Are you sick and tired of not being able to afford to insure your MINI every month? You are in the same boat as many other consumers. Since consumers have many insurance providers from which to choose, it can be challenging to pick the most cost effective car insurance company.
Buying the cheapest car insurance can be fairly easy. If you have a policy now or need a new policy, you will benefit by learning to get lower rates while maximizing coverage. Vehicle owners just need to know the proper way to compare rates online.
An important part of buying insurance is that you know some of the elements that come into play when calculating insurance rates. Understanding what controls the rates you pay enables informed choices that could result in big savings.
Shopping for lower insurance coverage rates can be exhausting if you aren’t aware of the most efficient way. You can waste hours discussing policy coverages with agents in your area, or you can stay home and use online quoting to get prices fast.
Many insurance companies enroll in a system that allows shoppers to submit one quote, and every company can give them a price based on that information. This system prevents you from having to do quote forms to every company.
To enter your information into the quoting system, click to open in new window.
The one disadvantage to pricing coverage this way is you can’t choose which insurance companies you want pricing from. So if you prefer to choose specific providers to compare, we have a page of insurance coverage companies in your area. Click to view list.
Which method you use is up to you, but double check that you are using the exact same coverages and limits for each price quote. If each company quotes different limits and deductibles on each one it will be next to impossible to find the best deal for your MINI Cooper.
Insuring your fleet can be pricey, but you may find discounts to cut the cost considerably. Certain discounts will be applied at the time of purchase, but a few need to be requested specifically before being credited. If you don’t get every credit you qualify for, you’re just leaving money on the table.
Keep in mind that many deductions do not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like medical payments or collision. Just because you may think you can get free auto insurance, companies don’t profit that way. But all discounts will help reduce the cost of coverage.
For a list of insurance companies with the best insurance coverage discounts, click this link.
When it comes to buying coverage, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions could help you determine whether or not you might need professional guidance.
If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.
Understanding the coverages of car insurance aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages found on most car insurance policies.
Uninsured and underinsured coverage
This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these coverages are identical to your policy’s liability coverage.
Collision protection
This coverage pays to fix your vehicle from damage caused by collision 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 such as scraping a guard rail, crashing into a ditch, colliding with a tree, driving through your garage door and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Comprehensive coverages
This pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as falling objects, damage from getting keyed, damage from a tornado or hurricane and damage from flooding. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Coverage for medical payments
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like dental work, prosthetic devices, rehabilitation expenses and EMT expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
Liability coverage
Liability coverage protects you from damage that occurs to other’s property or people by causing an accident. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers things like emergency aid, legal defense fees, pain and suffering, attorney fees and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.
Cheap 2012 MINI Cooper insurance can be sourced from both online companies and with local insurance agents, so you should be comparing quotes from both to have the best rate selection. Some insurance providers do not offer online quoting and most of the time these small, regional companies sell through independent agents.
As you prepare to switch companies, do not skimp on coverage in order to save money. There are too many instances where an insured cut collision coverage only to regret at claim time they didn’t purchase enough coverage. Your focus should be to get the best coverage possible at a price you can afford while still protecting your assets.