It takes a few minutes, but the best way to find lower priced Toyota Matrix insurance in Tulsa is to compare prices annually from providers that sell auto insurance in Oklahoma.
- Step 1: Spend some time learning about car insurance and the steps you can take to lower rates. Many factors that increase rates like traffic citations, accidents, and a substandard credit score can be controlled by improving your driving habits or financial responsibility.
- Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for many different companies.
- Step 3: Compare the price quotes to your existing coverage to see if a cheaper rate is available. If you find a lower rate, make sure coverage does not lapse between policies.
- Step 4: Notify your company or agent of your decision to cancel the current policy. Submit a completed application and payment to the newly selected company. Once coverage is bound, store the certificate verifying proof of insurance in an easily accessible location.
The key aspect of shopping around is to compare identical deductibles and limits on every quote request and and to get price quotes from as many different insurance providers as possible. Doing this helps ensure an apples-to-apples comparison and a thorough price selection.
It’s a known fact that car insurance companies don’t want you to look at other companies. People who get comparison quotes at least once a year will presumably switch car insurance companies because there is a high probability of finding a lower rate. A study showed that drivers who compared rate quotes regularly saved an average of $850 each year as compared to drivers who never shopped for cheaper rates.
If finding budget-friendly Toyota Matrix insurance in Tulsa is your ultimate target, then having some knowledge of the best ways to shop for auto insurance can help you succeed in finding affordable rates.
Car insurance statistics and figures
The information shown next outlines detailed analysis of prices for Toyota Matrix models. Having insight into how rates are determined is important for you to make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Matrix 2WD | $274 | $538 | $462 | $28 | $138 | $1,440 | $120 |
| Matrix S 2WD | $316 | $634 | $462 | $28 | $138 | $1,578 | $132 |
| Matrix S AWD | $316 | $634 | $462 | $28 | $138 | $1,578 | $132 |
| Matrix XRS 2WD | $316 | $634 | $462 | $28 | $138 | $1,578 | $132 |
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Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rates do not factor in specific location which can influence rates substantially.
Higher deductibles lower rates
One frequently asked question is which comprehensive and collision deductibles to buy. The following insurance rates can help show the difference in cost between low and high policy deductibles. The first data table uses a $250 deductible for physical damage and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Matrix 2WD | $302 | $584 | $448 | $26 | $134 | $1,519 | $127 |
| Matrix S 2WD | $346 | $688 | $448 | $26 | $134 | $1,667 | $139 |
| Matrix S AWD | $346 | $688 | $448 | $26 | $134 | $1,667 | $139 |
| Matrix XRS 2WD | $346 | $688 | $448 | $26 | $134 | $1,667 | $139 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Matrix 2WD | $186 | $368 | $448 | $26 | $134 | $1,162 | $97 |
| Matrix S 2WD | $214 | $432 | $448 | $26 | $134 | $1,254 | $105 |
| Matrix S AWD | $214 | $432 | $448 | $26 | $134 | $1,254 | $105 |
| Matrix XRS 2WD | $214 | $432 | $448 | $26 | $134 | $1,254 | $105 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can affect auto insurance rates greatly.
We can derive from the above data that using a $250 deductible would cost the average driver about $33 more each month or $396 each year across all Toyota Matrix models than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 23 months between claim filings, you would probably be better off if you choose a higher deductible. The numbers below show the way this calculation is made.
| Average monthly premium for $250 deductibles: | $136 |
| Average monthly premium for $1,000 deductibles (subtract): | – $103 |
| Monthly savings from raising deductible: | $33 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $33 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
An important thing to remember is that raising deductibles to save money means you will have to pay more of your own money when you have a comprehensive or collision claim. That will require access to more funds in the event you have to pay more to get your vehicle repaired.
The example below shows how different deductible levels and can impact Toyota Matrix insurance rates for different age categories. The data is based on a single female driver, comp and collision included, and no other discounts are factored in.
Learn How to Quote Auto Insurance at a Discount
Many things are considered when you get a price on insurance. Some are obvious such as your driving record, but other criteria are more transparent like your vehicle usage or your financial responsibility.
Listed below are just a few of the factors auto insurance companies consider when setting your rates.
Save money with alarms and GPS tracking – Owning a car with an alarm system can get you a discount on your auto insurance. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping vehicle theft.
Do you have enough liability insurance? – The liability section of your policy will afford coverage if ever you are determined to be liable for damages from an accident. Your policy’s liability insurance provides legal defense coverage which can cost a lot. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
Pleasure use saves money – The more you drive in a year the more you will pay for auto insurance. Many insurance companies charge to insure your cars determined by how the vehicle is used. Vehicles not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Improper usage on your Matrix can result in significantly higher rates. Double check that your declarations sheet reflects the correct usage for each vehicle, because it can save money.
High performance vehicles cost more to insure – The make and model of the car, truck or SUV you are trying to find cheaper insurance for makes a substantial difference in determining your rates. The best insurance prices are usually for the lowest performance passenger models, but there are many factors that impact the final cost.
The following data uses these variables: married male driver age 50, full coverage with $250 deductibles, and no discounts or violations. It compares Toyota Matrix policy rates compared to other vehicles that have different performance risks.
Responsible drivers pay less – Having a clean driving record influences premium rates substantially. Even a single speeding ticket or other violation could increase your next policy renewal to the point where it’s not affordable. Attentive drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who have received severe tickets such as reckless driving or DUI may face state-mandated requirements to complete a SR-22 with their state motor vehicle department in order to legally drive.
The information below highlights how speeding tickets and at-fault accidents can influence Toyota Matrix premium costs for different insured age categories. The data is based on a single female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
Certain occupations pay higher premiums – Did you know your career choice can influence rates? Careers such as lawyers, architects, and emergency personnel usually pay higher premiums than the average policyholder in part from intense work-related stress and lengthy work days. Conversely, jobs like farmers, engineers and performers generally pay rates lower than average.
Your credit rating is important – Having a good credit score can be a huge factor in determining premium rates. People with excellent credit scores tend to be less risk to insure than drivers with lower credit scores. So if your credit score could use some work, you could save money insuring your Toyota Matrix if you clean up your credit.
Auto insurance companies ranked
Finding a highly-rated insurance provider can be rather challenging considering how many choices there are in Oklahoma. The ranking information shown below could help you pick which providers you want to consider to insure your vehicles.
Top 10 Tulsa Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Tulsa Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Shop smart and save
Throughout this article, we presented quite a bit of information on how to reduce Toyota Matrix insurance car insurance rates online in Tulsa. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding affordable Toyota Matrix insurance quotes. Consumers may even find the best car insurance rates are with the least-expected company.
Drivers who switch companies do it for many reasons like being labeled a high risk driver, denial of a claim, delays in paying claims or even policy non-renewal. It doesn’t matter why you want to switch finding a new company is pretty simple and you could end up saving a buck or two.
Some insurance companies do not offer rates over the internet and these regional carriers provide coverage only through independent insurance agents. Discount Toyota Matrix insurance is definitely available online in addition to many Tulsa insurance agents, and you should compare price quotes from both in order to have the best chance of saving money.
Additional insurance information can be found at these links:
- Information for Teen Drivers (GEICO)
- Who Has the Cheapest Tulsa Car Insurance Rates for Postal Workers? (FAQ)
- Who Has Cheap Tulsa Auto Insurance Rates for Real Estate Agents? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Chevrolet Equinox in Tulsa? (FAQ)
- How Much is Car Insurance for 16 Year Olds in Tulsa? (FAQ)
- How Much is Car Insurance for Drivers with Bad Credit in Tulsa? (FAQ)
- How Much is Auto Insurance for College Students in Tulsa? (FAQ)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Comprehensive Coverage (Liberty Mutual)
- Auto Insurance 101 (About.com)