Save Money on Toyota Matrix Insurance in Boston

Insurance for Toyota MatrixAstonishing but true according to a recent study, almost 70% of insureds have bought auto insurance from the same company for at least four years, and approximately 40% of consumers have never even compared rates from other companies. Boston insurance shoppers could save about 45% every year by just shopping around, but most just don’t grasp the rate savings if they switched to a cheaper policy.

The best way to get cheaper Toyota Matrix insurance is to start doing an annual price comparison from providers in Boston. Prices can be compared by following these guidelines.

  1. Read and learn about what coverages are included in your policy and the steps you can take to lower rates. Many rating criteria that are responsible for high rates such as traffic tickets, fender benders, and a substandard credit history can be rectified by paying attention to minor details.
  2. Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from a single company like Progressive or State Farm, while independent agencies can give you price quotes from multiple companies.
  3. Compare the price quotes to your current policy to determine if you can save on Matrix insurance. If you find a better price and decide to switch, ensure coverage does not lapse between policies.
  4. Notify your company or agent to cancel your current car insurance policy and submit payment along with a signed and completed policy application for the new policy. Make sure you put the new certificate of insurance along with the vehicle’s registration papers.

The key thing to know about shopping around is to try to use the same coverage limits and deductibles on every quote and and to get rate quotes from every company you can. This enables a fair price comparison and a good representation of prices.

The easiest way to compare car insurance rates for Toyota Matrix insurance in Boston is to take advantage of the fact most of the bigger providers provide online access to quote your coverage. The one thing you need to do is provide details including if the car is leased, how you use your vehicles, which vehicles you own, and whether you are married. Your details gets sent immediately to multiple companies and you will get price comparisons immediately.

To check Toyota Matrix insurance prices now, click here and enter your zip code.

The companies in the list below provide comparison quotes in Boston, MA. If multiple companies are listed, it’s highly recommended you compare several of them in order to find the most affordable rates.

Rate information and statistics

The premium information shown next covers estimates of insurance coverage prices for Toyota Matrix models. Having a better idea how car insurance premiums are formulated can help guide drivers when making smart choices when comparing insurance rates.

Toyota Matrix Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $154 $336 $452 $26 $136 $1,104 $92
Matrix S 2WD $178 $396 $452 $26 $136 $1,188 $99
Matrix S AWD $178 $396 $452 $26 $136 $1,188 $99
Matrix XRS 2WD $178 $396 $452 $26 $136 $1,188 $99
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rates do not factor in specific Boston garaging location which can lower or raise rates substantially.

Choosing deductibles

One of the hardest decisions when shopping for insurance is how high should the physical damage coverage deductibles be. The data tables below can help you visualize the differences in price between low and high comp and collision deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second pricing table uses a $500 deductible.

Toyota Matrix insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $250 $520 $334 $20 $100 $1,249 $104
Matrix S 2WD $288 $612 $334 $20 $100 $1,379 $115
Matrix S AWD $288 $612 $334 $20 $100 $1,379 $115
Matrix XRS 2WD $288 $612 $334 $20 $100 $1,379 $115
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Toyota Matrix insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $182 $350 $334 $20 $100 $986 $82
Matrix S 2WD $210 $414 $334 $20 $100 $1,078 $90
Matrix S AWD $210 $414 $334 $20 $100 $1,078 $90
Matrix XRS 2WD $210 $414 $334 $20 $100 $1,078 $90
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can revise coverage rates considerably.

We can estimate from the data above that using a $100 deductible costs about $24 more each month or $288 each year than buying 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 tend to go more than 17 months between claims, you would most likely save money if you choose the higher deductible. The illustration below shows a better example of how you can make this decision for your own policy.

Average monthly premium for $100 deductibles: $112
Average monthly premium for $500 deductibles (subtract): – $88
Monthly savings from raising deductible: $24
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

The information below shows how choosing a deductible and can increase or decrease Toyota Matrix annual premium costs for different insured age categories. Data assumes a married male driver, full physical damage coverage, and no discounts are factored in.

Toyota Matrix insurance rates by gender in Boston

The chart below shows the comparison of Toyota Matrix insurance rates for male and female drivers. The price estimates are based on no claims or driving citations, comp and collision included, $250 deductibles, single status, and no other discounts are factored in.

Difference between liability only and full coverage rates

The example below shows the comparison of Toyota Matrix insurance costs with full coverage compared to only the Massachusetts minimum liability coverage. The data is based on a clean driving record, no at-fault accidents, $500 deductibles, single status, and no discounts are applied to the premium.

Should you buy full coverage or liability only?

There is no set rule for phasing out physical damage insurance, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s assume your Toyota Matrix claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $7,000 after paying the physical damage deductible. If it’s costing in excess of $700 annually for full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Car insurance is available from agents near you

Certain consumers still like to go talk to an agent and we recommend doing that One of the great benefits of getting online price quotes is that drivers can save money and get lower rates and still have an agent to talk to. Putting coverage with small agencies is important especially in Boston.

Insurance agents in BostonFor easy comparison, once you complete this quick form, your insurance data gets sent to participating agents in Boston that can provide free Boston auto insurance quotes to get your business. You won’t even need to visit any agencies as quotes are delivered to you. Get lower rates without a big time investment. If you need to quote rates from a specific insurance company, just find their quoting web page and complete a quote there.

If you want to use a local insurance agency, you must know there are a couple different types of agents and how they operate. Car insurance agencies are either exclusive or independent (non-exclusive).

Independent Car Insurance Agencies or Brokers

These agents are not employed by one company so they can write business through many different car insurance companies and help determine which has the cheapest rates. To move your coverage to a new company, your agent can just switch to a different company and you won’t have to switch agencies.

When comparing rate quotes, it’s a good idea to check rates from several independent insurance agents so that you can do a thorough price comparison.

Shown below is a short list of independent agents in Boston that may be able to give you pricing information.

480 Washington StDorchester Center, MA 02124(617) 825-9676View Map

241 A StBoston, MA 02210(866) 963-8231View Map

44 Temple PlBoston, MA 02111(617) 350-5511View Map

More Boston agents

Exclusive Agents

Agents that choose to be exclusive can usually just insure with one company and some examples include State Farm, AAA, Farmers Insurance or Allstate. They are unable to compare rates from other companies so always compare other rates. Exclusive agents are well schooled on their products and sales techniques which helps them sell insurance even at higher premiums.

Listed below is a list of exclusive agencies in Boston that are able to give price quote information.

571 Dudley St Ste ABoston, MA 02125(617) 442-9490View Map

125 High StBoston, MA 02110(617) 443-9300View Map

More Boston agents

Finding a good insurance agent requires you to look at more than just the quoted price. Here are some questions you should ask.

What is the best car insurance company in Massachusetts?

Picking a highly-rated insurance company can be difficult considering how many choices you have in Boston. The information displayed below could help you pick which insurers to look at to insure your vehicles.

Top Car Insurance Companies in Massachusetts
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
The General 96 100 92 91% A- 95
Mercury Insurance 87 96 100 87% A+ 93.4
Titan Insurance 87 96 94 93% A+ 92.9
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Best Car Insurance Companies