Getting affordable insurance online is rather difficult for beginners to comparing prices over the internet. With a ridiculous number of companies competing online, how can vehicle owners have a chance to compare all the different companies and get better prices?
Comparing car insurance rates can take time and effort if you don’t utilize the fastest way to get free quotes. You can waste hours driving to local insurance agents in your area, or you could use the internet to get rates in a matter of minutes.
Many of the larger companies participate in a marketplace that allows shoppers to complete one form, and each company then returns a price quote for coverage. This system prevents you from having to do quotation requests for each company.
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The one downside to pricing coverage this way is you can’t choose the providers you want to price. If you prefer to choose specific insurance companies to compare prices, we have a page of car insurance companies in your area. Click here to view list.
Whichever way you choose to compare rates, try to use the exact same coverage data with each company. If you have different limits and deductibles on each one it will be next to impossible to make an equal comparison. Even a minor difference in limits could throw off the whole comparison. And when comparison shopping, more quotes will enable you to find a lower rate. Some smaller insurers to not give rate quotes online, so it’s recommended that you also compare rates from them, too.
Multiple criteria are considered when you get your auto insurance bill. Some factors are common sense like your driving record, but some are less obvious like where you live or how safe your car is.
Listed below are most of the major factors used by insurance companies to determine your rates.
Properly insuring your vehicles can get expensive, but you might be missing out on some discounts that many consumers don’t even know exist. Many of these discounts will be applied automatically at quote time, but less common discounts must be specifically requested before you get the savings.
It’s important to note that some of the credits will not apply to your bottom line cost. The majority will only reduce individual premiums such as liability and collision coverage. Despite the appearance that you would end up receiving a 100% discount, it’s just not the way it works.
Some of the insurance companies that may have most of the discounts above possibly include:
It’s a good idea to ask all the companies to apply every possible discount. Some of the earlier mentioned discounts may not apply to policies in your area. For a list of insurance companies that offer discounts, follow this link.
When buying the best insurance coverage coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs.
Here are some questions about coverages that may help highlight whether or not you might need professional guidance.
If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form.
Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.
Collision coverage will pay to fix damage to your Cooper resulting from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims like hitting a parking meter, crashing into a ditch, damaging your car on a curb and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.
Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for rehabilitation expenses, doctor visits and pain medications. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Liability coverage can cover damage that occurs to other’s property or people. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.
Liability coverage pays for things such as structural damage, attorney fees and medical expenses. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.
Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as falling objects, hitting a bird, damage from getting keyed, hail damage and a tree branch falling on your vehicle. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your MINI Cooper.
Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are similar to your liability insurance amounts.
As you prepare to switch companies, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where an accident victim reduced comprehensive coverage or liability limits and learned later that the few dollars in savings costed them thousands. The goal is to buy enough coverage at the lowest possible cost, but do not sacrifice coverage to save money.
In this article, we covered quite a bit of information on how to get a better price on 2008 MINI Cooper insurance. The key concept to understand is the more you quote insurance coverage, the more likely it is that you will get a better rate. Drivers may discover the best rates are with an unexpected company.
Drivers who switch companies do it for any number of reasons including extreme rates for teen drivers, lack of trust in their agent, an unsatisfactory settlement offer or even questionable increases in premium. Whatever your reason, switching insurance coverage companies can be less work than you think.
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