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.
If 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.
- First, try to understand coverages and the things you can control to prevent high rates. Many factors that result in higher prices like speeding tickets, careless driving and a less-than-favorable credit rating can be controlled by making small lifestyle or driving habit changes.
- Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like Progressive or Farmers Insurance, while agents who are independent can provide prices for many different companies.
- Third, compare the new rates to your current policy and see if you can save money. If you find a better price and buy the policy, make sure coverage does not lapse between policies.
- Fourth, notify your company or agent of your decision to cancel your current coverage and submit any necessary down payment along with the completed application to the newly selected company. Once the paperwork is finalized, place your new proof of insurance certificate above your visor, in the console, or in the glove compartment.
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.
- Auto/Home Discount – If you can bundle your homeowners and auto insurance and insure them both with the same insurance company you could get a discount of approximately 10% to 15%.
- Seat Belts Save – Forcing all vehicle occupants to fasten their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
- Early Switch Discount – Some larger companies provide a discount for switching policies prior to the expiration date on your current CX-7 insurance policy. It’s a savings of about 10%.
- Driver Training Discounts – Successfully completing a course teaching defensive driving skills could save 5% or more and easily pay for the cost of the class.
- Data Collection Discounts – Insureds that choose to allow data collection to look at vehicle usage by using a telematics device in their vehicle like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if they have good driving habits.
- Discount for Low Mileage – Maintaining low annual mileage may allow you to get lower premium rates on the low mileage vehicles.
- Air Bags and Passive Restraints – Factory options such as air bags or automatic seat belts can qualify for discounts up to 30%.
- Life Insurance Discount – If the company offers life insurance, you could get a discounted auto insurance rate on car insurance if you buy life insurance from them.
- Paper-free Discount – Some of the larger companies may give you up to $50 just for signing your application on the web.
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.
| 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 |
| Get Your Own Custom Quote Go | |||||||
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.
| 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 |
| Get Your Own Custom Quote Go | |||||||
| 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 |
| Get Your Own Custom Quote Go | |||||||
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.
Once 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.
- ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave – Colorado Springs, CO 80904 – (719) 473-6262 – View Map - Insurance Network of Co
2525 W Pikes Peak Ave # C – Colorado Springs, CO 80904 – (719) 635-9720 – View Map - Mary Beth Stiltner Insurance Agency
1880 Dublin Blvd # C – Colorado Springs, CO 80918 – (719) 528-1555 – View Map
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.
- Allstate Insurance: Cally O’Donnell
3993 Academy Blvd N – Colorado Springs, CO 80917 – (719) 596-8800 – View Map - Lee Ann Moore – State Farm Insurance Agent
3649 Star Ranch Rd – Colorado Springs, CO 80906 – (719) 540-9520 – View Map - State Farm: Dan Lewis
1867 S Academy Blvd – Colorado Springs, CO 80916 – (719) 434-3944 – View Map
Choosing the best insurance agency shouldn’t rely on just the quoted price. Below are some questions you should ask.
- Is auto insurance their primary focus in Colorado Springs?
- Are they full-time agents?
- Who is covered by the car insurance policy?
- When do they do policy reviews?
- Do they get paid more for recommending certain coverages?
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.
Additional insurance information can be found at these links:
- Older Drivers FAQ (iihs.org)
- What Insurance is Cheapest for a Nissan Rogue in Colorado Springs? (FAQ)
- Eight Auto Insurance Myths (Insurance Information Institute)
- Anti-Lock Brake FAQ (iihs.org)
- Collision Coverage (Liberty Mutual)