Cheapest Phoenix Toyota Matrix Insurance

Insurance for Toyota MatrixDo you want a faster way to compare more competitive Toyota Matrix insurance in Phoenix? Trying to find better insurance prices for a Toyota Matrix in Arizona can be a lot of work, but you can learn these tips and make it easy. There are both good and bad ways to find insurance online and you need to know the best way to get price quotes for a Toyota and get the lowest price either online or from Phoenix insurance agents.

Choosing the most cost-effective auto insurance policy in Phoenix is really quite easy. If you already have coverage or just want a better rate, you can follow these tips to shop for the lowest rates without reducing coverage. Smart shoppers just have to learn the tricks to buy auto insurance online from multiple companies.

Low-cost companies for Toyota Matrix insurance in Arizona

The auto insurance companies shown below offer free rate quotes in Phoenix, AZ. If multiple companies are shown, we suggest you get price quotes from several of them in order to find the most competitive rates.

Toyota Matrix Insurance Costs in Phoenix, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $160 $362 $362 $22 $108 $1,014 $85
Matrix S 2WD $130 $266 $308 $18 $92 $814 $68
Matrix S AWD $184 $426 $362 $22 $108 $1,102 $92
Matrix XRS 2WD $182 $364 $306 $18 $92 $962 $80
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Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in specific zip code location which can modify premiums greatly.

Deductible comparison

The hardest decision when buying coverage is which deductible level should you buy. The rates shown below may aid in understanding how much more rates are between high and low physical damage deductibles. The first data table uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Toyota Matrix insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $224 $466 $300 $18 $90 $1,123 $94
Matrix S 2WD $258 $548 $300 $18 $90 $1,239 $103
Matrix S AWD $258 $548 $300 $18 $90 $1,239 $103
Matrix XRS 2WD $258 $548 $300 $18 $90 $1,239 $103
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Toyota Matrix insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $164 $314 $300 $18 $90 $886 $74
Matrix S 2WD $188 $370 $300 $18 $90 $966 $81
Matrix S AWD $188 $370 $300 $18 $90 $966 $81
Matrix XRS 2WD $188 $370 $300 $18 $90 $966 $81
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Prices do not factor in specific zip code location which can raise or lower rates greatly.

Based on this data, using a $100 deductible will cost in the ballpark of $22 more each month or $264 a year than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you average more than 18 months between claim filings, you would come out ahead by selecting a higher deductible. The illustration below shows how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $101
Average monthly premium for $500 deductibles (subtract): – $79
Monthly savings from raising deductible: $22
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One thing to be aware of is that a higher deductible means you pay more out-of-pocket when you do file a claim. You need to have enough money in the bank in the event you need to pay the higher deductible in order to repair your vehicle.

Toyota Matrix insurance discounts in Phoenix

Car insurance is neither fun to buy or cheap, but you might be missing out on some discounts to cut the cost considerably. Certain credits will be shown when you purchase, but a few must be specially asked for prior to receiving the credit.Save money with discounts

One thing to note about discounts is that most of the big mark downs will not be given to the whole policy. Most cut individual premiums such as comp or med pay. So despite the fact that it appears you could get a free car insurance policy, companies don’t profit that way.

Large car insurance companies and some of their more popular discounts are detailed below.

If you need cheaper Phoenix auto insurance quotes, ask every company which discounts you qualify for. Discounts might not apply in Phoenix.

Save Money with These Tips

Part of the car insurance buying process is learning the rating factors that play a part in calculating your car insurance rates. When you understand what impacts premium levels, this enables informed choices that can earn you lower premium levels.

The list below includes some of the most common factors car insurance companies consider when setting premiums.

Fast cars cost more to insure – The type of car, truck or SUV you own makes a substantial difference in your rates. Due to the fact that the Toyota Matrix is a compact wagon, insuring your vehicle will cost the same to a little lower when compared to the average rates in Phoenix. Lower cost passenger cars usually have the lowest premiums, but the final cost of insurance is determined by many other factors.

Save money by raising physical damage deductibles – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Toyota. Examples of some claims that would be covered are running into the backend of another car, flood damage, and having your car stolen. Physical damage deductibles tell how much you are required to spend before a claim is paid by your company. The more damage repair cost you are required to pay out-of-pocket, the better rate you will receive.

Better premiums with anti-theft devices – Buying a car with an alarm system can help lower your rates. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms all help stop car theft.

Never let your car insurance policy lapse – Driving with no insurance is a big no-no and your next policy will cost more because you let your coverage lapse. Not only will you pay higher rates, getting caught without coverage could result in a steep fine or even jail time. Then you may be required to submit proof of financial responsibility or a SR-22 with the Arizona motor vehicle department to get your license reinstated.

How much liability protection do you need? – Liability insurance will protect you when you are responsible for causing damage or personal injury in an accident. It will provide legal defense which can cost a lot. Liability is cheap compared to insuring for physical damage coverage, so drivers should carry high limits.

Bad credit will cost you – Having a bad credit rating is a big factor in determining your rates. If your credit could use some work, you may save money insuring your Toyota Matrix by repairing your credit. People that have high credit scores tend to be more responsible and file fewer claims as compared to drivers with poor credit scores.

Insurance rates for married couples – Walking down the aisle may cut your premiums on your policy. Having a spouse generally demonstrates drivers are more mature and insurance companies reward insureds because married drivers tend to have fewer serious accidents.

Lower premiums for cars with good safety ratings – Cars with high safety ratings can get you lower premiums. These vehicles result in less severe injuries and fewer serious injuries means lower claim amounts which can result in lower premiums. If the Toyota Matrix is rated at a minimum four stars on or an “acceptable” rating on you may be receiving a better rate.

Insurance agent or online?

Many people just prefer to get professional advice from a licensed agent and that is a smart decision Insurance agents are trained to spot inefficiencies and help you file claims. The best thing about comparing auto insurance online is the fact that drivers can get cheap auto insurance rates and still have a local agent.

Insurance agency in PhoenixAfter completing this quick form, your insurance coverage information is sent to local insurance agents in Phoenix that can give you free Phoenix auto insurance quotes for your business. It simplifies rate comparisons since you won’t have to search for an agent since rate quotes are delivered immediately to your email address. If you wish to quote rates from a specific auto insurance provider, feel free to find their quoting web page to submit a rate quote request.

Finding the right insurer is decision based upon more than just a cheap price quote. Below are some questions you should ask.

If you are wanting to purchase auto insurance from a reputable insurance agent or broker, it can be helpful to understand the different agency structures and how they can service your needs differently. Auto insurance agents in Phoenix may be either independent agents or exclusive agents depending on their employer. Both can handle auto insurance, but it’s a good idea to understand the difference in how they write coverage because it may have an impact on the kind of agent you use.

Exclusive Auto Insurance Agencies

These agents work for only one company and examples are State Farm or Allstate. Exclusive agents cannot place coverage with different providers so you might not find the best rates. Exclusive agencies are usually well trained in insurance sales and that enables them to sell even at higher rates. Some insured continue to choose to use a exclusive agent partially due to the brand and solid financial strength.

The following is a short list of exclusive agents in Phoenix who can help you get price quotes.

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Independent Insurance Agents

Independent agents are not locked into one company and that enables them to quote your coverage with any number of different companies and find the cheapest auto insurance rates. If they quote lower rates, they simply switch companies in-house and you stay with the same agent.

If you need cheaper auto insurance rates, you will want to include multiple independent agents to get the best comparison. They also have the ability to place coverage with small mutual carriers that may provide cheaper auto insurance rates.

The following are independent agents in Phoenix who can help you get comparison quotes.

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After you get satisfactory answers as well as offering an affordable quote, you have narrowed it down to a car insurance agent that is a good match to properly service your auto insurance policy. Keep in mind you can cancel coverage for any reason so never assume you’re contractually obligated to the auto insurance policy for a certain time period.

Save $470 a year? Really?

Arizona consumers constantly see and hear ads for insurance savings from companies such as Progressive, GEICO, Allstate and State Farm. All the ads have a common claim about savings if you change your coverage.

How can each company make the same claim? It’s all in the numbers.

Insurance providers require specific criteria for the type of insured that will generate a profit. A good example of a desirable risk could be between the ages of 30 and 50, has never had a policy lapse, and drives less than 10,000 miles a year. A customer getting a price quote who fits those characteristics will probably get cheap premium rates and have a good chance to save when switching.

Insureds who are not a match for those criteria may receive higher rates which results in business going elsewhere. If you pay attention, the ads say “people who switch” not “everyone that quotes” will save that much if they switch. That’s why insurance companies can confidently advertise the way they do. Because of the profiling, it’s extremely important to compare many company’s premium rates. It’s impossible to know which insurance companies will provide you with the cheapest Toyota Matrix insurance in Phoenix.

Don’t give up on cheaper coverage

As you go through the steps to switch your coverage, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage at the lowest possible cost and still be able to protect your assets.

Cheap Toyota Matrix insurance in Phoenix can be bought from both online companies and from local insurance agents, so you need to shop Phoenix auto insurance with both to have the best rate selection. Some insurance companies may not offer price quotes online and usually these smaller providers work with independent insurance agents.

We just showed you many ideas to compare Toyota Matrix insurance car insurance rates in Phoenix. The key thing to remember is the more you quote Phoenix auto insurance, the more likely it is that you will get a better rate. You may even find the best car insurance rates are with a lesser-known regional company.

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