View 2014 MINI Cooper Roadster Insurance Rates

Perplexed by the crazy number of auto insurance companies? You have so many companies available that it can really be a challenge to find a cheaper company.

If you have car insurance now, you should be able to reduce your rates substantially using these tips. Locating more affordable protection can be fairly easy. Nevertheless, vehicle owners must understand the methods companies use to market insurance on the web and apply this information to your search.

Take advantage of these discounts

Not too many consumers would say insurance is affordable, but you may find discounts that many consumers don’t even know exist. Certain discounts will be applied when you complete an application, but a few must be specifically requested prior to receiving the credit. If you are not receiving all the discounts available, you could be paying more than you need to.

  • College Student Discount – Youth drivers who live away from home to go to college and won’t have access to an insured vehicle can be insured at a reduced rate.
  • Active Military Service – Having a deployed family member may lower your prices slightly.
  • Membership in Organizations – Participating in a qualifying organization is a simple method to lower premiums when shopping for insurance.
  • Claim-Free Discount – Insureds who avoid accidents and claims pay less compared to bad drivers.
  • Accident Waiver – but certain companies will allow you to have one accident before raising your premiums with the catch being you have to be claim-free prior to being involved in the accident.

Remember that most discounts do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it appears having all the discounts means you get insurance for free, insurance companies aren’t that generous. Any amount of discount should definitely cut your premiums.

Popular insurance companies and their possible discounts are shown below.

  • Progressive discounts include multi-vehicle, multi-policy, good student, homeowner, and continuous coverage.
  • The Hartford policyholders can earn discounts including defensive driver, air bag, driver training, anti-theft, and bundle.
  • Mercury Insurance includes discounts for type of vehicle, age of vehicle, anti-theft, accident-free, annual mileage, location of vehicle, and good driver.
  • Geico may have discounts that include multi-vehicle, anti-lock brakes, membership and employees, five-year accident-free, driver training, and air bags.
  • AAA offers premium reductions for AAA membership discount, education and occupation, good driver, multi-policy, pay-in-full, and multi-car.
  • State Farm has discounts for good driver, accident-free, passive restraint, driver’s education, multiple policy, and Steer Clear safe driver discount.

If you want inexpensive insurance coverage quotes, ask every prospective company which discounts you qualify for. Savings might not be offered in your area. To choose insurance companies that provide some of the discounts listed above, click here.

How insurers calculate MINI Cooper Roadster insurance costs

Part of the insurance coverage buying process is learning the different types of things that go into determining the price you pay for insurance coverage. If you have a feel for what positively or negatively impacts your premiums, this enables you to make decisions that could result in much lower annual insurance costs. Lots of factors are taken into consideration when pricing auto insurance. Some factors are common sense such as your driving record, but others are more obscure like your vehicle usage or your financial responsibility.

  • Driver age impacts costs – Mature drivers are more responsible, cost insurance companies less in claims and tend to be get fewer driving tickets.Teenage drivers have a tendency to be careless and easily distracted in a vehicle and because of this, their insurance coverage rates are much higher.
  • What’s your car’s NHTSA crash test rating? – Vehicles with high crash test scores are cheaper to insure. Safe vehicles help reduce the chance of injuries in an accident and fewer serious injuries means your insurance company pays less passed on to you as lower rates. If the MINI Cooper Roadster has at least four stars on Safercar.gov you may qualify for a discount.
  • Lower rates with a multi-policy discount – Most major insurers will award better rates to buyers that have more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, you still need to shop around to help ensure you have the lowest rates. Consumers may save money by buying insurance coverage from a different company.
  • High deductibles lower rates – Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your MINI. Examples of some claims that would be covered would be collision with another vehicle, vandalism, and damage from a fallen tree branch. Comp and collision deductibles define the amount you are willing to pay before a claim is paid by your company. The higher the amount you’re willing to pay, the less money you will pay for insurance coverage on Cooper Roadster insurance.
  • Cut premiums and deter theft – Purchasing a vehicle with an alarm system can help lower your premiums. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart vehicle theft.
  • A good credit history can save money – Having a bad credit score will be a significant factor in determining your rates. So if your credit is low, you could pay less to insure your 2014 MINI Cooper Roadster if you improve your credit rating. Insureds with excellent credit scores tend to be better risks to insure than drivers who have poor credit.
  • Eliminate incidental coverages – Insurance companies have many extra add-on coverages you can purchase if you aren’t diligent. Coverage for things like personal injury protection, death and dismemberment, and Farm Bureau memberships may not be needed and are just wasting money. These coverages may sound good initially, but if they’re wasting money remove them from your policy.
  • Where you reside is a factor – Living in a small town can be a good thing when insuring your vehicles. Fewer drivers translates into fewer accident claims and lower theft and vandalism rates. Residents of big cities tend to have more road rage incidents and longer commute times. Higher commute times means a statistically higher chance of an accident.

Special considerations

When buying the best insurance coverage coverage, there is no best way to insure your cars. Everyone’s needs are different.

For instance, these questions can help discover whether or not you will benefit from professional help.

  • When should I not file a claim?
  • Does my insurance cover a custom paint job?
  • Am I covered when driving a rental car?
  • Do I have coverage when pulling a U-Haul trailer?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Do I have coverage for damage caused while driving under the influence?
  • Is my state a no-fault state?
  • What discounts do I qualify for?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form.

The largest companies are not always cheapest

Well-known auto insurance companies like Allstate, Geico and Progressive continually stream television, radio, and online ads. They all say the same thing that drivers can save some big amount if you switch to their company. How does every auto insurance company make almost identical claims? You have to listen carefully.

Many companies have strict underwriting profiles for the type of driver that will most likely be profitable. One example of a desirable insured might have to be between the ages of 30 and 45, has a clean driving record, and insures a new vehicle. Any person who matches those parameters will qualify for the lowest premium rates and most likely will save when switching.

Consumers who fall short of these standards may be required to pay a higher premium which results in the customer not buying. The ads say “drivers who switch” but not “everyone who gets a quote” save money. That’s the way insurance companies can confidently state the savings.

Because each company has a different risk profile, you absolutely need to do a rate comparison at every renewal. Because you cannot predict which company will have the best premium rates.

Parts of your insurance policy

Having a good grasp of your policy helps when choosing the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Comprehensive coverages

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a bird, vandalism and theft. The maximum payout your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision insurance

This coverage will pay to fix damage to your Cooper Roadster resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like hitting a parking meter, damaging your car on a curb and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible to bring the cost down.

Auto liability insurance

Liability coverage provides protection from damage that occurs to other’s property or people in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of 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 liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like repair bills for other people’s vehicles, structural damage and medical services. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured and underinsured coverage

This protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your MINI Cooper Roadster.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as surgery, pain medications, doctor visits and nursing services. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

One last thing about your coverage

Some insurance companies may not provide the ability to get quotes online and usually these smaller providers sell through independent agencies. Lower-priced 2014 MINI Cooper Roadster insurance can be found both online and from local insurance agents, and you should be comparing both in order to have the best chance of saving money.

People switch companies for a number of reasons such as policy non-renewal, high rates after DUI convictions, an unsatisfactory settlement offer and even poor customer service. Regardless of your reason for switching companies, switching insurance companies is less work than it seems.

You just learned a lot of ways to get a better price on 2014 MINI Cooper Roadster insurance. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding cheaper insurance coverage. Consumers may even find the lowest priced insurance comes from a lesser-known regional company.

Additional insurance information can be read on the following sites: