How many years has it been since you compared cheaper Mini Cooper insurance in Riverside? Paying for expensive Mini Cooper insurance in Riverside can eat up your monthly budget and make it impossible to make ends meet.
Astonishing but true according to a recent study, the vast majority of consumers in California have purchased from the same company for at least the last four years, and nearly 40% of drivers have never quoted car insurance rates at all. Consumers in America could pocket 47% a year by just shopping around, but they don’t want to spend time to go online and compare rates.
Steps to finding cheaper rates for Mini Cooper insurance in Riverside
The easiest way to find discount Mini Cooper insurance in Riverside is to do a yearly price comparison from companies that insure vehicles in California.
- First, try to understand what is in your policy and the things you can change to lower rates. Many policy risk factors that cause rate increases like traffic violations and a substandard credit history can be eliminated by making minor changes to your lifestyle. Keep reading for tips to prevent high rates and find overlooked discounts.
- Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from one company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes for a wide range of companies.
- Third, compare the new quotes to your existing policy to see if cheaper Cooper coverage is available. If you find a better price and buy the policy, verify that coverage does not lapse between policies.
A crucial key to this process is to use similar limits and deductibles on each price quote and to quote with as many companies as possible. Doing this provides the most accurate price comparison and a complete selection of prices.
Multiple car insurance companies compete to insure your vehicles, so it can be very hard to choose a insurance company to find the best price available on Mini Cooper insurance in Riverside.
It’s a good habit to compare prices before your next renewal due to the fact that insurance prices fluctuate regularly. Just because you had the lowest quotes on Mini Cooper insurance in Riverside on your last policy the chances are good that you can find a lower rate today. Ignore everything you know about car insurance because you’re about to learn the right way to reduce your cost while improving coverage.
Auto insurance providers offering competitive rate quotes in California
The following companies can provide free quotes in Riverside, CA. If multiple companies are listed, we suggest you get rate quotes from several of them in order to find the lowest rates.
Insurance coverage analysis
The premium table shown below highlights a range of insurance coverage prices for Mini Cooper models. Having a good understanding how insurance policy premiums are figured can help you make smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $238 | $454 | $424 | $26 | $128 | $1,270 | $106 |
| Cooper 2-Dr Convertible | $238 | $454 | $330 | $20 | $98 | $1,140 | $95 |
| Cooper S 2-Dr Hatchback | $238 | $536 | $424 | $26 | $128 | $1,352 | $113 |
| Cooper S 2-Dr Convertible | $270 | $536 | $330 | $20 | $98 | $1,254 | $105 |
| Cooper John Cooper Works 2-Dr Hatchback | $270 | $536 | $424 | $26 | $128 | $1,384 | $115 |
| Cooper John Cooper Works 2-Dr Convertible | $300 | $616 | $330 | $20 | $98 | $1,364 | $114 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate information does not factor in zip code location which can change price quotes greatly.
Choosing deductibles
One of the more difficult decisions when buying insurance is how high or low should comp and collision deductibles be. The comparisons below may help to conceptualize the price difference when you buy lower versus higher insurance deductibles. The first table uses a $100 deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $380 | $686 | $376 | $22 | $112 | $1,601 | $133 |
| Cooper 2-Dr Convertible | $380 | $686 | $292 | $18 | $88 | $1,489 | $124 |
| Cooper S 2-Dr Hatchback | $380 | $810 | $376 | $22 | $112 | $1,725 | $144 |
| Cooper S 2-Dr Convertible | $430 | $810 | $292 | $18 | $88 | $1,663 | $139 |
| Cooper John Cooper Works 2-Dr Hatchback | $430 | $810 | $376 | $22 | $112 | $1,775 | $148 |
| Cooper John Cooper Works 2-Dr Convertible | $478 | $932 | $292 | $18 | $88 | $1,833 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $278 | $464 | $376 | $22 | $112 | $1,252 | $104 |
| Cooper 2-Dr Convertible | $278 | $464 | $292 | $18 | $88 | $1,140 | $95 |
| Cooper S 2-Dr Hatchback | $278 | $546 | $376 | $22 | $112 | $1,334 | $111 |
| Cooper S 2-Dr Convertible | $314 | $546 | $292 | $18 | $88 | $1,258 | $105 |
| Cooper John Cooper Works 2-Dr Hatchback | $314 | $546 | $376 | $22 | $112 | $1,370 | $114 |
| Cooper John Cooper Works 2-Dr Convertible | $348 | $630 | $292 | $18 | $88 | $1,376 | $115 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in Riverside location which can influence auto insurance rates greatly.
We can estimate from the data above that using a $100 deductible will cost in the ballpark of $33 more each month or $396 a year than buying the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 12 months between claim filings, you would probably be better off if you choose a higher deductible. The numbers below show the way you can do this calculation yourself.
| Average monthly premium for $100 deductibles: | $140 |
| Average monthly premium for $500 deductibles (subtract): | – $107 |
| Monthly savings from raising deductible: | $33 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $33 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 12 months |
An important thing to remember is that increasing deductibles to save money means you will have to pay more if you have a claim. You must have some extra savings in the event you need to pay the deductible for vehicle repair.
The chart below demonstrates how deductible levels and can increase or decrease Mini Cooper annual premium costs for different age groups of insureds. The rate quotes are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.
Males versus Females
The example below illustrates the difference between Mini Cooper auto insurance rates for male and female drivers. The premiums assume no violations or claims, comp and collision included, $500 deductibles, marital status is single, and no discounts are applied.
Full coverage rates compared to liability-only
The illustration below shows the comparison of Mini Cooper insurance premiums with and without full coverage. The data is based on no claims or driving violations, $1,000 deductibles, drivers are single, and no discounts are applied.
Guidelines for dropping full coverage
There is no written rule for excluding physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s say your Mini Cooper replacement 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 the physical damage deductible. If you are currently paying more than $200 annually for comprehensive and collision coverage, then it might be time to buy liability only.
There are some cases where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Check for these price cutting discounts
Car insurance is not an enjoyable expense, but companies offer discounts that may help make it more affordable. Most are applied at the time you complete a quote, but occasionally some discounts must be asked about in order for you to get them.
- Include Life Insurance and Save – If the company offers life insurance, you could get a lower car insurance rate if you buy some life insurance too.
- Resident Student – College-age children who live away from home to go to college and won’t have access to an insured vehicle could get you a discount.
- Accident Forgiveness Coverage – Not necessarily a discount, but companies like Progressive and Allstate will turn a blind eye to one accident before they charge you more for coverage so long as you haven’t had any claims for a set time period.
- Seat Belt Discounts – Buckling up and requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.
- Employee of Federal Government – Active or retired federal employment can save as much as 8% with certain companies.
- Renewal Discounts – Some companies provide a discount for buying a new policy prior to your current Cooper insurance policy expiring. You may see this discount when you get Riverside car insurance quotes online.
Discounts lower rates, but many deductions do not apply to the entire cost. A few only apply to the price of certain insurance coverages like liability and collision coverage. So even though you would think it’s possible to get free car insurance, car insurance companies aren’t that generous.
The illustration below compares Mini Cooper insurance costs with and without discounts. The premium estimates are based on a female driver, a clean driving record, no claims, California state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, multi-car, marriage, and safe-driver discounts applied.
Large car insurance companies and a partial list of their discounts are:
- Progressive may have discounts that include online quote discount, online signing, homeowner, continuous coverage, multi-vehicle, multi-policy, and good student.
- MetLife offers discounts for good student, multi-policy, claim-free, accident-free, defensive driver, and good driver.
- Mercury Insurance has savings for annual mileage, good student, anti-theft, ease of repair, and type of vehicle.
- Nationwide includes discounts for good student, anti-theft, family plan, multi-policy, and Farm Bureau membership.
- GEICO may offer discounts for anti-theft, seat belt use, multi-vehicle, emergency military deployment, daytime running lights, military active duty, and multi-policy.
- AAA offers discounts including good driver, pay-in-full, anti-theft, education and occupation, good student, multi-car, and multi-policy.
Before you buy a policy, ask all the companies how many discounts you can get. Some credits may not apply to policies everywhere. To find car insurance companies that offer the discounts shown above in California, click this link.
You Can Change Your Insurance Costs
It’s important that you understand some of the factors that are used to determine the level of your policy premiums. If you understand what impacts premium levels, this enables informed choices that may result in much lower annual insurance costs.
- Extra policy coverages that may not be needed – Insurance policies have a lot of optional add-on coverages that may not really be needed if you aren’t careful. Insurance for rental car reimbursement, death and dismemberment, and Farm Bureau memberships are examples of these. They may sound like good ideas when deciding what coverages you need, but if you don’t need them get rid of them and save.
- Maintain insurance coverage – Not having insurance is against the law and as a result your rates will increase for letting your insurance coverage expire. Not only will rates go up, failure to provide proof of insurance may result in a revoked license or a big fine.
- More than one policy can earn a discount – Most companies give better rates to clients who carry more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be ten percent or more. Even though this discount sounds good, consumers should still compare other company rates to help ensure you have the lowest rates.
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How’s your driving record? – Your driving record impacts your car insurance rates tremendously. Having just one speeding ticket can increase the cost of insurance substantially. Drivers with clean records pay lower auto insurance prices than their less careful counterparts. Drivers who have gotten dangerous citations such as DUI or reckless driving may find that they have to to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to keep their license.
The information below demonstrates how speeding tickets and at-fault accidents raise Mini Cooper insurance costs for different age groups. The data is based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
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Insurance loss data for Mini Cooper vehicles – Insurers factor in insurance loss information when they set coverage costs for each model. Models that historically have higher claim amounts or frequency will have higher premium rates. The information below illustrates the insurance loss data used by companies for Mini Cooper vehicles.
For each policy coverage, the loss probability for all vehicles, as a total average, equals 100. Percentage numbers below 100 suggest a better than average loss history, while percentages above 100 point to more claims or an increased probability of a larger loss.
Insurance Loss Ratings for Mini Cooper Vehicles Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Mini Cooper 92 72 114 74 74 85 Mini Cooper Convertible 80 72 100 57 Mini Cooper Coupe 72 60 Mini Cooper Roadster Convertible 57 50 78 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance agencies near you
Many people still prefer to get advice from a local agent and that can be a smart move Professional agents are trained risk managers and give you someone to call. One of the great benefits of comparing rates online is you can get cheap insurance quotes and still buy from a local agent. And providing support for local insurance agencies is still important in Riverside.
To make it easy to find an agent, after completing this form (opens in new window), your information is emailed to insurance agents in Riverside who will give you quotes for your insurance coverage. You won’t need to leave your computer since rate quotes are delivered to you directly. If you need to compare prices from a particular provider, don’t hesitate to go to their quote page and fill out the quote form the provide.
Finding the right company should include more criteria than just a cheap price. Ask your prospective agent these questions:
- Who are their largest clients?
- Does the agency support the community they serve?
- Do they specialize in personal lines auto insurance in Riverside?
- Does the agent have a valid license to sell insurance in California?
- Will they make sure you get an adequate claim settlement?
- Does the company allow you to choose your own collision repair facility?
- Which companies can they place coverage with?
- Will you work with the agent or an assistant?
Upon receiving good feedback to your questions as well as an affordable premium quote, chances are good that you have found an provider that is reputable and can properly service your insurance policy.
In the end, you can save money
Some auto insurance companies do not provide online price quotes and most of the time these regional insurance providers sell through local independent agents. Affordable Mini Cooper insurance in Riverside is attainable both online and from local insurance agents, so compare prices from both to have the best rate selection.
We’ve covered many tips how you can shop for Mini Cooper insurance online. It’s most important to understand that the more quotes you get, the higher the chance of saving money. You may even be surprised to find that the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising. They may cover specific market segments cheaper as compared to the big name companies such as State Farm, GEICO and Nationwide.
Steps to finding low-cost rates for Mini Cooper insurance in Riverside
If you want to find the absolute lowest rates, then the best way to save money on Mini Cooper insurance is to compare prices at least once a year from insurance carriers in Riverside.
First, spend a few minutes and learn about how car insurance works and the things you can change to prevent high rates. Many risk factors that cause high rates such as accidents, traffic tickets, and an imperfect credit history can be remedied by making lifestyle changes or driving safer.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from a single company like Progressive or Farmers Insurance, while agents who are independent can provide prices for a wide range of insurance providers.
Third, compare the new rate quotes to your existing rates and see if there is a cheaper rate. If you can save some money and buy the policy, make sure coverage does not lapse between policies.
Fourth, provide proper notification to your current company of your decision to cancel your current coverage. Submit a down payment along with a completed application to the new company. Once the application is submitted, put the new certificate verifying proof of insurance in an accessible location in your vehicle.
A crucial key to this process is to compare the same amount of coverage on each quote and and to get quotes from as many carriers as you can. This provides a fair rate comparison and a thorough selection of prices.
For more information, feel free to browse the resources below:
- Where can I buy Insurance? (Insurance Information Institute)
- What Car Insurance is Cheapest for Low Mileage Drivers in Riverside? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Toyota Corolla in Riverside? (FAQ)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Understanding Limits and Deductibles (Allstate)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)