Are you tired of scraping the payment together to insure your MINI every month? You’re in the same situation as most other car owners.
There is such a variety of insurance companies to choose from, and although it’s a good thing to have multiple companies, it can be more challenging to compare rates and find the lowest cost insurance coverage.
You should make it a habit to get comparison quotes yearly due to the fact that insurance rates change frequently. Despite the fact that you may have had the lowest rates for Cooper insurance a year ago you can probably find a better price now. Forget anything you know (or think you know) about insurance coverage because I’m going to let you in on the secrets to the proper way to find the best coverage while lowering your premiums.
Choosing the best insurance company for you is quite easy. Basically, everyone who shops for insurance will more than likely be able to save money. Although car owners do need to know the way insurance companies price online insurance because it can help you find the best coverage.
The fastest way that we advise to get rate comparisons is to take advantage of the fact almost all companies will pay a fee to quote your coverage. All consumers are required to do is take a few minutes to give details such as if your license is active, what you do for a living, any included safety features, and whether or not you need a SR-22. That information is then sent to insurance carriers in your area and they provide comparison quotes with very little delay.
Auto insurance companies do not list every discount very well, so we researched some of the best known and the more hidden discounts you could be receiving.
A little note about advertised discounts, most discount credits are not given to the entire cost. Some only apply to specific coverage prices like medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, insurance companies aren’t that generous.
Companies who might offer some of the above discounts include:
It’s a good idea to ask every prospective company which discounts you may be entitled to. Savings may not be available in your state.
When buying proper insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is unique so your insurance should reflect that For example, these questions might point out whether your personal situation might need an agent’s assistance.
If it’s difficult to answer those questions but a few of them apply then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.
Understanding the coverages of a insurance policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages available from insurance companies.
Collision – Collision coverage will pay to fix damage to your Cooper from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as sustaining damage from a pot hole, colliding with another moving vehicle and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.
Liability insurance – This provides protection from damage that occurs to other’s property or people. This coverage protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.
Liability coverage pays for things like repair bills for other people’s vehicles, court costs, legal defense fees and loss of income. How much liability should you purchase? That is up to you, but buy higher limits if possible.
Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your MINI Cooper.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.
Comprehensive insurance – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims like hail damage, hitting a bird and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance kick in for expenses like hospital visits, rehabilitation expenses and doctor visits. They are utilized in addition to your health insurance program or if you do not have health coverage. They cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage