Cheaper 2015 MINI Cooper Paceman Insurance Rates

Trying to come up with a payment for high-priced auto insurance can overdraw your funds and maybe even restrict other spending. Getting a rate comparison is recommended to lower your bills every month.

Big companies like Progressive, State Farm and GEICO continually hit you with advertising and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.

It’s a great practice to get comparison quotes at least once a year because auto insurance rates change quite often. Despite the fact that you may have had the best deal on Cooper Paceman coverage last year you may be paying too much now. Don’t believe everything you read about auto insurance on the web, but in this article, you’re going to get the easiest ways to lower your auto insurance rates.

Low cost insurance prices

To find cheap rates, there are a couple of ways to compare rate quotes from many different insurance companies. The recommended way to find the cheapest 2015 MINI Cooper Paceman insurance rates involves getting comparison quotes online. This is quite simple and can be completed in several different ways.

The single most time-saving way consumers can analyze rates is to use a rate comparison form click here to open form in new window. This quick form keeps you from doing separate quotation requests for every insurance company. One form submission gets insurance cost estimates from many national carriers.

A different way to compare prices requires you to visit the website of each company to complete a price quote. For example, let’s assume you are doing a rate comparison from Auto-Owners, Liberty Mutual and GMAC. You would have to navigate to each company’s site and repeatedly enter your information, which can get rather old.

For a list of companies in your area, click here.

Take whichever approach you prefer, but try to use the same coverages on every quote. If you have different liability limits it will be very difficult to make a fair comparison for your MINI Cooper Paceman. Even a minor difference in coverages may result in large price differences. It’s important to know that comparing a wide range of rates increases the change that you will find better pricing.

Informed consumers know how to get car insurance for less

When buying car insurance it’s important to understand the different types of things that come into play when calculating your policy premiums. If you have a feel for what positively or negatively impacts your premiums, this enables you to make decisions that will entitle you to lower car insurance prices. Many factors are part of the equation when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, but other factors are more transparent such as your marital status or your commute time.

The factors shown below are some of the most rate-impacting factors that factor into premiums.

  • Minor frequent policy claims are not good – If you frequently file small claims, don’t be surprised to see either a policy non-renewal or much higher rates. Companies award discounts to policyholders who file claims infrequently. Your insurance policy is designed for claims that you cannot pay yourself.
  • Long commutes cost more – The more miles you rack up on your MINI annually the more you’ll pay to insure your vehicle. Most insurance companies calculate rates based on how the vehicle is used. Vehicles that do not get driven very much can get a lower rate than cars that get driven a lot. An improperly rated Cooper Paceman is just wasting money. Make sure your declarations sheet correctly shows the proper vehicle usage, because it can save money.
  • Your location is important – Residing in less populated areas of the country may provide you with better prices if you are looking for the lowest rates. Urban drivers regularly have more traffic problems and a longer drive to work. Fewer people corresponds to lower accident rates in addition to lower liability claims
  • Higher deductibles are cheaper – Protection for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your MINI. A few examples of covered claims are a dented fender, damage from fire, and rolling your vehicle. Deductibles for physical damage represent how much money you are required to pay if a claim is determined to be covered. The more damage repair cost you are required to pay out-of-pocket, the lower your rates will be on Cooper Paceman coverage.
  • Compare rates if you bundle your policies – Most insurance companies apply discounts to buyers who buy several policies from them. It’s known as a multi-policy discount. The amount of the discounts can be ten percent or more. If you currently are using one company, it’s in your best interest to shop around to confirm you are receiving the best rates possible.There is a good possibility that you can find lower rates by insuring with multiple companies.

Use discounts to get cheaper insurance coverage rates

Some companies don’t always advertise their entire list of discounts very clearly, so the list below gives a summary of some of the more common as well as some of the hidden discounts that may be available.

  • Multi-Vehicle Discounts – Buying insurance for multiple vehicles on a single policy can reduce the rates for all insured vehicles.
  • Full Payment Discount – By paying your entire bill at once rather than spreading payments over time you may have a lower total premium amount.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles are much safer to drive and therefore earn up to a 10% discount.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle up before driving can save 10% or more on medical payment and PIP coverage.
  • Theft Deterent System – Cars, trucks, and SUVs optioned with advanced anti-theft systems help deter theft and will qualify for a discount on a car insurance quote.
  • Good Students Pay Less – This discount can get you a discount of up to 25%. You can use this discount normally up until you turn 25.
  • College Student Discount – who attend college more than 100 miles from home and do not have access to a covered vehicle could get you a discount.
  • Discounts for New Vehicles – Buying a new car instead of a used car can get you a discount since new vehicles have better safety ratings.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school or through a local driver safety program.

A quick disclaimer, most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like all the discounts add up to a free policy, nobody gets a free ride.

The best insurance coverage companies and some of the discounts are outlined below.

  • State Farm offers discounts including multiple autos, multiple policy, passive restraint, driver’s education, safe vehicle, and good student.
  • Farmers Insurance has discounts for mature driver, alternative fuel, youthful driver, pay in full, multi-car, and electronic funds transfer.
  • Progressive may offer discounts for continuous coverage, multi-vehicle, good student, online signing, homeowner, multi-policy, and online quote discount.
  • GEICO offers discounts for military active duty, good student, emergency military deployment, daytime running lights, defensive driver, and five-year accident-free.
  • Auto-Owners Insurance has savings for safe driver, student away at school, anti-theft, group or association, teen driver, and multiple vehicles.
  • The Hartford may have discounts that include vehicle fuel type, air bag, bundle, defensive driver, and driver training.
  • Farm Bureau may include discounts for youthful driver, safe driver, 55 and retired, multi-vehicle, renewal discount, driver training, and multi-policy.
  • USAA policyholders can earn discounts including multi-policy, good student, loyalty savings, multi-vehicle, safe driver, military installation, and family discount.

Before you buy a policy, ask all companies you are considering which discounts you qualify for. Some of the discounts discussed earlier might not be offered in your area.

Tailor your auto insurance coverage to you

When it comes to buying coverage for your vehicles, there is no best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions might help in determining if you would benefit from professional advice.

  • Can I still get insurance after a DUI?
  • Is a new car covered when I drive it off the dealer lot?
  • Why does it cost so much to insure a teen driver?
  • Am I covered if I crash into my own garage door?
  • Is my teenager covered with friends in the car?
  • Should I buy full coverage?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

Insurance coverages explained

Learning about specific coverages of your insurance policy aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring. These are typical coverages available from insurance companies.

Comprehensive coverage

This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, hitting a bird, hail damage, falling objects and theft. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your MINI Cooper Paceman.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for bills for things like funeral costs, pain medications, rehabilitation expenses, ambulance fees and dental work. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Auto liability

Liability coverage provides protection from damage that occurs to other’s property or people. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for things such as funeral expenses, medical expenses, pain and suffering, repair costs for stationary objects and repair bills for other people’s vehicles. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Collision insurance

This coverage covers damage to your Cooper Paceman from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like sustaining damage from a pot hole, colliding with a tree, hitting a mailbox, scraping a guard rail and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

At the end of the day…

We just showed you some good ideas how to save on 2015 MINI Cooper Paceman insurance. The most important thing to understand is the more you quote car insurance, the better chance you’ll have of finding affordable car insurance. You may even find the biggest savings come from some of the lesser-known companies. These smaller insurers may only write in your state and offer lower car insurance rates as compared to the big name companies such as Progressive and GEICO.

While you’re price shopping online, don’t be tempted to buy poor coverage just to save money. There are too many instances where someone dropped comprehensive coverage or liability limits and learned later that their decision to reduce coverage ended up costing them more. Your objective should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.

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