What Insurance is Cheapest for a Mazda CX-7 in Newark?

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Finding economical insurance for a Mazda CX-7 relies on many rating criteria such as how safe your vehicle is, your credit score, and driving violations. Drivers in New Jersey pay approximately $1,702 per year to insure their CX-7, but that cost is an estimation based on a 50-year-old single male driver with full comprehensive and collision coverage and $100 deductibles.

If we were betting, you're not a 50-year-old male, you might be married instead of single, or maybe you just want liability only. This shows why the only way to find cheap car insurance rates for your Mazda is to compare rates from as many companies as possible. Price quotes are quick and you will be able to compare rates from top-rated car insurance companies in New Jersey.

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The trim level of your Mazda will likely have an effect on the cost of coverage, so the cost to insure a CX-7 SV 2WD trim level will be $228 cheaper than the price to insure the more costly CX-7 Grand Touring 4WD trim level, as shown in the prices below.

Mazda CX-7 Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CX-7 SV 2WD $356 $770 $544 $32 $162 $1,864 $155
CX-7 Sport 2WD $402 $770 $544 $32 $162 $1,910 $159
CX-7 Touring 2WD $402 $770 $544 $32 $162 $1,910 $159
CX-7 Touring 4WD $402 $906 $544 $32 $162 $2,046 $171
CX-7 Grand Touring 2WD $448 $906 $544 $32 $162 $2,092 $174
CX-7 Grand Touring 4WD $448 $906 $544 $32 $162 $2,092 $174
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in garaging location in Newark which can revise coverage prices greatly.

Picking the right car insurance provider can be difficult considering how many choices there are in Newark. The company ratings shown next can help you choose which providers you want to consider comparing rates from. These ratings are only made up of major nationwide insurance companies, so companies that focus mainly on New Jersey business are not taken into consideration for the list.

Top 10 Major Auto Insurers in Newark Ranked by Customer Service

  1. Mercury Insurance
  2. The Hartford
  3. American Family
  4. Progressive
  5. GEICO
  6. USAA
  7. State Farm
  8. Travelers
  9. Farmers Insurance
  10. Allstate

Top 10 Major Auto Insurers Overall in Newark

  1. Mercury Insurance
  2. The Hartford
  3. Progressive
  4. Travelers
  5. State Farm
  6. Farmers Insurance
  7. Safeco Insurance
  8. USAA
  9. GEICO
  10. 21st Century

Rate increases following a ticket or accident

The common sense way to obtain cheap insurance premiums in New Jersey for a CX-7 is to be a cautious driver and maintain a clean driving record. The diagram below shows how traffic citations and accident claims can affect insurance premiums for different ages of insureds. The price estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

In the example above, the average cost of a car insurance policy per year with no violations or accidents is $2,809. Receive two speeding tickets and the average cost swells to $4,016, an increase of $1,207 each year. Then include two accidents along with the two speeding tickets and the yearly cost of insurance for a Mazda CX-7 jumps again to an average of $8,067. That's an increase of $5,257, or $438 per month, just for a couple of infractions!

Should you buy full coverage?

Buying cheaper insurance should be important to the majority of vehicle owners, and one common way to find cheaper insurance for a Mazda CX-7 is to buy liability only. The diagram below visualizes the comparison of insurance premiums with and without physical damage coverage. The data is based on no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no additional discounts are factored in.

If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs $2,934 per year over liability only. That touches on the question when is it a good idea to stop buying full coverage. There is no definitive formula for eliminating physical damage coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let's pretend your vehicle's replacement value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $9,000 after paying your policy deductible. If premium cost is more than $900 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

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

It is possible to find better rates, and here are some penny-pinching suggestions that can help you locate low-cost auto insurance.

That last idea is very necessary, as we noted in this write-up. Prices charged by auto insurers in Newark can change considerably based on profitability, so don't hesitate to change insurance companies if you find a cheaper price. Brand loyalty is not necessarily bad, but it's not a great idea if that loyalty results in overpaying money that could be going to better use. Now is a great time to compare prices to find cheaper insurance for a Mazda CX-7.

If you have coverage questions and would like to have a consultation when shopping for cheaper insurance for a Mazda CX-7, the insurance agencies listed below can provide answers to your questions and help you determine which insurance coverage you need. To find a Newark insurance agency closest to you, click the button at the bottom.

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