Cheapest Insurance for a Mazda CX-7 in Raleigh

Confused by the number of insurance sources that you can choose from? Lot’s of other people are too. North Carolina drivers have such a large number of options that it can easily become a challenge to find the lowest price for Mazda CX-7 insurance in Raleigh. Raleigh is a great place to live, but expensive insurance rates can make it very difficult to keep a tight budget.

Astonishing but true according to a recent study, over 70% of consumers have bought insurance from the same company for at least four years, and just short of a majority have never compared rates from other carriers. Many drivers in Raleigh could save themselves roughly 10% a year just by getting comparison quotes, but they underestimate the actual amount they would save if they changed companies.

When comparison shopping, quoting more will enable you to find a better price. Not every company provides online Raleigh CX-7 insurance quotes, so it’s important to also get price quotes from those companies as well.

The providers in the list below offer quotes in North Carolina. If your goal is to find cheap car insurance in Raleigh, we suggest you visit as many as you can to get the best price comparison.

Car insurance discounts are available to get cheap rates

Insurance can cost an arm and a leg, but there could be significant discounts that many consumers don’t even know exist. Many of these discounts will be applied automatically at quote time, but a few need to be specially asked for prior to receiving the credit.

• Low Mileage – Low annual miles could qualify for substantially lower rates.
• Theft Deterrent System – Cars equipped with tracking devices and advanced anti-theft systems can help prevent theft and will save you 10% or more on CX-7 insurance in Raleigh.
• Sign Online – A few larger online companies give back up to $50 shop Raleigh auto insurance over the internet.
• Driver Training Discounts – Successfully completing a course that instructs on driving safety could possibly earn you a 5% discount and also improve your driving technique.
• Student in College – Youth drivers who live away from home at college and do not have a car can be insured at a reduced rate.
• Discount for Good Grades – This discount can earn a discount of 20% or more. You can use this discount normally until age 25.
• Drive Safe and Save – Insureds who avoid accidents can save up to 40% or more on their Raleigh auto insurance quote than less cautious drivers.
• Active Military Service – Having a family member in the military could be rewarded with lower prices.

You should keep in mind that most discount credits are not given to the entire policy premium. Most only reduce individual premiums such as collision or personal injury protection. So when it seems like all the discounts add up to a free policy, car insurance companies aren’t that generous.

The diagram below illustrates the difference between Mazda CX-7 yearly insurance costs with and without policy discounts. The premiums assume a female driver, no accidents or driving violations, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, safe-driver, multi-car, claim-free, and multi-policy discounts applied.

Companies and some of their more popular discounts are detailed below.

• GEICO has discounts for driver training, air bags, good student, anti-lock brakes, and anti-theft.
• Auto-Owners Insurance may include discounts for paperless, anti-theft, company car, group or association, student away at school, and multiple vehicles.
• American Family may offer discounts for air bags, good student, Steer into Savings, good driver, accident-free, and defensive driver.
• Esurance discounts include anti-theft, Switch & Save, good driver, Pac-12 alumni, DriveSense, and defensive driver.
• Progressive offers discounts for homeowner, good student, continuous coverage, online quote discount, and multi-vehicle.
• State Farm offers premium reductions for good driver, Drive Safe & Save, accident-free, Steer Clear safe driver discount, student away at school, good student, and passive restraint.
• AAA includes discounts for pay-in-full, education and occupation, AAA membership discount, multi-car, multi-policy, and anti-theft.

It’s a good idea to ask each company or agent to apply every possible discount. Depending on the company, some discounts may not apply to policyholders in Raleigh. If you would like to see a list of insurance companies that have a full spectrum of discounts in North Carolina, click here.

Mazda CX-7 insurance rate analysis

The table displayed below highlights estimates of insurance premium costs for Mazda CX-7 models. Learning how auto insurance premiums are determined can aid in making informed decisions.

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium costs do not factor in vehicle garaging location which can raise or lower coverage prices greatly.

Should you raise deductibles?

The hardest decision when buying coverage is where should you set your physical damage deductibles. The comparisons below help summarize how much more rates are when you buy lower versus higher coverage deductibles. The first data set uses a $250 deductible for comp and collision and the second price table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Information does not factor in vehicle garaging location which can modify coverage prices considerably.

Based on this data, using a $250 deductible will cost you roughly $20 more each month or $240 every year than quoting the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 38 months between claims, you would save money if you decide on a higher deductible. The illustration below shows a better example of how we made this calculation.

Does full coverage make sense?

The information below illustrates the comparison of Mazda CX-7 auto insurance costs with full coverage compared to only the North Carolina minimum liability coverage. The premiums are based on a clean driving record, no claims, $250 deductibles, drivers are single, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There is no specific rule for eliminating full coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s say your Mazda CX-7 replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after paying the physical damage deductible. If it’s costing in excess of $500 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some conditions where removing full coverage is not in your best interest. If you haven’t paid off your loan, you must maintain physical damage coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.