Mini Cooper Insurance Quotes in Pittsburgh

Anyone knows that insurance companies don’t want you to look for a cheaper policy. Consumers who shop around will probably buy a different policy because there are good odds of finding a policy with better rates. A recent auto insurance study discovered that people who compared price quotes annually saved about $72 a month compared to people who never shopped around for better prices.

If finding the best rates on insurance in Pittsburgh is your intention, then having some knowledge of how to shop and compare insurance premiums can help simplify the task of finding more affordable coverage.

Insurance quote for Mini Cooper in PittsburghIt takes a few minutes, but the best way to get low-cost auto insurance rates in Pittsburgh is to make a habit of regularly comparing prices from companies who sell insurance in Pennsylvania. You can compare prices by completing these steps.

An important note is that you’ll want to make sure you compare identical limits and deductibles on each price quote and and to get rates from as many carriers as you can. Doing this ensures a fair rate comparison and a complete selection of prices.

If you are already insured or are looking for a new policy, use these money-saving tips to get lower rates while maintaining coverages. Choosing the best rates in Pittsburgh is actually very simple if you learn how to start. Consumers just have to understand the least time-consuming way to find the lowest price from many different companies online.

Six factors that impact insurance prices

Lots of factors are taken into consideration when premium rates are determined. A few of the factors are predictable such as your driving record, although some other factors are not as apparent such as your marital status or your financial responsibility. An important part of buying insurance is that you know a few of the rating criteria that go into determining your premiums. If you have a feel for what controls the rates you pay, this allows you to make educated decisions that could result in lower rates.

Cheaper rates after marriage – Your spouse may cut your premiums when buying insurance. Marriage is viewed as being more financially stable and insurance companies like that being married results in fewer claims.

Insurance is expensive for younger drivers – Older, more experienced drivers tend to be more responsible, tend to file fewer claims, and are generally more financially stable. Teenage drivers are proven to be inattentive in a vehicle so insurance rates are higher.

The chart below assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.

Liability coverage – Your insurance policy’s liability coverage kicks in if ever you are found liable for an accident. Liability insurance provides legal defense coverage up to the limits shown on your policy. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so buy as much as you can afford.

Insurance costs and vehicle performance – The performance of the vehicle you are insuring makes a substantial difference in your premium level. Economy passenger vehicles usually are quite affordable to insure, but there are many factors that impact the final cost.

The following chart uses these variables: married male driver age 50, full coverage with $100 deductibles, and no discounts or violations. The chart compares Mini Cooper rates compared to other models that have a range of performance rating factors.

Do safer cars cost less to insure? – Vehicles that have high safety ratings are cheaper to insure. Vehicles engineered for safety reduce injuries and better occupant protection translates into savings for insurance companies and more competitive rates for policyholders. If your Mini Cooper has ratings of a minimum four stars on or an “acceptable” rating on you are probably receiving a discount.

Annual mileage impacts premiums – The higher the miles on your Mini each year the more you will pay for insurance. A lot of insurance companies apply a rate partially by how you use the vehicle. Cars and trucks not used for work or commuting receive better premium rates than those that get driven frequently. An incorrectly rated Cooper is just wasting money. Make sure your insurance policy shows the proper vehicle usage, because improper ratings can cost you money.

Insurance losses for a Mini Cooper – Insurance companies factor in historical loss data when determining insurance prices. Vehicles that tend to have a trend towards higher claim severity or frequency will cost more for specific coverages. The table below demonstrates the insurance loss data used by companies for Mini Cooper vehicles.

For each insurance policy coverage type, the loss probability for all vehicles compiled together is considered to be 100. Numbers shown that are under 100 suggest a positive loss record, while values over 100 point to more frequent losses or an increased probability of a larger loss.

Insurance Loss Ratings for Mini Cooper Vehicles
Vehicle Make and 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

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance data for a Mini Cooper

The rate information displayed below outlines detailed analysis of rate quotes for Mini Cooper models. Understanding more about how auto insurance policy rates are determined can help customers make smart choices when buying a policy.

Mini Cooper Insurance Rates in Pittsburgh, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $122 $230 $268 $16 $80 $716 $60
Cooper 2-Dr Convertible $122 $230 $208 $12 $62 $634 $53
Cooper S 2-Dr Hatchback $122 $270 $268 $16 $80 $756 $63
Cooper S 2-Dr Convertible $138 $270 $208 $12 $62 $690 $58
Cooper John Cooper Works 2-Dr Hatchback $138 $270 $268 $16 $80 $772 $64
Cooper John Cooper Works 2-Dr Convertible $154 $310 $208 $12 $62 $746 $62
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate information does not factor in garaging location in Pittsburgh which can modify premium rates significantly.

Rate comparison for different deductibles

One of the most common insurance questions is how high should your deductibles be. The rates below may help to conceptualize how much more rates are when you choose different coverage deductibles. The first data set uses a $250 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Mini Cooper insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $254 $428 $280 $16 $84 $1,087 $91
Cooper 2-Dr Convertible $254 $428 $218 $12 $66 $1,003 $84
Cooper S 2-Dr Hatchback $254 $506 $280 $16 $84 $1,165 $97
Cooper S 2-Dr Convertible $288 $506 $218 $12 $66 $1,115 $93
Cooper John Cooper Works 2-Dr Hatchback $288 $506 $280 $16 $84 $1,199 $100
Cooper John Cooper Works 2-Dr Convertible $320 $582 $218 $12 $66 $1,223 $102
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Mini Cooper insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $206 $346 $280 $16 $84 $932 $78
Cooper 2-Dr Convertible $206 $346 $218 $12 $66 $848 $71
Cooper S 2-Dr Hatchback $206 $408 $280 $16 $84 $994 $83
Cooper S 2-Dr Convertible $234 $408 $218 $12 $66 $938 $78
Cooper John Cooper Works 2-Dr Hatchback $234 $408 $280 $16 $84 $1,022 $85
Cooper John Cooper Works 2-Dr Convertible $260 $468 $218 $12 $66 $1,024 $85
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Prices do not factor in specific location information which can alter insurance rates noticeably.

Based on the above data, using a $250 deductible costs approximately $15 more each month or $180 a year across all Mini Cooper models than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have more than 17 months between claim filings, you would most likely save money if you decide on a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $95
Average monthly premium for $500 deductibles (subtract): – $80
Monthly savings from raising deductible: $15
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

The illustration below illustrates how choosing a deductible and can raise or lower Mini Cooper insurance prices for each age group. The rates are based on a married female driver, comp and collision included, and no discounts are factored in.

Comparison of insurance rates by gender and age in Pittsburgh

The example below compares Mini Cooper insurance rates for male and female drivers. The information is based on no accidents, no driving violations, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are applied.

Cost comparison with and without full coverage

The illustration below shows the difference between Mini Cooper car insurance costs when comparing full coverage to liability only. Data assumes no accidents, no driving violations, $250 deductibles, drivers are not married, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There is no set rule of when to eliminate physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Mini Cooper settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after the policy deductible has been paid. If you are paying in excess of $700 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where buying only liability insurance is not a good plan. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Save a ton with discounts

Companies that sell car insurance do not list all possible discounts in a way that’s easy to find, so the next list breaks down some of the best known as well as some of the hidden savings tricks you should be using when you buy Pittsburgh auto insurance online.Save money with discounts

It’s important to understand that some of the credits will not apply to the entire cost. Most cut the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy. Any qualifying discounts will help lower your premiums.

The information below shows the comparison of Mini Cooper premium costs with and without discounts applied. The premiums assume a male driver, no claims or driving violations, Pennsylvania state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-policy, safe-driver, claim-free, and multi-car discounts applied.

Some companies that may offer many of the previously listed discounts may include but are not limited to:

When quoting, ask every insurance company to apply every possible discount. Some credits might not be offered in every state.

Persistence pays off

In this article, we covered many ideas to save on Mini Cooper insurance in Pittsburgh. The most important thing to understand is the more providers you compare, the better your chances of lowering your premium rates. You may even discover the lowest car insurance rates are with an unexpected company.

As you prepare to switch companies, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, an insured dropped comprehensive coverage or liability limits and discovered at claim time that it was a big mistake. Your focus should be to buy the best coverage you can find for the lowest cost and still be able to protect your assets.

Consumers switch companies for a variety of reasons including questionable increases in premium, not issuing a premium refund, policy cancellation and even delays in responding to claim requests. Regardless of your reason for switching companies, choosing a new insurance company can be pretty painless.

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