Lower Your 2010 MINI Cooper Insurance Rates

Want the cheapest insurance rates for your MINI Cooper? Are you sick and tired of being strong-armed to buy car insurance? You are in the same boat as many other consumers.

Many insurers vie for your business, and it can be difficult to compare rates to get the best rates possible.

You need to take a look at other company’s rates quite often because rates change regularly. Even if you think you had the lowest price for Cooper coverage on your last policy you can probably find a lower rate today. You can find a lot of misleading information regarding insurance on the internet, so by reading this article, you’re going to learn some great ideas on how to slash your insurance rates.

Save big with these discounts

Car insurance companies don’t always list every discount very well, so we break down both well-publicized as well as the least known ways to save on insurance.

  • Low Mileage Discounts – Fewer annual miles on your MINI could qualify for a substantially lower rate.
  • Service Members Pay Less – Being deployed with a military unit can result in better rates.
  • Discount for New Cars – Putting insurance coverage on a new car can cost up to 25% less due to better safety requirements for new cars.
  • No Claims – Drivers who don’t have accidents pay much less when compared with drivers who are more careless.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • Club Memberships – Being a member of certain professional organizations may earn a discount on your policy for Cooper coverage.
  • Drivers Ed for Students – Require your teen driver to take driver’s ed class if offered at their school.
  • Defensive Driver – Successfully completing a driver safety course could possibly earn you a 5% discount if your company offers it.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
  • Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less for Cooper coverage than their less cautious counterparts.

It’s important to understand that some credits don’t apply to the overall cost of the policy. A few only apply to specific coverage prices like liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, companies don’t profit that way.

To see a list of companies offering insurance discounts, click here to view.

But I don’t know anything about car insurance

When buying the right insurance coverage, there really is no one size fits all plan. Every situation is different and your policy should reflect that. Here are some questions about coverages that can aid in determining whether or not you will benefit from professional help.

  • How high should deductibles be on a 2010 MINI Cooper?
  • When can I cancel my policy?
  • Why is insurance for a teen driver so high?
  • I have a DUI can I still get coverage?
  • Does insurance cover tools stolen from my truck?
  • Am I getting all the discounts available?
  • Do I need rental car coverage?
  • Should I bundle my homeowners policy with my auto?
  • Do I need replacement cost coverage?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Do drivers who switch really save $472 a year?

Insurance companies such as Allstate, Geico and Progressive continually stream television and radio advertisements. They all seem to make the same claim of big savings after switching to their company. How does each company make the same claim? It’s all in the numbers.

All the different companies are able to cherry pick for the type of customer that makes them money. For example, a desirable insured might be profiled as over the age of 50, is a homeowner, and has a high credit rating. Any driver who meets those qualifications gets the lowest rates and as a result will probably save a lot of money.

Consumers who do not match the “perfect” profile will be quoted a more expensive rate which leads to business going elsewhere. The ads state “drivers who switch” not “people who quote” save that much money. That is how companies can claim big savings. This emphasizes why you need to quote coverage with many companies. Because you never know which insurance company will provide you with the cheapest MINI Cooper insurance rates.

Learn about auto insurance coverages for a MINI Cooper

Understanding the coverages of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most auto insurance policies.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like funeral costs, EMT expenses and X-ray expenses. They are utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, rock chips in glass, hitting a deer, falling objects and hail damage. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto liability – Liability insurance provides protection from damage or injury you incur to other people or property. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

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 limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage pays for claims like repair bills for other people’s vehicles, loss of income, emergency aid and attorney fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your MINI Cooper.

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

Collision coverages – This covers damage to your Cooper from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like colliding with a tree, sideswiping another vehicle and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

More choices the merrier

In this article, we presented many ways to lower your 2010 MINI Cooper insurance rates. It’s most important to understand that the more times you quote, the more likely it is that you will get a better rate. You may even discover the best price on car insurance is with some of the smallest insurance companies. Smaller companies may only write in your state and offer lower rates as compared to the big name companies such as Allstate or State Farm.

As you restructure your insurance plan, it’s not a good idea to buy poor coverage just to save money. In too many instances, someone sacrificed collision coverage and discovered at claim time that they should have had better coverage. The proper strategy is to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

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