Toyota Matrix Insurance Quotes in Portland

Insurance for Toyota MatrixIt takes a little time, but the best way to find affordable Toyota Matrix insurance is to make a habit of regularly comparing prices from companies who sell insurance in Portland. Price quotes can be compared by following these steps.

One piece of advice is to try to use the same deductibles and limits on each price quote and and to get prices from as many different companies as possible. Doing this guarantees a fair rate comparison and the best price quote selection.

Smart shoppers know that car insurance companies want to keep you from shopping around. Drivers who compare rates once a year will, in all likelihood, switch companies because they have a good chance of finding more affordable rates. Surprisingly, a recent survey revealed that consumers who routinely shopped for cheaper coverage saved approximately $850 each year compared to policyholders who never compared prices.

If finding discount rates on auto insurance in Portland is your objective, then having some insight into how to quote prices and compare insurance premiums can save time, money, and frustration.

Finding the cheapest car insurance coverage in Portland can really be easy if you know what you’re doing. If you have insurance now or just want a better rate, use these tips to find the best rates and still have adequate protection. Drivers just need to understand the proper methods to shop for car insurance online.

You Can Change Your Insurance Costs

Many factors are considered when pricing auto insurance. Some are pretty understandable such as your driving history, but some are not quite as obvious such as your credit history or your financial responsibility. An important part of buying insurance is that you know the rating factors that aid in calculating the price you pay for auto insurance. If you know what positively or negatively impacts your premiums, this enables you to make decisions that can help you get lower auto insurance prices.

Big cities have higher premiums – Having an address in less populated areas of the country may provide you with better prices when trying to find low car insurance rates. Drivers in populated areas have to deal with more road rage incidents and much longer commute distances. Less people means a lower chance of having an accident in addition to fewer liability claims.

Raising comp and collision deductibles lowers rates – Comprehensive and collision coverage deductibles define the amount you are required to spend out-of-pocket if the claim is covered. Physical damage coverage, also known as collision and other-than-collision, insures against damage to your car. Examples of some claims that would be covered could be rear-ending another vehicle, animal collisions, and having a roll-over accident. The larger the amount you pay before a claim is paid (deductible), the less money you will pay for auto insurance.

Prevent theft and reduce rates – Buying a car with an alarm system can help lower your rates. Theft deterrent systems like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart vehicle theft.

Always have auto insurance – Allowing your auto insurance policy to lapse is a fast way to pay more for auto insurance. Not only will rates go up, being ticketed for driving with no insurance may earn you a license revocation or jail time. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Oregon department of motor vehicles.

Safer the car lower the rate – Safe vehicles are cheaper to insure. Vehicles built for safety reduce injuries and better occupant protection translates into fewer and smaller insurance claims which can mean better rates for you. If the Toyota Matrix scored better than four stars on or an “acceptable” rating on it may cost less to insure.

Coverage statistics and figures

The premium information shown below outlines a range of coverage prices for Toyota Matrix models. Understanding more about how car insurance premiums are established is important for drivers to make informed purchases.

Toyota Matrix Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $120 $240 $330 $20 $98 $808 $67
Matrix S 2WD $138 $284 $330 $20 $98 $870 $73
Matrix S AWD $138 $284 $330 $20 $98 $870 $73
Matrix XRS 2WD $138 $284 $330 $20 $98 $870 $73
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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in specific zip code location which can influence prices greatly.

Should you raise deductibles?

When shopping for insurance, a common question is at what level do you set your deductibles. The data tables below may help to illustrate the rate difference when you choose different insurance deductibles. The first rate table uses a $100 physical damage deductible and the second rate table uses a $1,000 deductible.

Toyota Matrix insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $240 $496 $320 $18 $96 $1,195 $100
Matrix S 2WD $274 $586 $320 $18 $96 $1,319 $110
Matrix S AWD $274 $586 $320 $18 $96 $1,319 $110
Matrix XRS 2WD $274 $586 $320 $18 $96 $1,319 $110
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Toyota Matrix insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $132 $262 $320 $18 $96 $828 $69
Matrix S 2WD $152 $308 $320 $18 $96 $894 $75
Matrix S AWD $152 $308 $320 $18 $96 $894 $75
Matrix XRS 2WD $152 $308 $320 $18 $96 $894 $75
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Price information does not factor in your specific Portland location which can modify premium rates greatly.

Using the data above, we can ascertain that using a $100 deductible will cost you roughly $34 more each month or $408 a year than quoting the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 26 months between claim filings, you would more than likely save some money by going with a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $100 deductibles: $108
Average monthly premium for $1,000 deductibles (subtract): – $74
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

Male drivers versus female drivers

The chart below illustrates the difference between Toyota Matrix auto insurance rates for male and female drivers. The prices are based on no claims, a clean driving record, comprehensive and collision coverage, $500 deductibles, drivers are single, and no discounts are applied.

Full coverage versus liability only rates

The diagram below visualizes the comparison of Toyota Matrix auto insurance costs with and without full coverage. The price estimates are based on no accidents, no driving violations, $250 deductibles, single marital status, and no policy discounts are applied.

When to buy liability coverage only

There is no set rule of when to exclude physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Toyota Matrix book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $7,000 after the deductible is paid. If premium cost is more than $700 annually for physical damage coverage, then you might consider buying liability only.

There are some cases where dropping physical damage coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

Check for these discounts on Toyota Matrix insurance in Portland

Some insurance providers do not advertise all discounts in an easy-to-find place, so below is a list a few of the more common as well as some of the hidden discounts you could be receiving when you buy Portland auto insurance online.Insurance discounts

Consumers should know that some of the credits will not apply to the entire cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, insurance companies wouldn’t stay in business. Any qualifying discounts will lower your policy cost.

The information below illustrates the difference between Toyota Matrix premium costs with and without discounts applied. The data is based on a female driver, no violations or accidents, Oregon state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, claim-free, marriage, homeowner, and safe-driver discounts applied.

If you would like to see a list of insurance companies with discount insurance rates in Oregon, click here.

Oregon auto insurance companies

Selecting the right insurance company can be a challenge considering how many companies sell insurance in Portland. The ranking data below can help you pick which auto insurance companies you want to consider when comparing rate quotes.

Portland, Oregon Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
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Data Source: Best Car Insurance Companies

Don’t give up on affordable premiums

We covered a lot of ways to get a better price on Toyota Matrix insurance in Portland. The key thing to remember is the more rate comparisons you have, the better likelihood of getting affordable Toyota Matrix insurance quotes. You may even discover the lowest priced car insurance comes from a lesser-known regional company.

When you buy Portland auto insurance online, don’t be tempted to buy poor coverage just to save money. There are many occasions where consumers will sacrifice liability limits or collision coverage to discover at claim time they didn’t purchase enough coverage. Your focus should be to buy enough coverage at an affordable rate, but don’t skip important coverages to save money.

Insureds switch companies for a number of reasons such as high prices, lack of trust in their agent, denial of a claim or even policy non-renewal. Whatever your reason, choosing a new company is actually quite simple.

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