Save on 2014 MINI Cooper Insurance Quotes

Trying to find lower insurance rates for your MINI Cooper? Are you intimidated by the sheer number of insurance company choices? You have a lot of company. There are so many choices that it can easily become a big hassle to compare prices.

If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these techniques. The purpose of this article is to instruct you on the best way to quote coverages and some tips to save money. Nevertheless, vehicle owners do need to learn the way insurance companies market insurance on the web and use this information to your advantage.

Cut your premium with discounts

Car insurance is not cheap, but you may find discounts that many people don’t even know exist. Certain discounts will be applied at the time you complete a quote, but less common discounts must be asked for before they will apply.

  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less for Cooper coverage than less cautious drivers.
  • New Car Discount – Buying coverage on a new vehicle can be considerably cheaper compared to insuring an older model.
  • Auto/Life Discount – Some companies give a discount if you purchase a life insurance policy as well.
  • Resident Student – Youth drivers who attend school more than 100 miles from home without a vehicle on campus may qualify for this discount.
  • Discount for Swiching Early – Some insurance companies reward drivers for signing up before your current policy expires. The savings is around 10%.

Drivers should understand that many deductions do not apply to the entire policy premium. Most cut specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears you could get a free car insurance policy, you won’t be that lucky. But all discounts will cut your overall premium however.

Companies who might offer these discounts include:

Check with all companies you are considering how you can save money. All car insurance discounts might not apply in every state.

How to Compare Auto Insurance

To find the best auto insurance prices, there are several ways of comparing price quotes and find the best price. By far the easiest way to find competitive 2014 MINI Cooper insurance rates is to use the internet to compare rates. This can be accomplished in a couple of different ways.

  1. The best way to compare a lot of rates at once is a comparison rater form (click to open form in new window). This method eliminates the need for separate forms for each company you want a rate for. Filling out one form compares rates from multiple low-cost companies. This is perfect if you don’t have a lot of time.
  2. A harder way to find lower rates is to take the time to go to each individual company website and fill out their own quote form. For examples sake, we’ll pretend you want comparison quotes from Auto-Owners, Liberty Mutual and Geico. You would have to visit each site to input your insurance information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.

Which method you use is up to you, but compare exactly the same coverage limits for every quote you compare. If you compare different limits and deductibles on each one you can’t possibly decipher which rate is best. Just a small difference in coverages can mean a large discrepancy in price. It’s important to know that having more price comparisons will increase your chances of finding the best price.

What is the best insurance coverage?

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Every insured’s situation is different.

For example, these questions might point out whether your personal situation might need an agent’s assistance.

  • Are my friends covered when driving my 2014 MINI Cooper?
  • Does my car insurance cover rental cars?
  • How much liability do I need to cover my assets?
  • Is a new car covered when I drive it off the dealer lot?
  • What can I do if my company won’t pay a claim?
  • Should I have combined single limit or split liability limits?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Auto insurance coverages explained

Knowing the specifics of auto insurance can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Collision insurance

Collision coverage pays for damage to your Cooper from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as scraping a guard rail, colliding with a tree, crashing into a building and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your MINI Cooper.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for expenses for things like X-ray expenses, rehabilitation expenses and funeral costs. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for liability

Liability insurance can cover damage or injury you incur to people or other property by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Another option is a combined limit that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like medical services, emergency aid, attorney fees and funeral expenses. How much coverage you buy is up to you, but you should buy higher limits if possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as hitting a bird, vandalism, hail damage, a broken windshield and fire damage. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Quote often and quote early

People switch companies for a variety of reasons including unfair underwriting practices, being labeled a high risk driver, policy non-renewal or denial of a claim. Regardless of your reason for switching companies, choosing a new company is not as difficult as it may seem.

We covered quite a bit of information on how to compare 2014 MINI Cooper insurance prices online. It’s most important to understand that the more you quote, the better your comparison will be. You may even find the biggest savings come from the smaller companies.

When buying insurance coverage, make sure you don’t reduce coverage to reduce premium. There have been many cases where consumers will sacrifice comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. The aim is to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

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