Buying the cheapest auto insurance for a Mazda CX-7 depends on a complicated rating formula that uses factors such as whether you are a homeower, your credit score, and the deductible amount you use. Nevada drivers will pay around $990 annually to insure their CX-7, but that figure is a projection based upon a 30-year-old single male driver with full comprehensive and collision coverage and $500 deductibles.
The issue with using an average estimated rate is the likelihood you're not a 30-year-old male, married instead of single, or maybe you want different physical damage deductibles. Auto insurance is not the same for everyone, so the best way to find cheap insurance prices for your Mazda is to just compare rates yourself. Quotes only take a few minutes and you will receive price comparisons from the cheapest companies that sell coverage in Nevada.
The specific trim level can impact the annual cost of coverage, so the cost to insure a CX-7 SV 2WD trim level will cost $116 less than the insurance cost for the higher-priced CX-7 Grand Touring 4WD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CX-7 SV 2WD||$220||$324||$404||$24||$120||$1,092||$91|
|CX-7 Sport 2WD||$250||$324||$404||$24||$120||$1,122||$94|
|CX-7 Touring 2WD||$250||$324||$404||$24||$120||$1,122||$94|
|CX-7 Touring 4WD||$250||$382||$404||$24||$120||$1,180||$98|
|CX-7 Grand Touring 2WD||$278||$382||$404||$24||$120||$1,208||$101|
|CX-7 Grand Touring 4WD||$278||$382||$404||$24||$120||$1,208||$101|
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price estimates do not factor in Nevada location which can modify coverage prices greatly.
Figuring out which companies offer the cheapest car insurance rates for a Mazda CX-7 in Nevada involves more time thank just comparing rates from one or two companies.
Every car insurance company has their own formula for determining rates in each state, so let's take a look at the lowest cost car insurance companies in Nevada.
Cheap Insurance Rates for Your CX-7
|Rank||Company||Cost Per Year|
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Allied quotes some of the cheapest car insurance rates in Nevada at around $921 each year. Travelers, Capital, Oregon Mutual, and Progressive would also make the list of some of the best Nevada insurance companies.
As depicted above, if you currently buy coverage from Progressive and switched to Travelers, you could realize a yearly savings of upwards of $263. Policyholders with American Family could save as much as $279 a year, and GEICO customers might cut rates by $280 a year.
To see if your current coverage is too expensive, click here to begin a quote or quote rates from the companies below.
Understand that those premiums are averaged for all insureds and vehicles and do not take into consideration a specific rate factor for a Mazda CX-7. So the car insurance company that has the cheapest price for you may not even be in the top 20 companies shown above. That point stresses why you need to compare prices as often as possible using your own driver and vehicle profiles.
Discounts on Nevada auto insurance
Insurance companies that offer coverage for a Mazda CX-7 could also offer price discounts that could potentially reduce rates by 30% or more if you qualify for them. A list of companies and a partial list of their discounts can be read below.
- 21st Century offers discounts for early bird, defensive driver, student driver, automatic seat belts, good student, and 55 and older.
- State Farm policyholders can earn discounts including defensive driving training, good driver, student away at school, driver's education, safe vehicle, and good student.
- AAA includes discounts for multi-policy, pay-in-full, anti-theft, AAA membership discount, and good student.
- Liberty Mutual may include discounts for new vehicle discount, new graduate, newly married, multi-policy, hybrid vehicle, safety features, and exclusive group savings.
- Progressive offers discounts including continuous coverage, online signing, homeowner, multi-policy, and good student.
The chart below shows the comparison of insurance premiums with and without policy discounts. Data assumes a male driver, no violations or accidents, Nevada state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple vehicle, defensive driving course, marriage, passive restraint, claim-free, and safe-driver discounts applied. With discounts applied, the average savings per year on car insurance for a Mazda CX-7 is 28% or $531.
Cost comparison with and without full coverage
Lowering the price of car insurance is important to the majority of drivers, and one way to reduce the cost of insurance for a Mazda CX-7 in Nevada is to buy only liability coverage. The chart below illustrates the comparison of insurance costs when comparing full coverage to liability only. The data assumes no claims or violations, $100 deductibles, drivers are not married, and no other discounts are factored in.
Averaged for all ages 20 through 70, physical damage coverage costs an extra $2,140 per year more than just buying liability insurance. That is a large expense and it proposes the question when is it a good idea to stop buying full coverage. There is no set rule for excluding full coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let's pretend your vehicle's replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after the policy deductible has been paid. If you are paying over $300 annually for physical damage coverage, then you may want to consider only buying liability coverage.
The illustration below shows how different deductible levels can change insurance prices when trying to find cheap insurance for a Mazda CX-7 in Nevada. The rates are based on a married male driver, full physical damage coverage, and no discounts are applied.
In the chart above, a 30-year-old driver could lower their policy premium by $284 a year by changing from a $100 deductible up to a $500 deductible, or save $430 by switching to a $1,000 deductible. Young drivers, like the 20-year-old example, could potentially save as much as $860 or even more by using a higher deductible.
When using a larger deductible, it will now be necessary to have enough funds in savings to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.