2008 Toyota Matrix Insurance Cost – 9 Tricks for Best Prices

Are you sick and tired of robbing Peter to pay Paul each month for car insurance? You are no different than many other consumers. Having so many insurance providers from which to choose, it is hard for the average consumer to choose the lowest cost insurance company.

Consumers should take time to price shop coverage occasionally since rates are variable and change quite frequently. Despite the fact that you may have had the best deal on Matrix coverage a couple years back you can probably find a lower rate today. So just ignore everything you know about insurance because I’m going to teach you the easiest way to lower your annual insurance bill.

Finding the lowest cost car insurance coverage is quite easy. If you have insurance now or need a new policy, you can learn to reduce the price you pay while maximizing coverage. Drivers just need to understand the proper methods to compare prices online.

Finding Auto Insurance Deals

All major auto insurance companies allow you to get pricing on the web. Getting online quotes is pretty easy as you just type in your coverage preferences into a form. When the form is submitted, their system gets credit information and your driving record and provides a quote determined by many factors. Quoting online makes it a lot easier to compare rates but having to visit several different sites and complete many quote forms can be a bit tiresome and repetitive. But it’s very important to get many rate quotes if you are searching for the lowest price.

There is a better way to compare rates

A quicker way to find better auto insurance pricing uses one simple form to return rates from multiple companies. This type of form saves time, eliminates form submissions, and makes online quotes much simpler. After your information is entered, your coverage is rated and you can choose any of the quote results.

If one or more price quotes are lower than your current rates, you can simply submit the application and buy the policy. The entire process can be completed in a matter of minutes and may save quite a bit of money.

In order to find out how much you’re overpaying now, click here to open in new window and enter your information. If you currently have coverage, we recommend you copy coverages and limits exactly as they are listed on your policy. This makes sure you will receive a fair comparison for similar insurance coverage.

Don’t pay full price with these nine discounts

The price of auto insurance can be rather high, but companies offer discounts that can drop the cost substantially. A few discounts will automatically apply when you complete an application, but a few need to be asked for prior to receiving the credit. If you don’t get every credit possible, you’re paying more than you need to.

  • Sign Online – Some insurance companies may give you up to $50 for buying your policy on their website.
  • New Vehicle Savings – Insuring a new car is cheaper since new cars are generally safer.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can avoid accidents and earn discounts up to 10%.
  • Accident Waiver – A few companies allow you one accident without raising rates if your claims history is clear for a particular time prior to the accident.
  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and earn discounts up to 10%.
  • Drive Less and Save – Fewer annual miles on your Toyota can earn better rates on cars that stay parked.
  • Memberships – Belonging to certain professional organizations is a good way to get lower rates on car insurance on Matrix coverage.
  • Safe Driver Discount – Drivers who avoid accidents may save up to 50% more on Matrix coverage than drivers with accident claims.
  • Federal Government Employee – Simply working for the federal government can earn a discount up to 10% on Matrix coverage with a few car insurance companies.

Consumers should know that some credits don’t apply the the whole policy. Some only apply to specific coverage prices like comp or med pay. So even though they make it sound like all those discounts means the company will pay you, companies don’t profit that way. But all discounts will cut your premiums.

A partial list of companies that may offer these benefits are:

Before buying, ask every prospective company how you can save money. Savings may not be available in your area.

Your personal situation dictates your coverage

When it comes to buying coverage, there isn’t really a cookie cutter policy. Each situation is unique and your policy should reflect that. For instance, these questions could help you determine if your situation would benefit from professional advice.

  • Am I covered by my spouse’s policy after a separation?
  • How many claims can I have before being cancelled?
  • Is my camper covered by my car insurance policy?
  • What is an SR-22 filing?
  • Will I lose any money if I cancel my policy before it expires?
  • Can I afford to buy a different vehicle if my 2008 Toyota Matrix is totaled?
  • Should I have a commercial auto policy?
  • If I drive on a suspended license am I covered?

If you don’t know the answers to these questions then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Auto insurance coverage information

Learning about specific coverages of car insurance helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. These are the usual coverages found on the average car insurance policy.

Auto collision coverage

Collision insurance pays for damage to your Matrix resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as sustaining damage from a pot hole, hitting a parking meter and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Liability auto insurance

This coverage provides protection from damages or injuries you inflict on other’s property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as repair bills for other people’s vehicles, pain and suffering, attorney fees and structural damage. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Toyota Matrix.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive protection

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, damage from getting keyed and fire damage. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense coverage

Med pay and PIP coverage kick in for bills like hospital visits, dental work, ambulance fees, funeral costs and pain medications. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

A fool and his money are soon parted

Low-cost 2008 Toyota Matrix insurance can be purchased on the web and with local insurance agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who do not offer online price quotes and these regional insurance providers work with independent agents.

When shopping online for insurance coverage, you should never buy less coverage just to save a little money. There are a lot of situations where an insured cut physical damage coverage and discovered at claim time that they should have had better coverage. Your aim should be to buy enough coverage at the best price while still protecting your assets.

For more information, take a look at the resources below: