No sane person is fond of buying insurance, especially knowing they could find better rates elsewhere. You have so many car insurance companies to choose from, and although it’s nice to have a selection, more options can take longer to find the lowest rates.
It’s a good idea to compare premium rates on a regular basis because insurance prices trend upward over time. Despite the fact that you may have had the best deal for Cooper insurance two years ago you can probably find a lower rate today. Forget all the misinformation about insurance because I’m going to let you in on the secrets to the best methods to buy cheaper insurance.
Some companies don’t always list every discount they offer in an easy-to-find place, so the next list breaks down a few of the more well known in addition to some of the lesser obvious ways to save on insurance coverage.
Don’t be shocked that most credits do not apply to the overall cost of the policy. Most only apply to individual premiums such as medical payments or collision. So even though you would think it’s possible to get free car insurance, it just doesn’t work that way.
A list of insurance coverage companies and some of their more popular discounts are shown below.
If you are trying to find cheaper insurance coverage quotes, ask every insurance company which discounts you may be entitled to. Some credits might not apply in your state. To see a list of providers with discount rates, follow this link.
There are several ways to shop for auto insurance, but some are easier and takes less work. You could spend your day talking to agents in your area, or you can utilize the internet to get the quickest rates.
Most car insurance companies participate in a marketplace that enables customers to only type in their quote data once, and at least one company then returns a price quote determined by their information. This saves time by eliminating quotation requests to each individual auto insurance company. To get comparison pricing now click here to open in new window.
The single downside to using this type of form is you cannot specify the providers you will receive quotes from. If you prefer to choose specific providers for rate comparison, we have a listing of companies who write auto insurance in your area. Click here for list of insurance companies.
How you compare quotes is your choice, just try to keep the same coverages on every quote. If you are comparing different deductibles it’s impossible to make a fair rate comparison.
A large part of saving on insurance is knowing some of the elements that go into determining the level of your policy premiums. When consumers understand what determines base rates, this allows you to make educated decisions that could help you find big savings. Many things are taken into consideration when you get your auto insurance bill. A few of the factors are predictable like an MVR report, but others are not as apparent like your continuous coverage or how safe your car is.
The list below includes some of the major factors companies use to determine premiums.
When choosing proper insurance coverage, there really is not a “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that could help you determine if your insurance needs could use an agent’s help.
If you’re not sure about those questions but one or more may apply to you, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.
Consumers can’t get away from ads that claim the lowest premium rates from companies such as GEICO, State Farm and Progressive. All the companies seem to make the promise about savings just by switching your insurance coverage to their company.
How is it possible that every company can save you money? Here is the trick they use.
All the different companies look for specific characteristics for the type of customer that will generate a profit. An example of this type of driver might be a married male, owns a home, and has excellent credit. Someone who matches that profile gets the lowest premium rates and have a good chance to save quite a bit of money when switching.
People who don’t qualify for these standards must pay higher premiums and this can result in the customer not buying. If you pay close attention to the ads, they say “customers who switch” but not “everyone who gets a quote” save money. That’s the way insurance companies can confidently advertise the savings.
This emphasizes why it is so important to quote coverage with many companies. It’s just not possible to know which company will have the best prices at this point in time.
Knowing the specifics of car insurance can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the usual coverages available from car insurance companies.
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your MINI Cooper.
Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits are similar to your liability insurance amounts.
Collision – This coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims like colliding with a tree, hitting a mailbox, hitting a parking meter, colliding with another moving vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.
Auto liability insurance – This coverage can cover injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.
Liability insurance covers claims like funeral expenses, bail bonds, medical services, structural damage and pain and suffering. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as rock chips in glass, hitting a deer, vandalism, hitting a bird and damage from getting keyed. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like ambulance fees, nursing services, pain medications, surgery and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible
We covered a lot of information how to compare 2002 MINI Cooper insurance rates online. The most important thing to understand is the more times you quote, the better likelihood of getting inexpensive insurance coverage. You may even find the lowest priced car insurance comes from a smaller regional carrier. These companies often have lower auto insurance rates on specific markets than their larger competitors like Allstate, GEICO and Progressive.
Cheaper 2002 MINI Cooper insurance is attainable from both online companies and with local insurance agents, so get free insurance coverage quotes from both of them to have the best rate selection. Some car insurance companies do not provide the ability to get a quote online and many times these smaller providers prefer to sell through independent insurance agencies.