Best Ways to Save on Phoenix Mazda CX-7 Insurance

Expensive insurance in Phoenix can consume your accounts and make it tough to pay other bills. Comparing rates annually can lower your rates and help to tighten up your finances.

A recent NerdWallet.com study revealed that a large majority of drivers have remained with the same insurance company for over three years, and roughly 40% of drivers have never compared quotes from other companies. Drivers in Phoenix can save approximately 50% each year by just comparing rate quotes, but most just don’t grasp the amount of money they would save if they bought a different policy.

Consumers have multiple car insurance companies to choose from, and even though it’s nice to have a selection, more options can take longer to find the lowest cost provider for Mazda CX-7 insurance in Phoenix.

Comparing rates for the cheapest coverage in Phoenix is actually quite simple. Virtually every vehicle owner who compares rate quotes for car insurance will more than likely get better rates. Nevertheless, Arizona car owners do need to understand how the larger insurance companies market on the web and take advantage of how the system works.

Best Mazda CX-7 insurance rate quotes in Arizona

The auto insurance companies shown below offer quotes in Phoenix, AZ. If more than one company is shown, we suggest you visit as many as you can to get a more complete price comparison.

Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Premium costs do not factor in vehicle location which can raise or lower prices greatly.

Auto insurance deductibles

When buying auto insurance, a common question is which deductibles should you choose. The following tables help summarize how much more rates are when you choose different comp and collision deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second pricing table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify prices substantially.

We can derive from the above data that using a $100 deductible costs roughly $22 more each month or $264 annually than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 18 months between claims, you would come out ahead by going with a higher deductible. The numbers below show the way this determination is made.

One thing to note is that raising deductibles to save money results in more money out-of-pocket when you have a claim. You need to have enough extra money in the event you have to pay the deductible.

Male drivers versus female drivers

The illustration below shows the difference between Mazda CX-7 car insurance rates for male and female drivers. The data assumes no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no policy discounts are applied.

Auto insurance policy discounts you can’t miss

Insurance can be prohibitively expensive, but there are discounts available that many consumers don’t even know exist. Certain discounts will be applied at quote time, but a few need to be asked for prior to getting the savings. If you don’t get every credit you deserve, you’re just leaving money on the table.

• Driver’s Ed – It’s a good idea to have your young drivers enroll in driver’s education if offered at their school.
• Theft Deterrent Discount – Cars and trucks that have factory anti-theft systems can help prevent theft and can earn a small discount on your policy.
• Homeowners Savings – Owning a house in Phoenix can earn you a little savings because maintaining a house shows financial diligence.
• Auto/Life Discount – Larger insurance companies have a lower auto insurance rate if you buy auto and life insurance together.
• Accident Forgiveness – Not a discount per se, but some insurance companies may permit one accident before your rates go up with the catch being you have to be claim-free for a set time period.

One thing to note about discounts is that most credits do not apply to the whole policy. Most only reduce specific coverage prices like comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

A list of auto insurance companies and some of the discounts can be found below.

• GEICO has savings for air bags, membership and employees, anti-lock brakes, anti-theft, multi-policy, and military active duty.
• Travelers offers discounts for payment discounts, home ownership, save driver, early quote, multi-policy, student away at school, and driver training.
• Nationwide discounts include accident-free, family plan, defensive driving, easy pay, business or organization, and Farm Bureau membership.
• Farmers Insurance has discounts for mature driver, early shopping, pay in full, teen driver, and bundle discounts.
• Esurance offers premium reductions for claim free, defensive driver, good student, Switch & Save, and online shopper.
• State Farm policyholders can earn discounts including safe vehicle, passive restraint, anti-theft, multiple autos, multiple policy, and good student.
• Progressive may include discounts for online quote discount, multi-policy, online signing, good student, continuous coverage, homeowner, and multi-vehicle.
• Mercury Insurance offers discounts including multi-policy, location of vehicle, multi-car, type of vehicle, ease of repair, low natural disaster claims, and good student.

Before purchasing a policy, check with every prospective company which discounts you may be entitled to. A few discounts may not apply to policies in Phoenix. To find auto insurance companies who offer cheap Mazda CX-7 insurance quotes in Arizona, click here to view.

Smart Consumers Know How to Buy Auto Insurance Cheaper

Many factors are part of the equation when you quote your car insurance policy. A few of the factors are predictable like an MVR report, although others are not quite as obvious like your continuous coverage or your vehicle rating. The best way to find cheaper auto insurance is to take a look at the rating factors that help determine the rates you pay for auto insurance. When consumers understand what determines premiums, this allows you to make good choices that will entitle you to cheaper rates.

The factors shown below are some of the items that factor into your rate level.

Lower miles equals lower premium – The more you drive your Mazda every year the more you will pay for auto insurance. A lot of companies charge to insure your cars based upon how much you drive. Vehicles that sit idle most of the time get more affordable rates than vehicles that have high annual mileage. Incorrect rating for your CX-7 can cost quite a bit. Verify your vehicle rating is rated on annual mileage, because improper ratings can cost you money.

Do you qualify for a multi-policy discount? – Most larger auto insurance companies afford discounts for people who have multiple policies with them. It’s known as a multi-policy discount. Even if you already get this discount, you may still want to comparison shop to verify if the discount is saving money. Drivers may still save even more than the discount by splitting coverages up.

Vehicle features that cut auto insurance rates – Choosing to buy a car with anti-theft technology or alarm system can help lower your rates. Anti-theft devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop your car from being stolen.

Don’t skimp on liability insurance – The liability section of your policy kicks in when you are found to be at fault for personal injury or accident damage. Liability insurance provides legal defense coverage to attempt to prove you were not liable. This coverage is relatively inexpensive compared to comp and collision, so drivers should carry high limits.

Mature drivers pay less – Beginning drivers in Arizona are proven to get distracted easily when driving with friends so they pay higher auto insurance rates. More mature drivers tend to be more responsible, cause fewer claims and accidents, and receive fewer citations.

Rates can be impacted by your vocation – Do you work in a high-stress field? Occupational choices like military personnel, airline pilots, and stock brokers have higher average rates in part from high stress levels and lots of time spent at work. Conversely, careers such as farmers, students and the unemployed have lower than average premiums.

Coverage deductibles are a factor – Coverage for physical damage, also called comprehensive and collision insurance, is used to repair damage to your Mazda. Examples of covered claims could be colliding with a building, flood damage, and rolling your vehicle. Deductibles for physical damage define how much you are willing to pay out-of-pocket if a claim is determined to be covered. The larger the amount the insured is willing to pay, the lower your rates will be.

Men drivers tend to cost more – Statistics demonstrate that men are more aggressive behind the wheel. However, don’t assume that females are better drivers. Both sexes have at-fault accidents at about the same rate, but guys cause more damage. Not only that, but men also get higher numbers of serious violations such as DWI and reckless driving. Young men ages 16 to 20 have the highest risk to insure and are penalized with high auto insurance rates.

When to get professional advice

When choosing coverage, there is no cookie cutter policy. Everyone’s situation is unique so this has to be addressed.
For example, these questions may help highlight whether your personal situation could use an agent’s help.

• Why are teen drivers so expensive to add on to my policy?
• Exactly who is provided coverage by my policy?
• Do I need roadside assistance coverage?
• Does my insurance cover my expensive audio equipment?
• How many claims can I have before being canceled?
• Is my custom paint covered by insurance?
• What is the ISO rating for a Mazda CX-7?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Car insurance agents near you

Certain consumers would prefer to sit down and talk to an agent and that is recommended in a lot of cases One of the best bonuses of comparing rates online is you can get cheap auto insurance quotes and still buy from a local agent. And supporting neighborhood insurance agencies is still important in Phoenix.

For easy comparison, once you complete this simple form, your insurance data gets sent to participating agents in Phoenix that can provide free Phoenix auto insurance quotes for your business. You won’t need to do any legwork because prices are sent to you directly. Get lower rates and a licensed agent to talk to. If you have a need to get a comparison quote from a particular provider, just search and find their rate quote page and give them your coverage information.

Different types of Phoenix auto insurance agents

If you want a local insurance agency, it helps to know the two types of insurance agents and how they can write your policy. Agents in Phoenix are either exclusive or independent.

Independent Insurance Agents

Agents of this type are not employed by any specific company and that enables them to quote your coverage with a variety of different insurance companies and find the cheapest rate. If your agent finds better pricing, your agent can switch companies and that require little work on your part.

If you need lower rates, you absolutely need to check rates from multiple independent agents in order to have the best price comparison.

Shown below is a short list of independent insurance agencies in Phoenix who may be able to give you free rate quotes.

More insurance agents

Exclusive Auto Insurance Agencies

Exclusive insurance agents write business for a single company and some examples include Allstate, State Farm and Farm Bureau. They generally cannot provide prices from multiple companies so they have no alternatives for high prices. Exclusive insurance agents are usually well trained on their company’s products and that can be a competitive advantage.

The following are Phoenix exclusive agents that are able to give price quote information.

More insurance agents

Selecting an insurance agency shouldn’t rely on just the quoted price. Some important questions to ask are:

• What company do they have the most business with?
• Are they full-time agents?
• Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
• Does the agency provide any after hours assistance?
• Where are claims handled?
• Is there any savings for paying the full premium?
• Does the agent have a valid license to sell insurance in Arizona?
• How will an accident affect your rates?

Upon getting positive responses for all questions you ask and low cost Mazda CX-7 insurance quotes, you’ve probably found a car insurance agent that is professional and can service your policy. Just be aware that it’s your policy and you can cancel a policy when you choose so don’t feel you’re contractually obligated to a specific company for the entire policy term.

Switch companies and save? Really?

Companies like State Farm, GEICO and Progressive constantly bombard you with television, radio, and online ads. They all seem to make an identical promise of big savings if you get a free Phoenix auto insurance quote and switch to their company. How can each company give you a lower rate on Mazda CX-7 insurance in Phoenix? It’s all in the words they use.

Most companies have a certain “appetite” for the driver that earns them the most money. One example of this type of insured may be over the age of 35, has never had a policy lapse, and has a high credit rating. A customer who matches that profile will most likely get cheap rates and as a result will probably save if they switch.

Drivers who don’t meet the ideal profile will get more expensive rates which translates to the driver buying from a lower-cost company. If you pay attention, the ads say “people who switch” not “everybody who quotes” will save that much if they switch. That is how insurance companies can advertise the way they do.

Because every company is different, you need to quote coverage with many companies. It is just not possible to predict which insurance companies will have the best premium rates at this point in time.

What is YOUR best insurance company?

As you quote Phoenix auto insurance, make sure you don’t buy lower coverage limits just to save a few bucks. In too many instances, an insured cut comprehensive coverage or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase plenty of coverage for the lowest price, but do not sacrifice coverage to save money.

There are still a few companies who may not provide internet price quotes and many times these smaller providers sell through independent agents. Affordable Mazda CX-7 insurance in Phoenix is definitely available online and also from your neighborhood Phoenix agents, and you need to comparison shop both to have the best chance of lowering rates.

Much more information about insurance in Arizona can be read on the following sites:

• Car Insurance: When not to Skimp (BankRate.com)
• Who Has Affordable Car Insurance Rates for Drivers with a Bad Driving Record in Phoenix? (FAQ)
• How Much are Phoenix Car Insurance Quotes for a GMC Sierra? (FAQ)
• What Auto Insurance is Cheapest for a Hyundai Elantra in Phoenix? (FAQ)
• Who Has Affordable Phoenix Car Insurance Rates for High Mileage Drivers? (FAQ)
• How to Avoid Buying a Flooded Car (Insurance Information Institute)
• Auto Insurance Facts and Statistics (Insurance Information Institute)
• Insurance Losses by Make and Model (iihs.org)