Lower Your 2014 MINI Cooper Insurance Cost

Searching for low-cost car insurance online can seem to be difficult for consumers new to quoting and buying insurance on the web. With such a large choice of companies competing online, how can you even start to compare them all to find the best pricing?

It’s smart to compare premium rates yearly because car insurance rates change frequently. Even if you think you had the lowest rate on Cooper coverage a few years ago there is a good chance you can find better prices now. Ignore everything you know about car insurance because you’re about to find out the tricks you need to know to find the best coverage while lowering your premiums.

This information will teach you how to effectively get price quotes and some money-saving tips. If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using these techniques. Although drivers can benefit from knowing the way insurance companies sell online because it can help you find the best coverage.

Get cheaper car insurance with discounts

Some companies do not list every policy discount in an easy-to-find place, so the list below contains both the well known and the harder-to-find discounts that may be available.

Service Members Pay Less – Having an actively deployed family member can result in better rates.
College Student Discount – Youth drivers who live away from home to go to college and won’t have access to an insured vehicle could get you a discount.
No Charge for an Accident – This isn’t a discount exactly, but some companies like Geico and Allstate will forgive one accident without getting socked with a rate hike as long as you don’t have any claims for a particular time prior to the accident.
Membership in Organizations – Belonging to a civic or occupational organization can get you a small discount on your next car insurance statement.
Driver’s Education for Students – It’s a good idea to have your young drivers enroll in driver’s education in school or through a local driver safety program.
Safe Drivers – Insureds without accidents can save as much as half off their rates on Cooper coverage compared to accident prone drivers.
Life Insurance – Larger insurance carriers have a discounted price on car insurance if you buy auto and life insurance together.
Early Renewal Discounts – A few car insurance companies give discounts for renewing your policy early. It can save you around 10%.
Homeowners Savings – Being a homeowner can save a few bucks because it requires personal responsibility.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, you aren’t that lucky.

Some of the insurance companies that may offer policyholders most of these discounts include:

If you need lower rates, check with all the companies what discounts are available to you. Some credits may not be offered in your state. If you would like to choose from a list of companies that have a full spectrum of discounts, click here to view.

Smart buyers can cut insurance costs

Lots of factors are taken into consideration when you get your auto insurance bill. Some are obvious such as your driving history, but other criteria are not quite as obvious like your continuous coverage and annual miles driven.

Only buy what you need – There are a lot of additional extra coverages that can waste your money if you don’t pay attention. Coverages for vanishing deductibles, towing, and additional equipment coverage are some examples. These may sound like a good investment when you first buy your policy, but your needs may have changed so get rid of them and save.
Consider raising deductibles – Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. A few examples of covered claims would be collision with another vehicle, hail damage, and rolling your vehicle. Deductibles for physical damage represent how much money you are required to spend out-of-pocket if you file a covered claim. The more you choose to pay out-of-pocket, the bigger discount you will receive on Cooper coverage.
Drivers with high credit save – Having a good credit history is a large factor in determining what you pay for insurance coverage. Therefore, if your credit could use some work, you may save money insuring your 2014 MINI Cooper by repairing your credit. Drivers with high credit ratings tend to be better risks to insure than those with poor credit.
Older drivers pay less – Older, more experienced drivers are more cautious drivers, file fewer claims , and usually have better credit.Drivers with little experience are proven to be inattentive and easily distracted when driving therefore insurance coverage rates are much higher.
Rate your vehicle for proper use – The more you drive in a year’s time the higher the price you pay to insure it. Most companies apply a rate based on how the vehicle is used. Vehicles that are left in the garage get more affordable rates than vehicles that have high annual mileage. Improper usage on your Cooper can cost quite a bit. Double check that your vehicle rating is rated on the correct driver usage.
Your stress level may be raising your prices – Occupations such as real estate brokers, business owners and miners tend to have higher rates than the rest of us attributed to high stress levels and lots of time spent at work. On the other hand, occupations like professors, students and homemakers generally pay rates lower than average on Cooper coverage.

Tailor your car insurance coverage to you

When it comes to choosing coverage for your personal vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

For example, these questions may help you determine whether you may require specific advice.

When would I need additional glass coverage?
Will my insurance pay for OEM parts?
Why do I need rental car insurance?
Do I need medical payments coverage since I have good health insurance?
When does my teenage driver need to be added to my policy?
Do I need roadside assistance coverage?
Will filing a claim cost me more?
Do I have newly-aquired coverage?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form.

Auto insurance coverages explained

Learning about specific coverages of your auto insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your MINI Cooper.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for collisions

This will pay to fix damage to your Cooper resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as crashing into a building, sustaining damage from a pot hole, hitting a mailbox, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Liability insurance

Liability coverage protects you from injuries or damage you cause to a person or their property in an accident. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as emergency aid, structural damage and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as pain medications, prosthetic devices and nursing services. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance

This pays for damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, hitting a deer and damage from a tornado or hurricane. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Be a money saver!

We just covered some good ideas how to compare 2014 MINI Cooper insurance prices online. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers could even find that the lowest prices are with some of the lesser-known companies.

Budget-friendly auto insurance can be purchased online and from local agencies, so you should be comparing quotes from both to have the best rate selection. A few companies do not offer online price quotes and many times these regional insurance providers only sell through independent insurance agencies.

People leave their current company for many reasons like extreme rates for teen drivers, an unsatisfactory settlement offer, delays in responding to claim requests and even high prices. No matter why you want to switch, choosing a new company can be easier than you think.