare other insurance prices to make sure you are getting the best deal.
  • Employer can influence rates – Occupations such as military generals, social workers and financial analysts tend to have higher premium rates because of job stress and long work hours. On the other hand, jobs such as actors, students and retirees pay lower than average rates on Matrix coverage.
  • Drive a safer car and pay less – Cars with five star safety ratings cost less to insure. Highly rated vehicles protect occupants better and fewer injuries translates directly to fewer claims and lower rates for you.
  • Pleasure use saves money – The higher the miles on your Toyota every year the more you will pay for auto insurance. Almost all companies rate vehicles partially by how you use the vehicle. Cars and trucks used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. It’s a good idea to make sure your declarations sheet states the right rating data, because improper ratings can cost you money. A policy that improperly rates your Matrix is throwing money out the window.
  • How credit rating affects auto insurance prices – Your credit rating factor in determining what you pay for auto insurance. If your credit is low, you could be paying less to insure your 2012 Toyota Matrix by spending a little time repairing your credit. Drivers with very high credit ratings tend to file fewer claims than drivers with worse credit.

You may need specialized insurance coverage

When it comes to buying the best insurance coverage for your vehicles, there is no “perfect” insurance plan. Everyone’s needs are different.

These are some specific questions might help in determining if your insurance needs would benefit from professional advice.

  • What can I do if my company won’t pay a claim?
  • How high should my medical payments coverage be?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • How do I file an SR-22 for a DUI in my state?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • How do I buy GAP insurance?
  • Is my teen driver covered when they drive my company car?
  • How much liability coverage do I need in my state?
  • Does my car insurance cover rental cars?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Why you might not save $414 a year

Big name companies like 21st Century, Allstate and State Farm endlessly run television and radio advertisements. They all state the claim that you can save just by moving your coverage to them. That’s great but how can every company make almost identical claims? Here is the trick they use.

Different companies give the best rates for the type of customer they prefer to insure. An example of a profitable insured might be described as between 30 and 50, has few claims, and drives less than 5,000 miles a year. Any person that hits that “sweet spot” receive the lowest rate quotes and have a good chance to save a lot of money.

Potential customers who are not a match for the requirements may receive higher premiums which usually ends up with business going elsewhere. If you pay attention, the ads say “customers who switch” not “everyone that quotes” can save as much as they claim. That’s why companies can truthfully make those statements. Because of this risk profiling, drivers should do a price quote comparison at every renewal. Because without a comparison, you cannot know the company that will fit you best based on your risk profile.

Car insurance coverages and their meanings

Learning about specific coverages of car insurance aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Collision coverages – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like colliding with a tree, rolling your car, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Coverage for medical expenses – Medical payments and Personal Injury Protection insurance kick in for expenses such as chiropractic care, funeral costs, rehabilitation expenses, doctor visits and ambulance fees. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive car insurance – This covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as a broken windshield, vandalism, hitting a deer and hail damage. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Coverage for liability – Liability insurance can cover injuries or damage you cause to people or other property. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims such as medical services, emergency aid, funeral expenses and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Summing up your car insurance search

The cheapest 2012 Toyota Matrix insurance is definitely available on the web as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance providers may not provide online quoting and these small insurance companies work with independent insurance agencies.

Insureds who switch companies do it for a number of reasons such as high prices, policy cancellation, an unsatisfactory settlement offer and questionable increases in premium. Whatever your reason, choosing a new insurance company is less work than it seems.

As you quote auto insurance, it’s not a good idea to reduce coverage to reduce premium. There have been many cases where consumers will sacrifice liability coverage limits to discover at claim time they didn’t purchase enough coverage. The proper strategy is to get the best coverage possible at the lowest possible cost, but do not sacrifice coverage to save money.

Helpful learning opportunities