Save Money on Mini Cooper Insurance in Colorado Springs

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Discount Mini Cooper insuranceIt's a known fact that insurance companies don't want you to compare rates. People who get price quotes annually will, in all likelihood, switch to a new company because they stand a good chance of finding a more affordable policy. A recent survey discovered that consumers who make a habit of shopping around saved as much as $860 a year as compared to drivers who never compared other company's rates.

If finding the cheapest rates on car insurance in Colorado Springs is your objective, then having a good understanding how to shop for insurance coverage can help make the process easier.

If saving money is your primary concern, then the best way to get discount Mini Cooper insurance in Colorado Springs is to compare prices once a year from different companies in Colorado.

  1. Get a basic knowledge of individual coverages and the things you can control to prevent rate increases. Many factors that drive up the price such as inattentive driving and bad credit can be eliminated by making small lifestyle or driving habit changes.
  2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for a wide range of insurance providers.
  3. Compare the price quotes to your existing policy to see if cheaper Cooper coverage is available in Colorado Springs. If you can save some money and buy the policy, make sure there is no lapse in coverage.

One key aspect when comparing rates is to make sure you're comparing the same level of coverage on each quote and and to look at as many auto insurance providers as possible. This ensures the most accurate price comparison and plenty of rates choose from.

If you currently have car insurance, you will be able to buy cheaper car insurance using the tips covered below. Quoting and buying more affordable protection in Colorado Springs is not as confusing as people think. Nevertheless, Colorado consumers can benefit from knowing the methods companies use to market insurance on the web.

Get cheaper Mini Cooper insurance in Colorado Springs with discounts

Companies that sell car insurance do not advertise every discount very well, so the following is a list of both well-publicized as well as the least known credits available to you.Discount auto insurance

  • Distant Student Discount - Kids who are enrolled in a college that is more than 100 miles from Colorado Springs and don't have a car can be insured at a reduced rate.
  • Driver Safety - Passing a course that instructs on driving safety can save you 5% or more if you qualify.
  • Multi-policy Discount - If you can bundle your auto and homeowners insurance and insure them both with the same insurance company you may earn approximately 10% to 15%.
  • New Vehicle Savings - Putting insurance on a new Cooper is cheaper because newer vehicles have to meet stringent safety requirements.
  • Full Payment Discount - If paying your policy premium upfront as opposed to paying monthly you may reduce your total bill.
  • Air Bag Discount - Options like air bags or motorized seat belts may qualify for discounts of 25 to 30%.
  • Anti-lock Brake Discount - Cars with ABS and/or traction control have fewer accidents and qualify for as much as a 10% discount.
  • Driving Data Discount - Insureds who allow their insurance company to analyze vehicle usage remotely such as State Farm's In-Drive may see discounts if their driving habits are good.

As a footnote on discounts, most of the big mark downs will not be given to the entire cost. Most cut the cost of specific coverages such as comp or med pay. So despite the fact that it appears you would end up receiving a 100% discount, it doesn't quite work that way.

The diagram below illustrates the difference between Mini Cooper car insurance rates with and without discounts applied to the policy premium. The information is based on a female driver, no claims or violations, Colorado state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, homeowner, multi-policy, and marriage discounts applied.

A list of companies and a partial list of their discounts are shown below.

  • State Farm policyholders can earn discounts including anti-theft, defensive driving training, Drive Safe & Save, safe vehicle, multiple autos, student away at school, and Steer Clear safe driver discount.
  • American Family may have discounts that include multi-vehicle, defensive driver, accident-free, good student, air bags, and mySafetyValet.
  • AAA has savings for good driver, multi-car, pay-in-full, anti-theft, education and occupation, AAA membership discount, and multi-policy.
  • GEICO includes discounts for federal employee, multi-vehicle, seat belt use, daytime running lights, and air bags.
  • Mercury Insurance offers discounts including low natural disaster claims, good student, type of vehicle, anti-theft, location of vehicle, and age of vehicle.
  • Farmers Insurance has discounts for pay in full, alternative fuel, bundle discounts, business and professional, switch companies, and good student.
  • Progressive offers discounts for continuous coverage, online quote discount, homeowner, online signing, multi-policy, multi-vehicle, and good student.

If you are trying to find cheaper Colorado Springs car insurance quotes, ask every insurance company how you can save money. All car insurance discounts may not apply to policyholders in your state. For a list of companies who offer online Mini Cooper insurance quotes in Colorado Springs, click here.

When price shopping your coverage, getting more free quotes helps you find lower pricing. Some companies don't provide Colorado Springs Cooper insurance quotes online, so it's necessary to compare prices from the smaller companies as well.

The companies in the list below provide free rate quotes in Colorado. If you want cheaper auto insurance in Colorado Springs, we suggest you visit several of them to get the most affordable price.

Statistics and details

The data table below highlights detailed analysis of insurance premium costs for Mini Cooper models. Having knowledge of how auto insurance prices are figured can help customers make informed decisions when comparing rate quotes.

Mini Cooper Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $296 $628 $362 $22 $108 $1,416 $118
Cooper 2-Dr Convertible $296 $628 $280 $16 $84 $1,304 $109
Cooper S 2-Dr Hatchback $296 $740 $362 $22 $108 $1,528 $127
Cooper S 2-Dr Convertible $334 $740 $280 $16 $84 $1,454 $121
Cooper John Cooper Works 2-Dr Hatchback $334 $740 $362 $22 $108 $1,566 $131
Cooper John Cooper Works 2-Dr Convertible $372 $852 $280 $16 $84 $1,604 $134
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rates do not factor in the specific area where the vehicle is garaged which can change auto insurance rates greatly.

Policy deductibles

One frequently asked question is how high should the physical damage deductibles be. The data tables below can help show the differences in price when you buy lower versus higher insurance deductibles. The first rate estimation uses a $100 physical damage deductible and the second set of prices uses a $1,000 deductible.

Mini Cooper insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $302 $546 $298 $18 $90 $1,279 $107
Cooper 2-Dr Convertible $302 $546 $232 $14 $70 $1,189 $99
Cooper S 2-Dr Hatchback $302 $644 $298 $18 $90 $1,377 $115
Cooper S 2-Dr Convertible $342 $644 $232 $14 $70 $1,327 $111
Cooper John Cooper Works 2-Dr Hatchback $342 $644 $298 $18 $90 $1,417 $118
Cooper John Cooper Works 2-Dr Convertible $380 $740 $232 $14 $70 $1,461 $122
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Mini Cooper insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $168 $288 $298 $18 $90 $862 $72
Cooper 2-Dr Convertible $168 $288 $232 $14 $70 $772 $64
Cooper S 2-Dr Hatchback $168 $340 $298 $18 $90 $914 $76
Cooper S 2-Dr Convertible $190 $340 $232 $14 $70 $846 $71
Cooper John Cooper Works 2-Dr Hatchback $190 $340 $298 $18 $90 $936 $78
Cooper John Cooper Works 2-Dr Convertible $210 $390 $232 $14 $70 $916 $76
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Estimates do not factor in specific location information which can impact auto insurance rates greatly.

Using the premium rates above, we can conclude that using a $100 deductible costs approximately $39 more each month or $468 every year than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 23 months between claims, you would come out ahead by going with a higher deductible.

How accidents and violations affect rates

The information below demonstrates how traffic citations and fender-benders can raise Mini Cooper insurance costs for different insured age categories. The data is based on a single female driver, full coverage, $100 deductibles, and no policy discounts are applied.

Full coverage or liability only

The information below shows the difference between Mini Cooper car insurance rates when comparing full coverage to state minimum liability only. The information is based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

When to stop buying physical damage coverage

There is no exact rule to exclude comp and collision coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.

For example, let's say your Mini Cooper settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying your deductible. If you are paying in excess of $200 a year to have full coverage, then you might want to consider buying only liability coverage.

There are some situations where dropping full coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should maintain full coverage.

How much insurance do I need?

Keep in mind that when it comes to choosing coverage online or from an agent, there is no "best" method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won't apply.Drive safe and save These are some specific questions may help you determine whether or not you could use an agent's help.

  • Are split liability limits better than a combined single limit?
  • Does my Mini Cooper need full coverage?
  • Am I covered if I wreck a rental car?
  • When should I not buy collision coverage?
  • Does my policy cover me if I wreck while driving under the influence?
  • Should I buy full coverage?

If it's difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

When do I need to contact a local insurance agent?

Certain consumers would rather sit down and talk to an agent and that is not a bad decision An additional benefit of getting free rate quotes online is that you can obtain the best rates and still have an agent to talk to.

Upon completion of this quick form, your coverage information is sent to agents in your area that give free quotes for your business. It's much easier because you don't need to visit any agencies since rate quotes are delivered to you. You can find better rates without having to waste a lot of time. If you want to quote rates for a specific company, just find their quoting web page and give them your coverage information.

Deciding on a insurer requires more thought than just a cheap price quote. Here are some questions you might want to ask.

  • How much can you save by raising your physical damage deductibles?
  • Is the quote a firm price?
  • Will a damage claim use OEM or aftermarket replacement parts?
  • Will your rates increase after a single accident?
  • Are they able to influence company decisions when a claim is filed?
  • Do the coverages you're quoting properly cover your vehicle?
  • How are they compensated?
  • Can you contact them at any time?

Below is a short list of insurers in Colorado Springs that can give you price quote information for Mini Cooper insurance in Colorado Springs.

More insurance agents

Ratings for Colorado Springs auto insurance companies

Ending up with the best insurer can be challenging considering how many companies provide coverage in Colorado. The information displayed below can help you select which insurers to look at when comparing rates.

Top 10 Colorado Springs Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. Titan Insurance
  5. The General
  6. Mercury Insurance
  7. AAA Insurance
  8. State Farm
  9. Nationwide
  10. Safeco

Top 10 Colorado Springs Car Insurance Companies Ranked by Customer Service

  1. State Farm
  2. GEICO
  3. The Hartford
  4. Mercury Insurance
  5. Progressive
  6. The General
  7. Allstate
  8. AAA Insurance
  9. American Family
  10. Nationwide

Car insurance 101

Knowing the specifics of insurance can help you determine appropriate coverage and the correct deductibles and limits. Insurance terms can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages offered by insurance companies.

Medical costs insurance - Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like ambulance fees, hospital visits and rehabilitation expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision - Collision coverage will pay to fix damage to your Cooper resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like sustaining damage from a pot hole, rolling your car and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible on your Cooper to bring the cost down.

UM/UIM Coverage - This coverage protects you and your vehicle when the "other guys" do not carry enough liability coverage. Covered claims include injuries to you and your family and also any damage incurred to your Mini Cooper.

Since many Colorado drivers have only the minimum liability required by law (25/50/15), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive or Other Than Collision - Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hail damage, a broken windshield and theft. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Liability coverages - Liability coverage protects you from damages or injuries you inflict on people or other property in an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/15 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $15,000.

Liability coverage protects against claims such as pain and suffering, medical expenses, bail bonds, repair costs for stationary objects and legal defense fees. The amount of liability coverage you purchase is your choice, but it's cheap coverage so purchase as large an amount as possible. Colorado state minimum liability requirements are 25/50/15 but you should think about purchasing better liability coverage.

The illustration below shows why low liability limits may not be high enough to adequately cover claims.

What is YOUR best insurance company?

You just read some good ideas how you can get a better price on Mini Cooper insurance in Colorado Springs. It's most important to understand that the more times you quote, the higher your chance of finding affordable Mini Cooper insurance quotes. You may even find the best price on insurance is with a company that doesn't do a lot of advertising. These companies may often insure only within specific states and give better rates than their larger competitors like State Farm or Progressive.

A few companies do not provide online quoting and usually these smaller providers prefer to sell through local independent agencies. Affordable Mini Cooper insurance in Colorado Springs can be found both online and from local insurance agents, and you need to comparison shop both in order to have the best chance of saving money.

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