How Much Does 2014 MINI Cooper Coupe Insurance Cost?

Trying to find cheaper insurance rates for your MINI Cooper Coupe? No one likes having to buy insurance, in particular when their premiums are too high.

Having so many options, it is very difficult to locate the best provider.

You should make it a habit to price shop coverage at least once a year because prices are constantly changing. If you had the best price for Cooper Coupe coverage two years ago you can probably find a better price now. You can find a lot of wrong information about insurance on the internet, so we’re going to give you a lot of great tips on how to quit paying high insurance rates.

These factors can influence MINI Cooper Coupe insurance rates

An important part of buying insurance is that you know the rating factors that go into determining your car insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that will entitle you to much lower annual insurance costs.

Listed below are a few of the “ingredients” that factor into prices.

  • Big city or small town – Choosing to live in small towns and rural areas can save you money when it comes to car insurance. Drivers in populated areas tend to have traffic congestion and much longer commute distances. Fewer people means reduced accidents.
  • Having a spouse can save you money – Having a wife or husband can get you a discount on your car insurance policy. Marriage is viewed as being more mature than a single person it has been statistically shown that married couples file fewer claims.
  • Liability insurance protects assets – Liability coverage provides coverage if ever you are found to be at fault for personal injury or accident damage. It will provide legal defense starting from day one. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
  • Pleasure use saves money – The more you drive each year the higher your rates will be. Most insurance companies apply a rate based on how the vehicle is used. Vehicles that are left in the garage qualify for better rates compared to those used for work or business. An improperly rated Cooper Coupe can result in significantly higher rates. Verify your car insurance policy shows the correct driver usage.

These discounts can slash insurance coverage rates

Car insurance companies don’t always advertise every available discount in a way that’s easy to find, so we took the time to find both well-publicized and the more hidden savings tricks you should be using.

  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts can get savings of more than 20%.
  • Anti-theft Discount – Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
  • Seat Belts Save – Requiring all passengers to use a seat belt could save 15% off your PIP or medical payments premium.
  • Good Student Discount – Performing well in school can save 20 to 25%. Earning this discount can benefit you up to age 25.
  • Government Employees – Employees or retirees of the government could cut as much as 10% off for Cooper Coupe coverage with certain companies.
  • Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
  • 55 and Retired – Older drivers may be able to get a small decrease in premiums for Cooper Coupe coverage.
  • Life Insurance – Larger companies have better rates if you take out a life insurance policy as well.

It’s important to understand that most discounts do not apply to the entire policy premium. Some only reduce individual premiums such as medical payments or collision. So when it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

A partial list of companies that may have some of the above discounts may include but are not limited to:

Check with every prospective company which discounts they offer. All car insurance discounts may not be available in every state.

Advertising myths

Companies like 21st Century, Allstate and State Farm consistently run ads on television and other media. All the ads make the same claim that you’ll save big if you change your coverage to them. How do they all make the same claim? This is how they do it.

All the different companies have a certain “appetite” for the type of driver that is profitable for them. For instance, a preferred risk might be between 25 and 40, has no prior claims, and has great credit. Any driver who fits that profile gets the lowest rates and most likely will save when switching.

Drivers who are not a match for this ideal profile will be quoted a higher premium which leads to business going elsewhere. The ads say “drivers who switch” not “people who quote” save that kind of money. That’s the way companies can state the savings. This emphasizes why you absolutely need to compare many company’s rates. Because you never know the company that will provide you with the cheapest MINI Cooper Coupe insurance rates.

When might I need the advice of an agent?

When choosing proper insurance coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that. These are some specific questions could help you determine whether you might need professional guidance.

  • Does my 2014 MINI Cooper Coupe qualify for pleasure use?
  • When should I drop full coverage on my 2014 MINI Cooper Coupe?
  • What are the financial responsibility laws in my state?
  • Does car insurance cover theft of personal property?
  • I have a DUI can I still get coverage?
  • What can I do if my company won’t pay a claim?
  • How high should my uninsured/underinsured coverage be in my state?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Car insurance policy coverages for a MINI Cooper Coupe

Having a good grasp of your car insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. These are typical coverage types found on the average car insurance policy.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for X-ray expenses, doctor visits, chiropractic care, nursing services and rehabilitation expenses. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Liability insurance – Liability coverage will cover damage or injury you incur to other’s property or people that is your fault. It protects you from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims like attorney fees, medical services, loss of income, bail bonds and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive (Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things like theft, damage from a tornado or hurricane, hitting a bird, vandalism and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage – This coverage covers damage to your Cooper Coupe from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like sideswiping another vehicle, hitting a mailbox, crashing into a building, sustaining damage from a pot hole and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers – This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your MINI Cooper Coupe.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Don’t be a big spender

Cheap 2014 MINI Cooper Coupe insurance can be found online and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. A few companies may not provide online price quotes and most of the time these regional insurance providers sell through independent agents.

As you restructure your insurance plan, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced collision coverage to discover at claim time they didn’t purchase enough coverage. Your strategy should be to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

Additional detailed information is located by following these links: