Best Cheap Insurance Quotes for a Mazda CX-7 in Maryland

The chances of finding the best cheap coverage for a Mazda CX-7 in Maryland is contingent on many different factors such as how you use your vehicle, whether you are claim-free, and if you have a history of accidents. Maryland drivers pay an average of $1,080 each year to insure a Mazda CX-7, but that rate is an estimation using a 40-year-old married male driver that included full coverage including both comprehensive and collision and $500 physical damage deductibles.

Most likely you are not a 40-year-old male, possibly single instead of married, or maybe your CX-7 is old enough that it doesn’t require full coverage. What appears to be a small change in input factors can cause significant differences in the policy rate.

Each driver has unique rating factors, so the best method for finding the most affordable coverage for your Mazda is to make a habit of comparing rates at every renewal. In just a couple of minutes you can get rates from the best companies that insure Mazda vehicles in Maryland.

Compare Mazda CX-7 Insurance Rates

Your vehicle’s trim level impacts the cost of insurance, so the rate you pay to insure a CX-7 SV 2WD model will be $130 lower than the price to insure the more expensive CX-7 Grand Touring 4WD version, as shown in the chart below.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in vehicle garaging location which can lower or raise insurance rates considerably.

Establishing which insurers offer the cheapest car insurance rates for a Mazda CX-7 will involve a bit more effort in order to find the lowest price.

Every car insurance company uses their own formula to set premium rates, so let’s take a look at the overall cheapest car insurance companies in Maryland. It’s a good idea to know that Maryland car insurance rates are determined by lots of factors that control the cost of a policy. Simply turning a year older, moving to a different location, or getting caught speeding can trigger rate changes resulting in some rates now being more affordable than competitors.

Compare Cheap Insurance Quotes for Your CX-7

Compare Rates Today

USAA has some of the most affordable car insurance rates in Maryland at around $930 each year. Liberty Mutual, Erie, Penn National, and State Auto also qualify as some of the most economical Maryland auto insurance companies.

In the above rates, if you currently buy coverage from Liberty Mutual and switched to USAA, you could earn an annual premium reduction of approxmiately $184. Policyholders with Erie may save as much as $185 a year, and Penn National customers might reduce prices by as much as $196 a year.

These estimates are averaged for all types of insureds and vehicles and do not factor in a specific rate factor for a Mazda CX-7. So the company that can offer the best rates for your situation may not even be featured in the company chart above. That helps illustrate why you need to quote rates from many companies using your own specific driver information and vehicle.

Full coverage rates vs. liability-only

Finding the best cheap insurance for a Mazda CX-7 in Maryland is the goal of most vehicle owners, and one good way to find cheap insurance is to buy only liability coverage. The information below illustrates the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Maryland. The rate quotes are based on no claims or violations, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

Averaged for all ages 20 through 70, physical damage insurance costs an additional $2,042 per year more than just buying liability only. Many drivers will wonder if buying full coverage is a good investment. There is no definitive rule of when to drop physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after you pay the deductible. If premiums are more than $500 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

Don’t stick with an overpriced policy

Maryland car insurance rates are impacted by many factors that may substantially change the price you have to pay for coverage. Turning one year older, buying a different home, or getting caught speeding can trigger price changes resulting in some rates now being more affordable than others.

Not only may things change on your end, but insurers change prices without warning to reflect underwriting profits or losses. An unexpected high level of claims can result in price increases, while long-term profits can produce more affordable CX-7 insurance rates.

As an example, the data below compares the cheapest car insurance in Maryland for a 40-year-old male driver with no accidents, a clean driving record, and great credit. If we estimate rates based on his personal risk profile, USAA has the most affordable car insurance rates in Maryland at $958 annually. This is $601 less than the average policy premium paid by Maryland drivers of $1,559. Penn National, Liberty Mutual, Erie, and State Auto also make the list of the top five cheapest Maryland auto insurance companies.

In this example, we will give the driver from above an accident surcharge, a lower credit rating, and a couple of points charged on his driving record. Because each insurer has their own formula for determing rates in each state, getting updated rate quotes may now result in a completely different list of cheap Maryland auto insurance companies as shown below.

MetLife now has the lowest price on auto insurance in Maryland with Nationwide, Travelers, GEICO, and Penn National now being in the top five. This example demonstrates why it is so important to compare rates when trying to get the most budget-friendly car insurance rates for a Mazda CX-7.

Insurance prices are calculated by many risk factors and change substantially, so the most economical company three years ago may now be wasting a lot of money.

How to find economical auto insurance for a Mazda CX-7

Here are some of the better money-saving suggestions that can help you find more affordable coverage.

• Accidents can significantly increase rates
• Higher deductibles mean lower rates
• Assess whether full coverage is needed
• Ensure your driving record is clean
• Try to remain claim-free
• Compare quotes from other companies often

The last tip is incredibly critical, as we hit on in this write-up. Prices adjust often, so don’t be afraid to switch to a new company if you find a better deal. Loyalty to a specific company is fine, but it’s not recommended if that inflexibility results in costing you a small fortune year after year. In just a few minutes you could compare prices to find cheaper insurance for a Mazda CX-7.