Finding competitive insurance for a Mazda CX-7 in Indiana is normally pretty easy, but it is dependent upon lots of different rating factors such as annual miles driven, the performance level of your vehicle, and citations on your driving record. Indiana drivers will pay around $903 per year for CX-7 insurance, but that price is a valuation based upon a 50-year-old single male driver with full physical damage coverage and $250 deductibles.
If we were betting, you aren't exactly 50 years old or even a male, possibly married instead of single, or maybe you want more liability coverage than is required by law in Indiana. Not everyone needs the same coverages, so the only way to find cheap car insurance rates for your Mazda is to do your own rate comparisons.
Vehicle trim level will most likely have an effect on the insurance rate, so the price you will be charged to insure a CX-7 SV 2WD will cost $116 less than the insurance cost for the more expensive CX-7 Grand Touring 4WD model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CX-7 SV 2WD||$186||$376||$318||$18||$94||$992||$83|
|CX-7 Sport 2WD||$210||$376||$318||$18||$94||$1,016||$85|
|CX-7 Touring 2WD||$210||$376||$318||$18||$94||$1,016||$85|
|CX-7 Touring 4WD||$210||$444||$318||$18||$94||$1,084||$90|
|CX-7 Grand Touring 2WD||$234||$444||$318||$18||$94||$1,108||$92|
|CX-7 Grand Touring 4WD||$234||$444||$318||$18||$94||$1,108||$92|
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rates do not factor in your specific Indiana location which can lower or raise price quotes considerably.
Locating affordable insurance is not easy, and deciding which companies have the most affordable insurance rates for a Mazda CX-7 in Indiana takes even more diligence. Each insurer has a proprietary method to set their prices, so let's take a look at the insurance companies that tend to be cheaper in Indiana.
Find Cheaper Car Insurance for Your CX-7
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$875|
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Travelers generally has some of the cheapest car insurance rates in Indiana at around $596 a year. This is $644 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve would also make the list of some of the most economical Indiana auto insurance companies.
In the rate table above, if you are currently insured with Cincinnati Insurance and switched to Travelers, you might achieve annual savings of approximately $82. Insureds with Erie may save as much as $130 a year, and Western Reserve policyholders might reduce prices by as much as $250 a year.
To compare your rates to other Indiana insurance companies, click here to start a quote or visit several of the following companies.
Remember that these premiums are averaged for all types of insureds and vehicles and are not factoring in a specific rate value for a Mazda CX-7. So the insurer that fits your needs best may not even be in the top 36 companies shown above. That is why you need to get quotes using your own personal information and vehicle type.
Cautious drivers save money
The common sense way to enjoy good insurance premiums in Indiana for a CX-7 is to drive carefully and avoid at-fault accidents and violations. The illustration below highlights how speeding tickets and fender-benders can raise insurance premiums for different insured age categories. Data assumes a single female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of auto insurance per year with no accidents and a clean driving record is $1,851. Get one speeding ticket and the average cost rises to $2,095, an increase of $243 each year. Now get two accidents along with the one speeding ticket and the yearly cost of insurance for a Mazda CX-7 in Indiana jumps again to an average of $4,128. That's an increase of $2,276, or $190 per month, just for being a careless driver!
The chart below highlights how deductible choice can influence insurance costs when trying to find cheap insurance for a Mazda CX-7 in Indiana. The premium estimates are based on a married male driver, full coverage, and no policy discounts are applied.
The data above shows that a 30-year-old driver could cut expenses by $302 a year by switching from a $100 deductible to a $500 deductible, or save $454 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old example, have the ability to save $912 annually just by using higher deductibles.
When choosing a higher deductible, it's a good idea to have additional funds squirreled away to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
You may be paying too much for CX-7 insurance
Indiana insurance rates are impacted by many factors that will increase or decrease the cost of coverage. Simply having another birthday, filing a claim, or getting a ticket for careless driving can trigger price changes that can cause some rates to be much cheaper than others. In addition, insurance companies change rates as often as every quarter to reflect underwriting profits or losses. A period of higher than normal claims may cause rate increases, while long-term profits may cause more affordable CX-7 insurance rates.
To illustrate this point, the data below shows the company with the cheapest car insurance in Indiana for a 45-year-old female driver with no accidents, a clean driving record, and good financial standing. If we compare prices based on her current situation, Travelers quotes the lowest car insurance rates in Indiana at $602 a year. This is $638 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also included in the most affordable Indiana auto insurance companies.
The next chart shows rates after we give the driver from above an at-fault accident, poor credit, and an imperfect driving record. Since each company uses their own calculation for determining prices, comparing insurance quotes could result in a different ranking of companies as shown below.
Indiana Farmers Mutual now has the cheapest insurance rate in Indiana with Auto-Owners, Utica National, State Farm, and Nationwide now rounding out the top five. This example proves why consumers need to compare rates to find the most affordable car insurance rates for a Mazda CX-7.
Prices are determined by many factors and can change without notice, so the most economical option six months ago may now be quite expensive.
Tips for buying economical car insurance for a Mazda CX-7
Here are many penny-pinching suggestions that can help Indiana drivers get cheap coverage.
- Do not get tickets
- Drive attentively and avoid accidents
- Don't waste money on full coverage for older vehicles
- Buy vehicles with five-star safety ratings
- Raise your physical damage coverage deductibles
- Improve your credit
- Shop around for cheaper prices
The last suggestion is incredibly valuable, as we discussed in this write-up. Prices charged by car insurance companies vary considerably, so don't be afraid to buy a policy from a new company if a lower price can be found. Many drivers prefer to stick with one company, but it isn't a good idea if that stubbornness costs you a small fortune year after year. If you have a few minutes, now is a great time to compare rates to find cheaper car insurance for a Mazda CX-7.