2013 Toyota Matrix Insurance Rates – 8 Tricks for Best Quotes

Have you fallen victim to an underperforming, overpriced insurance coverage policy? Say no more because there are a lot of people just like you who feel imprisoned by their insurance coverage policy.

Due to the large number of insurance providers from which to choose, it is hard for the average consumer to locate a more affordable insurance coverage company.

You should make it a habit to do rate comparisons at least once a year because insurance coverage rates are usually higher with each renewal. Even if you think you had the best deal on Matrix coverage at your last renewal you may be paying too much now. Forget all the misinformation about insurance coverage because I’m going to teach you the best way to properly buy coverages and cut your premium.

Finding the best rates is not rocket science. Essentially anyone who has to buy insurance will more than likely be able to lower their premiums. Although consumers benefit from understanding how big insurance companies determine prices and use this information to your advantage.

Compare insurance coverage rate quotes

To get low cost insurance quotes, there a variety of ways to compare quotes from local insurance coverage companies. By far the easiest way to find competitive Toyota Matrix insurance rates is to perform an online rate comparison. This is very easy and can be done in several different ways.

  1. Hands down the most simple method to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This easy form eliminates the need for repetitive form submissions for every company. One quote request gets insurance cost estimates direct from many companies.
  2. A slightly less efficient method to find more affordable insurance requires visiting the website for every company you want to comare and repeat the quote process. For instance, let’s say you want to compare rates from Liberty Mutual, Geico and American Family. To find out each rate you need to spend time on each company’s site and punch in your information repeatedly, which explains why we recommend starting with the first method.

    For a handy list of car insurance company links in your area, click here.

It’s up to you how you get prices quotes, just make sure you are using apples-to-apples information for every company. If the quotes have mixed coverages you will not be able to determine which company has the best rates. Just a small difference in coverages could throw off the whole comparison. It’s important to know that comparing more quotes helps improve the odds of finding the best price. Not every company does prices over the internet, so it’s important to compare price estimates from the smaller companies as well.

You may qualify for discounts

Companies offering auto insurance do not advertise all possible discounts in an easy-to-find place, so the list below details some of the more common and the more hidden credits available to you. If you do not double check each discount available, you could be getting lower rates.

  • Telematics Data – Insureds who allow companies to look at when and where they use their vehicle by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction if their driving habits are good.
  • Discounts for Safe Drivers – Drivers without accidents may receive a discount up to 45% on Matrix coverage than drivers with accidents.
  • Early Renewal Discounts – Select larger companies give a discount for switching to them prior to the expiration date on your current policy. It’s a savings of about 10%.
  • Military Deployment Discount – Having a deployed family member may lower your premium rates slightly.
  • Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts may earn rate discounts up to 30%.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Toyota may allow you to get discounted prices on garaged vehicles.
  • E-sign – A few insurance companies may give you up to $50 get insurance digitally online.
  • College Student – Kids who live away from home at college and do not have a car could qualify for this discount.

Remember that most discounts do not apply to the entire cost. A few only apply to specific coverage prices like medical payments or collision. Even though the math looks like all the discounts add up to a free policy, that’s just not realistic. Any amount of discount should help reduce the premium cost.

Large auto insurance companies and some of the discounts are:

  • Farm Bureau offers premium reductions for good student, multi-vehicle, youthful driver, driver training, and 55 and retired.
  • Liberty Mutual discounts include new move discount, teen driver discount, new graduate, safety features, and newly retired.
  • State Farm includes discounts for Drive Safe & Save, multiple policy, multiple autos, good driver, anti-theft, and accident-free.
  • Auto-Owners Insurance offers discounts for paid in full, safe driver, safe vehicle, multiple vehicles, and multi-policy.
  • Geico has discounts for defensive driver, seat belt use, anti-theft, good student, membership and employees, military active duty, and driver training.
  • SAFECO offers discounts including teen safe driver, safe driver, teen safety rewards, drive less, anti-lock brakes, bundle discounts, and anti-theft.

Double check with each insurance company which discounts can lower your rates. Discounts might not apply in your area.

There’s no such thing as the perfect insurance policy

When choosing adequate coverage, there is no cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that might point out if you will benefit from professional help.

  • Do I need special endorsements for business use of my vehicle?
  • Why am I required to buy liability insurance?
  • If I drive on a suspended license am I covered?
  • Am I covered if I drive in a foreign country?
  • Is my cargo covered for damage or theft?
  • Does coverage extend to Mexico or Canada?
  • When can my company non-renew my policy?
  • Is my trailer covered?
  • What should my uninsured motorist coverage limits be in my state?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.

Parts of your auto insurance policy

Having a good grasp of a auto insurance policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Listed below are typical coverage types found on most auto insurance policies.

Auto collision coverage

Collision coverage will pay to fix damage to your Matrix resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like rolling your car, driving through your garage door, hitting a parking meter and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like doctor visits, nursing services and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as hail damage, hitting a bird, damage from a tornado or hurricane and falling objects. The maximum amount 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 removing comprehensive coverage.

Liability auto insurance

Liability insurance can cover damages or injuries you inflict on people or other property that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against claims like repair bills for other people’s vehicles, pain and suffering, medical expenses and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

UM/UIM Coverage

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Be a money saver!

When searching for cheap insurance quotes, make sure you don’t buy poor coverage just to save money. Too many times, an accident victim reduced collision coverage and discovered at claim time they didn’t purchase enough coverage. The aim is to buy the best coverage you can find at an affordable rate while still protecting your assets.

You just read a lot of tips how to compare 2013 Toyota Matrix insurance prices online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding affordable insurance. Consumers could even find that the lowest prices come from a lesser-known regional company. These companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, Geico and Nationwide.

More information can be found at the links below