Price shopping your Toyota Matrix insurance in Miami can be a challenge for drivers new to comparing prices online. With literally dozens of insurers to choose from, it can quickly become a chore to find more affordable prices in Florida.
How to find low-cost Toyota Matrix insurance in Miami
The easiest way to get the cheapest auto insurance rates in Miami is to start comparing rates regularly from companies in Florida.
- First, read about car insurance and the factors you can control to keep rates down. Many factors that are responsible for high rates like your driving record and a substandard credit score can be improved by being financially responsible and driving safely. Keep reading for more information to get low prices and find missing discounts.
- Second, compare prices from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from one company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes from multiple sources. Compare rates
- Third, compare the quotes to your existing coverage and see if you can save money. If you find a lower rate quote and switch companies, ensure coverage does not lapse between policies.
- Fourth, tell your current agent or company of your decision to cancel your current car insurance policy and submit a down payment and signed policy application to your new agent or company. Immediately upon receiving it, safely store the certificate verifying proof of insurance in an easily accessible location in your vehicle.
One thing to point out is to compare similar limits and deductibles on every quote request and and to look at as many car insurance companies as possible. Doing this guarantees a level playing field and the best rate selection.
Amazingly, a recent NerdWallet.com study showed that nearly 70% of customers have purchased from the same company for a minimum of four years, and approximately 40% of consumers have never compared insurance rates at all. U.S. drivers could save an average of roughly 47% each year by just comparing rate quotes, but they mistakenly think it’s difficult to shop their coverage around.
Smart consumers take time to check insurance prices periodically since insurance prices are adjusted regularly by insurance companies. Even if you got the best deal on Toyota Matrix insurance in Miami at your last renewal there is a good chance you can find better premium rates now. There are a lot of ways to save on Matrix insurance on the web, but in a few minutes you can learn some tested techniques to stop overpaying for insurance in Miami.
If you’re already insured, you stand a good chance to be able to reduce premiums using the ideas covered in this article. Quoting and comparing rates for affordable policy in Miami is not as confusing as people think. But Florida consumers must understand the way companies calculate your policy premium and apply this information to your search.
Affordable companies for Toyota Matrix insurance in Florida
The companies in the list below are ready to provide comparison quotes in Miami, FL. If multiple companies are listed, it’s highly recommended you compare several of them to get the best price comparison.
Rate information and statistics
The price information displayed next covers detailed analysis of coverage costs for Toyota Matrix models. Knowing how auto insurance premiums are determined can be of help when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Matrix 2WD | $222 | $430 | $426 | $26 | $128 | $1,232 | $103 |
| Matrix S 2WD | $254 | $506 | $426 | $26 | $128 | $1,340 | $112 |
| Matrix S AWD | $254 | $506 | $426 | $26 | $128 | $1,340 | $112 |
| Matrix XRS 2WD | $254 | $506 | $426 | $26 | $128 | $1,340 | $112 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rates do not factor in specific location which can influence coverage prices substantially.
The example below illustrates how your choice of deductibles and can raise or lower Toyota Matrix annual premium costs for different ages of insureds. The rates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
Difference between liability only and full coverage rates
The illustration below visualizes the comparison of Toyota Matrix car insurance costs when comparing full coverage to liability only. The premium estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
When to stop buying comprehensive and collision coverage
There isn’t a steadfast formula of when to eliminate comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s pretend your Toyota Matrix book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $4,000 after the policy deductible has been paid. If you are paying more than $400 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some situations where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Informed Consumers Know How to Get Auto Insurance for Less
Multiple criteria are considered when you get a price on insurance. Some of the criteria are obvious like a motor vehicle report, although some other factors are more transparent like your continuous coverage or how financially stable you are.
The list below includes some of the most common factors auto insurance companies consider when setting your rates.
Add-on coverages can waste money – Policies have add-on coverages that sound like a good idea at the time on your Matrix policy. Coverages like vanishing deductibles, death and dismemberment, and Farm Bureau memberships may be costing you every month. These may sound like a good investment when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
Better rates on cars with good safety ratings – Cars with high safety ratings are cheaper to insure. These vehicles result in less severe injuries and reduced instances of injuries means lower claim amounts which can result in lower premiums.
Insurance is expensive for youthful drivers – Mature drivers are viewed as being more responsible, cause fewer claims and accidents, and get fewer tickets. Inexperience drivers are proven to be less responsible with other occupants in the car and because of this, their auto insurance rates are much higher.
The chart below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
Credit rating impacts prices – Credit rating can be an important factor in determining what you pay. Insureds that have excellent credit tend to be more responsible than drivers with worse credit. If your credit score can use some improvement, you could be paying less to insure your Toyota Matrix by improving your rating.
Bad drivers pay high prices – Having just one speeding ticket can increase the cost of insurance by twenty percent. Good drivers tend to pay less for car insurance compared to bad drivers. Drivers unfortunate enough to have careless citations like DUI or willful reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.
The example below highlights how speeding tickets and accident claims drive up Toyota Matrix yearly insurance costs for each age group. The price estimates are based on a married male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
Toyota Matrix insurance discounts in Miami
Some providers don’t always publicize all their discounts in an easy-to-find place, so the list below gives a summary of a few of the more well known as well as some of the hidden ways to save on car insurance.
- Telematics Data Discounts – Drivers that enable companies to study driving patterns by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction if they are good drivers.
- Fewer Miles Equal More Savings – Fewer annual miles on your Toyota may allow you to get substantially lower premium rates.
- Active Service Discounts – Being on active deployment in the military could qualify you for better premium rates.
- Waiver for an Accident – This isn’t a discount exactly, but companies like State Farm, Progressive and GEICO will allow you to have one accident before hitting you with a surcharge with the catch being you have to be claim-free before the accident.
- Good Student Discount – This discount may save as much as 25% on a Miami car insurance quote. Many companies even apply the discount to college students until age 25.
- Discounts for Good Drivers – Accident-free drivers can save up to 40% or more on their Miami car insurance quote than drivers with accident claims.
- Theft Deterrent – Cars and trucks that have factory anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your Miami car insurance quote.
- Payment Discounts – By making one initial payment instead of making monthly payments you can avoid the installment charge.
One last thing about discounts, some credits don’t apply to the entire cost. Most only reduce individual premiums such as liability and collision coverage. Even though it may seem like it’s possible to get free car insurance, it’s just not the way it works.
The diagram below illustrates the difference between Toyota Matrix auto insurance costs with and without some available policy discounts. The prices are based on a male driver, no claims, a clean driving record, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, marriage, multi-car, and safe-driver discounts applied.
Car insurance companies who might offer these money-saving discounts possibly include:
If you need lower rates, check with each company which discounts you qualify for. Some of the earlier mentioned discounts may not apply in every state. If you would like to view insurers that have a full spectrum of discounts in Florida, follow this link.
Auto insurance is available from agents near you
A small number of people would rather get professional advice from a licensed agent and that is not a bad decision One of the benefits of comparing rate quotes online is that drivers can save money and get cheap auto insurance quotes and still buy from a local agent.
To find an agent, once you fill out this quick form, your insurance coverage information is immediately sent to participating agents in Miami who will give you bids for your coverage. There is no need to drive around because prices are sent straight to your inbox. It’s the lowest rates AND an agent nearby. If you need to compare rates from one company in particular, you can always go to their quote page and fill out their quote form.
Finding a good insurer should depend on more than just a cheap price quote. Any agent in Miami should have no problem answering these questions:
- Will your rates increase after a single accident?
- Is there any savings for paying the full premium?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- What are the financial ratings for the companies they represent?
- Will you work with the agent or an assistant?
- Are they able to influence company decisions when a claim is filed?
- Do they assist clients in filing claims?
Different types of Miami auto insurance agents
When finding a local Miami insurance agent, you must know there are a couple types of insurance agents that you can choose from. Insurance agencies in Miami can either be exclusive or independent agents depending on their company appointments.
Exclusive Agencies
These type of agents can only write with one company like State Farm, Allstate, and Farm Bureau. Exclusive agents are unable to provide rate quotes from other companies so they have no alternatives for high prices. They are usually quite knowledgeable on their company’s products which can be an advantage. Some insured continue to purchase coverage from exclusives primarily because of the prominence of the brand instead of buying on price only.
The following are Miami exclusive insurance agents that are able to give comparison quotes.
- GEICO Insurance Agent
8514 SW 8th St – Miami, FL 33144 – (305) 595-2911 – View Map - Allstate Insurance: Ramon Balladares
2455 SW 27th Ave #210 – Miami, FL 33145 – (305) 859-8556 – View Map - Allstate Insurance: Eduardo Ferraz
1110 Brickell Ave Ste 105 – Miami, FL 33131 – (305) 379-3666 – View Map
Independent Agencies or Brokers
Independent agencies can quote rates with many companies and that allows them to write policies amongst many companies and get the cheapest rates. If you are not satisfied with one company, the business is moved internally and you can keep the same agent. If you are trying to find cheaper rates, it’s a good idea to get quotes from several independent agencies to maximize your price options. Many write coverage with different regional companies which may have better rates.
Below is a list of independent agents in Miami that are able to give comparison quotes.
- Sunshine Insurance Agency Inc
2595 SW 87th Ave – Miami, FL 33165 – (305) 559-7873 – View Map - Alhambra Insurance
932 SW 67th Ave – Miami, FL 33144 – (305) 774-9210 – View Map - Neighbors Insurance Agency
7149 W Flagler St – Miami, FL 33144 – (786) 401-4820 – View Map
If you feel you receive answers to your satisfaction to your questions as well as an affordable premium quote, most likely you have located an insurance agent that meets your needs to provide auto insurance coverage. It’s important to know that it’s your coverage and you can cancel your coverage at any point so don’t think that you are permanently stuck with any specific agency with no way out.
Florida car insurance company ratings
Ending up with the top auto insurance provider can be rather challenging considering how many companies there are to choose from in Miami. The rank data shown next can help you analyze which auto insurance companies you want to consider comparing rates from.
Top 10 Miami Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Top 10 Miami Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Smart consumers save more
When getting Miami car insurance quotes online, never buy poor coverage just to save money. In many instances, consumers will sacrifice uninsured motorist or liability limits only to find out that their decision to reduce coverage ended up costing them more. Your focus should be to find the BEST coverage for the lowest price, but don’t skip important coverages to save money.
Drivers leave their current company for many reasons like high prices, delays in responding to claim requests, high rates after DUI convictions or even policy cancellation. Regardless of your reason, finding the right auto insurance provider is actually quite simple.
Cheap Toyota Matrix insurance in Miami can be bought both online and from local agencies, and you should compare rates from both to have the best selection. Some insurance providers may not provide online price quotes and most of the time these small, regional companies provide coverage only through independent agencies.
How to find lower priced Toyota Matrix insurance in Miami
If you want to save money, the best way to find the cheapest price for car insurance rates is to start comparing prices regularly from companies that insure vehicles in Miami.
- Step 1: Spend some time learning about what coverages are included in your policy and the things you can control to drop your rates. Many policy risk factors that drive up the price like accidents, traffic violations, and an imperfect credit history can be remedied by making minor changes to your lifestyle.
- Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like Progressive or Farmers Insurance, while independent agents can quote rates from multiple insurance companies.
- Step 3: Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate and buy the policy, ensure there is no coverage lapse between policies.
An important part of this process is that you’ll want to make sure you compare similar coverage information on every quote and and to compare as many companies as possible. This guarantees a level playing field and a complete price analysis.
For more information, link through to the articles below:
- Cellphones, Texting and Driving (iihs.org)
- How Much are Miami Auto Insurance Rates for Immigrants? (FAQ)
- Who Has Affordable Miami Auto Insurance Rates for a Ford F-150? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Honda Civic in Miami? (FAQ)
- Who Has Affordable Miami Auto Insurance for Felons? (FAQ)
- Who Has Cheap Miami Auto Insurance Quotes for Homeowners? (FAQ)
- Insuring a Leased Car (Insurance Information Institute)
- Coverage Information (Progressive Insurance)
- Comprehensive Coverage (Liberty Mutual)