Mazda CX-7 Insurance Rate Quotes in Colorado Springs

Unfortunately, a large majority of drivers have been with the same company for a minimum of four years, and 38% of drivers have never compared rate quotes at all. Colorado Springs drivers can save up to 35% each year just by shopping around, but they don’t know the actual amount they would save if they switch to a new company.

Insurance rates Mazda CX-7 in Colorado SpringsIf you want to find the absolute lowest rates, then the best way to find cheaper Mazda CX-7 insurance in Colorado Springs is to make a habit of comparing prices annually from companies that sell auto insurance in Colorado.

One key aspect of rate comparisons is to make sure you enter the same deductibles and limits on every quote request and and to get rates from as many auto insurance providers as possible. This helps ensure a fair rate comparison and plenty of rates choose from.

The car insurance companies shown below offer free quotes in Colorado Springs, CO. If you want to find cheap car insurance in Colorado, we suggest you visit two to three different companies to get the most competitive price.

You may qualify for discounts for Mazda CX-7 insurance in Colorado Springs

Companies don’t always list all their discounts in a way that’s easy to find, so the list below details some of the best known as well as the least known credits available to bring down your rates.Save money with discounts

Discounts save money, but please remember that most credits do not apply to the whole policy. Some only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think all the discounts add up to a free policy, auto insurance companies aren’t that generous.

The diagram below shows the comparison of Mazda CX-7 insurance costs with and without discounts applied to the rates. The costs are based on a female driver, no driving violations, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, claim-free, homeowner, and multi-policy discounts applied.

If you would like to choose from a list of auto insurance companies who offer cheap Mazda CX-7 insurance quotes in Colorado Springs in Colorado Springs, click here.

Data for Mazda CX-7 insurance

The rate table shown next covers estimates of insurance prices for Mazda CX-7 models. Being able to understand how rates are determined can help you make decisions on which coverage to buy.

Mazda CX-7 Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CX-7 SV 2WD $192 $288 $460 $28 $138 $1,106 $92
CX-7 Sport 2WD $216 $288 $460 $28 $138 $1,130 $94
CX-7 Touring 2WD $216 $288 $460 $28 $138 $1,130 $94
CX-7 Touring 4WD $216 $340 $460 $28 $138 $1,182 $99
CX-7 Grand Touring 2WD $240 $340 $460 $28 $138 $1,206 $101
CX-7 Grand Touring 4WD $240 $340 $460 $28 $138 $1,206 $101
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rates do not factor in specific location which can increase or decrease insurance rates significantly.

Higher deductibles save money

When shopping for auto insurance, a common question is how high should your deductibles be. The comparison tables below sum up the cost difference when you buy lower versus higher physical damage deductibles. The first data table uses a $250 deductible and the second price chart uses a $500 deductible.

Mazda CX-7 insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CX-7 SV 2WD $272 $458 $352 $20 $106 $1,233 $103
CX-7 Sport 2WD $306 $458 $352 $20 $106 $1,267 $106
CX-7 Touring 2WD $306 $458 $352 $20 $106 $1,267 $106
CX-7 Touring 4WD $306 $538 $352 $20 $106 $1,347 $112
CX-7 Grand Touring 2WD $342 $538 $352 $20 $106 $1,383 $115
CX-7 Grand Touring 4WD $342 $538 $352 $20 $106 $1,383 $115
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Mazda CX-7 insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CX-7 SV 2WD $220 $368 $352 $20 $106 $1,066 $89
CX-7 Sport 2WD $250 $368 $352 $20 $106 $1,096 $91
CX-7 Touring 2WD $250 $368 $352 $20 $106 $1,096 $91
CX-7 Touring 4WD $250 $434 $352 $20 $106 $1,162 $97
CX-7 Grand Touring 2WD $278 $434 $352 $20 $106 $1,190 $99
CX-7 Grand Touring 4WD $278 $434 $352 $20 $106 $1,190 $99
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rates do not factor in Colorado Springs location which can increase or decrease price quotes greatly.

Using the premium rates above, we can conclude that using a $250 deductible costs about $16 more each month or $192 a year averaged for all CX-7 models than opting for the higher $500 deductible. Since you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 16 months between claims, you would come out ahead by going with a higher deductible.

Mazda CX-7 insurance costs by age and gender

The chart below compares Mazda CX-7 auto insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no claims, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

Mazda CX-7 liability-only versus full coverage

The example below illustrates the difference between Mazda CX-7 insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. Data assumes no accidents or driving violations, $250 deductibles, marital status is single, and no additional discounts are factored in.

When to stop buying full coverage

There is no definitive rule to eliminate physical damage coverage, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your Mazda CX-7 book value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after you pay the deductible. If you are paying in excess of $400 annually for physical damage coverage, then it might be time to buy liability only.

There are some conditions where removing full coverage is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

You Can Change Your Insurance Rates

Lots of factors are used when premium rates are determined. A few of the factors are predictable such as your driving record, but some are more obscure such as your marital status or how safe your car is.

The items below are some of the items used by companies to determine prices.

Car plus home equals more savings – Many insurance companies apply discounts to customers who buy several policies from them in the form of a multi-policy discount. The discount can be anywhere from five to ten percent in most cases. Even with this discount, you still need to compare other company rates to help ensure you have the lowest rates.

Lower premiums with continuous coverage – Having an insurance coverage lapse can be a fast way to drive up your policy premiums. In addition to paying higher rates, not being able to provide proof of insurance may earn you a license revocation or jail time.

Claim-free discounts can add up – Companies in Colorado provide lower rates to policyholders who only file infrequent claims. If you frequently file small claims, you can pretty much guarantee higher premiums or even policy non-renewal. Insurance coverage is designed for major claims that would cause financial hardship.

Is you employer costing you more? – Occupations such as lawyers, executives, and accountants generally pay the highest rates in part from stressful work requirements and long work days. Other careers like scientists, students and retirees have the lowest average rates.

Premiums increase with driving tickets – Your driving record impacts premiums far more than you think. Attentive drivers receive lower rates than their less careful counterparts. Getting just one driving citation can increase rates to the point where it’s not affordable. Drivers who have gotten license-revoking violations like reckless driving or DUI may need to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to legally drive a vehicle.

The chart below demonstrates how citations and at-fault collisions can impact Mazda CX-7 annual premium costs for different age groups. The information is based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.

Raise your deductibles for better rates – Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Mazda. Examples of covered claims are a windshield shattered by a rock, damage from fire, and damage from a fallen tree branch. Your deductibles tell how much you are willing to pay before your auto insurance pays a claim. The more damage repair cost you pay before a claim is paid (deductible), the lower your rates will be.

Do I need a local insurance agent?

Many people would rather have an agent’s advice and that is a personal choice. Professional agents are trained risk managers and give you someone to call. One of the best bonuses of comparing rate quotes online is you may find better rates and still buy from a local agent. Buying from and supporting local agencies is important particularly in Colorado Springs.

Insurance agency in Colorado SpringsOnce you complete this short form, the quote information is instantly submitted to local insurance agents in Colorado Springs who will return price quotes for your coverage. It’s much easier because you don’t need to find an agent on your own since rate quotes are delivered to the email address you provide. If for some reason you want to get a price quote from a specific insurance company, you would need to navigate to their website and fill out the quote form the provide.

If you need to find a local agent, you should know the types of insurance agents and how they differ in how they quote coverages. Colorado Springs agents can be described as either independent agents or exclusive agents. Both insure your vehicles properly, but it’s important to know the differences since it could factor into the type of agent you choose.

Independent Car Insurance Agencies

Agents that elect to be independent are appointed with more than one company and that gives them the ability to insure with a variety of different insurance companies and get the cheapest rates. If premiums increase, the business is moved internally and you won’t have to switch agencies.

When shopping rates, it’s a good idea to compare quotes from independent agents for the best price selection. Most also write with smaller mutual companies that may have much lower rates than larger companies.

Featured below is a partial list of independent insurance agencies in Colorado Springs that can give you rate quotes.

More Colorado Springs agents

Exclusive Insurance Agents

Exclusive agents normally can only provide a single company’s rates and examples are Farmers Insurance or State Farm. These agents are not able to compare other company’s rates so always compare other rates. Exclusive agents are usually quite knowledgeable on sales techniques which aids in selling service over price. A lot of people purchase coverage from exclusives mainly due to the prominent brand name and the convenience of having a single billing for all their coverages.

The following is a short list of exclusive agents in Colorado Springs willing to provide comparison quotes.

More Colorado Springs agents

Choosing the best insurance agency shouldn’t rely on just the quoted price. Below are some questions you should ask.

Once you have acceptable answers for all questions you ask as well as inexpensive Mazda CX-7 insurance in Colorado Springs quotes, it’s possible that you found a car insurance agent that will properly service your car insurance policy. Just remember you have the power to cancel your policy when you choose so never assume you are locked into a policy for the full term.

Insurance savings summarized

People leave their current company for a number of reasons such as questionable increases in premium, high rates after DUI convictions, unfair underwriting practices and even policy non-renewal. Regardless of your reason, finding a new company can be less work than you think.

Low-cost Mazda CX-7 insurance in Colorado Springs is attainable from both online companies and also from your neighborhood Colorado Springs agents, so get free Colorado Springs car insurance quotes from both of them to have the best rate selection. Some insurance providers do not offer online rate quotes and these small insurance companies work with independent agents.

When trying to cut insurance costs, it’s very important that you do not buy poor coverage just to save money. There have been many cases where consumers will sacrifice liability coverage limits only to find out that their decision to reduce coverage ended up costing them more. Your strategy should be to get the best coverage possible at a price you can afford.

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