Buying economical insurance for a Mazda CX-7 relies on a lot of rating factors such as how far you commute, your credit history, and your choice of physical damage deductibles. Drivers in Florida will pay on average $1,477 each year to insure their CX-7, but that amount is an approximation calculated using a 50-year-old single male driver with both comprehensive and collision coverage and $100 deductibles.
But there is a high likelihood that you aren't exactly 50 years old or even a male, married instead of single, or maybe you need higher liability limits than the state minimum. Even a minor difference in the rating criteria used to formulate rates can result in a big discrepancy in the cost of insuring your CX-7.
Not every driver requires the same auto insurance coverages, so the best method for finding the cheapest coverage for your Mazda is to do the rate comparisons yourself. In less than five minutes you will get price quotes from some of the best insurers that insure Mazda vehicles in Florida.
The specific model of CX-7 will have an impact the annual cost of coverage, so the price you will pay to insure a CX-7 SV 2WD trim level will be $198 cheaper than the insurance cost for the high end CX-7 Grand Touring 4WD trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CX-7 SV 2WD||$308||$668||$472||$28||$142||$1,618||$135|
|CX-7 Sport 2WD||$348||$668||$472||$28||$142||$1,658||$138|
|CX-7 Touring 2WD||$348||$668||$472||$28||$142||$1,658||$138|
|CX-7 Touring 4WD||$348||$786||$472||$28||$142||$1,776||$148|
|CX-7 Grand Touring 2WD||$388||$786||$472||$28||$142||$1,816||$151|
|CX-7 Grand Touring 4WD||$388||$786||$472||$28||$142||$1,816||$151|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rate information does not factor in specific garaging location which can revise premiums substantially.
Deciding which companies have the cheapest auto insurance rates for a Mazda CX-7 in Florida may require a bit more work than just getting one or two price quotes.
Every auto insurer has a different process for determining rates, so let's examine the auto insurance companies with the overall cheapest rates in Florida. It's important to understand that Florida auto insurance rates are impacted by many factors which can substantially change the cost of coverage. Improving your credit rating, buying a home instead of renting, or having an accident may prompt premium changes that can make some companies more affordable than the competition.
Cheapest Insurance Rates for Your CX-7
|Rank||Company||Cost Per Year|
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USAA may offer some of the best car insurance rates in Florida at around $977 a year. Electric, Amica, Progressive, and Travelers also qualify as some of the cheaper Florida car insurance companies.
As shown above, if you are currently insured with Travelers and switched to Electric, you could see yearly savings of in the neighborhood of $214. Florida drivers with Mercury might save as much as $221 a year, and Allied policyholders might lower prices by $292 a year.
It's important to note that these policy prices are averages across all insureds and vehicles and are not factoring in a specific rate factor for a Mazda CX-7. So the company that can offer you the best rate may not even be in the list above. That underscores the importance of why you need to compare rates from multiple companies using your own specific driver information and vehicle.
The information below illustrates how your choice of deductibles can increase or decrease insurance premiums when searching for cheap insurance for a Mazda CX-7 in Florida. The premium estimates are based on a single male driver, comp and collision included, and no policy discounts are applied.
A 50-year-old driver could lower their policy premium by $492 a year by increasing from a $100 deductible to a $500 deductible, or save $744 by changing to a $1,000 deductible. Young drivers, like the 20-year-old example, could roll back prices as much as $1,614 annually by selecting a higher deductible.
When increasing deductibles, it will be important to have plenty of money set aside to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Drive responsibly or pay higher rates
The obvious way to find the best auto insurance rates in Florida for a CX-7 is to drive safe and avoid at-fault accidents and violations. The chart below shows how traffic citations and fender-benders can increase car insurance rates for different ages of insureds. The costs are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
The data in the chart shows the average cost of auto insurance in Florida per year with no violations or accidents is $1,909. Receive two speeding tickets and the average cost jumps to $2,628, an increase of $719 each year. Then add two accidents along with the two speeding tickets and the 12-month cost of auto insurance for a Mazda CX-7 in Florida increases to an average of $5,482. That's an increase of $3,573, or $298 per month, just for being a careless driver!
Tips for buying cheaper auto insurance for a Mazda CX-7 in Florida
The list below shows some money-saving solutions that can help drivers find low-cost car insurance.
- Higher physical damage deductibles lower rates
- Buy a car with high safety ratings
- Higher credit ratings may save you money
- Maintain a clean driving record
- Don't waste money on full coverage for older vehicles
- Accidents can significantly increase rates
- Compare rate quotes frequently
The final tip is highly significant, as was emphasized in the prior information. Coverage prices can change in a short period of time, so drivers shouldn't be reluctant to buy from a different company if you can find a cheaper rate.
Being loyal to a particular company is commendable, but it's not a great idea if it's costing you a small fortune year after year. In just a couple of minutes you could compare prices to find cheaper auto insurance for a Mazda CX-7.