How Much is Insurance for a Mazda CX-7 in New Hampshire?

Since we’re writing about auto insurance, the words cheap or affordable should not be used anywhere in the article. Regardless, cheap auto insurance for a Mazda CX-7 can be hard to find. Don’t let that spoil your day, because we will teach you how you can still find car insurance that is cheaper than what you are paying now.

The odds of finding cheap car insurance for a Mazda CX-7 in New Hampshire hinges on a complex calculation that is influenced by things like your vehicle’s safety rating, whether you have good credit, and physical damage deductibles. Drivers in New Hampshire on average pay around $700 per year to buy insurance for a Mazda CX-7, but that rate is based on rates for a 50-year-old married female that includes full coverage including both comprehensive and collision and $100 physical damage deductibles.

The issue that arises when projecting rates is that it’s very likely that you are not 50 and possibly not even female, single instead of married, or maybe you have a teen driver on your policy that needs to be considered. Just a minor change in policy rating factors can cause big changes in how much coverage for a Mazda CX-7 costs.

Insurance is an individual thing, so the most reliable method for finding the cheapest insurance price for your Mazda is to do the rate comparisons yourself.

Insure Your Mazda for Less

The specific model of CX-7 will have an impact the annual cost of coverage, so the rate you will pay to insure a CX-7 SV 2WD model will be $94 less than the insurance cost for the fancier CX-7 Grand Touring 4WD model, as shown in the chart below.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Hampshire minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Prices do not factor in specific location which can revise coverage prices substantially.

Deciphering which company quotes the cheapest car insurance rates for a Mazda CX-7 will require more time than just quoting one company’s rates.

Every insurance company has their own guidelines for determining rates, so we’ll take a look at the most budget-friendly car insurance companies in New Hampshire. It’s important that readers know that New Hampshire car insurance rates are impacted by many things which can significantly increase or decrease the cost of a policy. Simply turning a year older, increasing liability limits, or having a fender bender can cause premium changes resulting in some companies being cheaper than others.

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Concord has some of the best car insurance rates in New Hampshire at around $691 per year. Travelers, Patriot, USAA, and Vermont Mutual also are some of the best New Hampshire car insurance companies.

As shown above, if you are currently insured with USAA and switched to Concord, you could realize savings of in the neighborhood of $138. Customers with Vermont Mutual might save as much as $173 a year, and Amica insureds might cut rates by $216 a year.

To see if your current coverage is too expensive, click here to begin a quote or quote rates from the companies below.

It’s important to note that these rates are averages for all types of drivers and the different vehicles they drive and and are not calculated with a specific rate value for a Mazda CX-7. So the car insurance company that can offer the best rates for your situation may not even be included in the above list. That point stresses why you need to get rate quotes using your own driver information and specific vehicle type.

Types of discounts on New Hampshire insurance

Insurance companies that offer cheap insurance for a Mazda CX-7 in New Hampshire may provide rate discounts that could reduce prices by as much as 35% if you can meet the requirements. Large car insurance companies and a selection of discounts are:

• American Family has discounts for multi-vehicle, air bags, early bird, TimeAway discount, good student, and accident-free.
• Farm Bureau offers discounts including safe driver, good student, 55 and retired, renewal discount, driver training, and multi-vehicle.
• State Farm may offer discounts for driver’s education, good driver, Steer Clear safe driver discount, student away at school, defensive driving training, and safe vehicle.
• Travelers may have discounts that include hybrid/electric vehicle, continuous insurance, new car, payment discounts, good student, home ownership, and multi-car.
• The Hartford policyholders can earn discounts including anti-theft, driver training, air bag, defensive driver, vehicle fuel type, and bundle.
• GEICO offers discounts for membership and employees, good student, daytime running lights, anti-lock brakes, emergency military deployment, defensive driver, and federal employee.
• Progressive discounts include good student, multi-policy, continuous coverage, online signing, multi-vehicle, and homeowner.

The information below shows the difference between auto insurance costs with and without discounts applied to the policy rates. The information is based on a male driver, no violations or accidents, New Hampshire state minimum liability limits, comp and collision included, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with anti-theft, vehicle safety, passive restraint, multiple vehicle, homeowner, and marriage discounts applied. With discounts applied, the the average amount saved on car insurance for a Mazda CX-7 is 28% or $374.

Full coverage rates compared to liability only

Finding cheap insurance for a Mazda CX-7 in New Hampshire is important to most people, and one common way to find cheaper insurance is to not buy comprehensive and collision coverage. The example below shows the difference between insurance costs with and without physical damage coverage. The prices are based on no driving violations, no at-fault accidents, $100 deductibles, single status, and no other discounts are factored in.

Averaged out for all age groups, physical damage coverage costs an extra $1,653 per year over liability only. Many drivers will wonder when is the right time to remove full coverage. There is no clear-cut formula that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s replacement value is $8,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $7,500 after the policy deductible has been paid. If it’s costing you more than $750 a year for your policy with full coverage, then you might consider buying liability only.

There are some situations where dropping full coverage is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.