2015 MINI Cooper Insurance Rates

Trying to find lower insurance coverage rates? Buyers have a choice when searching for low-cost MINI Cooper insurance. They can either waste time calling around trying to get quotes or use the internet to get rate quotes. There is a right way and a wrong way to compare insurance coverage rates so we’re going to tell you the proper way to compare rates for a MINI and find the best price possible.

How do insurance providers determine MINI Cooper insurance prices?

Part of the auto insurance buying process is learning the rating factors that come into play when calculating the level of your policy premiums. When you understand what determines premiums, this enables informed choices that will entitle you to better auto insurance rates.

The itemized list below are just a few of the factors utilized by car insurance companies to help set rates.

  • Never let your coverage lapse – Driving without insurance coverage in place is a misdemeanor and you will pay a penalty because you let your coverage lapse. In addition to paying higher premiums, the inability to provide proof of insurance may result in a fine, jail time, or a revoked license.
  • Good drivers pay less – Careful drivers get better rates than bad drivers. Having a single ticket could increase your next policy renewal substantially. Drivers with flagrant violations such as DUI or willful reckless driving may face state-mandated requirements to maintain a SR-22 to the state department of motor vehicles in order to keep their license.
  • More policies can equal more savings – Most major companies apply lower prices to clients who buy several policies from them. It’s known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even if you already get this discount, drivers will still want to check prices from other companies to ensure the best deal.
  • Better auto insurance rates on cars with good safety ratings – Cars with five star safety ratings tend to have lower insurance rates. Vehicles engineered for safety reduce the chance of injuries and fewer serious injuries means less money paid by your insurance company passed on to you as lower rates. If your MINI earned at least four stars on Safercar.gov it may be receiving lower rates.
  • Do you save by driving less? – The higher the mileage driven each year the higher your rates will be. Many insurance companies charge rates based upon how you use the vehicle. Cars and trucks left parked in the garage qualify for better rates than vehicles that are driven to work every day. A policy that improperly rates your Cooper is throwing money out the window. Make sure your auto insurance declarations sheet shows the correct usage for each vehicle.
  • Do you need those incidental coverages? – Insurance policies have a lot of extra bells and whistles that can add up when buying auto insurance. Coverages for roadside assistance, towing, and motor club memberships are some examples. They may sound like good ideas initially, but now you might not need them so eliminate the coverages to reduce your premium.

Compare auto insurance rate quotes

Finding low cost 2015 MINI Cooper auto insurance rates is a fairly straight forward process. All you need to do is take a few minutes to compare free insurance quotes to find. Price comparisons can be done using one of these methods.

The single most time-saving way to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This method keeps you from doing repetitive form submissions for every auto insurance company. In just a few minutes this one form will return quotes instantly. This is perfect if you don’t have a lot of time.

A harder way to find lower rates is spending the time to visit each company’s website and repeat the quote process again and again. For examples sake, we’ll assume you want to view quotes from Farmers, Esurance and State Farm. You would have to take the time to go to each site and repeatedly type in your coverage information, which is not fast way to get rate quotes.

For a list of links to companies insuring cars in your area, click here.

The most difficult way of getting rate comparisons is actually driving to insurance agencies in your area. Doing it all online reduces the need to sit down with an agent unless you have a complicated situation and need the professional abilities that you can only get from talking to an agent. It is possible with some companies obtain prices from the web but buy the policy through an agent.

However you get your quotes, be sure you’re using nearly identical coverage data on every price quote you get. If each company quotes mixed coverages it’s impossible to decipher which rate is best.

Insurance in the media

Drivers can’t ignore all the ads that promise big savings for switching by companies like Allstate and Progressive. They all state the claim about how much you will save if you change your coverage to them.

It sounds good, but how can they all make almost identical claims? Just pay attention to how they say it.

Insurance companies provide the lowest rates for the type of driver that earns them the most money. For instance, a desirable insured might be between 30 and 50, has never had a policy lapse, and drives less than 5,000 miles a year. A customer getting a price quote that meets those criteria will get very good rates as well as cut their rates substantially.

Potential customers who don’t meet those standards will probably be forced to pay a higher rate which usually ends up with the customer not purchasing. If you listen closely, the ads state “drivers who switch” but not “all drivers who get quotes” will save that much if they switch. That’s why companies can make claims like that. This really drives home the point why you really should compare rate quotes every year. It is impossible to guess which insurance companies will have the lowest rate quotes.

Insurance coverage policy discounts

Some insurance providers don’t necessarily list the complete list of policy discounts very well, so the below list has both the well known and also the more inconspicuous discounts that you may qualify for. If you do not check that you are getting every discount possible, you could be saving more on your insurance coverage.

  • Switch and Save Discount – A few companies give discounts for signing up before your current expiration date. Ten percent is about the average savings.
  • Anti-lock Brakes – Vehicles that have anti-lock braking systems are much safer to drive and qualify for as much as a 10% discount.
  • Government Employee Discount – Federal government employees can save as much as 8% for Cooper coverage with certain companies.
  • Discounts for Multiple Vehicles – Buying a policy with several vehicles on a single policy can reduce the rates for all insured vehicles.
  • Include Life Insurance and Save – Larger companies have a small discount if you purchase life insurance.
  • Defensive Driver – Participating in a safe driver course may get you a small discount if your company offers it.
  • Passive Restraints and Air Bags – Cars that have air bags may get savings of 20% or more.
  • Student Discount for Driver Training – Require your teen driver to successfully complete driver’s ed class as it can save substantially.

A little note about advertised discounts, many deductions do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates you would end up receiving a 100% discount, insurance coverage companies aren’t that generous.

A list of companies and a partial list of their discounts are detailed below.

  • Progressive discounts include multi-vehicle, online quote discount, multi-policy, continuous coverage, and online signing.
  • Farmers Insurance includes discounts for pay in full, multi-car, business and professional, switch companies, early shopping, distant student, and bundle discounts.
  • Farm Bureau has discounts for safe driver, renewal discount, driver training, youthful driver, good student, and multi-vehicle.
  • State Farm may offer discounts for multiple autos, good student, good driver, driver’s education, defensive driving training, student away at school, and multiple policy.
  • GEICO offers discounts including defensive driver, seat belt use, multi-policy, air bags, anti-theft, and good student.
  • SAFECO offers discounts for drive less, multi-car, anti-theft, homeowner, anti-lock brakes, and teen safety rewards.
  • Liberty Mutual offers premium reductions for safety features, multi-car, multi-policy, hybrid vehicle, teen driver discount, good student, and exclusive group savings.

Check with every prospective company to apply every possible discount. Savings may not be available in your state. To locate providers that have a full spectrum of discounts, click this link.

How do I know if I need professional advice?

When it comes to buying the best insurance coverage coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s needs are different.

For example, these questions may help you determine whether you would benefit from an agent’s advice.

  • What if I owe more than I can insure my car for?
  • Can my teen drive my company car?
  • Does having multiple vehicles earn me a discount?
  • What should my uninsured motorist coverage limits be in my state?
  • What is high-risk coverage and where do I buy it?
  • If my 2015 MINI Cooper is totaled, can I afford another vehicle?
  • If my pet gets injured in an accident are they covered?
  • When do I need to add a new car to my policy?

If you don’t know the answers to these questions, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and may give you better protection.

Parts of your insurance policy

Understanding the coverages of insurance aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Collision – Collision insurance will pay to fix damage to your Cooper caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as driving through your garage door, hitting a mailbox, hitting a parking meter and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverages – This pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a bird, a broken windshield, damage from a tornado or hurricane and fire damage. The most a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage – This coverage provides protection when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your MINI Cooper.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Auto liability – This coverage will cover injuries or damage you cause to other people or property by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like medical services, emergency aid and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like EMT expenses, ambulance fees, funeral costs and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Do the work, save more money

Cheap 2015 MINI Cooper insurance can be purchased from both online companies as well as from insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers do not offer rates over the internet and many times these small, regional companies sell through independent agents.

Insureds leave their current company for any number of reasons including questionable increases in premium, being labeled a high risk driver, unfair underwriting practices or denial of a claim. It doesn’t matter what your reason, finding a new company is less work than it seems.

We just showed you a lot of information how to get a better price on 2015 MINI Cooper insurance. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding cheaper insurance. You may even discover the lowest prices come from an unexpected company.

More information can be read at the links below