How Much are Memphis Auto Insurance Quotes for a Mazda CX-7?

Buying the cheapest insurance for a Mazda CX-7 in Tennessee can be pretty simple, but it relies on a large number of factors such as annual miles driven, the performance level of your vehicle, and any driving offenses on your record. Drivers in Tennessee pay around $785 annually for CX-7 insurance, but that price is an estimate using a 40-year-old married female driver with full physical damage coverage and $500 deductibles.

There’s a high likelihood you’re not a 40-year-old female, possibly single instead of married, and maybe your CX-7 just needs liability-only coverage. Having even a minor difference in policy rating criteria or coverages could end up in a significant change in the price of a policy.

Insurance is an individual thing, so the way we recommend to find the cheapest insurance price for your Mazda is to do a thorough rate comparison. Price quotes are quick and you will receive rate quotes from some of the cheapest companies that insure Mazda vehicles in Tennessee.

Compare Mazda CX-7 Insurance Rates

The trim level of your vehicle tends to have a direct impact on the cost of coverage, so the price you pay to insure a CX-7 SV 2WD trim level will be $92 cheaper than the price to insure the more well-appointed CX-7 Grand Touring 4WD version, as shown in the chart below.

Mazda CX-7 Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CX-7 SV 2WD $156 $298 $304 $18 $90 $866 $72
CX-7 Sport 2WD $176 $298 $304 $18 $90 $886 $74
CX-7 Touring 2WD $176 $298 $304 $18 $90 $886 $74
CX-7 Touring 4WD $176 $350 $304 $18 $90 $938 $78
CX-7 Grand Touring 2WD $196 $350 $304 $18 $90 $958 $80
CX-7 Grand Touring 4WD $196 $350 $304 $18 $90 $958 $80
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rate quotes do not factor in zip code location which can influence rates significantly.

Ratings for Tennessee car insurance companies

Selecting the highest-rated insurance provider can be a challenge considering how many different insurance companies sell coverage in Tennessee. The company rank data shown below can help you choose which companies to look at when insurance shopping for a Mazda CX-7.

The rankings below are for companies with a nationwide focus, so companies that only write business in Tennessee or surrounding areas are not factored into the list. To get rate quotes from these and other competitive companies, simply click here.

Top Ten Car Insurance Companies for a Mazda CX-7 in Memphis, TN
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
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Data Source: Best Car Insurance Companies

Price comparison of only insuring for liability

Buying cheaper car insurance should be important to the majority of vehicle owners, and one of the quickest ways to lower the cost of insurance for a Mazda CX-7 is to not pay for full coverage. The example below visualizes the comparison of car insurance costs with and without physical damage coverage. Data assumes no claims, a clean driving record, $1,000 deductibles, single status, and no other discounts are factored in.

Averaged out for all age groups, full coverage costs an additional $1,438 per year more than just buying liability insurance. That is a large expense and it proposes the question if paying for full coverage is worth it. There is no exact formula that works best for making the decision to drop physical damage insurance, but there is a guideline you can use. If the yearly cost of full coverage is more than about 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 assume your vehicle’s settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after paying your policy deductible. If you are paying over $500 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

Comparing rates on CX-7 insurance can save you money

Memphis car insurance rates are calculated based on many things which can substantially decrease or increase the policy premium. Simply getting older, filing a claim, or getting caught speeding can trigger price changes that can now make some companies more affordable than others. Additionally, car insurance companies change rates multiple times each year to adjust for heavy claims or excess profits. Higher than normal claim frequency or severity can result in a rate increase, while a better loss history may cause more affordable CX-7 insurance rates.

To illustrate this point, the chart below shows the cheapest car insurance in Memphis, TN for a 35-year-old male driver with a good driving record, no prior claims, and a good credit rating. When comparing rates based on his current rating profile, Utica National has the cheapest car insurance rates in Memphis at $1,087 a year. This is $241 less than the average rate paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers are the remainder of the cheapest Memphis, TN auto insurance companies.

Let’s now give the driver from the first rate comparison an accident claim, poor credit, and a couple of points charged on his driving record. Since each auto insurer uses their own formula to determining premium rates, comparing quotes could result in a significantly different list of companies as shown below.

Erie now has the lowest price in Memphis, TN with Nationwide, Westfield, Allied, and GEICO also having competitive pricing. This shows why consumers need to take the time to compare lots of rates when trying to find affordable insurance rates for a Mazda CX-7.

Insurance rates can be determined by many things and can change substantially, so the lowest-price company a year ago may now be one of the more expensive options.