Buying the cheapest insurance for a Mazda CX-7 hinges on a complicated formula that considers factors such as how far you commute, where your vehicle is garaged, and whether or not you are a good driver. Drivers in Louisiana pay approximately $1,998 per year for CX-7 insurance, but that figure is a projection calculated using a 30-year-old single female driver with full coverage and $100 deductibles.
But there is a high probability that you may not be 30 years old (or even female), maybe you are married instead of single, and you want different coverage limits than the example. Just a slight change in rating variables or coverage information can result in a massive change in the price of a policy.
Different coverage needs are the reason why the way we recommend to find cheap auto insurance rates for your Mazda is to compare as many rates as you can. Quotes are free and easy and you will receive prices from the best auto insurance companies around.
Vehicle trim level can impact the yearly cost, so the cost to insure a CX-7 SV 2WD model will cost $272 less than the insurance cost for the high end CX-7 Grand Touring 4WD version, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CX-7 SV 2WD | $444 | $888 | $628 | $38 | $188 | $2,186 | $182 |
| CX-7 Sport 2WD | $500 | $888 | $628 | $38 | $188 | $2,242 | $187 |
| CX-7 Touring 2WD | $500 | $888 | $628 | $38 | $188 | $2,242 | $187 |
| CX-7 Touring 4WD | $500 | $1046 | $628 | $38 | $188 | $2,400 | $200 |
| CX-7 Grand Touring 2WD | $558 | $1046 | $628 | $38 | $188 | $2,458 | $205 |
| CX-7 Grand Touring 4WD | $558 | $1046 | $628 | $38 | $188 | $2,458 | $205 |
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Information does not factor in zip code location which can modify price quotes substantially.
Deciding which insurers offer the most affordable insurance rates for a Mazda CX-7 takes more work in order to find the most economical policy. Each auto insurance company has a different process to determine rates, so let’s rank the insurance companies that tend to have lower prices in New Orleans, LA.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,626 |
| 2 | MetLife | $1,836 |
| 3 | Progressive | $1,946 |
| 4 | GEICO | $1,965 |
| 5 | Safeway | $2,154 |
| 6 | Southern Farm Bureau | $2,248 |
| 7 | California Casualty | $2,269 |
| 8 | State Farm | $2,383 |
| 9 | Safe Auto | $2,549 |
| 10 | Allstate | $3,035 |
| 11 | Encompass | $3,266 |
| 12 | Liberty Mutual | $3,719 |
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USAA quotes some of the best car insurance rates in New Orleans at around $1,626 annually. This is $788 less than the average rate paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway also are some of the more affordable New Orleans, LA car insurance companies.
In the above rates, if you are currently insured with GEICO and switched to MetLife, you may realize yearly savings of in the neighborhood of $129. Policyholders with Safeway may save as much as $318 a year, and Southern Farm Bureau insureds might reduce prices by as much as $412 a year.
These prices are averaged for all insureds and vehicles and do not factor in a specific zip code for a Mazda CX-7. So the company that fits you best may not even be in the top 12 companies in the list above. That point stresses why you need to get rate quotes using your own driver information and specific vehicle type.
Types of discounts on New Orleans auto insurance
Auto insurance companies that provide coverage for a Mazda CX-7 may provide premium discounts that could potentially reduce rates by as much as 30% if you qualify. Larger insurance companies and their offered discounts are detailed below.
- GEICO discounts include good student, emergency military deployment, five-year accident-free, anti-theft, multi-policy, daytime running lights, and driver training.
- USAA has discounts for vehicle storage, safe driver, good student, multi-vehicle, military installation, defensive driver, and new vehicle.
- Progressive may offer discounts for continuous coverage, multi-policy, homeowner, good student, online quote discount, and online signing.
- American Family offers discounts including good driver, good student, early bird, TimeAway discount, Steer into Savings, and multi-vehicle.
- Esurance includes discounts for emergency road assistance, online quote, paid-in-full, anti-theft, and good student.
- Farmers Insurance offers discounts for distant student, early shopping, bundle discounts, good student, mature driver, switch companies, and pay in full.
- State Farm policyholders can earn discounts including driver’s education, safe vehicle, accident-free, Drive Safe & Save, good student, and defensive driving training.
The chart below shows the comparison of insurance prices with and without some available policy discounts. The information is based on a female driver, no driving violations, no at-fault accidents, Louisiana 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 claim-free, multiple policy, marriage, passive restraint, accident-free, and homeowner discounts applied. In this example, theaverage amount saved on insurance for a Mazda CX-7 is 28% or $737.
The example below illustrates how choosing a deductible can change insurance rates when researching cheap insurance for a Mazda CX-7. The price estimates are based on a married female driver, full coverage, and no discounts are taken into consideration.
The chart above illustrates that a 40-year-old driver could lower rates by $392 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $596 by changing to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could shave up to $978 each year just by choosing higher deductibles when buying full coverage.
When using a larger deductible, it is essential to have enough spare savings to allow you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Why you should be shopping around
Louisiana insurance rates are determined by lots of factors which can significantly increase or decrease the policy premium. Improving your credit rating, filing a claim, or having a fender bender may prompt premium changes resulting in some rates now being cheaper than others. Not only may things change on your end, but companies change premium rates every year to adjust for gains or losses. Heavy losses may result in higher rates, while a better claims history can result in cheaper CX-7 insurance rates.
To help illustrate this point, the chart below compares the cheapest car insurance in New Orleans, LA for a 30-year-old female driver with no violations or accidents, and solid credit. If we compare prices based on her personal risk profile, USAA may offer the lowest car insurance rates in New Orleans at $2,727 per year. This is $313 more than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are the rest of the top five cheapest New Orleans, LA auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates a couple of claims, slightly worse credit, and a stop sign violation. Due to the fact that every auto insurer has a different formula for determining prices, analyzing rate quotes may result in a substantially altered list of affordable companies as shown below.
California Casualty now has the best price on car insurance in New Orleans, LA with State Farm, MetLife, USAA, and Safe Auto also being competitive. This example demonstrates why New Orleans drivers need to shop around to find the most budget-friendly insurance quotes for a Mazda CX-7.
Insurance rates are calculated by many risk factors and change frequently, so the best price the last time you shopped around may now cost much more than other companies.
Tips for finding low-cost insurance for a Mazda CX-7
The list below details some penny-pinching solutions that can help Louisiana drivers quote more affordable coverage.
- Do not pay for comprehensive and collision coverage on older vehicles
- Being accident-free can lower rates significantly
- Don’t have frequent claims
- Avoid speeding and other traffic citations and pay less
- Increase deductibles to save money
- Look for cheaper rates once a year by shopping around
The final tip is very important, as we pointed out in the prior information. Insurance prices adjust frequently, so drivers shouldn’t hesitate to switch to a new company if you find a cheaper price. Sticking with a specific company is fine, but it’s not a great idea if that inflexibility results in costing you lots of money. In just a few minutes you could compare rates to find cheaper car insurance for a Mazda CX-7 in New Orleans.