Save on 2016 MINI Cooper Car Insurance Cost

Consumers have many options when looking for the lowest priced MINI Cooper insurance. You can either waste hours driving around getting price quotes or utilize the internet to find the lowest rates.

There is a right way and a wrong way to shop for car insurance so you’re going to learn the absolute fastest way to compare rates for your MINI and obtain the cheapest rates.

You should take the time to price shop coverage on a regular basis because insurance prices go up and down regularly. Even if you think you had the best deal on Cooper insurance a year ago the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about car insurance because it’s time to teach you the tricks you need to know to remove unneeded coverages and save money.

Free car insurance price quotes

Getting cheap 2016 MINI Cooper car insurance pricing is surprisingly easy. All that’s required is to spend a little time comparing rate quotes provided by online insurance companies. This is very easy and can be done by using one of the methods below.

  • If you don’t have a lot of time, the easiest way to get quotes for comparison would be an industry-wide quote request form (click to open form in new window). This easy form saves time by eliminating repetitive form submissions for every prospective company. One form submission will get you price quotes from multiple low-cost companies. Just one form and you’re done.
  • A harder way to obtain and compare quotes online requires visiting each company website to complete a price quote. For example, we’ll pretend you want to view quotes from State Farm, Esurance and American Family. In order to get each rate, you would have to visit each site to enter your coverage information, which is not fast way to get rate quotes. For a list of companies in your area, click here.
  • The least efficient method to find cheaper rates is to spend time driving to each insurance agency near you. Shopping for car insurance online makes this process obsolete unless you have a complicated situation and need the professional assistance of a local agency. If you prefer, some companies allow you to compare the best prices online and still use a local agent.

Take whichever approach you prefer, but compare apples-to-apples coverages and limits for each quote you get. If the quotes have unequal deductibles or liability limits you will not be able to find the best deal for your MINI Cooper.

Slick advertising tricks that work

Consumers can’t ignore all the ads that promise big savings by companies like State Farm, Allstate and GEICO. They all seem to say the same thing that you can save if you move your policy.

How does every auto insurance company have lower policy pricing? This is how they do it.

Insurance companies are able to cherry pick for the type of driver that makes them money. An example of this type of driver could possibly be between the ages of 30 and 45, carries high limits, and drives less than 10,000 miles a year. Any person who fits that profile gets the lowest car insurance rates and have a good chance to save quite a bit of money when switching.

Potential customers who don’t meet these standards must pay higher rates which results in the customer not buying. The wording the ads use say “people who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can confidently make the claims of big savings.

This illustrates why you absolutely need to compare many company’s rates. Because without a comparison, you cannot know which insurance companies will provide the lowest prices.

What affects MINI Cooper insurance prices?

Part of the insurance buying process is learning the rating factors that help determine your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this empowers consumers to make smart changes that may result in much lower annual insurance costs. Many things are used in the calculation when quoting car insurance. Most are fairly basic like an MVR report, although others are less apparent such as your credit history or your financial responsibility.

The factors shown below are some of the factors that factor into your prices.

  • Your spouse saves you money – Walking down the aisle helps lower the price on insurance. Marriage generally demonstrates drivers are more mature and responsible and insurance companies reward insureds because married drivers tend to file fewer claims.
  • Rate your vehicle for proper use – The higher the miles on your MINI each year the higher your rate. Many insurance companies charge to insure your cars based on their usage. Cars that have low annual miles receive lower rates than vehicles that have high annual mileage. Double check that your declarations sheet reflects the correct usage for each vehicle, because it can save money. Incorrect rating for your Cooper can cost quite a bit.
  • Do you have enough liability? – Your insurance policy’s liability coverage will protect you when you are found liable for causing personal injury or damage in an accident. This coverage provides for a legal defense up to the limits shown on your policy. Liability is cheap compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
  • Additional coverages that may be costing you – Insurance policies have a lot of additional extra coverages that you can buy on your Cooper policy. Things like roadside assistance, death and dismemberment, and term life insurance are examples of these. You may think they are a good idea initially, but your needs may have changed so consider taking them off your policy.
  • Rural vs Urban Areas – Having an address in a rural area has it’s advantages when shopping for auto insurance. Drivers who live in large cities have more traffic problems and much longer commute distances. Less people corresponds to lower accident rates and a lower car theft rate.
  • Low credit rating equals high premiums – Having a bad credit history is a big factor in determining premium rates. Therefore, if your credit history is not that good, you could potentially save money when insuring your 2016 MINI Cooper by spending a little time repairing your credit. People that have good credit tend to be better risks to insure than those with lower ratings.
  • Low coverage deductibles mean high premiums – Protection for physical damage, termed comprehensive and collision coverage on your policy, helps pay for damage to your vehicle. Some examples of covered claims would be colliding with a building, hitting a deer, and burglary. Comprehensive and collision coverage deductibles state the amount of money you are required to pay before a claim is paid by your company. The more expense you are required to pay out-of-pocket, the less your company will charge you for insurance on Cooper insurance.
  • What’s your car’s crash test rating? – Vehicles that have high safety ratings tend to have better insurance rates. Vehicles engineered for safety reduce occupant injuries and fewer injuries translates into fewer and smaller insurance claims passed on to you as lower rates. If the MINI Cooper is rated at a minimum four stars on Safercar.gov you are probably receiving a discount.

Lower rate quotes by taking advantage of discounts

Some insurance providers don’t list all available discounts in a way that’s easy to find, so the following is a list of both the well known and also the lesser-known credits available to you.

  • Organization Discounts – Being in qualifying clubs or civic groups could qualify you for a break on your policy.
  • No Claim Discounts – Claim-free drivers can save substantially as opposed to drivers who are more careless.
  • Waiver for an Accident – Not necessarily a discount, but a few companies such as State Farm, Progressive and GEICO will let one accident slide without raising rates so long as you are claim-free for a set time period.
  • Buy New and Save – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
  • Drive Safe and Save – Insureds who avoid accidents can pay as much as 50% less on Cooper insurance compared to rates paid by drivers with frequent claims.
  • Student Driver Training – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course if it’s offered in school.
  • ABS and Traction Control Discounts – Cars and trucks with ABS braking systems or traction control have fewer accidents and therefore earn up to a 10% discount.

Keep in mind that most discount credits are not given to all coverage premiums. Most only apply to specific coverage prices like liability and collision coverage. So even though it sounds like having all the discounts means you get insurance for free, you aren’t that lucky.

A few popular companies and their offered discounts can be read below.

  • Farm Bureau offers discounts for 55 and retired, good student, multi-vehicle, safe driver, renewal discount, and multi-policy.
  • State Farm may offer discounts for driver’s education, multiple policy, passive restraint, student away at school, and accident-free.
  • Progressive may include discounts for multi-vehicle, online signing, online quote discount, multi-policy, and continuous coverage.
  • Allstate discounts include economy car, good payer, teenSMART discount, utility vehicle, farm vehicle, early signing, and safe driver.
  • Nationwide has savings for accident-free, good student, multi-policy, family plan, Farm Bureau membership, defensive driving, and business or organization.
  • MetLife policyholders can earn discounts including good student, multi-policy, claim-free, defensive driver, and good driver.

Before buying, ask each insurance company how you can save money. Depending on the company, some discounts may not apply to policies in your area. If you would like to see a list of companies who offer free insurance coverage quotes, click this link.

How much auto insurance do I need?

When buying the right insurance coverage, there really is no “perfect” insurance plan. Everyone’s needs are different.

Here are some questions about coverages that can help discover if your insurance needs could use an agent’s help.

  • How much liability do I need to cover my assets?
  • How can I get my company to pay me more for my totalled car?
  • Is business equipment covered while in my vehicle?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Do I need to file an SR-22 for a DUI in my state?
  • Is my ex-spouse still covered by my policy?
  • How does medical payments coverage work?
  • Do all my vehicles need collision coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form. It’s fast, free and may give you better protection.

Car insurance coverage basics

Learning about specific coverages of your car insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Collision coverages – This pays for damage to your Cooper resulting from a collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims like sideswiping another vehicle, rolling your car and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Uninsured or underinsured coverage – This coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims 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 limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive protection – This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as a broken windshield, theft and rock chips in glass. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverage – This will cover damages or injuries you inflict on other’s property or people. It protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as court costs, structural damage, repair bills for other people’s vehicles, repair costs for stationary objects and attorney fees. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for bills for EMT expenses, X-ray expenses, surgery and funeral costs. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

In Summary

In this article, we presented many tips how you can lower your 2016 MINI Cooper insurance rates. The key thing to remember is the more rate quotes you have, the better your chances of lowering your car insurance rates. You may be surprised to find that the most savings is with an unexpected company.

Cheaper insurance can be sourced online and from local agencies, so you should compare both to get a complete price analysis. Some insurance companies may not have rate quotes online and most of the time these smaller companies sell through independent insurance agents.

When trying to cut insurance costs, do not buy less coverage just to save a little money. In too many instances, someone sacrificed liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. The aim is to buy a smart amount of coverage at the best possible price, but don’t skip important coverages to save money.

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