2015 MINI Cooper Insurance Rates – 8 Tips for Best Quotes

Looking for cheaper car insurance rates for your MINI Cooper? I can’t think of a single person who gets a kick out of paying for car insurance, particularly when their premiums are through the roof. Popular companies such as State Farm, GEICO and Farmers Insurance increase brand awareness with ads and it is difficult to ignore the propoganda and take the time to shop coverage around.

It is always a good idea to shop coverage around occasionally because car insurance prices go up and down regularly. Even if you think you had the best deal on Cooper coverage on your last policy you may be paying too much now. You can find a lot of wrong information about car insurance on the internet, but by reading this article, you’re going to learn some proven techniques to quit paying high car insurance rates.

If you have a policy now or are looking for a new policy, you can follow these tips to reduce the price you pay and possibly find even better coverage. Finding the best rates is easy if you know what you’re doing. Consumers only need to know how to get comparison quotes on the web.

Do you qualify for discount car insurance?

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts to help offset the cost. Many of these discounts will be applied automatically when you purchase, but a few must be specially asked for before they will apply.

  • Telematics Data – Drivers who elect to allow their company to analyze their driving habits by using a telematics device like Allstate’s Drivewise could see a rate decrease if they show good driving skills.
  • Waiver for an Accident – Not really a discount, but a few companies such as GEICO, Progressive, and Allstate will forgive one accident before hitting you with a surcharge with the catch being you have to be claim-free for a set time period.
  • Employee of Federal Government – Having worked for a branch of the government could qualify for a slight premium decrease on Cooper coverage depending on your car insurance provider.
  • Senior Citizen Discount – Older drivers may receive a small discount on rates on Cooper coverage.
  • Theft Deterent – Vehicles optioned with advanced anti-theft systems are stolen with less frequency and earn discounts up to 10% off your car insurance quote.
  • Homeowners Savings – Owning your own home or condo can earn you a little savings due to the fact that maintaining a home means you have a higher level of financial diligence.
  • Good Grades Discount – A discount for being a good student can be rewarded with saving of up to 25%. Many companies even apply the discount to college students until age 25.
  • Sign Early and Save – A few insurance companies allow discounts for signing up early. You could save around 10% when you buy car insurance online.

Discounts lower rates, but most credits do not apply to the entire policy premium. Most only reduce individual premiums such as medical payments or collision. Just because it seems like it’s possible to get free car insurance, it’s just not the way it works.

The best car insurance companies and their offered discounts are outlined below.

  • 21st Century discounts include driver training, air bags, good student, automatic seat belts, 55 and older, and student driver.
  • Progressive policyholders can earn discounts including multi-vehicle, continuous coverage, online quote discount, good student, multi-policy, online signing, and homeowner.
  • State Farm offers discounts for Steer Clear safe driver discount, driver’s education, multiple policy, good driver, and good student.
  • Nationwide offers discounts including family plan, anti-theft, Farm Bureau membership, good student, easy pay, accident-free, and defensive driving.
  • Esurance may offer discounts for Pac-12 alumni, online shopper, anti-theft, good driver, and anti-lock brakes.
  • The Hartford has discounts for defensive driver, air bag, good student, driver training, anti-theft, bundle, and vehicle fuel type.

Double check with every prospective company which discounts can lower your rates. All car insurance discounts may not be offered in your area. To view companies that have a full spectrum of discounts, click this link.

Buyer beware of insurance advertising tricks

Consumers can’t avoid all the ads that claim the best car insurance rates from the likes of Progressive, Allstate and GEICO. They all seem to have a common claim that drivers can save some big amount if you switch your insurance policy to them.

How does every company charge less that you’re paying now? It’s all in the wording.

All companies offer their best rates for the type of driver that will generate a profit. A good example of a profitable risk profile might be described as between 30 and 50, has no prior claims, and has a short commute. Anyone that meets those criteria will probably get cheap rates and will also save a lot if they switch.

People who are not a match for this stringent profile will be charged more expensive rates and ends up with the prospect going elsewhere. Company advertisements say “people who switch” but not “everyone who gets a quote” save that much money. That is how companies can truthfully state the savings. This emphasizes why you really need to get a wide range of price quotes. Because without a comparison, you cannot know which insurance companies will have the lowest rate quotes.

What insurance coverages do I need?

When it comes to buying the best car insurance coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions may help you determine if your situation might need an agent’s assistance.

  • When would I need rental car insurance?
  • Why am I required to buy high-risk coverage?
  • Is my trailer covered?
  • Should I put collision coverage on all my vehicles?
  • I have health insurance so do I need medical payments coverage?
  • Am I covered by my spouse’s policy after a separation?
  • Am I covered if I drive in a foreign country?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I need higher collision deductibles?
  • Why am I required to get a high-risk car insurance policy?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Car insurance coverage information

Understanding the coverages of car insurance can be of help when determining the best coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverages found on the average car insurance policy.

Medical costs insurance

Med pay and PIP coverage kick in for expenses like dental work, doctor visits and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Coverage for liability

Liability coverage can cover injuries or damage you cause to people or other property by causing an accident. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability can pay for claims such as court costs, medical expenses, repair costs for stationary objects, loss of income and structural damage. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

UM/UIM Coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Collision coverage protection

Collision insurance pays for damage to your Cooper resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as crashing into a ditch, colliding with another moving vehicle, rolling your car, hitting a parking meter and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like rock chips in glass, hail damage, damage from a tornado or hurricane, hitting a bird and falling objects. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Don’t throw your cash in the trash

Some companies may not provide online price quotes and usually these smaller providers only sell coverage through local independent agencies. Budget-conscious 2015 MINI Cooper insurance can be purchased on the web and with local insurance agents, so you need to compare both so you have a total pricing picture.

In this article, we presented many tips how you can shop for 2015 MINI Cooper insurance online. The most important thing to understand is the more price quotes you have, the higher your chance of finding cheaper car insurance. Consumers could even find that the lowest car insurance rates are with a company that doesn’t do a lot of advertising. Smaller companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as State Farm, GEICO and Nationwide.

More detailed insurance coverage information can be found in these articles: