Save Money on Mazda CX-7 Insurance in Indianapolis

It takes a few minutes, but the best way to find affordable quotes for Mazda CX-7 insurance is to start comparing rates regularly from different companies in Indianapolis. You can shop around by completing these steps.

1. Try to understand how companies price auto insurance and the modifications you can make to prevent expensive coverage. Many rating factors that are responsible for high rates like traffic violations and a not-so-good credit rating can be amended by making minor driving habit or lifestyle changes.
2. Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like GEICO or Allstate, while independent agencies can quote rates from many different companies.
3. Compare the new rates to your current policy to determine if you can save on CX-7 insurance. If you can save money and buy the policy, ensure there is no coverage lapse between policies.
4. Provide adequate notice to your current company to cancel your current policy and submit the signed application along with the required initial payment for the new coverage. Once the paperwork is finalized, store the proof of insurance paperwork with the vehicle registration.

A good tip to remember is that you’ll want to make sure you compare the same amount of coverage on every quote and and to get price quotes from every company you can. This provides a fair rate comparison and a complete selection of prices.

It’s a fact that car insurance companies want to keep you from shopping around. Consumers who compare rates annually are very likely to buy a new policy because there is a great chance of finding a more affordable policy premium. A recent insurance study discovered that drivers who regularly compared rates saved approximately $3,400 over four years compared to other drivers who never shopped around for cheaper prices.

If finding the cheapest rates on car insurance in Indianapolis is your goal, then having some insight into the best way to shop and compare auto insurance can help make the process easier and more efficient.

If you already have coverage or are shopping for new coverage, use these cost-cutting techniques to shop for the lowest rates without having to cut coverage. Our objective is to teach you how car insurance works and some tricks to saving. Shoppers just have to use the quickest method to compare different rates using one simple form.

Auto insurance providers offering affordable price quotes in Indiana

The companies in the list below are our best choices to provide comparison quotes in Indiana. If multiple providers are shown, it’s a good idea that you get price quotes from several of them to get the cheapest price.

Mazda CX-7 insurance rate analysis

The premium table displayed below outlines detailed analysis of prices for Mazda CX-7 models. Understanding more about how car insurance prices are calculated can assist in making smart choices when buying a policy.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in specific Indianapolis garaging location which can affect auto insurance rates greatly.

Physical damage deductible comparison

One of the more difficult decisions when buying car insurance is the level to set your comp and collision deductibles. The rates below outline the differences in premium rates when you buy lower versus higher physical damage coverage deductibles. The first data table uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in specific location which can modify coverage prices substantially.

Based on these figures, using a $250 deductible would cost the average driver about $13 more each month or $156 a year averaged for all CX-7 models than opting for the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average more than 19 months between claim filings, you would come out ahead if you opt for a higher deductible.

Lower your insurance rates with these seven discounts

Some insurance providers don’t always advertise every discount they offer very well, so we took the time to find both the well known as well as some of the hidden credits that may apply to you.

• Theft Deterrent Discount – Vehicles equipped with anti-theft or alarm systems are stolen with less frequency and earn discounts up to 10% off your Indianapolis car insurance quote.
• Good Driver Discount – Insureds who avoid accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
• Air Bags and Passive Restraints – Factory options such as air bags and/or automatic seat belt systems may get savings of 20% or more.
• Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts may be able to save a few bucks on medical payment and PIP coverage.
• Bundled Policy Discount – If you can combine your auto and home policy and place coverage with the same company you may earn up to 20% off your total CX-7 insurance premium.
• Telematics Data – Policyholders that allow data collection to look at driving patterns by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they are good drivers.
• Good Student Discount – A discount for being a good student can earn a discount of 20% or more. You can use this discount normally well after school through age 25.

One thing to note about discounts is that most of the big mark downs will not be given to the overall cost of the policy. Most cut the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, it doesn’t quite work that way.

The diagram below shows the comparison of Mazda CX-7 insurance costs with and without discounts applied to the policy rates. The data is based on a female driver, no accidents, no driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, safe-driver, multi-policy, and marriage discounts applied.

Larger insurance companies and some of the discounts include:

• GEICO may have discounts that include membership and employees, seat belt use, anti-lock brakes, five-year accident-free, emergency military deployment, air bags, and driver training.
• Travelers may offer discounts for hybrid/electric vehicle, home ownership, driver training, good student, multi-policy, and early quote.
• Farm Bureau offers premium reductions for driver training, 55 and retired, multi-vehicle, youthful driver, and good student.
• Liberty Mutual may include discounts for multi-car, exclusive group savings, new move discount, teen driver discount, newly retired, good student, and safety features.
• American Family offers discounts including good driver, TimeAway discount, Steer into Savings, accident-free, and good student.
• Progressive has savings for online signing, continuous coverage, multi-vehicle, homeowner, good student, and online quote discount.

Before purchasing a policy, check with each company what discounts are available to you. All car insurance discounts may not be offered everywhere. To locate companies that have a full spectrum of discounts in Indianapolis, click here.

Insurance quotes from local Indianapolis insurance agents

Many drivers still like to talk to a local agent. Licensed agents can help determine the best coverages and will help you if you have claims. An additional benefit of getting online price quotes is that you can obtain lower prices and still choose a local agent. And buying from local agents is still important in Indianapolis.

Once you complete this quick form, the coverage information gets sent to local insurance agents who will give you quotes and help you find cheaper coverage. You won’t need to contact any insurance agencies due to the fact that quote results will go to the email address you provide. In the event you want to get a price quote from a specific insurance provider, you just need to jump over to their website and give them your coverage information.

The different types of auto insurance agents

If you’re trying to find a reliable insurance agent, there are two different agency structures and how they operate. Insurance policy providers can either be independent agents or exclusive agents. Both types can sell and service insurance coverage, but it’s worth learning why they differ since it can affect which agent you choose.

Independent Agents (or Brokers)

Agents in the independent channel are normally appointed by many insurers so they can insure your vehicles with many different companies and find you cheaper rates. If your agent finds better pricing, your agent can switch companies and you don’t have to find a new agent.

When comparing insurance rates, it’s recommended you contact independent agents in order to have the best price comparison. Most can insure with smaller regional carriers that can offer cheaper rates than bigger companies.

The following is a small list of independent insurance agents in Indianapolis that can possibly get you price quote information.

• Summit Insurance Agency Inc
  9302 N Meridian St #297 – Indianapolis, IN 46260 – (317) 844-4701 – View Map
• Owens Insurance Agency
  N Alabama St #350 – Indianapolis, IN 46204 – (317) 572-8080 – View Map
• Indiana State Agency
  2425 N Meridian St – Indianapolis, IN 46208 – (317) 923-7722 – View Map

View more Indianapolis agents

Exclusive Insurance Agencies

Exclusive insurance agents can only provide one company’s prices like State Farm, Allstate, or Farmers Insurance. They generally cannot provide other company’s prices so they really need to provide good service. These agents are well schooled on the products they sell and that enables them to sell even at higher rates. Some consumers prefer to use the same agent partially due to the brand rather than low price.

Listed below is a short list of exclusive insurance agencies in Indianapolis that can give you price quote information.

• Leland Brown Sr. – State Farm Insurance Agent
  5936 N Keystone Ave #201 – Indianapolis, IN 46220 – (317) 251-1400 – View Map
• Allstate Insurance: Sarah Franke
  916 Shadeland Ave – Indianapolis, IN 46219 – (317) 359-8271 – View Map
• American Family Insurance – Brian Ciesil
  1398 Shadeland Ave Ste 2233 – Indianapolis, IN 46219 – (317) 353-6225 – View Map

View more Indianapolis agents

Deciding on a insurance agent should depend on more than just a cheap quote. These are valid questions to ask:

• Do the companies they represent have a solid financial rating?
• Can glass repairs be made at your home?
• How would your car be valued if totaled?
• Is there a Errors and Omissions policy in force?
• Does the agency have a positive business rating?

Auto insurance coverage breakdown

Learning about specific coverages of your auto insurance policy helps when choosing the right coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement.

Collision coverage – Collision insurance will pay to fix damage to your CX-7 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like colliding with a tree, crashing into a ditch and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible on your CX-7 in order to get cheaper collision rates.

Comprehensive insurance – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like vandalism, a tree branch falling on your vehicle and damage from getting keyed. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for immediate expenses such as rehabilitation expenses, pain medications, nursing services, doctor visits and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Mazda CX-7.

Since many Indiana drivers only carry the minimum required liability limits (Indiana limits are 25/50/10), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages do not exceed the liability coverage limits.

Liability insurance – This coverage can cover injuries or damage you cause to people or other property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/10 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Alternatively, you may have a combined limit which provides one coverage limit without having the split limit caps.

Liability can pay for claims like attorney fees, funeral expenses and loss of income. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible. Indiana requires drivers to carry at least 25/50/10 but drivers should carry more liability than the minimum.

The illustration below shows why the minimum limit may not be enough.

More effort can pay off

Affordable Mazda CX-7 insurance in Indianapolis can be sourced both online as well as from insurance agents, and you need to price shop both to have the best selection. There are still a few companies who don’t offer price quotes online and these regional carriers only sell through independent insurance agencies.

When trying to cut insurance costs, it’s very important that you do not reduce needed coverages to save money. There have been many situations where an insured dropped uninsured motorist or liability limits only to regret that it was a big error on their part. Your focus should be to buy the best coverage you can find at the best price and still be able to protect your assets.

Throughout this article, we presented a lot of techniques to shop for Mazda CX-7 insurance online. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even discover the lowest prices come from the smaller companies.

Additional resources

• Safety Tips for Teen Drivers (Insurance Information Institute)
• How Much are Indianapolis Auto Insurance Rates for a Jeep Wrangler? (FAQ)
• How Much is Auto Insurance for Good Students in Indianapolis? (FAQ)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Auto Insurance 101 (About.com)