Trying to find the cheapest car insurance rates for your MINI Cooper? Finding lower premiums on car insurance can seem to be hard for consumers not familiar with buying insurance online. Consumers have so many choices that it can turn into a lot of work to compare prices.
It is always a good idea to compare rates before your policy renews due to the fact that insurance rates are constantly changing. Just because you found the best rates for Cooper coverage a couple years back there is a good chance you can find better rates now. Forget anything you know (or think you know) about car insurance because you’re about to find out the only way to reduce your cost while improving coverage.
Companies offering auto insurance don’t list every available discount in a way that’s easy to find, so we researched some of the more common and the more hidden ways to save on insurance.
Keep in mind that some of the credits will not apply to the entire policy premium. Most only cut the price of certain insurance coverages like comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, you’re out of luck.
A partial list of companies who might offer these discounts may include but are not limited to:
It’s a good idea to ask each insurance company which discounts you may be entitled to. Discounts may not be available in every state.
There are a variety of methods to compare 2004 MINI Cooper insurance prices but some are less time-consuming than others. You could spend your day talking to agents in your area, or you could use the internet to get pricing more quickly.
Many popular insurance companies are enrolled in a marketplace where prospective buyers enter their policy data once, and every company then gives them pricing based on that information. This system prevents you from having to do quote forms to each individual insurance company.
To find out how much you’re overpaying now click here (opens in new window).
One minor caviat to using this type of system is you don’t know exactly the companies to receive prices from. If you wish to select individual companies to request quotes from, we put together a list of low cost insurance companies in your area. Click here for list of insurance companies.
It’s up to you how you get prices quotes, just make darn sure you compare exactly the same coverages for each price quote. If you are comparing mixed coverages you can’t possibly determine which rate is truly the best. Quoting even small variations in limits may result in a large different in cost. And when comparison shopping, having more price comparisons will enable you to find the best price.
When it comes to choosing adequate coverage, there really is no perfect coverage plan. Everyone’s situation is unique.
Here are some questions about coverages that may help you determine if your insurance needs would benefit from professional advice.
If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form.
Having a good grasp of your policy aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.
Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for bills such as ambulance fees, X-ray expenses, dental work and funeral costs. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible
Collision coverages – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for things such as colliding with a tree, damaging your car on a curb, hitting a mailbox, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.
Liability auto insurance – Liability insurance will cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against claims from other people. It does not cover 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. As an example, you may have limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.
Liability insurance covers claims like medical expenses, structural damage and funeral expenses. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.
Uninsured/Underinsured Motorist coverage – This provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your MINI Cooper.
Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.
Comprehensive coverage – This pays for 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 protects against claims like damage from getting keyed, a broken windshield and hitting a deer. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Drivers change insurance companies for many reasons like policy non-renewal, not issuing a premium refund, delays in responding to claim requests and even an unsatisfactory settlement offer. It doesn’t matter what your reason, switching insurance coverage companies is not as hard as you think.
When buying insurance coverage, you should never buy poor coverage just to save money. There have been many situations where an insured dropped comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. Your strategy should be to get the best coverage possible at a price you can afford while not skimping on critical coverages.
We just presented some good ideas how to lower your 2004 MINI Cooper insurance rates. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest priced insurance coverage comes from a smaller regional carrier.